FY 2025 –2026

• Total Revenue for FY 2026 increased by 26% to Rs. 953 Cr from Rs. 755 Cr in FY 2025.
• Revenue from operations increased by 31% to INR 925 Cr in FY 2026 from INR 708 Cr in FY 2025
• EBITDA grew by 35% to INR 371 Cr in FY2026 from INR 275 Cr in FY2025
• PBT for FY2026 grew by 23% to INR 364 Cr from INR 295 Cr in FY2025
• Profit after Tax for FY2026 was Rs. 271 Cr from Rs. 222 Cr in FY2025, marking 22% growth.

Q4 FY 2026 in comparison to Q3

• Total Revenue for Q4 FY 2026 increased by 96% to Rs. 351 Cr from Rs. 179 Cr in Q3.
• Revenue from operations increased by 99% to INR 345 Cr in Q4 FY 2026 from INR 173 Cr in Q3 of FY2026
• EBITDA grew by 149% to INR 193 Cr in Q4 FY2026 from INR 78 Cr in Q3 FY2026
• PBT for Q4 FY2026 grew by 150% to INR 188 Cr from INR 75 Cr in Q3 FY2026
• Profit after Tax for Q4 FY2026 grew by 137% to Rs. 138 Cr from Rs. 58 Cr in Q3 FY2026.

Q4 FY 2026 in comparison to Q4 FY 2025

• Total Revenue for Q4 FY 2026 decreased by 14% to Rs. 351 Cr from Rs. 407 Cr in the corresponding quarter in FY 2025.
• Revenue from operations decreased by 13% to INR 345 Cr in Q4 FY 2026 from INR 396 Cr in Q4 of FY2025
• EBITDA for Q4 FY 2026 grew by 29% to INR 193 Cr from Rs. 150 Cr in Q4 FY2025
• PBT for Q4 FY2026 grew by 23% to Rs. 188 Cr from INR 153 Cr in Q4 FY2025
• Profit after Tax for Q4 FY2026 grew by 21% to Rs. 138 Cr from Rs. 114 Cr in Q4 FY2025.

The Board has recommended a final dividend of Rs. 10 per share (500% per equity share of Rs. 2 each), which is subject to approval by the shareholders in the ensuing AGM

ORDER BOOK

• The company has secured Rs. 1,121 Cr of orders during FY 2025-2026.
• Order book as on March 31, 2026 – Rs. 926.48 Cr
• Orders received during Q1 FY 2026-27 so far- Rs. 46.78 Cr
• Negotiation completed & yet to receive order – Rs. 1,090.00 Cr
• Including orders negotiated and converted into orders, the order book will be Rs. 2061.79 Cr
• The order book as of April 01, 2025, was Rs. 730 Cr

From the CMD’s Desk “FY26 has been a landmark year for Data Patterns, marked by strong execution, robust order inflows, and continued capability expansion across strategic defence programs. Our order book stands at an all-time high of ~₹2,062 crores, the highest in the Company’s history, providing strong revenue visibility. With a healthy executable pipeline across radars, electronic warfare, and advanced defence electronics, we remain confident of sustaining our growth momentum going forward.”

The post Data Patterns 31% Revenue Growth Through Operational Excellence in FY 25-26 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.”

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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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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            

The post KIL Reports Strong Q3 FY 2026 Results appeared first on NRI News.

MUMBAI: NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q3 FY26.  

Performance overview:

• Q3 FY26 Revenues
  • Revenues of 181MN with ₹ YoY Growth of 9.4%, $ YoY Growth of 3.0%
  • QoQ ₹ growth of 1.9% and reported $ growth of 0.2%
  • Growth led by Off-Highway sub-vertical;  Powertrain, After-Sales, and  Diagnostics domains
• Q3 FY26 Profitability
  • EBITDA margin at 20.6% post absorbing partial wage hikes during the quarter
  • EBITDA growth of 6.8% YoY and flattish QoQ
  • EBIT at 15.6%
• Revenue Quality

• Fixed-price programs as a proportion of revenue continue to rise, enabling AI-infused solutions penetration
• Revenue per person has consistently improved
• Healthy Cash Generation continues – Net cash at ₹ 9.0 Bn as at quarter end

Leadership Strengthening:

