Axis Bank – Q2 FY26 Earnings Highlights
| Metric | Value | Change / Estimate | Details / Poll |
|---|---|---|---|
| Net Profit | ₹5,090 Cr | ▼ Missed Estimates | Poll: ₹5,692 Cr |
| NII (Net Interest Income) | ₹13,744 Cr | ▲ Beat Estimates | Poll: ₹13,224 Cr |
| Gross NPA | ₹17,307.7 Cr | ▼ ₹457 Cr | ₹17,765 Cr (QoQ) |
| Net NPA | ₹5,114 Cr | ▲ ₹48 Cr | ₹5,066 Cr (QoQ) |
| Gross NPA (%) | 1.46% | ▼ 11 bps | 1.57% |
| Net NPA (%) | 0.44% | ▼ 1 bps | 0.45% |
Verdict
Axis Bank posted a mixed Q2 FY26 performance — while NII growth exceeded expectations, net profit came in below estimates due to higher provisions or costs. Asset quality continued to improve marginally with lower GNPA ratios, reflecting stable credit health and disciplined lending practices.
Tata Communications – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹6,100 Cr | ▲ 6% | ₹5,728 Cr | ▲ 2% | ₹5,960 Cr |
| EBITDA | ₹1,174 Cr | ▲ 4% | ₹1,129 Cr | ▲ 3% | ₹1,137 Cr |
| Net Profit | ₹183 Cr | ▼ 18% | ₹227 Cr | ▼ 4% | ₹190 Cr |
| EPS | ₹6.42 | ▼ 19% | ₹7.97 | ▼ 4% | ₹6.67 |
Verdict
Tata Communications delivered steady top-line growth, supported by improved EBITDA performance. However, profitability slipped both YoY and QoQ due to margin pressures. Overall, revenue momentum remains intact, but earnings softness weighs on short-term sentiment.
HDFC Life – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | vs Estimates | Estimates Base |
|---|---|---|---|---|---|
| New Business Premium | ₹8,950 Cr | ▲ 10.5% | ₹8,097 Cr | ▼ 1.2% | ₹9,060 Cr |
| Total APE | ₹4,188 Cr | ▲ 8.6% | ₹3,858 Cr | ▲ 0.3% | ₹4,176 Cr |
| VNB | ₹1,009 Cr | ▲ 7.6% | ₹940 Cr | ▲ 1.9% | ₹990 Cr |
| VNB Margin | 24.1% | ▼ 20 bps | 24.3% | ▲ 40 bps | 23.7% |
Verdict
HDFC Life reported steady Q2 FY26 results with healthy year-on-year growth across all key metrics. While new business premium slightly missed estimates, margins and profitability remained strong, indicating sustained efficiency and a balanced product mix.
KEI Industries – Q2 FY25 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | Vs Estimates | Estimate Value |
|---|---|---|---|---|---|
| Revenue | ₹2,726 Cr | ▲ 19.4% | ₹2,284 Cr | ▼ Below | ₹2,772 Cr |
| EBITDA | ₹269.1 Cr | ▲ 20% | ₹224.4 Cr | ▼ Below | ₹283 Cr |
| EBITDA Margin | 9.9% | ▲ 0.1% | 9.8% | ▲ In Line | 10.2% |
| Net Profit | ₹204 Cr | ▲ 31.3% | ₹155 Cr | ▲ Above | ₹201 Cr |
Verdict
KEI Industries delivered strong year-on-year growth across revenue and profitability, with margins stable. While slightly missing revenue and EBITDA estimates, net profit outperformed, indicating operational efficiency and sustained demand momentum.
Angel One – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,202 Cr | ▼ 21% | ₹1,515 Cr | ▲ 5% | ₹1,141 Cr |
| EBITDA | ₹415 Cr | ▼ 38% | ₹672 Cr | ▲ 51% | ₹275 Cr |
| Net Profit | ₹212 Cr | ▼ 50% | ₹423 Cr | ▲ 86% | ₹114 Cr |
| EPS | ₹23.34 | ▼ 50% | ₹46.96 | ▲ 85% | ₹12.64 |
Verdict
Angel One reported a sharp YoY decline due to lower trading volumes and compression in brokerage margins, but QoQ recovery was strong with a sharp rebound in profitability, indicating operational turnaround momentum in Q2 FY26.
