On a standalone basis, Q4 FY26 revenue increased 8.5% QoQ to Rs 2,260 crore, while EBITDA rose 7.2% QoQ to Rs 610 crore, translating into an EBITDA margin of 27.0%. Profit before tax (before exceptional items) stood at Rs 486 crore, up 9.7% sequentially.

For FY26, standalone revenue was Rs 8,396 crore, with EBITDA of Rs 2,312 crore. Consolidated revenue for FY26 increased 11.2% YoY to Rs 16,812 crore, while consolidated EBITDA rose 5.9% YoY to Rs 2,921 crore. The company maintained a strong balance sheet with standalone net debt-to-equity at 0.18x. During FY26, Bharat Forge secured new orders worth Rs 4,814 crore, including defence orders worth Rs 2,816 crore. The company’s defence order book stood at Rs 10,961 crore at the end of FY26, reinforcing its strategic positioning in the sector.

Export performance improved significantly during Q4, aided by inventory restocking and recovery in North American truck production. Passenger vehicle exports also witnessed strong momentum across North and Central America. Aerospace execution improved during the quarter with the onboarding of new customers across engine, structural, and landing gear components.

Domestic commercial vehicle demand remained robust, supported by GST-led industry tailwinds, while passenger vehicle production maintained healthy momentum. The industrial business continued to benefit from strong demand across power, construction & mining, agriculture, and machine tools.

Commenting on the performance, Baba Kalyani, Chairman & Managing Director, Bharat Forge Limited, said: “Despite demand challenges and regulatory volatility, Bharat Forge delivered a resilient performance in FY26, supported by strong execution across businesses and improving export demand in the second half of the year. The company secured new orders worth Rs 4,814 Crore in FY26, including Rs 2,816 crore in Defence. The order book for Defence stood at Rs 10,961 crores as of FY26. The order wins across businesses reflect a resurgence in business momentum, including in aerospace, with the onboarding of new customers across Engine, Structural, and Landing Gear components.

On the Indian subsidiaries front, JS Autocast registered topline of Rs 757 Crore and EBITDA of Rs 106 Crore (14.3% EBITDA margin) in FY26. K-Drive mobility is making significant progress in its effort to reorient its product portfolio with new order wins beyond M&HCVs, including 4 EV platforms for LCVs. The Rs 450 Crores impairment during the quarter of our investments in KPTL (E-mobility division) is an acceptance of the need to take a fresh look at how we address the EV opportunity, as the EV adoption globally has changed significantly. The US & European operations reported modest operating profits despite weak demand. We have initiated the restructuring of the steel business of CDP Bharat Forge, and we expect this process to conclude by the end of CY27. The management is pursuing various alternative business opportunities in Europe to leverage its scaled-down manufacturing footprint.

Looking ahead into FY27, barring any geopolitical crisis and its impact on demand, we are optimistic of achieving 25% revenue growth with a commensurate increase in EBITDA & profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.”

Bharat Forge continues to focus on diversified growth opportunities across automotive, defence, aerospace, renewable energy, oil & gas, marine, rail, and industrial sectors.

The post Bharat Forge Achieves Strong Sequential Recovery in Q4 FY26: A Positive Outlook for FY27 appeared first on NRI News.

PUNE: NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q4 FY26 and FY26 today.  

Performance overview:

• FY 26 Revenues, EBITDA, and PAT
  • Stood at USD 724.8mn; $ Revenue growth of 4.8%; CC revenue growth of 1.3%FY26 EBITDA stood at 20.8%, growing at 9.4% over FY25 EBITDARevenue from OEMs grew 9%Growth led by Connected Vehicle, After Sales, Virtual Engineering, and Propulsion domains
  • Pivot towards the domain, and AI-led Products & Solutions for long-term value capture
• Q4 FY26 Revenues, EBITDA, and PAT
  • Revenues of 185 MN with ₹ YoY Growth of 12.0%, ₹ QoQ growth of 5.8%Q4 EBITDA margins at 20.6%
  • Growth led by the Off-Highway segment & the Connected Vehicle domain
• TCV of new engagements won during Q4FY26: $349 million | Includes 2 Large strategic engagements | Products & Solutions contributing ~21% to overall pipeline

