Category: Business

  • Melt Your Crush: Vadilal’s 17ft Melting Ice Cream Sparks Romance at Sabarmati Riverfront

    Melt Your Crush: Vadilal’s 17ft Melting Ice Cream Sparks Romance at Sabarmati Riverfront

    Ahmedabad (Gujarat) [India], February 12: In the bright lights of Sabarmati Riverfront, in the beautiful area toward the airport, a larger-than-life spectacle is winning hearts and camera clicks alike. The 17-foot installation of a towering melting ice cream, a choco-dipped ice cream bar on a stick with chocolate flowing down in slow, shiny drips, by Vadilal Ice Creams has made Ahmedabad an inevitable hotspot during Valentine’s Week. The installation is a blend of art, nostalgia, and romance, and has since become the sweetest backdrop for love stories unfolding in the city.

    The installation is strategically positioned along the river against a glowing skyline, drawing visitors from early evening until late at night. The chocolate-drip detailing is dramatized under soft golden lights, creating a dreamy atmosphere straight out of a movie scene. It is not just a setup; it is a moment, especially for Gen Z couples. A statement. A reel waiting to be shot.

    In the days leading up to Valentine’s Day, the riverfront has witnessed playful proposals and heart-melting confessions. Young couples have fallen to their knees under the bitten top of the giant ice cream bar, rings flashing in the light against the shiny chocolate drips, while friends cheer and document the big occasion. Vadilal’s cheerful mascot, Vaddy, adds to the thrill as it hypes up the crowd, and people are simply loving it. The enthusiasm spreads, turning strangers into an audience and the simplest moments into expressions of passion.

    Social media is buzzing. Feeds filled with reels and stories from the Sabarmati Riverfront show drone shots circling the installation, slow-motion proposal clips, and groups of friends posing theatrically under the drizzling chocolate. Visiting the Melting Ice Cream has now become part of the Valentine’s Week ritual for many, a chance to melt their crush before the ice cream melts away. The catchy headline has gone viral, with individuals creating captions, hashtags, and playful extensions that continue to spread the buzz organically.

    Yet, the charm of the installation is not limited to one generation. Golden couples have been spotted walking hand in hand, sharing Vadilal cones at the base of the sweet monument. Couples have renewed personal commitments while sharing joyful moments beneath the dripping chocolate. Families organize photos, children look on in wonder, and grandparents share stories of their first dates over ice cream, proving that certain memories remain fresh forever, just like our favorite ice cream flavors.

    For Amdavad, the installation goes beyond marketing; it has transformed into a public space that celebrates shared memories. Vadilal, a brand born in Ahmedabad, remains a vital part of the city’s identity. Through this towering ice cream bar, the company has created a joyful experience that evokes a range of emotions. By blending vintage sweetness with contemporary flair, the brand has turned an ice cream bar into a tribute to love.

    As Valentine’s Day approaches, the celebration reminds us that love, like ice cream, should be enjoyed before it melts away. The Sabarmati Riverfront is offering moments that linger long after the chocolate stops dripping, from grand proposals and playful crush confessions to anniversary dinners and friend photos.

    This Valentine’s Week, come to the glow of the river, pose beneath the melting masterpiece, and make your story a part of Ahmedabad’s sweetest celebration, one scoop, one smile, and one memory of a lifetime.

    Melt your crush before the Ice cream melts away at Sabarmati Riverfront.

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  • Ashapuri Gold Ornament Limited Reports 60pc EBITDA Growth and 53pc PAT Growth in 9M FY26

    Ashapuri Gold Ornament Limited Reports 60pc EBITDA Growth and 53pc PAT Growth in 9M FY26

    Ahmedabad (Gujarat) [India], February 12: Ashapuri Gold Ornament Limited (BSE – 542579), one of India’s leading B2B jewellerymanufacturers, reported its Unaudited financial result for Q3 FY26 & 9M FY26.

