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.

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PUNE: Bharat Forge Ltd., a global leader in engineering and manufacturing, today announced its unaudited financial results for the first quarter ended June 30, 2025 (Q1 FY26). The company navigated challenging export market conditions, delivering resilient performance driven by strong domestic demand and strategic order wins.

Key Highlights (Standalone Q1 FY26)

• Revenue: ₹2,105 crores, decline 2.7% QoQ
• EBITDA: ₹588 crores with a margin of 27.9%
• PBT (before exceptional items): ₹465 crores
• PAT: ₹339 crores
• New orders secured: ₹847 crores, including ₹269 crores in Defence
• Defence order book: ₹9,463 crores

Consolidated Financial Performance

• Revenue: ₹3,909 crores
• EBITDA: ₹682 crores, margin of 17.5%
• PBT (before exceptional items): ₹423 crores

Chairman and Managing Director Mr. Baba Kalyani shared:

“During the quarter, the company secured new orders worth Rs 847 Crores, including Rs 269 Crores in Defence. As of Q1FY26, the defence order book stood at Rs 9,463 Crores. For the defence vertical, based on the projects/platforms we have participated in, we expect to secure new orders in this fiscal year, generating more revenue visibility for future years.

The US & European operations witnessed meaningful improvement in financial performance in the Apr–Jun quarter and are generating cash profit. Review of the European steel manufacturing footprint is on track, and we expect to have concrete steps in place by the end of this year.

Given the recent tariff announcement by the US government and changes to emission regulations in North America, we are cautious on the outlook for the US export business for the remainder of the fiscal year. FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure. Our focus is on capturing opportunities in businesses & geographies which are relatively unaffected and work simultaneously on cost optimization to minimize the impact of operating deleverage.”

Business Segment Overview

• Domestic Business: Passenger Vehicle and Industrial segments performed strongly; defence execution remained robust.
• Exports: Declined 12.7% QoQ; North America impacted by emission norm rollback and policy flux; Europe showed early signs of recovery. CV exports to Europe saw some revival post the lows seen last year.
• International Operations: Both US and European businesses showed improved EBITDA; aluminium operations improved execution; European steel footprint review ongoing.

Despite headwinds from tariffs and regulatory uncertainties in key export markets, Bharat Forge continues to strengthen its position through targeted diversification and operational efficiency. Defence remains a strong growth vector, and our global operations have begun generating cash profits.

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Performance of Tata AIA Funds:

*Data as of May 30, 2025. Past performance is not indicative of future performance.

Fund Benchmark: Multi Cap Fund, India Consumption Fund, Top 200 Fund: S&P BSE 200.                                            

Inception Dates: Top 200 Fund: 12 Jan 2009, Multi Cap Fund: 05 Oct 2015, India Consumption Fund: 05 Oct 2015.

Tata AIA has established its expertise in investment-linked plans, consistently delivering benchmark-beating fund performance. An impressive 99.93% of the company’s assets under management (AUM) are rated 4 or 5 stars by Morningstar,  a globally recognised rating agency, on a 5-year basis. In contrast, the average for the private life insurance industry is only 29%.

Performance of TATA AIA’s Recent NFOs as of 30 May 2025:

Tata AIA’s offerings provide policyholders with access to high-growth equity opportunities, backed by robust life and health insurance benefits. The funds focus on high-performing stocks, offering a balance of risk and return across all market caps.

Harshad Patil, Chief Investment Officer (CIO) of Tata AIA, said, “In alignment with Tata AIA Life’s investment goal, we aim to provide best-in-class, consistent, and risk-adjusted returns over the long term. Through a well-established research methodology, we employ a bottom-up approach to selecting stocks. This strategy has enabled us to achieve impressive performance across our portfolio.”

With a steadfast focus on policyholder benefits, Tata AIA Life Insurance continues to lead by delivering consistent, benchmark-beating returns and redefining life insurance through its integrated ULIP offerings.

As of 31^st May 2025, Tata AIA has grown its Assets Under Management (AUM) significantly to INR 130,053 Crores, translating to 27.08% YoY growth. This has been possible due to robust Individual New Business Premium income and exceptional investment performance.

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MUMBAI: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on Consumer and MSME lending, today announced the deployment of AI-powered solutions in its marketing and compliance functions, reshaping the way it engages with customers digitally and responds to regulatory requirements with greater agility.

As part of its marketing transformation, PFL is developing a suite of AI-powered solutions to build a robust and scalable data-driven ecosystem, redefining customer engagement and marketing strategies. These solutions aim to enhance customer targeting precision, optimize acquisition costs, and deliver personalized experiences, driving efficiency and growth.

PFL has deployed an AI-driven customer targeting solution to identify and engage high-quality borrowers with precision. Through an AI-driven tool, the company has created over 100 cohorts and personas, continuously enhancing them with each iteration to sharpen its focus on attracting high-quality borrowers across various digital platforms. This targeted approach has strengthened performance marketing efforts and enhanced organic conversion efficiencies, driving better engagement and sustainable growth.

To drive efficiency at scale, PFL is using AI for performance marketing optimization and has launched 80-100 automated retargeting campaigns across its web and app platforms. By using real-time data and insights, the company is developing multiple communication strategies tailored to specific customers, locations, languages, and other factors.

PFL has undertaken a website transformation, revamping its digital presence to offer seamless experiences. New features such as a self-serve customer portal, QR-code-based referral journeys, and credit score checks provide customers with greater control and convenience. In phase 2, the company plans to introduce 24-hour support powered by conversational-AI and integrate a multilingual interface with 5 new languages for broader inclusivity. Additionally, the company will leverage Gen AI based content creation platforms to support a 10X increase in generating high impact customized content for customer engagement across website and app.

