Verdict
Minda Corp delivered healthy Q1 FY26 results with strong year-on-year growth in sales and EBITDA, while net profit and EPS showed marginal YoY improvement. Quarter-on-quarte
Suzlon Energy – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
YoY Change |
Mar 2025 |
QoQ Change |
Jun 2024 |
| Sales |
₹3,132 Cr |
▲ 55% |
₹3,790 Cr |
▼ 17% |
₹2,022 Cr |
| EBIDT |
₹599 Cr |
▲ 62% |
₹693 Cr |
▼ 14% |
₹370 Cr |
| Net Profit |
₹324 Cr |
▲ 7% |
₹1,181 Cr |
▼ 73% |
₹302 Cr |
| EPS |
₹0.24 |
▲ 9% |
₹0.87 |
▼ 72% |
₹0.22 |
Verdict
Suzlon Energy posted strong year-on-year growth in sales and EBIDT, supported by a healthy rise in net profit and EPS. However, quarter-on-quarter figures reflect a notable decline, primarily due to a high base in the previous quarter. Overall, the company shows solid YoY operational momentum, though QoQ profitability remains under pressure.
Va Tech Wabag – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
YoY Change |
Mar 2025 |
QoQ Change |
Jun 2024 |
| Sales |
₹734 Cr |
▲ 17% |
₹1,156 Cr |
▼ 37% |
₹626 Cr |
| EBIDT |
₹95.6 Cr |
▲ 21% |
₹141 Cr |
▼ 32% |
₹79.1 Cr |
| Net Profit |
₹65.8 Cr |
▲ 20% |
₹99.5 Cr |
▼ 34% |
₹54.8 Cr |
| EPS |
₹10.58 |
▲ 20% |
₹16.00 |
▼ 34% |
₹8.84 |
Verdict
Va Tech Wabag reported solid year-on-year growth across all key metrics in Q1 FY26, with sales, EBITDA, net profit, and EPS improving strongly compared to June 2024. However, quarter-on-quarter numbers show a decline, reflecting typical seasonality or one-off factors. Overall, the company maintains a healthy growth trajectory with strong profitability.
RattanIndia Enterprises – Q1 FY26 Earnings Highlights
Price: ₹50.6
Market Cap: ₹6,989 Cr
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹2,313 Cr |
₹1,505 Cr |
₹2,494 Cr |
▼ 7% |
▲ 54% |
| EBIDT |
₹609 Cr |
₹-377 Cr |
₹1,031 Cr |
▼ 41% |
▲ Large Recovery |
| Net Profit |
₹502 Cr |
₹-359 Cr |
₹851 Cr |
▼ 41% |
▲ Large Recovery |
| EPS |
₹3.64 |
₹-2.57 |
₹6.16 |
▼ 41% |
▲ Strong QoQ Rise |
Verdict
RattanIndia Enterprises reported a challenging year-on-year quarter with sales, EBITDA, net profit, and EPS declining by approximately 41%. However, compared to the previous quarter, the company showed a strong recovery from losses, posting significant positive growth in profitability and earnings, indicating operational turnaround momentum in Q1 FY26.
Prem Explosives – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹142 Cr |
▲ 72% |
₹82.9 Cr |
▲ 92% |
₹74.1 Cr |
| EBITDA |
₹20.9 Cr |
▲ 35% |
₹15.5 Cr |
▲ 119% |
₹9.56 Cr |
| Net Profit |
₹15.4 Cr |
▲ 152% |
₹7.33 Cr |
▲ 311% |
₹3.75 Cr |
| EPS |
₹2.86 |
▲ 110% |
₹1.36 |
▲ 309% |
₹0.70 |
Verdict
Prem Explosives delivered an exceptional Q1 FY26 with robust double-to-triple digit growth across all metrics both YoY and QoQ. Strong sales momentum, improved margins, and a sharp jump in profitability signal solid operational performance and growth potential ahead.
Bharat Dynamics – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹248 Cr |
▲ 30% |
₹191 Cr |
▼ 86% |
₹1,777 Cr |
| EBITDA |
₹-45.4 Cr |
▲ 13% |
₹-52.3 Cr |
▼ 115% |
₹299 Cr |
| Net Profit |
₹18.4 Cr |
▲ 154% |
₹7.22 Cr |
▼ 93% |
₹273 Cr |
| EPS |
₹0.50 |
▲ 150% |
₹0.20 |
▼ 93% |
₹7.44 |
Verdict
Bharat Dynamics reported strong YoY growth in revenue and profitability despite posting a loss at EBITDA level, showing improved operational performance compared to last year. However, sequential results saw a sharp decline due to a high base in the previous quarter, indicating uneven quarterly execution in the defence order book.
