NTPC – Q2 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | CNCB-TV18 Estimate | Miss / Beat |
|---|---|---|---|---|---|
| Net Profit | ₹4,653 Cr | ▲ 0.11% | ₹4,648 Cr | ₹4,654.4 Cr | In line |
| Revenue | ₹39,166 Cr | ▼ 2.9% | ₹40,337 Cr | ₹39,050 Cr | Beat |
| EBITDA | ₹10,019 Cr | ▲ 3.4% | ₹9,685.9 Cr | ₹9,951 Cr | Beat |
| EBITDA Margin | 25.6% | ↑ from 24% | 24% | 25.4% | Beat |
Verdict
NTPC delivered a steady quarter with results broadly in line with expectations. EBITDA and margins improved year-on-year, reflecting operational efficiency, though revenue remained slightly lower due to softer realizations. Overall, performance indicates continued stability in the company’s core operations.
Pidilite Industries – Q2 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | CNBC-TV18 Estimate | Miss / Beat |
|---|---|---|---|---|---|
| Net Profit | ₹584.6 Cr | ▲ 8.2% | ₹540.3 Cr | ₹608 Cr | Miss |
| Revenue | ₹3,554 Cr | ▲ 9.9% | ₹3,235 Cr | ₹3,525 Cr | Beat |
| EBITDA | ₹850 Cr | ▲ 10.5% | ₹769 Cr | ₹853 Cr | Miss |
| EBITDA Margin | 23.9% | ▲ 0.1% | 23.8% | 24.2% | Miss |
Verdict
Pidilite delivered a solid quarter with double-digit growth in EBITDA and revenue, supported by stable margins. The results were broadly in line with expectations, underscoring steady demand and continued cost discipline across its consumer and industrial product segments.
United Spirits – Q2 FY26 Earnings Highlights (Consolidated)
United Spirits delivered a strong Q2 FY26 performance, surpassing CNBC-TV18 estimates across all key parameters, reflecting improved operational efficiency and sustained demand momentum.
| Metric | Reported | YoY Change | YoY Base | Estimate (CNBC-TV18) | Miss/Beat |
|---|---|---|---|---|---|
| Revenue | ₹3,173 Cr | ▲ 11.6% | ₹2,844 Cr | ₹3,080 Cr | Beat |
| EBITDA | ₹660 Cr | ▲ 31.5% | ₹502 Cr | ₹552 Cr | Beat |
| EBITDA Margin | 20.8% | ▲ from 17.7% | 17.7% | 17.9% | Beat |
| Net Profit | ₹464 Cr | ▲ 36.1% | ₹341 Cr | ₹387 Cr | Beat |
Verdict
United Spirits posted a robust quarterly performance with healthy double-digit revenue and profit growth, supported by strong premium segment traction and margin expansion. The results comfortably beat estimates, highlighting efficient cost management and an improved product mix.
ITC – Q2 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | Poll Estimate | Miss / Beat |
|---|---|---|---|---|---|
| Net Profit | ₹5,180 Cr | ▲ 2% | ₹5,078 Cr | ₹5,062 Cr | Beat |
| Revenue | ₹18,021 Cr | ▼ 3.4% | ₹18,648 Cr | ₹19,220 Cr | Miss |
| EBITDA | ₹6,252 Cr | ▲ 2.1% | ₹6,123 Cr | ₹6,290 Cr | Miss (slightly) |
| EBITDA Margin | 34.7% | ▲ (YoY 32.8%) | 32.8% | 32.7% | Beat |
Verdict
ITC’s Q2 FY26 results reflect resilient profitability despite revenue softness. The company managed to expand margins and deliver steady EBITDA growth, indicating strong cost management and a favorable product mix even amid muted topline performance.
Dabur – Q2 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | Poll Estimate (CNBC-TV18) | Miss / Beat |
|---|---|---|---|---|---|
| Net Profit | ₹444.8 Cr | ▲ 6.5% | ₹417.5 Cr | ₹450 Cr | Miss |
| Revenue | ₹3,191.3 Cr | ▲ 5.4% | ₹3,029 Cr | ₹3,210 Cr | Miss |
| EBITDA | ₹588.7 Cr | ▲ 6.6% | ₹552.5 Cr | ₹585 Cr | Beat |
| EBITDA Margin | 18.4% | ▲ (vs 18.2%) | 18.2% | 18.2% | Beat |
Verdict
Dabur delivered a healthy performance in Q2 FY26 with consistent growth across revenue, EBITDA, and net profit. Margins improved slightly year-on-year, supported by cost efficiencies and stable pricing. While revenue and profit were marginally below estimates, operational performance remained solid overall.
