Latest Rapid Results

Q2FY26 Quarterly Result Announced for Amines & Plasticizers Ltd.

Commodity Chemicals company Amines & Plasticizers announced Q2FY26 results

• Revenue: Rs 133.14 crore against Rs 166.64 crore during Q2FY25, change -20% YoY.
• EBITDA: Rs 10.87 crore against Rs 16.74 crore during Q2FY25, change -35% YoY.
• PBT: Rs 8.21 crore against Rs 12.99 crore during Q2FY25,, change -37% YoY.
• PAT: Rs 6.17 crore against Rs 9.78 crore during Q2FY25,, change -37% YoY.
• EPS: Rs 1.12 for Q2FY26.

Hemant Ruia, Chairman & Managing Director, said: “In line with its earlier guidance, Amines and Plasticizers Limited reported a subdued performance during the second quarter of FY26. The results reflected the impact of a volatile macroeconomic environment and continuing geopolitical factors that influenced overall sector performance. Additionally, the Company faced curtailed supply of one of its key raw materials, ethylene oxide, due to a planned maintenance shutdown by the supplier. Supply conditions normalised from the second week of November, although another planned shutdown is expected in the fourth quarter, which may have some bearing on business performance.

To mitigate the impact of the supply constraints, the Company optimised its production mix by shifting towards an alternative product line that supported profitability despite lower volumes. From the beginning of the third quarter, domestic sales have started showing signs of recovery, and the Company remains hopeful of sustained improvement through the remainder of the financial year.

Looking ahead, FY26 is expected to remain a challenging year given the uncertain operating conditions. The Company continues to prioritise new product development, strengthening its product portfolio, and enhancing operational readiness to capitalise on growth opportunities once the business environment becomes more stable.”

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Q2FY26 Quarterly Result Announced for Ajax Engineering Ltd.

Commercial Vehicles company Ajax Engineering announced Q2FY26 results

• Revenue from Ops: Rs 445 crore against Rs 301 crore during Q2FY25, change 48%.
• EBITDA: Rs 45 crore against Rs 39 crore during Q2FY25, change 16%.
• EBITDA Margin: 10.2% for Q2FY26.
• PAT: Rs 39 crore against Rs 34 crore during Q2FY25, change 15%.
• PAT Margin: 8.8% for Q2FY26.

Shubhabrata Saha, Managing Director & CEO, Ajax Engineering, said: “After a steady performance last year, the last couple of quarters have been a period of transition. Unseasonal rains, change in emission norms, and slower project execution affected demand temporarily. However, Ajax delivered 48% YoY revenue growth in Q2 and 18% in H1 and volume growth remains robust across both SLCM and non-SLCM categories. While increased cost of production and changes in revenue mix impacted margins, operating leverage and efficiency measures are expected to aid profitability in the second half of FY26. We remain confident in the long-term growth trajectory and our leadership position in the concrete equipment industry.”

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Q2FY26 Quarterly Result Announced for Mobavenue AI Tech Ltd.

Education company Mobavenue AI Tech announced Q2FY26 results

• Revenue from operations increased 17.1% QoQ to Rs 54.32 crore in Q2FY26 compared to Rs 46.41 crore in Q1FY26.
• EBITDA grew by 26.3% QoQto Rs 11.04 crore in Q2FY26 compared to Rs 8.73 crore in Q1FY26; EBITDA Margin improved to 20.3% in Q2FY26 as against 18.8% in Q1FY26.
• PAT grew by 21.7% QoQ to Rs 7.30 crore in Q2FY26 compared to Rs 6.00 crore in Q1FY26; while PAT margin stood at 13.4% for Q2FY26 as compared to 12.9% in Q1FY26.

Ishank Joshi, Managing Director & CEO, Mobavenue AI Tech, said: “The second quarter of FY26 has been a period of strong operational progress for Mobavenue AI Tech Limited — and more importantly, a quarter that reaffirmed the power of our AI-first vision and outcome-based business model in advertising and marketing.

Over the last few months, we’ve continued to see growing confidence from brands who want performance, not promises. Our AI-powered platforms and optimised media-buying engines have helped clients across India and other developing markets achieve measurable results — better reach, sharper targeting, and stronger ROI. The results are clear: when intelligence meets intent, performance follows.

One of the biggest milestones this quarter was the successful completion and integration of Mobavenue Media as a wholly owned subsidiary. With this, we now operate as a unified AI-powered adtech, marketing, and consumer-growth company — offering clients an end-to-end suite across what we call our A³ Framework — Awareness, Activation, and Acquisition. This integration doesn’t just expand our product ecosystem; it transforms how we deliver value. It strengthens our cross-selling ability, aligns teams under one unified vision, and sets the stage for sustainable, profitable growth in both domestic and international markets.

I’m pleased to share that on a consolidated basis, Mobavenue reported a 17.1% revenue growth, EBITDA grew by 26.3%, and PAT increased by 21.7% on QoQ basis for Q2FY26, alongside a 150-bps expansion in EBITDA margin, reflecting robust topline growth and operational efficiency driven by our expanding client portfolio and scalable AI-led platforms.

Our flagship platform, Mobavenue, was recognised by Aerospike as one of the ‘Champions of Scale ’25’, alongside leading Indian consumer unicorns. This recognition is special because it validates the scalability and robustness of our technology stack, and it positions Mobavenue among a select group of companies driving the future of intelligent, outcome-based advertising.

We are also privileged to have Ben John, who serves as an advisor to Mobavenue promoter group companies, bringing strategic guidance and industry insight as we continue to strengthen our business foundations and long-term growth roadmap.

Another key initiative underway is the creation of our Artificial Intelligence Center of Excellence (AI CoE). This will be the heart of our innovation engine — a central workbench for capability building, product enhancement, and development of next-generation AI-driven solutions in advertising and marketing. The CoE will also focus on embedding agentic frameworks into our platforms, enabling clients to deploy real-world AI use cases that directly impact business growth. In simple terms, we’re not just using AI to analyse data — we’re using AI to create decisions.

Looking ahead, the industry fundamentals remain firmly in our favour. Digital ad spends are growing, smartphone penetration is accelerating, and AI is fast becoming the cornerstone of marketing transformation. Against this backdrop, Mobavenue is exceptionally well positioned to capitalise on these tailwinds — to scale faster, innovate deeper, and deliver stronger outcomes for our clients globally.

As always, our commitment remains unchanged — to innovate with discipline, execute with precision, and create long-term value for our clients, our people, and our shareholders. The road ahead is exciting, and the foundation we’ve built this quarter gives us the conviction to aim even higher.”

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Q2FY26 Quarterly Result Announced for Arihant Foundations & Housing Ltd.

Realty company Arihant Foundations & Housing announced Q2FY26 results

• Revenue: Rs 90.09 crore against Rs 50.79 crore during Q2FY25, change 77.4%.
• EBITDA: Rs 26.25 crore against Rs 18.32 crore during Q2FY25, change 43.3%.
• PBT: Rs 24.88 crore against Rs 14.65 crore during Q2FY25, change 69.8%.
• PAT: Rs 20.05 crore against Rs 10.56 crore during Q2FY25, change 89.9%.

Kamal Lunawath, Managing Director, Arihant Foundations & Housing, said: “We are pleased with our Q2FY26 performance, which reflects strong operational execution and healthy demand trends. Revenue grew 77.4% YoY to Rs 90.09 crore, while PAT increased 89.9% YoY to Rs 20.05 crore. This robust growth & profitability was driven by healthy sales traction across ongoing projects and disciplined approach to execution.”

“We are encouraged by the strong momentum in Q2FY26, which reflects our ability to execute efficiently and respond to evolving market dynamics. Looking ahead, we see sustained demand driven by favourable affordability trends, rising consumer confidence, and preference for quality developments. Our focus remains on operational excellence, strategic capital deployment, and strengthening our brand to capture emerging opportunities. We are committed to creating long-term value for all stakeholders while building a resilient platform for future growth.”

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Q2FY26 Quarterly Result Announced for AMIC Forging Ltd.

Castings & Forgings company AMIC Forging announced Q2FY26 results

• Revenue: Rs 6,658.04 lakh against Rs 6,366.81 lakh during Q2FY25, change 4.57%.
• EBITDA: Rs 1,822.85 lakh against Rs 1,186.68 lakh during Q2FY25, change 53.61%.
• EBITDA Margin: 27.38% for Q2FY26.
• PBT: Rs 1,670.93 lakh against Rs 2,876.72 lakh during Q2FY25, change -41.91%.
• PAT: Rs 1,240.10  lakh against Rs 2,272.32 lakh during Q2FY25, change -45.42%.

Anshul Chamaria, Management, said:  “At AMIC Forging Limited, we have made significant investments in machinery, people, and technical know-how. We have worked diligently to obtain critical industry approvals that enable us to manufacture complex and high-precision engineering products.

There was an unavoidable delay in capex going commercially live due to unprecedented heavy rainfall in West Bengal, which disrupted foundation and civil work. With the capex now nearing completion and the essential approvals in place, AMIC Forging Limited is well-positioned for the next phase of growth.”

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Q2FY26 Quarterly Result Announced for Sanstar Ltd.

Food & Beverages company Sanstar announced Q2FY26 results

• Revenue from Operations: Rs 1,964 million compared to Rs 2,056 million during Q2FY25, change -4.5%.
• EBITDA: Rs 14 million compared to Rs 115 million during Q2FY25, change -88.2%.
• EBITDA Margin: 0.7% for Q2FY26.
• PBT: Rs 9 million compared to Rs 101 million during Q2FY25, change -90.9%.
• PAT: Rs 6 million compared to Rs 75 million during Q2FY25, change -91.6%.
• PAT Margin: 0.3% for Q2FY26.
• EPS: Rs 0.03 for Q2FY26.

Gouthamchand Chowdhary, Chairman and Managing Director said: the second quarter of FY26, Sanstar navigated a dynamic operating environment marked by external pressures and transitionary phase in our capacity expansion journey.

The Company reported a steady improvement in operating performance as operations normalized following the completion of the annual maintenance shutdown in Q1. Revenue from Operations in Q2 was Rs 1,964 million, marking a 15.8% sequential increase over Q1, supported by improved plant utilization and strong demand traction across key customer segments.

During the quarter, the native starch business continued to face pricing headwinds. China’s comn starch exports have recently rebounded after policy changes and Southeast Asia remains a key destination which created oversupply conditions in the markets. However, the sequential improvement in profitability reflects the Company'’s ability to mitigate some of this impact through better capacity utilization, process optimization and an improved product mix.

Revenue from Exports for the quarter was Rs 645 million, compared with Rs 779 million in Q2FY25. The decline was mainly due to weaker realisations in native starch across key Asian markets, where elevated Chinese export volumes kept pricing under pressure.

On the operations front, both our facilities maintained continuous production during the quarter, with no downtime. This stability helped improve throughput as we worked through the residual inventory buffers.

A positive development was the nearing completion of the Dhule expansion project. The ramp-up of native starch capacity is on track for commissioning by December 2025. As these capacity come online, we expect to see improved absorption of fixed costs and step-up in contribution from higher-margin derivative segments.

