Executive Summary
The 14 filings from May 22, 2026, reveal a mixed macroeconomic picture for India. While the RBI's operational announcements (VRR auction, SDL issuance) signal routine liquidity management with no policy rate changes, the corporate earnings from TTK Prestige and Delhivery highlight a consumer demand dichotomy.
TTK Prestige's Q4 sequential revenue decline of 7-9% points to a consumption slowdown, despite a strong full-year performance. In contrast, Delhivery's record revenue and profitable growth in its core transport business indicate robust e-commerce and logistics demand. Wipro's ₹15,000 Cr buyback is a significant capital return event, while TVS Motor's strategic acquisition of a 4.9% stake in Jana Small Finance Bank signals a move into financial services. The overarching theme is one of caution: the RBI is managing liquidity without changing rates, consumer-facing companies are seeing a Q4 slowdown, but digital and logistics infrastructure companies are thriving. The lack of any rate change or hawkish guidance from the RBI keeps the market in a wait-and-watch mode, with the focus shifting to corporate actions and sector-specific trends.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate action · Board meeting · Company update
Tracking the trend? Catch up on the prior India Monetary Policy RBI MPC Decisions digest from May 21, 2026.
Investment Signals (10)
- TTK Prestige ↓ (MIXED)▲
Full-year standalone revenue grew 9.6% YoY and net profit rose 14% YoY, but Q4 standalone revenue declined 7.1% QoQ, signaling a demand slowdown. The dividend of ₹7.50/share (750%) is maintained, showing management confidence in long-term cash flows.
- Delhivery ↓ (BULLISH)▲
Achieved record FY26 revenue >₹10,400 Cr and crossed 1 billion packages. Express revenue grew 46% YoY in Q4, and Supply Chain Solutions EBITDA margin turned positive from 2.2% to 10.9% (₹79 Cr), indicating strong operational leverage.
- Wipro ↓ (BULLISH)▲
Announced a ₹15,000 Cr buyback at ₹250/share via tender offer with a record date of June 5, 2026. This is a strong capital return signal, implying management views the stock as undervalued and is committed to shareholder returns.
- Ashok Leyland ↓ (BULLISH)▲
Board meeting scheduled for May 28, 2026, to consider a 2nd interim dividend for FY26. Record date is June 3, 2026. This suggests strong cash flow generation and a shareholder-friendly policy.
- TVS Motor Company ↓ (NEUTRAL)▲
Completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank on May 22, 2026. This strategic move into banking could diversify revenue streams and provide cross-selling opportunities, though it's a minority stake.
- TTK Prestige ↓ (BEARISH)▲
Standalone Q4 FY26 net profit of ₹50.79 Cr was up 72.5% YoY (from a low base due to impairment), but down 3% QoQ (adjusted). The YoY comparison is misleading due to exceptional items; the QoQ decline is more telling of a slowdown.
- Delhivery ↓ (MIXED)▲
Free cash flow turned positive at only ₹89 Cr despite record revenue, and PAT margin remained modest at 3.2% for FY26. This indicates the business is still in early cash generation stages, though it achieved its milestone a year ahead of plan.
- RBI (VRR Auction) (NEUTRAL)▲
A 4-day Variable Rate Repo auction on May 25, 2026, to manage short-term liquidity. This is a neutral operational move, but it signals the RBI is monitoring liquidity conditions without changing the policy rate.
- RBI (SDL Auction) (NEUTRAL)▲
An aggregate ₹8,000 Cr auction of State Development Loans. This routine debt issuance is neutral for markets but can impact bond yields and state borrowing costs.
- TTK Prestige ↓ (BEARISH)▲
Standalone other income declined 11.3% YoY to ₹67.83 Cr in FY26, indicating lower cash balances or investment returns. This could pressure future earnings if the trend continues.
Risk Flags (10)
- TTK Prestige/Sequential Revenue Decline↓ [HIGH RISK]▼
Consolidated Q4 FY26 revenue fell 9% QoQ to ₹729.17 Cr, and standalone Q4 revenue fell 7.1% QoQ. This is a clear red flag for consumer demand, especially in the kitchen appliances segment.
