Hindustan Copper shares rallied 4% to their days’ high of Rs 592 on the NSE on Monday after the company reported a consolidated net profit of Rs 444 crore for the March quarter, sharply higher than the Rs 189 crore posted in the same period last year, marking a 134% year-on-year (YoY) increase.

Revenue from operations climbed 58% to Rs 1,156 crore in Q4FY26 from Rs 731 crore in the corresponding quarter of the previous financial year, the company said in a regulatory filing on Friday.

EBITDA jumped to Rs 627 crore from Rs 266 crore in the corresponding quarter last year. Operating margin improved sharply to 54.3% from 36.4%, supported by better operational efficiency and stronger profitability.

On a sequential basis, profit after tax jumped 184% from Rs 156 crore reported in Q3FY26. Revenue also rose 68% quarter-on-quarter (QoQ) from Rs 687 crore recorded in the October-December period.

Total expenses during the quarter stood at Rs 597 crore, compared with Rs 397 crore in Q3FY26 and Rs 519 crore in Q4FY25. This reflects a 50% increase sequentially and a 15% rise year-on-year. The expenditure was incurred towards raw material consumption, employee benefits, finance costs, and power and fuel expenses.

For the full financial year, Hindustan Copper posted revenue of Rs 3,078 crore against Rs 2,071 crore, registering a growth of 49%. Net profit for FY26 came in at Rs 921 crore, up 97% from Rs 467 crore reported in the previous financial year.
The board also approved a proposal to raise up to Rs 500 crore through non-convertible debentures (NCDs) or bonds via private placement. In addition, the company also cleared plans to raise funds through a qualified institutional placement (QIP) of up to 9.69 crore equity shares to finance capital expenditure and expansion projects approved by the Cabinet Committee on Economic Affairs (CCEA).The company has also laid out a broader digital transformation roadmap that includes ERP modernisation, deployment of private 5G networks, AI- and machine learning-driven analytics, and integrated command centres to support its long-term growth plans.

The board also recommended a dividend of Rs 1.86 per share for FY26. The payout will be made after shareholder approval at the upcoming Annual General Meeting (AGM), while the payment date will be announced separately.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. The author is an employee of Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

The shares of edtech platform Physicswallah will remain in focus on Monday as nearly 26 crore shares worth around Rs 2,949 crore, representing 9% of the company’s total equity, are set to become eligible for trade after the six-month lock-in period expires today, according to Nuvama Institutional Equities.

However, it is important to note that the lock-in expiry does not imply that all these shares will be offloaded in the market immediately. It simply means that these shares can now be traded by the shareholders. At the previous closing price of Rs 113.85 apiece on NSE, the said number of shares that will free up for trade today is worth more than Rs 2,948.72 crore.

Physicswallah share price

Physicswallah shares had made a healthy market debut in November last year, listing with a premium of 33% over the IPO price at Rs 145 apiece on NSE. This came after the Rs 3,481 crore IPO was subscribed nearly 2 times its offer size, primarily driven by strong interest from the qualified institutional buyers (QIB). On the day of listing, the shares of the Alakh Pandey-founded company surged to Rs 161.99 apiece, before beginning to decline. The stock crashed 52% in less than four months to hit a record low of Rs 77.72 apiece on March 4 this year.

The stock has so far recovered 47% from that level to close at Rs 113.85 apiece on Friday. It is however still down 22% from its listing price of Rs 145 apiece and 5% higher than its IPO price of Rs 109 apiece.

Physicswallah earnings snapshot

Physicswallah in February this year reported a 34% year-on-year (YoY) rise in operating revenue to Rs 1,082.4 crore for the October-December quarter of FY26, driven by growth in paid users and expansion of its offline centre network.Its net profit meanwhile rose to Rs 102.3 crore in Q3 FY26, compared with Rs 70 crore in Q2 FY26.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The UK landline shutdown that telecoms providers have been warning about for years is no longer a future event. With Openreach now well into the PSTN switch-off programme and analogue lines being decommissioned across the country, every business still on a traditional phone system is on a clock.

