Rubicon Research Limited, a provider of contract formulation development services to pharmaceutical companies, announced its Q4 FY2026 and FY2026 results.

The Company reported a strong financial performance for the quarter and year ended March 31, 2026, with net profit for the quarter rising 112 percent.

Revenue growth for the company was broad-based, with the top 5 products contributing 39% of revenue in Q4 FY2026, up from 34% in Q1 FY2026.

USD revenue for Q4 FY2026 stood at $56 million, up 35% year-on-year, with approximately 98% of total revenue denominated in USD.

Revenue from operations for Q4 FY2026 increased 44 percent to ₹5.14 billion compared to ₹3.58 billion in Q4 FY2025, driven by robust growth across the pharmaceutical product portfolio.

Rubicon reported a 112% rise in Q4 FY2026 net profit to ₹768 million and an 84% increase in FY2026 net profit to ₹2.47 billion.

EPS (Earnings Per Share) for the year increased to ₹15.52 from ₹8.82 in the prior year.

The board has recommended a dividend of 150%, which is ₹1.50 per share. This amounts to 10% payout ratio.

Rubicon Research Limited Q4 FY2026

Management explained that the Pithampur site has been qualified and filed with the USFDA, with production ramp-up expected in Q1 CY27.

It also said that revenue traction is likely to continue to be stronger than anticipated, which in turn would require a commensurate increase in revenue from outsourced manufacturing as compared to what we had previously envisaged.

Company Overview & Others

Overview: Rubicon Research Ltd. is a pharmaceutical formulations company, driven by innovation through research and development (R&D). The company planned an IPO in October 2025.

Market Cap: Rubicon Research has a total market capitalization of ₹16,500 crore as of May 30, 2026, according to the NSE data.

Technical: The stock is well placed above its 20-, 50-, and 100-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Rubicon Research’s share increased by 48%. However, the company’s shares have been trading 28% higher over the last three months.

Also Read

GST collections April 2026

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Ivalue Infosolutions Limited, one of the fastest-growing Strategic Technology Advisors in India, announced its financial results for the Fourth Quarter and Full Year of FY26 ended on 31st March 2026.

FY2026 delivered gross sales of ₹2,913.9 Cr, up 19.5% Y-o-Y, showcasing strong operational performance and consistent demand.

Operating Highlights: FY2026

Cybersecurity accounted for 50.1% of gross sales and grew 27.6% year over year.

Information Lifecycle Management contributed 20.6% of gross sales and grew 11.8% year over year.

Data Centre Infrastructure contributed 17.4% of gross sales and grew by 22.2% on a Y-o-Y basis.

Net working capital days stood at 30 days.

Key Highlights: FY2026

Gross Sales stood at ₹2,913.9 crore, registering a growth of 19.5% Y-o-Y.

Total Income (net basis) was ₹1,055.5 crore, a growth of 14.4% Y-o-Y.

Operating EBITDA stood at ₹149.3 crore, a growth of 16.7 % Y-o-Y with a margin of 5.1% on gross sales and 14.1% on a net basis.

PAT stood at ₹102.2 crore, a growth of 19.8% Y-o-Y, with margin of 3.5% on gross sales and 9.7% on net basis.

Ivalue Infosolutions Q4 FY2026

Management Commentary

Commenting on the results, Sunil Pillai, Chairman and Managing Director, iValue Infosolutions, said –

FY26 has been a strong year for iValue Infosolutions, marked by healthy growth in revenue, EBITDA, PAT, and superior working capital reflecting the strength of our differentiated business model, execution capabilities, and deep engagement across our technology ecosystem.

During the quarter, we witnessed healthy business momentum across key technology areas supported by strong customer demand and deeper engagement with OEMs, System Integrators, and enterprise customers.

With sustained enterprise investments across cybersecurity, cloud, and digital infrastructure, and our ongoing focus on capabilities, partnerships, and service infrastructure, we remain well-positioned to sustain growth and create long-term value for stakeholders.

Adoption of AI by large enterprises is offering a positive tailwind for us across Cyber Security and Data Center Infrastructure verticals.