Hyundai Motor – Q2 FY26 Earnings Highlights
Hyundai Motor reported a steady quarter with moderate revenue growth and healthy improvement in profitability, exceeding analyst expectations on key metrics.
| Metric | Actual | YoY Change | YoY Base | CNBC-TV18 Estimate | Miss/Beat |
|---|---|---|---|---|---|
| Net Profit | ₹1,572 Cr | ▲ 14.3% | ₹1,376 Cr | ₹1,518 Cr | Beat |
| Revenue | ₹17,461 Cr | ▲ 1.2% | ₹17,260 Cr | ₹17,532 Cr | Miss |
| EBITDA | ₹2,430 Cr | ▲ 10% | ₹2,205 Cr | ₹2,380 Cr | Beat |
| EBITDA Margin | 13.90% | ▲ from 12.80% | 12.80% | 13.60% | Beat |
Verdict
Hyundai Motor delivered a resilient Q2 performance, with profit and margins expanding despite modest revenue growth. The company outperformed street estimates on EBITDA and net profit, reflecting improved cost efficiency and operational strength.
Cipla – Q2 FY26 Earnings Highlights
Cipla reported a steady Q2 performance, broadly in line with CNBC-TV18 estimates, with moderate year-on-year revenue growth but stable profitability.
| Metric | Actual | YoY Change | YoY Base | CNBC-TV18 Poll | Miss / Beat |
|---|---|---|---|---|---|
| Revenue | ₹7,589 Cr | ▲ 7.6% | ₹7,051 Cr | ₹7,370 Cr | Beat |
| EBITDA | ₹1,894 Cr | ▲ 0.5% | ₹1,886 Cr | ₹1,882 Cr | Beat |
| EBITDA Margin | 25% | ▼ from 26.7% | 26.7% | 25.5% | Miss |
| Net Profit | ₹1,351 Cr | ▲ 3.8% | ₹1,303 Cr | ₹1,348 Cr | Beat |
Verdict
Cipla delivered an in-line quarter with healthy revenue growth and stable operational performance. Margins softened slightly year-on-year due to input cost pressures, but overall profitability remained strong, supported by solid topline momentum.
Union Bank – Q2 FY26 Earnings Highlights
| Metric | Reported | YoY Change | YoY Base | QoQ Change | QoQ Base | Estimates / Miss-Beat |
|---|---|---|---|---|---|---|
| Net Profit | ₹4,249 Cr | ▼ 10% | ₹4,720 Cr | – | – | Beat (Est. ₹3,528 Cr) |
| Net Interest Income (NII) | ₹8,812 Cr | ▼ 2.6% | ₹9,047 Cr | – | – | Beat (Est. ₹8,744 Cr) |
| Gross NPA | 3.29% | – | – | ▼ from 3.52% | 3.52% | Improved QoQ |
| Net NPA | 0.55% | – | – | ▼ from 0.62% | 0.62% | Improved QoQ |
Verdict
Union Bank delivered an above-estimate profit despite muted income growth and a year-on-year decline in profitability. Asset quality continued to improve sequentially, reflecting better credit discipline and lower slippages, even as margins remained under slight pressure.
Canara Bank-Q2FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base | Miss / Beat |
|---|---|---|---|---|---|---|
| Net Profit | ₹4,774 Cr | ▲ 19% | ₹4,014 Cr | — | — | Beat |
| Net Interest Income (NII) | ₹9,141 Cr | ▼ 2% | ₹9,315 Cr | — | — | Miss |
| Gross NPA | 2.35% | — | — | ▼ from 2.69% | 2.69% | Beat |
| Net NPA | 0.54% | — | — | ▼ from 0.63% | 0.63% | Beat |
| Provisions | ₹2,354 Cr | ▲ from ₹2,251.3 Cr | ₹2,251.3 Cr | ▲ from ₹2,351 Cr | ₹2,351 Cr | Neutral |
Verdict
Canara Bank delivered solid profitability in Q2 FY26, driven by lower slippages and improved asset quality. However, the dip in NII indicates some margin pressure. Overall, the bank maintained a strong operational footing with consistent asset quality gains and healthy earnings momentum.
