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Tag: Smruti Bhalerao business sector coverage

  • Revenue growth steadies at Ajax Engineering as non SLCM and services segments expand in 9M FY26

    Shubhabrata Saha, Managing Director and Chief Executive Officer of Ajax Engineering Limited, outlines transition impact on Q3 margins and long term portfolio strategy

    Mumbai, 12 February 2026: Ajax Engineering Limited reported revenue of ₹1,345 crore for the nine months ended FY26, reflecting a 2 percent year on year increase. Growth during the period was supported by a 4.5 percent rise in non SLCM revenue and a 14 percent increase in Spares and Services revenue, indicating a gradual shift toward a more diversified revenue mix.
    In Q3 FY26, revenue from operations stood at ₹434 crore compared to ₹548 crore in Q3 FY25. The quarter was affected by extended monsoon conditions, transition to new emission norms, slower project execution and customer cash flow constraints.

    Adjusted EBITDA for Q3 FY26 was ₹48 crore compared to ₹88 crore in the corresponding quarter last year. EBITDA margin stood at 11.0 percent versus 16.1 percent in Q3 FY25, impacted by higher production costs linked to the emission transition, changes in product mix and one time marketing and promotion expenses.
    For 9M FY26, adjusted EBITDA stood at ₹154 crore compared to ₹207 crore in the previous year period, with an adjusted EBITDA margin of 11.5 percent. Profit after tax for Q3 FY26 was ₹38 crore compared to ₹68 crore in Q3 FY25, while 9M FY26 profit after tax stood at ₹130 crore against ₹169 crore in the corresponding period last year.

    Shubhabrata Saha, Managing Director and Chief Executive Officer of Ajax Engineering Limited, said the construction equipment industry has experienced a transitional phase due to extended monsoons, emission norm changes and slower project execution. He said the company maintained leadership

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Wealth Management Broadens Scope as Standard Chartered Integrates Health and Wearable Solutions

    Aditya Mandloi, Head of Wealth and Retail Banking, India and South Asia, Standard Chartered, joins Krishnan Ramachandran, Managing Director and Chief Executive Officer, Niva Bupa, and Todd Stiefler, Vice President Enterprise, WHOOP, to outline the integrated affluent proposition

    12 February 2026, India: The intersection between financial security and personal wellbeing is becoming increasingly central to affluent banking strategies, as Standard Chartered introduces a health and wellness proposition for its affluent clients in India.
    The offering has been developed in collaboration with Niva Bupa and WHOOP, combining insurance protection and wearable-driven health monitoring with wealth management services. The initiative aims to extend the bank’s affluent proposition beyond traditional financial planning by incorporating preventive healthcare access and wellness tracking tools.

    Under the partnership, Niva Bupa provides its newly launched ReAssure 3.0 plan featuring unlimited health cover, global health coverage up to ₹5 crore, and a virtual concierge service exclusively for Standard Chartered clients. The concierge supports claims processing, renewals, and policy servicing. WHOOP contributes wearable devices that provide data-driven insights across sleep, recovery, cardiovascular indicators, and overall wellness metrics, alongside personalised coaching.
    Aditya Mandloi, Head of Wealth and Retail Banking, India and South Asia, Standard Chartered, said prosperity extends beyond financial capital to include personal health and wellbeing. He stated that the collaboration seeks to bridge the gap between financial planning and proactive health management by integrating protection and technology within the affluent banking ecosystem.

    Krishnan Ramachandran, Managing Director and Chief Executive Officer, Niva Bupa, said the partnership builds on a decade-long association and introduces unlimited coverage and global protection features tailored for Standard Chartered clients. He noted that rising healthcare costs require solutions that integrate protection with convenience.
    Todd Stiefler, Vice President Enterprise, WHOOP, said the collaboration reflects a shared approach toward embedding proactive health management into everyday life through science-backed insights and personalised performance tracking.

    The proposition reflects a broader shift in wealth management models, where financial institutions increasingly align capital preservation strategies with health resilience and lifestyle stability for long-term client engagement.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.