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Slice Small Finance Bank records maiden profits in H1 FY26

EntrackrEntrackr · 2m 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.

Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20%

EntrackrEntrackr · 1m ago
Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20%
Medial

Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20% Eyewear brand Lenskart announced its financial results for Q2 FY26 after debuting on Indian stock exchanges earlier this month. The firm’s revenue increased by 21% during the second quarter while its profit also rose by 20% and neared the Rs 150 crore threshold in the same period. The company’s revenue from operations increased to Rs 2,096 crore in Q2 FY26 from Rs 1,736 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 33 crore, which drove its total income of Rs 2,129 crore for the quarter. However, for the six months period ending September 2025, the firm’s revenue increased 23% to Rs 3,991 crore in H1 FY26 from Rs 3,256 crore in H1 FY25. On the expense side, cost of material was the largest burn which accounted for 33% of the total expense. This cost increased by 19% to Rs 650 crore in Q2 FY26 from Rs 546 crore in Q2 FY25. Employee benefit expense rose 55% to Rs 502.5 crore in Q2 FY26 from Rs 325 crore in Q2 FY25. Finance cost, depreciation cost were other overheads which added to the total expense which increased by 18.5% to Rs 1,980 crore in Q2 FY26. Lenskart’s profit increased by 20% to Rs 103 crore in Q2 FY26 as compared to Rs 86 crore in Q2 FY25. On a half-yearly basis, its profit increased by 120% to Rs 165 crore in H1 FY26 as compared to Rs 75 crore in H1 FY25. Lenskart made a tepid debut on the Indian stock exchanges, listing at Rs 395 per share on the NSE, about 1.7% lower than the issue price of Rs 402. The Gurugram-based company raised Rs 2,150 crore through a fresh issue and Rs 5,028 crore via an offer for sale (OFS), valuing the company at around Rs 70,000 crore ($8 billion). According to exchange data, Lenskart’s IPO was oversubscribed 28.26 times with the retail portion at 7.53X, QIBs (ex-anchors) at 40.35X, Non-Institutional Investors (NIIs) at 18.2X and employee portion subscribed 4.96 times. During the last trading session, its share traded at Rs 411.80, giving the firm a total market capitalization of Rs 71,441 crore ($7.9 billion).

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.

Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26

EntrackrEntrackr · 3d ago
Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26
Medial

Digital investment platform Groww on Wednesday reported its first set of quarterly results since listing on the stock exchanges. The company posted a 25% rise in revenue during the third quarter, although its profit declined by 28% over the same period. The company’s revenue from operations increased to Rs 1,216 crore in Q3 FY26 from Rs 974.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 45 crore, which drove its total income to Rs 1,261 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 19% from Rs 1,019 crore in Q2 FY26. However, for the nine months period ending December 2025, the firm’s revenue remained flat at Rs 3,139 crore. On the expense side, employee benefit was the largest burn which accounted for 30% of the total expense at Rs 157 crore in Q3 FY26. Finance cost stood at Rs 10 crore, while depreciation cost added Rs 9 crore to the total expense which stood at Rs 515.5 crore in Q3 FY26. Groww’s net profit decreased by 28% to Rs 547 crore in Q3 FY26 as compared to Rs 757 crore in Q3 FY25. For the nine months period ending December 2025, the company reported a profit of Rs 1,397 crore. Sequentially, Groww reported a 16% surge in net profit (PAT) to Rs 547 crore in Q3 FY26 from Rs 471 crore in Q2 FY26. The year-on-year decline was largely due to a one-time gain (net of taxes) of Rs 315 crore booked in Q3 FY25. Groww made a strong debut on the Indian stock exchanges in November last year, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112. Groww India’s share is trading at Rs 158 (as of 12:51 PM), giving the company a total market capitalization of Rs 97,595 crore ($11.21 billion).

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