Company Overview & Others

Overview: Ivalue Infosolutions Limited (BSE: 544523) (NSE: IVALUE), the Strategic Technology Advisor, secures and manages enterprises’ digital assets in hybrid-cloud environments. The company planned an IPO in September 2025.

Market Cap: Ivalue Infosolutions has a total market capitalization of ₹1,300 crore as of May 28, 2026, according to the NSE data.

Technical: The stock is well placed above its 20-, 50-, and 100-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Ivalue Infosolutions’ share declined by 13%. However, the company’s shares have been trading 10% higher over the last three months.

Also Read

Saatvik Green Energy Secures Order For Solar PV Modules

GST collections April 2026

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Ivalue Infosolutions Q4 FY2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Crizac Limited, a premier global education platform connecting recruitment agents with higher education institutions, announced its Q4 FY2026 and FY2026 results.

The Board of Directors of Crizac Ltd at its meeting held on Monday, 25 May 2026, took on record the audited Financial Results for the Financial Year 2025-26.

Total Income for the year stood at ₹10,711 Million, reflecting Y-o-Y growth of 21%. For the fourth quarter, Total Income stood at ₹3,986 Million, growing 14.7% Y-o-Y and 39.6% Q-o-Q.

This record-breaking performance was largely driven by 43.0% Y-o-Y growth in applications processed, 36.5% Y-o-Y growth in active agents, and 13.8% Y-o-Y growth in student enrolments, reflecting sustained operating momentum across our global education platform.

EBITDA for FY2026 stood at ₹2,824 Million, reflecting Y-o-Y growth of 31%.

EBITDA margin expanded by 172 bps to 27.1%, demonstrating the operating leverage in the business model.

EBITDA for Q4 FY2026 stood at ₹939 Million, reflecting Y-o-Y growth of 42.8% with margin expanding by 467 bps to 24%.

PAT (Profit After Tax) for FY2026 stood at ₹2,191 Million, a Y-o-Y growth of 41.4%, with a PAT margin of 20.5%. For Q4 FY2026, PAT stood at ₹750 Million, reflecting Y-o-Y growth of 50.3%, with a PAT margin of 18.8%, supported by the scalable, asset-light business model.

The Board of the company declared a dividend of ₹8 per equity share during Q4 FY2026, representing a payout ratio of approximately 64%.

Crizac Limited Q4 FY2026

Leadership View

Commenting on the results, Vikash Agarwal, Chairman and Managing Director, Crizac Limited, said –

FY2026 was a year of strong progress for Crizac Limited, underpinned by effective execution across organic and inorganic growth initiatives.

We deepened our footprint across established destination markets while driving meaningful growth in application volumes and agent engagement across Asia, Africa, and other high-potential source regions.

Our expanding agent network and institutional partnerships continue to reinforce the scalability and network effects inherent to our platform model.

Inorganically, this was a year of concentrated strategic activity.

In October 2025, we acquired Studies Planet, opening the LATAM market as a new source region.

In January 2026, we acquired a 51% stake in Global Tree Careers, strengthening domestic origination and broadening our B2C service portfolio.

In March 2026, we committed USS2.5 million to Edumentor project, advancing our Al-driven student matching capabilities.

Continuing this expansion momentum, we scaled our New Zealand vertical through onboarding of the Medway Educational Consultants team, deepening our destination market presence.

With four strategic transactions completed during the year, our pace of inorganic activity is visibly accelerating. These moves reflect our deliberate strategy of using acquisitions to compress timelines for geographic entry and capability build-out.

We remain actively engaged in evaluating opportunities across both new and existing geographies, targeting assets that enhance scale, technology, or market access.

Global student mobility is navigating a dynamic environment, with evolving visa policies, geopolitical disruptions in certain regions, and the strengthening of the US Dollar and Pound Sterling adding to the cost burden for students from emerging source markets.

Notwithstanding these near-term headwinds, long-term structural demand for quality international education remains strong, underpinned by growing aspirations across our core source markets.

We are well-positioned to capture this opportunity through our diversified geographic presence, platform scalability, and continued focus on resilient organic as well as inorganic growth.

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Saatvik Green Energy Limited, one of the leading integrated solar energy solutions providers in India, on Wednesday (May 20, 2026) announced its audited financial results for the quarter and year ended March 31, 2026.