- TTK Prestige/Exceptional Items↓ [MEDIUM RISK]▼
FY26 results include a Voluntary Retirement Scheme charge of ₹9.98 Cr and Labour Code impact of ₹16.94 Cr (standalone). These one-time costs could recur if restructuring continues.
- Delhivery/Modest Profitability↓ [MEDIUM RISK]▼
Despite record revenue, PAT margin is only 3.2% for FY26, and free cash flow is just ₹89 Cr. The company is still investing heavily for growth, which could be a risk if the macro environment weakens.
- RBI/No Forward Guidance [LOW RISK]▼
The VRR auction filing provides no forward guidance on future policy actions. The lack of clarity on the rate trajectory could lead to market uncertainty.
- TTK Prestige/Chairman Continuation↓ [LOW RISK]▼
The Board approved the continuation of Chairman T.T. Raghunathan beyond age 75 (attaining 75 on July 8, 2027), subject to shareholder approval. This could be a governance risk if shareholders oppose, though it's likely to pass.
- TVS Motor/Banking Exposure↓ [MEDIUM RISK]▼
The 4.90% stake in Jana Small Finance Bank is a minority, non-controlling investment. The banking sector faces regulatory and asset quality risks, which could impact TVS's investment value.
- Wipro/Buyback Execution Risk↓ [LOW RISK]▼
The buyback of up to 60 Cr shares at ₹250/share via tender offer may not be fully subscribed if the market price remains above the buyback price, though the current price is not provided.
- TTK Prestige/Expense Growth↓ [MEDIUM RISK]▼
Standalone total expenses for FY26 rose 9.4% YoY to ₹2,562.88 Cr, outpacing revenue growth of 9.6%, indicating margin pressure. Q4 expenses were up 9.8% YoY.
- RBI/Money Market Operations [LOW RISK]▼
The daily Money Market Operations report for May 21, 2026, is truncated and provides no actionable data. The lack of transparency on liquidity conditions is a minor risk for short-term traders.
- TTK Prestige/Finance Costs↓ [LOW RISK]▼
Standalone finance costs for Q4 FY26 were ₹2.22 Cr, down from ₹2.61 Cr in Q4 FY25. While lower, the absolute level is small, but any reversal in this trend could signal increased debt.
Opportunities (8)
- Delhivery/Operational Leverage↓ (OPPORTUNITY)◆
Express revenue grew 46% YoY in Q4, and Supply Chain Solutions EBITDA turned positive to ₹79 Cr (10.9% margin). The company is achieving scale, and further margin expansion is likely as revenue grows.
- Wipro/Buyback Arbitrage↓ (OPPORTUNITY)◆
With a buyback price of ₹250/share and a record date of June 5, 2026, investors can participate in the tender offer for potential arbitrage if the market price is below ₹250. The buyback is 60 Cr shares, providing a decent acceptance ratio.
- Ashok Leyland/Dividend Capture↓ (OPPORTUNITY)◆
The 2nd interim dividend announcement on May 28, 2026, with a record date of June 3, 2026, offers a dividend capture opportunity for short-term investors. The dividend amount is not yet disclosed, but the company has a history of generous payouts.
- TTK Prestige/Dividend Yield↓ (OPPORTUNITY)◆
The recommended dividend of ₹7.50/share (750%) provides a yield of ~1.5% at current prices (assuming ₹500/share). For long-term investors, the consistent dividend policy is attractive.
- TVS Motor/Financial Services Play↓ (OPPORTUNITY)◆
The 4.90% stake in Jana Small Finance Bank could be the first step in a larger foray into financial services. If TVS increases its stake or forms a strategic partnership, it could unlock significant value.
- Delhivery/Working Capital Improvement↓ (OPPORTUNITY)◆
Working capital days reduced to 11 days from receivables, leveraging AI/automation. This efficiency gain could lead to better cash conversion and higher free cash flow in the future.
- RBI VRR Auction/Liquidity Play (OPPORTUNITY)◆
The 4-day VRR auction on May 25, 2026, may ease temporary liquidity tightness. Banks and bond markets could benefit from short-term rate stability, making short-duration bonds attractive.
