Category: Business

Mumbai (Maharashtra) [India], February 14: Shri Keshav Cement & Infra Limited (BSE – 530977), engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka has announced its Unaudited Financial Results for Q3 & 9M FY26.

Key Financial Highlights:

9M FY26 Financial Highlights

Total Income of ₹ 116.31 Cr, YoY growth of 35.81%

EBITDA of ₹ 29.28 Cr, YoY growth of 66.85%

EBITDA Margin of 25.68%, YoY expansion of 454 Bps

PAT of ₹ 3.23 Cr, Loss to Profit

PAT Margin of 2.78%, Loss to Profit

Diluted EPS of ₹ 1.85, Loss to Profit

Q3 FY26 Financial Highlights

Total Income of ₹ 38.69 Cr, YoY growth of 33.22%

EBITDA of ₹ 10.50 Cr, YoY growth of 63.10%

EBITDA Margin of 27.68%, YoY expansion of 477 Bps

PAT of ₹ (0.54) Cr, Profit to Loss

PAT Margin of (1.41) %, Profit to Loss

Diluted EPS of ₹ (0.31), Profit to Loss

Commenting on the financial performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said “9M FY26 marks a clear phase of strengthening performance, with sustained improvement across revenue, margins, and profitability. The cement segment continued to be the highest contributor, anchoring growth through stronger volumes, better realizations, and improved operating stability.

Operational efficiencies improved meaningfully during the period, supported by higher capacity utilization and disciplined cost control. This translated into stronger operating leverage and noticeable margin expansion, reinforcing the quality of earnings.

Most importantly, the Company delivered a decisive turnaround at the bottom-line level, shifting from losses in the previous year to healthy profitability. The improved cost structure, stabilized kiln operations, and focused execution have created a more resilient and scalable operating platform.

With operational stability now firmly in place, the Company is well positioned to sustain growth momentum, strengthen its market presence, and drive consistent value creation in the coming quarters.”

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Mumbai (Maharashtra) [India], February 14: Ducon Infratechnologies Limited (NSE- DUCON | BSE- 534674 | INE741L01018), a global diversified technology EPC company delivering engineering solutions across environmental control, clean energy, infrastructure, and process industries has announced its unaudited financial results for Q3 and 9M FY26

Consolidated Key Financial Highlights

9M FY26 Consolidated Financial Highlights

• Total Income of ₹321.18 Cr

• EBITDA of ₹20.82 Cr

• EBITDA Margin of 6.48%

• Net Profit of ₹9.14 Cr

• Net Profit Margin of 2.84%

Q3 FY26 Consolidated Financial Highlights

• Total Income of ₹94.31 Cr

• EBITDA of ₹5.84 Cr

• EBITDA Margin of 6.19%

• Net Profit of ₹2.31 Cr

• Net Profit Margin of 2.45%

Commenting on the performance, Arun Govil, Chairman & Managing Director of Ducon Infratechnologies Ltd., said: “This quarter reflects a steady performance in what continues to be a transitional phase for the sector, but the broader structural opportunity ahead remains compelling. Policy momentum around carbon capture and clean energy is clearly building, and our early move into solvent-based carbon capture R&D positions us well to benefit from India’s ₹20,000 crore CCUS initiative. At the same time, the launch of our IQ Energy AI platform aligns us with the growing demand for smarter and more efficient power systems, especially as AI-led data centre expansion drives incremental energy requirements.

Looking ahead, we see strong tailwinds from tightening environmental norms, modernization of power infrastructure, and increasing focus on efficiency-led investments. With our integrated EPC capabilities and technology-led approach, we are well placed to participate in these emerging opportunities while improving execution discipline and operating leverage. We remain confident that these strategic initiatives will support sustainable growth as industry investments accelerate.”

Recent Key Business Highlights

Carbon Capture R&D: Initiated solvent-based carbon capture R&D ahead of policy support, positioning the company to benefit from India’s ₹20,000 crore CCUS push.

AI Platform Launch: Launched IQ Energy AI platform to optimize power generation efficiency, reduce downtime and support utilities amid rising demand from AI-driven data center.