The Company posted strong operational and financial performance during FY2026, with revenue from operations growing by 111% y-o-y to ₹45,484 Million, marking the Company’s highest-ever annual revenue performance.

Financial performance: Highlights

Q4 FY26 revenue from operations stood at ₹16,077 Million, reflecting 75% Y-o-Y growth.

FY2026 EBITDA stood at ₹5,811 Million, up 62% Y-o-Y, while PAT increased 64% Y-o-Y to ₹3,571 Million (the highest-ever profitability performance for the company).

Debt-equity ratio improved significantly from 1.34 in FY2025 to 0.65 in FY2026, reflecting stronger balance sheet positioning.

The Solar Pump business achieved remarkable multi-fold growth in FY2026, with revenues surging nearly 19-fold (from ₹25 million to ₹472 million).

Operational Highlights (FY26)

Highest-ever annual production in FY26 was 3,162 MW, supported by an effective capacity utilization of 84.07%.

Order book remained strong at approximately 5.89 GW as of March 31, 2026, offering medium-term business visibility.

Ambala facility continued operations at 4.8 GW module manufacturing capacity during FY26.

Odisha integrated facility comprising 4 GW module and expanded 3.6 GW Phase 2 solar cell capacity remained on track, with tool moving expected to commence from Q1 FY27.

Successfully commissioned a 2 GW EPE encapsulant manufacturing facility with plans to expand capacity to 5 GW.

Saatvik Green Energy Q4 FY2026

Management Speech

Commenting on the performance, Prashant Mathur, Chief Executive Officer, Saatvik Green Energy Limited, said –

FY26 was a defining year for us, marked by our successful listing on the Indian stock exchanges and the delivery of our highest-ever Revenue, EBITDA, and PAT performance.

Supported by strong order execution, manufacturing scale-up and growing customer relationships, we achieved our highest-ever annual production of 3,162 MW with effective capacity utilization of 84.07%, further strengthening our position as one of India’s fastest-growing renewable energy companies.

He further added, FY2026 also marked important strategic milestones across our clean energy solutions portfolio.

Our order book stood at 5.89 GW with leading IPPs and utilities, while we expanded into transformer manufacturing, launched the UDAY Series of on-grid inverters, and strengthened our presence across hybrid and off-grid inverters and BESS solutions with B2C solar kits set to launch soon.

Our sustainability efforts were also recognized globally as Saatvik was awarded the Bronze Medal by EcoVadis and ranked in the 79th percentile among assessed companies worldwide.

Supported by favourable policy initiatives and India’s long-term renewable energy ambitions, we believe Saatvik is strongly positioned for its next phase of growth with expanding manufacturing capacities, stronger integration and sharper execution capabilities.

Outlook: FY2027

Saatvik enters FY2027 with a strong strategic roadmap centered around manufacturing integration, product diversification, and operational scale-up.

Key focus areas for the coming year include –

• Advancing Odisha integrated manufacturing expansion and commencement of tool moving activities from Q1 FY27.
• Scaling integrated module, solar cell, encapsulant, ingot and wafer manufacturing capabilities.
• Strengthening presence across distributed solar, inverter, transformer, Solar Pump and BESS ecosystems.
• Expanding high-efficiency and value-added product offerings across domestic markets.
• Continuing operational efficiency initiatives, backward integration and disciplined capital allocation.

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Oswal Pumps Limited, one of the most trusted names in solar pump manufacturing in India, declared its audited financial results for Q4 FY26 and FY2026 today.

Total Income of the company surges 45.6% Y-o-Y (Highest Ever ₹20,859 Million) with PAT Margin at 18%.

Q4 FY2026 and FY2026 Details

Total Income of ₹5,167 Million in Q4 FY26, registering a growth of 41.3% Y-o-Y.

Total income of ₹20,859 Million in FY2026, registering a growth of 45.6% Y-o-Y.

EBITDA of ₹1,250 Million in Q4 FY26, growing 25.3% Y-o-Y. EBITDA Margin was at 24.2%.

EBITDA of ₹5,354 Million in FY2026, growing 26.7% Y-o-Y. EBITDA Margin was at 25.7%.

PAT of ₹925 Million in Q4 FY26, up 44.8% Y-o-Y, and PAT Margin was at 17.9%.