- TTK Prestige/AGM Catalyst↓ (OPPORTUNITY)◆
The 70th AGM scheduled for August 4, 2026, could provide clarity on the chairman's continuation and future strategy. Positive announcements could act as a catalyst for the stock.
Sector Themes (6)
- Consumer Durables Slowdown◆
TTK Prestige's Q4 sequential revenue decline of 7-9% is a red flag for the consumer durables sector. Despite strong full-year growth, the Q4 slowdown suggests weakening demand, possibly due to inflation or higher interest rates. Investors should watch other consumer companies for similar trends.
- Logistics & E-commerce Boom◆
Delhivery's record revenue and 46% YoY growth in Express revenue highlight the strong demand for logistics and e-commerce services. The sector is benefiting from digital adoption and increasing package volumes, with Delhivery crossing 1 billion packages.
- Capital Return via Buybacks & Dividends◆
Wipro's ₹15,000 Cr buyback and Ashok Leyland's interim dividend signal a trend of Indian companies returning excess cash to shareholders. This is positive for investor sentiment and could support stock prices.
- Strategic Diversification into Financial Services◆
TVS Motor's acquisition of a 4.9% stake in Jana Small Finance Bank reflects a growing trend of non-banking companies entering the financial services space. This could provide cross-selling opportunities but also introduces regulatory and credit risks.
- RBI's Cautious Liquidity Management◆
The VRR auction and SDL issuance indicate the RBI is managing liquidity without changing the policy rate. The central bank is in a wait-and-watch mode, balancing inflation and growth concerns. This neutral stance provides stability but no immediate catalyst for rate-sensitive sectors.
- Margin Pressure from Rising Costs◆
TTK Prestige's expense growth (9.4% YoY) outpacing revenue growth (9.6%) and declining other income (-11.3% YoY) highlight margin pressure. Companies with pricing power and cost control will outperform in this environment.
Watch List (8)
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May 28, 2026, to consider 2nd interim dividend. Watch for dividend amount and any commentary on FY27 outlook. Record date June 3, 2026.
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June 5, 2026, is the record date for the ₹15,000 Cr buyback. Watch for the buyback opening date and acceptance ratio. Investors should decide on participation before the record date.
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August 4, 2026, for the 70th AGM. Key items: approval of dividend, continuation of Chairman T.T. Raghunathan beyond 75, and management commentary on demand recovery.
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With FY26 results showing record revenue and positive FCF, watch for any FY27 guidance on revenue growth, margin targets, and capex plans. The company's ability to sustain growth will be key.
- RBI/Next Monetary Policy👁
The next RBI MPC meeting is likely in June 2026. Watch for any change in repo rate, stance, or liquidity measures. The current neutral stance could shift based on inflation and growth data.
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Watch for any further stake increases or strategic announcements. The 4.9% stake is just below the 5% threshold for additional regulatory disclosures.
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Due in July/August 2026. Watch for sequential revenue recovery after the Q4 FY26 decline. Any sign of demand revival will be a positive catalyst.
- RBI/SDL Auction Results👁
The ₹8,000 Cr SDL auction will provide cues on state borrowing costs and bond market sentiment. Watch for cut-off yields and bid-to-cover ratios.
Filing Analyses
(14)
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr, and standalone net profit of ₹185.47 Cr, up 14.0% from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially from ₹801.40 Cr, indicating a slowdown in the latest quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Chairman T.T. Raghunathan beyond age 75.
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.4% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26 (note: Q4 FY25 profit was depressed by exceptional impairment of ₹32.26 Cr).
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25 (which included exceptional impairment of ₹71.42 Cr).
- · Standalone FY26 other income declined to ₹67.83 Cr from ₹76.43 Cr in FY25, a drop of 11.3%.
- · Standalone FY26 employee benefits expense rose to ₹270.15 Cr from ₹248.51 Cr, up 8.7% YoY.
- · Standalone FY26 depreciation and amortization increased to ₹74.41 Cr from ₹64.37 Cr, up 15.6% YoY.
- · Standalone FY26 other expenses grew to ₹633.15 Cr from ₹550.45 Cr, up 15.0% YoY.
