Q2 FY26 earnings calls.

Axis Bank reported a steady Q2 FY26 with PAT of INR 5,090 crore, though net interest margin declined to 3.73% due to rate cuts. Advances grew 12% YoY and deposits 11% YoY, with market share gains. Credit card portfolio c

Azad Engineering delivered a record Q2 FY26 with revenue of ₹142.67 crore (+28.1% YoY) and PAT of ₹33 crore (+57% YoY), driven by robust order inflows and operational efficiencies from domestic sourcing. EBITDA margin im

Baazar Style Retail delivered a stellar Q2 FY26 with revenue surging 71% YoY to ₹532 crore and EBITDA jumping 184% YoY to ₹69 crore, driven by early festival demand and strong execution. Same-store sales growth of 22% an

Bajaj Auto delivered a record quarter with revenue of ~INR 15,000 crore (+14% YoY), EBITDA of INR 3,000 crore (margin 20.5%), and PAT of INR 2,500 crore (+24% YoY). Growth was broad-based: exports surged 24% with 550k+ u

Bajaj Finance reported a mixed Q2 FY26 with AUM growth of 24% to INR 4,62,261 crore, but credit cost remained elevated at 2.05% of AUM, leading to a revised full-year credit cost guidance to the upper end of 1.85%-1.95%.

Bajaj Finserv reported a solid Q2 FY26 with consolidated total income up 11% to ₹37,400 crore and PAT up 8% to ₹2,244 crore (12% ex-MTM). The life insurance arm (Bajaj Life) delivered a standout performance: VNB surged 5

Bajaj Housing Finance reported a stable Q2 FY26 with AUM growth of 24% YoY to INR 1,26,749 crore and PAT growth of 18% YoY to INR 643 crore. Disbursements grew 32% YoY to INR 15,914 crore, driven by strong momentum in ho

Bajaj Housing Finance reported a stable Q2 FY26 with AUM growth of 24% YoY to ₹1,26,749 crore and PAT growth of 18% YoY to ₹643 crore. Disbursements grew 32% YoY to ₹15,914 crore, driven by strong performance in LRD (35%

Bajaj Finserv reported a solid Q2 FY26 with consolidated revenue up 11% to INR 37,400 crore and PAT up 8% to INR 2,244 crore (12% ex-MTM). The life insurance arm was the standout: VNB surged 50% to INR 367 crore and NBM

Bandhan Bank's Q2 FY26 results were below internal expectations, with PAT plunging 88% YoY to INR 112 crore due to margin compression and elevated credit costs. NIM fell to 5.8% (vs 6.4% QoQ) as the bank proactively pass

Bank of Baroda reported a strong Q2 FY26 with net profit of INR 4,809 crore, up 6% sequentially, despite a one-off recovery in the base quarter. Asset quality improved to best-ever levels: gross NPA at 2.16% and net NPA

Bank of Maharashtra reported a strong Q2 FY26 with net profit rising 23% YoY to ₹1,633 crore and operating profit up 17% to ₹2,500 crore. NII grew 16% YoY, while NIM remained healthy at 3.85% despite rate cuts. Asset qua

Bata India reported Q2 FY26 revenue of INR 8,000 million, down 4% YoY, impacted by GST transition disruption and a distribution center transition. Gross margin fell 150 bps YoY due to consumer incentives and inventory cl

Berger Paints reported a tough Q2 FY26 with standalone revenue growth of only 1.1% YoY and EBITDA margin contracting to 12.7% (down from ~15.6% in Q2 FY25). Volume growth was 8.8%, but value growth lagged due to extended

BEL reported a strong H1 FY26 with revenue of INR 10,180 crore (+15.9% YoY) and PAT of INR 2,255 crore (+20.8% YoY). EBITDA margin expanded to 30.15% (+289 bps YoY), driven by favorable product mix and cost optimization.

