Q2 FY26 earnings calls.

Godrej Properties delivered a robust Q2 FY26 with booking value surging 64% YoY to INR 8,505 crore, the highest ever second quarter. Net profit grew 21% YoY to INR 405 crore, while EBITDA jumped 118% to INR 614 crore. Th

Godrej Properties delivered a robust Q2 FY26 with booking value surging 64% YoY to ₹8,555 crore, the highest ever second-quarter performance. Net profit for the quarter grew 21% YoY to ₹405 crore, while H1 net profit ros

Grasim's Q2 FY26 standalone revenue hit a record INR 9,610 crore, up 26% YoY, driven by strong performance in paints and B2B e-commerce. The paints business (Birla Opus) achieved double-digit market share and top-of-mind

Greenlam Industries reported a strong Q2 FY26 with consolidated revenue of ₹808 crore, up 18.7% YoY, driven by robust laminate performance and scaling of new businesses. EBITDA before forex grew 32% YoY to ₹107 crore, wi

GTPL Hathway reported a mixed Q2 FY26. Consolidated revenue grew 12% YoY to INR 964.9 crore, driven by broadband and subscription growth. However, EBITDA margin contracted to 11.4% (operating margin 22%), and net profit

Gufic BioSciences reported Q2 FY26 revenue of ₹230 crore (flat QoQ) and EBITDA of ₹37.9 crore (margin 16.45%, up 182bps QoQ). PAT came in at ₹14.9 crore (margin 6.47%). The Indore facility is scaling, with 40 products tr

GFL delivered a resilient Q2 FY26 with chemical segment revenue of INR 1,210 crore (+2% YoY) and EBITDA of INR 381 crore (+26% YoY), driven by better product mix and cost optimization. EBITDA margin expanded 608 bps YoY

GFL delivered a resilient Q2 FY26 with chemical segment revenue of ₹1,210 crore (+2% YoY), EBITDA of ₹381 crore (+26% YoY), and PAT of ₹198 crore (+51% YoY). EBITDA margin expanded 608 bps YoY to 32%, driven by better pr

Gujarat Gas reported a subdued Q2 FY26 with revenue of ₹3,979 crore (flat YoY) and EBITDA of ₹520 crore (down 6% YoY), impacted by lower industrial volumes in Morbi due to propane competition and seasonal festival shutdo

GNFC reported a mixed Q2 FY26 with improved volumes in TDI, CNA, and technical-grade urea, but continued pressure on acetic acid and aniline margins due to import competition and feedstock cost volatility. The company's

Happiest Minds delivered a strong Q2 FY26 with revenue of ₹553 crore (up 14% YoY) and EBITDA margin of 20.2%, within the guided 20-22% range. Growth was driven by the Generative AI business unit (GBS), which grew 77.8% Y

Happiest Minds delivered a strong Q2 FY26 with revenue of INR 503 crore, up 10% YoY, and EBITDA margin of 20.2%, within the guided 20%-22% range. Growth was driven by the Generative AI Business Services unit, which grew

Happy Forgings delivered a robust Q2 FY26 with revenue of ₹377 crore (+4.5% YoY) and EBITDA of ₹116 crore (+9.9% YoY), driven by a 5.2% volume growth and stable realizations despite softening steel prices. EBITDA margin

Havells India reported a mixed Q2 FY26, with summer product weakness (ACs, fans, coolers) dragging performance and elevating channel inventory, which management expects to normalize by Q3 end. Cables maintained steady gr

HCLTech delivered a strong Q2 FY26 with revenue of INR 31,942 crore, up 10.7% YoY, driven by broad-based growth across services and software. Services revenue grew 11.6% YoY to INR 29,116 crore, while EBIT margin improve

HDB Financial Services reported Q2 FY26 PAT of ₹581 crore, up from ₹568 crore in Q1, with gross loan book growth of 13% YoY to ₹1,11,149 crore. NIM improved to 7.9% (vs 7.5% YoY) and cost-to-income ratio declined to 40.7