- · Standalone FY26 cash flow from operations was ₹210.53 Cr, up from ₹154.06 Cr in FY25.
- · Standalone FY26 capital expenditure (purchase of PPE) was ₹86.76 Cr, more than double the ₹39.04 Cr in FY25.
- · The Board approved the continuation of Mr. T.T. Raghunathan as Director beyond age 75, subject to shareholder approval.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. However, Q4 revenue declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26. Net profit for Q4 stood at ₹50.79 Cr (vs ₹3.94 Cr in Q4 FY25), while full-year profit was ₹185.47 Cr, up 14.0% from ₹162.68 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · Standalone Q4 FY26 other income was ₹17.62 Cr vs ₹18.36 Cr in Q4 FY25, a slight decline.
- · Standalone full year FY26 other income was ₹67.83 Cr vs ₹76.43 Cr in FY25, down 11.2% YoY.
- · Standalone Q4 FY26 total expenses were ₹625.29 Cr vs ₹569.28 Cr in Q4 FY25, up 9.8% YoY.
- · Standalone full year FY26 total expenses were ₹2,562.88 Cr vs ₹2,342.38 Cr in FY25, up 9.4% YoY.
- · Consolidated Q4 FY26 revenue from operations was ₹729.17 Cr vs ₹649.56 Cr in Q4 FY25, up 12.3% YoY, but down 9.0% sequentially from ₹801.40 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr vs a loss of ₹42.39 Cr in Q4 FY25, a significant turnaround.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval by special resolution.
- · The 70th AGM is scheduled for August 4, 2026 via video conferencing.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, subject to shareholder approval.
- · Auditors gave an unmodified opinion on the financial results.
22-05-2026
TTK Prestige Limited reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr in FY25, and consolidated revenue of ₹2,973.57 Cr, up 9.5% YoY. Standalone net profit for the year rose 14.0% to ₹185.47 Cr from ₹162.68 Cr, while consolidated net profit jumped 45.0% to ₹156.67 Cr from ₹108.01 Cr. However, the standalone Q4 FY26 revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially, indicating a slowdown in the final quarter. The Board recommended a dividend of ₹7.50 per share (750%).
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.5% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25, but down from ₹31.78 Cr in Q3 FY26.
- · Standalone FY26 total expenses rose 9.4% to ₹2,562.88 Cr from ₹2,342.38 Cr in FY25.
- · Consolidated FY26 total expenses increased 9.8% to ₹2,793.78 Cr from ₹2,544.77 Cr.
- · Standalone FY26 cash flow from operations improved to ₹210.53 Cr from ₹154.06 Cr in FY25.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, unchanged from ₹7.50 per share in FY25.
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone reserves excluding revaluation reserves stood at ₹1,977.43 Cr as of March 31, 2026, up from ₹1,872.63 Cr a year earlier.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2772.69 Cr, up 9.6% YoY from ₹2530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the same quarter last year, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, on a sequential basis, Q4 standalone revenue declined 7.1% from ₹731.71 Cr in Q3 FY26, and net profit fell 3.0% from ₹29.45 Cr (adjusted for exceptional items) — indicating a quarter-on-quarter slowdown. The board recommended a dividend of ₹7.50 per share (750%).
- · Standalone other income for Q4 FY26 was ₹17.62 Cr, down from ₹18.36 Cr in Q4 FY25.
- · Standalone total expenses for Q4 FY26 were ₹625.29 Cr, up 9.8% YoY from ₹569.28 Cr.
- · Standalone finance costs for Q4 FY26 were ₹2.22 Cr, down from ₹2.61 Cr in Q4 FY25.
- · Standalone depreciation for Q4 FY26 was ₹21.71 Cr, up from ₹17.05 Cr in Q4 FY25.
- · Exceptional items in Q4 FY26 included a ₹2.20 Cr charge for Labour Codes impact (standalone).
- · Consolidated net profit for Q4 FY26 was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25.
- · Consolidated full-year net profit for FY26 was ₹156.67 Cr, up 45.0% from ₹108.01 Cr in FY25.
- · The board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Mr. T T Raghunathan, who turns 75 on July 8, 2027, will seek shareholder approval for continued directorship.
