Why Did Data Patterns’ Other Income Drop by ₹20 Crore in FY26
Data Patterns’ other income fell sharply in FY26 even as the core business delivered strong growth. Other income declined from ₹46.34 crore […]
Why PTC Industries’ Biggest Opportunity May Also Be Its Biggest Risk?
PTC Industries is building the kind of manufacturing capability that can fundamentally change the size of its business. Its new aerospace and […]
How PTC Industries Is Moving From Metal Maker to Aerospace Supplier?
PTC Industries is spending hundreds of crores to become something more than a specialised metal manufacturer. The company's strategy is to control […]
Why Is PTC Industries Spending ₹700 Crore Before the Revenue Arrives?
PTC Industries is putting hundreds of crores into factories whose full revenue contribution will come only after the machines are commissioned, products […]
How Does PTC Industries Actually Make Money?
PTC Industries generated ₹602.78 crore of consolidated revenue in FY26. But that number hides an important complication: the company now has several […]
Why Is HBL Engineering Building New Businesses?
HBL Engineering’s FY26 numbers show why the company is building businesses beyond its traditional battery portfolio. Consolidated revenue reached ₹3,302.83 crore, EBITDA […]
How Does HBL Engineering Make Money?
HBL Engineering is no longer a simple battery manufacturer. In FY26, its consolidated revenue reached ₹3,302.83 crore, EBITDA was ₹1,130 crore and […]
Why Is HBL Engineering Moving Beyond Telecom Batteries?
HBL Engineering is not moving beyond telecom batteries because batteries have become a weak business. It is moving because one part of […]
Can Defence Become HBL Engineering’s Next Growth Driver?
India’s defence manufacturing boom is creating a large opportunity. But for HBL Engineering, the more useful question is much narrower: how much […]
What Comes After Kavach for HBL Engineering?
Kavach has changed HBL Engineering’s financial profile. The harder question is what happens when that contribution stops expanding. HBL’s FY26 revenue reached […]
Can Unimech’s Saudi JV Become a New Growth Driver?
Unimech Aerospace is putting US$30 million behind a Saudi manufacturing platform that is expected to generate US$80 million of cumulative revenue over […]
Can Texmaco’s RVNL JV Bring New Railway Orders?
Texmaco Rail & Engineering’s RVNL joint venture has the ingredients to move the company beyond freight-car manufacturing, but its investment case will […]