Strategic Engagements:

• Strategic long‑term partnership with a Global Off‑Highway Equipment & Machinery Leader in excess of USD 50M focused on large‑scale, software‑defined transformation of next‑generation machine platforms

• Strategic partnerships with a leading Japanese Tier 1 with a focus on next‑generation digital cockpit programs for multiple global OEMs

Commenting on the performance of FY26

Kishor Patil, Co-founder, CEO, and MD, KPIT, said,  “The Trade and Geopolitical uncertainties impacted the mobility industry last year, hindering their investment in new platforms. The situation has improved as we begin FY27 with enough growth headroom available in automotive software, as evidenced by the decent wins this quarter. AI is now core to Automotive Engineering and favors domain-focused players since Automotive AI must meet safety and regulatory standards. KPIT Mobility Intelligence Product (Beacon) is in pole position, corroborated by enhanced interest from major OEMs. KPIT pivots towards domain and AI-led Products & Solutions, which is layered on delivery to improve long-term value capture for our clients, as demonstrated by recent wins. KPIT transformation is exciting, and we are confident of improved performance in the years to come.”

Sachin Tikekar, President and Joint MD, KPIT, said, “OEMs are under immense pressure to swiftly introduce new products and features to maintain their competitive edge. Simultaneously, they face relentless cost constraints. Given our robust relationship with them, we’re actively deploying our products and AI-infused solutions to assist them in effectively reducing their time to market, thereby enhancing our market share. We’ve initiated engagements with several OEMs in the trucks and off-highway sectors. Our current role involves guiding them on their journey towards AI-defined machines. We’ve meticulously crafted a nuanced strategy to expand our business presence in key markets such as India, China, and Southeast Asia. We anticipate the off-highway and micromobility segments, along with the automotive industry, will be pivotal drivers of our growth.”

The post KPIT Results Q4FY26: Achieving 12% Year-on-Year Growth and Notable Deal Wins appeared first on NRI News.

The session will bring together government officials, financial institutions, export credit agencies, investors, and development partners to discuss how risk mitigation solutions can mobilize private capital, strengthen regional integration, and support sustainable growth across Azerbaijan and the wider OIC region.

With Azerbaijan’s strategic location between Europe and Asia, and its growing role in connectivity, logistics, renewable energy, infrastructure, and non-oil economic diversification, the HLPD will highlight practical opportunities for de-risked investment and cross-border cooperation. The discussion will also showcase how ICIEC’s Shariah-compliant political risk insurance and credit enhancement solutions can help address investment barriers, enhance investor confidence, and unlock financing for priority development projects.

ICIEC’s CEO, Dr. Khalid Khalafalla, stated, “This high-level panel discussion is an important platform to advance dialogue and partnerships around regional integration. Through its risk mitigation solutions, ICIEC helps turn investment opportunities into bankable projects that support trade, investment, and sustainable development across Member States.”

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PUNE: Kirloskar Pneumatic Company Ltd (KPCL) (BSE: 505283, NSE: KIRLPNU), a prominent player in the air, Refrigeration & Gas Compression business in India, announced today its audited financial results for FY26.

Commenting on the results, Aman Kirloskar, Managing Director, KPCL, said, “We have delivered another strong year of financial performance, building on the solid foundation established over the past several years. Despite uncertainties in the current environment, we remain confident in sustaining our growth momentum into the upcoming financial year.”

In line with the dividend policy of the company, the Board of Directors has proposed a total dividend of 600% for the fiscal year. This includes a recommendation of a final dividend 425%, which is Rs. 8.50 per share, subject to approval by shareholders, in addition to the interim dividend @ 175% is Rs. 3.50 per share. This distribution represents the highest dividend payout in the Company’s history.

The board of directors has approved the subdivision of equity shares of face value of Rs. 2 into shares of face value of Rs. 1, subject to approval by shareholders.