On the demand side, industries that use starch such as food and beverage, textiles, pharmaceuticals and packaging continued to exhibit steady growth, driven by a resilient base demand environment. The wider Indian starch and starch-derivatives market is projected to grow at over 7% CAGR over the medium term, supported by trends in clean-label formulations, bio-based applications and ethanol-blending policies.

Looking ahead, we expect pricing pressures in native starch to ease gradually as Chinese export flows normalize. Meanwhile, with Dhule’s expanded capacity coming Qline, we anticipate stronger performance in the second half of FY26. We remain focused on disciplined cost control, optimizing product mix and capturing incremental share in higher-value derivative segments.”

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Q2FY26 Quarterly Result Announced for Diffusion Engineers Ltd.

Industrial Goods company Diffusion Engineers announced Q2FY26 results

• Revenue from operations for the financial year was Rs 835.66 million in Q2FY26, as against Rs 824.67 million in Q2FY25, YoY increase of 1.33%, reflecting a year-on-year improvement and a solid base for future expansion. The company continued to demonstrate its resilience and potential for sustained growth.
• EBITDA (excluding Other Income) was at Rs 123.67 million in Q2FY26 as against Rs 126.82 million in Q2FY25.
• EBITDA Margin (Excl. Other Income) for the quarter at 14.80%.
• Profit after Tax stood at Rs 101.65 million in Q2FY26 compared to Rs 85.07 million in Q2FY25, YoY increase of 19.49%.

Prashant Garg, Chairman & Managing Director, Diffusion Engineers, said: “During the Second quarter ended 30th September 2025, we recorded revenue of Rs 835.66 million, EBITDA (excluding other income) of Rs 123.67 million, and PAT of Rs 101.65 million representing an increase of 19.48% over Q2FY24. For the first half of FY26, we achieved Revenue Of Rs 1642.31 million representing a growth of ~7% over H1FY24 and PAT of Rs 224.30 million Representing a growth of ~42% increase on a YoY basis.

We are pleased to share that Diffusion Engineers Limited has received significant orders in the last two quarters, further strengthening our order book and enhancing revenue visibility. Our healthy order book of over Rs 170 crore driven by strong demand for Roll Press Rolls for the cement sector and heavy engineering applications reflects the confidence that customers place in our engineering capabilities, product reliability, and long-standing industry relationships. These developments position us well for sustained growth in the coming quarters.

With new capacities scheduled to come online in FY26E and the completion of our ongoing capex, we are targeting to double our topline in the medium to long term. We also expect EBITDA margin expansion, supported by economies of scale, improved operating leverage, and an enhanced product mix driven by higher-value manufacturing.

Looking ahead, with a robust order book, healthy demand across core sectors, and our ongoing operational initiatives, we are confident of delivering sustainable growth and improved profitability in the coming quarters. I extend my sincere gratitude to every member of the Diffusion family, our valued clients, creditors, bankers, financial institutions, and all other stakeholders. Your trust and support continue to inspire us to strive harder and achieve greater milestones.

Thank you for your continued faith in Diffusion Engineers”

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Q2FY26 Quarterly Result Announced for Western Carriers (India) Ltd.

Warehousing & Logistics company Western Carriers (India) announced Q2FY26 results

• Revenue from operation in Q2FY26 stood at Rs 440 crore and for Q1FY26 at Rs 416.
• EBITDA for Q2FY26 was at Rs 19 crore, with an EBITDA margin of 4.3%.
• For Q1FY26, EBITDA stood at Rs 21 crore, with an EBITDA margin of 5.0%.
• In Q2FY26 PAT stood at Rs 9 crore, with a PAT margin of 2.0%. For Q1FY26, PAT was at Rs 11 crore with margins at 2.6%.

Rajendra Sethia , Chairman & Managing Director, Western Carriers (India), said: “Our company continues to strengthen its position as a trusted multimodal logistics partner, delivering integrated and scalable solutions across India’s evolving supply chain landscape.

Despite a difficult global geopolitical landscape, in Q2FY26 our revenue grew 6 % QoQ to Rs 440 crore, while EBITDA stood at Rs 19 crore and PAT at Rs 9 crore.

Our multimodal network ensured consistent service reliability despite monsoon disruptions and GST adjustments, while the commissioning of our Gati Shakti Multi Modal Cargo Terminal at Devaliya Station near Morbi enhanced our service offerings from this major Gujarat industrial cluster to pan India helping both our corporate as well as MSME customers.

Looking ahead, we are committed to expanding our service offerings, accelerating automation, and delivering scalable, technology-driven logistics solutions that support India’s industrial growth and generate long-term stakeholder value.”

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Q2FY26 Quarterly Result Announced for Everest Kanto Cylinder Ltd.

Industrial Products company Everest Kanto Cylinder announced Q2FY26 results

• Income from operations: Rs 360.4 crore against Rs 367.3 crore during Q2FY25.
• EBITDA: Rs 42.9 crore against Rs 53.1 crore during Q2FY25.
• EBITDA Margin: 11.9% for Q2FY26.
• PBT: Rs 32.2 crore against Rs 44.6 crore during Q2FY25.
• PAT: Rs 13.7 crore against Rs 38.6 crore during Q2FY25.
• PAT Margin: 3.8% for Q2FY26.

Pushkar Khurana, Chairman & Executive Director, & Puneet Khurana, Managing Director, said: “We reported a steady performance in Q2. In our CNG segment, demand in India was temporarily affected by the GST transition within our end-user automotive industry, resulting in a short-term impact on domestic volumes. Activity has since normalised as the industry moved into October, and underlying demand indicators remain supportive. Our Industrials business continued to perform in line with expectations.

In our US operations, quarterly trends reflected the order-driven nature of the business. While dispatches during the quarter were lower, the segment remains healthy on an H1 basis, and the outlook for the region in the second half remains strong, supported by a robust order book. Our operations in the Middle East also showed early signs of improvement during the quarter.

On the expansion front, we are progressing well with our new facilities at Mundra and Egypt. The Egypt plant is preparing to begin trial production shortly, and construction at Mundra continues to advance as planned. Both facilities remain on track and will significantly enhance our manufacturing capabilities in the coming year, enabling us to better serve domestic and international markets.

With growing opportunities across clean energy and industrial applications, coupled with greater visibility in our order pipeline, we remain confident about our future growth prospects. Our efforts remain centred on advancing our capabilities, improving operating efficiency, supporting customers across domestic and international markets, and strengthening our leadership position in India.”

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Q2FY26 Quarterly Result Announced for Khazanchi Jewellers Ltd.

Gems & Jewellery company Khazanchi Jewellers announced Q2FY26 results

• Total Revenue: Rs 548.92 crore against Rs 375.34 crore during Q2FY25, change 46.25%.
• EBITDA: Rs 32.62 crore against Rs 15.33 crore during Q2FY25, change 112.86%.
• EBITDA Margin: 5.94% for Q2FY26.
• PAT: Rs 23,54 crore against Rs 10.73 crore during Q2FY25, change 119.41%.
• PAT Margin: 4.29% for Q2FY26.
• EPS: Rs 9.52 for Q2FY26.

Rajesh Mehta, Chairman & Joint Managing Director, Khazanchi Jewellers, said: “We are extremely happy that this season has been exceptional for our company, marked by robust performance and remarkable growth in Q2 & H1FY26. We are proud of our team’s dedication, as they have consistently innovated and upgraded our designs to meet customers’ tastes while ensuring affordability even amid soaring precious metal prices. The festive season and pre-Diwali demand have added an additional boost across both retail and wholesale segments.

Our brand Vajraa Diamonds by Khazanchi will further strengthen our market position and enhanced our visibility in high-value categories.

With our expanding wholesale & retail network, ongoing design innovation, and customer-centric approach, we remain confident of maintaining profitable growth and creating long-term value for all stakeholders.”

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Q2FY26 Quarterly Result Announced for Gujarat Mineral Development Corporation Ltd.

Coal & Mining company Gujarat Mineral Development Corporation announced Q2FY26 results

• Revenue from Operations stood at Rs 528 crore as against Rs 593 crore in Q2FY25, primarily reflecting lower lignite offtake.
• EBITDA stood at Rs 182 crore versus Rs 203 crore in the corresponding quarter last year, with an EBITDA margin of 29% (vs 31% in Q2FY25), indicating continued operating efficiency in a softer topline environment.
• Other Income increased to Rs 109 crore (vs Rs 62 crore in Q2FY25), aiding overall profitability.
• The Company recorded an Exceptional Income of Rs 474 crore on account of write-back of GST Input Tax Credit, recognised during the quarter.
• As a result, Profit Before Tax (PBT) for the quarter stood at Rs 634 crore, as compared to Rs 183 crore in Q2FY25.

Roopwant Singh, IAS, Managing Director, GMDC, said: “This quarter reflects a stable performance for GMDC. Seasonal monsoon conditions had a limited impact on mining activity, yet operations remained largely consistent. The one-time GST input has strengthened the quarterly financials, but our focus continues to remain on operational discipline and long-term value creation. We are steadily advancing our mining initiatives, improving productivity and supporting Gujarat’s and India’s industrial requirements in a reliable and responsible manner.”

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Q2FY26 Quarterly Result Announced for Ashoka Buildcon Ltd.

Roads & Highways company Ashoka Buildcon announced Q2FY26 results

• Total Income: Rs 1,302.6 crore against Rs 1,458.9 crore during Q2FY25, change -11%.
• EBITDA: Rs 159.8 crore against Rs 160.3 crore during Q2FY25, change 0%.
• PBT: Rs 57.2 crore against Rs 64.8 crore during Q2FY25, change -12%.
• PAT: Rs 139.2 crore against Rs 36.2 crore during Q2FY25, change 284%.
• Consolidated Debt is Rs 4,910 crore.

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Q2FY26 Quarterly Result Announced for Balu Forge Industries Ltd.

Castings & Forgings company Balu Forge Industries announced Q2FY26 results

• Revenue from Operations: Rs 2,995 million against Rs 2,229 million during Q2FY25, change 34.4%.
• EBITDA: Rs 828 million against Rs 652 million during Q2FY25, change 27.0%.
• EBITDA Margin: 27.6% for Q2FY26.
• PAT: Rs 650 million against Rs 480 million during Q2FY25, change 35.5%.
• PAT Margin: 21.5% for Q2FY26.
• EPS: Rs 6.08 for Q2FY26.

Jaspal Singh Chandock, Chairman & Managing Director, BFIL, said: “Revenue from Operations in Q2FY26 was Rs 2,995 million, an increase of 34.4% YoY. EBITDA for the quarter was Rs 828 million, with an EBITDA margin of 27.6%, while PAT was Rs 650 million, reflecting a margin of 21.5%. For H1FY26, Revenue from Operations was Rs 5,327 million, up 33.8% over H1FY25, with EBITDA of Rs 1,551 million and PAT of Rs 1,261 million. This performance reflects steady execution and the continued strengthening of Balu Forge’s integrated manufacturing platform.