For SMEs running on existing landline contracts, switching to a VoIP business phone system isn’t an optional upgrade — it’s a deadline. The question isn’t whether to switch, but which provider to switch to and whether to lock into a multi-year contract while doing it.

The market has matured significantly since the last wave of VoIP adoption in 2019-2021. Providers now compete on AI-driven features (call transcription, CRM integration, live analytics) rather than basic VoIP capability, and the UK SME market has fragmented into providers that lean toward long-term contracts versus a smaller group offering monthly rolling subscriptions. This guide reviews the most relevant business VoIP phone systems available to UK SMEs in 2026, what each one is built for, and which kind of business each one actually suits.

How this list was compiled

Each provider below was assessed against four criteria UK business buyers actually care about: contract structure (rolling monthly vs. multi-year lock-in), AI and CRM integration capabilities (call transcription, live analytics, integration depth), pricing transparency for SME budgets, and signal of real adoption across UK businesses. Pricing reflects published rates at time of writing, and providers without verifiable UK presence were excluded.

Comparison snapshot

Provider	Contract type	Standout feature	Best for	Starting price
Devyce	Rolling monthly	AI call summaries + 15+ CRM integrations native	UK SMEs and recruitment teams wanting AI features without lock-in	From £35/user/mo
bOnline	12-36 month contracts	UK SMB-focused, simple setup	Microbusinesses wanting low-cost basic VoIP	From £6/mo
Vonage Business Cloud	12-month contracts	Strong international calling	Businesses with significant international call volume	From £8/mo
RingCentral	12-month minimum	Mature platform with full UC features	Established SMEs needing unified comms	From £8/mo
8×8	Annual contracts	Enterprise-grade contact centre features	Larger SMEs and contact centre operations	From £12/mo
Dialpad	Annual contracts	AI Voice Intelligence	Sales teams wanting AI conversation analytics	From £12/mo
Voipfone	Flexible terms	UK-only specialist	UK SMEs preferring a UK-only provider	From £3/mo
GoTo Connect	Annual contracts	Combined voice and video conferencing	SMEs wanting voice and meetings in one platform	From £20/mo
Gamma	Contract-based	Established UK telecoms infrastructure	Larger SMEs wanting traditional telecoms support model	Contact for pricing

1. Devyce — AI-native business phone system with no contracts

Devyce is one of the few business voip phone systems that has built around two genuinely modern positions: AI-driven features as a default rather than a paid add-on, and rolling monthly subscriptions rather than the multi-year contracts that have historically defined business telecoms. For UK SMEs that have watched neighbouring businesses get trapped in 36-month bOnline or Vonage contracts they outgrew within a year, that combination addresses the two most-cited frustrations with traditional business VoIP procurement in one product. Devyce starts at £35 per user per month on the Essentials plan, with Enhanced at £49 and custom Enterprise pricing for larger organisations.

The AI side of the platform handles what most UK SMEs would otherwise pay separately for. AI Summary, AI Questions, and AI-Suggested CRM Updates run during and after calls — automatically summarising conversations, extracting answers to specific questions about call content, and writing structured updates back into the CRM. Call transcriptions are included as standard on every plan rather than gated behind a premium tier, which is unusual in the UK SME VoIP market. The CRM integrations list reflects where Devyce has gained traction: 15+ integrations including JobAdder, Bullhorn, Vincere, and HubSpot are first-class connections, which is why the platform has built a meaningful following in UK recruitment specifically, alongside maritime, professional services, and hybrid-team SMEs.

The plan structure is built around how SMEs actually grow. The Essentials plan covers small teams at £35/user/month with 600 UK calls and 300 SMS per month, one number per user, and the full AI summary and CRM integration stack. The Enhanced plan at £49 adds unlimited calling, live call monitoring and whispering (the supervisor-coaching feature most useful to sales and recruitment teams), API access for custom integrations, and a second number per user. Both plans run on rolling monthly subscriptions with no minimum contract length — only a three-user minimum on team plans. The Enterprise tier moves to custom pricing for larger organisations needing centralised billing, smart call routing, and custom CRM integrations.

