Bank credit to Indian industry recorded a robust 13.3 percent year-on-year increase in December, signaling a steady revival in corporate borrowing and investment appetite, according to data released by the Reserve Bank of India. The expansion reflects improved demand across manufacturing, infrastructure, and select service sectors, supported by healthier balance sheets and a gradual pickup in capital expenditure. While retail lending continues to be the primary growth driver for banks, the renewed traction in industrial credit suggests a broadening of the credit cycle.

Reliance Power reported a steep decline in profitability for the third quarter, with net profit falling 40 percent to Rs 25 crore, reflecting persistent operational and financial challenges. The performance was weighed down by higher expenses, subdued power demand in certain segments, and lingering stress in parts of the balance sheet. While the company continues to focus on cost rationalization and improving operational efficiency, the latest numbers highlight the uneven recovery across the power sector.

Bank of Baroda reported a strong financial performance in the third quarter, marked by a rise in net profit and a notable improvement in asset quality. The state-owned lender benefited from steady credit growth, stable margins, and lower provisioning requirements as non-performing assets continued to decline. Improved recoveries and disciplined risk management strengthened the balance sheet, while operating efficiency supported earnings momentum.

Aadhar Housing Finance delivered a resilient performance in the third quarter, reporting an 18% year-on-year increase in net profit, supported by steady loan growth, improving asset quality, and disciplined cost management. The affordable housing financier benefited from sustained demand in the low- and middle-income segments, even as broader macroeconomic conditions remained mixed. Stable margins, better collections, and controlled credit costs helped strengthen profitability.

State Bank of India reaffirmed its focus on performance-driven culture and employee motivation with the latest edition of its STAR Awards, a flagship recognition program celebrating exceptional contributions across the organization. The awards highlighted individual and team excellence in areas ranging from customer service and digital innovation to credit growth and risk management.

BMW Industries delivered a notable improvement in its third-quarter performance, reporting a rise in net profit to Rs 18 crore, signaling a steady recovery in operating momentum. The improvement was supported by better capacity utilization, firmer realizations in the steel segment, and disciplined cost management. Despite a challenging macro environment marked by volatile raw material prices, the company managed to protect margins and strengthen its balance sheet.

Security and facility management firm SIS Ltd reported a net loss of Rs 138 crore for the third quarter, primarily attributed to the transitional impact of the new Labour Code and elevated operational costs. The company highlighted that compliance with updated labour regulations, coupled with rising wage and administrative expenses, weighed on profitability despite stable revenue streams. Analysts note that the loss underscores sector-wide challenges as service providers adjust to evolving regulatory frameworks.

Steel Authority of India Limited (SAIL), one of India’s premier steel producers, has been recognized as a “Great Place to Work” for the third consecutive time, highlighting its commitment to fostering a culture of excellence, inclusivity, and employee engagement. The certification reflects SAIL’s focus on transparent leadership, career development, and workplace well-being initiatives. Analysts note that such accolades not only boost workforce morale but also enhance organizational reputation, making it easier to attract top talent in a competitive industrial landscape.

MTAR Technologies, a leading precision engineering and high-tech manufacturing firm, reported a net profit of Rs 34.6 crore for the third quarter, reflecting steady growth in both domestic and international orders. The performance was supported by robust execution in aerospace, defense, and industrial projects, alongside disciplined cost management. Revenue expansion and operational efficiencies contributed to margin improvement.

Paytm, India’s leading digital payments and financial services platform, reported a net profit of Rs 225 crore for the third quarter, signaling a significant turnaround in its profitability trajectory. The performance was underpinned by robust growth in digital payments, financial services, and wallet transactions, alongside disciplined cost management. Revenue diversification, coupled with increased adoption of Paytm’s fintech ecosystem, contributed to the margin expansion.