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Slice Small Finance Bank records maiden profits in H1 FY26

EntrackrEntrackr · 7d ago
Slice Small Finance Bank records maiden profits in H1 FY26
Medial

Slice Small Finance Bank (SSFB), formed after the merger of fintech Slice and North East Small Finance Bank, has reported its first profit since the amalgamation. The lender posted a net profit of Rs 7 crore for the first half of FY26, marking a turnaround from a loss of Rs 217 crore in FY25 and Rs 153 crore in FY24, according to CRISIL’s latest rating report. During the April–September 2025 period, SSFB’s pre-ESOP profit stood at Rs 43 crore, of which Rs 36.5 crore was transferred to the employee stock option reserve. CRISIL noted that the bank’s profitability was better than anticipated, aided by net interest margins of 11.1% (annualised) and credit costs of 2.4%, even as the cost of funds rose slightly due to legacy high-cost borrowings inherited from North East Small Finance Bank. According to the report, the bank’s assets under management (AUM) jumped to Rs 3,759 crore as of September 2025 from Rs 2,954 crore in March 2025, showing rapid growth after the merger became effective in October 2024. The portfolio mix remained dominated by digital unsecured personal loans, which accounted for about 76% of AUM, followed by MSME loans (14%) and other lending categories. Deposits also saw strong traction, which rose 61% in H1 FY26 to Rs 3,896 crore, with a healthy CASA ratio of 27.5%, up from Rs 2,418 crore at the end of FY25. In line with this improved performance, CRISIL revised its outlook on the bank’s Lower Tier-II bonds to ‘Positive’ from ‘Stable’, reaffirming the rating at BBB-. The agency said “the outlook revision reflects SSFB’s strengthening market position, improved profitability, and adequate capitalisation”. As of September 2025, the lender’s capital adequacy ratio stood at 18.1%, supported by a net worth of Rs 891 crore, compared to Rs 849 crore in March 2025. While asset quality remains modest, its gross NPAs declined to 5.8% and net NPAs to 4.2%, down from 6.3% and 4.7% in FY25. CRISIL cautioned that the bank’s ability to sustain its profitability and maintain stable asset quality as it scales operations will be a key rating sensitivity going forward.

All you need to know about Greater Noida Authority’s commercial plots scheme

Money ControlMoney Control · 1y ago
All you need to know about Greater Noida Authority’s commercial plots scheme
Medial

The Greater Noida Industrial Development Authority (GNIDA) has launched a scheme for the sale of 12 commercial plots in Greater Noida. These plots will be used to build commercial complexes, malls, and other commercial stores. The plots are located across four different sectors and have good connectivity with the Yamuna Expressway and Eastern Peripheral Expressway. The sizes of the plots range between 3,600 and 10,600 square meters, with a reserve price of Rs 90,821 per square meter. The allotment will be done through an e-auction, and the payment can be made in full or through a 3-year installment plan. The plots have a floor area ratio of 4, allowing for more high-rise commercial buildings in the region.

WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

EntrackrEntrackr · 7d ago
WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26
Medial

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter. The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25. On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost to Rs 579 crore in the second quarter. WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25. WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 crore. WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).

Awfis posts Rs 335 Cr revenue in Q1 FY26; profit jumps 3.5x

EntrackrEntrackr · 3m ago
Awfis posts Rs 335 Cr revenue in Q1 FY26; profit jumps 3.5x
Medial

Fintrackr All Stories Awfis posts Rs 335 Cr revenue in Q1 FY26; profit jumps 3.5x Co-working solutions provider Awfis has announced its financial results for the first quarter of FY26, registering decent growth in its revenue while more than tripling its profit in the first quarter of FY26. The company’s revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 18 crore which drove its total income to Rs 353 crore for the quarter. On a quarterly basis, the firm’s revenue fell 1.5% from Rs 340 crore in Q4 FY25. Founded in 2015, Awfis provides office spaces for startups, SMEs, and large corporations, along with services such as food and beverages, IT support, and infrastructure solutions. Revenue from co-working spaces remained the largest segment, growing 49% to Rs 276 crore in Q1 FY26 from Rs 185 crore in Q1 FY25. The construction and fit-out projects segment brought in Rs 58 crore, while other services contributed Rs 1 crore to the overall revenue in Q1 FY26. On the expense side, depreciation was the largest burn, standing at Rs 86 crore, whereas employee benefits expenses decreased to Rs 30 crore. Subcontracting expenses fell 15% YoY to Rs 47 crore. Finance costs amounted to Rs 46 crore, which pushed the firm’s total cost to Rs 343 crore in the previous quarter. Due to steady growth and controlled expenses, Awfis’ profit surged 3.5X to Rs 10 crore in Q1 FY26 from Rs 2.8 crore in Q1 FY25. Awfis has allotted 136,777 Employee Stock Options, currently valued at Rs 7.6 crore, as part of its 2024 Employee Stock Option Scheme. Awfis’ stock is trading at Rs 557 with a total market capitalization of Rs 3,971 crore (approximately $453 million).

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