HDB Financial Services – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹4,545 Cr | ▲ 13% | ₹4,007 Cr | ▲ 2% | ₹4,465 Cr |
| EBITDA | ₹2,529 Cr | ▲ 3% | ₹2,456 Cr | — | ₹2,529 Cr |
| Net Profit | ₹581 Cr | ▼ 2% | ₹593 Cr | ▲ 2% | ₹568 Cr |
| EPS | ₹7.01 | ▼ 6% | ₹7.44 | ▲ 2% | ₹6.87 |
Verdict
HDB Financial delivered steady topline growth with stable margins, though profitability remained muted YoY due to higher costs. Sequential improvement in earnings indicates resilient operating performance amid margin pressures.
HDFC AMC – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,026 Cr | ▲ 16% | ₹887 Cr | ▲ 6% | ₹968 Cr |
| EBITDA | ₹801 Cr | ▲ 14% | ₹704 Cr | ▲ 3% | ₹774 Cr |
| Net Profit | ₹718 Cr | ▲ 24% | ₹577 Cr | ▼ 4% | ₹748 Cr |
| EPS | ₹33.55 | ▲ 24% | ₹27.01 | ▼ 4% | ₹34.96 |
Verdict
HDFC AMC posted strong year-on-year growth in revenue and profitability, driven by higher AUM and better operating leverage. While net profit and EPS were slightly lower sequentially, overall performance remains robust. The Board’s approval of a 1:1 bonus issue adds to investor enthusiasm and signals confidence in future growth.
Oberoi Realty – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,779 Cr | ▲ 35% | ₹1,320 Cr | ▲ 80% | ₹988 Cr |
| EBITDA | ₹1,020 Cr | ▲ 25% | ₹814 Cr | ▲ 96% | ₹520 Cr |
| Net Profit | ₹760 Cr | ▲ 29% | ₹589 Cr | ▲ 81% | ₹420 Cr |
| EPS | ₹20.91 | ▲ 29% | ₹16.21 | ▲ 80% | ₹11.59 |
Verdict
Oberoi Realty delivered a strong quarter with robust YoY and QoQ growth across all metrics, driven by improved project deliveries and higher realizations, showcasing continued strength in Mumbai’s premium real estate segment.
Rel. Indl. Infra – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹12.2 Cr | ▼ 1% | ₹12.2 Cr | ▼ 2% | ₹12.5 Cr |
| EBITDA | -₹2.10 Cr | ▲ 26% | -₹2.84 Cr | ▲ 5% | -₹1.99 Cr |
| Net Profit | ₹3.06 Cr | ▼ 2% | ₹3.12 Cr | ▼ 1% | ₹3.10 Cr |
| EPS | ₹2.03 | ▼ 2% | ₹2.07 | ▼ 1% | ₹2.05 |
Verdict
Rel. Indl. Infra reported stable Q2 FY26 results with slight declines in revenue and profit but improved operating performance. Despite muted topline, EBITDA losses narrowed YoY, indicating gradual efficiency gains.
Huhtamaki India – Q3 CY25 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹625 Cr | ▼ 4% | ₹652 Cr | ▲ 2% | ₹612 Cr |
| EBITDA | ₹55.5 Cr | ▲ 207% | ₹18.1 Cr | ▲ 30% | ₹42.6 Cr |
| Net Profit | ₹36.8 Cr | ▲ 244% | ₹11.7 Cr | ▲ 48% | ₹24.9 Cr |
| EPS | ₹4.87 | ▲ 214% | ₹1.55 | ▲ 48% | ₹3.30 |
Verdict
Huhtamaki India delivered an exceptional improvement in profitability with EBITDA and net profit more than tripling YoY and showing strong sequential growth. Despite a slight decline in sales, operational efficiency and margin expansion drove stellar earnings momentum this quarter.