Devyce sits at a higher entry price than the budget UK competitors (bOnline at £6, Voipfone at £3), but the comparison is misleading because the budget providers don’t include the AI, CRM, and call analysis features as standard. For UK SMEs that would otherwise buy a basic VoIP plan plus a separate AI transcription tool plus CRM integration middleware, Devyce’s bundled pricing typically works out cheaper across the full stack — and the rolling monthly model means businesses scale users up and down as headcount changes without renegotiation friction.

Best for: UK SMEs (particularly recruitment, professional services, and hybrid teams) wanting AI-native features and CRM integration without multi-year contract lock-in. Standout feature: AI Summary, AI Questions, and AI-Suggested CRM Updates as standard on every plan — plus call transcriptions and 15+ CRM integrations. Notable integrations: JobAdder, Bullhorn, Vincere, HubSpot (15+ total). Pricing: From £35 per user per month (Essentials) on rolling monthly subscriptions. Enhanced £49, Enterprise custom.

2. bOnline — UK SMB-focused VoIP at the entry-level price point

bOnline has built one of the most-recognised UK VoIP brands by focusing tightly on microbusinesses and SMEs at the entry-level price point. The platform handles the VoIP basics cleanly — call routing, voicemail, multi-device access, hold music, opening hours — and the pricing is genuinely accessible at £6/month for the entry plan. For a sole trader or microbusiness moving off a landline for the first time, bOnline is one of the lowest-friction options on the UK market.

The trade-off sits in the contract structure and feature ceiling. bOnline typically signs customers to 12-36 month contracts at the entry pricing, and the AI and integration features that mid-sized businesses increasingly expect aren’t part of the core offering. For businesses that need a basic phone system and will stay in that bracket, the trade is fair; for businesses likely to outgrow the basics within 18 months, the contract length is the bigger cost than the headline rate suggests.

Best for: UK microbusinesses and sole traders moving off landlines for the first time. Standout feature: Lowest entry pricing on the UK SME VoIP market. Pricing: From £6 per user per month.

3. Vonage Business Cloud — international calling specialist

Vonage has built a strong position with UK businesses that have meaningful international calling volume — exporters, multinational SMEs, companies with international clients. The international calling rates are competitive and the platform supports global numbers across major markets, making the pricing model work out cheaper than UK-only providers for businesses where international call costs are a material P&L line. For primarily UK-focused businesses, the international features add complexity without delivering corresponding value.

Best for: UK SMEs with significant international calling requirements. Standout feature: Competitive international calling rates with global number availability. Pricing: From £8 per user per month.

4. RingCentral — full unified communications platform

RingCentral is one of the most mature unified communications platforms on the market, combining voice, video, messaging, and integrations into a single platform. The UK SME proposition is strongest for businesses that have outgrown basic VoIP and want everything (calls, video meetings, team messaging, CRM integration) in one tool rather than across three separate subscriptions. RingCentral’s integration list is one of the deepest in the category, covering most of the major CRM, helpdesk, and productivity tools UK businesses run.

The trade-off is complexity and price. RingCentral is overkill for microbusinesses and overlapping for businesses already running Microsoft Teams or Google Workspace for video and messaging. For established SMEs at 20-200 employees that want unified communications without the enterprise platform overhead, it’s a strong fit.

Best for: Established UK SMEs (20-200 employees) wanting unified comms in one platform. Standout feature: Deep integration ecosystem across CRM, helpdesk, and productivity tools. Pricing: From £8 per user per month.

5. 8×8 — contact centre capabilities for larger SMEs

8×8 sits at the higher end of the SME VoIP market with contact-centre-grade capabilities that make sense for businesses where the phone system is a meaningful customer service or sales channel rather than just internal communication. Advanced call routing, queue management, supervisor monitoring, and detailed analytics are part of the core proposition rather than enterprise upgrades, making it one of the strongest mid-market options for SMEs running formal contact centre operations or customer-facing teams of 20+ agents. For SMEs using the phone system primarily for internal and ad-hoc external calls, the contact centre features add cost without commensurate value.