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New Delhi [India], February 14: Kolkata based Ganesh Infraworld Limited (NSE – GANESHIN) leading company in the infrastructure and engineering sector has reported strong operational and financial performance for the Q3FY26. Company has reported consolidated net profit of Rs. 19.04 crore in Q3FY26, up 68% Y-o-Y from net profit of Rs. 11.34 crore reported in Q3FY25. Revenue from operations for Q3FY26 was reported at Rs. 215.32 crore, 44.3% rise Y-o-Y as compared to the revenue from operations of Rs. 149.19 crore in the corresponding period last year. The company has a strong order book of Rs. 2,211.7 crore with presence in eight states.

Highlights:-
• 9MFY26 Net Profit rise 81.9% to Rs. 51.7 crore; EBITDA up 99.2% to Rs. 75.6 crore.
• 9MFY26 revenue from operations rise 59.6% to Rs. 606 crore
• The company has a strong order book of Rs. 2,211.7 crore with presence in eight states.

EBITDA for Q3FY26 was reported at Rs. 29.2 crore, 83.5% jump Y-o-Y from EBITDA of Rs. 15.9 crore reported in Q3FY25.

As per the consolidated balance sheet, for the nine months ended 31 December 2025 of FY26, the company reported revenue of Rs. 608.30 crore rupees, an increase of 59.6% Y-o-Y as compared to revenue of Rs. 381.68 crore in the corresponding period last year. Net profit after tax for the nine months stood at Rs. 51.71 crore registering a growth of 81.9% rise over Rs. 28.43 crore profit in the corresponding period last year.

Sharing more details, Mr. Vibhoar Agrawal Founder & CMD, Ganesh Infraworld Ltd, said, “FY26 continues to build strong momentum for Ganesh Infraworld Ltd., driven by disciplined execution, expanding business verticals, and a sharpened strategic focus. The Company remains committed to strengthening core capabilities while unlocking new, high-visibility growth avenues. With a robust order pipeline, expanding execution capabilities, and strategic entry into regulated mining operations through the new SPV, Ganesh Infraworld Ltd. is well-positioned to sustain high growth momentum and deliver long-term value through FY26 and beyond.”

Incorporated in 2024, Ganesh Infraworld Limited is engaged in civil construction works for building, road, railway and water infrastructure projects across West Bengal, Bihar, Uttar Pradesh, Chhattisgarh, Maharashtra, New Delhi, Telangana, Odisha and Jharkhand.

Crisil rating has recently assigned long term rating of Crisil BBB+/Stable rating and short term rating of Crisil A2. The rating reflects GIL’s established market position in the construction industry, healthy order book providing revenue visibility, diversified segments & geographical reach and healthy financial profile. These strengths are partially offset by its susceptibility to tender-based operations and increasing working capital cycle.

Founded in 2017, Ganesh Infraworld Limited is a fast growing infrastructure and EPC company shaping India’s development landscape through civil, electrical, road, rail and water projects. From industrial facilities and highways to rail systems and water supply networks, the company delivers end to end construction solutions across multiple states with a strong footprint in eastern and northern India. Backed by a robust order book, a diversified project portfolio and long standing client relationships, Ganesh Infraworld combines execution strength with disciplined project management to build infrastructure that supports sustainable growth and lasting value.

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Mumbai (Maharashtra) [India], February 13: Pinky Promise, the world’s first AI and ML powered clinic for women’s sexual and reproductive health, has released findings from Love Aaj Kal, an analysis of over 10,000 anonymised conversations between women across India and Pinky Promise gynaecologists in 2025.

Ahead of Valentine’s Day, the analysis highlights clear patterns in how women are approaching pleasure and sexual self-understanding, based on real, private conversations.

Nearly 64 percent of users were between 18 and 23 years of age, with the average age at 23. Users ranged up to 37 years. The conversations span over 500 metros, towns and talukas across India. While Delhi and Mumbai contributed significant volume, more than 60 percent of queries originated from Tier 2 cities and smaller towns, including regions in the North East and Jammu and Kashmir.

Pleasure-related discussions formed a significant portion of the dataset, with nearly 4,800 conversations centred on sexual self-understanding. More than half of these focused on self-pleasure. Women sought clarity around sensation, sensitivity and whether their experiences were typical.

