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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The first phase of the project was met with extraordinary demand, recording a 3x oversubscription. The atmosphere at the venue was nothing short of electric. Families arrived with hope, anticipation, and excitement, eager to secure a home in what is already being called Pune’s most aspirational township. The overwhelming response reflects the growing aspiration for integrated, future-ready living spaces, the massive faith customers and investors have in the legacy of Hiranandani Communities, and the bold, innovation-driven vision of Krisala Developers.

With the stellar success of Phase 1, the developers have announced that the second phase of allotments will be opening soon.

Elated with the massive customer response, Dr. Niranjan Hiranandani, Chairman, Hiranandani Communities, said, “This is more than just a record; it is a reflection of the trust families and investors have placed in the Krisala-Hiranandani vision. The overwhelming response proves that Pune is ready for large-scale, integrated living on a par with global benchmarks. This township will not only redefine North Hinjawadi but also stand as one of the most iconic projects in India’s real estate story.”

Sagar Agarwal, Chairman & Managing Director, Krisala Developers, said, “The response we witnessed was overwhelming and deeply humbling. To create a national record with 1,100 homes sold in one day and ₹1,000 crore revenue generated is a proud moment not just for Krisala, but for every customer who chose to be a part of this journey. What stood out for me was the trust; people didn’t just see a home, they saw a future, an investment, and a dream worth holding on to. For those who could not be a part of Phase 1, we assure you that Phase 2 is around the corner, and you will be welcomed into this community with equal pride and care.”

The Krisala-Hiranandani Township spans 105 acres in North Hinjawadi and is designed as India’s first branded resort-style integrated township. Blending residential, commercial, healthcare, education, leisure, and hospitality, the development is poised to become one of the most aspirational addresses in India.

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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)

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The Company achieved pre-sales of INR 26.4 billion in Q1 FY26 versus INR 31.2 billion in Q1 FY25. Average sales realization improved significantly to INR 16,296 per sq. ft. from INR 12,457 per sq. ft. in FY25, driven by the launch of the premium residential project ‘Cloverdale SPR’ on Southern Peripheral Road, Gurugram. Collections for the quarter stood at INR 9.3 billion compared to INR 12.1 billion in Q1 FY25. Net debt remained stable at INR 8.9 billion.

In terms of profitability ratios, the Company reported an adjusted gross profit margin of 27% in Q1 FY26 against 28% in Q1 FY25, while adjusted EBITDA margin stood at 12% compared to 13% in the previous year.

In line with its long-term growth strategy, Signature Global acquired 9.96 acres of land in its key micro-market of Sohna during Q1 FY26. The land parcel offers a development potential of approximately 0.53 million sq. ft.

Commenting on the company’s performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said, “Building on the strong momentum of FY25, we delivered a robust performance in the first quarter of FY26, with our operational revenue doubling year-on-year. This growth reflects our continued focus on customer satisfaction and the timely delivery of quality homes. Our consistent financial and operational progress has further strengthened stakeholder confidence. The successful launch of our premium project Cloverdale SPR in Sector 71, located on Southern Peripheral Road, contributed meaningfully to this quarter’s performance. With several new project launches planned in the coming quarters, we are well-positioned to sustain this growth trajectory and further strengthen our market presence.”

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• Revenue from operations at Rs 2,101Cr, up 15.7% YoY
• EBITDA margins at 19.2% with EBITDA up 20.1% YoY
• PAT at 215Cr, up 41% YoY
• Domestic business sales at 995Cr, up 9.4% YoY
• International business sales at 1,106Cr, up 22.1% YoY

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

The quarter saw robust performance from both Domestic and International businesses. Emcure’s International business grew 22% with all businesses performing. Rest of the World business continued the healthy momentum, growing 42%. The company’s Canada business grew 16.4% led by new launches and market share gains. Europe saw early benefits of new launches and grew 12.8%.

Domestic business grew 9.4% led by strong performance in all our key therapies and aided by new initiatives in Derma and OTC. During the quarter, the company further strengthened its domestic business through the expansion of its strategic partnership with Sanofi. Going forward, Emcure will be marketing and distributing Sanofi’s Oral Anti-diabetic portfolio in addition to the cardiovascular portfolio.

Commenting on the results, Satish Mehta, CEO and Managing Director, Emcure Pharmaceuticals Ltd., said, “We delivered robust performance across all businesses in Q1. We continue to augment our portfolio in all our focus markets through in-licensing and in-house development. The expanded Sanofi partnership positions us well in the fast-growing metabolic segment. We also have a strong product pipeline for both our domestic and international markets, which will fuel future growth. We remain focused on improving efficiencies to drive sustained improvement in margins. ”  

 Revenue break-up:

                                                                                                                                                                                          Contd.
Performance Summary (Consolidated)

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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 Q1 FY26.  