    Key Financial Highlights:

    9M FY26

    • Total Income of ₹ 246.61 Cr, YoY growth of 5.64%
    • EBITDA of ₹ 24.50 Cr, YoY growth of 59.85%
    • EBITDA Margin of 9.93%, YoY growth of 337 Bps
    • PAT of ₹ 17.21 Cr, YoY growth of 53.20%
    • PAT Margin of 6.98%, YoY growth of 217 Bps
    • EPS of ₹ 0.52, YoY growth of 52.94%

    Q3 FY26

    • Total Income of ₹ 91.24 Cr
    • EBITDA of ₹ 8.01 Cr, YoY growth of 22.01%
    • EBITDA Margin of 8.78%, YoY growth of 233 Bps
    • PAT of ₹ 5.57 Cr, YoY growth of 7.76%
    • PAT Margin of 6.11%, YoY growth of 103 Bps
    • EPS of ₹ 0.17, YoY growth of 6.25%

    Gold Sales and Production Volume Performance

    • Gold Sales Volume stood at 90.18 Kgs in Q3 FY26
    • Manufacturing Volume stood at 144.36 Kgs, up 10.21% YoY in Q3 FY26
    • Gold Sales Volume stood at 307.28 Kgs in 9M FY26
    • Manufacturing Volume stood at 391.30 Kgs, up 10.22% YoY in 9M FY26

    Speaking on the financial performance, Mr. Jitendra Kumar Soni, Joint Managing Director of Ashapuri Gold Ornament Limited said, “We are delighted to report another good quarter of performance in Q3 FY26, with PAT growing by 7.76% year-on-year and EBITDA grew with 22.01% year-on-year. Our EBITDA margin expanded by 233 basis points to 8.78%, and PAT margin improved by 103 basis points to 6.11%. This remarkable improvement reflects our disciplined execution, operational efficiency, and the inherent strength of our B2B jewellery business model.

    We are equally pleased with the strong momentum in volumes this quarter. Total Income increased by over 5.64% YoY in 9M FY26 driven by sustained demand for our differentiated product portfolio and increasing acceptance of our design-led offerings among leading retail chains & Big Box clientele. This continued the growth in Sales which demonstrates the strong market appetite for our jewellery collections and validates our strategy of building scale while ensuring product excellence.

    Despite recent volatility in the commodity markets and rising gold prices, the underlying demand for organised, design-led jewellery remains resilient, supported by steady retail offtake. Going forward, we will focus on expanding our presence in high-potential domestic markets, supported by a strengthened, regionally aligned sales force to deepen engagement with organised jewellery retailers. These initiatives are aimed at driving sustainable revenue growth while maintaining margin discipline”.

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  • TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE WITH DIAMOND EXPERTISE CENTRE AND EXPANDED RETAIL FORMAT

    TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE WITH DIAMOND EXPERTISE CENTRE AND EXPANDED RETAIL FORMAT

    Mumbai (Maharashtra) [India], February 12:Tanishq, India’s largest jewellery retail brand from the house of Tata, has reopened its newly renovated store on 6th February in Andheri, Maharashtra. The spacious and freshly re-designed store was inaugurated at 5:00 PM by Mr. Arun Narayan, CEO – Jewellery Division, Titan Company Ltd and Mr. Ram Prabhat Yadav, Regional Business Head – West, Titan Company Ltd. 

    TANISHQ REOPENS NEWLY RENOVATED ANDHERI STORE -PNN

    Conveniently located at Vastu Prestige, Off New Link Rd, Near Citi Mall, Lokhandwala Complex, Andheri West, Pin code: 400053, the new 22000 sq. ft. store reflects Tanishq’s design excellence and customer-first approach. The expanded retail format offers a significantly wider assortment of gold and diamond jewellery, solitaires, plain and stone-studded designs.

    The store houses the new collection, ‘Wings in Motion’, displaying modern, versatile, and design-led everyday natural diamond jewellery and ‘Floral Bloom’, a collection where every curve reflects nature’s poetry as rose-toned enamel meets floral artistry. The store presents ‘Radiance in Rhythm’ a high-value diamond collection for the woman who defines her own elegance, alongside ‘Élan’, a collection rooted in delicate patterns, floral motifs, and chillai pave-set diamonds for the modern woman. The store also houses Tanishq’s latest festive collection, ‘Mriganka’, inspired by mythical realms and crafted with exceptional artistry, alongside  ‘GlamDays’, a versatile daily-wear jewellery line and ‘String It’, a modern and lightweight collection. Customers can also explore exclusive ranges such as ‘Dor’, a mangalsutra collection inspired by sacred elements of Hindu weddings; ‘Aveer’, Tanishq’s jewellery line for men; and ‘Rivaah’, the brand’s dedicated wedding jewellery sub-brand designed to reflect the bridal traditions of diverse Indian communities. The store also features ‘Mia by Tanishq’ a brand born with the heritage and the legacy of Tanishq, featuring bold, modern, and chic jewellery.

