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Max Healthcare Institute Ltd. 17 Nov 2025 12:15 PM

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

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

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

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

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

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

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

2/3 Wheelers company Hero MotoCorp announced Q2FY26 results

  • Volume: 16.91 lakh units of motorcycles and scooters sold in Q2FY26 (vs 15.20 lakh units Q2FY25)
  • Revenue from operations: Rs 12,126 crore, a growth of 16% over the corresponding quarter in the previous fiscal.
  • Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q2FY26 stands at Rs 1,823 crore, a growth of 20%.
  • Net Profit After Tax (PAT) at Rs 1,393 crore, a growth of 16% over the previous year.

Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said: “The change in the GST regime has fundamentally simplified India's indirect tax structure and demonstrably improved consumer sentiment. The industry witnessed direct benefits of this policy reform, reflected in strong market performance.

In Q2FY’26, the auto industry returned to broad based growth, further supported by positive festive sentiment. Hero MotoCorp witnessed strong momentum, aided by the success of our new launches, expanding product portfolio, and customer-centric marketing campaigns. Furthermore, our Emerging Mobility business—VIDA—returned growth ahead of the industry average, and the Company outperformed the markets in global business.

We expect the momentum in growth to continue, supported by benefits flowing in from the GST reforms, healthy macro economic parameters, and a robust product portfolio. We remain committed to sustained growth and will continue to invest strategically in technology, global markets, and product innovation to build long-term value for our shareholders.”

Result PDF

Construction & Engineering company GMR Airports announced Q2FY26 results

  • Total Income: Rs 3,754 crore against Rs 2,598 crore during Q2FY25.
  • EBITDA: Rs 1,531 crore against Rs 962 crore during Q2FY25.
  • PBT: Rs 103 crore against Rs -386 crore during Q2FY25.
  • PAT: Rs 35 crore against Rs -429 crore during Q2FY25.

Result PDF

Department Stores company Vishal Mega Mart announced Q2FY26 results

  • Revenue from operations stood at Rs 29,815 million, YoY growth of 22.4%.
  • Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 2,529 million (8.5% margin), YoY growth of 34.2%.
  • Adjusted PAT (pre-ESOP charges) stood at Rs 1,617 million (5.4% margin), YoY growth of 39.4%.
  • SSSG of 11.3% (Adjusted SSSG of 12.8%).
  • 28 Gross and 25 Net stores were added.

Gunender Kapur, Managing Director & Chief Executive Officer, said: “Q2FY26 marked another period of delivering strong results with healthy growth in both revenue and profitability, demonstrating the strength of our customer-centric value proposition and disciplined execution.

For the quarter, the revenue from operations increased to Rs 29,815 million, growing by 22.4% with healthy double-digit SSSG of 11.3% (Adjusted SSSG of 12.8%). For the halfyear, our revenues from operations increased to Rs 61,218 million, growing by 21.6% with SSSG of 10.9% (Adjusted SSSG of 12.1%).

Growth was supported by the sustained strength of our own-brand portfolio, healthy footfalls, and new store additions. We added 28 gross new stores during the quarter and 51 in half-year, in line with our growth strategy and strengthening our presence in core geographies and expansion into new states.

Revenue growth in Q2FY26 has some impact of early onset of Durga Puja festivities in Sep’25 vs Oct’24 last year.

Profit margins remained strong driven by benefits of operating leverage. PAT for Q2FY26 stands at Rs 1,523 million with yoy growth of 46.5% and PAT for H1FY26 stands at Rs 3,584 million with yoy growth of 41.0%.

The government’s initiative of GST rate rationalization is a positive step towards stimulating consumption. Our commitment remains to pass on these benefits to our customers to enable long-term inclusive growth for all.”

Result PDF

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