For a massive breakthrough in India’s renewable industry, <a target="_blank" href="https://www.planify.in/research-report/inox-clean-energy-unlisted-share-price/">Inox Clean Energy</a>, part of the INOXGFL Group, has purchased a whopping 6 GW renewable portfolio from Vena Energy India for a total sum of about ₹6,000 crore ($715 million). This acquisition will help Inox Clean take a big step towards becoming one of the world leaders in the production of clean energy. In particular, the portfolio consists of 1.2 GW of currently active green projects, 1.8 GW projects being commissioned soon, and a 3 GW pipeline of future projects. All these projects, however, have already signed power purchase agreements for at least 20 years with leading state-owned organizations such as SECI and GUVNL and various corporates. The acquisition is a perfect fit for Inox Clean Energy’s goals. Specifically, the company aims at reaching the 10 GW capacity of generation in the field of green energy and 11 GW of solar module manufacturing by the end of 2028. As was stated by Devansh Jain, the Executive Director of the INOXGFL Group, this is the crucial element for building a truly large and integrated platform for renewable energy. To say Inox has been on a shopping spree lately would be an understatement. Over the last ten months, they have been snatching up green energy companies worldwide including Boviet Solar in the US, Vibrant Energy, SunSource Energy, and SkyPower. With the parent group already backing four publicly traded companies, this rapid expansion looks like a clear sign that Inox Clean is setting the stage for its own stock market debut later this year.

Inox Clean Snaps Up Vena Energy’s 6 GW Portfolio in Massive ₹6,000 Crore Deal

PRISM (OYO’s parent) gets SEBI nod for ₹ 6,650 crore IPO with $ 7-8 billion valuation. The company has posted revenue of Rs 6,252 crore in FY25 and is profitable for the second year in a row.

OYO Parent PRISM's ₹6,650 Crore IPO Gets SEBI Nod: Should You Invest? Key Numbers, Valuation & Risks Explained

According to sources close to the development, the public market debut could value the travel-tech unicorn at an estimated $7 billion to $8 billion. The company got the approval from regulators after they secretly filed a Draft Red Herring Prospectus, or DRHP, back in December 2025. On December 20, 2025, special meeting, shareholder gave the company permission to raise up to ₹6,650 crore by selling new equity shares. Next Steps and Market Timeline: Now that SEBI has given the green light, PRISM's next step is to submit its updated draft prospectus, known as the UDRHP-1. As soon as this document is filed, which is expected to happen in early July, it will be made available to the public for a 21-day period, during which time anyone can review and comment on it. This is a required step, and after the comment period is over, PRISM will be able to move forward with its plans. The filing of the UDRHP-1 is a significant milestone, and it's likely that the company is working hard to get everything ready for the upcoming deadline. The final launch date will ultimately hinge on prevailing market sentiments and institutional appetite. To steer the mega-issue, the company has lined up a heavyweight roster of book-running lead managers, including Axis Capital, Citibank, Goldman Sachs, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, and Intensive Fiscal Services. Pivot to Premium and Stronger Financial Outlook: The regulatory milestone comes on the back of notable operational shifts and an aggressive global footprint expansion spanning India, Europe, and the United States. <a href="https://www.planify.in/research-report/oyo-share-price/">OYO</a>, through its parent company PRISM, has been expanding its premium hospitality portfolio by focusing on self-operated boutique hotels and premium brands such as Sunday Hotels and Palette Hotels. The hospitality company has also recently made a move into India's growing spiritual tourism market, and has started offering high-end vacation rentals in the country by introducing its European brand, DanCenter, in Goa, which is known for its beautiful holiday homes. Recently, Moody's - a well-known global ratings agency - gave its stamp of approval to PRISM's current path. They confirmed the company's B2 corporate family rating and said they expect things to stay stable. This is largely due to the company's efforts to cut costs, increase premium prices, and successfully bring its huge G6 Hospitality acquisition under its wing. Moody's thinks these moves will really pay off, predicting that PRISM's EBITDA will more than double by FY26 - reaching around $280 million, which is roughly ₹2,496 crore. This is a big jump and a good sign for the company's future. In a bid to cement its corporate governance ahead of the public eye, PRISM also recently appointed former SEBI Chairman Ajay Tyagi to its board as an Independent Director.