PAT of ₹3,763 Million in FY2026, up 34.1% Y-o-Y, and PAT Margin was at 18%.

Diluted EPS stood at ₹8.53 in Q4 FY26 as against ₹6.42 in Q4 FY25.

Diluted EPS stood at ₹34.73 in FY2026 as against ₹28.18 in FY2025.

Oswal Pumps Q4 FY2026

Leadership View

Commenting on the results, Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said –

It gives me immense pleasure to report a landmark year for the Company.

FY2026 Total Income reached ₹20,859 million, the highest in the Company’s history, representing a robust YoY growth of 45.6%.

Q4 FY26 Total Income stood at ₹5,167 million, reflecting strong YoY growth of 41.3%, driven by consistent, large-scale execution under PM KUSUM and state government schemes, reinforcing our leadership in solar-powered irrigation solutions.

Cash Flow from Operations improved from negative ₹1,421 million in FY25 to negative ₹771 million in FY26, reflecting stronger working capital discipline and improved collections efficiency.

The Company continues to maintain a robust order book of over 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders, complemented by a near-term pipeline exceeding 25,000 pumps.

As part of our long-term growth strategy, the Company is proactively diversifying beyond government-driven solar irrigation into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar EPC projects, reducing single-scheme dependency and broadening its addressable market.

With a strong foundation in solar-powered irrigation, a growing presence across renewable energy segments, and a proven ability to execute at scale, the Company enters into its next phase of growth from a position of considerable strength.

Ongoing capacity expansions, a diversifying revenue mix, and India’s clean energy tailwind together create a compelling platform for sustained value creation for our farmers, our communities, and our shareholders.

Company Overview & Others

Overview: Oswal Pumps Ltd is one of India’s fastest-growing, vertically integrated solar pump manufacturers. The company planned an IPO in June 2025.

Market Cap: Oswal Pumps has a total market capitalization of ₹4,300 crore as of May 19, 2026, according to the NSE data.

Technical: The stock is currently trading below its 20-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Oswal Pumps’ share declined by 29%. However, the company’s shares have been trading 10% higher over the last three months.

Also Read

GST collections April 2026

Amber Enterprises Q4 FY2026

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Oswal Pumps Q4 FY2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Amber Enterprises India Limited, a prominent solutions provider for the air conditioning industry in India, today, May 16, declared its audited financial results for the quarter and the financial year ended 31st March 2026.

The Company’s consolidated revenue surpasses the ₹12,000 Crore milestone for FY2026.

Amber Enterprises Q4 FY2026

Consumer Durables Division

The Consumer Durable division of the company recorded revenue growth of 14% in FY26 compared with the previous year, despite a challenging RAC season.

Electronics Division

The Electronics Division continues its growth journey, recording revenue growth of 49% in FY26 compared with the previous year.

Together with recent acquisitions of Power-One, Unitronics, and Shogini, these acquisitions accelerate the Electronic Division’s journey towards balancing volume and value mix.

Railway Sub-systems & Defense Division

The Railway Sub-systems & Defense division of the company recorded revenue growth of 19% in FY26 compared with the previous year.

The management remains confident of the division’s long-term growth, driven by a healthy order book visibility of ₹2,600+ Cr and an expanding product portfolio.

Latest Developments

The Company secured approval under the Electronics Component Manufacturing Scheme (ECMS) for Ascent and Shogini Technoarts for multi-layer PCB application, and Ascent-K Circuit’s for HDI PCB application.

Additionally, it secured land allotment of 100 acres in Amber Enterprises and 16 acres in Ascent-K Circuit towards the development of new manufacturing facilities at YEIDA, near Jewar Airport in Uttar Pradesh, India.

The material subsidiary of the company “ILJIN Electronics” has entered into a strategic alliance with “Sumitronics Corporation, Japan” to deliver high-quality, reliable EMS solutions for Japanese and global customers in India.

Management Speech

Commenting on the results for Q4 & FY2026, Daljit Singh, Managing Director of the company, said –

We are pleased to report that FY2026 has been a remarkable year, both in terms of progression and performance of the company.

We delivered a strong financial performance reflecting the resilience of the business despite the challenging RAC industry during the year.