Bharat Forge reported consolidated Q2 FY26 revenue of ₹4,032 crore with EBITDA margins of 17.7%, impacted by a sharp decline in North American CV exports (down 67% YoY) due to tariff uncertainty and destocking. Standalon

Bharti Airtel delivered another consistent quarter with consolidated revenues of approximately INR 52,000 crore and India EBITDA margin of 51.5%. Mobile segment added 1.4 million revenue-earning customers and 5.1 million

Biocon delivered a strong Q2 FY26 with consolidated revenue of ₹4,296 crore (+20% YoY) and EBITDA of ₹928 crore (+29% YoY), driven by biosimilars (+25% YoY) and generics (+24% YoY). Biosimilar EBITDA margin expanded ~400

Blue Dart reported Q2 FY26 revenue from operations of INR 1,549 crore and PAT of INR 79.5 crore, with management highlighting positive revenue growth and EBIT margin improvement driven by favorable mix and cost actions.

Blue Star reported a modest Q2 FY26 with revenue of ₹2,422 crore (+6.4% YoY) and EBITDA margin of 7.6% (+100bps YoY), but the tone was cautious. The room AC segment faced demand slowdown due to a failed summer, prolonged

Bosch Limited reported Q2 FY26 revenue of INR 47,948 million, up 9.1% YoY, driven by strong performance in power solutions and two-wheeler segments. EBITDA grew 10.1% YoY to INR 6,171 million, aided by favorable product

Brigade Enterprises delivered a strong Q2 FY26 with consolidated revenue of ₹1,430 crore (+26% YoY) and EBITDA margin of 26%. PAT after minority interest grew 37% YoY to ₹162 crore. Residential pre-sales reached ₹2,234 c

Brigade Hotel Ventures delivered a strong Q2 FY26 with total income of INR 130 crores (+20% YoY) and PAT of INR 11 crores (+58% YoY). EBITDA grew 9% to INR 41 crores, impacted by a one-off property tax expense of INR 6 c

Britannia reported Q2 FY26 revenue growth of 4.1% YoY, impacted by ~2-2.5% disruption from GST rate rationalization effective September 22, 2025. PAT grew 23.1% YoY, aided by benign commodity costs and cost-saving initia

Canara Bank reported a strong Q2 FY26 with net profit of INR 4,774 crore (+18.93% YoY) and operating profit of INR 8,588 crore (+12.2% YoY). Global business grew 13.55% YoY driven by RAM credit (+17%), with retail loans

Canara HSBC Life Insurance reported a steady H1 FY26 with individual weighted premium income (WPI) growing 14% YoY, outperforming the private industry growth of 8%. Value of new business (VNB) rose 21% YoY to ₹214 crore,

Capri Global Capital delivered a strong Q2 FY26 with PAT surging 143% YoY to ₹236 crore, driven by broad-based AUM growth of 40% YoY to ₹27,410 crore. Gold loans crossed ₹10,000 crore AUM, growing 58% YoY, while co-lendi

Carborundum Universal (Northern Arc Capital) reported Q2 FY26 PAT of ₹92 crore, up 13% QoQ, driven by NIM expansion of 40bps QoQ to 9.3% as cost of funds declined 40bps to 8.5%. AUM grew 15% YoY to ₹14,166 crore, with di

Carraro India delivered a strong Q2 FY26 with revenue from operations growing 33% YoY to ₹586.4 crore, driven by robust export growth of 31% in H1, led by telehandler axle ramp-up for a global OEM. EBITDA grew 25% YoY to

Castrol India delivered a steady Q3 FY26 with revenue of ₹1,363 crore (+6% YoY) and PAT of ₹228 crore (+10% YoY), driven by 7% volume growth and cost optimization. EBITDA margin remained healthy at ~23.7%, supported by a

CCL Products reported a strong Q2 FY26 with revenue of ₹1,128 crore (+52.7% YoY) and EBITDA of ₹199 crore (+44.3% YoY), driven by robust volume growth of 20%+ and improved product mix. The domestic branded business grew

Cello World delivered a strong Q2 FY26 with revenue of ₹587.4 crore, up 20% YoY, driven by festive demand and consumerware growth of 23%. EBITDA margin came in at 24%, while PAT stood at ₹85.7 crore. The glassware plant