PRISM IPO: OYO Parent Secure SEBI Nod for $7–8 Billion Public Listing

​<ul><li>Financial Performance (FY26 vs FY25):&nbsp;<a target="_blank" href="https://www.planify.in/research-report/hero-fincorp/">Hero FinCorp Limited</a> reported steady financial growth during FY26, supported by continued expansion in its retail lending portfolio across vehicle finance, personal loans, MSME lending, and consumer finance segments. Total income increased to approximately ₹9,733 crore in FY26 from around ₹9,123 crore in FY25, reflecting growth in interest income and lending activities. Net interest income remained healthy, supported by a growing loan portfolio and stable yields. Profit Before Tax (PBT) improved to approximately ₹249 crore in FY26 compared to around ₹214 crore in FY25. Profit After Tax (PAT) increased to approximately ₹164 crore from around ₹146 crore in FY25, reflecting improved profitability despite elevated funding costs and provisioning requirements. The company's earnings growth was driven by business expansion, operating efficiency, and disciplined risk management.</li><li>Operational Metrics (FY26 vs FY25): Operationally, Hero FinCorp continued to strengthen its position as one of India's leading retail-focused NBFCs. The company's loan portfolio expanded to approximately ₹53,423 crore in FY26 compared to around ₹47,731 crore in FY25, reflecting strong credit demand across vehicle finance, personal loans, and MSME lending segments. Total assets increased to approximately ₹60,192 crore from ₹54,714 crore in FY25, supported by sustained loan growth and improved business scale. Finance costs increased to approximately ₹3,308 crore compared to ₹3,401 crore in FY25, while impairment on financial instruments stood at around ₹2,494 crore. Asset quality remained stable with prudent provisioning coverage and controlled credit costs. The company maintained a diversified funding profile through bank borrowings, market instruments, securitization transactions, and debt capital markets, supporting long-term balance sheet growth.</li><li>Key Ratios (FY26): Valuation and profitability indicators remained healthy during FY26. The company's Price-to-Book (P/B) Ratio stood at approximately 2.23x. Asset quality remained stable with Gross NPA at 4.23% and Net NPA at 1.79%, reflecting effective risk management despite operating in a large retail lending environment. The company maintained a healthy Net Interest Margin (NIM) of approximately 8.00%. Capitalization remained robust, with a Capital Adequacy Ratio (CAR/CRAR) of 16.8%, comfortably above regulatory requirements. Profitability metrics remained healthy with Return on Assets (ROA) of approximately 0.27%&nbsp;and Return on Risk-Weighted Assets (RORWA) of approximately 0.47%. These metrics highlight Hero FinCorp's strong balance sheet, resilient asset quality, adequate capitalization, and ability to generate sustainable earnings while maintaining prudent risk controls.</li><li>Strategic Developments &amp; Outlook: Hero FinCorp continues to leverage the strong ecosystem of the Hero Group while expanding its presence across retail lending, MSME finance, consumer loans, and digital lending platforms. The company remains focused on enhancing customer acquisition through technology-driven distribution channels, strengthening collections infrastructure, and improving operational efficiency. During FY26, Hero FinCorp maintained a strong liquidity profile and diversified funding base, supporting future growth initiatives. The company also continued investing in digital capabilities and analytics-led underwriting to improve customer experience and risk management. Looking ahead, Hero FinCorp is expected to benefit from increasing retail credit penetration, rising consumer spending, growing vehicle financing demand, and continued formalization of the MSME sector. While funding costs and credit costs may remain key monitoring factors, the company's scale, diversified product portfolio, strong parentage, and disciplined risk management framework are expected to support stable long-term growth and profitability.</li></ul>

Hero FinCorp: Financial & Operational Performance (FY26 vs FY25)