The Revenue for the year stood at INR 12,186 Cr, reflecting a growth of 22% Y-o-Y and an Operating EBITDA of INR 970 Cr, a growth of 22% Y-o-Y.

Adjusted PAT of INR 338 Cr (Before the exceptional one-off impairment of investment in Shivalik and share of loss of JV of INR 112 Cr, growth of 22% over the previous year.

Company Overview & Others

Overview: Amber Enterprises India Ltd, incorporated in 1956, has a 23.6% market share in the total Room Air Conditioner (RAC) market in India. In Jul 2025, the board approved raising INR 2,500 Cr through the QIP route.

Market Cap: Amber Enterprises has a total market capitalization of ₹30,000 crore as of May 16, 2026, according to the NSE data.

Technical: The stock is currently trading well above its 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Amber Enterprises’ share increased by 33% and by 10% over the last three-month period. However, the company’s shares have been trading 18% higher over the last month.

Also Read

GST collections April 2026

Fujiyama Power Systems Q4 FY2026 Numbers

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Amber Enterprises Q4 FY2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Fujiyama Power Systems Limited, one of India’s leading providers of rooftop solar solutions, has announced its audited annual financial results and limited-reviewed quarterly financial results for the year ended 31st March 2026.

Financial Performance: Q4 and FY26

Q4 FY26 Revenue from Operations at INR 9,008 million as compared to INR 4,803 million in the same period last year; up 87.5% Y-o-Y.

For the full year, Revenue from Operations reached INR 26,545 million, registering a growth of 72.3% over the previous year.

Q4 FY26 EBITDA at INR 1,715 million as compared to INR 790 million last year; up 116.9% Y-o-Y with a margin of 19 percent.

Q4 FY26 Profit After Tax at INR 1,063 million as compared to INR 512 million in the same period last year; up 107.5% Y-o-Y with a margin of 11.8 percent.

Total Channel Partners as of 31st March 2026 8,900+

Fujiyama Power Systems Q4 FY2026

Key Business Highlights

Added over 80 distributors, 450 dealers, and 30 exclusive Shoppes in Q4 FY2026

Setting up a 1,200 MW TOPCon solar cell manufacturing facility at Ratlam, Madhya Pradesh, India, with an investment of around INR 350 crore

Commissioned 2,000 MW solar panel manufacturing capacity at Ratlam, Madhya Pradesh, India.

Leadership View

Commenting on the performance, Pawan Kumar Garg, Chairman and Joint Managing Director, said –

Following the successful completion of our IPO, FY2026 marks our first full year of financial reporting post becoming a listed company and an important step forward in our growth journey.

During the year, we continued to scale operations, strengthen integration across the rooftop solar value chain, and expand our reach across key markets.

The demand environment for residential rooftop solar and power-backup solutions remained supportive, driven by increasing adoption across Tier-2 and Tier-3 cities, favourable government policies, and rising consumer preference.

Looking ahead, the outlook for residential solar solutions remains favourable, supported by policy continuity, increasing awareness, and rising demand for reliable power solutions.

As we move forward, our focus will remain on expanding capacity, strengthening backward integration, improving operating efficiencies, and further expanding our distribution reach.

We remain committed to delivering high-quality and dependable solar solutions while continuing to create long-term value for all stakeholders.

Company Overview & Others

Overview: Fujiyama Power Systems is one of India’s leading providers of rooftop solar solutions, offering an extensive portfolio across solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems. The Company planned an IPO in November 2025.

Market Cap: Fujiyama Power Systems has a total market capitalization of ₹8,700 crore as of May 15, 2026, according to the NSE data.

Technical: The stock is currently trading above its 20-day and 50-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Fujiyama Power’s share increased by 27% and by 34% over the last three-month period. However, the company’s shares have been trading 18% higher over the last month.

Also Read

GST collections April 2026

Clean Max Enviro Energy Solutions Q4 FY2026

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Fujiyama Power Systems Q4 FY2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Clean Max Enviro Energy Solutions Limited, India’s largest renewable energy provider for the Commercial & Industrial segment, today, announced its financial and operational performance for the quarter (Q4 FY2026) and financial year (FY2025–26).

