Q2 Results Highlights: LTIMindtree Profit Falls 5%, Urban Company Net Loss Triples, PNB Profit NII Jumps 11%

Tejas Networks Q2 Result Highlights (QoQ)

• Net loss narrows to Rs 207 crore versus loss of Rs 307 crore.
• Revenue up 0.9% at Rs 406 crore versus Rs 402 crore.
• EBITDA loss widens to Rs 107 crore versus loss of Rs 100 crore.

Oberoi Realty Q2 Result Highlights (YoY)

• Net Profit up 0.3% at Rs 762 crore versus Rs 760 crore.
• Revenue declines 6.1% at Rs 1,671 crore versus Rs 1,779 crore.
• EBITDA declines 0.1% at Rs 1,019 crore versus Rs 1,020 crore.
• EBITDA Margin up 370 Bps at 61.0% versus 57.3%.

• Attrition Flat at 13.3% QoQ 
• Headcount at 87,886 In Q2 
• Order Inflow falls 0.3% At $1.26 Bn QoQ

LTIMindtree Q2 Result Highlights (QoQ)

• Net Profit declines 4.6% at Rs 1,398 crore versus Rs 1,466 crore.
• Revenue up 1.7% at Rs 11,808 crore versus Rs 11,608 crore.
• EBIT up 2.2% at Rs 1,839 crore versus Rs 1,799 crore.
• EBIT Margin up 10 Bps at 15.6% versus 15.5%.
• To pay interim dividend of Rs 25 per share.

Punjab National Bank Q2 Result Highlights (YoY)

• Net Profit up 12.8% at Rs 5,532 crore versus Rs 4,904 crore.
• Net Interest Income (NII) up 10.8% at Rs 11,601 crore versus Rs 10,469 crore.
• Operating Profit up 4.2% at Rs 7,532 crore versus Rs 7,227 crore.
• Gross NPA improves to 2.55% versus 2.78% QoQ.
• Net NPA improves to 0.25% versus 0.28% QoQ.
• Net Interest Margin (NIM) up 8 Bps at 2.58% versus 2.50% QoQ.
• Provisions stand at Rs 97 crore versus Rs 643 crore YoY (and Rs 541 crore QoQ).
• Fresh Slippages stand at Rs 2,233 crore versus Rs 1,812 crore YoY (and Rs 1,996 crore QoQ).

Urban Company Q2 Result Highlights (YoY)

• Net loss widens to Rs 182 crore versus loss of Rs 59 crore.
• Revenue up 41.3% at Rs 537 crore versus Rs 380 crore.
• EBITDA loss widens to Rs 188 crore versus loss of Rs 68.7 crore.
• To raise Rs 2,500 crore via equity, debt, and others.

Jindal Saw Q2 Result Highlights (YoY)

• Net Profit declines 69.1% at Rs 47 crore versus Rs 152 crore.
• Revenue up 5.6% at Rs 4,472 crore versus Rs 4,234 crore.
• EBITDA declines 42.3% at Rs 261 crore versus Rs 452 crore.
• EBITDA Margin down 490 Bps at 5.8% versus 10.7%.

Bajaj Housing Q2 Result Highlights (YoY)

• Net Profit up 17.7% at Rs 757 crore versus Rs 643 crore.
• Total Income up 18.3% at Rs 3,251 crore versus Rs 2,748 crore.

Jayaswal Neco Q2 Result Highlights (YoY)

• Net Profit up 119.0% at Rs 230 crore versus Rs 105 crore.
• Revenue up 23.2% at Rs 2,194.5 crore versus Rs 1,781 crore.
• EBITDA up 34.8% at Rs 440.7 crore versus Rs 327 crore.
• EBITDA Margin up 170 Bps at 20.1% versus 18.4%.

Crompton Greaves Consumer Electricals (Q2, Consolidated YoY)

• Net profit up 67.6% to Rs 119 crore versus Rs 71 crore.
• Revenue up 18.1% to Rs 2,263 crore versus Rs 1,916 crore.
• Ebitda up 23.3% to Rs 204.3 crore versus Rs 165.6 crore.
• Margin at 9% versus 8.6%.

Shoppers Stop (Q2, Consolidated YoY)

• Net profit at Rs 3.1 crore versus loss of Rs 20.1 crore.
• Revenue up 8.7% to Rs 1,366 crore versus Rs 1,257 crore.
• Ebitda up 14.8% to Rs 196.1 crore versus Rs 170.8 crore.
• Margin at 14.4% versus 13.6%.

E2E Networks (Q2, Consolidated YoY)

• Net profit at Rs 72.7 crore versus loss of Rs 13.5 crore.
• Revenue at Rs 224 crore versus Rs 43.8 crore.
• Ebitda at Rs 171 crore versus Rs 18 crore.
• Margin at 76.6% versus 41.1%.

