NSE மற்றும் BSE-யின் ஒவ்வொரு கார்ப்பரேட் அறிவிப்பும், AI-யால் சில நிமிடங்களில் படிக்கப்பட்டு விளக்கப்படுகிறது — தாக்கம், முக்கிய புள்ளிவிவரங்கள், குறுகிய/நீண்டகாலப் பார்வை, கவனிக்க வேண்டியவை.
குறிப்பு: இவை NSE பொது அறிக்கைகளின் AI-உருவாக்கிய, கல்வி நோக்கச் சுருக்கங்கள் — ஒவ்வொரு ஆவணத்தையும் ஆதாரமாகக் கொண்டவை, ஆனால் முதலீட்டு ஆலோசனை அல்ல, மேலும் முழுமையற்றதாகவும் இருக்கலாம். அசல் அறிக்கையுடன் சரிபார்க்கவும், செயல்படுவதற்கு முன் SEBI-பதிவு பெற்ற முதலீட்டு ஆலோசகரை அணுகவும்.
CARE Reaffirms Harrisons Malayalam Ratings; Outlook Upgraded to Stable on Improved Performance
CARE Ratings has reaffirmed Harrisons Malayalam's long-term rating at 'CARE BBB' while upgrading the outlook from 'Negative' to 'Stable'. This shift reflects a significant financial turnaround, with the company reporting a PAT of ₹14.90 crore in FY25 compared to a loss of ₹7.29 crore in FY24. Performance was bolstered by a 20% increase in tea realisations to ₹169/kg and a 14.5% rise in rubber realisations. The company maintains a comfortable capital structure with an overall gearing of 0.67x as of March 2025.
முக்கிய அம்சங்கள்
Long-term rating for ₹107.22 crore bank facilities reaffirmed at CARE BBB with outlook revised from Negative to Stable.Company achieved a PAT of ₹20.01 crore in 9MFY26, significantly exceeding the full-year FY25 PAT of ₹14.90 crore.Tea yields improved to 1,970 kg/ha in H1FY26 from 1,560 kg/ha in H1FY25, supported by favorable weather.Overall gearing remains comfortable at 0.67x, with expected cash accruals of ~₹26 crore in FY26 against debt obligations of ₹14.02 crore.Diversification into tourism is underway with four new experiential bungalows being developed in tea estates.
👀 கவனிக்க வேண்டியவை
The outlook upgrade to Stable signals a recovery in the tea segment and sustained strength in rubber prices. Investors should monitor the company's ability to manage high labor costs (44% of total cost) and the expected improvement in rubber mature areas starting FY27.
Piramal Finance Receives Listing Approval for Modified NCDs with Higher Coupon Rates
Piramal Finance Limited has received listing and trading approval from BSE and NSE for modified Non-Convertible Debentures (NCDs) following a revision in coupon rates. The coupon rate for the 2028 maturity NCD has been increased from 9.27% to 9.52%, while the 2029 maturity NCD has been raised from 9.5109% to 9.7609%. Consequently, the old ISINs have been suspended and replaced with new ISINs (INE202B07JY0 and INE202B07JX2) which are now active for trading. This administrative update ensures the continued liquidity of these debt instruments under the revised terms.
முக்கிய அம்சங்கள்
Listing and trading approval granted by BSE and NSE for two modified NCD ISINsCoupon rate for 2028 NCDs increased by 25 basis points from 9.27% to 9.52%Coupon rate for 2029 NCDs increased by 25 basis points from 9.5109% to 9.7609%Old ISINs INE516Y07014 and INE516Y07063 suspended and replaced by new ISINsTrading in new ISINs INE202B07JY0 and INE202B07JX2 is now active on both exchanges
👀 கவனிக்க வேண்டியவை
Debt investors should update their portfolios with the new ISINs to ensure accurate tracking of holdings and interest accruals. Equity investors should note the marginal increase in the company's interest payout obligations.
S&P Upgrades Piramal Finance to 'BB' with Stable Outlook; Retail AUM Reaches ₹86,000 Cr
S&P Global Ratings has upgraded Piramal Finance's long-term issuer credit rating to 'BB' from 'BB-', reflecting the company's successful transition into a retail-focused lending franchise. The upgrade is supported by a 40% CAGR in retail AUM over the last four years, which now stands at approximately ₹86,000 crore out of a total AUM of ₹96,000 crore. The company has significantly diversified its funding, raising ₹14,000 crore via External Commercial Borrowings (ECBs) and securing USD 350 million from multilateral agencies like IFC and ADB. This rating action highlights improved earnings resilience and a steady reduction in legacy wholesale exposures.
