The stock has gained nearly 22% over the past three months, of which 10% came after the declaration of second-quarter numbers on October 18. The broader financial services index has gained over 9% in three months and 2% since October 18.

The housing finance company is likely to improve AUM growth to over 15% in FY27 from the expected 12% for the current fiscal year, supported by expansion in northern regions and a recovery in existing southern markets. It opened 32 new branches in the September quarter, taking the total number to 248. The lender is focused on strengthening its presence beyond the southern states where it has historically been strong.

In the September quarter, the proportion of branches and loan portfolio in the southern region fell to 54% and 71%, from 60% and 73% respectively a year ago. This helped the company maintain momentum in assets under management despite slower loan disbursement in Karnataka and Telangana. Outside key geographies, the lender continues to see strong growth in the eastern and northern states at over 30%, while Tamil Nadu and western states are showing growth of around 25%, according to a research report.

The company expects to raise the share of incremental disbursements in the northern region to 40% by March 2028, up from 32% at the end of September 2025. Disbursements rose 26% year-on-year and 7% sequentially to ?2,545 crore. The pace of growth may moderate at the company level, but this is expected to be temporary.

The gross non-performing asset (NPA) ratio remained below 1% in the September quarter due to lower provisioning and easing delinquencies. NPAs in the salaried portfolio fell sharply from ?627 million to ?372 million, reflecting stronger repayment trends and improving asset quality, according to another research note. Gross NPAs are expected to stay within the 0.9–1% range in the near term.

The net interest margin (NIM) expanded to 4% in the September quarter from 3.6% a year earlier amid softening borrowing costs. Analysts expect NIM to remain around 4% for FY26. Earnings estimates for FY26 have been revised upward by around 5% to account for higher NIMs and lower credit costs. Advances and net profit are projected to grow at a CAGR of around 13% over FY25–28, with return on assets expected to remain above 2.2%. The stock ended 0.6% lower at ?886.4 on Thursday.

Authorities have instructed the local civic body to temporarily halt construction of the proposed Velachery flyover, as the structure overlaps with the alignment of a planned metro corridor connecting Tambaram, Velachery and Guindy.

The halted project includes a 3 km, three-lane flyover beginning 300 metres after the junction of Sardar Patel Road and Velachery Main Road, extending up to the Velachery Bypass. It was intended to ease severe peak-hour congestion at key points such as Race Course Road, Five Furlong Road and the Velachery Bypass junction. Traffic studies indicate that the Five Furlong Road junction handles 7,459 PCUs during peak hours, while the junction near a major educational institution sees 7,742 PCUs.

According to a senior official from the civic body, discussions between the two government agencies are ongoing. “Several rounds of talks have been held. They asked us to pause construction for two months, but we have requested clarity within a month. For now, the contractor remains on standby,” the official said.

The metro authority is currently preparing the Detailed Feasibility Report for the new corridor. Officials fear that if the flyover proceeds now, the contractor may eventually withdraw, especially if delays escalate.

Approximately 650 metres of the planned flyover overlap with the proposed metro alignment along the 200-Feet Radial Road, stretching from the junction near a major college up to the Five Furlong Road junction.

“More than 20 flyover pillars fall directly within the metro route. A metro station is also planned near a major commercial hub. If the flyover is built first, it may have to be demolished later,” the civic official said, adding that they are open to allowing the metro authority to build the overlapping portion of the flyover and reimburse the cost.

A senior metro official confirmed the request to pause the work. “If construction continues, the flyover will likely interfere with the metro alignment. The chances of demolition later are high. Since planning is still being finalised, we have requested a temporary hold.”

A senior state leader said that many companies are choosing to invest in Tamil Nadu because the state maintains strong law and order, offers a business-friendly environment, and ensures transparency in governance.

Speaking at an investors summit in the city, it was stated that 1,016 investment agreements valued at ?1,140,731 crore have been signed across 17 investment conferences held in the last four years. These investments have created over 3.4 million direct and indirect employment opportunities.

The leader added that some groups are spreading misinformation about these investments for political reasons.

As part of the state's semiconductor development mission for 2030, semiconductor parks will be established in Sulur and Palladam. The state also emphasized the need for collaboration between industry and academic institutions to build a strong knowledge-based economy, and proposed the creation of a new university research park trust to support this goal.

Highlighting the competitive environment for securing industrial investments, it was noted that Tamil Nadu competes not only with other Indian states but also with countries such as Vietnam and Thailand. Incentives are provided based on the state's financial capacity and after evaluating the long-term benefits to the state.

The government is seeking investments in every district. Following events held in other regions, the latest investors' meet underscores the state's development priorities.

Later, at the summit, the state's industries department encouraged businesses in Coimbatore and Tirupur—particularly those in the textile sector—to explore opportunities in technical textiles, assuring full government support for companies focusing on this high-growth sector.