Financial Performance FY2025-26: Key Details

Revenue from Operations stood at ₹1,913 Cr, compared to ₹1,496 Cr in FY2024-25; 28% growth compared to the prior period

EBITDA increased by 28% year-on-year to INR 1,295 Cr from INR 1,015 Cr in FY2024-25.

The Company has recognised an FX gain of ₹70 Cr in Other Income and a corresponding FX loss of ₹63 Cr in Other Expenses, arising from the depreciation of the Indian Rupee.

Reported Profit After Tax (PAT) surged 4.4x to ₹85.6 crore compared to ₹19.4 crore in FY2024-25.

Clean Max Enviro Energy Solutions Q4 FY 2026

Q4 FY2026 Financial Performance

Clean Max Enviro Energy Solutions Q4 FY 2026

Capacity and Portfolio: Key Highlights

CleanMax’s contracted RE Power Sales portfolio reached ~5.7 GW as of March 31, 2026.

Commissioned ~1.4 GW of RE Power Sales capacity during FY2025–26

Operational RE Power Sales capacity grew nearly 80% year-on-year to ~3.1 GW as of March 31, 2026, from ~1.7 GW a year earlier.

Contracted yet-to-be-executed RE Power Sales capacity stood at ~2.6 GW as of March 31, 2026

Including the RE Services business, the total contracted portfolio reached ~6.5 GW.

Other Updates

Customer quality remained strong, with over 95 percent of clients A-rated or higher, while the weighted-average Power Purchase Agreement (PPA) tenor remained at ~23 years, supporting long-term revenue visibility.

Financing and capital efficiency metrics continued to strengthen during FY2025-26, supported by lower borrowing costs, disciplined leverage, and efficient capital deployment across projects.

Strategic partnerships also continued to support growth in a capital-efficient manner during the year.

Company Overview & Others

Overview: Clean Max Enviro Energy Solutions Ltd (NSE: CLEANMAX), (BSE: 544717) is India’s largest pureplay Commercial & Industrial (C&I) renewable energy company with more than 15 years of operations. The Company planned an IPO in February 2026.

Market Cap: Clean Max has a total market capitalization of ₹16,000 crore as of May 14, 2026, according to the NSE data.

Technical: The stock is currently trading above its 20-day simple moving averages (SMAs).

Price Performance: The company’s shares have been trading 54% higher over the last month.

Also Read

Atlanta Electricals Q4 FY 2026

Pace Digitek Secures Damodar Valley Corporation BESS Contract

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Clean Max Enviro Energy Solutions Q4 FY 2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Atlanta Electricals Limited manufactures and supplies a wide range of power transformers in India.

On Saturday, May 9, 2026, it announced its audited consolidated financial results for the quarter and full year ended 31st March 2026. Source: BSE.

Performance Overview: Q4 FY 2026

Revenue from Operations stood at INR 747.62 crores, up 81.7% Y-o-Y, and for FY26 at INR 1,851. 52 crores, 48.8% growth Y-o-Y.

EBITDA margin stood at 20 percent, an expansion of 333 bps Y-o-Y, and at 18.60 percent for FY26 (expansion of 304 bps Y-o-Y).

PAT grew 128.9% Y-o-Y to INR 102.19 crores in Q4 and 70.1% Y-o-Y to INR 201.77 crores for the full year.

Margin expansion is driven by operating leverage, a richer 220 kV product mix, and improved procurement efficiency.

Balance sheet fully de-levered.

Business (new order) Updates

Order book stands at INR 2,493 crores as of 31st March 2026, increasingly weighted toward higher-voltage classes (52 percent in the 220 kV class and approximately 11 percent in the 400 kV class).

Q4 FY2026 order inflow was INR 733 crores, including marquee orders of INR 288 crores from KPTCL and an Independent Power Producer executing for NTPC.

Power Grid Corporation of India Ltd (PGCIL) received approval in April 2026 to manufacture up to 400 kV-class transformers at the Vadod facility.

In May 2026, the Company secured an order of INR 190 crores from RVPN for 53 power transformers under a two-year rate contract.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Atlanta Electricals Q4 FY 2026

Management Speech

Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said,

FY26 has been a defining year for Atlanta Electricals, our first full financial year ending after our listing on the BSE and NSE on 29th September 2025.