Network18 Media – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹498 Cr | ▼ 73% | ₹1,825 Cr | ▲ 6% | ₹468 Cr |
| EBITDA | ₹-0.5 Cr | ▲ 100% | ₹-179 Cr | ▼ 112% | ₹4.16 Cr |
| Net Profit | ₹41.2 Cr | ▲ 142% | ₹-152 Cr | ▼ 72% | ₹149 Cr |
| EPS | ₹0.26 | ▲ 128% | ₹-0.92 | ▼ 73% | ₹0.96 |
Verdict
Network18 posted a sharp year-on-year turnaround with profits back in the green, driven by strong operational recovery. However, quarter-on-quarter performance softened, reflecting moderation after a strong June quarter.
Hathway Cable – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹537 Cr | ▲ 5% | ₹513 Cr | ▲ 1% | ₹530 Cr |
| EBITDA | ₹80.9 Cr | ▼ 6% | ₹86.3 Cr | ▼ 8% | ₹87.6 Cr |
| Net Profit | ₹18.2 Cr | ▼ 29% | ₹25.8 Cr | ▼ 41% | ₹31.0 Cr |
| EPS | ₹0.10 | ▼ 33% | ₹0.15 | ▼ 44% | ₹0.18 |
Verdict
Hathway Cable’s Q2 FY26 performance showed marginal revenue growth but notable margin pressure. Despite steady sales, profitability weakened both YoY and QoQ due to lower operating efficiency and earnings compression.
National Fitting – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹23.6 Cr | ▲ 27% | ₹18.7 Cr | ▼ 14% | ₹27.5 Cr |
| EBITDA | ₹2.44 Cr | ▲ 76% | ₹1.39 Cr | ▼ 32% | ₹3.57 Cr |
| Net Profit | ₹1.84 Cr | ▲ 119% | ₹0.84 Cr | ▼ 30% | ₹2.62 Cr |
| EPS | ₹2.03 | ▲ 121% | ₹0.92 | ▼ 29% | ₹2.88 |
Verdict
National Fitting delivered strong year-on-year growth across all metrics, reflecting improved profitability and operational efficiency. However, sequential moderation in revenue and margins indicates a slight slowdown post a strong Q1, yet overall momentum remains positive for FY26.
IRFC – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹6,372 Cr | ▼ 8% | ₹6,900 Cr | ▼ 8% | ₹6,915 Cr |
| EBITDA | ₹6,323 Cr | ▼ 8% | ₹6,862 Cr | ▼ 8% | ₹6,869 Cr |
| Net Profit | ₹1,777 Cr | ▲ 10% | ₹1,613 Cr | ▲ 2% | ₹1,746 Cr |
| EPS | ₹1.36 | ▲ 11% | ₹1.23 | ▲ 1% | ₹1.34 |
Verdict
Despite a decline in revenue and operating income, IRFC delivered double-digit YoY growth in net profit and EPS, showing strong bottom-line resilience and efficient cost management. Profitability remains robust even amid softer topline trends.
Ksolves India – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹39.7 Cr | ▲ 14% | ₹34.8 Cr | ▲ 5% | ₹37.7 Cr |
| EBITDA | ₹12.1 Cr | ▼ 9% | ₹13.2 Cr | ▲ 22% | ₹9.94 Cr |
| Net Profit | ₹8.41 Cr | ▼ 8% | ₹9.19 Cr | ▲ 31% | ₹6.43 Cr |
| EPS | ₹3.55 | ▼ 9% | ₹3.88 | ▲ 31% | ₹2.71 |
Verdict
Ksolves India posted steady revenue growth year-on-year with a strong sequential rebound in profitability. Despite a dip versus last year’s higher base, the sharp quarter-on-quarter recovery in margins and net profit points to improving operational efficiency and positive momentum heading into the next quarter.