Financial Performance (FY26 vs FY25): ​<a target="_blank" href="https://www.planify.in/research-report/schneider-electric-systems/">Schneider Electric President Systems Limited</a> reported a mixed financial performance in FY26, with Total Income declining 15.9% year-on-year (YoY) to ₹391.39 crore, compared to ₹465.36 crore in FY25. The moderation in revenue reflects lower trading activity and normalization of market volumes compared to the elevated levels witnessed in the previous year. Profitability declined on a YoY basis primarily due to lower revenue from operations and compressed margins. Profit Before Tax (PBT) stood at ₹50.66 crore, compared to ₹65.16 crore in FY25, while Profit After Tax (PAT) came in at ₹37.73 crore, down from ₹48.03 crore in the corresponding year last year. The performance in FY26 was also marginally impacted by a non-recurring exceptional charge of approximately ₹1.36 crore relating to past service costs for statutory gratuity liabilities arising from newly notified labour codes. Excluding this exceptional item, the underlying earnings performance reflects the company's resilient business model in its product and systems segment for electricity distribution.Operational Metrics (FY26 vs FY25): The company’s operational performance remained resilient, with its primary operations continuing to drive the majority of revenues. Revenue from operations stood at ₹384.23 crore in FY26, compared to ₹456.99 crore in FY25, reflecting moderation in transaction-related income. Segment-wise, the company operates as a single primary business segment viz. product and systems for electricity distribution. Revenue from core sales and services generated ₹384.23 crore, compared to ₹456.99 crore in FY25. Other income (including finance income and miscellaneous gains) contributed ₹7.17 crore, slightly down from ₹8.38 crore in the previous year. Despite the decline in revenue, the company maintained tight operational efficiency with total expenses at ₹339.37 crore, compared to ₹400.20 crore in the corresponding year last year, indicating controlled cost expansion and reduced raw material consumption, which fell to ₹243.28 crore from ₹306.37 crore. Strategic Developments &amp; Outlook: Schneider Electric President Systems Limited continues to position itself to benefit from structural growth in India’s electricity distribution and industrial infrastructure markets. The company's core product and system portfolios provide cross-market scale and business model resilience. Looking ahead, a major milestone includes filing a direct listing application to list the company's 1,20,96,000 equity shares on the Main Board of BSE Limited, for which it has already received an in-principle approval dated May 06, 2026. This structural transition, combined with a robust balance sheet featuring an enhanced cash cushion of ₹106.32 crore (up from ₹74.29 crore) and ongoing strategic market initiatives, is expected to support long-term earnings visibility and value creation for shareholders.

