loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

BSE SmallCap Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Paramount Communications Ltd. 17 Nov 2025 16:16 PM
Result PDF

Q2FY26 Quarterly Result Announced for Paramount Communications Ltd.

Wires & Cables company Paramount Communications announced Q2FY26 results

  • Revenue: Rs 428.0 crore against Rs 355.9 crore during Q2FY25, change 20.3%.
  • EBITDA: Rs 25.8 crore against Rs 33.6 crore during Q2FY25, change -23.1%.
  • EBITDA Margin: 5.8% for Q2FY26.
  • PAT: Rs 13.3 crore against Rs 20.3 crore during Q2FY25, change -34.8%.
  • PAT Margin: 3.0% for Q2FY26.
  • EPS: Rs 0.43 for Q2FY26.

Management Commentary: Paramount Communications Limited reported revenue from operations of Rs 428 crore in Q2FY26, up 20.3% YoY over Rs 355.9 crore in Q2FY25.

EBITDA stood at Rs 25.8 crore with a margin of 5.8%, compared to 9.4% in Q2FY25. PAT was Rs 13.3 crore, translating to a PAT margin of 3.0% in Q2FY26.

During April ’25, the US Administration increased tariff on imports from India by 10% which was further increased to 25% on 2nd August ’25. Further on India, a penal oil tariff of 25% was also imposed.

As the company has substantial revenue from USA exports (more than 40% share in H1FY26) which is being exported on DDP basis, the company had to bear a substantial part of this increase in tariff on goods under transit, finished goods and goods under production. Furthermore, for new orders we are facing stiff competition from other countries at lower tariff structures. As a result, the company’s margins are under pressure in the short term. We are actively working to de-risk ourselves from this situation by covering the export deficit from our domestic market, while also reviewing the dynamic trade situation between both countries. The company expects impact on its revenue and profitability to be temporary.

The domestic market remained strong during the quarter which helped us sail through the period and we anticipate stronger demand in the coming months driven by the expanding renewables sector and continued capex in power generation and transmission. There is also improvement in demand for the railway and telecom products of the company.

Result PDF

Result PDF

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.”

Result PDF

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.”

Result PDF

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.”

Result PDF

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.”

Result PDF

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”

Result PDF

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.”

Result PDF

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.”

Result PDF

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.”

Result PDF

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.

Result PDF

Trending News

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Published on 17-Dec-2025 09:01

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL).

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL)

Published on 17-Dec-2025 09:00

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Published on 16-Dec-2025 09:05

KIMS has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Krishna Institute of Medical Sciences (KIMS) has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Published on 16-Dec-2025 09:03

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding 

Published on 16-Dec-2025 09:01

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status