Simultaneously, the company has unveiled an AI-powered compliance solution built fully in-house to modernize its regulatory response infrastructure. The solution analyzes new advisories issued by the Reserve Bank of India (RBI), maps them to internal company policies, and identifies areas requiring immediate action. It works by scanning regulatory inputs, flagging impacted policy clauses, and offering actionable recommendations to the compliance and business functions for swift closure. In the initial phase, PFL will combine human review of full documents with AI-generated output to ensure accuracy and quality.

In its next phase, the compliance AI platform will be able to auto-generate comprehensive compliance notes — a process that previously took two to three days. The system is designed to work in tandem with the compliance team, providing insights and recommendations while ensuring human oversight and control at every stage.

Commenting on the developments, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said, “At Poonawalla Fincorp, we view AI as a catalyst for responsible innovation. We aim to develop an accurate, future-ready model that delivers unbiased and consistent output. We are anticipating customer needs and moving with agility in a fast-changing environment. This is not just digital transformation—we are making a deliberate effort to strengthen our marketing and compliance functions by combining predictive technology with human oversight. We have laid the foundation for future-ready models with human oversight to increase speed and transparency.”

PFL’s dual-track investment in front-end personalization and back-end governance reaffirms its commitment to becoming a future-ready lender that delivers both experience and integrity at scale. The company has already deployed AI-powered solutions across key functions, including debt management, HR, underwriting, audit, and governance.

Through its risk-first approach, PFL continues to focus on simplifying lending, creating customer delight, and enhancing experiences, which remain its top priorities.

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Spanning two action-packed nights, the event will feature 20 thrilling bouts and 40 top-tier athletes, delivering an unforgettable experience for combat sports enthusiasts. Spectators can expect technical mastery, powerful knockouts, and intense competition as fighters go head-to-head in pursuit of victory.

Beyond the fights, attendees will be treated to an immersive entertainment experience, featuring live performances by renowned Pune-based DJ RAOS, the exclusive Pune debut of Madwater beers on tap, and a specially curated gourmet dining experience.

This landmark event invites Punekars to be part of the action at KOPA Mall for a nominal entry fee, promising an electrifying atmosphere, an adrenaline rush, and memories to last a lifetime.

Location: KOPA Mall

Dates: March 22 & 23, 2025

Timings: 6 PM to 10 PM 

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The performance summary provided by Sunteck Realty Ltd further highlights the positive trend, with pre-sales and collections figures for Q1 FY25 surpassing those of the previous quarter and the entire fiscal year 2024. Sunteck Realty Ltd emphasized that the disclosed numbers are provisional and subject to change.

Sunteck Realty Ltd’s strong operational performance in Q1 FY25 signals a promising start to the financial year, indicating potential growth and stability in the coming months. Investors and stakeholders are likely to view these results positively, as Sunteck Realty Ltd continues to demonstrate resilience and efficiency in its operations.

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The ISCS segment continued to deliver double-digit growth, consistent with its performance in the earlier quarter. Q2 revenue grew 13.5% YoY to INR 1,269.5 Cr, driven by expansion in existing customer engagements and revenues from new business development across India, the UK, and Europe. New business wins in Q2 FY24 included a contract with a large Indian IT services provider, an industrial manufacturing company in India, a consumer goods business in the UK, and a shipbuilding company in India. Strong execution delivered healthy margins with Q2 Adj. EBITDA margins expanding 240 bps YoY to 10.2%.

The Network Solutions (NS) segment showed the resumption of growth as revenue grew 2.4% sequentially over Q1 FY24. This was driven by growth in the Integrated Final Mile (IFM) business and sequential volume improvements in the Global Forwarding Solutions (GFS) business. In the IFM business, the implementation of pricing, cost containment, and operational efficiency initiatives has started delivering early margin improvement. The discontinuation and sale of Circle Express by the IFM business was an important strategic intervention in this regard. This sale is expected to drive a larger focus on the core business and margin expansion in the forthcoming quarters.

The NS Segment Adj. EBITDA margins expanded 30 bps QoQ to 4.9% on the back of revenue growth and benefits of operational initiatives & cost management. On a half-yearly basis, the overhang of the low freight rates continued to impact the NS Segment with revenues 36.3% lower YoY from INR 3,083.0 Cr in H1 FY23 to INR 1,963.5 Cr in H1 FY24.

Commenting on the performance, Mr. Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd. said, “We continue to see robust demand for supply chain solutions across industry sectors and geographies. Our new opportunity pipeline is strong, and we expect new business to continue to deliver. We are confident that our global presence, diversified revenue base, and operational excellence will drive performance.“

Commenting on the performance, Mr. Ravi Prakash Bhagavathula, Global CFO, of TVS Supply Chain Solutions Ltd. said, “We continue to focus on profitable growth and are implementing specific actions aimed at operational improvements. In Q2, we exited Circle Express, one of our businesses in the NS Segment, which will strengthen our focus on our core capabilities and also have a positive impact on profitability. The Adj. EBITDA margin expansion in the NS segment is an early outcome of these actions. We have utilized the proceeds from the IPO to reduce our borrowings as a result of which our interest costs were reduced in Q2, the full benefit of which will start flowing through starting Q3.”

TVS Supply Chain Solutions Limited is an India-based multinational company that pioneered the development of the supply chain solutions market in India. For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. The company’s customers span numerous industries such as automotive, industrial, consumer, tech, and tech infra, rail and utilities, and healthcare.

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