Schneider Electric President: FY26 Performance Review

The parent company of PharmEasy, API Holdings Limited, reported a strong operating performance for FY26. The company’s audited consolidated financial statements for the year ended March 31, 2026, show higher revenues, positive EBITDA before exceptional items and ESOP expense, lower finance costs and a substantial reduction in net losses.API Holdings, however, remained loss-making at the net level, making the FY26 improvement more accurately a turnaround in operating performance rather than a full return to profitability.<h2 style="line-height:1.38">API Holdings FY26 Financial Performance</h2>On a consolidated audited basis, revenue from operations increased from ₹5,872.2 crore in FY25 to ₹6,618.5 crore in FY26, representing growth of approximately 12.7%. Total revenue, including other income, increased from ₹5,980.0 crore to ₹6,689.3 crore.&nbsp;<div style="margin-left:0pt"><table><tbody><tr><td>Particulars</td><td>FY25</td><td>FY26</td><td>Change</td></tr><tr><td>Revenue from operations</td><td>₹5,872.2 Cr</td><td>₹6,618.5 Cr</td><td>+12.7%</td></tr><tr><td>Total revenue</td><td>₹5,980.0 Cr</td><td>₹6,689.3 Cr</td><td>+11.9%</td></tr><tr><td>EBITDA before exceptional items &amp; ESOP expense</td><td>-₹179.1 Cr</td><td>₹99.9 Cr</td><td>Turned positive</td></tr><tr><td>EBITDA margin</td><td>-3.0%</td><td>1.5%</td><td>+4.5 pp</td></tr><tr><td>Loss before exceptional items &amp; tax</td><td>₹1,220.4 Cr</td><td>₹456.1 Cr</td><td>66.6% lower</td></tr><tr><td>Loss for the year</td><td>₹1,572.4 Cr</td><td>₹520.3 Cr</td><td>66.9% lower</td></tr><tr><td>Finance cost</td><td>₹506.1 Cr</td><td>₹410.0 Cr</td><td>19.0% lower</td></tr><tr><td>Cash flow from operating activities</td><td>-₹210.9 Cr</td><td>₹77.2 Cr</td><td>Turned positive</td></tr></tbody></table></div>The company reported EBITDA before exceptional items and ESOP expense of ₹99.9 crore, compared with a loss of ₹179.1 crore in FY25. On the same basis, the EBITDA margin improved from -3.0% to 1.5% of revenue.&nbsp;The improvement was supported by a higher-margin business mix, employee-cost optimization, warehouse rationalization, lower expected credit loss provisions, and greater operating efficiency, according to the <a href="https://www.apiholdings.in/_files/ugd/7760e6_6cc27dd6ed034be1835f4742bb25d449.pdf">company's annual report</a>.&nbsp;<h2 style="line-height:1.38">Losses Narrow Sharply in FY26</h2>Despite the operating improvement, API Holdings still reported a net loss.The consolidated loss in FY26 was Rs 520.3 crore compared with Rs 1,572.4 crore in FY25, down about 66.9%. Loss Before Exceptional Items and tax narrowed to ₹456.1 crore from ₹1,220.4 crore.The improvement was driven partly by lower exceptional and non-operating charges. API Holdings had no exceptional items in FY26 against ₹296.5 crore in FY25. ESOP expense also witnessed a sharp dip to ₹62 crore from ₹482.2 crore.The finance costs reduced from ₹506.1 crore in FY25 to ₹410 crore in FY26, which further helped in reducing the losses.&nbsp;<h2 style="line-height:1.38">Operating Performance Across Businesses</h2>API Holdings generates revenue through product sales and services. In FY26, product revenue was approximately ₹5,670 crore, while revenue from services was approximately ₹941 crore.&nbsp;<h3 style="line-height:1.38">B2B distribution</h3>The Retailio 1P business generated ₹3,857.9 crore in FY26. Revenue per retailer increased from approximately ₹54,000 in March 2025 to ₹63,000 in March 2026, according to the company. Management also highlighted better fulfillment, warehouse utilization, and greater customer wallet share as areas of improvement.&nbsp;Distribution to retailers generated ₹955.3 crore, while the Aknamed hospital-supply business generated ₹847 crore in FY26.&nbsp;<h3 style="line-height:1.38">PharmEasy consumer business</h3>The PharmEasy platform remained an important part of the consumer-facing ecosystem. The company reported a 14.5% increase in its average active user base in Q4 FY26 versus Q4 FY25. The proportion of loyalty users among active users also increased from 32% to 43%.&nbsp;The annual report also notes that the company increased focus on profitable customer segments and higher-margin products. It also stated that platform migration caused some disruption during part of FY26.&nbsp;<h3 style="line-height:1.38">Diagnostics and Thyrocare</h3>Thyrocare was one of the better operating businesses in the group.The company made available 1,275 diagnostic tests via 41 labs during FY26. It carried out some 210 million tests, up 23% year-on-year, while its active franchisee base increased by around 15% to over 10,800.The number of NABL-accredited laboratories increased from 29 in March 2025 to 35 in March 2026. Diagnostics revenue via the PharmEasy marketplace also hit ₹158.8 crore in FY26, the company said.&nbsp;<h2 style="line-height:1.38">Cash Flow and Balance Sheet Focus</h2>One of the biggest improvements for FY26 was in the operating cash generation. Operating cash flow moved from outflow of ₹210.9 crore in FY25 to inflow of ₹77.2 crore in FY26.But the improved overall cash flow should be taken with a grain of salt. Investing cash flow had a net withdrawal of ₹553.3 crore from fixed deposits. Financing cash flows were on account of debt restructuring and repayments.The NCDs issued to 360 One will replace debt of ₹1,700 crore from previous lenders Goldman Sachs and Evox, the company said. The principal repayment of ₹620 crore is due in FY26. As at March 31, 2026, NCDs outstanding were approximately Rs 1,080 crore.&nbsp;<h2 style="line-height:1.38">What Changed in FY26?</h2>The FY26 results indicate three major changes in API Holdings' financial profile:Revenue growth returned: Revenue from operations grew 12.7% after the relatively modest growth seen in FY25.&nbsp;Operating profitability improved: EBITDA before exceptional items and ESOP expense turned positive at ₹99.9 crore, with the margin moving to 1.5%.&nbsp;Losses reduced substantially: The consolidated net loss declined by nearly 67%, although the company remained loss-making.&nbsp;<h2 style="line-height:1.38">Outlook for API Holdings</h2>API Holdings' FY26 performance shows meaningful progress in operating efficiency, but the company has not yet reached sustainable net profitability. Continued revenue growth, higher-margin business mix, working-capital discipline and lower financing costs will remain important for further improvement.Management reported that core working-capital days improved from 50 days in March 2025 to 42 days in March 2026.&nbsp;The key question for future performance is therefore whether the FY26 operating improvement can be sustained while the company continues reducing its finance burden and improving margins.<h2 style="line-height:1.38">Conclusion</h2>API Holdings FY26 results are clearly an improvement on FY25 on an audited consolidated basis. Revenue increased 12.7%, EBITDA before exceptional items and ESOP expense turned positive, operating cash flow improved and the net loss decreased by approximately 67%.However, API Holdings is still not profitable at the consolidated net level and its debt and financing costs remain important factors to watch. So, FY26 can be viewed as a year of operational turnaround and financial stabilization and not the turnaround completion.