Bandhan Bank – Q2 FY26 Earnings Highlights
Bandhan Bank reported a weak Q2 FY26 performance, missing CNBC-TV18 estimates on both profit and NII. Elevated provisions and marginal asset quality deterioration impacted profitability, though the bank remains optimistic about a recovery ahead.
| Metric | Q2 FY26 | YoY Change | YoY Base | Estimate (CNBC-TV18) | Miss/Beat |
|---|---|---|---|---|---|
| Net Profit | ₹112 Cr | ▼ 88% | ₹937 Cr | ₹313 Cr | Miss |
| Net Interest Income (NII) | ₹2,588.6 Cr | ▼ 11.8% | ₹2,934 Cr | ₹2,643 Cr | Miss |
| Provisions | ₹1,153 Cr | — | ₹1,146 Cr (QoQ) | — | — |
| Gross NPA | 5.02% | ▲ from 4.96% QoQ | 4.96% | — | — |
| Net NPA | 1.37% | ▲ from 1.36% QoQ | 1.36% | — | — |
Guidance & Outlook
- Loan book expected to reach ₹1.4 lakh crore 📈
- AUM growth guided at 10–12% 🚀
- Secured loan mix increased to 54.9% 🏦
- GNPA expected to stay around 5% ⚖️
- Focus on non-East diversification & digital onboarding 💻
- Retail deposits grew ▲ 16% YoY 💰
- Bank aims to regain ROA of 1%+ by FY27 🎯
Verdict
While Q2 FY26 was subdued due to higher provisions and weaker NII, Bandhan Bank’s strategic shift towards secured lending, geographic diversification, and digital focus supports a gradual turnaround. Management’s medium-term guidance indicates a rebound trajectory into FY26–27.
Carborundum Universal – Q2 FY26 Earnings Highlights
CMP: ₹925 Market Cap: ₹17,619 Cr P/E: 70.5
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,298 Cr | ▲ 6% | ₹1,224 Cr | ▲ 6% | ₹1,219 Cr |
| EBITDA | ₹156 Cr | ▼ 20% | ₹195 Cr | ▲ 29% | ₹121 Cr |
| Net Profit | ₹74.3 Cr | ▼ 36% | ₹116 Cr | ▲ 23% | ₹60.4 Cr |
| EPS | ₹3.91 | ▼ 36% | ₹6.09 | ▲ 20% | ₹3.25 |
Verdict
Carborundum Universal posted steady sequential recovery in Q2 FY26, aided by better operational efficiency, though year-on-year profitability remained under pressure due to higher costs and weaker margins. The company’s resilient topline growth and improving quarterly trend indicate gradual stabilization ahead.
Datamatics Global – Q2 FY26 Earnings Highlights
CMP: ₹977 | Market Cap: ₹5,792 Cr | P/E: 28.4
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹490 Cr | ▲ 21% | ₹407 Cr | ▲ 5% | ₹468 Cr |
| EBITDA | ₹88.8 Cr | ▲ 82% | ₹48.8 Cr | ▲ 17% | ₹75.9 Cr |
| Net Profit | ₹63.4 Cr | ▲ 49% | ₹42.2 Cr | ▲ 26% | ₹50.4 Cr |
| EPS | ₹10.69 | ▲ 49% | ₹7.18 | ▲ 26% | ₹8.51 |
Verdict
Datamatics Global delivered an impressive Q2 FY26 performance with robust year-on-year growth across all key metrics. EBITDA surged sharply, indicating strong margin expansion, while sequential gains in profitability reflect consistent operational efficiency and business momentum.
DLF – Q2 FY26 Earnings Highlights
CMP: ₹777 | Market Cap: ₹1,92,072 Cr | P/E: 49.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,643 Cr | ▼ 17% | ₹1,975 Cr | ▼ 39% | ₹2,717 Cr |
| EBITDA | ₹284 Cr | ▼ 44% | ₹502 Cr | ▼ 22% | ₹364 Cr |
| Net Profit | ₹1,180 Cr | ▼ 27% | ₹1,381 Cr | ▲ 55% | ₹763 Cr |
| EPS | ₹4.77 | ▼ 15% | ₹5.58 | ▲ 55% | ₹3.08 |
Verdict
DLF’s Q2 FY26 results showed a sharp YoY decline in sales and operating performance, mainly due to a high base and slower project recognition. However, net profit and EPS improved significantly on a sequential basis, supported by stronger margins and improved efficiency. The company maintains healthy profitability and strong demand momentum in its residential segment.