    The newly renovated store houses the Tanishq Diamond Expertise Centre, a tech-enabled initiative that helps customers verify the authenticity, origin, and brilliance of their diamonds. The multi-tool setup features five advanced devices that evaluate key aspects of a diamond — including light performance, origin, inclusions, and laser markings. This state-of-the art evaluation process places the power directly in the hands of the customer.

    Speaking at the inauguration,  Mr. Vinod Singh, Regional Business Manager, West, Tanishq,   said, “At Tanishq, our stores are designed to reflect the way customers experience jewellery today, with space to explore, choice that spans everyday wear to bridal, and complete confidence in what they are buying. The reopening of our Andheri store brings together an expanded retail format, some of our most distinctive collections, and the Tanishq Diamond Expertise Centre, which empowers customers with greater transparency and understanding of their diamonds. It’s about combining design, craftsmanship, and trust in a way that feels relevant, reassuring, and human.”

    About Tanishq

    Tanishq, India’s most-loved jewellery brand from the TATA Group, has been synonymous with superior craftsmanship, exclusive designs and guaranteed product quality for over two decades. It has built for itself the envious reputation of being the only jewellery brand in the country that strives to understand the Indian woman and provide her with jewellery that meets her traditional and contemporary aspirations and desires. To stress on their commitment to offer the purest jewellery, all Tanishq stores are equipped with the Karatmeter which enables customers to check the purity of their gold in the most efficient manner. The Tanishq retail chain currently spreads across 500+ exclusive boutiques in more than 300 cities.

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  • NIS Management Limited Receives ICRA Reaffirmation on Rs 105.87 Cr Rated Facilities; Outlook Upgraded to Positive

    NIS Management Limited Receives ICRA Reaffirmation on Rs 105.87 Cr Rated Facilities; Outlook Upgraded to Positive

    Kolkata (West Bengal) [India], February 12: NIS Management Limited, (BSE – 544495), One of the leading integrated services platforms, specialising in security, facility management, electronic security, and skill development, NIS Management Limited has received rating reaffirmation from ICRA with revision in outlook to Positive, reflecting improving financial profile, strong operational capabilities, and sustained business growth momentum. The company’s total rated bank facilities stand at ₹105.87 Cr.

    Details of Rated Facilities

    • Long-term – Fund Based – Term Loan: ₹5.40 Cr – [ICRA]BBB+ (Positive); Reaffirmed with outlook revised from Stable

    • Long-term – Fund Based – Cash Credit: ₹71.00 Cr –[ICRA]BBB+ (Positive); Reaffirmed with outlook revised from Stable

    • Short-term – Fund Based – Standby Line of Credit: ₹3.50 Cr –[ICRA]A2; Reaffirmed

    • Short-term – Non-Fund Based – Bank Guarantee: ₹22.00 Cr –[ICRA]A2; Reaffirmed

    • Long-term / Short-term – Unallocated Limits: ₹3.97 Cr –[ICRA]BBB+ (Positive) / [ICRA]A2; Reaffirmed with outlook revised from Stable

    Key Rating Drivers

    • Established Market Position and Strong Client Base:

    NIS has a strong presence in organised security and facility management services, particularly in West Bengal, servicing over 600 clients, supporting stable revenue visibility and repeat business.

    • Large Workforce Supported by In-House Training and Technology Capabilities

    Through its subsidiaries Keertika Academy Private Limited and Keertika Education & Associates LLP, the company supports manpower training and vocational education initiatives. NIS has a manpower strength of around 18,000 employees including back office staff, and its internally developed technology solutions further enhance operational efficiency, workforce monitoring, and service scalability.

    • Strengthened Capital Structure Post Equity Infusion

    Capital structure improved following IPO proceeds of ₹45.6 crore, reducing consolidated gearing to 0.4x and TOL/TNW to 0.5x as of September 30, 2025, compared with 0.6x gearing and 0.7x TOL/TNW as of March 31, 2025.