The greenfield facility at Hattargi, Karnataka, is advancing as planned and remains central to our ongoing expansion. The plant integrates captive forging and precision machining under one setup, improving efficiency and output. Commissioning of the 25-ton closed-die forging hammer, 8,000-ton mechanical press, and automated machining lines is progressing on schedule. When fully operational, total forging and machining capacities will increase to 150,000 tons and 80,000 tons per year, respectively.

The defence division remains a key focus. The dedicated forging and machining line for Empty Shell production, with a capacity of 360,000 shells per year is in the commercialization phase. The company has vendor approvals from leading Indian defence players and continues to add new products across artillery, armoured vehicle and engine components, strengthening its role in India’s defence manufacturing ecosystem.

We continue to focus on disciplined execution and capacity readiness as we scale operations across forging and machining. The Hattargi facility will strengthen our fully integrated manufacturing base and improve our ability to serve complex, high-value applications. With defence production entering the commercialization stage and capacity expansion on track, Balu Forge is positioned to drive the next phase of growth through scale, technology, and customer diversification.”

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Q2FY26 Quarterly Result Announced for Valor Estate Ltd.

Realty company Valor Estate announced Q2FY26 results

• Revenue: Rs 136.85 crore against Rs 3.48 crore during Q2FY25.
• EBITDA: Rs 45.10 crore against Rs -166.77 crore during Q2FY25.
• PAT: Rs 14.39 crore against Rs -160.31 crore during Q2FY25.
• EPS: Rs 0.19 crore against Rs -2.12crore during Q2FY25.

Vinod Goenka, Chairman & Managing Director said: "As we enter the next phase of growth, our focus remains on disciplined execution, strengthening our balance sheet, and enhancing long-term shareholder value. We are committed to sustainable expansion, supported by our customers, partners, and employees who continue to drive our progress. This quarter marked meaningful strategic progress across our portfolio. We successfully completed the demerger and listing of our Hospitality business, an important milestone that enables each platform to pursue its independent growth path.

In addition, site preparedness for The Prestige Place, Worli has been completed, and construction is expected to commence shortly. We also received casting yard approval from BMC for our Mira Road site, which will support smoother construction mobilisation. Combined with the monetisation of recent non-core assets, these developments reflect our commitment to strategic clarity, operational readiness, and sustainable expansion. With our financial position steadily improving and operational fundamentals intact, we are confident of delivering consistent performance in the years ahead."

Shahid Balwa, Vice Chairman and Managing Director, said: "Our recent actions towards improving balance-sheet strength have yielded meaningful results. The rationalisation of our project portfolio, combined with selective monetisation initiatives, including the divestment of non-core assets, has enabled us to reduce debt levels, bringing us closer to our medium-term objective of a leaner and more efficient capital structure.

The successful demerger of our hospitality business and recognition of revenues from the X BKC project further support our strengthened financial flexibility. Proceeds from ongoing and upcoming project deliveries, across both premium and mid-income developments, are expected to contribute meaningfully to debt reduction over the coming quarter. With strong land bank visibility and a more streamlined operating framework, we are now preparing for the next phase of growth, including evaluating opportunities for sustainable, annuity-oriented assets. Overall, we remain focused on building a resilient, future-ready platform capable of delivering stable cash flows and long-term value creation for all stakeholders."

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Q2FY26 Quarterly Result Announced for Easy Trip Planners Ltd.

Travel Support Services company Easy Trip Planners announced Q2FY26 results

• Hotel nights bookings rose from 2.2 lakh to 4.2 lakh, an increase of 93.3% YoY ~ averaging 4,600 room nights booked daily.
• Bookings in the Train, Buses and Others segment rose by 16.0% YoY from 2.8 lakh to 3.3 lakh.
• Dubai operations recorded Gross Booking Revenue of Rs 361.7 crore as against Rs 172.5 crore in the same period last year, representing a YoY increase of 109.7%.
• Gross Booking Revenue of Rs 1958.7 crore.
• Total Revenue from Operations was Rs 118.3 crore grew by 4.0% QoQ.
• EBITDA was Rs 12.1 crore with margin of 9.6% grew by 76.3% QoQ.
• Total Comprehensive Income was Rs 13.5 crore.

Nishant Pitti, Chairman, Managing Director & Founder, Easy Trip Planners, said: “EaseMyTrip delivered a strong sequential performance in Q2FY26, demonstrating operational resilience and strategic progress across our business verticals. We reported a Gross Booking Revenue of Rs 1958.7 crore, Revenue from Operations of Rs 118.3 crore, EBITDA of Rs 12.1 crore with margin of 9.6%, and Total Comprehensive Income of Rs 13.5 crore. This quarter’s performance reflects the strength of our diversified business model, the success of our non-air strategy, and our continued commitment to expand EaseMyTrip’s global footprint.

Our Dubai operations sustained an upward trajectory, achieving a 109.7% year-on-year increase in GBR, from Rs 172.5 crore to Rs 361.7 crore, highlighting the effectiveness of our international growth initiatives. The Hotel and Packages segment remained a key driver of growth, delivering 93.3% YoY increase in bookings, ~averaging 4,600 room nights booked daily. Additionally, an ~average of 22,400 flight segments were booked daily.

Q2FY26 was also notable for strategic innovation and partnerships. The launch of EaseMyTrip 2.0 marked a milestone in our evolution toward a comprehensive travel ecosystem connecting people, experiences, and destinations. We strengthened our portfolio through key acquisitions and collaborations, enhanced our visibility through marquee events, all while maintaining our focus on delivering exceptional customer satisfaction and sustainable growth.

As I step into the role of Chairman and Managing Director, my priority is to reinforce EaseMyTrip’s longterm vision and strategic direction, create lasting value for our shareholders, and continue driving innovation that shapes the future of travel.”

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Q2FY26 Quarterly Result Announced for Godawari Power & Ispat Ltd.

Iron & Steel Products company Godawari Power & Ispat announced Q2FY26 results

• Net Sales: Rs 1,308 crore against Rs 1,268 crore during Q2FY25, change 3%.
• EBITDA: Rs 260 crore against Rs 247 crore during Q2FY25, change 5%.
• EBITDA Margin: 20% for Q2FY26.
• PBT: Rs 231 crore against Rs 218 crore during Q2FY25, change 6%.
• PAT: Rs 161 crore against Rs 159 crore during Q2FY25, change 1%.
• PAT Margin: 12% for Q2FY26.
• EPS: Rs 2.61 for Q2FY26.

B.L. Agrawal, Chairman & Managing Director, said: “I am pleased to share that H1FY26 has been marked by steady performance and solid operational progress. Revenues remained stable, supported by higher pellet and galvanized product volumes, while EBITDA and PAT margins stood healthy at 22% and 14% despite softer realizations. We also made significant progress on key strategic initiatives, including completing the public hearing for the Ari Dongri mine expansion, approving additional 250MW Solar Power Project, advancing the 0.7 milllion T CRM Complex, and moving forward with the Battery Energy Storage project, by securing the required land for these developments. Coupled with a strong net cash position, on-going capacity expansion, and a firm ESG commitment, we are well-positioned for sustainable value creation— reinforced by efficiency gains, solar-led cost savings, and the strategic advantage of our captive iron ore resources.”

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Q2FY26 Quarterly Result Announced for Narayana Hrudayalaya Ltd.

Healthcare Facilities company Narayana Hrudayalaya announced Q2FY26 results

• Consolidated total operating revenue was Rs 16,438 million for Q2FY26 as compared to Rs 13,667 million in the corresponding period of the previous year, reflecting a change of 20.3 % YoY and 9.1% QoQ.
• Consolidated EBITDA stood at Rs 4,265 million, reflecting a margin of 25.9% as against Rs 3,323 million in Q2FY25, translating into a change of 28.3% YoY and 18.2% QoQ.
• Consolidated PAT stood at Rs 2,583 million, reflecting a margin of 15.7% as compared to Rs 1,993 million in Q2FY25, translating into a change of 29.6% YoY and 31.7% QoQ.
• India operating revenue was Rs 12,347 million for Q2FY26 as compared to Rs 11,351 million in the corresponding period of the previous year, reflecting a change of 8.8% YoY and 9.0% QoQ.
• Cayman operating revenue was Rs 4,316 million for Q2FY26 as compared to Rs 2,423 million in the corresponding period of the previous year, reflecting a change of 78.1% YoY and 8.8% QoQ.

Emmanuel Rupert, Managing Director and Group CEO, Narayana Hrudayalaya, said: “The second quarter of the fiscal year has delivered a strong performance after a steady start to the year. We are pleased to report the highest-ever revenue and profitability at both India and the Group level. The performance improvement in India is attributable to strong growth in domestic footfall and improvements in payor mix, along with positive traction from our Clinics outreach, resulting in the highest ever profitability margins. Our hospital business in Cayman continues to deliver robust performance, with the Insurance business showing strong growth, resulting in record revenues for the region. We are confident that the synergies between the hospital and insurance businesses will deliver steady growth going forward in the Cayman region. The domestic Integrated Care business continues to be on a strong growth path, with our clinics garnering sizeable footfalls across all locations, providing a positive thrust to the overall business. After a steady start, our domestic Insurance business has shown strong momentum this quarter and we expect to build on this further going forward. We will continue to invest in this business and are optimistic that it will be a significant driver of growth to the NH ecosystem. We thank the investor community for their faith in us and remain confident of delivering on expectations for the year.”

Result PDF

Q2FY26 Quarterly Result Announced for Max Healthcare Institute Ltd.

Healthcare Facilities company Max Healthcare Institute announced Q2FY26 results

• Gross Revenue stood at Rs 2,692 crore, a growth of 21% YoY and 5% QoQ.
• Network Operating EBITDA stood at Rs 694 crore, a growth of 23% YoY.
• Operating Margin was 26.9% compared to 26.6% in Q2FY25 and 24.9% in Q1FY26.
• Network PAT was Rs 554 crore, compared to Rs 349 crore in Q2FY25 and Rs 345 crore in Q1FY26, reflecting a growth of 59% YoY. This includes favourable tax impact of ~Rs 149 crore, arising from accounting of merger of two WoS i.e croreosslay Remedies Limited (CRL) and Jaypee Healthcare Limited (JHL). Excluding this one-time impact, PAT stood at Rs 406 crore, 16% YoY.
• Free Cash from Operations was Rs 291 crore in Q2FY26 compared with Rs 464 crore in Q2FY25 and Rs 389 crore in Q1FY26.
• EBITDA per bed was Rs 73.4 lakh compared to Rs 71.2 lakh in Q2FY25 and Rs 68.5 lakh in Q1FY26.
• Bed occupancy for the quarter was at 77%, with Occupied Bed Days (OBDs) up by 19% YoY.
• ARPOB for Q2FY26 stood at Rs 77.3k compared to Rs 76.2k in Q2FY25 and Rs 78.0k in Q1FY26.
• Free treatment provided to 42,522 patients in OPD and 1,547 patients in IPD from the economically weaker sections by the Network Hospitals.
• Pursuant to the binding term sheet executed in July 2025, JHL, a wholly owned subsidiary (WoS) of the Company, has divested its hospitals located in Village Chitta and Anoopshahr, District Bulandshahr effective September 18, 2025.
• Hon’ble NCLT Chandigarh Bench approved Scheme of Amalgamation of JHL and CRL, both wholly owned subsidiaries of the Company, with an appointed date of October 5, 2024.
• The 160 bed brownfield tower, including the additional radiation oncology program, has been commissioned at MSSH Mohali.
• The 268 bed brownfield tower at Nanavati-Max, Mumbai, is to be commissioned next week.