Over 30 percent of pleasure-related queries involved pain, irritation or soreness. Rather than ignoring discomfort, users sought clarification and reassurance. Conversations referencing personal massagers and similar devices, which accounted for approximately 3 percent of pleasure discussions, focused primarily on safety, irritation and long-term impact.

Partner-related questions were also prominent. Many referenced boyfriends or casual partners across metros and smaller towns. These conversations focused on comfort, communication and mutual understanding, reflecting women taking initiative in navigating intimacy within their relationships.

Commenting on the findings, Divya, CEO & Co-founder of Pinky Promise, said “What stands out in these conversations is how clearly women are articulating their experiences. They are asking specific questions about sensation, comfort and communication. When privacy is assured, the conversations become more direct and more informed. The engagement across cities and smaller towns shows that women are ready to explore these topics when they have access to safe spaces.”

A 22-year-old participant from a Tier 2 city, who requested anonymity, shared, “Being able to ask questions privately made a big difference. It helped me understand what I was feeling and approach it with more confidence.”

Key Observations from Love Aaj Kal

• Women are initiating conversations about pleasure earlier in their sexual lives.
• Self-pleasure is widely discussed across metros and smaller towns.
• Discomfort prompts clarification rather than silence.
• Communication within relationships is a recurring theme.
• Anonymity encourages more direct and specific questions.

Founded to improve access to reliable and confidential healthcare, Pinky Promise enables private digital consultations with qualified gynaecologists focused on women’s sexual and reproductive health. The platform supports informed, judgement-free conversations, making it easier for women across India to seek clarity about pleasure and intimacy.

About Pinky Promise

Pinky Promise is India’s first AI-enabled women’s digital clinic offering chat-first gynaecological care through a mobile app. Available 24×7 in Hinglish and English, the platform enables women to consult qualified gynaecologists, receive prescriptions, and access ongoing care at an affordable starting price of ₹99. Since launch, Pinky Promise has served over 350,000 women across India.

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Ahmedabad (Gujarat) [India], February 13: VMS TMT Limited (BSE: 544521 | NSE: VMSTMT), a fully integrated steel manufacturer engaged in TMT Bars, Billets, and Binding Wires, announced its Unaudited Financial Results for the Quarter and Nine Months ended 31 December 2025.

Key Financial Highlights – Q3 & 9M FY26 (₹ in Crores)

Operational & Business Highlights 

• Strong sequential growth in Q3 supported by improved plant utilization and stable demand across retail and institutional segments.
• Backward integration through the billet (CCM) facility continued to enhance cost control and raw material availability.
• Retail-led distribution network of 227+ dealers and 3 distributors sustained steady offtake across Gujarat.
• Automation and process optimization at the Bhayla plant improved productivity and operating leverage during the quarter.
• Completion of IPO-related debt repayment strengthened balance sheet and reduced finance costs.
• Progress continued on the 15 MW captive solar power project to structurally lower energy costs.
• Healthy order pipeline maintained across housing and infrastructure-driven demand segments.

Mr. Varun Jain, Chairman & Managing Director, VMS TMT Limited, said:

“Q3 marked a strong sequential improvement for VMS TMT, with double-digit revenue growth and a sharp increase in profitability driven by operating leverage and efficiency gains across our integrated operations. The successful stabilization of our billet facility, improved plant utilization, and consistent retail demand supported performance during the quarter.

Over the first nine months of FY26, we have strengthened our integrated manufacturing platform, expanded dealer engagement, and completed key balance-sheet milestones following our IPO. With healthy order visibility, continued infrastructure demand, and ongoing cost-optimization initiatives including captive solar power, we remain confident of sustaining growth momentum and improving margins over the medium term.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], February 13: As India accelerates its clean energy transition, Gurugram based Start-up, “Solar Capital” has announced the launch of its digital solar participation platform that enables individuals and organisations to take part in solar energy generation without owning rooftops or installing on-site infrastructure, with subscriptions starting from as low as Rs 999/-. This move significantly lowers entry barrier for consumers without rooftop access or the ones who simply don’t have the time to maintain the asset for its entire lifecycle. It expands the scope for fractional solar investment in India’s clean energy transition.