- · Standalone cash and cash equivalents at March 31, 2026 stood at ₹31.32 Cr, up from ₹21.51 Cr a year ago.
- · Standalone total assets as of March 31, 2026 were ₹2623.01 Cr, up from ₹2436.98 Cr.
- · Standalone trade receivables decreased to ₹233.25 Cr from ₹243.84 Cr.
- · Standalone inventories increased to ₹600.36 Cr from ₹527.51 Cr.
- · Standalone trade payables (other than MSME) increased to ₹227.71 Cr from ₹201.30 Cr.
22-05-2026
Ashok Leyland Limited has informed the stock exchanges that its Board of Directors will meet on May 28, 2026, to consider declaring a 2nd interim dividend for FY 2025-26. The record date for the dividend, if declared, will be June 3, 2026. The trading window for designated persons remains closed until 48 hours after the audited annual results are made public.
- · Board meeting scheduled for May 28, 2026.
- · Record date for the 2nd interim dividend is June 3, 2026.
- · Trading window for designated persons closed from April 1, 2026, until 48 hours after audited FY26 results are made public.
22-05-2026
Wipro Limited has fixed June 5, 2026 as the Record Date for its buyback of up to 60,00,00,000 equity shares at ₹250 per share, for an aggregate amount not exceeding ₹15,000 Crore. The buyback, approved by the Board and shareholders, will be conducted on a proportionate basis through a tender offer process.
- · Record Date for buyback entitlement is Friday, June 5, 2026.
- · Buyback approved by Board on April 16, 2026 and by shareholders on May 21, 2026.
- · Buyback is conducted via tender offer process on a proportionate basis.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the prior-year quarter, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, consolidated revenue for Q4 declined 9.0% sequentially to ₹729.17 Cr from ₹801.40 Cr in Q3 FY26, and full-year consolidated net profit grew 45.0% to ₹156.67 Cr from ₹108.01 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The Board recommended a dividend of ₹7.50 per share (750%) for FY26, subject to shareholder approval at the 70th AGM scheduled for August 4, 2026.
- · Mr. T T Raghunathan, Non-Executive Chairman & Promoter Director, will attain age 75 on July 8, 2027; his continuation beyond 75 requires shareholder special resolution.
- · Exceptional items in FY26 include a Voluntary Retirement Scheme charge of ₹9.98 Cr and an impact of Labour Codes of ₹16.94 Cr (standalone) / ₹17.37 Cr (consolidated).
- · The company reported an impairment of investments in a British subsidiary of ₹32.26 Cr in FY25 (standalone) and ₹71.42 Cr (consolidated), with no such impairment in FY26.
- · Consolidated revenue for Q4 FY26 declined 9.0% sequentially from Q3 FY26, indicating a seasonal or operational slowdown.
- · Standalone net profit for Q4 FY26 surged to ₹50.79 Cr from ₹3.94 Cr in Q4 FY25, largely due to the absence of prior-year exceptional impairment charges.
- · The statutory auditor issued an unmodified opinion on the audited financial results.
22-05-2026
The filing is an extract from the RBI Bulletin Weekly Statistical Supplement dated May 22, 2026, but contains no specific rate changes, monetary policy stance, or quantitative data. The content appears to be a table header with no actionable information for investors.
22-05-2026
TVS Motor Company completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank Limited on May 22, 2026, following its earlier disclosure on May 18, 2026. The acquisition was announced as a material development under SEBI LODR regulations and increases TVS Motor's presence in the banking sector.
- · The disclosure references an earlier announcement dated May 18, 2026.
- · The stake acquired is 4.90% (not a controlling interest).
- · The acquisition is secondary in nature, meaning shares were purchased from existing shareholders rather than via a fresh issue.
22-05-2026
The RBI has announced a 4-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on May 25, 2026, to manage short-term liquidity conditions. The decision reflects a review of current and evolving liquidity, but no specific liquidity surplus/deficit data, repo rate changes, or macroeconomic projections are disclosed. The announcement is purely operational with no policy rate action or forward guidance, limiting its direct market impact.
