Elgi Equipments Q1 FY26 PAT Rises 17.5% to Rs 850.6 Million

14 Aug 2025 CW Team

Elgi Equipments, a global manufacturer of air compressors, reported total income of Rs 8.86 billion for Q1 FY26, up 8.8 per cent from Rs 8.14 billion in Q1 FY25 and 0.7 per cent higher than Rs 8.80 billion in Q4 FY25. The growth reflects continued market momentum and a solid order book across its oil-free and oil-lubricated compressor segments.

Profit before tax stood at Rs 1.14 billion, registering a 14.8 per cent increase year-on-year and a 4 per cent rise quarter-on-quarter. Profit after tax rose to Rs 850.60 million, up 17.5 per cent Y-o-Y and 12.3 per cent Q-o-Q. Earnings per share climbed to Rs 2.70 from Rs 2.40 in the previous quarter and Rs 2.30 a year ago.

Total expenses for the quarter were Rs 7.71 billion, up 8 per cent Y-o-Y and marginally higher by 0.2 per cent Q-o-Q, in line with revenue growth. The company’s ability to grow profitability alongside expenses indicates effective cost management and operational efficiency.

With a global footprint across multiple industries including manufacturing, construction, and agriculture, Elgi Equipments continues to invest in innovation and customer-centric solutions to strengthen its market position.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..