Jindal Steel – Q2 FY26 Earnings Highlights
| Metric | Reported | YoY Change | YoY Base | Estimate (CNBC-TV18) | Beat/Miss |
|---|---|---|---|---|---|
| Revenue | ₹11,685 Cr | ▲ 4.2% | ₹11,213 Cr | ₹11,154.6 Cr | Beat |
| EBITDA | ₹2,080.5 Cr | ▼ 5.4% | ₹2,200 Cr | ₹1,962 Cr | Beat |
| EBITDA Margin | 17.8% | ▼ 182 bps | 19.62% | 17.6% | Beat |
| Net Profit | ₹638 Cr | ▼ 25.9% | ₹861 Cr | ₹640 Cr | In Line |
Verdict
Jindal Steel reported mixed Q2 FY26 results — while revenue beat expectations and margins held slightly better than forecast, profitability was impacted due to higher costs and weaker realizations. The decline in EBITDA and net profit signals margin pressure despite steady top-line growth.
Shree Cements – Q2 FY26 Earnings Highlights
Shree Cements reported a strong set of Q2 FY26 results, showcasing healthy year-on-year growth across all key financial parameters, though slightly below street estimates.
| Metric | Value | YoY Change | YoY Base | Poll Estimate | Miss/Beat |
|---|---|---|---|---|---|
| Revenue | ₹4,303 Cr | ▲ 15.5% | ₹3,727 Cr | ₹4,263 Cr | Beat |
| EBITDA | ₹851.8 Cr | ▲ 43.5% | ₹592.7 Cr | ₹938 Cr | Miss |
| EBITDA Margin | 19.8% | ▲ 390 bps | 15.9% | 22% | Miss |
| Net Profit | ₹277 Cr | ▲ 198% | ₹93 Cr | ₹349 Cr | Miss |
Verdict
Shree Cements delivered impressive year-on-year growth in revenue, EBITDA, and profitability, driven by better realizations and operational efficiency. However, margins and profit missed analyst estimates, suggesting some cost pressures. Overall, Q2 FY26 reflects strong performance momentum but slight moderation versus expectations.
TVS Motor – Q2 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | CNBC-TV18 Poll | Miss/Beat |
|---|---|---|---|---|---|
| Revenue | ₹11,905 Cr | ▲ 29% | ₹9,228 Cr | ₹11,758 Cr | Beat |
| EBITDA | ₹1,508 Cr | ▲ 40% | ₹1,080 Cr | ₹1,509 Cr | In-line |
| EBITDA Margin | 12.7% | ▲ from 11.7% | 11.7% | 12.8% | In-line |
| Net Profit | ₹906 Cr | ▲ 37% | ₹663 Cr | ₹953 Cr | Miss |
Verdict
TVS Motor delivered a robust operational performance in Q2 FY26, with strong revenue and EBITDA growth supported by improved margins. While net profit was marginally below estimates, the overall results highlight continued business momentum and operational efficiency.
Go Digit General – Q2 FY26 Earnings Highlights
Price: ₹361 | M.Cap: ₹33,343 Cr | P/E: 65.6
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,488 Cr | ▲ 11% | ₹2,234 Cr | ▲ 11% | ₹2,236 Cr |
| EBITDA | ₹135 Cr | ▲ 51% | ₹89.4 Cr | ▼ 15% | ₹159 Cr |
| Net Profit | ₹136 Cr | ▲ 52% | ₹89.5 Cr | ▼ 1% | ₹138 Cr |
| EPS | ₹1.47 | ▲ 52% | ₹0.97 | ▼ 2% | ₹1.50 |
Verdict
Go Digit General delivered a robust year-on-year performance with double-digit growth in sales and profitability, reflecting strong business momentum. However, EBITDA and net profit saw a mild sequential decline, indicating short-term cost pressures or normalization after a strong Q1. Overall, the company continues to demonstrate operational strength and consistent profitability.
Blue Dart Express – Q2 FY26 Earnings Highlights
Price: ₹5,538 | M.Cap: ₹13,138 Cr | P/E: 49.3
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,549 Cr | ▲ 7% | ₹1,448 Cr | ▲ 7% | ₹1,442 Cr |
| EBITDA | ₹252 Cr | ▲ 16% | ₹218 Cr | ▲ 29% | ₹196 Cr |
| Net Profit | ₹81.4 Cr | ▲ 30% | ₹62.8 Cr | ▲ 67% | ₹48.8 Cr |
| EPS | ₹34.30 | ▲ 30% | ₹26.48 | ▲ 67% | ₹20.58 |
Verdict
Blue Dart Express delivered a robust quarter with double-digit growth in profitability both YoY and QoQ. Strong EBITDA margins and higher earnings indicate operational leverage and healthy demand recovery in the express logistics segment for Q2 FY26.