    Commenting on the Update Mr. Debajit Choudhury Chairman & Managing Director, of NIS Management Limited said, “ICRA’s reaffirmation of our ratings along with the Positive outlook reinforces confidence in our financial discipline, credit profile, and consistent operational performance. We remain committed to maintaining a strong balance sheet and enhancing our credit strength through sustainable and responsible growth.”

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  • Krishival Foods Growth Trajectory Accelerates; 9MFY26 Revenue Tally Nears FY25 Level

    Krishival Foods Growth Trajectory Accelerates; 9MFY26 Revenue Tally Nears FY25 Level

    Mumbai (Maharashtra) [India], February 12: Krishival Foods Limited, (NSE – KRISHIVAL, BSE – 544416 | INE0GGO01015), a fast-growing Indian FMCG company with a diversified portfolio spanning dry fruits, nuts, and ice cream under the brands Krishival Nuts and Melt N Mellow, has announced its unaudited financial results for Q3 and 9M FY26.

    The company delivered another strong quarter, supported by robust festive and wedding-season demand, deeper reach across Tier II and Tier III markets, and steady traction across general trade, modern trade, quick-commerce, and export channels. Sustained growth in the Nuts business and a successful turnaround in the Ice Cream segment, which is now contributing at the PAT level, emerged as key highlights of the quarter.

    Key Financial Highlights:

    Q3 FY26 Consolidated Financial Highlights

    • Total Revenue of ₹ 76.86 Cr, YoY growth of 40%

    • EBITDA of ₹ 11.54 Cr, YoY growth of 263%

    • EBITDA Margin of 15.01%, YoY growth of 159%

    • Net Profit of ₹ 6.41 Cr, YoY growth of 11,709%

    • Net Profit Margin of 8.34%, YoY growth of 8240%

    9M FY26 Consolidated Financial Highlights

    • Total Revenue of ₹ 197.57 Cr, YoY growth of 52%

    • EBITDA of ₹ 28.89 Cr, YoY growth of 77%

    • EBITDA Margin of 14.62%, YoY growth of 16.40%

    • Net Profit of ₹ 16.61 Cr, YoY growth of 99%

    • Net Profit Margin of 8.41%, YoY growth of 31.40%

    Commenting on the Performance, Mr. Sujit Bangar – Chairman & Whole-Time Director, said,
    “Q3 FY26 represents a strategic inflection point for Krishival Foods, with our Ice Cream business, Melt N Mellow, beginning to contribute at the PAT level-well ahead of scale maturity. This reflects the strength of our operating model, improved capacity utilisation and a sharp focus on cost discipline, even amid seasonal headwinds.

    Our Nuts business, Krishival Nuts, continues to deliver consistent topline growth and margin expansion, supported by premiumisation, festive and wedding-led demand, procurement discipline and operating leverage.

    With the successful completion of our 9,999.48 lakh Rights Issue, we are well-capitalised to invest in processing infrastructure, working capital efficiency and scalable, margin-accretive growth initiatives. We remain focused on building a differentiated, profitable FMCG platform with sustainable returns for shareholders.”

    Segment-wise Performance Highlights:

    Nuts & Dried Fruits – Krishival Nuts
    • Q3 FY26 revenue at ₹54.82 crore, up 14.7% YoY, supported by festive and wedding-season demand

    • Q3 FY26 EBITDA grew 107% YoY to ₹9.65 crore, reflecting operating leverage

    • Q3 FY26 PAT increased 146% YoY to ₹5.88 crore

    • 9M FY26 revenue stood at ₹147.19 crore, up 22% YoY

    • 9M FY26 EBITDA grew 40% YoY to ₹24.83 crore; PAT increased 45% YoY to ₹15.44 crore

    • Growth driven by premiumisation, deeper reach across Tier II and Tier III markets, and GST rate rationalisation supporting demand

