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Flair Writing Industries posts 20 per cent revenue growth in December quarter
MUMBAI: It seems Flair Writing Industries has no intention of running out of ink just yet, as their latest financial results prove they are still writing their own success story with remarkable precision. The Mumbai-based stationery powerhouse has released its unaudited consolidated results for the quarter ended 31 December 2025, revealing a performance that is, quite literally, one for the books.
For the quarter ending December 2025, the group reported a robust revenue from operations of Rs 31,769.85 lakhs, a significant climb from the Rs 26,454.77 lakhs recorded in the same period the previous year. Total income for the quarter stood at Rs 32,081.90 lakhs, comfortably outpacing the Rs 27,107.19 lakhs seen in the 2024 December quarter.
The nine-month trajectory is equally sharp; the company’s revenue from operations hit Rs 92,715.63 lakhs compared to Rs 78,181.52 lakhs in the prior year’s corresponding period. This steady ascent suggests that while the digital age might be upon us, the world still has a massive appetite for a reliable ballpoint.
Despite a slight dip in profit after tax compared to the preceding quarter (September 2025), the company still posted a solid profit of Rs 3,314.04 lakhs for the December quarter, up from Rs 2,926.88 lakhs in December 2024. Basic earnings per share (EPS) for the quarter were recorded at Rs 3.11.
In a move that will likely keep investors’ spirits high, the Board of Directors has declared an interim dividend of Rs 0.50 per equity share (10% of the Rs 5 face value). Shareholders should mark their calendars for 4 February 2026, which has been fixed as the record date for this payout.
Flair isn’t just sitting on its laurels; it’s putting its IPO proceeds to work. Of the Rs 27,303.72 lakhs raised through its fresh issue, the company has already utilised Rs 25,388.49 lakhs.
New valsad unit: Rs 3,684.07 lakhs has been spent on setting up the new facility, with Rs 1,915.23 lakhs still unutilised and temporarily parked in fixed deposits.
Capital expenditure: The company and its subsidiary, Flair Writing Equipments Private Limited, have fully utilised the allocated Rs8,674.80 lakhs for capital expenditure.
Working capital & debt: A further Rs 7,700.00 lakhs was funneled into working capital, while Rs 4,300.00 lakhs was used to repay or prepay borrowings.
The company also noted the implementation of the new unified labour codes effective from 21 November 2025. While the Ministry of Labour & Employment has published draft rules, Flair’s current assessment suggests the financial impact is “not material” and has not been recognised in these results. However, they remain on standby to evaluate any future impact once the final State and Central rules are fully notified.
With five decades of “excellence” behind them, Flair continues to prove that in the world of writing instruments, they are still the ones holding the pen.
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YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