Swiggy – Q2 FY26 Earnings Highlights
CMP: ₹418 | Market Cap: ₹1,04,222 Cr
| Metric | Value (Q2 FY26) | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹5,561 Cr | ▲ 54% | ₹3,601 Cr | ▲ 12% | ₹4,961 Cr |
| EBITDA | ₹-799 Cr | ▼ 44% | ₹-554 Cr | ▲ 16% | ₹-955 Cr |
| Net Profit | ₹-1,092 Cr | ▼ 75% | ₹-626 Cr | ▲ 9% | ₹-1,197 Cr |
| EPS | ₹-4.38 | ▲ 93% | ₹-62.75 | ▲ 9% | ₹-4.80 |
Segment Highlights
- 👉 Quick Commerce revenue surged to ₹980 Cr vs ₹490 Cr YoY, reflecting 100% growth.
- 👉 Food Delivery revenue rose 22% YoY to ₹1,923 Cr vs ₹1,577 Cr, showing steady recovery in core operations.
Verdict
Swiggy delivered robust top-line growth in Q2 FY26, driven by strong traction in its quick commerce vertical and healthy growth in food delivery. However, losses widened year-on-year due to higher expenses and investments in scaling operations, though sequential improvement in EBITDA and net profit indicates progress toward profitability.
Gillette India – Q1 FY26 Earnings Highlights
CMP: ₹9,104 | Market Cap: ₹29,712 Cr | P/E: 51.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹811 Cr | ▲ 4% | ₹782 Cr | ▲ 15% | ₹707 Cr |
| EBITDA | ₹208 Cr | ▲ 9% | ₹190 Cr | ▼ 1% | ₹210 Cr |
| Net Profit | ₹144 Cr | ▲ 8% | ₹133 Cr | ▼ 1% | ₹146 Cr |
| EPS | ₹44.08 | ▲ 8% | ₹40.82 | ▼ 1% | ₹44.71 |
Verdict
Gillette India delivered steady year-on-year growth across all key metrics, supported by strong brand momentum and operational efficiency. However, sequential softness in EBITDA and net profit indicates slight margin pressure. Overall, the company remains on a consistent growth path with healthy profitability.
Birla Cable – Q2 FY26 Earnings Highlights
CMP: ₹168 | Market Cap: ₹504 Cr | PE: 100.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹176 Cr | ▼ 3% | ₹182 Cr | Flat | ₹176 Cr |
| EBITDA | ₹7.20 Cr | ▼ 23% | ₹9.36 Cr | ▼ 8% | ₹7.82 Cr |
| Net Profit | ₹0.69 Cr | ▼ 66% | ₹2.00 Cr | ▼ 49% | ₹1.34 Cr |
| EPS | ₹0.23 | ▼ 66% | ₹0.67 | ▼ 49% | ₹0.45 |
Verdict
Birla Cable delivered a weak Q2 FY26 performance with muted topline and a sharp decline in profitability. Margins and net profit contracted significantly despite stable revenue. Higher costs and subdued demand impacted profitability, indicating near-term pressure on earnings momentum.
Navin Fluorine International – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹758 Cr | ▲ 46% | ₹519 Cr | ▲ 5% | ₹725 Cr |
| EBITDA | ₹246 Cr | ▲ 129% | ₹107 Cr | ▲ 19% | ₹207 Cr |
| Net Profit | ₹148 Cr | ▲ 152% | ₹58.8 Cr | ▲ 26% | ₹117 Cr |
| EPS | ₹28.96 | ▲ 144% | ₹11.86 | ▲ 23% | ₹23.62 |
Verdict
Navin Fluorine International delivered a stellar Q2 FY26 performance, marked by strong double-digit growth across all key financial metrics on a year-on-year basis, supported by robust demand recovery and improved operating leverage. The company reported exceptional growth, with profits more than doubling YoY and consistent QoQ improvement — reflecting strong execution, margin expansion, and positive momentum across business segments.
