News Overview

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

Net profit for the quarter stood at ₹1,205 crore, up from ₹1,101 crore a year earlier, reflecting stable demand trends and operational efficiency.

The company posted a 42.4% year-on-year jump in consolidated net profit at ₹743 crore.