Abhay Soi, Chairman & Managing Director, Max Healthcare Institute, said: “We continued our strong performance this quarter with Revenue and Operating EBITDA growth of 21% and 23%, respectively. Integration of newly acquired Max Super Speciality Hospital, Noida (erstwhile Jaypee Hospital) is nearly complete. Commissioning of brownfield capacities at Max Mohali, Nanavati-Max and Max Smart is underway and operating leverage from the same will start reflecting in the financial and operating metrics soon.

On-streaming of brownfield capacities and strong underlying demand in our micro markets will further bolster our leadership position in the delivery of quality healthcare to our patients”.

Result PDF

Q2FY26 Quarterly Result Announced for Carraro India Ltd.

Commercial Vehicles company Carraro India announced Q2FY26 results

• Total Income: Rs 5,931 million against Rs 4,452 million during Q2FY25, change 33%.
• EBITDA: Rs 593 million against Rs 475 million during Q2FY25, change 25%.
• EBITDA Margin: 10.0% for Q2FY26.
• PAT: Rs 317 million against Rs 220 million during Q2FY25, change 44%.
• PAT Margin: 5.3% for Q2FY26.

Balaji Gopalan, Managing Director, Carraro India, said: Strong Increase in Revenues up by 18%, EBITDA up by 13% & PAT up by 22%. “The first half of FY26 has been both steady and encouraging for Carraro India. Revenue from operations grew 18% year-on-year, supported by healthy volume growth across both domestic and export markets.

Our domestic business grew by 11% YoY, driven by strong demand for 4WD axles in the agriculture segment and a stable performance in the construction equipment segment. Exports delivered an even stronger growth of 31% YoY, led primarily by Tele Boom Handler (“TBH”) axels. While indirect exports of agricultural drivelines remained soft, resilient domestic demand helped maintain our overall volume trajectory.

We continued to deliver strong volumes, reinforcing our confidence in the sustainability of our performance. However, realisations and margins got temporarily impacted due to the change in the product mix.

A noteworthy development during H1 was our engineering services agreement with Montra Electric for the industrialization and supply of e-transmissions for electric-powered agricultural tractors. This partnership marks an important step forward in our technology roadmap and aligns well with our vision of contributing meaningfully to the next generation of clean and efficient powertrains. Revenue from our engineering services business stood at Rs 50 million in Q2, compared to Rs 17 million in the same period last year.

Innovation remained at the heart of our efforts. We developed six prototypes during the half year, three of which have already moved into production. We also dispatched two units of the new T100 EVO prototype to a large Indian tractor OEM and successfully completed the pilot batch of CVT transmission units which is a key step towards commercialisation of this product.

On the manufacturing front, we progressed on our capacity-expansion roadmap. We installed two Sealed Quenched Furnace units at the gear plant. The 800-pallet MAZAK machining centre commissioned in June has boosted throughput and flexibility. Additionally, the arrival of the TLB test bench in July and the installation of a robotic washing machine in September further enhance our readiness to meet future demand.

Further strengthening our after-sales network, we partnered with authorized service centers, one in North India and two in South India – a step towards boosting our presence in aftermarket/ spare parts segment.

Overall, export is growing supported by increased offtake from the TBH business. Domestically, we remain optimistic about sustained demand, driven by ongoing infrastructure projects, higher investment activity, and the supportive market sentiments owing to government policies.”

Result PDF

Q2FY26 Quarterly Result Announced for Oil India Ltd.

Exploration & Production company Oil India announced Q2FY26 results

• The Company sustained its consolidated turnover at Rs 9,175 crore in Q2FY26 vis-a-vis Rs 8,136 crore in Q2FY25.
• OIL achieved a standalone PAT of Rs 1,044 crore in Q2FY26 vis-à-vis Rs 1,834 crore achieved in Q2FY25.
• The Board of Directors of the Company has recommended an Interim Dividend of Rs 3.50/- per fully paid equity share.

Result PDF

Q2FY26 Quarterly Result Announced for Bajel Projects Ltd.

Heavy Electrical Equipment company Bajel Projects announced Q2FY26 results

• Total Revenue from Operations: Rs 614 crore against Rs 662 crore during Q2FY25, change -7%.
• EBITDA: Rs 30 crore against Rs 22 crore during Q2FY25, change 36%.
• EBITDA Margin: 4.8% for Q2FY26.
• PBT: Rs 8 crore against Rs 7 crore during Q2FY25, change 18%.
• PAT: Rs 6 crore against Rs 4 crore during Q2FY25, change 62%.

Rajesh Ganesh, MD & CEO, Bajel Projects, said: “Our operational performance this quarter reflects the dedicated effort on execution and improving efficiency. While we have achieved a meaningful improvement in EBITDA, interest costs continue to remain a concern. Our proactive strategy is to continue the effort on timely execution and manage working capital more efficiently. We are L1 in multiple tenders and are expecting orders in Q3 and Q4. Our core focus remains on execution, bottom line and quality of the order book.”

Result PDF

Q2FY26 Quarterly Result Announced for Utkarsh Small Finance Bank Ltd.

Utkarsh Small Finance Bank announced Q2FY26 results

• Deposits grew by 10.0% YoY to Rs 21,447 crore as on September 30, 2025, led by growth in retail term deposits.
• Bank’s retail term deposits grew by 28.8% YoY to Rs 12,257 crore & CASA deposits grew by 17.4% YoY to Rs 4,482 crore as on September 30, 2025.
• CASA deposits ratio increased to 20.9% as on September 30, 2025 from 19.6% as on September 30, 2024.
• Bank’s CD ratio improved to 78.8% as on September 30, 2025 vs. 93.0% as on September 30, 2024.
• Bank’s loan Portfolio contracted by 2.3% YoY to Rs 18,655 crore as on September 30, 2025.
• Gross NPAs were 12.4% as on September 30, 2025 vs. 11.4% as on June 30, 2025 (3.9% as on September 30, 2024).
• Net NPAs were 5.0% as on September 30, 2025 vs. 5.0% as on June 30, 2025 (0.9% as on September 30, 2024).
• Bank’s pre-provision operating profit was at Rs 88 crore in H1FY26 vs Rs 588 crore in H1FY25.
• During H1FY26, the Bank reported net loss of Rs 588 crore vs. PAT of Rs 189 crore in H1FY25.
• Bank’s pre-provision operating loss was at Rs 3 crore in Q2FY26 vs preprovision operating profit of Rs 276 crore in Q2FY25.
• During Q2FY26, the Bank reported net loss of Rs 348 crore vs. PAT of Rs 51 crore in Q2FY25 (Loss of Rs 239 crore in Q1FY26).

Govind Singh, MD & CEO, Utkarsh Small Finance Bank, said: “Q2FY26 marked a deliberate shift in the Bank’s growth architecture, rather than chasing quantity, we leaned into quality – prioritizing secured lending, recalibrating risk, and tightening execution. This quarter was about building resilience. Secured loans now comprise 47% of our portfolio as of September 30, 2025, up from 38% a year ago. This shift reflects a strategic pivot toward more stable asset classes. Consequently, our non-JLG loan portfolio sustained strong momentum, growing by 30% YoY & 4% QoQ. Healthy business growth driven by yield optimization efforts in secured products i.e. disbursement yields rising in housing & MSME loans by 40–100 bps compared to Q2FY25. On the liabilities side, our deposit base expanded by 10% YoY to Rs 21,447 crore as on September 30, 2025, led by retail term deposits. As the newly launched branches build maturity and traction, we are working towards margin improvement and overall business scalability in the coming quarters. In the unsecured microbanking segment, we’ve adopted a more cautious stance in response to recent stress indicators. Tighter credit norms and underwriting have moderated originations, resulting in contraction of JLG loan book during the quarter, which has impacted short-term interest income but is aligned with our long-term asset quality goals. Additionally, we continue to split larger micro-banking branches to improve oversight and control. We are also working on back-to-basics programs to train new frontline staff on core processes such as centre meetings and customer onboarding, ensuring a more robust and consistent execution framework. The Bank has expanded our collection workforce (to ~1,200 as of Sep-25). The Bank has already embarked on its Utkarsh 2.0 Technology Transformation Project, with several sub-projects already live and yielding benefits. FY26 remains a year of recalibration. We are focused on operational agility, prudent growth, and margin discipline, with an eye toward building momentum into FY27 and FY28. While the operating environment presents challenges, we are positioning the franchise to navigate them with resilience and adaptability.”

Result PDF

Q2FY26 Quarterly Result Announced for HPL Electric & Power Ltd.

Consumer Electronics company HPL Electric & Power announced Q2FY26 results

• Revenue for Q2FY26 grew 3% YoY to Rs 434.45 crore, change 2.87% YoY.
• EBITDA: Rs 65.90 crore against Rs 60.58 crore during Q2FY25, change 8.79%
• EBITDA margin improvement ( 83 bps YoY to 15.17%).
• Profit After Tax (PAT) increased 3.58% in Q2FY26 to Rs 22.36 crore, change 3.58% YoY.
• EPS: Rs 3.46 for Q2FY26.

Gautam Seth, Joint MD & CFO, said: “Our Q2 and H1 FY26 performance underscores the resilience of our model and an unmistakable tilt towards margin-led growth. While revenues were broadly stable, gross and EBITDA margins expanded further, with EBITDA holding above 15 percent and PAT margin around 5 percent. This has been driven by a sharper business mix: the Consumer & Industrial franchise grew 30 percent in Q2 and 23 percent in H1, now accounting for about 47 percent of revenues, with wires & cables and domestic switchgear leading the way and our Lighting portfolio returning to healthy double-digit growth after a softer phase.

Smart metering remains our principal growth engine. We carry an order book of over Rs 3,300 crore, more than 98 percent of which is metering and almost entirely smart meters. The moderation in metering revenues this quarter was largely a function of inspection and dispatch timing rather than demand. Execution has already improved sequentially, and we expect a further step-up between November and March as AMISP-led roll-outs gather pace and our expanded assembly and component capacities are fully utilised.

At the same time, we are steadily strengthening the HPL brand and franchise. In the first half, we invested Rs 7.7 crore in advertising and promotion ( around 2 percent of Consumer & Industrial sales)– across sports partnerships, exhibitions, activations and electrician engagement programmes, and we plan to scale this further in the second half. Our pan-India network of over 900 authorised dealers and 85,000 retailers, underlines the growing depth of our distribution and the strength of our balance sheet. We remain focused on driving profitable growth, improving cash conversion and enhancing the quality and resilience of our earnings.”

Result PDF

Q2FY26 Quarterly Result Announced for Exide Industries Ltd.