Coromandel International – Q2 FY26 Earnings Highlights
Price: ₹2,174 | Market Cap: ₹64,152 Cr | P/E: 30.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹9,654 Cr | ▲ 30% | ₹7,433 Cr | ▲ 37% | ₹7,042 Cr |
| EBITDA | ₹1,147 Cr | ▲ 19% | ₹962 Cr | ▲ 47% | ₹782 Cr |
| Net Profit | ₹793 Cr | ▲ 21% | ₹659 Cr | ▲ 58% | ₹502 Cr |
| EPS | ₹27.31 | ▲ 21% | ₹22.55 | ▲ 59% | ₹17.13 |
Verdict
Coromandel International delivered a strong Q2 FY26 performance with robust double-digit year-on-year growth across all key metrics. Sequentially, profitability and margins improved sharply, driven by healthy fertilizer demand and improved operating efficiencies. The results highlight continued strength in the agri-inputs business and effective cost management.
TD Power Systems – Q2 FY26 Earnings Highlights
Price: ₹684 | Market Cap: ₹10,688 Cr | P/E: 51.3
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹452 Cr | ▲ 48% | ₹306 Cr | ▲ 22% | ₹372 Cr |
| EBITDA | ₹82.6 Cr | ▲ 49% | ₹55.6 Cr | ▲ 20% | ₹68.8 Cr |
| Net Profit | ₹60.2 Cr | ▲ 46% | ₹41.3 Cr | ▲ 20% | ₹50.1 Cr |
| EPS | ₹3.85 | ▲ 46% | ₹2.64 | ▲ 20% | ₹3.21 |
Verdict
TD Power Systems reported yet another quarter of impressive growth, with both revenue and profitability expanding sharply year-on-year and sequentially. The company’s consistent margin performance and earnings trajectory underline strong execution and healthy demand visibility across its key segments.
Gravita India – Q2 FY26 Earnings Highlights
Gravita India delivered a strong Q2 FY26 performance with robust year-on-year growth across key financial metrics, led by significant improvement in operating efficiency and profitability.
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Revenue | ₹1,036 Cr | ▲ 12% | ₹927 Cr | ⚖️ Flat | – |
| EBITDA | ₹102 Cr | ▲ 62% | ₹63 Cr | ▲ 2% | ₹100 Cr |
| EBITDA Margin | 9.85% | ▲ from 6.81% | 6.81% | 9.6% | 9.6% |
| Net Profit | ₹95.96 Cr | ▲ 33% | ₹72 Cr | ▲ 3% | ₹93 Cr |
Verdict
Gravita India showcased solid financial momentum in Q2 FY26, driven by higher operational efficiency and improved margins. The company’s continued focus on value-added products and better cost management supported strong profitability growth, maintaining a steady performance on a sequential basis.
Grindwell Norton – Q2 FY26 Earnings Highlights
Grindwell Norton posted a healthy performance in Q2 FY26 with steady year-on-year growth across key financial metrics, driven by consistent demand and operational efficiency.
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹775 Cr | ▲ 12% | ₹694 Cr | ▲ 10% | ₹703 Cr |
| EBITDA | ₹141 Cr | ▲ 9% | ₹129 Cr | ▲ 8% | ₹130 Cr |
| Net Profit | ₹107 Cr | ▲ 11% | ₹97.1 Cr | ▲ 13% | ₹94.4 Cr |
| EPS | ₹9.65 | ▲ 11% | ₹8.69 | ▲ 13% | ₹8.53 |
Verdict
Grindwell Norton delivered a strong and stable Q2 FY26 performance with double-digit growth in revenue and profitability both YoY and QoQ. The results highlight resilient demand, margin stability, and continued earnings momentum, reflecting the company’s solid market positioning and operational execution.
Jain Irrigation – Q2 FY26 Earnings Highlights
Jain Irrigation delivered a strong performance in Q2 FY26 with robust year-on-year growth across key financial metrics, supported by improved operating efficiency and profitability turnaround.
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,432 Cr | ▲ 20% | ₹1,192 Cr | ▼ 7% | ₹1,546 Cr |
| EBITDA | ₹198 Cr | ▲ 43% | ₹139 Cr | ⚖️ Flat | ₹201 Cr |
| Net Profit | ₹15.3 Cr | ▲ 255% | ₹-13.2 Cr | ▲ 37% | ₹11.2 Cr |
| EPS | ₹0.21 | ▲ 240% | ₹-0.15 | ▲ 11% | ₹0.19 |
Verdict
Jain Irrigation reported a strong rebound in profitability with a significant turnaround from losses last year. Despite a mild sequential decline in revenue, margins remained resilient, and the company’s improved operational performance underscores a steady recovery trend in FY26.
