M&A / Stake Purchase / Joint Venture

Several Indian companies reported recent financial results and corporate actions. Siemens Energy India saw strong Q2 FY26 performance, with revenue up 27.4% and profit after tax increasing by 52.4%, driven by improved operating leverage and export contributions. Bhagyanagar India also achieved record FY26 results, reporting a 46.3% revenue increase and a 258% jump in profit after tax. Conversely, National Standard India experienced a 27% decline in net profit for FY26, although the company continues to progress with its merger with Lodha Developers. Multiple companies are undergoing amalgamation schemes, including Dirba Pipes, Peria Karamalai, and Sheela Foam, reflecting ongoing corporate restructuring activity within the Indian market.