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• Inflection Point Ventures announced 16 exits during FY2026, reporting a blended internal rate of return (IRR) of 41.01% and a money-on-money (MoM) multiple of 2.86x across transactions.
• The exits included both partial and full transactions across sectors, with Secret Alchemist delivering the highest reported return at 192% IRR and 4.56x MoM, followed by Aerem, Qubehealth and Kazam.
• Strategic acquisitions of GeoiQ and AFK Gaming by Lenskart and Nodwin Gaming respectively formed part of the exit slate, alongside secondary transactions involving institutional investors and family offices.
• IPV stated that 26 portfolio startups also completed follow-on transactions during FY2026, generating a blended IRR of 84.22% and a 3.33x MoM multiple through structured secondary deals.
• The investment platform said increasing institutional participation, repeat secondary buyers and continued follow-on funding activity reflected growing confidence in IPV-backed startups despite broader liquidity challenges in India’s early-stage investment ecosystem.Read more

22 May 2026

JK Lakshmi Cement reported a 28.67% year-on-year decline in consolidated net profit for the quarter ended March 2026, with earnings falling to INR 125.06 crore amid rising expenditure despite stable revenue growth. The company’s revenue from operations remained largely flat at INR 1,901.53 crore during the quarter, while total expenses increased 5%. Sales volumes, however, rose 8.3% to 3.89 million tonnes, indicating stronger dispatch activity. For the full financial year FY26, the cement maker recorded a 49.52% rise in consolidated net profit to INR 412.61 crore, supported by a 10.2% increase in total income. The company also flagged geopolitical tensions in West Asia, rupee depreciation and supply chain disruptions as potential risks to government capital expenditure and cement demand growth in FY27.Read more

22 May 2026

IRB Infrastructure Developers reported a 38% year-on-year increase in consolidated net profit for the quarter ended March 2026, with earnings rising to INR 296.25 crore despite a decline in operational income. The company’s total income from operations fell to INR 1,976 crore during the quarter, while expenses reduced significantly to INR 1,571 crore, supporting profitability growth. During FY26, the company recorded toll revenue of INR 8,323 crore, marking a 12% increase over the previous year. IRB also confirmed the operationalisation of the Ganga Expressway, resulting in all major projects within its portfolio becoming revenue-generating assets. Separately, the group’s private InvIT associate proposed transferring two assets in Maharashtra and Gujarat to the public IRB InvIT Fund through a non-binding offer valued at INR 4,663 crore.Read more

22 May 2026

WeWork India Management Ltd reported a strong rise in quarterly earnings as demand for managed office spaces and flexible work centres continued to grow across major Indian cities. The company’s consolidated net profit increased 80 per cent to INR 65.55 crore during the March quarter, supported by higher income and steady expansion of its workspace portfolio. Revenue also saw healthy growth during the quarter. However, annual profit for FY26 declined compared to the previous financial year despite a rise in total income, reflecting operational and expansion-related pressures in the flexible office segment.Read more

22 May 2026

• Embassy Developments posted a consolidated net loss of INR 872.47 crore in FY26 despite reporting strong residential sales growth.
• The company recorded pre-sales of nearly INR 4,631 crore during the financial year, driven by projects in Bengaluru.
• Several new housing projects, including Embassy Greenshore and Embassy Verde Phase II, saw strong customer response after launch.
• Embassy Developments continued focusing on debt reduction, collections improvement and expansion in Bengaluru and Mumbai markets.
• The company is also preparing for upcoming launches in Worli, Alibaug and north Bengaluru as part of its growth pipeline.Read more

22 May 2026

Arvind SmartSpaces reported a 13.22% decline in consolidated net profit for FY26, even as the company achieved its highest-ever annual bookings and expanded its residential pipeline across Bengaluru and Mumbai. Profit after tax stood at INR 103.41 crore compared to INR 119.16 crore in FY25, while total income also declined during the year. However, the company posted strong growth in the March quarter, with quarterly profit rising more than 102% year-on-year. The developer also approved fundraising plans of up to INR 300 crore through debt securities and recommended a final dividend of INR 2.25 per equity share.Read more

22 May 2026

• IndiQube Spaces reported a net loss of INR 106.34 crore in FY26 despite growth in revenue and office portfolio.
• The company’s total income increased to INR 1,527.51 crore during the financial year.
• IndiQube expanded its presence to 17 cities with 130 properties and over 9.66 million sq ft under management.
• Seat capacity rose to around 2.15 lakh seats, while occupancy remained stable at 88%.
• The company also reduced leverage significantly, with debt-to-equity ratio improving to 0.08 from 0.9 in FY25.Read more

21 May 2026

• Capital Infra Trust has declared total distributions of INR 436 crore to unitholders during FY26, including INR 117.97 crore for the fourth quarter.
• The InvIT announced a quarterly distribution of INR 2.4 per unit, taking the full-year payout to INR 11.6 per unit.
• The trust reported total income of INR 920.18 crore and net profit of INR 210.51 crore during the last financial year.
• Assets under management increased 42 per cent year-on-year to INR 6,611.4 crore, supported by operational road assets backed by NHAI hybrid annuity projects.
• The trust plans to acquire 5–8 additional assets in FY27 through its sponsor-backed pipeline, with a target to scale AUM to nearly INR 10,000 crore.Read more

21 May 2026

• Rajkot Municipal Corporation (RMC) collected INR 153 crore in advance property and water taxes in 40 days for FY 2026–27.
• Around 2.43 lakh taxpayers cleared their dues during the ongoing collection drive.
• Digital payments contributed significantly, showing strong adoption of online tax payment systems.
• Rebate schemes, including incentives for early payment and additional benefits for women taxpayers, supported higher compliance.
• The collection reflects improved tax discipline and steady growth compared to the previous year.Read more

21 May 2026

• Omaxe has raised INR 75 crore from investment firm WSB Partners to support two residential plotted developments in Indore and Ujjain, Madhya Pradesh.
• The funding was disclosed through a regulatory filing made by the company in the past week.
• Omaxe said the capital would be used primarily as growth capital, while a portion would also be allocated towards working capital requirements and reserves.
• The investment is linked to the company’s plotted residential projects in the two cities, where demand for organised housing developments has remained active.
• Omaxe currently operates across multiple asset classes and has delivered more than 140 million sq ft of real estate across 31 cities in eight Indian states.Read more