Adani Power – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹13,457 Cr | ▲ 1% | ₹13,339 Cr | ▼ 5% | ₹14,109 Cr |
| EBITDA | ₹5,150 Cr | ▼ 2% | ₹5,276 Cr | ▼ 9% | ₹5,685 Cr |
| Net Profit | ₹2,906 Cr | ▼ 11% | ₹3,298 Cr | ▼ 12% | ₹3,305 Cr |
| EPS | ₹1.53 | ▼ 12% | ₹1.73 | ▼ 13% | ₹1.76 |
Verdict
Adani Power delivered a steady top-line performance in Q2 FY26, but profitability saw mild compression due to higher operating costs and softer realizations. Despite the near-term moderation, the company remains fundamentally strong with sustained operational scale and long-term growth visibility in India’s power demand sector.
Bhansali Engineering – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹325 Cr | ▼ 11% | ₹367 Cr | ▲ 6% | ₹308 Cr |
| EBITDA | ₹49.1 Cr | ▼ 7% | ₹53.0 Cr | ▼ 7% | ₹52.6 Cr |
| Net Profit | ₹40.4 Cr | ▼ 13% | ₹46.3 Cr | ▼ 12% | ₹45.9 Cr |
| EPS | ₹1.63 | ▼ 12% | ₹1.86 | ▼ 11% | ₹1.84 |
Verdict
Bhansali Engineering reported a muted performance in Q2 FY26, with year-on-year declines across all key metrics amid lower realizations and soft demand. Sequential moderation in profitability indicates near-term pressure, though the company remains fundamentally strong with steady cash flows and low valuation
Railtel Corporation – Q2 FY26 Earnings Highlights
(CMP: ₹372 | M.Cap: ₹11,929 Cr | P/E: 36.9x)
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹951 Cr | ▲ 13% | ₹843 Cr | ▲ 28% | ₹744 Cr |
| EBITDA | ₹154 Cr | ▲ 19% | ₹129 Cr | ▲ 33% | ₹116 Cr |
| Net Profit | ₹76.1 Cr | ▲ 5% | ₹72.6 Cr | ▲ 15% | ₹66.1 Cr |
| EPS | ₹2.37 | ▲ 5% | ₹2.26 | ▲ 15% | ₹2.06 |
Verdict
Railtel reported consistent growth with double-digit improvement in sales and EBITDA, while profit and EPS remained steady. The strong sequential rebound highlights operational resilience and sustained traction in its digital infrastructure and connectivity services business.
Everest Industries – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹306 Cr | ▼ 19% | ₹377 Cr | ▼ 39% | ₹501 Cr |
| EBITDA | ₹-9.01 Cr | ▼ 430% | ₹-1.70 Cr | ▼ 155% | ₹16.4 Cr |
| Net Profit | ₹-18.2 Cr | ▼ 56% | ₹-11.7 Cr | ▼ 1,217% | ₹1.63 Cr |
| EPS | ₹-11.46 | ▼ 55% | ₹-7.38 | ▼ 1,211% | ₹1.03 |
Verdict
Everest Industries faced a challenging Q2 FY26, marked by sharp revenue contraction and a return to operating losses. Both YoY and QoQ performance weakened due to muted demand and margin pressures, leading to a significant decline in profitability.
LIC Housing Finance – Q2 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹7,179 Cr | ▲ 3% | ₹6,938 Cr | ▼ 1% | ₹7,250 Cr |
| EBITDA | ₹6,729 Cr | ▲ 2% | ₹6,566 Cr | ▼ 1% | ₹6,775 Cr |
| Net Profit | ₹1,349 Cr | ▲ 2% | ₹1,328 Cr | ▼ 1% | ₹1,364 Cr |
| EPS | ₹24.53 | ▲ 2% | ₹24.14 | ▼ 1% | ₹24.80 |
Verdict
LIC Housing Finance delivered a stable performance in Q2 FY26 with marginal year-on-year growth across key financial parameters. While sequential numbers showed a slight dip, consistent earnings and a low valuation (PE 5.7x, M.Cap ₹31,381 Cr, Price ₹570) underline the company’s operational stability and healthy long-term outlook.