Performance overview: (Q1 FY26 Revenues)

• Revenues of 178MN with $ Y-o-Y growth of 7.8% , Q-o-Q growth of 0.3%
• Q1FY26 Y-o-Y CC growth 4.9%
• Q1 FY26 Profitability
  • EBITDA margin stable at 21.0%
  • EBIT at 17%
• Marks 20^th consecutive growth quarter
• TCV of new engagements won during Q1FY26: $241 million

Strategic Partnership:

JSW Motors & KPIT technologies forge strategic collaboration to accelerate India’s new energy mobility revolution

Commenting on the performance of Q1 FY26, Kishor Patil, Co-founder, CEO, and MD, KPIT, said,

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

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For the fiscal year ended March 31, 2025, Blue Dart reported revenue from operations of ₹ 5,720 crore and profit after tax of ₹ 245 crore. For the quarter ended March 31, 2025 (Q4 FY25), revenue from operations stood at ₹ 1,417 crore. Profit after tax for the quarter stood at ₹ 53 crore.

Commenting on the announcement, Balfour Manuel, Managing Director, Blue Dart Express, said, “Our focus in FY25 was on delivering consistency, maintaining service quality, and enhancing our offering strength with significant investments towards our aviation capabilities and infrastructure, an approach that will continue as we gear up for the future. With a long-term perspective on these investments, we remain committed to reinforcing our core, adopting technology for efficiency, and delivering reliable service. Several of these investments are front-loaded, and we anticipate upcoming business growth to drive cost optimization.

As we look ahead to FY26, we remain cautiously optimistic amid ongoing external uncertainties. Nonetheless, Blue Dart will continue to invest in expanding our network, advancing digital capabilities, and embedding sustainable practices to drive long-term operational strength to enhance service capabilities, deepen customer trust, and build operational resilience.”

In the fiscal year gone by, Blue Dart was recognized for excellence across key areas, including customer service, sustainability, compliance, and brand loyalty. The company continued to be recognized as a Great Place to Work and one of the best organizations for women. Additionally, Blue Dart was awarded for its customer-centric culture, operational excellence in logistics, and trusted brand reputation. It was also acknowledged for its strong legal compliance practices and sustainable business approach.

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• Revenue from Operations: ₹2,074 crores, up 19% YoY
• EBITDA: ₹318 crores, up 15.5% YoY
• PAT: ₹260 crores, up 15.5% YoY

Q4 FY25 Snapshot

• Revenue: ₹756 crores, up 15% YoY
• EBITDA: ₹111 crores, up 1.5% YoY
• PAT: ₹91 crores, up 3% YoY

MUMBAI: Ajax Engineering Limited, India’s leading concreting equipment manufacturer, announced its audited financial results for the fourth quarter and financial year ended March 31, 2025.

FY25 Financial Highlights (All numbers are in Indian rupees in Crores except margins)

Quarterly Financial Highlights (All numbers are in Indian rupees in Crores except margins)

Shubhabrata Saha, Managing Director & CEO, Ajax Engineering Limited, said, “FY25 has been a year of resilience and strategic progress. Despite external challenges, including the regulatory shift from CEV-4 to CEV-5 emission norms and slower infrastructure execution, we delivered robust growth, crossed the ₹2,000 crore revenue milestone, and maintained profitability. Our leadership in the Self-Loading Concrete Mixer (SLCM) segment remains strong, with a 75% market share, while our non-SLCM and Spares businesses continue to gain momentum.

Our strategic investments, such as a dedicated B2B channel for non-SLCM sales and leadership enhancement initiatives, are laying the foundation for the next phase of growth. We’re also excited about the upcoming launch of our Adinarayanahosahalli plant in H2 FY26, which will add further capacity and product flexibility.”

Tuhin Basu, Chief Financial Officer, Ajax Engineering Limited added, “We have delivered a healthy performance in Q4 and FY25 with revenue growth across several key business areas – our SLCM and non-SLCM segments grew at 18% YoY; the Spare Parts and Service revenue rose 33% YoY and revenue from exports increased 29% YoY. Our EBITDA has grown by 15% YoY.

We remain committed to balancing growth with financial prudence. Our strong cash position and lean working capital ensure we are well-positioned to invest in capacity, innovation, and expansion. Despite margin pressures this year due to capability building, we expect profitability to normalize as our investments start delivering results.”

Strategic Updates

• Launched CEV-5 compliant models ahead of time: Ajax ramped up CEV-4 inventory ahead of the June 2025 deadline and simultaneously launched CEV-5 compliant models.  CEV-5 machines contributed ~1/3rd of Q4 sales.
• Product Innovation: Ajax remains the only Indian company to have developed an in-house Slip-Form Paver and commercial 3D Concrete Printer.
• Dealer Network: Expanded to 51 domestic dealers and 26 international distributors across 48 countries.
• New Facility Launch: The upcoming Adinarayanahosahalli plant is on track for commissioning by Q2 FY26, with commercial production starting in H2 FY26
• B2B Channel Expansion: The company is scaling its non-SLCM portfolio through a new B2B go-to-market strategy aimed at institutional buyers.