HDFC AMC reported a solid Q2 FY26 with revenue from operations at ₹1,026 crore, up 16% YoY, and operating profit of ₹779.6 crore, up 13% YoY. PAT stood at ₹717.9 crore, benefiting from a one-time tax reversal of ₹46.8 cr

HDFC Bank's Q2 FY26 results reflect steady progress in loan growth and deposit market share gains, with NIM compression of 8bps due to front-loaded asset repricing. Management highlighted disciplined pricing and a focus

HDFC Life reported a steady H1-FY26 with APE growth of 10% YoY and a two-year CAGR of 20%, outperforming the industry and gaining 90bps market share to 11.9%. PAT grew 9% YoY to INR 994 crore. New business margin (post-G

HDFC Life reported H1 FY26 PAT of ₹994 crore, up 9% YoY, driven by broad-based APE growth of 10% and market share gains. New business margin (post-GST) was 24.5%, impacted ~3pp by the withdrawal of input tax credit under

HEG reported a strong Q2 FY26 with revenue of ₹697 crore (+22.7% YoY) and EBITDA of ₹226 crore (+61.4% YoY), driven entirely by higher sales volumes as prices remained flat. Consolidated PAT stood at ₹105 crore (+28% YoY

Hero MotoCorp reported its highest-ever quarterly revenue of INR 12,126 crore (up 16% YoY), EBITDA of INR 1,823 crore (up 20% YoY), and PAT of INR 1,393 crore (up 16% YoY). The strong performance was driven by GST cuts,

Hero MotoCorp reported its highest-ever quarterly revenue of ₹12,126 crore (up 16% YoY), EBITDA of ₹1,823 crore (up 20% YoY), and PAT of ₹1,393 crore (up 16% YoY). The strong performance was driven by market share gains

HFCL reported Q2 FY26 revenue of INR 1,042.34 crore, down ~4.6% YoY, but EBITDA surged to INR 203.37 crore (margin 19.49%, up 379 bps YoY) driven by improved product mix and cost efficiencies. PAT was INR 71.92 crore, ro

Hind Rectifiers delivered a strong Q2 FY26 with revenue of ₹427 crore (+37% YoY), EBITDA of ₹25.9 crore (+41.4% YoY), and PAT of ₹14.7 crore (+44.6% YoY), driven by robust execution and cost optimization. The order book

Hindalco delivered a resilient Q2 FY26 with consolidated EBITDA up 6% YoY to INR 9,104 crore and PAT up 21% to INR 4,741 crore, driven by strong India upstream aluminum (EBITDA +22% YoY, INR 4,524 crore) and record downs

HUL reported Q2 FY26 revenue of INR 16,061 crore with 2% underlying sales growth, impacted by GST transition disruptions and prolonged monsoon. EBITDA margin contracted 90bps YoY to 23.2% as the company invested 80bps mo

HOEC's Q2 FY26 consolidated revenue stood at ₹325.31 crore, driven by crude oil sales from the BAT field, but EBITDA fell to ₹25.15 crore and PAT to ₹2.83 crore due to lower gas offtake in the DRO field and monsoon-relat

Hindustan Zinc delivered a record Q2 FY26 with revenue of ₹8,549 crore and EBITDA of ₹4,467 crore, driven by higher commodity prices and a five-year low zinc cost of production of $994/ton. Silver production reached 144

Honasa Consumer delivered a strong Q2 FY26 with 22.5% revenue growth to ₹566 crore, driven by core category focus and turnaround of Mama Earth. Gross margins hit an all-time high of 71.9%, while EBITDA margin remained st

HPCL reported a strong Q2 FY26 with PAT of ₹3,820 crore, contributing to H1 PAT of ₹8,201 crore—a 731% YoY increase from a low base. The company generated ~₹20,000 crore of cash over the last four quarters, driven by con

Hubtown delivered a strong Q2 FY26 with consolidated revenue of ₹263.29 crore, up 89% YoY, driven by robust pre-sales of ₹3,547 crore in H1 and execution milestones including occupation certificates for key projects. The

Ice Make Refrigeration reported a strong Q2 FY26 with consolidated revenue of ₹1,147.5 crore, up 43.3% YoY, driven by broad-based growth across cold rooms, industrial refrigeration, and new verticals like continuous pane