முக்கிய அம்சங்கள்
S&P long-term issuer credit rating upgraded to 'BB' from 'BB-' with a Stable outlook.Retail AUM grew at a 40% CAGR over 4 years to ₹86,000 crore, representing the bulk of the ₹96,000 crore total AUM.Total outstanding borrowings of ₹75,000 crore, with ₹14,000 crore raised through ECBs across FY25 and FY26.Secured USD 350 million in multilateral funding from IFC and ADB, with plans to scale to USD 500 million.Retail loans are projected to account for approximately 85% of the total portfolio by FY26.
👀 கவனிக்க வேண்டியவை
The credit rating upgrade is a positive catalyst that likely reduces future borrowing costs and validates the management's retail-heavy growth strategy. Investors should view this as a sign of improving balance sheet strength, though they should continue to monitor the asset quality of the rapidly expanding retail book.
S&P Global Upgrades Piramal Finance Long-Term Credit Rating to 'BB/Stable'
S&P Global Ratings has upgraded Piramal Finance Limited's long-term issuer credit rating from 'BB-' to 'BB' with a stable outlook. This upgrade reflects the company's strengthening business, financial, and risk profile as an Upper Layer NBFC. Additionally, the short-term issuer credit rating has been reaffirmed at 'B'. The rating action is a positive indicator of the company's improving creditworthiness and its ability to manage risk effectively in the financial sector.
முக்கிய அம்சங்கள்
Long-term issuer credit rating upgraded from 'BB-/Stable' to 'BB/Stable' by S&P GlobalShort-term issuer credit rating reaffirmed at 'B'Rating action reflects strong business and financial profile as an Upper Layer NBFCUpgrade signifies improved creditworthiness and potential for lower borrowing costs
👀 கவனிக்க வேண்டியவை
Investors should view this upgrade as a positive signal regarding the company's balance sheet strength. Monitor if this leads to a reduction in the company's cost of borrowing and improved net interest margins in future quarters.
Piramal Finance Q3 FY26: Growth AUM Up 34% YoY; Consol. PAT Surges to ₹401 Cr
Piramal Finance reported a strong Q3 FY26 with consolidated PAT reaching ₹401 Cr, a 940% YoY increase. Growth AUM (Retail and Wholesale 2.0) rose 34% YoY to ₹91,460 Cr, now representing 95% of the total portfolio. The company successfully reduced its legacy discontinued business to just 5% of total AUM, down from 13% a year ago. Profitability metrics improved significantly with consolidated NIM expanding 51bps YoY to 6.3% and Growth business RoAUM reaching 1.9%.
முக்கிய அம்சங்கள்
Consolidated AUM grew 23% YoY to ₹96,690 Cr, driven by robust retail and new wholesale lending.Legacy AUM reduced to ₹5,230 Cr (5% of total), on track to meet the <5% target by end-FY26.Growth business PBT rose 101% YoY to ₹427 Cr, with credit costs improving to 1.6%.Retail opex-to-AUM continued its downward trend, falling 10bps QoQ to 3.8%.CRISIL recently assigned an AA+ rating to long-term debt, enhancing the company's borrowing profile.
👀 கவனிக்க வேண்டியவை
Investors should view the successful transition to a retail-led model and the rapid liquidation of legacy assets as a major de-risking milestone. The improving NIM and RoAUM trends suggest the company is well on its way to achieving its FY28 AUM target of ₹1.5 lakh Cr.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
Thirumalai Chemicals Appoints K. Anand Kumar as President-Finance; Independent Director Resigns
Thirumalai Chemicals Limited has appointed Mr. K. Anand Kumar as President-Finance and Senior Management Personnel, effective February 14, 2026. Simultaneously, Independent Director Mr. Arun Alagappan has resigned effective March 31, 2026, citing increased professional commitments at his own organization. The board also approved the unaudited financial results for the quarter ended December 31, 2025. Auditor reports indicate that one subsidiary contributed a revenue of ₹749 lakhs with a net loss of ₹347 lakhs for the quarter.