Auto Parts & Equipment company Exide Industries announced Q2FY26 results

• Revenue: Rs 4,178 crore against Rs 4,267 crore during Q2FY25.
• EBITDA: Rs 395 crore against Rs 484 crore during Q2FY25.
• PBT: Rs 298 crore against Rs 399 crore during Q2FY25.
• PAT: Rs 221 crore against Rs 298 crore during Q2FY25.
• EPS: Rs 2.60 for Q2FY26.

Avik Roy, MD & CEO, said: 'We had a strong first half of the quarter until mid-August when the GST cut was announced. The growth was muted in the second half, especially in trade business, driven by channel destocking. However, it is a welcome move by the government as it will drive demand in H2FY26. Global trade situation remained uncertain and impacted our exports.

Domestic Macro outlook is favourable with low inflation, low interest rates and higher disposable incomes. We expect the strong growth momentum, especially in Trade and Automotive OEM business, to be back in Q3.

There is continuous pressure from input material costs. In this environment, the company's priority has been on managing profitable growth and focusing on preserving cash. We proactively cut down production in the second half of the quarter in anticipation of the muted demand from channel partners. This helped us to reduce our inventory levels. Investments in our manufacturing technologies have started showing results which will be further realized as volumes grow.

In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We wish to commercialise operations in FY26.'

Result PDF

Q2FY26 Quarterly Result Announced for EMS Ltd.

Waste Management company EMS announced Q2FY26 results

Consolidated Financial Highlights:

• The company reported a decrease of 43.32% in consolidated net profit after tax, to Rs 28.14 crore for the quarter ended September 30, 2025, compared to Rs 49.65 crore in the same period last year.
• Revenue from operations has also decreased by 26.12% to Rs 172.47 crore during the quarter, vis-a-vis Rs 233.47 crore in the same period last year.
• EBITDA has also decreased to Rs 41.55 crore during the quarter under review, down by 41.11 % from Rs 70.56 crore in the same period last year.

Standalone Financial Highlights:

• EMS (formerly EMS lnfracon Private Ltd.) reported a 43.41 % decrease in standalone net profit after tax, amounting to Rs 28.03 crore for the quarter ended September 30, 2025, compared to Rs 49.53 crore in the same period last year.
• Revenue from operations has decreased by 37.50% to Rs 144.41 crore during the quarter, compared to Rs 231.07 crore in the same period last year.
• EBITDA has also decreased by 43.90% to Rs 39.30 crore during the quarter under review, compared to Rs 70.05 crore in the same period last year.

Result PDF

Q2FY26 Quarterly Result Announced for RIR Power Electronics Ltd.

Electronic Components company RIR Power Electronics announced Q2FY26 results

• Revenue from Operations stood at Rs 25.64 crore, as compared to Rs 18.82 crore in Q2FY25.
• EBITDA was Rs 4.36 crore as against Rs 2.46 crore in Q2FY25.
• EBITDA margin of 17.01% compared to 13.09% in Q2FY25.
• Profit After Tax (PAT) was Rs 3.15 crore (Rs 1.53 crore Q2FY25) with a PAT margin of 11.97% (vs 7.96% Q2FY25).

Harshad Mehta, Non-Executive Chairman, RIR Power Electronics, said: “Our Q2FY26 performance reflects operational resilience underscoring our commitment to steady, quality led growth and continue the process of strategic transition. Revenue growth remains strong, supported by strategic investments to scale operations, enhance efficiency, and strengthen customer relationships in key sectors.

“The Rs 618 crore Silicon Carbide semiconductor facility at Bhubaneswar is well on its way and is proving to be very significant in our plan of making India a self-sufficient country when it comes to high-performance power electronics. The facility will not only help RIR Power Electronics to meet the increasing demand in the areas of electronics, renewable energy, railways and defense applications. Operationally, we continue to focus on cost optimization, capacity expansion, increasing capacities and upgrading of technology. There is a positive expectation of gradual increase in the profit margin during the next few quarters as our recent investments are reflected in production and new customer acquisition.”

Result PDF

Q2FY26 Quarterly Result Announced for Kirloskar Industries Ltd.

Industrial Products company Kirloskar Industries announced Q2FY26 results

Consolidated Financial Highlights:

• Total Income at Rs 1,790 crore for Q2FY26 vs Rs 1,706 crore for Q2FY25; 5% increase YoY.
• PAT at Rs 98 crore for Q2FY26 vs Rs 91 crore for Q2FY25; 8% increase YoY.

Standalone Financial Highlights:

• Total Income at Rs 55 crore for Q2FY26 vs Rs 50 crore for Q2FY25; 9% increase YoY.
• PAT at Rs 39 crore for Q2FY26 vs Rs 34 crore for Q2FY25; 15% increase YoY.

George Verghese, Managing Director, KIL, said: “Q2 has been a steady quarter for Kirloskar Industries Limited, with stable performance across our subsidiaries despite commodity volatility. At Kirloskar Ferrous, we saw healthy demand for castings, tubes and steel, even as margins in iron and steel remained under pressure. Revenue grew 4% YoY and net profit rose 9%, reflecting our continued resilience. Avante Spaces is progressing steadily on its 1.6 million sq. ft. commercial project. We also strengthened our leadership team this quarter with key appointments, including the appointment of Mr. Bharathan Gopalakrishnan as the CFO of the company. We remain focused on steady performance and long-term value creation.”

Result PDF

Q2FY26 Quarterly Result Announced for Sun TV Network Ltd.

Broadcasting & Cable TV company Sun TV Network announced Q2FY26 results

• Revenues for the current quarter was up by ~29.86 % at Rs 1,168.99 crore as against Rs 900.16 crore for Q2FY25.
• Total Income for the current quarter was up by ~22.20 % at Rs 1,300.36 crore as against Rs 1,064.14 crore for Q2FY25.
• The Advertisement Revenues for Q2FY26, was at Rs 292.15 crore as against Rs 335.42 crore for Q2FY25.
• EBITDA for Q2FY26 was up by ~41.77 % at Rs 749.94 crore as against Rs 528.98 crore for Q2FY25.
• Profit before taxes (after exceptional items) for Q2FY26 was at Rs 452.24 crore as against Rs 498.40 crore for Q2FY25.
• Profit after taxes for Q2FY26 stood at Rs 329. 79 crore as against Rs 398.17 crore for Q2FY25.
• Board of Directors have declared an Interim Dividend of Rs 3.75 per share (75%) on a face value of Rs 5.00 per share.

Result PDF

Q2FY26 Quarterly Result Announced for Trident Ltd.

Textiles company Trident announced Q2FY26 results

• Consolidated Revenue for the quarter stood at Rs 1,803 crore.
• Consolidated EBIDTA for the quarter stood at Rs 232 crore at 12.85%, as against EBITDA margin of 13.78 % YoY and 18.06% QoQ.
• Consolidated Net Profit for the quarter stood at Rs 91 crore at 5.04%, as against Net Profit of 4.83% YoY and 8.10% QoQ.
• Net Debt stands at Rs 847 crore on Sep 30, 2025 as compared to Rs 879 crore as on June 30, 2025, a reduction of 32 crore.
• Free Cash Flow stands at Rs 281 crore for Q2FY26.

Deepak Nanda, Managing Director, Trident, said, “As we reflect on Trident Limited’s Q2FY26 results, it's evident that amidst challenging macroeconomic conditions, our company has showcased quarter-on-quarter revenue growth. We have further strengthened our balance sheet by reducing net debt by Rs 32 crore and maintaining a healthy Debt Equity Ratio at 0.18. Furthermore, the Current Ratio is at 1.61 from 1.87 on quarter-on-quarter (Q-o-Q) basis.

Our focus on innovative product pipelines aligned with evolving consumer preferences, combined with new FTA between India & UK, positions us well to capitalize on emerging opportunities while remaining committed to sustainable growth and operational excellence.

Going forward, we shall continue focusing on improving our volumes, value added products and strengthening our domestic market. With this foundation, Trident Limited stands poised to continue its journey of sustainable growth and innovation in the ensuing period”.

Result PDF

Q4FY25 Quarterly Result Announced for Siemens Ltd.

Heavy Electrical Equipment company Siemens announced Q4FY25 results

• New Orders rose 10% at Rs 4,800 crore against Rs 4,345 crore during Q4FY24.
• Revenue rose 16% at Rs 5,171 crore against Rs 4,457 crore during Q4FY24.
• Order Backlog grew 6% at Rs 42,253 crore.
• PAT: Rs 485 crore against Rs 523 crore in Q4FY24, change -7.1%.
• EPS: Rs 13.63 for Q4FY25.

Sunil Mathur, Managing Director & Chief Executive Officer, Siemens, said: “Siemens Limited delivered a robust performance this quarter, with a 16% surge in Revenue, driven by strong performance in our Mobility and Smart Infrastructure businesses while Digital Industries volumes were impacted due to a lower reach in the order backlog from the previous year and muted private sector Capex. The Profit was impacted by one-time gain of Rs 69 crore from the sale of property in Q4FY24. While Government spending in Capex in Infrastructure continues, with recent measures to boost consumption through easing of Income Tax rates and GST reforms, we have seen an uptick in consumption during the festive period. We remain cautiously optimistic that this trend will continue in future quarters ultimately leading to a pickup in private sector Capex.”

Result PDF

Q2FY26 Quarterly Result Announced for Tata Motors Passenger Vehicles Ltd.

Cars & Utility Vehicles company Tata Motors Passenger Vehicles announced Q2FY26 results

Financial Highlights:

• TMPVL delivered revenues of Rs 72.3K crore (down 13.5%) and EBIT of -Rs 4.9K crore (down Rs 8.8K crore).
• PBT (bei) for Q2FY26 stood at -Rs 5.5K crore.
• Net Profit was Rs 76.2K crore.