DCM Shriram – Q2 FY26 Earnings Highlights
Price: ₹1,302 | M.Cap: ₹20,323 Cr | P/E: 28.5
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,272 Cr | ▲ 11% | ₹2,957 Cr | ▲ 0% | ₹3,262 Cr |
| EBITDA | ₹309 Cr | ▲ 71% | ₹181 Cr | ▲ 2% | ₹304 Cr |
| Net Profit | ₹159 Cr | ▲ 151% | ₹62.9 Cr | ▲ 39% | ₹114 Cr |
| EPS | ₹10.13 | ▲ 151% | ₹4.03 | ▲ 39% | ₹7.27 |
Verdict
DCM Shriram posted a sharp rebound in profitability, with EBITDA and net profit more than doubling year-on-year. Sequentially, the company sustained its margin expansion and strong earnings momentum, reflecting resilience in operations and improved business mix in Q2 FY26.
ICRA – Q2 FY26 Earnings Highlights
Price: ₹6,292 | M.Cap: ₹6,052 Cr | P/E: 32.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹137 Cr | ▲ 8% | ₹126 Cr | ▲ 10% | ₹124 Cr |
| EBITDA | ₹48.5 Cr | ▲ 18% | ₹41.3 Cr | ▲ 22% | ₹39.8 Cr |
| Net Profit | ₹48.0 Cr | ▲ 30% | ₹37.1 Cr | ▲ 12% | ₹42.8 Cr |
| EPS | ₹49.54 | ▲ 30% | ₹38.05 | ▲ 13% | ₹43.97 |
Verdict
ICRA reported strong Q2 FY26 results with robust year-on-year growth across all key metrics. The company demonstrated consistent quarter-on-quarter improvement in profitability, driven by healthy revenue growth and efficient cost management. Overall, performance highlights steady business momentum and margin expansion.
Adani Total Gas – Q2 FY26 Earnings Highlights
Price: ₹621 | M.Cap: ₹68,260 Cr | P/E: 109.1
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,451 Cr | ▲ 19% | ₹1,219 Cr | ▲ 5% | ₹1,379 Cr |
| EBITDA | ₹295 Cr | ▼ 3% | ₹306 Cr | ▲ 1% | ₹293 Cr |
| Net Profit | ₹163 Cr | ▼ 12% | ₹186 Cr | ▼ 1% | ₹165 Cr |
| EPS | ₹1.49 | ▼ 12% | ₹1.69 | ▼ 1% | ₹1.50 |
Verdict
Adani Total Gas posted robust top-line growth, reflecting steady demand recovery in the city gas segment. However, higher input costs and margin pressure led to a decline in EBITDA and net profit on a yearly basis. Sequentially, performance remained largely stable, indicating near-term consolidation before further growth momentum.
TVS Holdings – Q2 FY26 Earnings Highlights
Price: ₹15,339 | M.Cap: ₹30,997 Cr | P/E: 21.5
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹14,549 Cr | ▲ 26% | ₹11,554 Cr | ▲ 14% | ₹12,742 Cr |
| EBITDA | ₹2,261 Cr | ▲ 35% | ₹1,677 Cr | ▲ 13% | ₹2,002 Cr |
| Net Profit | ₹880 Cr | ▲ 59% | ₹599 Cr | ▲ 30% | ₹675 Cr |
| EPS | ₹219.24 | ▲ 59% | ₹137.76 | ▲ 32% | ₹166.11 |
Verdict
TVS Holdings delivered another strong quarter, with robust year-on-year and sequential growth across all key metrics. The company’s consistent improvement in sales and profitability underscores its operational efficiency and sustained business momentum in Q2 FY26.
Adani Green – Q2 FY26 Earnings Highlights
Price: ₹1,004 | M.Cap: ₹1,62,981 Cr | P/E: 74.4
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,008 Cr | ▲ 0% | ₹3,005 Cr | ▼ 21% | ₹3,800 Cr |
| EBITDA | ₹2,603 Cr | ▲ 17% | ₹2,217 Cr | ▼ 14% | ₹3,042 Cr |
| Net Profit | ₹644 Cr | ▲ 103% | ₹315 Cr | ▼ 22% | ₹824 Cr |
| EPS | ₹3.59 | ▲ 106% | ₹1.74 | ▼ 18% | ₹4.39 |
Verdict
Adani Green delivered strong year-on-year growth in profitability, driven by higher operating efficiency and lower finance costs. However, the sequential decline in revenue and earnings reflects seasonality and softer generation in the quarter. Overall, the company maintains healthy margins and a solid long-term growth outlook in renewables.
Tata Capital – Q2 FY26 Earnings Highlights
Price: ₹331 | Market Cap: ₹1,40,569 Cr | P/E: 38.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹7,737 Cr | ▲ 8% | ₹7,185 Cr | ▲ 1% | ₹7,665 Cr |
| EBITDA | ₹5,602 Cr | ▲ 6% | ₹5,270 Cr | ▲ 1% | ₹5,539 Cr |
| Net Profit | ₹1,119 Cr | ▼ 1% | ₹1,133 Cr | ▲ 7% | ₹1,041 Cr |
| EPS | ₹2.72 | ▼ 5% | ₹2.87 | ▲ 10% | ₹2.48 |
Verdict
Tata Capital delivered a stable Q2 FY26 performance with modest revenue and EBITDA growth both YoY and QoQ. Despite a slight YoY dip in net profit and EPS, the company’s sequential improvement indicates a healthy operational trajectory. Strong fundamentals and improving profitability trends position Tata Capital well for sustained growth.