    Ice Cream – Melt N Mellow
    • Q3 FY26 revenue at ₹21.01 crore, up 122% YoY

    • Q3 FY26 EBITDA turned positive at ₹2.85 crore versus a loss of ₹1.78 crore YoY

    • Q3 FY26 PAT turned profitable at ₹0.58 crore versus a loss of ₹2.33 crore YoY

    • 9M FY26 revenue grew 71% YoY to ₹52.45 crore

    • 9M FY26 EBITDA improved to ₹6.08 crore from a loss of ₹0.51 crore YoY; PAT turned positive at ₹1.21 crore

    • Q3 FY26 marked a key inflection point, driven by improved operational efficiency, higher capacity utilisation, and expanding brand visibility across Western and Southern India, despite seasonal softness in the winter quarter

    Rights Issue Update
    • Successfully completed a ₹9,999.48 lakh Rights Issue, strengthening the company’s capital base

    • Rights Issue ratio set at 45 equity shares for every 301 fully paid-up equity shares held

    • Proceeds to be utilised for part-funding capital expenditure towards a new nuts processing and packaging facility in Kolhapur, Maharashtra

    • Allocation towards working capital augmentation, supporting improvement in the working capital cycle

    • Balance allocated for general corporate purposes

    • The capital raise enhances balance sheet strength and supports capacity-led, margin-accretive growth

    Operational & Business Highlights

    Geographical Reach
    • Krishival Nuts expanded its footprint to 110+ Tier II and Tier III cities and towns, supported by a network of 10,000+ retail touchpoints

    • Melt N Mellow is now available across 26,000+ retail touchpoints spanning Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh

    • As of December 31, 2025, the Company has deployed 9,895 deep freezers across retail touchpoints in Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh, strengthening cold-chain infrastructure and enhancing on-ground brand visibility

    Exports
    • Krishival Nuts established presence in Singapore with distribution across 300+ retail touchpoints

    • Export revenue for the quarter stood at ₹1.68 crore, contributing approximately 3% of total sales

    Strategic Outlook
    • Expand nuts and dried fruits processing capacity from 10 MT per day to 40 MT per day over the next three years, supporting long-term volume growth and margin expansion

    • Ice Cream Division operates a state-of-the-art facility with installed capacity of 1 lakh litres per day, with a phased ramp-up to full utilisation planned over the next three years

    • Strengthen presence across Maharashtra, Madhya Pradesh, Delhi NCR, Karnataka, Telangana, and Andhra Pradesh, deepening penetration in both existing and new markets

    • Scale exports in Singapore and the United States, building on early traction to expand global reach

    • Integrated value chain, dual-brand portfolio, and early leadership in Tier II and Tier III markets position the Company for sustainable, profitable growth and a premium-yet-accessible brand proposition

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  • Nandani Creation Limited Crosses Rs 100 Crore Sales Milestone in CY2025; Delivers Third Consecutive Quarter of Strong Growth in FY26

    Nandani Creation Limited Crosses Rs 100 Crore Sales Milestone in CY2025; Delivers Third Consecutive Quarter of Strong Growth in FY26

    Mumbai (Maharashtra) [India], February 12: Nandani Creation Limited (NCL), India’s leading women’s wear company operating under its flagship brand “Jaipur Kurti”, announced its results for Q3 and 9M ended on December 31st, 2024, on 09th February, 2026.

    Financial Performance:

    • Strong Revenue Momentum

    Net Sales grew 65% YoY in 9MFY26 and 100% YoY in Q3FY26, marking the third consecutive quarter of robust top-line growth despite a challenging industry environment.

    • Stable EBITDA Margins with Strategic Investments

    EBITDA margin remained steady in the ~7% range during 9MFY26. The moderation versus the prior year is primarily due to a deliberate strategic shift from own manufacturing to flexible, demand-based sourcing and increased investments in brand-building initiatives.

    Key highlights: 

    • 100 Cr Brand Milestone Achieved:

    Flagship brand Jaipur Kurti crossed ₹100 crore in sales for Calendar Year 2025 – a ~46% YoY growth – positioning the company among a select group of Indian women’s ethnic wear brands that have scaled to this level while maintaining profitable operations.

    • Brand Premiumization Driving Higher Realizations

    A proactive shift towards aspirational brand positioning, supported by an expanding offline retail presence and an increased focus on premium offerings such as Jaipur Kurti Luxe and Amaiva – by Jaipur Kurti, has resulted in a healthy improvement in Average Selling Price (ASP), as such

    • ASP in offline (retail) channels increased to ₹2,669 in 9MFY26, from ~ ₹1,707 in 9MFY25.
    • ASP in online marketplace channels improved to ~ ₹1,147 in 9MFY26, compared to ₹1,108 in 9MFY25.