முக்கிய அம்சங்கள்
Appointment of Mr. K. Anand Kumar as President-Finance effective February 14, 2026.Resignation of Independent Director Mr. Arun Alagappan effective March 31, 2026.Approval of standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.One subsidiary reported a net loss of ₹347 lakhs on revenue of ₹749 lakhs for the December quarter.The company maintains a network of 7 subsidiaries across Malaysia, Singapore, USA, Netherlands, and India.
👀 கவனிக்க வேண்டியவை
Investors should monitor the transition in the finance leadership for any shifts in fiscal strategy. The management changes appear routine and the independent director's resignation is not linked to any material governance issues.
Thirumalai Chemicals Q3 PAT Rises 44% YoY to ₹10.52 Cr; New Finance Head Appointed
Thirumalai Chemicals reported a strong performance for the quarter ended December 31, 2025, with consolidated net profit rising 44% year-on-year to ₹10.52 crore. Consolidated revenue from operations grew by 9.2% to ₹504.82 crore compared to the same period last year. The company also announced the appointment of K. Anand Kumar as President-Finance to strengthen its senior management. While Independent Director Arun Alagappan resigned due to other professional commitments, the financial trajectory remains positive with sequential growth in both revenue and margins.
முக்கிய அம்சங்கள்
Consolidated Revenue from operations increased to ₹504.82 crore in Q3 FY26 from ₹462.15 crore in Q3 FY25.Consolidated Net Profit (PAT) grew 44.1% YoY to ₹10.52 crore from ₹7.30 crore.Standalone PAT stood at ₹9.28 crore, reflecting a 45.4% growth compared to ₹6.38 crore in the previous year's quarter.Appointed K. Anand Kumar as President-Finance and Senior Management Personnel effective February 14, 2026.Independent Director Arun Alagappan resigned effective March 31, 2026, citing professional commitments elsewhere.
👀 கவனிக்க வேண்டியவை
The company is demonstrating a healthy recovery in profitability and steady revenue growth. Investors should maintain a positive outlook while monitoring the impact of new leadership on financial strategy and operational efficiency.
Malu Paper Q3 FY26: Revenue Grows 22.6% YoY to ₹76.78 Cr, Net Loss Widens to ₹5.10 Cr
Malu Paper Mills reported a 22.6% YoY increase in revenue to ₹76.78 crore for the quarter ended December 31, 2025. Despite the top-line growth, the company remains loss-making at both the EBITDA and PAT levels, reporting a net loss of ₹5.10 crore for the quarter. Management attributed the losses to challenging market conditions and price competition affecting input cost recovery. However, the company has secured a new supply tender for the Maharashtra State Board, which is expected to improve future capacity utilization and profitability.
முக்கிய அம்சங்கள்
Total Income from Operations increased to ₹76.90 crore in Q3 FY26 from ₹62.76 crore in Q3 FY25.Net Loss widened to ₹5.10 crore for the quarter, compared to a loss of ₹3.67 crore in the year-ago period.EBITDA loss stood at ₹3.09 crore, slightly improved from a loss of ₹3.14 crore in the preceding quarter.Secured a significant tender for Writing and Printing Paper supply to the Maharashtra State Board Textbook Publications.Management is actively pursuing monetization of surplus land assets and promoter capital infusion to improve liquidity.
👀 கவனிக்க வேண்டியவை
Investors should exercise caution as the company continues to report consistent losses and negative EBITDA. While the new government tender and land monetization plans are positive developments, a sustainable turnaround in margins is required before considering a long-term position.
Harrisons Malayalam Q3 PAT Drops 32% YoY to ₹7.64 Cr; 9M Profit Surges 106% to ₹20.02 Cr
Harrisons Malayalam reported a standalone net profit of ₹7.64 crore for the quarter ended December 31, 2025, a 31.8% decline from ₹11.21 crore in the same quarter last year. Revenue from operations remained nearly flat at ₹141.09 crore. However, the nine-month performance shows significant strength, with PAT doubling to ₹20.02 crore compared to ₹9.71 crore in the previous year. The company is currently facing a new legal challenge from the Government of Kerala regarding land ownership in the Wayanad district.