Mahindra & Mahindra Financial Services – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹5,026 Cr | ▲ 13% | ₹4,465 Cr | ▲ 1% | ₹4,991 Cr |
| EBITDA | ₹3,012 Cr | ▲ 14% | ₹2,636 Cr | ▼ 0% | ₹3,026 Cr |
| Net Profit | ₹566 Cr | ▲ 45% | ₹390 Cr | ▲ 7% | ₹529 Cr |
| EPS | ₹4.06 | ▲ 45% | ₹2.80 | ▲ 7% | ₹3.80 |
Verdict
Mahindra Finance posted strong year-on-year growth in profitability, supported by steady revenue momentum and improved asset quality. While EBITDA remained stable sequentially, net profit showed a healthy QoQ rise, indicating better operating leverage and margin resilience.
TTK Prestige – Q2 FY26 Earnings Highlights
Price: ₹716 | Market Cap: ₹9,972 Cr | P/E: 61.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹834 Cr | ▲ 11% | ₹750 Cr | ▲ 37% | ₹609 Cr |
| EBITDA | ₹96.5 Cr | ▲ 33% | ₹72.5 Cr | ▲ 139% | ₹40.4 Cr |
| Net Profit | ₹63.2 Cr | ▲ 22% | ₹52.2 Cr | ▲ 147% | ₹25.6 Cr |
| EPS | ₹4.63 | ▲ 22% | ₹3.81 | ▲ 141% | ₹1.92 |
Verdict
TTK Prestige delivered strong Q2 FY26 results with solid year-on-year and exceptional quarter-on-quarter growth across all key metrics. The sharp sequential recovery in EBITDA and net profit highlights improved operating leverage, festive-season demand buildup, and efficient cost management. The company continues to maintain robust fundamentals in the consumer durables segment.
Newgen Software – Q2 FY26 Earnings Highlights
Price: ₹997 | Market Cap: ₹14,117 Cr | P/E: 42.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹401 Cr | ▲ 11% | ₹361 Cr | ▲ 25% | ₹321 Cr |
| EBITDA | ₹102 Cr | ▲ 23% | ₹83 Cr | ▲ 127% | ₹45 Cr |
| Net Profit | ₹81.7 Cr | ▲ 16% | ₹70.3 Cr | ▲ 64% | ₹49.7 Cr |
| EPS | ₹5.77 | ▲ 15% | ₹5.01 | ▲ 64% | ₹3.51 |
Verdict
Newgen Software delivered a robust Q2 FY26 performance with double-digit year-on-year growth across key metrics. Sequentially, EBITDA and net profit surged sharply, reflecting strong operational leverage and margin recovery. The results highlight continued demand for its digital transformation solutions and improved profitability momentum.
Dynamic Cables – Q2 FY26 Earnings Highlights
Price: ₹413 | Market Cap: ₹1,998 Cr | P/E: 25.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹282 Cr | ▲ 20% | ₹234 Cr | ▲ 8% | ₹262 Cr |
| EBITDA | ₹30.8 Cr | ▲ 30% | ₹23.7 Cr | ▲ 14% | ₹26.9 Cr |
| Net Profit | ₹19.6 Cr | ▲ 42% | ₹13.8 Cr | ▲ 8% | ₹18.2 Cr |
| EPS | ₹4.05 | ▲ 42% | ₹2.86 | ▲ 8% | ₹3.75 |
Verdict
Dynamic Cables reported another strong quarter with robust year-on-year growth across all metrics. The company maintained its growth momentum sequentially, supported by improved operating efficiency and strong demand in the cables segment.
CarTrade Tech – Q2 FY26 Earnings Highlights
Price: ₹3,135 | Market Cap: ₹14,934 Cr | P/E: 79.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹193 Cr | ▲ 25% | ₹154 Cr | ▲ 12% | ₹173 Cr |
| EBITDA | ₹63.6 Cr | ▲ 94% | ₹32.7 Cr | ▲ 46% | ₹43.5 Cr |
| Net Profit | ₹64.1 Cr | ▲ 114% | ₹30.7 Cr | ▲ 36% | ₹47.1 Cr |
| EPS | ₹12.53 | ▲ 113% | ₹5.89 | ▲ 39% | ₹9.03 |
Verdict
CarTrade Tech delivered an exceptional Q2 FY26 performance with robust year-on-year and quarter-on-quarter growth across all key metrics. The company’s strong profitability and margin expansion highlight the continued operational efficiency and platform strength driving growth momentum in the auto digital ecosystem.