ICICI Lombard reported Q2 FY26 PAT of ₹820 crore, up 18.1% YoY, driven by strong retail health growth (25.2% in H1) and improved loss ratios. Retail health market share crossed 4% in September. Motor growth picked up to

ICICI Prudential Life reported H1 FY26 PAT of ₹6.01 billion, up 26% YoY, driven by higher investment income. Total premium grew 9.2% YoY to ₹212.51 billion, but APE declined 4.1% YoY due to a high base. VNB margin improv

ICICI Bank reported a steady Q2 FY26 with PAT growing 5.2% YoY to INR 123.59 billion, driven by core operating profit growth of 6.5% YoY. Net interest income rose 7.4% YoY to INR 215.29 billion, with NIM stable at 4.30%.

India Glycols delivered a strong Q2 FY26 with net revenue up 13.6% YoY to ₹1,092 crore, EBITDA up 33% YoY to ₹160 crore, and PAT up 31% YoY to ₹65 crore. EBITDA margin expanded 216 bps to 14.6%, driven by robust performa

India Shelter reported a solid Q2 FY26 with PAT of ₹122 crore, up 35% YoY, driven by AUM growth of 31% YoY to ₹9,252 crore. Disbursements grew only 12% QoQ, reflecting cautious industry trends. Asset quality remained sta

IEX reported Q2 FY26 revenue of INR 183.3 crore (+9.2% YoY) and PAT of INR 123.4 crore (+13.9% YoY), driven by 16.1% YoY growth in electricity volumes to 35.2 BU. RTM volumes surpassed DAM for the first time, growing 39%

Indian Oil reported a strong Q2 FY26 with PAT of ₹7,610 crore, up from ₹5,689 crore in Q1, driven by higher GRMs and improved operational performance. Revenue from operations stood at ₹2,02,992 crore, slightly down seque

Indian Overseas Bank reported an all-time high net profit of ₹1,226 crore for Q2 FY26, up 57.79% YoY, driven by strong credit growth of 20.78% YoY and NIM expansion to 3.21%. Asset quality improved sharply with GNPA at 1

IRCTC reported a stable Q2 FY26 with revenue from operations at INR 1,146 crore (+7.71% YoY), EBITDA at INR 404 crore (+8.31% YoY), and PAT at INR 342 crore (+11.04% YoY). EBITDA margin improved 20 bps to 35.25%. Growth

IRFC reported Q2 FY26 PAT of INR 17.80 billion, up 10% YoY, with H1 PAT at INR 35.23 billion (highest ever). Net worth crossed INR 560 billion and EPS stood at INR 5.39. Net interest margin improved to 1.55% from 1.42% i

Indo Count reported Q2 FY26 EBITDA of ₹123 crore (margin 11.4%, down ~90bps QoQ) and PAT of ₹39 crore, impacted by US tariff headwinds and product mix shifts. Core business volumes grew 7% QoQ to 25.2M meters, but margin

IGL reported Q2 FY26 revenue of INR 4,432 crore (+9% YoY), but EBITDA fell to INR 443 crore (vs INR 532 crore last year) due to higher gas procurement costs from reduced APM allocation (44% to 41%) and increased RLNG (25

IGL reported Q2 FY26 revenue of ₹4,432 crore (+9% YoY), but EBITDA fell 17% YoY to ₹443 crore, with margins contracting ~300bps to ~10% due to higher gas procurement costs and rupee depreciation. PAT declined 13% to ₹373

Indus Towers delivered a steady Q2 FY26 with revenue of INR 81.9 billion (+9.7% YoY) driven by robust tower additions of 4,301 and core rental growth of 11.3% YoY. EBITDA margin contracted 940bps YoY to 56.3% due to high

Indus Towers reported Q2 FY26 revenue of ₹8,190 crore (+9.7% YoY) and EBITDA of ₹4,610 crore (margin 56.3%, down 940bps YoY due to prior-year writebacks). PAT stood at ₹1,840 crore (-17.3% YoY). Tower additions were robu