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Western Carriers (India) Ltd. 17 Nov 2025 12:59 PM

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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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.

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Realty company EFC (I) announced Q2FY26 results

  • Revenue grew by 53% YoY to reach Rs 2,545.9 million in Q2FY26.
  • EBITDA jumped to Rs 1,108.4 million, which reflected growth of 40% YoY.
  • PAT reached Rs 567.1 million ( 55% YoY), reflecting PAT margin expansion of 40 bps QoQ.
  • Achieved 3.23 million sq. ft. in managed area by Q2FY26, reflecting sustained growth momentum.
  • Expanded seating capacity to over 68,000, delivering an average revenue of ~Rs 6,750-7,250 per seat.

Umesh Sahay, Chairman & Managing Director of EFC (I), said: “We are experiencing robust growth across every segment of our business. Our successful listing on NSE is an incremental step to enhance our visibility and credibility amongst the investor community.

In the leasing vertical, we have implemented OpCo – PropCo model with current AUM of 3.23 million Sq ft. We have also launched ‘EFC Retail Spaces’ to capture high-value retail leasing opportunities in metro and Tier-1 cities and we plan to launch the first phase by January 2026. We have been awarded a new general works contract for a Passport Seva Kendra (PSK) at Pashan, Pune, further consolidating our leadership in the design vertical. This strategic win underscores EFC India’s proven expertise in delivering high-quality infrastructure projects for government institutions. We also successfully secured vendor registration and executed trial/sample orders with three leading multinational and large corporate clients in the office and modular furniture segment. Looking ahead, we plan to leverage these initial engagements to scale operations, introduce innovative modular furniture solutions, and capture a larger share of the institutional furniture market”.

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BPO/KPO company Hinduja Global Solutions announced Q2FY26 results

  • Total income stood at Rs 1,222.9 crore, up by 3.0% QoQ and 1.3% YoY.
  • Revenue from operations was Rs 1,091.0 crore, up by 3.3% QoQ and 0.4% YoY.
  • Total EBITDA stood at Rs 158.0 crore; Total EBITDA margins for the quarter were 12.9%.

Venkatesh Korla, Global CEO, HGS said: “We have won a significant number of client deals in this quarter, the highest in HGS’s history. We expect these client wins to translate into higher financial performance in the coming quarters.

HGS has embarked on a 5-year transformation program led by an AI enabled solutions to achieve sustainable growth with multiple phases built around margin optimization, GTM refresh, packaged vertical solutions, strategic acquisitions, and prioritization of high-growth sectors such as BFSI, Consumer Products & Retail, and Healthcare. As part of this program, we are targeting an aspirational total EBITDA % of mid-20s in the next 5 years.

We are reinventing ourselves for the era of intelligent experiences, powered by Agentic AI and human talent working together. We recognize that the market is being disrupted… clients want outcomes, not just effort. AI-led service delivery, or what we call Digital Operations, is the new standard - fast, scalable, and value-driven, and our strategy is focused on outcome-based delivery. I am confident that with our talented team, process excellence, forward-looking vision, and relentless execution, HGS is poised not just to navigate disruption, but to lead the intelligent experience revolution.”

Vynsley Fernandes, Whole-time Director, HGS & CEO, NXTDIGITAL, said: “The overall digital media business has ended H1 on a strong note. The broadband business is seeing significant traction on the back of new initiatives and enhanced organisational capabilities. The company has embarked on an ambitious plan to expand its services to 100 new Tier-III towns, leveraging our strong presence via our HITS television services, in those markets. CelerityX, the enterprise business, continues its growth, rounding off H1 with new prestigious logos and an impressive base of 3,000 broadband links for enterprises under management."

Result PDF

Transport Related Services company Sanghvi Movers announced Q2FY26 results

  • Revenue from operations was Rs 210 crore for Q2FY26 compared to Rs 156 crore in Q2FY25, an increase of 35% YoY.
  • EBITDA stood at Rs 88 crore for Q2FY26 compared to Rs 81 crore in Q2FY25, up by 9% YoY.
  • PAT stood at Rs 36 crore for Q2FY26 compared to Rs 29 crore in Q2FY25, up by 24% YoY.
  • EBITDA margin for the quarter grew to 42% & PAT margin stood at 17%.

Rishi Sanghvi, Managing Director, Sanghvi Movers Limited (SML), said: “We are pleased to report a strong performance with a 57% YoY increase in revenue during H1FY26, supported by favourable market tailwinds and sustained demand across key sectors.

SML is advancing its five-year strategic roadmap, ELEVATE 2030, to better serve our customers by expanding its global footprint, diversifying its portfolio, and strengthening customer-centric value creation.

Our company has secured an order book of over Rs 1250 crore across the core croreane Rental and renewables business, marking a major milestone. We expect strong growth to continue in both areas, driven by increasing demand and operational strength. Additionally, our KSA business is witnessing a surge in customer enquiries and growing confidence, indicating promising expansion opportunities."

Result PDF

Commercial Services company Bluspring Enterprises announced Q2FY26 results

  • Revenue for Q2FY26 Rs 837 crore | 14% YoY | 8% QoQ.
  • EBITDA for Q2FY26 Rs 29 crore | 1% YoY | 22% QoQ.
  • EBITDA margin rises by 41 bps QoQ to 3.5%.
  • PAT for Q2FY26 Rs 16 crore | 19% YoY | 38% QoQ.
  • 90,000 Headcount | 5% YoY | 3% QoQ.