முக்கிய அம்சங்கள்
Q3 Revenue from operations stood at ₹141.09 crore versus ₹142.25 crore in the year-ago period.Net Profit for the quarter decreased to ₹7.64 crore from ₹11.21 crore YoY, with EPS falling to ₹4.14.Nine-month (9M) PAT surged 106% to ₹20.02 crore, driven by improved operational efficiencies earlier in the year.Rubber segment remained the primary profit contributor with ₹9.50 crore, while the Tea segment posted a profit of ₹1.05 crore.A new civil suit was filed by the Kerala Government in October 2025 challenging ownership of several tea estates.
👀 கவனிக்க வேண்டியவை
Investors should weigh the strong nine-month profit growth against the quarterly decline and the ongoing legal risks regarding land titles in Kerala. The stock remains sensitive to commodity price fluctuations in rubber and tea, as well as regulatory developments concerning labour codes.
Nilkamal Q3 FY26 Net Profit Rises 17.5% YoY to ₹25.4 Cr; Revenue Up 12.6%
Nilkamal Limited reported a steady performance for Q3 FY26 with consolidated revenue reaching ₹962.03 crore, a 12.6% increase from ₹854.28 crore in the same period last year. Consolidated Net Profit grew 17.5% YoY to ₹25.40 crore, although it faced a sequential decline from ₹33.66 crore in Q2 FY26. The B2B segment continues to be the primary revenue driver, contributing ₹852.47 crore. Results were impacted by an exceptional item of ₹15.41 crore related to the new Labour Code provisions.
முக்கிய அம்சங்கள்
Consolidated Revenue from Operations grew 12.6% YoY to ₹962.03 crore.Consolidated Net Profit increased 17.5% YoY to ₹25.40 crore from ₹21.62 crore.B2B segment revenue rose to ₹852.47 crore, up from ₹756.36 crore in Q3 FY25.Retail and Ecommerce segment revenue grew 11.9% YoY to ₹109.56 crore.Earnings Per Share (EPS) for the quarter stood at ₹16.93, up from ₹14.40 YoY.
👀 கவனிக்க வேண்டியவை
Investors should focus on the consistent YoY growth in the B2B segment and the improving scale of the Retail/E-commerce division. While the QoQ profit dip and exceptional items are notable, the overall trajectory remains positive for long-term holders.
Piramal Finance Q3 FY26: PAT Surges 940% YoY to ₹401 Cr; Growth AUM Up 34%
Piramal Finance reported a robust Q3 FY26 with consolidated PAT rising 940% YoY to ₹401 Crore, driven by a 34% growth in its core 'Growth AUM'. The company has successfully transitioned to a retail-led model, with retail now accounting for 82% of the total AUM of ₹96,690 Crore. Profitability is improving, with the Growth Business RoAUM reaching 1.9% and NIMs expanding to 6.3%. The legacy wholesale book has been significantly reduced to just 5% of the total portfolio, clearing the path for future growth.
முக்கிய அம்சங்கள்
Total AUM grew 23% YoY to ₹96,690 Crore, with Growth AUM rising 34% YoY to ₹91,460 Crore.Consolidated Net Interest Margin (NIM) expanded by 51 bps YoY to 6.3% in Q3 FY26.Legacy (discontinued) AUM reduced to ₹5,230 Crore, now representing only 5% of the total book compared to 13% a year ago.Growth business PBT stood at ₹427 Crore, up 101% YoY, with a RoAUM of 1.9%.Company maintains a strong capital position with a Net Worth of ₹27,872 Crore and a low Debt-to-Equity ratio of 2.7x.
👀 கவனிக்க வேண்டியவை
The company is successfully executing its 'blueprint for value creation' by scaling retail and cleaning up legacy assets. Investors should view the improving RoAUM and AUM growth targets (₹1.5 Lac Cr by FY28) as positive indicators for long-term re-rating.
Piramal Finance Q3 FY26: 9M PAT Crosses ₹1,000 Cr; AUM Up 23% YoY to ₹96,690 Cr
Piramal Finance reported a robust performance for Q3 FY26, with 9-month consolidated PAT exceeding ₹1,000 crores compared to ₹383 crores in the previous year. Total AUM grew by 23% YoY to ₹96,690 crores, led by a 34% surge in the Growth business segment. A significant milestone was the CRISIL rating upgrade to AA+, which the management expects will reduce borrowing costs by 50-80 basis points. The company is also set to expand its retail footprint by opening 100 new branches in Q4, targeting Microfinance and Gold loan segments.