    Hence, improving revenue quality and setting the stage for better margins ahead.

    • Smart Channel Diversification & High-Growth Expansion

    Optimized existing mix during 9M:

    • 3rd-party online marketplaces (Myntra, Nykaa, Flipkart, Ajio, InstaMart etc.): 35%
    • 3rd-party retail presence (Trends, Centro, Shoppers Stop, SIS, LFRS etc.): 29%
    • Own channels (EBOs + Website + Wholesale): 36%

    New channels scaling rapidly:

    • Presence in 100+ Reliance Trends stores, 12+ Centro, 12+ Shoppers Stop, 40+ Avantara & Kalanikethan Stores
    • Quick commerce already contributing ~3% of total sales
    • Additional LFRS and quick-commerce rollouts planned for coming quarters
    • Efficient Omni-Channel Model with Strong Operational Leverage
    • 16+ Exclusive Brand Outlets / Franchisees operational
    • 80+ SIS counters across key markets
    • Omni-channel experience live and expanding
    • Strategic partnerships with all major online platforms + leading national LFRS and quick-commerce players

     

    Commenting on the results, Mr. Anuj Mundhra, Chairman & Managing Director of Nandani Creation Limited commented:

    “The Indian fashion retail industry has faced several challenges over the past few quarters, including subdued consumer demand and persistent inflationary pressures, which impacted discretionary spending across the sector.

    Despite these headwinds, Nandani Creation Limited delivered a strong performance during the nine-month period. I am pleased to share that we achieved ₹100+ crore in sales during calendar year 2025, reflecting the strength of our brand, diversified channel presence, and disciplined execution.

    Going forward, based on improving customer traction and expanding distribution reach, we believe we are well-positioned to increase our market share and evolve into a leading brand in women’s Indian wear.”

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  • Indo SMC Limited Announces Strong Q3 FY26 Performance

    Indo SMC Limited Announces Strong Q3 FY26 Performance

    Ahmedabad (Gujarat) [India], February 12: Indo SMC Limited (BSE: 544681), an ISO-certified manufacturer specializing in SMC, FRP, and electrical components for power distribution and infrastructure applications, has announced its unaudited financial results for the third quarter ended December 31, 2025 (Q3 FY26).

    The Company delivered a robust operational and financial performance during the quarter, supported by strong order inflows, improved execution, and disciplined cost management.

    Q3 FY26 Highlights

    • Total Income₹10,159.11 lakhs, up 35% QoQ

    • EBITDA: ₹1,645.38 lakhs, up 23% QoQ

    • EBITDA Margin: 16.20%

    • Net Profit (PAT): ₹1,209.73 lakhs, up 34% QoQ

    • Net Profit Margin: 11.90%

    Q3 FY26 Business Highlights

    • Secured ₹54+ crore of fresh orders across 11 kV metering cubicles, FRP cable trays, and SMC meter boxes, strengthening revenue visibility.

    • Secured ₹40+ crore of fresh orders for supply of HT Air Insulated Bus Ducts rated for 650A, designed for underground high-tension power distribution systems.

    • Received MSEDCL vendor approval for 11 kV metering cubicles, enabling participation in large utility tenders.

    • Continued repeat orders from reputed customers, reflecting strong customer relationships.

    • Improved working capital efficiency, with receivable days reduced to ~40 days in Q3 FY26.

    Commenting on the performance, Mr. Neel Nitesh bhai Shah, Managing Director & CFO, Indo SMC Limited, said:

    “Q3 FY26 marked an important milestone for Indo SMC as our first earnings call following listing. The quarter reflected strong operational execution and progress across key business priorities, supported by disciplined execution and a continued focus on quality and customer relationships.

    During the quarter, we secured fresh orders, strengthening our overall order book and providing strong revenue visibility for the coming quarters. Key developments included receiving utility approvals for metering cubicles, continued repeat orders from existing customers, and a significant improvement in working capital efficiency, reflecting better collections and disciplined financial management.”

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