JLR Business Highlights:

• Q2FY26 Revenue at GBP 4.9 billion (-24.-3%), EBITDA -1.6% (-1330 bps), EBIT -8.6% (-1370 bps), PBT (bei) GBP (485) million.
• H1FY26 Revenue at GBP 11.5 billion (-16.3%), EBITDA 4.7% (-920 bps), EBIT -1.4% (-850 bps), PBT (bei) GBP (134) million.
• EBIT guidance is revised to 0% to 2% for FY26.
• Cash balance was GBP 3.0 billion and net debt GBP 1.8 billion, with gross debt of GBP 4.7 billion.
• Total liquidity as at September 30, 2025 was GBP 6.6 billion, including undrawn RCF of GBP 1.7 billion and the new GBP 2.0 billion bridge facility, signed on September 22, 2025. Additionally, in October a GBP 1.5 billion UKEF guaranteed commercial loan was secured, providing further support to the balance sheet.
• To support liquidity in its supply chain, JLR fast tracked a new GBP 500 million financing solution to allow qualifying suppliers to receive cash at the point of production scheduling.
• Operations recovered at pace following cyber incident, with production now returned to normal levels.
• Transformation programme launched in June starting to drive planned cost savings

Tata Passenger Vehicles Business Highlights:

• Q2FY26 revenue at Rs 13.5K crore ( 15.6%), EBITDA 5.8% (-40 bps), EBIT 0.2% ( 10bps), PBT (bei) Rs 0.2K crore.
• H1 FY26 revenue at Rs 24.4K crore ( 3.6%), EBITDA 5.0% (-100 bps), EBIT -1.1% (-130 bps), PBT (bei) Rs 0.0K crore.
• Vahan registration market share at 12.8% in Q2FY26. EV Vahan market share at 41.4%.
• Secured #2 rank in Vahan Market Share across both Sep 2025 & Oct 2025 driving sharp reduction in stocks.
• Alternative powertrains continue to grow. EV penetration at 17%, CNG at 28% in Q2FY26.
• Punch becomes India’s fastest SUV to cross 6 Lakh milestone in under 4 years.
• Leveraging festive momentum, we retailed over 1 lakh vehicle deliveries between Navratri and Diwali ( 33% YoY).
  • Nexon was #1 model in industry in both Sep & Oct, with strong volumes across powertrains.
  • Strong demand for Punch with 40k units across Sep & Oct.
  • Highest-ever Harrier & Safari volumes on the back of newly launched Adventure X variants & strong response to Harrier.ev.
• India’s Safest Hatchback: All-new Altroz achieved 5-Star Bharat NCAP Rating Across Petrol, Diesel & CNG Powertrains.
• Re-entered South Africa market with Bold, Future-Ready Range of Passenger Vehicles.

PB Balaji, Group Chief Financial Officer, Tata Motors said: “It has been a difficult period for the business. However, we are committed to emerging from the cyber incident even stronger. With the demerger completed, both JLR and domestic PV businesses are well poised to leverage the significant opportunities provided by this exciting industry. Demand situation remains challenging globally but domestically there are signs of resurgence. In this context, our strategy is clear, plans robust and we will continue to execute them with speed and rigour to win”

Adrian Mardell, JLR Chief Executive Officer, said: “JLR’s performance in the second quarter of FY26 was impacted by significant challenges, including a cyber incident that stopped our vehicle production in September and the impact of US tariffs. JLR has made strong progress in recovering its operations safely and at pace following the cyber incident. In our response we prioritised client, retailer and supplier systems and I am pleased to confirm that production of all our luxury brands has resumed.

“The speed of recovery is testament to the resilience and hard work of our colleagues. I am extremely grateful to all our people who have shown enormous commitment during this difficult time, and I want to thank our clients, retailers, suppliers and everyone in the communities connected with JLR, for their support through this disruption.

“JLR is a great business with strong global brands, a talented workforce and a loyal customer base. We are now set to deliver the outcome of an extraordinary period of British design and engineering, with the arrival of the Range Rover Electric and the new electric Jaguar - cars which will be unrivalled in their performance, design and capability. While we are mindful of the economic, geopolitical and policy challenges that our industry faces, we are resilient and well placed to make strong progress.

“As I approach the end of my 35-year career at JLR, I am immensely proud of what we have achieved together. Leading JLR as CEO over the past three years has been the greatest honour of my career and I am confident that the next chapter will bring continued success for this great business under the leadership of PB Balaji.”

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, said: “Q2FY26 was a landmark quarter for Tata Motors Passenger Vehicles, marked by double-digit year-on-year growth in wholesale volumes and registrations, alongside several record-breaking milestones. Our growth was powered by our multi-powertrain portfolio, with CNG & EV volumes accounting for 45% of our volumes in Q2. EV sales surged by nearly 60% YoY with nearly 25 thousand units sold in Q2, reaffirming our leadership in sustainable mobility. Leveraging a reinvigorated demand environment, our agile approach, strong portfolio and impactful marketing helped us drive this growth trajectory. September was particularly noteworthy, with record overall sales of 60k units and several other milestones. This strong market performance translated into improving revenues and QoQ improvement in profitability. With a robust booking pipeline and rising consumer confidence, we are poised to sustain this momentum in H2 FY26, guided by our unwavering commitment to innovation and several new launches ahead.”

Result PDF

Q2FY26 Quarterly Result Announced for MRF Ltd.

Auto Tyres & Rubber Products company MRF announced Q2FY26 results

• Consolidated total income increased by 7% to Rs 7,487 crore for Q2FY26 as compared to Rs 6,994 crore for the Q2FY25.
• The consolidated profit before tax stood at Rs 699 crore for Q2FY26 as compared to Rs 631 crore for the Q2FY25.
• The consolidated net profit for Q2FY26 is Rs 526 crore as compared to Rs.471 crore for Q2FY25.
• The Board of Directors have declared an Interim dividend of Rs 3/- (30%) per share of Rs 10 each for FY26.

Result PDF

Q2FY26 Quarterly Result Announced for S P Apparels Ltd.

Apparels & Accessories company S P Apparels announced Q2FY26 results

Consolidated Financial Highlights:

• Total Revenue for Q2FY26 is Rs 4,341 4 million as against Rs 3,936.8 million in Q2FY25; growth of 103% YoY;
• EBITDA for the Quarter is Rs 704.5 million as against Rs 520.7 million in Q2FY25, growth of 35.3% YoY,
• Profit after Tax for Q2FY26 is Rs 347.0 million as against Rs 219.2 million in Q2FY25; a growth of 58.3% YoY;
• Eamings per share for the quarter Rs 13.8 as against Rs 8.7 in Q2FY25

Sandalone Financial Highlights:

• Adj. Total Revenue for the Quarter is Rs 3,048.7 million as against Rs 2,575.1 million in Q2FY25; a growth of 18.4% YoY;
• Adj. EBITDA for the Quarter is Rs 543.5 million as against Rs 439.9 million in Q2FY25; a growth of 23.6% YoY;
• Profit after Tax for the quarter is Rs 273.0 million as against Rs 180.3 million in Q2FY25; a growth of 51.4% YoY,
• Eamings per share for the quarter is Rs 10.9 as against Rs 7.2 in Q2FY25

Result PDF

Q2FY26 Quarterly Result Announced for TCPL Packaging Ltd.

Containers & Packaging company TCPL Packaging announced Q2FY26 results

• Total Revenues: Rs 460.5 crore against Rs 462.6 crore during Q2FY25, change 0%.
• EBITDA: Rs 69.4 crore against Rs 76.9 crore during Q2FY25, change -10%.
• EBITDA Margin: 15.1% for Q2FY26.
• PBT: Rs 37.2 crore against Rs 44.6 crore during Q2FY25, change -17%.
• PAT: Rs 28.7 crore against Rs 35.5 crore during Q2FY25, change -19%.
• EPS: Rs 31.6 for Q2FY26.

Saket Kanoria, Managing Director, TCPL Packaging, said: “We reported steady topline performance amid a subdued demand environment. Consolidated revenue for Q2FY26 stood at Rs 461 crore, supported by our diversified portfolio and customer base. EBITDA margins were broadly stable on a similar revenue base, with the decline in PBT and PAT reflecting higher depreciation and interest costs.

The revision in GST slabs during the quarter resulted in short-term recalibration across parts of the trade channel, adding to the subdued demand environment. This transition has largely normalised, and we expect GST rationalisation to support improvement in the underlying demand.

Our newly commissioned Chennai Greenfield plant continues to ramp up well, supported by encouraging customer traction. The facility strengthens our presence in Southern India and enhances our capabilities in sustainable paperboard packaging. It remains on track to achieve optimal utilisation over the next few quarters.

We remain focused on driving operational excellence, expanding our product mix, and pursuing growth through diversification. With a strong financial position and disciplined investments, we are confident that our strategic priorities and prudent capital allocation will support steady progress and long-term value creation.”

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Q2FY26 Quarterly Result Announced for Prakash Industries Ltd.

Iron & Steel Products company Prakash Industries announced Q2FY26 results

• During the quarter, the company has achieved Net Sales of Rs 723 crore and Operating Profit of Rs 108 crore.
• Profit after Tax for the quarter is Rs 62 crore against Rs 90 crore during Q2FY25.
• Further, during the quarter, the Company extracted ~1.97 lakh MT of coal from its Bhaskarpara Commercial Coal Mine out of which 0.03 lakh MT of coal was sold and the balance quantity was captively used in steel making at its integrated steel plant at Champa. Due to prolonged monsoons, the Company had lower coal extraction during the quarter. However, the Company is hopeful of achieving the coal extraction target of > 1 million tonnes in the current financial year.

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Q2FY26 Quarterly Result Announced for Natco Pharma Ltd.

Pharmaceuticals company Natco Pharma announced Q2FY26 results

• Consolidated total revenue of Rs 1,463.0 crore for Q2FY26 as against Rs 1,434.9 crore as of 30th September 2024.
• EBITDA (including other income) for the quarter was at Rs 679.2 crore with margins at 46.4%.
• The net profit for the period, on a consolidated basis was Rs 517.9 crore.
• The Board of Directors have declared an interim dividend of Rs 1.5 per equity share of Rs 2 each during Q2FY26.

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Q2FY26 Quarterly Result Announced for Ventive Hospitality Ltd.

Hotels company Ventive Hospitality announced Q2FY26 results

• Consolidated Revenue of Rs 554 crore , a growth of 28% YoY.
• Consolidated EBITDA was at Rs 255 crore, a growth of 50% YoY.
• Consolidated EBITDA margin was at 46%, an expansion of 7 percentage points.

Ranjit Batra, Chief Executive Officer, said: “Our second quarter performance marks four consecutive quarters of strong sustained growth since listing with record EBITDA growth of 50% in this quarter. Our diversified, luxury-focused portfolio, disciplined execution and strategic asset expansion position us well for continued revenue and margin growth in the coming quarters.

We remain committed to our strategic objective of doubling our key count over the next five years, supported by targeted acquisitions and organic expansion. Our latest acquisition of the Hilton Goa Resort and proposed investment in Soho House India further augment our pipeline of 1,582 keys, and underscore our strategy to tap into new, vibrant market segments to power our long- term growth.”

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Q2FY26 Quarterly Result Announced for Uflex Ltd.

Containers & Packaging company Uflex announced Q2FY26 results

• Sales volume: 161,161 MT for Q2FY26 (-5.5% QoQ, -3.7% YoY).
• Revenue: Rs 38,610 million for Q2FY26 (-1.6% QoQ, flat YoY).
• EBITDA: Rs 3,895 million for Q2FY26 (-17.1% QoQ, -12.4%YoY) 10.1% Margin (-190 bps QoQ, -140 bps YoY).
• PAT: Rs 269 million  0.7% Margin for Q2FY26 .

Ashok Chaturvedi, Chairman & Managing Director, UFlex, said: “Q2FY26 was marked by tariff disruptions, GST transition, and a prolonged monsoon, which had an impact on operations. However, on a positive note, the tariff issues are likely to be settled soon, and GST rationalization will significantly boost consumption, which is positive for the industry, and will be a strong growth catalyst going forward. With the headwinds behind us, we strongly believe that the business is set for strong growth, and our ongoing capacity expansion programs will set the tone for positive momentum.

During the period, we commissioned brownfield capacity expansion at our aseptic packaging plant in Sanand, increasing capacity from 7 billion to 12 billion packs per annum. This enhances our ability to meet the growing demand for aseptic packaging solutions in both domestic and international markets.