API Holdings (PharmEasy) FY26 Results: Financial & Operational Performance vs FY25

Hexagon Nutrition has been doing exactly this work since 1993. On June 5, 2026, its opening will happen to public investors for the first time.

Hexagon Nutrition IPO Opens June 5: GMP, Price Band, Lot Size & Full Review

India’s financial markets are entering unusual territory: rainfall may soon become a tradable asset.A partnership between <a target="_blank" href="https://www.planify.in/research-report/ncdex/">National Commodity &amp; Derivatives Exchange Limited</a> and India Meteorological Department is laying the foundation for India’s first weather derivatives ecosystem — a market designed to help businesses and farmers hedge against climate uncertainty. The initiative is centered on rainfall-based derivative contracts that will use historical and real-time weather data provided by IMD. The goal is simple in theory but ambitious in practice: convert unpredictable weather into measurable financial risk. <h3>Why This Matters</h3>India’s economy remains deeply exposed to monsoon volatility. Delayed rains, heatwaves, floods, and uneven rainfall patterns affect everything from crop yields to logistics and power demand.Traditional crop insurance often struggles with delayed payouts and verification bottlenecks. Weather derivatives attempt a different approach. Instead of assessing physical crop damage, payouts are linked directly to objective weather data — such as rainfall levels recorded by IMD stations. That means:<ul><li>Faster settlement mechanisms</li><li>Transparent triggers</li><li>Market-based climate protection</li><li>Reduced dependency on lengthy claims processes</li></ul>For sectors like agriculture, transportation, construction, tourism, and energy, this could become a meaningful risk-management tool. <h3>What Exactly Are Weather Derivatives?</h3>Weather derivatives are financial contracts tied to weather variables like:<ul><li>Rainfall</li><li>Temperature</li><li>Humidity</li><li>Wind speed</li></ul>Globally, these instruments already exist in markets such as the US and Europe. Companies use them to offset losses caused by unusual weather patterns. For example:<ul><li>A farmer can hedge against weak monsoon rainfall.</li><li>A logistics company can offset disruptions caused by flooding.</li><li>A power utility can manage revenue swings from temperature extremes.</li></ul>Unlike insurance, these products don’t require proof of actual damage. Settlement depends entirely on predefined weather outcomes.<h3>From MoU to Market Product</h3>The NCDEX-IMD collaboration began with a landmark MoU signed in 2025. Since then, the initiative has moved from concept toward execution. Now, India’s first exchange-traded weather derivative — called RAINMUMBAI — is set to launch as a SEBI-approved contract based on Mumbai rainfall data. The contract is expected to:<ul><li>Use official IMD rainfall datasets</li><li>Be cash-settled</li><li>Help participants hedge monsoon-linked exposure</li><li>Operate within a regulated derivatives framework</li></ul>Mumbai was chosen because monsoon disruptions there have direct economic consequences across transport, finance, infrastructure, and supply chains. <h3>A New Climate Economy Asset Class?</h3>NCDEX has described weather derivatives as a step toward building a “climate-resilient rural economy.” That may sound lofty, but the timing is notable. Climate volatility is becoming a financial variable, not just an environmental one.As weather patterns grow harder to predict, markets are increasingly looking for tools that price climate risk directly. India entering the weather derivatives space signals that climate-linked finance is moving from policy discussion into actual market infrastructure.<h3>Challenges Ahead</h3>The idea is promising, but adoption won’t be automatic.Some key hurdles include:<ul><li>Regulatory clarity and oversight</li><li>Low awareness among farmers</li><li>Complexity of derivative products</li><li>Liquidity in early-stage contracts</li><li>Trust in settlement mechanisms</li></ul>Initially, participation may be dominated by institutional players rather than small farmers. Still, if these products gain traction, India could eventually develop region-specific weather contracts aligned with crop cycles and local climate conditions.And for the first time, the monsoon may become more than a seasonal event — it could become a financial instrument.

NCDEX and IMD Join Forces to Turn India’s Weather Risk Into a Tradable Asset

There are funding rounds that grab attention because the number is large. And then there are rounds that matter because they reveal how dramatically a company’s position has changed in a very short time.

Rapido Raises $240 Mn at $3 Bn Valuation: Is This India's Next Big Pre-IPO Opportunity?

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