Rail Vikas – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹3,909 Cr |
▼ 4% |
₹4,074 Cr |
▼ 39% |
₹6,427 Cr |
| EBIDT |
₹52.9 Cr |
▼ 71% |
₹182 Cr |
▼ 88% |
₹433 Cr |
| Net Profit |
₹134 Cr |
▼ 40% |
₹224 Cr |
▼ 71% |
₹459 Cr |
| EPS |
₹0.65 |
▼ 39% |
₹1.07 |
▼ 70% |
₹2.20 |
Verdict
Rail Vikas posted a weak Q1 FY26 with notable declines in profitability and sales both year-on-year and quarter-on-quarter. The sharp drop in EBITDA and net profit reflects margin pressures and operational challenges this quarter.
Windlas Biotech – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹210 Cr |
₹203 Cr |
₹175 Cr |
▲ 20% |
▲ 3% |
| EBIDT |
₹26.5 Cr |
₹25.6 Cr |
₹20.9 Cr |
▲ 27% |
▲ 4% |
| Net Profit |
₹17.7 Cr |
₹16.3 Cr |
₹13.5 Cr |
▲ 31% |
▲ 9% |
| EPS |
₹8.45 |
₹7.79 |
₹6.45 |
▲ 31% |
▲ 8% |
Verdict
Windlas Biotech reported strong Q1 FY26 results with healthy year-on-year growth across all key metrics and steady quarter-on-quarter improvement. The company demonstrates consistent profitability momentum and operational efficiency, supporting a positive outlook ahead.
Honasa Consumer – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
YoY Change |
Mar 2025 |
QoQ Change |
Jun 2024 |
| Sales |
₹584 Cr |
▲ 7% |
₹523 Cr |
▲ 12% |
₹544 Cr |
| EBIDT |
₹41.5 Cr |
▼ 2% |
₹23.9 Cr |
▲ 74% |
₹42.4 Cr |
| Net Profit |
₹39.9 Cr |
▲ 2% |
₹24.6 Cr |
▲ 62% |
₹39.3 Cr |
| EPS |
₹1.23 |
▲ 2% |
₹0.76 |
▲ 62% |
₹1.21 |
Verdict
Honasa Consumer posted moderate year-on-year growth in sales and net profit with a slight dip in EBIDT. Strong quarter-on-quarter improvements across EBIDT, net profit, and EPS indicate improving operational efficiency and profitability momentum in Q1 FY26.
Juniper Hotels – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
QoQ Change |
Base YoY |
Base QoQ |
| Sales |
₹190 Cr |
▲ 10% |
▼ 22% |
₹173 Cr |
₹244 Cr |
| EBIDT |
₹72.2 Cr |
▲ 26% |
▼ 32% |
₹57.1 Cr |
₹106 Cr |
| Net Profit |
₹10.8 Cr |
▼ 27% |
▼ 80% |
₹14.8 Cr |
₹54.6 Cr |
| EPS |
₹0.48 |
▼ 27% |
▼ 80% |
₹0.66 |
₹2.45 |
Verdict
Juniper Hotels reported steady year-on-year growth in sales and EBITDA, signaling operational improvement. However, net profit and EPS declined significantly quarter-on-quarter due to one-off impacts or higher expenses this quarter. Overall, the results show positive momentum but caution on profitability near term.
Finolex Cables – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹1,396 Cr |
▲ 13% |
₹1,230 Cr |
▼ 13% |
₹1,595 Cr |
| EBIDT |
₹131 Cr |
▲ 9% |
₹120 Cr |
▼ 21% |
₹166 Cr |
| Net Profit |
₹139 Cr |
▲ 13% |
₹123 Cr |
▼ 9% |
₹152 Cr |
| EPS |
₹9.08 |
▲ 13% |
₹8.01 |
▼ 9% |
₹9.93 |
Verdict
Finolex Cables posted solid year-on-year growth in sales, EBITDA, net profit, and EPS for Q1 FY26, reflecting steady business momentum. However, the quarter saw a decline on a sequential basis, mainly due to seasonal or operational factors. Overall, the company maintains a positive growth trajectory with healthy profitability.