The EPR rollout in India will accelerate the demand for more sustainable packaging solutions and presents an opportunity for us to collaborate more closely with FMCG brand owners to deliver innovative, high-quality, and ecofriendly packaging that reaches millions of households across India.

Our strategic capex investments are nearing completion. A 12 billion pack per annum greenfield aseptic packaging plant in Egypt, an 80 million unit per annum WPP bags facility in Mexico, and close to 40,000 MTPA PET and flexible waste recycling plant in Noida are on track”

Rajesh Bhatia, Group president & CFO, UFlex, said: "UFlex delivered robust earnings and steady revenue in H1FY26, successfully navigating the transitional GST environment and tariff overhang. Total revenue grew 3.2% YoY, with EBITDA up 4.1%. Net profit in H1FY26 turned positive at Rs 849 million. This performance underscores our operational excellence and focus, while our mid- to long-term fundamentals remain strong.

India’s Extended Producer Responsibility (EPR) framework is expected to spur healthy demand for recycled packaging materials across the food packaging value chain going forward. UFlex is well ahead of this regulatory curve with its fully integrated recycling ecosystem—producing rPET chips, PCR PET ‘Asclepius’ films, and single-pellet PET chips blending virgin and recycled PET in a 70±:30± ratio. Our portfolio of end-to-end recycled SKUs, including rTubes, rPouches, and rAseptic carton packs, underscores our commitment to sustainable innovation and strengthens our position as a trusted partner helping customers meet evolving regulatory and environmental standards.

Looking ahead, easing inflation, structural tailwinds from GST rationalization, lower interest rates supported by the RBI’s liquidity measures, income tax relief announced in the Union Budget, increased government spending, and a progressively easing trade policy environment are expected to strengthen consumption momentum. UFlex is strategically positioned to leverage these macro tailwinds and drive sustainable, long-term organic growth across global markets. Additionally, ongoing capacity rollouts, including the 12 billion-pack Asepto facility in Egypt, the 80 million WPP line in Mexico, and the 39,900 MTPA recycling facility in Noida, will serve as catalysts for incremental growth.”

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Q2FY26 Quarterly Result Announced for JNK India Ltd.

Industrial Products company JNK India announced Q2FY26 results

• Q2FY26 Total Revenue Rs 1,842.1 million; an increase of 71.6% YoY.
• Q2FY26 EBITDA Rs 223.4 million; with a margin of 12.1%.
• Q2FY26 PAT Rs 130.2 million; with a margin of 7.1%.

Arvind Kamath, Chairperson & Whole Time Director said: “During Q2FY26, JNK India recorded total revenue of Rs 1,842.1 million, reflecting a year-on-year growth of 71.6%. Operating profit for the quarter was Rs 454.0 million, marking a 34.6% increase YoY, resulting in an operating margin of 24.6%. EBITDA amounted to Rs 223.4 million, with an EBITDA margin of 12.1%, showing a 44.7% YoY growth. Profit After Tax (PAT) reached Rs 130.2 million, reflecting a 68.1% increase YoY, with a PAT margin of 7.1%. For H1FY26, JNK India reported total revenue of Rs 2,871.8 million, with an operating profit of Rs 696.3 million and an operating margin of 24.2%. EBITDA was Rs 295.1 million, with an EBITDA margin of 10.3%. Profit After Tax was Rs 141.5 million, reflecting a 4.9% PAT margin.

During the quarter, JNK India secured a significant order from JNK Global Co., Ltd. for providing design and engineering support for a cracker furnace package at a refinery project in India. This order contributed to the company’s total order book of Rs 18,499 million as of September 30, 2025, reflecting continued strong demand. The order book composition includes approximately 91.7% from heating solutions, 5.5% from process plants, and 2.8% from flares, incinerators, and other renewables. Indian projects account for 96.1% of the total order book, underscoring JNK India’s strong presence in the Indian market.

In addition to securing key contracts, JNK India continued to execute its long-term growth strategy with the formation of JNK Chemdist Technologies Private Limited, a joint venture focused on green hydrogen and sustainable chemical/fuel technologies. This partnership will enable JNK India to expand its presence in the clean energy sector, positioning the company to capitalize on emerging opportunities in sustainable energy. Through this venture, JNK India aims to enhance its capabilities in renewable energy solutions, further diversifying its portfolio and contributing to its broader strategy of long-term growth and market leadership in the green energy space.

Looking ahead, JNK India remains focused on executing its strong order book, with an emphasis on optimizing project delivery and enhancing operational efficiencies. The company is well-positioned to leverage its strategic initiatives, particularly the joint venture with JNK Chemdist Technologies, to capture growth opportunities in the rapidly expanding green hydrogen and clean energy sectors. With a strong pipeline of projects, including key contracts in the refinery and petrochemical sectors, JNK India is set to drive sustained growth. The company will continue to focus on strengthening its market presence, expanding its capabilities, and delivering value through innovation and operational excellence, ensuring long-term growth and success.”

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Q2FY26 Quarterly Result Announced for Ramky Infrastructure Ltd.

Construction & Engineering company Ramky Infrastructure announced Q2FY26 results

• Revenue from operations stands at Rs 4,716 million for Q2FY26, as against Rs 3,792 million for Q1FY26 and Rs 5,274 million for Q2FY25.
• Consolidated EBITDA stands at Rs 1,399 million for the Q2FY26, as against Rs 1,370 million reported in the previous Q1FY26 and Rs 1,643 million reported for the Q2FY25.
• Profit before Tax (PBT) stands at Rs 1076 million for September 30, 2025, as against Rs 1,008 million for Q1FY26 and Rs 1,218 million for Q2FY25.
• Consolidated Profit after Tax (PAT) stands at Rs 756 million for the Q2FY26, as against Rs 770 million reported in the previous Q1FY26 and Rs 830 million for Q2FY25.

Sunil Nair, CEO, Ramky Infrastructure, said: “Our Q2 results reflect the successful realization of the strategic goals we set earlier this year and the enhanced stability we have achieved since the restructuring exit. This performance confirms that our company is well-positioned for sustainable growth, consistent performance, value creation, and long-term stakeholder confidence. The foundation is now strong, and we are ideally positioned to capture the significant opportunities emerging in the Industrial Infrastructure, Water, and Urban Solutions areas, thereby delivering enhanced value to our shareholders. Looking ahead, we remain focused on disciplined bidding for government-backed projects, capital recycling, and sustainability-led growth. We are now fully focused on leveraging our sector expertise to capitalize on new opportunities while making a substantial contribution to India’s infrastructure development.”

CA. Sravanth Rayapudi, CFO, Ramky Infrastructure, said: “The Company reported steady revenue growth driven by progress in key EPC and HAM projects, with healthy EBITDA supported by cost control and efficiency gains. With a nil debt position, our balance sheet remains robust and well-balanced. The strong cash flow generation from EPC operations continues to be a key strength, enabling financial flexibility and supporting future growth plans. During the quarter, we secured new orders worth Rs 2,085 crore from HMWSSB under the HAM model, taking our order book to over Rs 9,000 crore. Execution across ongoing projects remained strong, with continued emphasis on timely delivery and quality.”

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Q2FY26 Quarterly Result Announced for Genesys International Corporation Ltd.

IT Consulting & Software company Genesys International Corporation announced Q2FY26 results

• Consolidated Revenue for Q2FY26 stood at Rs 80.79 crore up 10.64% from Rs 73.02 crore on YoY basis.
• Consolidated EBITDA increased by Rs 3.47 crs from Rs 30.38 crs in the same quarter previous year constituting 11.38% growth on a YoY basis.
• Consolidated PAT increased by Rs 0.77 crore from Rs 11.23 crore constituting 6.86% on YoY basis.

Sajid Malik, Chairman & Managing Director, said: We are pleased to report a strong performance this quarter, reflecting the success of our strategic initiatives and continued operational discipline. Our focus remains on strengthening cash flow from operations through efficient working capital management and improved project execution. Continued investments in R&D and the New India Map Stack are driving innovation, scalability, and deeper market adoption.

Notably, our 3D ADAS-driven navigation map platform is gaining strong validation from industry partners and is expected to showcase immense potential in the coming quarters, positioning Genesys at the forefront of India’s digital mapping and mobility transformation while driving sustainable, long-term growth.”

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Q2FY26 Quarterly Result Announced for Marksans Pharma Ltd.

Pharmaceuticals company Marksans Pharma announced Q2FY26 results

Q2FY26 Financial Highlights:

• Operating revenue stood at Rs 720.4 crore, up by 12.2% YoY, attributed to strong traction in the US market, supported by new product launches across the digestive and pain management segments.
• Gross profit stood at Rs 411.8 crore, up by 7.4% YoY, with gross margin of 57.2%.
• EBITDA stood at Rs 144.5 crore., with a margin of 20.1%.
• EPS was at Rs 2.2.

Other Highlights:

• Cash generated from operations at Rs 75.2 crore during H1FY26.
• Capex of Rs 73.2 crore incurred during H1FY26.
• Working capital cycle ~150 days for Q2FY26.
• Cash balance of Rs 666.5 crore as on 30th September 2025.
• Research & development (R&D) spends at Rs 26.2 crore in H1FY26, 2.0% of consolidated revenue

Mark Saldanha, Managing Director, said: “Q2FY26 has been a strong quarter for us, with revenues growing 16% sequentially, driven by robust demand across our key markets. The US region recorded solid growth, demonstrating resilience amid macro challenges, supported by stabilizing tariff conditions, timely order book execution, and meaningful traction from new product launches. The UK market also witnessed improved demand and delivered stable results despite continued pricing pressures.

Our EBITDA and PAT grew 44% and 70% QoQ, reflecting the benefits of operating leverage.

Looking ahead, we remain optimistic about sustaining this momentum into the second half of the year. Our strategic focus and operational discipline position us well to deliver resilient growth and long-term value for our stakeholders.”

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Q2FY26 Quarterly Result Announced for Man Industries (India) Ltd.

Industrial Machinery company Man Industries (India) announced Q2FY26 results

• Total Income stood at Rs 815 crore for Q2FY26 compared to Rs 817 crore for Q2FY25
• EBITDA grew by ~37% year-on-year to Rs 102 crore in Q2 FY26, with margins expanding 340 bps to 12.5%.
• PAT Stood at Rs 37 crore for Q2FY26 compared to Rs 32 crore for Q2FY25

Nikhil Mansukhani, Managing Director, MAN Industries (India) commented, “We are delighted to report our highest-ever quarterly EBITDA margin, reflecting the strength of our strategy, execution excellence, and focus on operational efficiency. The improvement in profitability and margins reflects the resilience and scalability of our business model.

With a record order book, capacity expansions progressing in Saudi Arabia and Jammu, and a growing international footprint, we are well-positioned for the next phase of growth. Our continued emphasis on value-added products, disciplined capital allocation, and customer diversification will drive sustainable performance and further strengthen our leadership in the global line pipe industry.”

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Q2FY26 Quarterly Result Announced for Oswal Pumps Ltd.