Kamal Pal Hoda, Executive Director & CEO, said: “We delivered a robust quarter of 14% YoY growth in revenues alongside a 19% increase in Adj. PAT with margins improving by 43 bps sequentially this quarter. Our leadership investments and improved operational efficiencies are now reflected in margin expansion and client additions. With 37 new clients onboarded at better margins and reduced client mobilization time, we expect these trends to continue driving robust growth and profitability."

Result PDF

Warehousing & Logistics company TCI Express announced Q2FY26 results

  • Total Income: Rs 312 crore compared to Rs 313.90 crore during Q2FY25.
  • EBITDA: Rs 39 crore compared to Rs 41 crore during Q2FY25..
  • EBITDA Margin: 12.4% for Q2FY26.
  • PAT: Rs 25 crore compared to Rs 26 crore during Q2FY25.
  • PAT Margin: 8.1% for Q2FY26

Chander Agarwal, Managing Director, said: “Q2FY26 showed consistent progress over the previous quarter, marked by consistent operational performance, disciplined execution and sustained effort toward adding new verticals within the Surface segment. The Performance was moderately impacted by GST reforms, including rate cuts and realignments during the quarter. However, the festive season helped drive demand in lifestyle, garments, and other product categories and MSME activity showed gradual improvement. Furthermore, the Company continued to strengthen its multimodal capabilities in the express logistics space.

The Surface Express division continues to be the largest contributor to the business. We added 10 new branches in this division which expanded network coverage and enhanced last-mile reach. Rail Express delivered 25% YoY growth, driven by 25 new branch additions and the successful implementation of appointment-based deliveries. Additionally, Air Express maintained strong momentum, International Air Express grew 40% YoY through direct space arrangements with an international carrier, while Domestic Air Express strengthened its reach through new connections at Lucknow and Varanasi airports. The C2C segment continued to expand, with a 15% growth supported by new customer acquisitions and regional expansion initiatives.

During the quarter, the Company leased a larger sorting center in Mumbai, nearly three times the size of the existing one. This expansion is expected to enhance operational efficiency, reduce costs and support future growth and capacity requirements in western part of India. The Company continued to invest in digital transformation through the planned implementation of Zoho CRM to streamline customer management and operational coordination. These infrastructure and technology initiatives, combined with disciplined cost control and an asset-light model, have enhanced network efficiency and supported consistent service delivery. The Company also rolled out management and employee training programs across all levels to strengthen business quality and operational excellence.

For the quarter TCI Express reported total income of Rs 312 crore and Profit After Tax of Rs 25 crore. The Company remains debt-free with strong liquidity, highlighting its operational agility, financial strength and readiness for sustained growth. Direct costs remained stable during the quarter, indicating effective cost management and operational efficiency.

Furthermore, the Company continued to advance its social initiatives through the TCI Express Foundation. In September 2025, the Foundation organized its annual Blood Donation Drive nationwide to honour Late Shri P.D. Agarwal Ji on his Punya Tithi (Death Anniversary). The Jaipur Foot & Rehabilitation Centre in Lucknow supported many beneficiaries with artificial limbs and assistive devices, while ongoing initiatives such as the Archery Academy in Khunti, Jharkhand and the rural development programs in collaboration with the Global Vikas Trust continue to promote inclusive growth and community upliftment.

Looking ahead, the company remains focused on expanding its infrastructure and strengthening multimodal operations. We are also expanding into new verticals, such as defense, electric vehicles (EV) and solar energy, which align with emerging trends and growth opportunities in the logistics space. With a strong balance sheet and consistent investments in technology, TCI Express is well-positioned to capture emerging opportunities in India’s logistics sector and deliver sustainable value to its stakeholders in the Quarters ahead."

Result PDF

Financial Services company CMS Info Systems announced Q2FY26 results

  • Revenue: Rs 609 crore for Q2FY26, change -3% YoY.
  • PAT: Rs 73.3 crore for Q2FY26, change -19% YoY.
  • PAT Margin: 12% for Q2FY26.

Rajiv Kaul, Exec. VC & CEO, said: “H1 revenues remained stable despite macro and industry challenges. Our focus on key wins and strategic initiatives is building strong momentum, and October consumption trends have been strong. Our market position and fundamentals are solid, and we are targeting to grow our services revenue by 9% in H2 over H1 to regain growth momentum to build a strong base for FY27”.

Result PDF

Commodity Trading & Distribution company Redington announced Q2FY26 results

  • Consolidated global revenues of Rs 29,118 crore for Q2FY26, change 17% YoY.
  • Net profit of Rs 388 crore for Q2FY26, change 32% YoY.

V.S. Hariharan, Managing Director & Group CEO, Redington, said: “Our Q2 results highlight the strong momentum in our Software Solutions business, alongside continued growth in our core hardware portfolio. As enterprises modernize infrastructure, secure digital ecosystems, and prepare for an AI-driven future, Redington is helping them accelerate this transformation through scalable, high-value offerings across Cloud, Cybersecurity, and Software Services. Our global reach and partner ecosystem positions us well to capture sustained growth as digital transformation cycles intensify.”

Result PDF

Warehousing & Logistics company Delhivery announced Q2FY26 results

  • Revenue from services (excluding Ecom Express) of Rs 2,546 crore in Q2FY26, growth of 16% YoY vs Rs 2,190 crore in Q2FY25.
  • EBITDA (excluding Ecom Express integration costs) of Rs 150 crore (5.9% margin) in Q2FY26, a growth of 162% YoY from Rs 57 crore (2.6% margin) in Q2FY25.
  • Profit after tax (excluding Ecom Express integration costs), of Rs 59 crore (2.2% margin) in Q2FY26, versus Rs 10 crore (0.4% margin) in Q2FY25.

Result PDF

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