Venus Pipes – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹276 Cr |
₹258 Cr |
₹240 Cr |
▲ 15% |
▲ 7% |
| EBIDT |
₹44.8 Cr |
₹41.6 Cr |
₹47.9 Cr |
▼ 7% |
▲ 8% |
| Net Profit |
₹24.8 Cr |
₹23.7 Cr |
₹27.6 Cr |
▼ 10% |
▲ 5% |
| EPS |
₹12.08 |
₹11.60 |
₹13.58 |
▼ 11% |
▲ 4% |
Verdict
Venus Pipes posted a healthy 15% ▲ year-on-year growth in sales, supported by a 7% ▲ quarter-on-quarter increase. However, profitability metrics saw a decline year-on-year with net profit and EBITDA down by 10% ▼ and 7% ▼ respectively, despite slight improvements sequentially. EPS also dipped YoY but improved QoQ, reflecting some margin pressure. Overall, steady top-line growth contrasts with pressure on margins and earnings in Q1 FY26.
Bajaj Hindusthan – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹1,248 Cr |
₹1,554 Cr |
₹1,386 Cr |
▼ 10% |
▼ 20% |
| EBIDT |
₹-26.8 Cr |
₹286 Cr |
₹27.6 Cr |
▼ 197% |
▼ 109% |
| Net Profit |
₹-174 Cr |
₹220 Cr |
₹-67 Cr |
▼ 212% |
▼ 179% |
| EPS |
₹-1.36 |
₹1.72 |
₹-0.52 |
▼ 162% |
▼ 179% |
Verdict
Bajaj Hindusthan reported a sharp decline in Q1 FY26 results with significant year-on-year and quarter-on-quarter losses. Sales dropped moderately, but EBITDA and net profit turned deeply negative, reflecting severe operational challenges this quarter.
Bodal Chemicals – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹454 Cr |
₹451 Cr |
₹422 Cr |
▲ 8% |
▲ 1% |
| EBIDT |
₹47.6 Cr |
₹47.3 Cr |
₹34.5 Cr |
▲ 38% |
▲ 1% |
| Net Profit |
₹9.53 Cr |
₹14.5 Cr |
₹-1.18 Cr |
▲ 908% |
▼ 34% |
| EPS |
₹0.76 |
₹1.15 |
₹-0.09 |
▲ 944% |
▼ 34% |
Verdict
Bodal Chemicals posted strong year-on-year growth with a sharp turnaround from a net loss last year to a healthy profit this quarter. While sales and EBITDA showed moderate improvement, net profit and EPS surged significant
Natco Pharma – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
QoQ Change |
Mar 2025 |
YoY Change |
Jun 2024 |
| Sales |
₹1,329 Cr |
▲ 9% |
₹1,221 Cr |
▼ 2% |
₹1,363 Cr |
| EBIDT |
₹571 Cr |
▲ 4% |
₹548 Cr |
▼ 29% |
₹805 Cr |
| Net Profit |
₹480 Cr |
▲ 18% |
₹406 Cr |
▼ 28% |
₹668 Cr |
| EPS |
₹26.84 |
▲ 18% |
₹22.70 |
▼ 28% |
₹37.32 |
Verdict
Natco Pharma reported a slight dip in sales and significant decline in EBITDA and net profit on a year-on-year basis, primarily impacted by margin pressures. However, quarter-on-quarter improvements across all metrics indicate gradual operational recovery in Q1 FY26.
Lux Industries – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
YoY Change |
Mar 2025 |
QoQ Change |
Jun 2024 |
| Sales |
₹604 Cr |
▲ 13% |
₹818 Cr |
▼ 26% |
₹535 Cr |
| EBIDT |
₹35.3 Cr |
▼ 21% |
₹76.6 Cr |
▼ 54% |
₹44.7 Cr |
| Net Profit |
₹23.2 Cr |
▼ 30% |
₹48.0 Cr |
▼ 52% |
₹33.4 Cr |
| EPS |
₹7.84 |
▼ 31% |
₹15.99 |
▼ 51% |
₹11.30 |
Verdict
Lux Industries posted a mixed Q1 FY26 performance with a healthy 13% year-on-year sales growth. However, profitability took a significant hit with EBITDA, net profit, and EPS declining both year-on-year and quarter-on-quarter, reflecting margin pressures and lower operational efficiency in the quarter.