Best for: Larger UK SMEs with formal contact centre operations or customer service teams. Standout feature: Contact centre features at SME-accessible pricing. Pricing: From £12 per user per month.

6. Dialpad — AI conversation analytics for sales teams

Dialpad has built around AI Voice Intelligence — real-time transcription, sentiment analysis, post-call summaries, and action item extraction. The proposition is strongest for sales teams treating the phone system as a measurable revenue channel rather than a general communication tool, where the AI layer delivers operational data on call quality, objection patterns, and rep performance. For SMEs whose phone system is primarily general business communication, the AI features are useful but not differentiating, and Dialpad’s pricing reflects its sales-team positioning at a premium within the mid-market band.

Best for: Sales teams treating the phone system as a measurable revenue channel. Standout feature: AI Voice Intelligence with sentiment analysis and call coaching outputs. Pricing: From £12 per user per month.

7. Voipfone — UK-only specialist provider

Voipfone is one of the longest-established UK VoIP providers, focused on UK-only SMEs wanting a domestic specialist rather than a global platform. Entry pricing is among the lowest in the UK market (from £3/month) and the support model is UK-based and well-regarded in the SME community. The platform is feature-light by modern UC standards — Voipfone handles VoIP cleanly but doesn’t compete with the AI-native or full-UC propositions. For UK-only SMEs wanting a domestic provider at low cost without needing AI features or deep CRM integration, it’s a credible option.

Best for: UK-only SMEs prioritising a domestic specialist provider at low cost. Standout feature: Lowest entry pricing among reputable UK VoIP providers. Pricing: From £3 per user per month.

8. GoTo Connect — voice and video in one platform

GoTo Connect bundles VoIP, video conferencing, and messaging into a single platform, aimed at SMEs wanting to consolidate phone and video meeting subscriptions. For businesses running Zoom or Microsoft Teams separately from their VoIP provider, the bundled approach can deliver real cost savings. The trade-off is feature depth — GoTo Connect’s voice and video are both solid rather than category-leading, so businesses prioritising either capability specifically often find dedicated tools deliver more. For SMEs treating voice and video as commodity utilities that should be consolidated, the bundle works.

Best for: SMEs wanting to consolidate voice and video conferencing into one platform. Standout feature: Bundled voice, video, and messaging in one subscription. Pricing: From £20 per user per month.

9. Gamma — established UK telecoms infrastructure provider

Gamma is one of the established names in UK business telecoms, with a strong position serving larger SMEs and mid-market businesses wanting a traditional telecoms relationship model — account management, scheduled reviews, infrastructure-grade SLAs — rather than a self-service SaaS product. The technology is solid, the support model fits businesses preferring named account management to chat-based support, and pricing reflects the heavier service overhead. Procurement involves sales conversations rather than self-service signups. For larger SMEs preferring the established UK telecoms relationship model, Gamma is the natural choice; for businesses wanting modern self-serve VoIP, it’s a different category entirely.

Best for: Larger UK SMEs preferring an established UK telecoms relationship model. Standout feature: Account management and SLAs at infrastructure-grade levels. Pricing: Contact Gamma for current pricing.

How to choose the right business VoIP phone system

The right provider depends on business size, contract appetite, AI requirements, and the kind of buyer experience the business wants from its telecoms vendor.

Start with the contract question. It’s the single most important variable and the one most procurement processes underweight. Twelve-to-thirty-six-month contracts at low entry pricing look attractive on day one and frustrating by month fifteen, particularly for SMEs whose headcount changes meaningfully across that period. Rolling monthly contracts cost slightly more on the headline rate but deliver flexibility that becomes valuable the moment business circumstances change. For SMEs going through any kind of growth, restructure, or hybrid-work transition, the contract flexibility usually outweighs the headline-rate saving across a three-year window.

Match the AI features to actual use. AI-driven features (transcription, sentiment analysis, CRM integration) are genuinely transformative for sales teams, customer service operations, and recruitment businesses where conversation quality is a measurable input to revenue. They’re useful-but-not-essential for general business communications. SMEs paying for AI features they don’t use are common — the discipline is to honestly assess whether the team will actually act on call insights or whether the AI layer is theatre.

