NYKAA Q2 BIZ
Nykaa Reports Strong Q2 FY26 Momentum; GMV Growth Nearing 30% Driven by Beauty & Fashion
Robust Growth: Consolidated GMV growth expected close to 30% YoY, led by strong traction in Beauty and Fashion verticals.
Beauty Vertical: Continues strong double-digit growth with support from brands like Dot & Key, Kay Beauty, and Nykaa Cosmetics.
Fashion Vertical: NSV growth in higher mid-20s, net revenue growth improving to low 20s on better brand assortment and customer acquisition.
Overall Revenue: Consolidated net revenue growth projected in mid-20s, marking over 10 consecutive quarters of sustained growth.
Festive Boost: Early festive season start aiding Q2 performance; government’s GST reforms expected to further support discretionary demand.
TechEra Engineering
Co Wins ₹4.66 Crore Order from PSU for Aviation MRO Equipment Supply
Order Value: ₹4.66 crore (including taxes) from a renowned PSU for supply of MRO-related ground support & maintenance equipment for aviation applications.
Execution Period: 60 days — short-cycle commercial order, quick revenue realization.
Domestic Order: Strengthens company’s presence in India’s aviation & defence-support ecosystem.
Management View: CMD Nimesh Desai said the order validates TechEra’s technical capabilities and will reinforce its position as a reliable partner to PSUs.
Outlook: Company reported strong H1 FY26 performance with higher margins and better execution efficiency.
HCL Infosystems
Co Wins Arbitration Case Against UIDAI Worth ₹102.81 Crore
Arbitration Award: HCL Infosystems received final order granting ₹102.81 crore (plus 10% annual interest) in its favour from UIDAI.
Dispute Background: Case related to recovery of dues for MSP services provided between Aug 2019 – Aug 2021.
UIDAI Counterclaim: UIDAI’s ₹72.71 crore counterclaim fully disallowed by the arbitrator.
Financial Impact: Positive inflow expected once recovered; strengthens liquidity and balance sheet.
Impact: Positive — boosts cash position, morale, and legal credibility of the company.
UTKARSH SFB Q2 BIZ UPDATE
Gross Loan Portfolio: ₹18,655 Cr, down 2.3% YoY and 3% QoQ due to JLG contraction.
JLG Loan Portfolio: Fell 28.4% YoY to ₹7,613 Cr — decline in microfinance lending.
Non-JLG Loans: Strong growth of 30.3% YoY to ₹11,042 Cr — retail, SME & secured lending gaining share.
Total Deposits: Stable at ₹21,447 Cr, up 11.8% YoY; QoQ flat.
CASA Deposits: Up 17.3% YoY to ₹4,471 Cr; CASA ratio improves to 20.9% (vs 19.6% YoY).
CASA + Retail Term Deposit Share: Rises to 78% (vs 68.4% YoY) — healthy deposit mix.
Liquidity Coverage Ratio: Comfortable at 219%.
INTERGLOBE / SPICEJET
DGCA reviews airfare trends ahead of festive season rush; asks airlines to augment flight capacities by deploying additional flights.
Airline Deployment:
- IndiGo: ~730 additional flights across 42 sectors
- AirIndia & AirIndia Express: ~486 additional flights across 20 sectors
- SpiceJet: ~546 additional flights across 38 sectors
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