முக்கிய அம்சங்கள்
9-month consolidated PAT reached ₹1,004 crores, a significant jump from ₹383 crores in 9M FY25.Total AUM grew 23% YoY to ₹96,690 crores, while Growth AUM rose 34% YoY to ₹91,460 crores.CRISIL upgraded long-term debt rating to AA+, providing access to lower-cost funding markets.Retail opex-to-AUM ratio improved to 3.8%, continuing a consistent 3-year downward trajectory.Monetization of Shriram Life Insurance stake for ₹600 crores is expected to conclude in Q4 FY26.
👀 கவனிக்க வேண்டியவை
Investors should monitor the impact of the AA+ rating on borrowing costs and the execution of the new branch expansion in Q4. The steady improvement in operating leverage and asset quality makes this a strong recovery story in the NBFC space.
Piramal Finance Q3 FY26: PAT Surges to ₹401 Cr; Growth AUM Up 34% YoY
Piramal Finance reported a strong Q3 FY26 with consolidated PAT reaching ₹401 Cr, driven by robust growth in its core retail and wholesale 2.0 segments. Total AUM grew 23% YoY to ₹96,690 Cr, with the 'Growth' business now accounting for 95% of the total book. Net Interest Margins (NIM) expanded by 51 bps YoY to 6.3%, while the retail opex-to-AUM ratio improved to 3.8%. The company remains on track to achieve its long-term target of ₹1.5 Lakh Cr AUM by FY28.
முக்கிய அம்சங்கள்
Consolidated AUM grew 23% YoY to ₹96,690 Cr, led by a 34% YoY increase in Growth AUM.Net Interest Margin (NIM) improved to 6.3% from 5.8% YoY, reflecting better product mix and pricing power.Retail asset quality remains stable with 90+ DPD at 0.8%, despite rapid scaling in unsecured segments.Legacy business AUM reduced significantly to ₹5,230 Cr, now representing only 5% of the total portfolio.Secured $350 million in DFI funding from IFC and ADB, and received a CRISIL AA+ rating for long-term debt.
👀 கவனிக்க வேண்டியவை
Investors should note the successful transition from legacy wholesale to a retail-heavy growth engine with improving RoAUM. The stock remains a 'Watch' for sustained execution of the FY28 AUM targets and continued reduction in legacy stress.
Piramal Finance Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025. These results are the first major reporting period following the completion of the Composite Scheme of Arrangement with Piramal Enterprises Limited (PEL), which became effective in September 2025. The company has restated its comparative financial figures to reflect this reverse acquisition. While the group saw profits from certain subsidiaries, it also recorded a share of loss from its life insurance joint venture, Pramerica Life Insurance.
முக்கிய அம்சங்கள்
Board approved Q3 and 9M FY26 results following the reverse acquisition merger with Piramal Enterprises Limited (PEL).Three subsidiaries reported a combined revenue of ₹42.22 crores and a net profit of ₹38.13 crores for the quarter.The group recorded a share of net loss amounting to ₹17.79 crores from its joint venture for the quarter.Deferred tax assets have been recognized based on future taxable profit projections and business growth targets.Financials for comparative periods have been restated in accordance with Ind AS 103 for business combinations.
👀 கவனிக்க வேண்டியவை
Investors should analyze the restated financials to establish a new baseline for the company's performance post-merger. Key focus should remain on the integration synergies with PEL and the company's ability to meet the profit projections required to realize deferred tax assets.
Mallcom (India) Receives [ICRA]A (Stable) Rating for Enhanced Rs 120 Cr Bank Limits
ICRA Limited has reaffirmed Mallcom (India) Limited's long-term credit rating at [ICRA]A with a Stable outlook. The agency also assigned a short-term rating of [ICRA]A1 for the company's working capital facilities. The total rated amount has been enhanced to Rs 120 crore, involving facilities from Citi Bank and ICICI Bank. This rating action underscores the company's sound financial position and its capacity to service debt obligations while managing increased working capital requirements.