Order book stood around Rs. 1,863 Cr as on 1^st April 26, which is 15% higher than at the beginning of the year. (Rs. 1,624 Cr as on 1^st April 2025). The Company recorded its highest-ever order inflow, surpassing ₹2,000 Cr in FY26.

The compression business continues to be around 93.4% of the Company’s revenue and remains the only reporting segment.

The company has filed a record 57 IPs during the year. This brings our total to 128 IPs as of March 31, 2026.

Review of Standalone Q4-FY26 Financial Performance:

• Revenue from operations of Rs. 706 Cr for Q4-FY26 as against Rs. 583 Cr for Q4 FY25; 21% growth Y-o-Y
• Total Income of Rs. 712 Cr for Q4-FY26 as against Rs. 588 Cr for Q4-FY25
• EBITDA for Q4-FY26 at 27% (Rs. 192 Cr) as against 19.2% (Rs. 115 Cr) for Q4-FY25
• PBT for Q4-FY26 at Rs. 184 Cr as against Rs. 109 Cr for Q4-FY25; 79% increase Y-o-Y
• PAT for Q4-FY26 at Rs. 144 Cr as against Rs. 81 Cr for Q4-FY25; 78% increase Y-o-Y
• Basic EPS for Q4-FY25 at Rs. 22.17 per share against Rs. 12.44 per share in Q4-FY25

Review of Standalone FY26 Financial Performance:

• Revenue from operations was at Rs. 1,759 Cr in FY26 as against Rs. 1,629 Cr in FY25, witnessing a growth of about 8%
• Consequently, total Income stood at Rs. 1,786 Cr as against Rs. 1,651 Cr in FY25
• The EBITDA margin at 21.7% of total income, compared to 19 % in FY25
• Profit Before Tax (PBT) reached Rs. 356 Cr, constituting 20.0% of the total income. This is a significant increase from FY25’s Rs. 284 Cr, which was 17% of the total income. This represents robust growth of 25% compared to the previous year
• Profit after tax stood at Rs. 258 Cr as against Rs. 211 Cr in FY25
• Basic EPS in CY improved to Rs. 39.80 per share compared to Rs. 32.56 per share in PY

Review of Consolidated Q4-FY26 Financial Performance:

• Revenue from operations of Rs. 712 Cr for Q4-FY26 as against Rs. 592 Cr for Q4 FY25; 20% growth Y-o-Y
• Total Income of Rs. 718 Cr for Q4-FY26 as against Rs. 597 Cr for Q4-FY25
• EBITDA for Q4-FY26 at 27.9% (Rs. 192 Cr) as against 19.3% (Rs. 115 Cr) for Q4-FY25
• PBT for Q4-FY26 at Rs. 183 Cr as against Rs. 108 Cr for Q4-FY25; 69% increase Y-o-Y
• PAT for Q4-FY26 at Rs. 144 Cr as against Rs. 80 Cr for Q4-FY25; 80% increase Y-o-Y
• Basic EPS for Q4-FY26 at Rs. 22.13 per share against Rs. 12.35 per share in Q4-FY25

The post KPCL announces the results for FY26 appeared first on NRI News.

Major Highlights:

1. Solar Projects
   Orders for solar pumps have been received from the Department of Horticulture, Rajasthan, Maharashtra State Electricity, Maharashtra Energy, MPUVNL, and DGVCL for 58 crores.
2. Refinery Project – Export (Algeria)
   An export order has been secured for the Hassi Massoud Refinery Project, Algeria.
3. Pumps Export (UAE)
   A major order in the water segment has been received from KSB Pumps Arabia.
4. Specialized Service Order – Cavern Application
   A breakthrough service order has been received for a customized solution for a cavern application (LPG).
5. Power Plant Project
   A key order was received for a power plant based in Chhattisgarh.

Business Highlights (All amounts in INR Crores)                                                       

Summarizing the business highlights, Mr. Prashant Kumar, Vice President – Sales and Marketing, KSB Limited, said, “This year, we have delivered a strong sales performance, registering a 6.42% YoY growth, driven by disciplined execution and strategic market focus. We have seen robust traction across Solar, Building Services, Energy, and WWW segments, strengthening our leadership position in core markets.