- · The VRR auction is scheduled for May 25, 2026, with a 4-day tenor.
- · No auction amount, cut-off rate, or liquidity condition details are provided.
- · No changes to repo rate, reverse repo rate, CRR, or SLR are mentioned.
- · No MPC vote split, inflation outlook, or GDP growth projections are disclosed.
22-05-2026
The RBI filing announces an auction of State Government Securities (State Development Loans, SDLs), with an aggregate offering amount of ₹8,000 Cr across multiple states. This is a routine debt issuance event for state finances, not a rate change by the central bank. **The filing contains no monetary policy rate change, no regulatory action against banks, and no changes to banking norms.** The auction is a capital market operation to finance state expenditures, and its impact on banking operations is indirect (primarily via bond yields and liquidity). The event is neutral for the banking and technology sectors, with no material impact on bank-specific metrics or stock valuations.
- · The filing is a notice of auction for SDLs, with an aggregate amount of ₹8,000 Cr, but no individual state-level break-up or yield guidance is provided in the data snippet.
- · No specific auction date, maturity, or coupon is mentioned in the provided text.
22-05-2026
Delhivery reported a record FY26 with revenue crossing ₹10,400 Cr and over a billion packages delivered. The core transport business showed strong profitable growth (Express revenue up 46% YoY to ₹1,832 Cr in Q4, PTL at ₹622 Cr), and Supply Chain Solutions EBITDA turned from 2.2% to 10.9% (₹79 Cr). However, PAT margins remained modest at 3.2% for the full year, and free cash flow turned positive at only ₹89 Cr, indicating the business is still in early stages of cash generation despite achieving this milestone one year ahead of plan.
- · The company completed the acquisition of Ecom Express earlier in FY26.
- · Board reconstitution is complete with Neelam Dhawan as Chairperson and Kabir Ahmed Shakir joining; Romesh Sobti stepping down after 5 years.
- · Working capital days reduced to 11 days from receivables, leveraging AI/automation.
- · CapEx intensity reduced from 7.8% (FY23) to 4.7% (FY26).
- · Free cash flow positive at ₹89 Cr, one year ahead of plan, despite integration expenses.
- · Over 4,500 Cr cash on balance sheet.
- · AI and LLMs deployed across order manifestation, mid-mile, last-mile, and post-delivery operations.
- · Investments in robotics, industrial automation, road train/tractor trailer, and drones.
- · Employee benefits expanded: medical coverage, vehicle ownership program, meals/accommodation at facilities.
- · Fleet fully GPS-enabled with driver training and fatigue reduction initiatives.
22-05-2026
The filing is the RBI's daily Money Market Operations report for May 21, 2026, which is a routine operational update and does not contain any rate change, monetary policy stance, or regulatory action. No changes to repo rate, reverse repo rate, CRR, or SLR are mentioned. The data table is truncated, so no specific liquidity or transaction figures are available for analysis.
22-05-2026
TTK Prestige Limited reported audited standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% from ₹2,530.32 Cr in FY25, with net profit rising 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% from the prior quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75.
- · The Board approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75 (attaining 75 on July 8, 2027), subject to shareholder approval by special resolution.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Standalone Q4 FY26 net profit of ₹50.79 Cr was up 72.5% sequentially from ₹29.45 Cr in Q3 FY26, but down from ₹3.94 Cr in Q4 FY25 (which included a ₹32.26 Cr impairment charge).
- · Consolidated Q4 FY26 net profit of ₹36.08 Cr compared to a loss of ₹42.39 Cr in Q4 FY25 (which included a ₹71.42 Cr impairment charge).
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and an Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone cash flow from operations improved to ₹210.53 Cr in FY26 from ₹154.06 Cr in FY25.
- · The company spent ₹86.76 Cr on property, plant and equipment in FY26 (standalone), up from ₹39.04 Cr in FY25.
- · Dividend payout of ₹82.17 Cr in FY26 (standalone) vs ₹83.17 Cr in FY25.
- · Cost Auditor appointed: Ms. Jayanthi Hari for FY27; Internal Auditor: M/s. S Viswanathan LLP for FY27; Tax Auditor: Mr. R V Krishnan for FY27.
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