Ujjivan Small Finance Bank (Q2, YoY)

• Net profit at Rs 365 crore versus Rs 122 crore.
• NII up 35% to Rs 1,248 crore versus Rs 922 crore.
• Operating profit up 50.4% to Rs 594 crore versus Rs 395 crore.
• Gross NPA at 2.10% versus 2.16% (QoQ).
• Net NPA at 0.31% versus 0.34% (QoQ).
• Provisions at Rs 103 crore versus Rs 235 crore. (YoY)
• Provisions at Rs 103 crore versus Rs 127 crore. (QoQ)

Solara Active Pharma Sciences (Q2, Consolidated YoY)

• Net profit at Rs 28.5 crore versus loss of Rs 10.1 crore.
• Revenue up 33.2% to Rs 417 crore versus Rs 313 crore.
• Ebitda at Rs 76.4 crore versus Rs 34.3 crore.
• Margin at 18.3% versus 11%.
• Tax expense at Rs 28.5 crore versus credit of Rs 10.1 crore.
• One-time loss of Rs 4.5 crore.

Following the Q2 results, the stock surged sharply. Federal Bank shares rose up to 1.52% to hit an intraday high of Rs 340.10 per share. 

At 1:35 pm, Federal Bank share price was trading 1.45% higher at Rs 339.40 per share. In comparison, BSE Sensex was trading 0.54% higher at 74,709 levels.

Read more here: Federal Bank Q2 Results: Net Profit Jumps 45% YoY; NII At Rs 3,153 Crore

Federal Bank Q2FY27 Highlights

• Net Profit up  45.1% to Rs 1,386 crore versus Rs 955 crore.
• NII up 26% to Rs 3,153 crore versus Rs 2,495 crore.
• Operating profit up 35.3% to Rs 2,225 crore versus Rs 1,644 crore.
• NIM at 3.32% versus 3.33% (QoQ); versus 3.06% (YoY).
• Other income up 37.7% to Rs 1,490 crore versus Rs 1,082 crore.
• Gross NPA at 1.32% versus 1.52% (QoQ).
• Net NPA at 0.17% versus 0.18% (QoQ).
• Provisions at Rs 342 crore versus Rs 363 crore. (YoY)
• Provisions at Rs 342 crore versus Rs 318 crore. (QoQ)

Snabbit posts Rs 168 crore loss, Rs 12 crore revenue in FY26

• Snabbit’s revenue from operations jumped 46x to Rs 12.2 crore in FY26
• But net loss ballooned nearly 29x to Rs 167.8 crore, from Rs 5.7 crore
• Loss was nearly 14x its operating revenue in FY26
• Total expenses surged to Rs 194.8 crore from Rs 6.8 crore a year ago
• Marketing alone cost Snabbit Rs 48.7 crore, nearly 4x its operating revenue
   

L&T Finance said it will cautiously step up rural loan disbursements and expects a slight upward bias in rural lending during the third quarter, while maintaining that there are currently no significant risks in its rural portfolio.

The company expects net interest margins to remain around 10.5% despite higher interest rates and anticipates two more RBI repo rate hikes in FY27, which could lead to repricing of certain products, including home loans.

Management said it remains focused on reducing customer acquisition costs and is targeting a return on assets (RoA) of 2.8%-3% by the end of Q4. It also expects to navigate the proposed IRDAI regulations with minimal impact and plans to launch a range of prepaid products by FY28.

IRFC said it aims to sustain the growth momentum seen over the last six quarters and remains on track to achieve a credit cost of 2.2%-2.4% and return on assets (RoA) of 2.8%-3% by the end of Q4.

The company plans to expand lending to sectors such as metro rail, ports, renewable energy and power companies in the second half of the fiscal year. Management said headcount has doubled over the past year as it scales operations, while efforts remain focused on reducing customer acquisition costs.

IRFC added that it is comfortable with yen-denominated borrowings despite recent rate hikes in Japan, does not expect a significant increase in borrowing costs following RBI rate actions, and sees no material pressure from prepayment risks.

Angel One said its funding client base grew 30% year-on-year in the September quarter, while the margin trading facility (MTF) book continued to expand at a healthy pace.

The company noted that regulatory changes impacted market volumes during Q2, but expects SEBI's recently announced Consolidated Account Statement (CAS) circular to provide greater clarity and create tailwinds for the business.

Management said its credit business is beginning to scale further and remains focused on maintaining liquidity, margins and return on capital. It added that customer acquisition costs are incurred upfront, quarterly margins may fluctuate with market conditions, and there are no concerns around borrowing costs, with lending costs expected to remain stable.

Q1 Recap For PNB

Punjab National Bank's net profit for the first quarter of fiscal 2027 tripled year-on-year, according to an exchange filing on Saturday. 

The bank posted a bottom-line of Rs 5,253 crore, compared to Rs 1,675 crore in the corresponding period of last year. Net interest income, the difference between interest earned and interest paid, rose 2% to Rs 10,798 crore from Rs 10,578 crore. 

Provisions doubled to Rs 792 crore from Rs 396 crore in the year-ago period. Asset quality improved slightly with net NPA down 1 basis point to 0.28% from 0.29%, and Gross NPA down 17 basis points to 2.78% from 2.95%.

Shares of LTM Ltd. rose as high as 2.17% to Rs 4,327 ahead of its Q2 results due today. Here's how shares are trading right now: 

Good Morning corporate cutlets! This is Khushi, and I am back to give you updates for all things earnings. As India Inc. gets deeper into October, the earnings season has picked up pace. Stay tuned with our live earnings coverage.