Key order wins across Solar, Oil & Gas, Power, and specialized service applications demonstrate our competitive strength. Our export momentum continues with significant project orders reinforcing our expanding global footprint.

With a balanced portfolio, strong standard business foundation, and growing export presence, we are well-positioned to sustain growth and outperform market volatility in the coming quarters.”

Mahesh Bhave, Chief Financial Officer at KSB Limited, commented:

“We are pleased to report a stable and consistent financial performance for FY 2025, achieving growth in both revenue and profit, despite the volatile geopolitical situation. The Board has recommended an increase in the dividend over last year, which reflects robust profitability commitment and continued value creation for investors.”

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Mom’s Belief ranks first in India by number of centres providing intervention plans for children with neurodevelopmental disorders (NDDs) and is the seventh largest globally in its domain, based on the number of centres. The Company had earlier undertaken a confidential filing of its pre-filed draft red herring prospectus with SEBI in October 2025. Pursuant to the observations received from SEBI and the Stock Exchanges (BSE and NSE) earlier, the Company has transitioned to the public filing phase with the submission of the UDRHP-I.

The IPO comprises a Fresh Issue of up to 60 lakh equity shares of face value ₹10 each. The Company, in consultation with the Book Running Lead Manager (BRLM), may consider a Pre-IPO Placement of up to 20% of the Issue size before filing the Red Herring Prospectus with the Registrar of Companies (RoC).

Mom’s Belief provides multidisciplinary, evidence-based intervention plans for children aged 18 months to 15 years diagnosed with neurodevelopmental disorders such as Autism and Dyslexia.

As of September 30, 2025, the Company operates 136 centres across 57 cities in 20 states and union territories in India, including 43 centres in Tier 1, 76 centres in Tier 2, and 17 centres in Tier 3 cities. The Company has also expanded internationally through the acquisition of Mom’s Belief US, Inc., adding three centres in the United States.

The Company’s “Parent-as-a-Co-Therapist” model integrates therapy into the child’s home environment and emphasizes structured parental involvement. To date, Mom’s Belief has served over 56,500 children. The Company has reported a Pro Forma Revenue CAGR of 81.8% between Fiscal 2023 and Fiscal 2025.

The Net Proceeds from the Fresh Issue are proposed to be utilized towards capital expenditure of ₹576.20 million for the establishment of new centres, including Company Learning Centres, School Collaboration Centres, Centres for Excellence and Research, and Upskilling Academies, along with associated technology costs. An amount of ₹144.45 million is proposed to be used towards lease payments for existing centres in India, while ₹101.31 million is proposed to be invested in its U.S. subsidiary, Mom’s Belief US, Inc., towards lease and license payments for centres in the United States. Further, ₹102.08 million is proposed to be allocated towards brand awareness and inclusive outreach programmes. The balance of the Net Proceeds will be utilized towards funding inorganic growth through unidentified acquisitions and for general corporate purposes.

Mom’s Belief had earlier raised USD 685,000 from The LEGO Foundation to support initiatives aimed at empowering families of neurodivergent children.

Mefcom Capital Markets Limited is the sole Book Running Lead Manager to the Issue, and Link Intime India Private Limited is the Registrar to the Issue. The Equity Shares are proposed to be listed on the Main Board of BSE and NSE.

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PUNE: Bharti Airtel, one of India’s leading telecommunications service providers, today announced major plans for its Non-Banking Financial Company (NBFC), Airtel Money Limited, underscoring its commitment to narrow the credit gap in India.

The NBFC subsidiary will be capitalised with Rs 20,000 crore to be injected over the next few years. Airtel will contribute 70% with the promoter group via Bharti Enterprises Limited. bringing the balance 30%.

With strong digital assets, a large data and analytics engine powered by 500+ data scientists, and deep operational expertise, Airtel aims to rapidly expand access to simple, secure, and innovative digital financial services across India.  

Airtel has built a high‑performance credit engine over the last two years, powered by its digital platform and deeply integrated channels, resulting in one of India’s strongest lending service providers (LSP) models. 

