News Overview

This marks a significant improvement from the ₹64.3 crore profit recorded in the same period last year.

EBITDA for the quarter also resulted in a loss of ₹954 Crore. In the same quarter, the business posted an EBITDA loss of ₹544 Crore.

The market reaction followed Kousgi's resignation announcement on October 28. He cited personal career aspirations as the reason for stepping down.

The company’s net profit came in at ₹148.30 Crore. In the year-ago period, the business reported a net profit of ₹141.80 Crore.

Equity fund short term returns came under pressure in July 2025, but things looked much better for debt funds

Revenue for the quarter inched up 3.2% to ₹809 crore. This is reflecting a steady performance in the company’s bearings and mechanical power transmission businesses.

The Bengaluru residential asset contributed ₹439 crore in revenue during the quarter.

The company reported total insurance premiums of ₹6,616 crore, marking a 36% growth over last year.

Margins also improved notably, with EBITDA margin expanding to 20.5% from 19.1% in Q1FY25.

Fiscal deficit at 17.9% of full year target shows reality check in June, as RBI dividend effect gets neutralized