Compressors & Pumps company Oswal Pumps announced Q2FY26 results

• Total income of Rs 5,465 million in Q2FY26, registering a growth of 75.8% YoY.
• EBITDA of Rs 1,348 million in Q2FY26, growing 32.6% YoY. EBITDA Margin was at 24.7%.
• PAT of Rs 975 million in Q2FY26, up 48.3% YoY and PAT Margin was at 17.8%.
• Diluted EPS stood at Rs 8.43 in Q2FY26 as against Rs 6.57 in Q2FY25.

Vivek Gupta, Chairman & Managing Director, Oswal Pumps, said: “We are pleased to report Total Income of Rs 5,465 million, reflecting a 75.8% YoY increase and 6.1% QoQ growth. This sustained momentum was primarily driven by the continued execution of our PM Kusum and Magel Tyala orders.

Our EBITDA margin for the quarter stood at 24.7% while our operating EBITDA margin stood at 23.7%, reflecting a QoQ decline of 368 bps. The primary reason was reduction in PM Kusum and Magel Tyala tender rates, which fell by an average of 7.5%, impacting over 80% of our core revenue. In addition, certain one-time factors contributed to margin pressure, including approximately Rs 400 million of module sales at significantly lower margins compared to complete pumping systems, and a one-time expense of Rs 25 million related to increasing the authorised capital of our subsidiary. These factors together caused an estimated 180 bps decline in operating EBITDA margins, which we expect to recover in Q3FY26.

Overall, these elements resulted in an Operating EBITDA margin compression of over 6.5%. However, through proactive value engineering initiatives and operational efficiencies, we were able to mitigate the impact by 285 bps. These actions reinforce our ability to navigate pricing pressures and protect profitability, while positioning the business for a stronger margin profile going forward.

While the rate revision continues to put pressure on margins, we are progressing towards the completion of several key backward integration and value engineering projects, which will positively impact our operating profitability by another 1% by Q4FY26.

Profit After Tax (PAT) for Q2FY26 was Rs 975 million, marking a 48.3% YoY and 3.0% QoQ increase, with a healthy PAT margin of 17.8%.

Looking ahead, we have a strong order book exceeding 18,800 pumps consisting of direct PM Kusum, indirect PM Kusum and export orders and a pipeline of over 30,000 pumps across major states including Maharashtra, Haryana, Karnataka and Madhya Pradesh. These orders, along with the robust pipeline position us well to achieve our FY26 targets. Additionally, we anticipate the launch of PM Kusum 2.0 before the end of this fiscal. Given our integrated business model and strong execution capabilities, we are well placed to leverage the opportunities that will arise from this upcoming program.

Separately, we propose shifting the Solar Module Expansion Project to a land parcel adjacent to our existing plant, as it offers a larger area, superior logistics, better manpower utilization, and the ability to leverage existing R&D and administrative infrastructure. This change is expected to improve operational efficiencies and costs, provide stronger long-term value, while all other elements of the object clause remain unchanged. Overall this will be value accretive to all the stakeholders and for which we will seek shareholders approval.”

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Q2FY26 Quarterly Result Announced for Finkurve Financial Services Ltd.

Finance company Finkurve Financial Services announced Q2FY26 results

• Total income grew 49.82% YoY from Rs 32.13 crore in Q2FY25 to Rs 48.14 crore in Q2FY26.
• Net interest income increases 72.76% YoY from Rs 14.86 crore in Q2FY25 to Rs 25.67 crore in Q2FY26.
• Net Interest Margin (NIM) stood at 16.93%.
• Gross NPA is reported at 1.13% and Net NPA is reported at 0.89%.
• Capital adequacy ratio remained healthy at 47.14%.
• Liquidity position remained strong with Rs 38.62crore of cash and cash equivalents, amounting to 5.21% of the total assets.
• Asset under Management (AUM) grew by 97 % YoY from Rs 341.23 crore to Rs 671.35 crore (Including off Book AUM of Rs 10.4 crore).
• Disbursement stood at Rs 794.98 crore during the quarter.
• Branch network incroreeased from 72 to 92 branches.

Priyank Kothari, Executive Director, said: “We are pleased to report another quarter of strong performance, reflecting the successful execution of our strategy and the resilience of our phygital business model. Our Assets under Management have nearly doubled YoY, supported by healthy disbursements, new lender additions, and consistent traction across our branch network. The 97% YoY growth in AUM and 71% increase in PAT underline the strength of our franchise and the growing customer confidence in our gold loan offering.

Our focus on technology-led underwriting, data analytics and efficient operating processes has enabled us to maintain robust margins and healthy asset quality. With a Capital Adequacy Ratio of over 47% and comfortable liquidity levels, we remain well-positioned to fund our next phase of growth.

I am also delighted to share that the Board has approved the appointment of a new Chief Executive Officer, marking an important step in our journey. The incoming leadership brings deep experience in financial services and will play a key role in accelerating our expansion, strengthening digital integration, and enhancing governance as we scale”.

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Q2FY26 Quarterly Result Announced for Expleo Solutions Ltd.

IT Consulting & Software company Expleo Solutions announced Q2FY26 results

• The operating revenue was Rs 2,827 million in Q2FY26 as compared to Rs 2,593 million in Q2FY25, reflecting a growth of 9.0%.
• Total income was Rs 2,954 million in Q2FY26 as compared to Rs 2,719 million in Q2FY25, reflecting a growth of 8.6%.
• Adjusted EBITDA stood at Rs 483 million at 17.1% in Q2FY26 as compared to Rs 423 million at 16.3% in Q2FY25, reflecting a growth of 14.2%.
• Profit after tax including OCI stood at Rs 431 million at 14.6% in Q2FY26 as compared to Rs 357 million at 13.1% in Q2FY25, reflecting a growth of 20.7%.
• Basic EPS stood at Rs 25.62 for Q2FY26 as compared to Rs 22.86 for Q2FY25, reflecting a growth of 12.0%.
• The Company’s net cash position stood at Rs 3,030 million in Q2FY26 as compared to Rs 2,762 million in Q2FY25.

Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “We delivered a strong quarter, recording year-on-year growth of 8.6% and quarter-on-quarter growth of 10.8%, despite challenging market conditions—particularly in Europe, where we have a significant presence. We had a growth across all our key markets; however, the growth in Europe and North America markets outpaced the growth in the middle east and APAC markets. We continue to remain optimistic about the growth opportunities in the North America and middle east markets and expect their growth momentum to continue.

Operationally, it was an outstanding quarter, with continuous improvement across nearly all key metrics. We achieved record-high utilization levels as our delivery operations became more agile and responsive to evolving business needs—well supported by our talent teams through just-in-time hiring practices. Although attrition remains slightly above our long-term average, it has not materially impacted delivery, and all projects continue to meet agreed SLAs. Recognizing the importance of continuous learning in a rapidly evolving technological landscape, we have launched an ambitious organization-wide AI training initiative, including support functions, aimed at driving measurable improvements in operational efficiency.

Our sustained investments in Artificial Intelligence and Digital Transformation initiatives are beginning to bear fruit, with our AI and AI-enabled services generating revenue and creating new business opportunities. We are confident that this momentum will continue, and these initiatives will serve as long-term differentiators that enhance our AI capabilities, strengthen our value proposition, and reinforce our competitive edge.

Our strategic priorities remain clear - driving growth through focused initiatives, pursuing operational excellence with discipline, and leveraging emerging opportunities to deliver sustained value to all stakeholders.”

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Q2FY26 Quarterly Result Announced for Mishra Dhatu Nigam Ltd.

Aerospace & Defence company Mishra Dhatu Nigam announced Q2FY26 results

• Turnover of Rs 209.73 crore during the Q2FY26 against the Turnover of Rs 262.12 crore recorded in Q2FY25.
• Value of Production (VoP) during the Q2FY26 stood at Rs 256.38 crore against the Value of Production (VoP) of Rs 268.22 crore recorded in Q2FY25.
• Profit Before Tax (PBT) during the Q2FY26 stood at Rs 19.13 crore against the Profit Before Tax (PBT) of Rs 33.92 crore recorded in Q2FY25.
• Profit After Tax (PAT) during the Q2FY26 stood at Rs 12.77 crore against the Profit After Tax (PAT) of Rs 23.55 crore recorded in Q2FY25.
• The order book position of the company as on 1st October 2025 stood at Rs 1,869.00 crore.

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Q2FY26 Quarterly Result Announced for Capacit'e Infraprojects Ltd.

Construction & Engineering company Capacit'e Infraprojects announced Q2FY26 results

• Total Income for Q2FY26 stood at Rs 650 crore, up by 24% as compared to Rs 523 crore in Q2FY25.
• EBIDTA for Q2FY26 stood at Rs 108 crore, up by 14% as compared to Rs 95 crore in Q2FY25.
• EBIDTA margin for Q2FY26 stood at 16.8%, well within our guided range.
• EBIT for Q2FY26 stood at Rs 89 crore, up by 11% as compared to Rs 79 crore in Q2FY25.
• EBIT margin for Q2FY26 stood at 13.6%
• PAT for Q2FY26 stood at Rs 51 crore, up by 14% as compared to Rs 45 crore in Q2FY25.
• PAT margin for Q2FY26 stood at 7.9%.

Rohit Katyal, Executive Chairman, said: “FY25 established a new performance benchmark, delivering record growth across operational and financial parameters. Building on that solid foundation, the Company continued its strong upward trajectory in Q2FY26.

Despite heavy monsoon, project execution accelerated significantly, resulting in the highestever Q2 performance. This consistent growth underscores the success of our delivery strategy, relentless focus on operational excellence, and disciplined financial management. These fundamentals have strengthened our balance sheet and reinforced our ability to deliver sustainable growth and long-term value.

The project pipeline remains robust, providing strong visibility for the coming quarters. We expect to further accelerate our execution momentum in the second half of FY26.

Our multi-year portfolio optimisation strategy is now yielding measurable benefits, including:

• A sharp rise in average order size.
• Rationalisation of projects under execution.
• Higher revenue contribution per project.
• Enhanced management efficiency.

On the order front, year to date bookings have already reached Rs 3,464 crore, nearing the full-year guidance of Rs 3,500 crore. With close to five months remaining in FY26 and a strong pipeline of quality bids, the Company is confident of surpassing its earlier order booking targets. The quality of the orders received so reflects the trust of marquee clients and our growing technical and execution capabilities.

Having entered a clear high-growth phase, the Company is anchored by a well-diversified order book, a resilient financial base, and a proven track record of delivery. Building on its strong and consistent performance over several consecutive quarters, these strengths position the Company to create sustained value and set new benchmarks in the periods ahead.”

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Q2FY26 Quarterly Result Announced for Ashapura Minechem Ltd.

Coal & Mining company Ashapura Minechem announced Q2FY26 results

• Income from Operations for Q2FY26 was Rs 952.50 crore Increased by 57.7% YoY.
• EBITDA: Rs 132.13 crore against Rs 65.23 crore during Q2FY25, change 102.6% YoY.
• Profit Before Tax stood at Rs 81.22. crore Increased by 128.3% YoY.

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