The platform has already achieved hyperscale adoption with over ₹9,000 crore in disbursements – supported by best‑in‑class delinquency outcomes, driven by robust underwriting models, disciplined portfolio management, and real‑time risk monitoring.

“The success of our LSP platform over the past two years is proof of our ability to combine technology, data, and customer trust to deliver impact at a national scale. We have built one of India’s most trusted and scalable digital credit engines—reaching millions with high‑quality credit supported by industry‑best performance metrics,” said Gopal Vittal, Executive Vice Chairman, Bharti Airtel. “Our NBFC expansion strengthens this foundation and reflects our ambition to build a differentiated, future‑ready digital lending business – one that stands for trust, innovation, and financial inclusion.”

Airtel Money received its NBFC license from the Reserve Bank of India (RBI) on February 13, 2026.

This strategic expansion in India’s fast-growing financial services sector underscores Airtel’s commitment to deepening financial inclusion and empowering underserved consumers. Formal credit to GDP ratio in India is at 53%, according to Care Edge Ratings, and highlights the scope for lending in the country. 

The expansion is also a natural adjacency that will leverage the large Airtel customer base to build the next growth engine for the company and further diversify its portfolio.

The disbursement journey of the NBFC will be seamlessly integrated with the LSP platform, while maintaining clear operational segregation between the two, giving the customer a best-in-class experience. By combining technology, data, and customer understanding at scale, Airtel aims to set a new benchmark for digital financial services in India.

The company is also submitting the following disclaimer/statement, as advised by the RBI to Airtel Money Limited, while granting the Certificate:

“The Company is having a valid Certificate of Registration dated 13/02/2026 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for the repayment of deposits/discharge of liabilities by the company.” 

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PUNE: Angel One Asset Management Company Limited, a wholly owned subsidiary of Angel One Limited, announced the launch of Angel One Silver ETF and Angel One Silver ETF FOF. The New Fund Offers (NFOs) are open for subscription from 09th February 2026 and close on 19th February 2026 for the ETF, while the FOF will remain open until 23rd February 2026.

Both schemes offer exposure to silver by tracking domestic prices, providing investors with price transparency and ease of investing. The ETF will allow investors to invest through NSE on an ongoing basis, while the FoF will enable participation even without a demat account.

Silver is gaining prominence due to its dual role as a precious metal and industrial commodity, with rising demand from solar energy, electric vehicles, and data centres, alongside supply constraints, supporting strong investor interest. Reflecting this trend, AMFI data shows that Silver ETF AUM in India crossed ₹72000 crores in December 2025. Over the last 10-year period ended 31st January 2026, Silver (INR) delivered a CAGR of 25.8%, reinforcing its potential for portfolio diversification and inflation-hedging benefits.

Speaking on the launch, Hemen Bhatia, Executive Director & CEO, Angel One AMC, said, “Silver is no longer just a precious metal; it is emerging as a strategically important asset in the modern global economy. Its growing role across next-generation industries and critical technologies is creating sustained structural demand, making silver a compelling long-term investment. As investors adapt their portfolios to a rapidly evolving world, exposure to silver is becoming increasingly relevant for diversification and resilience. Through our Silver ETF and Silver FOF, we aim to provide a simple, transparent, and cost-efficient way for investors to participate in the long-term potential of this dynamic asset class.”

Key Features

• During the NFO, the Angel One Silver ETF will allow investment with a minimum application of Rs. 1,000 and in multiples of Re. 1 thereafter. Post listing on NSE, the units will be traded on the NSE, providing liquidity and real-time price discovery. The scheme eliminates the operational challenges of holding physical silver, such as storage, purity verification, and making charges, while also offering the potential for margin usage subject to exchange norms.
• The Angel One Silver ETF FOF is structured as a FOF scheme that will invest in units of the Angel One Silver ETF, enabling investors to access silver without requiring a demat account. The minimum application amount is Rs. 500, with flexible systematic investment plan (SIP) options starting at Rs. 250 for daily contributions and Rs. 500 for weekly, fortnightly, and monthly frequencies, while quarterly SIPs start at Rs. 1,500.
• Together, the schemes provide a convenient, cost-efficient route to gain silver exposure with no exit load, suitable for investors seeking portfolio diversification. For Angel One AMC, the launch marks its entry into the silver investment category, expanding its passive product portfolio alongside the Gold ETF and Gold FOF, and strengthening its position in ETFs across equity, debt, and commodity asset classes.