• Mr. Anup Sable appointed as Chief Operating Officer
• Strengthened the Chief Technology Office team structure with homegrown leaders and group companies to strengthen solutioning abilities

Commenting on the performance of Q3 FY26

Kishor Patil, Co-founder, CEO, and MD, KPIT, said,

“Mobility is moving from software-defined to AI-defined, and we are making deliberate investments to stay ahead by reimagining the software lifecycle, improving quality and speed, and bringing AI-infused solutions to our clients. These solutions are now validated and are being implemented on production programs, portrayed by an increase in our fixed price contracts and per-person revenue. Mobilizing Change is our strategic direction for the next phase – shift from effort-led services to outcome-led solutions to increase the value we deliver and the value we capture. As OEMs push for faster time-to-market, reliability, and cost efficiency, KPIT is positioned to fortify its leadership and enable steady high-quality growth in the medium term.”

Sachin Tikekar, Co-founder and Joint MD, KPIT, said,

“We are seeing client partnerships deepen as OEMs look for trusted teams who can take stronger ownership and deliver end-to-end outcomes. We see increased traction in trucks and off-highway sub-verticals as we integrate Caresoft operations. Mobilizing Change is also a talent story, and we are building a solutioning mindset at scale with our home-grown leaders ascending, as well as select external leadership hiring. The market is shifting tectonically – new entrants, regulations, and AI-led disruption are rewriting the rules. Our clear intent is to move beyond ‘SDV’ to what the industry is becoming – ‘AI-defined Mobility’ and ensure our investments, practices, leadership, and delivery depth keep compounding our front-runner advantage.”

Other highlights of Q3 FY26

• KPIT Partners with HMC HIVE to Drive Innovation in Light Electric Vehicles. Mark’s foray into the micromobility segment

• KPIT reimagines the future of Mobility Software with Agentic AI Solutions on Microsoft AI Infrastructure. Microsoft features KPIT as a Frontier Firms in AI from India and Southeast Asia

The post KPIT Achieves 22nd Consecutive Growth Quarter in Q3FY26 appeared first on NRI News.

PUNE: Emcure Pharmaceuticals (BSE:544210, NSE: EMCURE) today announced its consolidated financial results for the quarter ended September 30^th, 2025.

The quarter saw strong performance from both Domestic and International businesses.

Domestic business grew 10.6% led by strong performance across all our key therapies and aided by new initiatives. Domestic business remains a key focus, and we continue to enhance our product portfolio and strengthen the team for the business. We recently announced a strategic partnership with Novo Nordisk to launch Poviztra®, a biological injectable semaglutide, in India. As part of the agreement, Emcure will be the exclusive distributor responsible for the commercialization and promotion of Poviztra. Poviztra® is indicated for chronic weight management and reduction in the risk of major adverse cardiovascular events in individuals with overweight or obesity. During the quarter, we also completed the acquisition of the minority stake in our Zuventus subsidiary.

International business continues to see strong performance and has grown 16%. Europe saw strong growth of 23% led by new launches and aided by the Manx ramp-up. Canada continues to see robust growth and grew 18%. The rest of the World business saw sustained momentum, led by non-ARV business.

Commenting on the results, Satish Mehta, CEO and Managing Director, Emcure Pharmaceuticals Ltd., said, “Q2 saw strong performance across all our businesses. We continue to augment our portfolio in all our focus markets through in-licensing and in-house developments. Novo Nordisk partnership positions us well in the fast-growing obesity segment and gives us an early entry, enabling us to shape the market. We remained focused on delivering strong growth along with margin improvement in all our key businesses.”

Revenue break-up:

Contd.

Performance Summary (Consolidated)

The post Emcure Pharmaceuticals Achieves Impressive Q2FY26 Results: 13% Revenue Growth and 25% Profit After Tax Surge appeared first on NRI News.

Key Highlights – Q2 FY26 (Standalone)

• Revenue: ₹1,947 crore, down 7.5% QoQ, impacted by a slowdown in North American Commercial Vehicle (CV) demand.
• EBITDA: ₹545 crore; EBITDA margin at 28%, up 10 bps QoQ, driven by a favorable product mix.
• PBT (before exceptional items): ₹432 crore, down 7.2% QoQ due to weaker export volumes.
• PAT: ₹310 crore compared to ₹339 crore in Q1 FY26.