Selan Expl. Tech – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YOY Change |
QOQ Change |
| Sales |
₹50.6 Cr |
₹61.7 Cr |
₹63.5 Cr |
▼ 20% |
▼ 18% |
| EBIDT |
₹26.8 Cr |
₹30.9 Cr |
₹33.2 Cr |
▼ 19% |
▼ 13% |
| Net Profit |
₹11.2 Cr |
₹14.8 Cr |
₹17.8 Cr |
▼ 37% |
▼ 24% |
| EPS |
₹7.38 |
₹9.72 |
₹11.73 |
▼ 37% |
▼ 24% |
Verdict
Selan Exploration Technology faced a decline in Q1 FY26 with a drop in sales, EBITDA, net profit, and EPS both year-on-year and quarter-on-quarter. The results indicate pressure on margins and profitability requiring focus on operational efficiency.
Zodiac Energy – Q1 FY26 Earnings Highlights
| Metric |
Jun 2025 |
Mar 2025 |
Jun 2024 |
YoY Change |
QoQ Change |
| Sales |
₹98.0 Cr |
₹171 Cr |
₹79.3 Cr |
▲ 24% |
▼ 43% |
| EBIDT |
₹9.68 Cr |
₹17.6 Cr |
₹4.19 Cr |
▲ 131% |
▼ 45% |
| Net Profit |
₹2.69 Cr |
₹9.44 Cr |
₹2.33 Cr |
▲ 15% |
▼ 71% |
| EPS |
₹1.78 |
₹6.25 |
₹1.59 |
▲ 12% |
▼ 72% |
Verdict
Zodiac Energy showed strong year-on-year growth across sales, EBITDA, and net profit, highlighting improved profitability. However, quarter-on-quarter declines reflect short-term volatility, possibly due to seasonality or market factors.
Nazara Technologies – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹499 Cr |
▲ 99% |
₹250 Cr |
▼ 4% |
₹520 Cr |
| EBITDA |
₹23.2 Cr |
▼ 4% |
₹24.2 Cr |
▼ 20% |
₹29.1 Cr |
| Net Profit |
₹51.3 Cr |
▲ 117%* |
₹23.6 Cr |
▲ 1161% |
₹4.07 Cr |
| EPS |
₹7.38 |
▲ 149% |
₹2.96 |
▲ 955% |
₹0.70 |
Verdict
Nazara delivered exceptional YoY growth in sales, net profit, and EPS, supported by strong operational momentum. However, sequential decline in revenue and EBITDA suggests short-term pressure, even as profitability remains robust.
NSDL – Q1 FY26 Earnings Highlights
Price: ₹1,289 | M.Cap: ₹25,776 Cr | PE: 78.6
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹312 Cr |
▼ 7% |
₹337 Cr |
▼ 14% |
₹364 Cr |
| EBITDA |
₹94.8 Cr |
▲ 18% |
₹80.5 Cr |
▲ 4% |
₹91.2 Cr |
| Net Profit |
₹89.6 Cr |
▲ 15% |
₹77.8 Cr |
▲ 8% |
₹83.3 Cr |
| EPS |
₹4.48 |
▲ 15% |
₹3.89 |
▲ 8% |
₹4.16 |
Verdict
NSDL posted robust year-on-year growth in profitability despite a dip in revenue, supported by margin expansion. Sequentially, earnings improved modestly, indicating resilience in operations amid softer sales.
Cochin Shipyard – Q1 FY26 Earnings Highlights
| Metric |
Value |
YoY Change |
YoY Base |
QoQ Change |
QoQ Base |
| Sales |
₹977 Cr |
▲ 38% |
₹710 Cr |
▼ 41% |
₹1,651 Cr |
| EBITDA |
₹234 Cr |
▲ 28% |
₹182 Cr |
▼ 8% |
₹253 Cr |
| Net Profit |
₹188 Cr |
▲ 4% |
₹181 Cr |
▼ 34% |
₹285 Cr |
| EPS |
₹7.14 |
▲ 4% |
₹6.87 |
▼ 34% |
₹10.82 |
Verdict
Cochin Shipyard posted solid year-on-year growth across revenue and operating profits, supported by higher execution. However, sequential numbers declined due to a high base in the previous quarter, indicating seasonal fluctuations in order delivery.
