The Securities and Exchange Board of India (Sebi) Chief underscored the critical role of ethics and professional judgment in shaping the future of chartered accountants (CAs) during a recent industry forum. Highlighting evolving regulatory frameworks, technological disruption, and increasing complexity in financial reporting, he stressed that technical expertise alone is insufficient; integrity, ethical decision-making, and sound judgment are paramount.

ESAF Small Finance Bank Ltd. reported a remarkable turnaround in the third quarter, posting a net profit of Rs. 7 crore, compared with a net loss of Rs. 211 crore in the same period last year. The recovery was driven by improved asset quality, disciplined credit growth, and enhanced operational efficiency. Strong collection mechanisms, prudent provisioning, and cost optimization contributed to profitability, signaling a stabilization of the bank’s financial health.

Cholamandalam Investment and Finance Company Ltd. reported a notable increase in profit after tax (PAT) for Q3, driven by higher loan disbursements, stable interest income, and disciplined asset quality management. The company benefited from growth across retail and SME financing segments, while maintaining a low non-performing asset (NPA) ratio. Operating efficiency and prudent provisioning contributed to improved profitability.

Power Grid Corporation of India Ltd. reported a solid 8% year-on-year increase in net profit for the third quarter, reaching Rs. 4,185 crore, supported by stable revenue from electricity transmission operations and efficiency in cost management. The company maintained healthy margins despite rising operational expenses and capital expenditure on grid expansion projects. Analysts highlight that Powergrid’s performance reflects consistent demand for power infrastructure, strategic project execution, and disciplined financial management.

AVI Polymers Ltd. posted a significant increase in net profit for the third quarter, reaching Rs. 7 crore, driven by strong domestic and export demand for specialty polymers. Revenue growth was underpinned by higher sales volumes, operational efficiency, and strategic pricing initiatives. The company leveraged its diversified product portfolio to capture market share in high-growth industrial and chemical segments.

Sun Pharmaceutical Industries Ltd. reported a 16% year-on-year increase in net profit for the third quarter, reaching Rs. 3,369 crore, driven by robust domestic and international formulations sales. Revenue growth was supported by strong performance in specialty generics, emerging markets, and strategic product launches in key geographies. The company maintained healthy margins despite cost pressures on raw materials and regulatory compliance expenses.

Birla Corporation Ltd. reported a remarkable 71% year-on-year jump in net profit for the third quarter, reaching Rs. 53 crore, driven by robust domestic cement demand and operational efficiencies. Revenue for the period grew in tandem, reflecting higher volumes and improved pricing across multiple regions. The company’s performance underscores resilience in the building materials sector despite inflationary pressures on raw materials and energy costs.

The impending India-European Union Free Trade Agreement (FTA) is expected to significantly boost India’s footwear and leather exports, reducing tariffs and easing market access in one of the world’s largest consumer markets. Industry bodies project that the agreement will enable Indian manufacturers to enhance competitiveness, diversify export destinations, and increase revenues by Rs. 8,000–10,000 crore annually.

Jaro Institute, a leading provider of online and executive education, has posted a 38% increase in revenue for the latest fiscal period, reflecting strong demand for digital learning solutions. The growth was driven by expansion in enrollment across programs, strategic partnerships with universities, and innovative course offerings catering to working professionals. The institute’s profitability metrics also showed marked improvement, with net margins expanding due to operational efficiencies and scale.

The State Bank of India (SBI) Chairman has called for taxation parity between bank deposits and equity investments, highlighting a structural imbalance that discourages long-term investment in equities. Speaking at a financial forum, he emphasized that disproportionate taxation on fixed deposits compared to capital gains from equities has created suboptimal investment behavior, leading to lower market participation and savings inefficiency.