Consolidated Highlights – Q2 FY26

• Revenue: ₹4,032 crore, up from ₹3,909 crore in Q1 FY26, supported by strong performance in Indian manufacturing and defence segments.
• EBITDA: ₹715 crore; consolidated with a margin of 17.7%.
• PBT (before exceptional items): ₹445 crore.

Business Developments

• New Orders Secured (H1 FY26): ₹1,582 crore, including ₹559 crore in Defence.
• Defence Order Book (as of H1 FY26): ₹9,467 crore.
• Bharat Forge completed the transfer of all defence-dedicated assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to strengthen its focus on the defence segment.

Chairman and Managing Director Mr. Baba Kalyani shared:

“The quarterly performance was impacted by the sharp decline in the North American truck production and the resulting inventory destocking. Standalone Revenues declined by 7.5% sequentially to Rs 1,947 crores, impacted by a 16% drop in revenues to North America. CV exports to North America declined by  48% sequentially and 63% on a YoY basis. Because of the constant endeavor towards de-risking the business, the impact was minimized with EBITDA coming in at Rs 545 Crores (EBITDA margins of 28%) and PBT of Rs 432 crores.

Consolidated revenue & EBITDA in Q2 came in at Rs 4,032 Crore and Rs 715 crores respectively. The balance sheet remains robust with Cash of Rs 2,309 crores and ROCE (net) of 15.5%. Indian manufacturing, a key focus area and growth driver for the company, registered revenues of Rs 2,746 Crores and EBITDA of RS 676 crores.

The company secured new orders worth Rs 1,582 Crores, including Rs 559 crores in Defence in H1 FY26. As of H1FY26, the defence order book stood at Rs 9,467 crores.  We have transferred all the Defence-dedicated assets of Bharat Forge to our wholly owned subsidiary, KSSL. On the business front, we expect to conclude more order wins for platforms/ projects we have participated in.

The US & European operations saw weakness driven by seasonality and prevailing sentiments. Review of the European steel manufacturing footprint is on track, and we expect to have concrete measures in place by the end of this fiscal year. Given the challenging demand conditions in North America, we are witnessing exports into that region declining further in H2 FY26. However, we expect the industrial business across India, exports to non-US geographies, and ramp-up in defence business to more than offset the weakness in US exports. Our India manufacturing operations, focusing on capturing opportunities in Defence, Aerospace, Castings, and Aggregates across markets, continue to make steady progress in their journey.”

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PUNE: Force Motors Limited, India’s largest van manufacturer and a leading player in shared and specialized mobility solutions, today announced its financial results for the quarter ended September 30, 2025 (Q2 FY2025–26). The company reported its highest-ever Q2 and H1 performance, delivering record EBITDA and profit margins – a milestone in its growth journey that reaffirms the strength of its business fundamentals.

Key Financial Highlights: (Standalone) 

Operational Highlights:

• Strong sales momentum, with domestic volumes rising 16% in H1 FY26, driven by robust demand across the Urbania, Traveller, Gurkha (defence variants), Monobus, and Trax range
• The company also registered a 77% growth volume in exports in H1 FY26 compared to the corresponding period last year (Light Commercial Vehicles, Special Vehicles Division & Utility Vehicles)
• The company continues to maintain its zero-debt status, reaffirming its financial prudence and operational excellence
• The Traveller platform continues to maintain its segment leadership with market share exceeding 70%
• Strategic initiatives to enhance production efficiency, upgrade product offerings, and strengthen the nationwide dealer network have continued to deliver strong and sustainable results

Commenting on the performance, Prasan Firodia, Managing Director, Force Motors Limited, said, “This has been a landmark quarter for Force Motors, delivering the best-ever performance in our history, marking the highest-ever Q2 and H1 results in FY2025–26. Our performance reflects the strength of our product portfolio, operational excellence, and customer-centric approach.

As a segment creator and market leader, Force Motors has consistently shaped and expanded India’s shared mobility space through products and service offerings that anticipate & satisfy customer needs. This forward-looking approach, combined with robust demand across our key product lines- the Urbania, Traveller, Gurkha (Defence variants), Monobus, and Trax- has driven steady growth in both sales and profitability.

