State-owned lender Central Bank of India reported a strong improvement in profitability in the third quarter ended December 2025, posting a 32% year-on-year rise in net profit to ₹1,263 crore, aided by lower bad loans and reduced provisioning. The Mumbai-based bank had reported a net profit of ₹959 crore in Q3 of the previous fiscal year, according to a regulatory filing. Total Income and Interest Earnings Rise During the quarter, total income increased to ₹10,969 crore, compared with ₹9,739 crore in the same period last year. The bank’s interest income rose to ₹9,033 crore, up from ₹8,509 crore a year…
Author: Adarsh Kumar
Online astrology platform AstroTalk has rapidly scaled its e-commerce business, with its spiritual products arm AstroTalk Store generating over ₹140 crore in revenue in calendar year 2025, the company said in a statement. Launched in November 2024, the AstroTalk Store is currently operating at an annualised run rate (ARR) of more than ₹200 crore, marking one of the fastest scale-ups in India’s trust-led spiritual commerce segment. From Pilot to Scaled Business AstroTalk said the Store was initially incubated with a modest internal investment of ₹30 lakh, aimed at testing demand for authenticated, astrology-led spiritual products. Following early traction and strong…
IT services major Tech Mahindra reported a 14% year-on-year increase in consolidated net profit to ₹1,122 crore for the third quarter of FY26, driven by steady revenue growth, strong deal wins, and continued margin expansion. The company had posted a net profit of ₹983.2 crore in Q3 FY25, according to its regulatory filing. On a quarter-on-quarter basis, profit declined 6.03% from ₹1,194 crore in Q2 FY26. Revenue Sees Steady Growth Tech Mahindra’s revenue from operations rose 8.34% YoY to ₹14,393 crore in Q3 FY26, compared with ₹13,285 crore in the same quarter last year. Sequentially, revenue increased 2.85% from ₹13,994…
Bengaluru-based home healthcare services provider Portea reported a marked improvement in its financial performance in the fiscal year ended March 2025, as steady revenue growth coupled with controlled expenses helped the company halve its losses. According to its consolidated financial statements filed with the Registrar of Companies (RoC), Portea’s revenue from operations grew 15% year-on-year to ₹160 crore in FY25, up from ₹139 crore in FY24. At-Home Services Remain Core Revenue Driver Portea offers a wide range of at-home healthcare services, including nursing, physiotherapy, medical equipment rentals, attendant care, lab tests, doctor consultations, and specialised care. Revenue from services remained…
Digital health and diabetes management startup Sugar.fit reported strong top line growth in the fiscal year ended March 2025, even as losses narrowed modestly amid rising operating expenses. According to its financial statements filed with the Registrar of Companies (RoC), Sugar.fit’s revenue from operations surged 77% year-on-year to ₹66.5 crore in FY25, compared to ₹37.5 crore in FY24. Service Revenue Drives Scale-Up Sugar.fit offers a technology enabled diabetes care programme that combines digital tools with personalised human intervention. Revenue from services remained the sole source of operating income for the company. Including other income of ₹8.5 crore, Sugar.fit’s total income…
Jio Financial Services reported a 9% year-on-year decline in consolidated net profit to ₹269 crore for the third quarter ended December 31, 2025, even as total income nearly doubled during the period. The company had posted a consolidated net profit of ₹295 crore in Q3 FY25, according to a regulatory filing. Sequentially, profit declined sharply from ₹695 crore reported in Q2 FY26. Total Income Nearly Doubles YoY During the quarter, total income surged to ₹901 crore, up from ₹449 crore in the year-ago period, reflecting scale up across its financing, payments, and allied financial services businesses. However, the strong top…
Managed office space provider Smartworks delivered a strong operational performance in the third quarter of FY26, reporting double-digit revenue growth and turning profitable during the period. According to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE), Smartworks’ revenue from operations rose 34% year-on-year to ₹472 crore in Q3 FY26, compared with ₹352 crore in the corresponding quarter last year. Core Office Services Drive Growth Smartworks derives the bulk of its revenue from the development, design, and licensing of managed and serviced office spaces, along with fit-out services. The company also earns income from ancillary offerings linked…
Digital automotive marketplace Cars24 reported steady improvement in financial efficiency in the first half of FY26, delivering double-digit revenue growth while significantly reducing losses, even as overall vehicle transaction volumes remained largely flat. According to the company’s performance update, adjusted net revenue rose 18% year-on-year to ₹651 crore in H1 FY26. During the same period, adjusted EBITDA loss narrowed 36% YoY to ₹162 crore, driven by tighter cost control and higher automation. Cost Discipline Drives Margin Improvement Operating expenses remained broadly flat at ₹719 crore, despite revenue growth, highlighting improved operating leverage. The company said increased automation and tighter execution…
Bengaluru-based men’s apparel brand The Indian Garage Co more than doubled its operating scale in FY25, even as rising costs pushed the company into losses during the year. The company’s operating revenue jumped 100% to ₹204 crore in FY25, up from ₹101.5 crore in FY24, according to financial statements filed with the Registrar of Companies (RoC). Including other income, total income stood at ₹207 crore, compared with ₹103 crore a year earlier. The Indian Garage Co operates a direct-to-consumer model, designing and selling men’s apparel across the mass-premium segment through its in-house brands. Sales of apparel products remained its sole…
The Coca-Cola Company on Wednesday announced a major leadership reshuffle as part of a broader reorganisation under incoming global chief executive Henrique Braun, aimed at sharpening focus on high growth markets across Asia, Africa and the Middle East. As part of the changes, Sanket Ray, president of the India and Southwest Asia operating unit, has been given additional responsibilities. Effective March 31, Ray will also oversee operations across Greater China and Mongolia, as well as Japan and South Korea, significantly expanding his regional mandate. Coca-Cola said it is creating two new market groupings that will report directly to Braun. The…