India has set ambitious renewable energy targets; however, a significant portion of urban consumers, renters, apartment residents, and small businesses remain unable to adopt rooftop solar due to space constraints, leased premises, or operational complexities. At the same time, many commercial and industrial buildings with suitable rooftops are unable to deploy solar projects due to working capital limitations, balance-sheet constraints, and long payback cycles.

Solar Capital addresses both challenges through a subscription-based, fractional solar investment model that allows users to digitally participate in verified, developer-owned solar projects while enabling host buildings to deploy solar capacity without upfront capital expenditure or financial risk. For many consumers comparing digital solar vs traditional solar, the participation-led approach removes installation, maintenance, and ownership complexities.

Founded by Sameer Mishra and Maharshiraj Chudasama, Solar Capital was conceptualised after hundreds of on-ground interactions across the solar ecosystem. “We met individuals who wanted to support clean energy and save on bills but had no rooftops or the time for maintenance of the system for many years to come. Simultaneously, we saw commercial buildings hesitate to set one up due to capital lock-in,” said Sameer Mishra, Founder, Solar Capital. “We realised that separating solar participation from physical ownership could unlock adoption on both sides.”

Solar Capital was recently awarded the Digital Solar Innovation Award 2026 by a leading business magazine. The recognition underscores the company’s role in expanding access to solar energy through scalable, technology-led participation models and highlights its contribution to India’s evolving clean energy ecosystem.

Through the Solar Capital platform, subscribers can enroll digitally in shared and distributed solar projects operated by established developers. Sameer said, “The platform allows individuals and organisations to participate in solar projects with subscriptions starting from as low as Rs 999/-, making digital solar participation and fractional solar investment accessible to a much wider audience. Commercial buildings act as host locations without investing capital or taking on balance-sheet exposure”.

Subscribers receive monthly Green Credits, redeemable across BBPS-enabled utility payments including electricity, gas, water, mobile, broadband, and other essential services.

Solar Capital is backed by industry experts from the renewable energy, power, and financial services sectors, helping shape a compliance-led structure with predictable offtake models and scalable demand aggregation. This approach improves project bankability for developers while ensuring transparency and simplicity for subscribers.

Early adoption has seen strong interest from urban consumers and small organisations, particularly those without rooftop access. Users have highlighted the ease of onboarding, clarity of the subscription structure, and flexibility of Green Credit utilisation as key benefits.

Looking ahead, Solar Capital plans to expand partnerships with solar developers, commercial property owners, housing communities, and enterprises, while also scaling its participation-led clean energy models aligned with India’s 2047 sustainability goals.

India’s solar transition is evolving from ownership-centric infrastructure to inclusive, digitally enabled participation. Solar Capital aims to play a key role in this shift by making solar accessible to a wider population.

For more information, visit https://solarcapital.in

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As AI rapidly reshapes productivity, service delivery and business models, the conclave will examine emerging risks around concentration of capital, compute infrastructure and intellectual property, and their potential to deepen structural inequalities. Deliberations will explore policy and market interventions required to ensure equitable access to AI through infrastructure development, responsible data governance and inclusive skilling frameworks.

Key agenda areas include AI inequality in global development, governance frameworks for responsible AI deployment, formalisation pathways for MSMEs and informal workers, and the role of digital public infrastructure in expanding access to AI systems. Special emphasis will be placed on enabling participation of Scheduled Castes, Scheduled Tribes, women entrepreneurs, gig workers, sanitation workers, artisans and first-generation business owners in emerging AI value chains.

A key outcome of the conclave will be the Delhi Declaration on Inclusive AI and the Future of Work, which is expected to outline national principles for equity-by-design, worker transition frameworks, portable social protection mechanisms, multilingual AI skilling pathways, inclusive data governance standards and strengthened Centre–State coordination. The Declaration will inform deliberations at the India AI Impact Summit 2026.

Padma Shri awardee Mr. Ravi Kumar Narra, National President, DICCI, added, “Economic empowerment delivers impact when policy intent is matched with institutional execution. AI must be deployed with similar discipline to enhance productivity in the informal economy, expand market access for small enterprises and enable credible worker transition pathways. Inclusion must be measurable, not aspirational.”

Through this conclave, DICCI aims to institutionalise inclusion as a foundational principle within India’s evolving AI policy ecosystem, advancing structured dialogue and actionable commitments that align artificial intelligence with equity, employment and national development priorities.

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