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• Q4 GTV of Rs. 4418.4 Cr (+65% YoY), Revenue from Operations Rs. 284.1 Cr (+72% YoY)
• Record increase in Q4 Flight Revenue (+135% YoY)  & Bus Revenue (+103% YoY)
• Q4 EBITDA of Rs. 30.7 Cr (+64% YoY), Profit Before Tax (PBT*) of Rs. 27.2 Cr (+74% YoY)
• Q4 Profit After Tax (PAT) of Rs. 16.8 Cr (+128% YoY)

MUMBAI: Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192), India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended March 31, 2025, and full year FY25. The company delivered its best-ever quarterly performance across all verticals, reporting acceleration of nearly all metrics, with a 72% year-on-year (YoY) increase in revenue from operations to Rs.284.1 Cr in Q4 FY25 and a 65% YoY increase in Gross Transaction Value (GTV). The company has also posted a record 128% YoY growth in Profit After Tax & a 74% growth in Profit before share of loss of an associate, exceptional items, and tax at Rs 27.2 Cr in Q4 FY25.

Key Performance Highlights – Q4 FY25

• Gross Transaction Value (GTV) crossed Rs. 4418.4 Cr in Q4 FY25, growing by 65% YoY. Flight & Bus GTV each grew 92% YoY while Train GTV grew 41% YoY for Q4 FY25 vs Q4 FY24.
• Revenue From Operations grew by 72% YoY in Q4 FY25 to Rs 284.1 Cr from Rs 164.9 Cr in Q4 FY24. 
• Contribution Margin (CM) increased by 69% YoY, reaching Rs. 120.9 Cr in Q4 FY25.
• EBITDA increased by 64% to Rs 30.7 Cr for Q4 FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income)increased to Rs 29.1 Cr for Q4 FY25, an increase of 70% from Rs 17.1 Cr in Q4 FY24. 
• Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs.27.2 Cr in Q4 FY25 as compared to Rs.15.6 Cr in Q4 FY24, recording an increase of 74% on a YoY basis.
• Profit After Tax is at Rs.16.8 Cr in Q4 FY25 compared to Rs.7.3 Cr in Q4 FY24, recording an increase of 128% on a YoY basis.

Rajnish Kumar, Group Co-CEO, ixigo, and Aloke Bajpai, Group CEO, stated:  “This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base,  a tech-centric DNA, AI-driven efficiency, and enhanced brand awareness — all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs. 122 crores in FY25.”

Saurabh Devendra Singh, Group CFO, ixigo, added: “We went public in FY25, and this has become a defining year for our trajectory. This fiscal we achieved ₹14972 crore in GTV, ₹914 crore in Operating Revenue, and delivered a 71% YoY increase in Adj. EBITDA proving that scale and financial discipline need not be mutually exclusive.”

FY25 Snapshot: Breaking Records Across Usage & Engagement

From serving over 544 million travellers annually to processing refunds faster than a Bollywood movie climax, FY25 was a year of scale, speed, and firsts for ixigo. Here’s a snapshot of the milestones that defined our journey across travel categories and user touchpoints.

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PUNE: Vascon Engineers Ltd. (VASCONEQ), one of the leading EPC and Realty players with a legacy spanning nearly four decades, announced its audited results for the fourth quarter ended 31 March 2025.

Commenting on the company’s performance, Siddharth Vasudevan Moorthy, Managing Director, Vascon Engineers Ltd., said, “I am happy to report robust operational performance for FY25, with record-high standalone quarter results, volumes, and collections. The residential real estate sector experienced remarkable growth this year due to factors such as rising disposable incomes, greater affordability, robust economic growth, policy reforms, and stable interest rates that encouraged home buying. Capitalizing on this rising demand for home ownership and high-quality living, we launched new projects worth INR 300 crore in the Mumbai market.

In FY25, our income grew by 41% YoY to INR 1090 crore. Strong execution led to rapid progress across projects, and efficient collections we ended the year with revenues of INR 1090 crore.

As we look forward, we remain confident in the long-term prospects of the real estate sector. In FY25, Mumbai aligns seamlessly with our vision of delivering premium, high-quality living spaces tailored for modern urban lifestyles. Backed by our expertise in both EPC and real estate development, customer-first approach, and unwavering commitment to excellence, we are poised to redefine luxury living. The solid foundation laid in FY25 positions us to achieve even greater milestones in FY26 and beyond, with a focus on timely delivery, execution excellence, and enhancing customer experience.”

Key Highlights for the year:

• Total EPC Income: INR 1016 Cr
• Real Estate Income: INR 74 Cr
• Foray into Mumbai Market with GDV of INR 300 crore and potential pipeline of another INR 1000 crore
• Rating upgrade: From Crisil – BBB+ to A-

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