According to officials, of the 128 stations on the 118.9-km Phase II network, property developments have been planned in at least 25. While huge towers will come up at major stations such as the ones at Central, Mandaveli, Thousand Lights, and Thirumangalam, additional floors will be constructed for use as office space or to set up retail outlets at many stations including Perungudi, Sholinganallur, Karapakkam, Thoraipakkam, Madhavaram High Road, Sembiyam, Ayanavaram, Otteri, Perambur Barracks Road, Purasawalkam, Chetpet, Sterling Road, Nungambakkam, Royapettah, Adyar Depot, and Thirumayilai.

From the Phase I project, officials noted the need to create such infrastructure at the construction stage itself. Based on land availability—whether above the entry/exit points or on adjoining land—multi-storey buildings are being set up to function as office, commercial, or retail spaces. The goal is that commuting for work, shopping, or dining should eventually shift to public transport.

Experts indicated that the city would significantly benefit from a massive supply of office and retail space over the next few years. There is an increasing demand for office spaces in the city, and developing office and retail spaces integrated into Metro Rail stations or on adjacent land parcels is seen as an ideal strategy at a time when there is land scarcity for commercial spaces.

It was also noted that large property development projects near stations would attract major players to set up offices or malls in these areas. Smaller stations such as those at Boat Club, Nungambakkam, and Sterling Road are expected to boost premium retail demand in specific micro-markets and generate fresh demand.

The information technology corridor on Old Mahabalipuram Road and the corridor along Mount-Poonamallee Road are expected to gain substantially from the connectivity offered by the Metro Rail system along with the addition of office and commercial spaces. Almost every station has been designed with retail and commercial development in mind. Whether companies establish offices or retail and food outlets come up, the entire ecosystem is expected to strengthen after the completion of Phase II, transforming the network into a world-class facility as transit-oriented development takes root in the city. 

A south-focused real estate developer announced that a global investment firm has agreed to invest ?700 crore in an upcoming industrial and warehousing infrastructure project near Chennai, according to a recent report. The developer stated that it has entered into a strategic investment arrangement under which the international investment firm will fund the creation of 4.2 million sq ft of industrial and logistics space. The plan includes developing two large-scale industrial and logistics parks across 154 acres in the Sriperumbudur region near Chennai. These projects are designed to support businesses in sectors such as e-commerce, third-party logistics, and manufacturing, and are expected to reach a total development value of ?1,500 crore upon completion. A domestic automobile company has already pre-leased a portion of the upcoming space. The developer’s industrial and warehousing division has already delivered 6 million sq ft of space, with an additional 15 million sq ft currently under development. Construction on both parks is set to begin soon, and the entire project is expected to be completed within 30 months, according to the statement.

Traditionally, Coimbatore and Pune have earned a reputation as preferred cities for retirees. Their moderate climate, relaxed lifestyles, and abundance of retirement-friendly housing options made them top choices for senior citizens across India. These cities have long offered comfort, community living, and affordability—qualities that older adults and their families often prioritize.

However, recent trends indicate a clear shift. Chennai, once seen as more urban and fast-paced, is now emerging as a strong contender in the senior-living segment. Several factors are contributing to this change:

Affordability:
Compared to other major metros, Chennai continues to offer reasonably priced retirement homes, making it appealing for middle-income seniors.

Strong healthcare ecosystem:
Chennai’s robust network of hospitals, medical specialists, and emergency care facilities provides seniors with confidence in long-term, dependable healthcare.

Growing NRI preference:
Many NRIs seeking a safe, stable environment for their parents now see Chennai as a reliable choice due to the availability of quality senior-living options.

Development along OMR–ORR:
The rapid growth of modern townships and well-planned gated communities along this corridor has created ideal conditions for senior-focused housing. As a result, Chennai is steadily positioning itself as one of the top emerging destinations for senior living, gradually closing the gap with Coimbatore and Pune.

Minister P. K. Sekarbabu announced on Monday that the Ambattur Industrial Estate bus terminus will be opened to the public by the end of this month, following his inspection of the final stages of work. He also reviewed the renovation progress at Murasoli Maran Park in Perambur. According to him, Chennai is currently witnessing a major push to finish long-pending bus terminus projects. After the Kilambakkam terminus began operations, work on the previously delayed Kuthambakkam facility accelerated and is now expected to be completed by January next year. New bus termini have already been established at Thiru Vi Ka Nagar and Periyar Nagar, while additional facilities are under construction in Mahabalipuram, Chengalpet, Avadi, and Alandur. Originally constructed in 1967, the Ambattur terminus is being upgraded after 58 years. The revamped facility will feature 11 shops, a nursing room, restrooms, a dining hall, and a waiting area. Once it becomes operational at the end of this month, about 140 buses will run from the terminus, making over 1,400 trips every day.