The 18 months of intensive capacity build-out have translated into delivery and growth, with our installed manufacturing capacity now at 63,060 MVA across our five facilities.

Our balance sheet has been fully de-leveraged with both the Vadod and BTW acquisition term loans fully repaid.

Looking ahead to FY 2027, our priorities are to prototype the first 400 kV transformer at Vadod and 765 kV at Atlanta Trafo, scale exports, capture domestic demand from BESS, data centers and renewables, commence operations at our new Inverter Duty Transformer facility, and start our Tank and Radiator backward integration plant.

With INR 9 trillion of transmission investment planned through 2032, Atlanta Electricals is well-positioned to capture this multi-year growth opportunity.

Company Overview & Others

Overview: Atlanta Electricals Ltd manufactures and supplies a wide range of power transformers from 5 MVA/11 kV up to 500 MVA/765 kV, as well as auto transformers, inverter duty transformers, furnace transformers, generator transformers, and special duty transformers. The Company came up with an IPO in September 2025.

Market Cap: Atlanta Electricals has a total market capitalization of ₹12,600 crore as of May 9, 2026, according to the NSE data.

Technical: The stock is well placed above its 20-, 50-, and 100-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Atlanta Electricals’ share increased by 87% and by 118% over the last three-month period. However, the company’s shares have been trading 37% higher over the last month.

Also Read

Pace Digitek Secures DVC BESS Contract

Arisinfra Partners With The Wadhwa Group

GST collections April 2026

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Atlanta Electricals Q4 FY 2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Smartworks Coworking Spaces Limited, India’s largest managed office platform by area under management,

On Thursday, April 30, 2026, it announced its financial performance for the fourth quarter and full year ended March 31, 2026. Source: BSE.

The Company achieved three ‘first-evers’ in FY26 –

It became the first listed flexible workspace platform in the country to cross 10 million square feet of operational area.

Delivered its first full year Profit After Tax (PAT) of ₹311 crore versus a loss of ₹63 crore in FY25, and

The Company crossed contracted rental revenue of ₹5,200 crore.

Q4 FY 2026: Key Financial Highlights

Revenue from operations: ₹520 crore, up 45% Y-o-Y and 10% Q-o-Q, Strongest quarter in the Company’s history

Normalised EBITDA: ₹99 crore, up 71% Y-o-Y; margin at 19%, up 290 bps Y-o-Y

Normalised Operating Cash Flow: ₹108 crore, with OCF-to-EBITDA at 1.1x

Annualised ROCE: 21.5%, up significantly from 15.4% a year ago

PAT: ₹17 crore

Smartworks Coworking Spaces Q4 FY 2026

Management Commentary

Neetish Sarda, Founder and Managing Director, Smartworks, said –

FY26 was our first financial year as a listed company, and one where growth, profitability, and capital efficiency improved together.

We delivered our strongest full-year performance, with revenue growing 31%, normalised EBITDA up 75%, and ROCE more than doubling to 16%. We also achieved full-year PAT profitability under Ind AS, reinforcing the durability of our model.

During the year, we became the first listed flex workspace platform in India to cross 10 million square feet of operational portfolio.

With more than ₹5,200 crore of contracted rental revenue, 100% of FY27 supply secured, and ~75% visibility already in place for FY28, we enter the next phase with strong forward visibility.

As enterprise demand continues to shift towards large and managed campuses, we are seeing sustained momentum in multi-city deployments.

With supply secured ahead of demand and a platform built at scale, we are well-positioned to sustain disciplined, capital-efficient growth.

Outlook: FY27 and beyond

Smartworks enters FY27 with a strong multi-year contracted rental revenue visibility of more than INR 5,200 Cr.

India’s office market absorbed a record 83 million square feet in 2025, with Q1 calendar 2026 clocking the highest first-quarter gross leasing ever recorded.

Flex stock has tripled since 2020 to over 110 million square feet and is projected to reach 140 million square feet by 2027, according to industry reports.

With Grade A office demand outpacing supply through 2030, secured supply is the single biggest moat in the industry, and Smartworks has built it.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to smartworks coworking spaces news for further details.

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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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