This historic milestone also reiterates the power of focus. By staying true to our core capabilities in the shared passenger mobility space, leveraging our strengths, and the trust our customers place coupled with our sharp execution, we at Force Motors have unlocked new opportunities and delivered such exceptional growth. Looking ahead, Force Motors remains committed to driving sustainable growth by deepening our focus on customer satisfaction and expanding in a calibrated manner our presence in international markets. We will continue to strengthen our product portfolio, manufacturing capabilities, and market reach as we build on this momentum and look forward to sustaining this growth in the quarters ahead,”.

The post Force Motors Achieves Record-Breaking Q2 and H1 Results appeared first on NRI News.

• Profit After Tax for Q2FY26 at INR 654 crore, up 18.3% YoY.
• Q2FY26 Operating Profit at INR 1296 crore, up 32.9% Y-o-Y and 31.8% Q-o-Q.
• NIM for Q2FY26 flat at 2.5% Q-o-Q, trending upwards 10 BPS Y-o-Y
• Non-Interest Income for Q2FY26 at INR 1,644 crore, up 16.9% Y-o-Y.
• RoA for Q2FY26 at 0.6% vs 0.5% in Q2FY25
• Net Advances at INR 2,50, 212 crores, up 6.4% Y-o-Y & 3.8% Q-o-Q
• Total deposits in Q2FY26 stood at INR 2,96,276 crore, growing 6.9% Y-o-Y and 7.4% Q-o-Q, driven by a 12.5% rise in CASA deposits, which improved the CASA ratio to 33.7%.

MUMBAI: YES BANK, India’s sixth-largest private sector bank, has announced its Q2FY26 results, reporting an 18.3% YoY increase in Profit after tax to INR 654 crore. The bank’s operating profit increased to INR 1,296 crore, marking a 32.9% YoY and 31.8% QoQ improvement.

The Net Interest Income (NII) for Q2 FY26 was ₹2,301 crore, up 4.6% YoY. The Net Interest Margin (NIM) for the quarter stood at 2.5%, up 10 bp Y-o-Y. Non-interest income for Q2FY26 stood at Rs 1,644 crore.

Operating Profit for Q2 FY26 increased significantly by 32.9% YoY and 31.8% QoQ to ₹1,296 crore. The Bank successfully reduced its Cost-to-income Ratio sequentially for the fifth consecutive quarter, reaching 67.1% in Q2 FY26. The Return on Assets (RoA) for Q2FY26 improved to 0.6%, up from 0.5% in Q1 FY26.

The balance sheet continued to show positive momentum. Total Deposits grew by 6.9% YoY and 7.4% QoQ to ₹2,96,276 crore. The CASA ratio witnessed a significant improvement, rising by 170 bps YoY and 90 bps QoQ to 33.7%. Net Advances registered a growth of 6.4% YoY and 3.8% QoQ to ₹2,50 212 crore.

Commenting on the results and financial performance, Prashant Kumar, Managing Director & CEO, YES BANK, said, “The Bank delivered strong performance across key operating metrics during Q2FY26. Deposit growth momentum sustained, with continued outperformance relative to the industry, particularly in CASA deposits. Disbursements recorded healthy sequential growth, supported by broad-based traction across segments, including around 20% Q-o-Q growth in the Retail segment. Asset quality further strengthened during the quarter, with a decline in fresh slippages and overdue balances as well as an improvement in Provision Coverage Ratio. Net Interest Margin was broadly stable, aided by lower RIDF balances and deposit rate actions/ repricing, which largely offset the impact of asset repricing. Core fee income witnessed healthy growth, led by forex, loan processing fees, and third-party distribution, while operating expenses were tightly controlled, resulting in healthy growth in core operating profitability. All these enabled the Bank to deliver an RoA of 0.7% for H1FY26, and we firmly remain on track to achieve the stated objective of 1% RoA by FY27.”

In Q2FY26,  SMBC became YES BANK’s largest shareholder with a 24.2% stake and nominated Rajeev Veeravalli Kannan and Mr. Shinichiro Nishino as Non-Executive & Non-Independent Directors. The bank’s credit rating has been upgraded to AA- by domestic agencies. It has opened 43 of the planned 80 branches for FY26.

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