முக்கிய அம்சங்கள்
Long-term rating reaffirmed at [ICRA]A with a Stable outlookShort-term rating of [ICRA]A1 assigned for working capital facilitiesTotal rated bank limits increased to Rs 120.00 croreFacilities include Rs 90 crore from Citi Bank and Rs 30 crore from ICICI Bank
👀 கவனிக்க வேண்டியவை
The reaffirmation of a 'Stable' outlook and high short-term rating indicates strong liquidity and creditworthiness. Investors can remain confident in the company's ability to fund its operational needs and manage debt efficiently.
Mallcom (India) Q3 Consolidated PAT Dips 7.7% YoY to ₹8.42 Cr Despite 8.6% Revenue Growth
Mallcom (India) Limited reported a consolidated revenue of ₹113.12 crore for Q3 FY26, marking an 8.6% increase over the same period last year. However, consolidated net profit declined to ₹8.42 crore from ₹9.13 crore YoY, primarily due to losses in its subsidiaries. The company's subsidiaries, Mallcom Safety and Mallcom VSFT, reported a combined net loss of ₹1.27 crore for the quarter, dragging down the overall performance. While the standalone business remains profitable and grew its PAT to ₹9.68 crore, the consolidated margins are under pressure.
முக்கிய அம்சங்கள்
Consolidated Revenue from Operations increased 8.6% YoY to ₹113.12 crore in Q3 FY26.Consolidated Net Profit (PAT) declined by 7.7% YoY to ₹8.42 crore from ₹9.13 crore.Subsidiaries Mallcom Safety and Mallcom VSFT reported a combined net loss of ₹126.67 lakhs for the quarter.Standalone PAT showed growth, rising to ₹9.68 crore compared to ₹9.13 crore in the year-ago quarter.Earnings Per Share (EPS) for the quarter decreased to ₹13.49 from ₹14.62 YoY.
👀 கவனிக்க வேண்டியவை
Investors should closely monitor the performance of the new subsidiaries as their current losses are offsetting the growth in the core standalone business. A neutral stance is advised until the subsidiaries reach a break-even point and stop diluting consolidated earnings.
Mallcom Q3 FY26 Revenue Grows 11.4% to ₹1,311 Mn; EBITDA Margins Rise to 14.71%
Mallcom reported a steady Q3 FY26 with operational income growing 11.4% YoY to ₹1,311 million, driven by increased realizations and market share gains. EBITDA for the quarter rose significantly by 27% YoY to ₹193 million, with margins expanding by 180 bps to 14.71% due to lower raw material costs and operational efficiencies. However, 9M FY26 PAT saw a 14.4% decline to ₹237 million, primarily impacted by higher depreciation and finance costs resulting from major capex. The company's new facilities in Sanand and Chandpur are now operational and expected to drive future volume growth.
முக்கிய அம்சங்கள்
Q3 FY26 EBITDA grew 27% YoY to ₹193 Mn with margins improving to 14.71% from 12.91% YoY.9M FY26 revenue increased 12.5% YoY to ₹3,929 Mn, though PAT fell 14.4% to ₹237 Mn due to expansion-related costs.New manufacturing facilities at Sanand (Gujarat) and Chandpur (West Bengal) are now fully operational.Safety shoes remain the largest product segment, contributing 49% of the 9M FY26 revenue mix.The company maintains a healthy balance sheet with a Net Debt to Equity ratio of 0.35x as of H1 FY26.
👀 கவனிக்க வேண்டியவை
Investors should monitor the ramp-up of the new Sanand and Chandpur facilities, as their contribution to the top line will be crucial for offsetting increased depreciation and interest costs. The margin expansion in Q3 is a positive sign of operational efficiency and cooling input costs.
Mallcom (India) Limited held a board meeting on January 20, 2026, to approve its financial performance for the third quarter and nine months ending December 31, 2025. The company submitted both standalone and consolidated unaudited results to the stock exchanges as per SEBI regulations. These results were accompanied by a limited review report from the statutory auditors, M/s. Agarwal Maheswari & Co. While the specific financial figures were not detailed in the cover letter, this filing marks the official disclosure of the company's quarterly performance.
