Top 5 Corporate and Stock Market News Updates | October 23, 2026
1. Fairchem Organics Q2 FY27 PAT Jumps 1,175% YoY to ₹10.2 Crore, Revenue Rises 49.7%
Fairchem Organics Ltd reported a sharp improvement in financial performance for Q2 FY27, with revenue from operations increasing 49.7% year-on-year (YoY) to ₹166.9 crore. EBITDA rose 316.7% to ₹17.5 crore, while profit after tax (PAT) surged 1,175% to ₹10.2 crore.
The company’s EBITDA margin expanded to 10.51% from 3.77% in the year-ago quarter, while the PAT margin improved to 6.09% from 0.72%.
For the first half of FY27, revenue grew 41.4% YoY to ₹343.1 crore, EBITDA increased 276.6% to ₹35.4 crore, and PAT rose 963.2% to ₹20.2 crore.
Fairchem Organics follows a waste-to-wealth manufacturing model, using by-products from vegetable oil refining to produce oleochemicals and nutraceuticals. Its strategic priorities include cost optimisation, product development, value-added chemicals and geographical diversification.
2. Orient Electric Q2 FY27 Revenue Grows 25.2% to ₹879 Crore, PAT More Than Doubles
Orient Electric Ltd reported a 25.2% year-on-year increase in revenue to ₹879 crore in Q2 FY27, while profit after tax more than doubled to ₹27 crore. EBITDA grew 49.7% to ₹57 crore, with the EBITDA margin expanding 106 basis points to 6.5%.
For H1 FY27, revenue increased 24.3% to ₹1,829 crore, while EBITDA rose 46.9% and PAT reached ₹59 crore, nearly doubling year-on-year.
The Lighting and Switchgear segment recorded 25.7% revenue growth to ₹329 crore, while Electrical Consumer Durables revenue increased 24.9% to ₹550 crore. BLDC fans grew approximately 26% year-on-year and accounted for around 30% of the company’s fan mix.
Management highlighted premiumisation, distribution expansion, new product development and cost optimisation as key growth drivers. The company also reported ₹13 crore in savings under Project Sanchay during the quarter. It expects FY27 growth to exceed 15% and is targeting double-digit EBITDA margins over the next four to six quarters.
3. Purple Finance to Enter Affordable Housing Finance, Launches New MSME Lending Products
Purple Finance Ltd has received Board approval to enter the affordable housing finance segment, targeting rural, semi-urban and mass-market customers. The company will evaluate options including acquiring an existing housing finance company or establishing a subsidiary.
The proposed expansion aims to leverage its existing rural and semi-urban network to build a secured lending business. Executive Chairman Amitabh Chaturvedi said the move would help deepen customer relationships in Tier III and Tier IV markets.
The company has also launched two shorter-tenor MSME lending products: PURPLE SARAL, offering loans of ₹75,000 to ₹2 lakh, and SAKSHAM LAP, providing mortgage loans of ₹2 lakh to ₹4 lakh. A new institutional lending product will finance NBFCs serving MSMEs.
For H1 FY27, standalone assets under management increased 101% year-on-year and 18% quarter-on-quarter to ₹329.21 crore, while gross NPAs remained below 2.5%. The group's combined AUM reached ₹853 crore following the acquisition of Saksham Gram Credit Pvt. Ltd., with a reported customer base of more than 1.6 lakh borrowers.
4. CORONA Remedies Secures ANVISA GMP Certification for Bhayla Manufacturing Facility
CORONA Remedies Ltd has secured Good Manufacturing Practice (GMP) certification from Brazil's National Health Surveillance Agency (ANVISA) for its Bhayla manufacturing facility in Ahmedabad, covering Oral Solid Dosage and Women's Hormone production lines.
The certification adds to the company's existing EU-GMP approvals for its Women's Hormone and Oral Solid Dosage facilities and its EAEU-GMP certification for the Oral Solid Dosage facility.
According to the company, the latest accreditation reinforces its focus on consistent manufacturing quality and regulatory compliance. India contributes more than 96% of its revenue, while the ANVISA approval strengthens its manufacturing credentials for potential participation in the Brazilian pharmaceutical market.
Executive Director Viral Sitwala said the certification recognises the systems, discipline and collective efforts involved in maintaining manufacturing standards.
5. NRB Bearings to Sell 2.57% Stake in Amplus Ampere for ₹1.46 Crore
NRB Bearings Ltd has entered into share sale agreements to divest a combined 2.57% stake in Amplus Ampere Private Limited (AAPL) for a total consideration of ₹1.456 crore.
Under the agreements, NRB Bearings will sell 7.20 lakh shares, representing a 1.27% stake, to Apcotex Industries Ltd for ₹72 lakh. It will also sell 7.36 lakh shares, representing a 1.30% stake, to Deepak Novochem Technologies Ltd for ₹73.6 lakh.
Following the transactions, NRB Bearings will retain a 5.93% stake in AAPL. The company stated that the transactions are being conducted on an arm's-length basis and do not involve related parties.
Other Corporate Announcements
Epsom Properties: The Board approved unaudited financial results for the quarter and half-year ended September 30, 2026, following the Audit Committee's recommendation.
Responsive Industries: Independent Director Sanjiv Swarup resigned from the Board and its committees, effective October 22, 2026, citing personal and professional reasons, unavoidable circumstances and statutory limitations on directorships.
Technojet Consultants: The Board approved unaudited financial results for Q2 and H1 FY27 at its October 22 meeting.
Sagility Ltd: Declared an interim dividend of ₹0.15 per equity share for FY27. The record date is October 30, 2026, with payment scheduled on or before November 21, 2026.
Netripples Software: Reported an unmodified audit opinion on its audited standalone financial results for the year ended March 31, 2019. This is a historical announcement, not a current-year financial update.
Editorial note: Financial figures and corporate announcements are based on the information provided.
Disclaimer: This report is based on the market information supplied and reflects early trading conditions on October 22, 2026. It is for informational purposes only and is not investment advice.