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PUNE: Kirloskar Industries Ltd (KIL) (BSE: 500243; NSE: KIRLOSIND), announced today its financial results for the third quarter and nine months of the financial year ending March 31, 2026.

Commenting on the Q3 results, George Verghese, Managing Director, KIL, said, “Q3 reflects a stable and satisfactory performance for KIL, supported by steady contributions from our subsidiaries. KFIL demonstrated resilience by delivering improved margins despite softer realizations in the Pig Iron and Steel segments. Avante is making encouraging progress on its second commercial project. Going forward, we remain confident in our ability to drive growth across both standalone and consolidated businesses by leveraging our strong operational capabilities and sectoral expertise.”

Review of Q3 & YTD 2025-26 Financial Performance (Standalone):

• Total Income at INR 15 Cr for Q3 FY26 vs INR 14 Cr for Q3 FY25; 7% increase Y-o-Y
• PAT* at INR 6 Cr for Q3 FY26 vs INR 7 Cr for Q3 FY25; 10% decrease Y-o-Y
• Total Income at INR 85 Cr for YTD FY26 vs INR 80 Cr for YTD FY25; 6% increase Y-o-Y
• PAT* at INR 53 Cr for YTD FY26 vs INR 47 Cr for YTD FY25; 13%increase Y-o-Y

Review of Q3 & YTD FY 2025-26 Financial Performance (Consolidated):

• Total Income at INR 1,632 Cr for Q3 FY26 vs INR 1,626 Cr for Q2 FY25; at same level Y-o-Y
• PAT* at INR 49 Cr for Q3 FY26 vs INR 53 Cr for Q3 FY25;7% decrease Y-o-Y
• Total Income at INR 5,138 Cr for YTD FY26 vs INR 4,903 Cr for YTD FY25; 5% increase Y-o-Y
• PAT* at INR 242 Cr for YTD FY26 vs INR 211 Cr for YTD FY25; 15% increase Y-o-Y

*PAT is before Other Comprehensive Income for continuing operations            

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Fraudsters exploit the urgency often associated with OTPs for day-to-day services like delivery, and dupe customers into sharing banking-transaction-OTPs, thereby exposing their account savings to the risk of fraud. 

Airtel’s new AI-powered system identifies such potentially risky situations and warns the customers involved. Whenever a bank OTP is detected during a potentially risky incoming call, Airtel intervenes with a fraud alert check to the customer about the potential risk of giving consent for a banking transaction OTP to be delivered while they are still on the call. This powerful combination of AI-driven intelligence and human judgment gives customers the crucial time they need to think, verify, and stay firmly in control of their security, effectively closing the gap scammers exploit.

Commenting on the initiative, Shashwat Sharma, Managing Director & CEO, Airtel,  India, said, “We are on a mission to make Airtel the safe network. While working towards this, we have realised that despite the foundational role played by One-Time Passwords (OTPs) in securing digital transactions, their efficacy is frequently being undermined by criminal tactics. We are, therefore, pleased to announce a significant advancement in Airtel’s network layer that is designed to strengthen protection against banking fraud. 

Our newly developed, AI-powered, autonomous solution operates proactively at the network level and is engineered to detect and intervene against fraudulent activity in real-time. Extensive trials have demonstrated a remarkable level of accuracy and impact in preventing the menace of such scams.”

Over the past two years, Airtel has rolled out AI-powered, tech-led safeguards like spam-call warnings and malicious link-blocking to stop fraud at the source. While it has succeeded in its efforts to reduce fraud on its network to a great extent, fraudsters have continued to exploit human vulnerabilities through impersonation and social engineering. This breakthrough feature, designed to protect mobile phone users, is yet another step to protect its customers from digital fraud.

This solution is already live in Haryana, and Airtel will roll it out to 100% of its customers over the next two weeks.

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