முக்கிய அம்சங்கள்
Board approved consolidated and standalone unaudited results for the quarter ended December 31, 2025.The results cover the cumulative nine-month period of the 2025-26 financial year.Statutory auditors M/s. Agarwal Maheswari & Co. issued a Limited Review Report on the financials.The board meeting was conducted between 3:05 p.m. and 5:10 p.m. IST on January 20, 2026.
👀 கவனிக்க வேண்டியவை
Investors should download the full financial tables from the exchange to analyze specific revenue and PAT growth figures. Compare these results against year-on-year performance to assess the company's current valuation and growth trajectory.
ICRA Downgrades Thirumalai Chemicals to [ICRA]BBB+ (Negative) Over US Project Cost Overruns
ICRA has downgraded the credit ratings for Thirumalai Chemicals Limited's bank facilities and NCDs totaling over Rs. 1,317 crore. The long-term rating has been moved to [ICRA]BBB+ with a Negative outlook, while short-term ratings are now [ICRA]A2. The downgrade is primarily driven by a moderation in the company's operational performance and significant cost increases in its US-based project. This rating action reflects heightened credit risk and potential pressure on the company's balance sheet.
முக்கிய அம்சங்கள்
Long-term ratings for Rs. 437.05 crore term loans and Rs. 480.50 crore working capital downgraded to [ICRA]BBB+ (Negative).Non-convertible debentures (NCDs) worth Rs. 100 crore downgraded to [ICRA]BBB+ (Negative).Short-term ratings for non-fund based facilities totaling Rs. 100 crore downgraded to [ICRA]A2.Downgrade attributed to moderated company performance and increased capital expenditure for the US project.Total bank limits under surveillance amount to Rs. 1,217.55 crore plus Rs. 100 crore in NCDs.
👀 கவனிக்க வேண்டியவை
Investors should exercise caution as the downgrade and negative outlook signal rising financial stress due to US project delays or cost overruns. Monitor upcoming quarterly results for signs of margin stabilization and updates on the US project's funding requirements.
CRISIL Assigns AA+/Stable Rating to Piramal Finance; Total AUM Reaches ₹91,000 Cr
CRISIL Ratings has assigned a long-term rating of AA+/Stable to Piramal Finance Limited, reflecting its successful transition to a retail-led lending model. The company's total AUM stands at ₹91,000 crore, with the core retail business growing at a 40% CAGR over the last four years. This rating, which is higher than its previous AA/Stable domestic ratings, is expected to significantly reduce borrowing costs for its ₹75,000 crore debt. The management has set an ambitious target to reach an AUM of ₹1.5 lakh crore by FY28.
முக்கிய அம்சங்கள்
CRISIL assigned a new AA+/Stable rating to NCDs and bank debt; A1+ reaffirmed for Commercial Paper.Total AUM stands at ₹91,000 crore, with the non-legacy retail portfolio growing at a 40% CAGR.Total outstanding borrowings are approximately ₹75,000 crore, with ₹21,000 crore raised in FY25.Company targets scaling AUM to over ₹1.5 lakh crore by FY28 with sustained profitability improvements.Rating reflects strong capital buffers and a diversified retail loan book across 26 states.
👀 கவனிக்க வேண்டியவை
The rating upgrade is a significant positive that will likely lower the cost of funds and improve net interest margins. Investors should maintain a positive outlook as the company scales toward its FY28 AUM target of ₹1.5 lakh crore.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
🎁 ஆரம்பகால ஆதரவாளர்களுக்கு மட்டும் · குறுகிய கால சலுகை
எங்கள் AI பங்குச் சந்தை பகுப்பாய்வு: டெலிகிராம், வாட்ஸ்அப்பில் இலவசம்
⚡ 3500+ நிறுவனங்களை நாங்கள் உடனுக்குடன் கண்காணிக்கிறோம். NSE-யில் ஒரு நிறுவன அறிவிப்பு வெளியானதுமே, எங்கள் AI அதைப் படித்து, சுருக்கி, அதன் தாக்கத்தைச் சில நொடிகளில் உங்களுக்குச் சொல்கிறது.
இதுபோன்ற AI பகுப்பாய்வுக்குக் கட்டணத் தளங்கள் ஆண்டுக்கு ₹1,00,000-க்கும் மேல் வசூலிக்கின்றன. எங்கள் சேனல்களில் இது இலவசம்.