CDSL reported a mixed Q2 FY26 with standalone revenue of INR 290 crore (down ~10.5% YoY) and PAT of INR 128 crore (down ~25% YoY), impacted by the absence of a one-time dividend from its subsidiary that boosted prior-yea

Century Plyboards delivered a strong Q2 FY26 with consolidated revenue of ₹1,386 crore (+17.1% YoY) and EBITDA margin of 13.1% (+280 bps YoY), driven by broad-based growth across all segments. Plywood revenue hit a recor

CG Power delivered a strong Q2 FY26 with standalone revenue of 2,649 crores (+17% YoY) and PAT of 307 crores (+38% YoY), driven by robust power systems performance (sales +48% YoY, PBIT margin +310bps). Industrial segmen

Chalet Hotels reported a strong Q2 FY26 with consolidated revenue surging 94% YoY to ₹740 crore, driven by residential project revenue recognition of ₹280 crore. Excluding residential, core hospitality and commercial rev

CIE Automotive India reported consolidated Q2 FY26 revenue of INR 2,540 crore (up 11% YoY), supported by 13% growth in India operations and favorable currency translation in Europe. Consolidated EBITDA grew 17% to INR 42

Cipla delivered an all-time high quarterly revenue of INR 7,589 crore (+8% YoY) with a robust EBITDA margin of 25%, driven by broad-based growth across One India, US Generics, One Africa, and EMEU. The US business contri

CMS Info Systems reported a weak Q2 FY26 with consolidated revenue of 609 cr (down ~3% QoQ) and PAT of 73 cr (down 20% QoQ), impacted by temporary ATM network churn, subdued retail cash volumes, and higher provisions. Th

Coforge delivered an exceptional Q2 FY26 with 5.9% sequential constant currency growth and 14% EBIT margin, up 251 bps QoQ. Revenue reached $462.1 million, driven by travel (+6.4% QoQ) and other verticals (+5.9%). The co

Concord Enviro reported a weak Q2 FY26 with revenue of ₹124.8 crore, down 23% YoY due to a high base from the Mexico project and a delay in an Africa project (US$6.7M) pending local approvals. EBITDA margin compressed to

Container Corporation of India reported its highest-ever quarterly throughput of 1.44 million TEUs in Q2 FY26, driven by 11% YoY volume growth (Exim +10.2%, Domestic +13%). Operating income and PAT also reached record le

Coromandel delivered a strong Q2 FY26 with consolidated revenue of INR 9,771 crore (+30% YoY) and PAT of INR 793 crore (+20% YoY), driven by robust phosphatic fertilizer volumes (up 7% to 1.4M tons) and a 48% EBIT surge

Coromandel reported a strong Q2 FY26 with consolidated revenue of ₹9,771 crore (+30% YoY) and PAT of ₹793 crore (+20% YoY), driven by robust fertilizer volumes (NPK production up 3% to 9.1 lakh tons) and a sharp recovery

Corona Remedies delivered a solid Q2 FY26 with revenue of ₹361 crore (+15% YoY), EBITDA of ₹78.5 crore (+17.4% YoY), and PAT of ₹52 crore (+22% YoY). EBITDA margin expanded 40 bps to 21.7%, driven by a favorable chronic

Cummins India delivered a strong Q2 FY26 with revenue of INR 3,122 crore, up 28% YoY, driven by broad-based Power Gen growth and a 40% contribution from data center project execution. Domestic sales rose 28% and exports

Cyient D segment delivered a steady Q2 with revenue of ₹1,438 crore, up 3.3% QoQ and 4.5% YoY in INR terms, driven by strong recovery in Transportation (+3.9% QoQ) and Network & Infrastructure (+3.6% QoQ). EBIT margin ex

Cyient DLM reported Q2 FY26 revenue of ₹310.6 crore, down 20% YoY due to the completion of a large defense order, but EBITDA margin expanded 192 bps YoY to double digits, driven by a favorable revenue mix. PAT surged 108