MAM
DHFL Pramerica Life Insurance announces the opening of Application Process for the 9th Annual ‘Pramerica Spirit of Community Awards’
MUMBAI: The search for school students who have made a positive difference to society through volunteer community service is now open. DHFL Pramerica Life Insurance Company Limited has announced the opening of the application process for the 2019 edition of Pramerica Spirit of Community Awards (SOCA) programme in India.
SOCA is an extension of ‘The Prudential Spirit of Community Awards,’ the largest youth recognition programme in the United States, conducted by Prudential Financial, Inc. (PFI) for last 23 years. The programme identifies and recognizes school students for their remarkable volunteer community service. The gala award ceremony will be held at the Smithsonian’s National Museum of Natural History and the U.S. Chamber of Commerce in Washington, D.C.
Introduced in India in 2010, Pramerica Spirit of Community Awards (SOCA) is an extension of ‘The Prudential Spirit of Community Awards, USA. Over the last 8 years more than 30,000 students have participated in this initiative by sending in their applications and of them, around 700 students have been recognized for their volunteer service efforts.
Announcing the launch of the 2019 'Pramerica Spirit of Community Awards' programme in India, Mr. Anoop Pabby, Managing Director & CEO, DHFL Pramerica Insurance Co. Ltd. said, “The Pramerica Spirit of Community Awards is an annual nationwide search to identify and recognize school students whose volunteer community service have made a difference to the society. I am happy to inform that the application window for the individual and group category for students in classes VI-XII is now open. By nominating yourself you will get a chance to represent India in Washington DC during the grand finale. So if you have made a difference to the society, here is the chance to narrate your story to the world because your change can make a change in the society.”
Olympic medalist and former World No.1 badminton player Saina Nehwal is the programme ambassador for SOCA. Saina has been associated with SOCA for last two years and her involvement has inspired students to become the change agents for a better tomorrow.
“Saina Nehwal continues to be our programme Ambassador for this year. She is an inspiration for youngsters, who view her as a perfect role model for achieving laurels for the nation through her perseverance and athletic spirit. Her presence will help in motivating the students further to participate in SOCA. ” added Mr. Pabby
Talking about her role as the 2019 SOCA Programme Ambassador, Ms. Saina Nehwal said, “It is a great honour for me to be associated with the Pramerica Spirit of Community Awards since 2016. I am overwhelmed to see such great projects by school children who in their capacities are trying their best to create positive change in society. I believe that every child has the potential to be a change agent. All they need is motivation and a push in the right direction. Despite their packed academic schedules, these young children have shown a high degree of intelligence, kindness, generosity, and above all the indomitable selfless spirit by contributing towards their respective communities.”
The top two winners in the individual category will receive medallions, a cash prize of Rs 50,000/- each and a return trip to Washington DC in May 2019. In the group category too, the participants of the winning team will receive medallions and a cash prize of Rs. 50,000/- to be shared amongst them. All participating schools will receive Certificates of Participation and the school principals of the Individual and Group category runner ups will receive Certificates of Merit for their schools.
In the year 2018, Banupriya S., a class VIII student of P.U.M. School (SSA), Kalachery West, Thiruvarur, Tamil Nadu and Ishita Mangla, a class XI student of Delhi Public School, R.K Puram, New Delhi were recognised as the winners in the Individual Category.
The application forms for SOCA can be filled online or downloaded from www.spiritofcommunityindia.com. The last date of submission of the completed and certified applications is December 31, 2018.
Brands
Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