Check the CRM integration depth, not just the integration list. Every VoIP provider claims CRM integration. What matters is whether the integration writes call records back to the CRM automatically (the useful version) or whether it just provides a click-to-dial button from the CRM (the trivial version). For recruitment, sales, and professional services SMEs, deep two-way CRM integration is a meaningful operational lift; for businesses that don’t run their operations from a CRM, it’s irrelevant.

Audit the support model. UK SMEs vary widely in their preferred support relationship. Some operators want 24/7 chat-based self-service; others want a named account manager and quarterly business reviews. Both are valid; the friction comes from mismatched expectations. Modern VoIP providers (Devyce, RingCentral, Dialpad) typically run self-service support with optional account management; established UK telecoms (Gamma, parts of Vonage’s UK business) lean more toward named account relationships. Match the model the business actually prefers operating against.

Don’t optimise purely for entry price. Headline rate is a poor proxy for total cost of ownership across a three-year window. A £3-£8 entry-tier provider often delivers basic VoIP only, requiring separate subscriptions for AI transcription (typically £15-£25/user/month), CRM middleware (£10-£20/user/month), and call analytics — meaning the all-in cost lands at £30-£50/user/month for a fragmented stack. Mid-tier providers at £15-£35/user/month that bundle AI, CRM integration, and call records into the core platform often work out cheaper across the full stack, with the added benefit of one vendor rather than three. The cheapest entry-tier provider is rarely the cheapest provider across three years once the team starts needing modern features.

Frequently asked questions

What is a business VoIP phone system? A business VoIP (Voice over Internet Protocol) phone system makes and receives calls over the internet rather than traditional phone lines. Modern business VoIP systems typically include call routing, voicemail, multi-device access, video conferencing, CRM integration, and increasingly AI-driven features like call transcription and analytics.

Will the UK landline shutdown force every business to switch to VoIP? Yes, in practical terms. Openreach is decommissioning the legacy PSTN network through 2027, and analogue and ISDN lines are being switched off region by region. Every UK business currently on a traditional landline will need to move to either VoIP or a similar digital phone system before their local exchange’s switch-off date.

How much does business VoIP cost in the UK in 2026? Entry-tier UK VoIP providers start at £3-8 per user per month. Mid-market unified communications platforms run £8-15 per user per month. Enterprise and contact centre features push pricing to £15-30 per user per month. Most UK SMEs end up at £8-15 per user per month for a feature-complete business phone system.

Can a business keep its existing phone numbers when switching to VoIP? Yes. UK number portability rules require providers to support porting in geographic, non-geographic, and mobile numbers from existing providers. Most VoIP providers handle porting as part of the onboarding process at no extra charge, typically taking 1-3 weeks depending on the source provider.

Are VoIP business phone systems secure? Modern VoIP providers run encryption on calls and data, support multi-factor authentication, and meet UK and EU data protection requirements. As with any internet-based service, security is partly the provider’s responsibility (encryption, infrastructure security) and partly the business’s (password discipline, access management). Reputable UK VoIP providers handle the provider side competently; the business needs to handle access discipline.

Closing thoughts

The UK business VoIP market in 2026 splits into three meaningful groups: AI-native providers like Devyce and Dialpad that have built around modern features as defaults rather than upgrades; established platform providers like RingCentral, 8×8, and Vonage that lead on unified communications depth; and traditional UK telecoms specialists like bOnline, Voipfone, and Gamma that compete on UK-specific service models and pricing. For UK SMEs prioritising AI features and contract flexibility, Devyce is the most direct fit; for SMEs that want full unified communications, RingCentral or 8×8 are stronger options; for microbusinesses on tight budgets, bOnline and Voipfone are credible entry-level choices. The single most important decision isn’t which provider, but whether to lock into a long-term contract or stay on a rolling monthly model — and the answer to that question shapes the shortlist as much as feature requirements do.

This article was written by

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.