Q2 Results Live: Kirloskar Industries Profit Rises 33%, Ratnamani Metals Profit Rises 24%; Siemens, Hindalco, Voltas Also In Focus

• Kirloskar Industries reported a 33% year-on-year (YoY) increase in net profit to Rs 6 crore in Q2, compared with Rs 4.5 crore in the corresponding quarter last year.
• Revenue grew 16% YoY to Rs 164.4 crore from Rs 142.1 crore.
• EBITDA surged 69% to Rs 10.8 crore from Rs 6.4 crore, while EBITDA margin expanded to 6.6% from 4.5% YoY.

Ratnamani Metals & Tubes reported a 23.6% quarter-on-quarter (QoQ) increase in consolidated net profit to Rs 102 crore in Q2, compared with Rs 82.2 crore in the previous quarter.

Revenue surged 38.7% QoQ to Rs 1,348 crore from Rs 972 crore. EBITDA increased 16.4% to Rs 189 crore from Rs 162 crore, while EBITDA margin contracted to 14% from 16.7% QoQ.

HUDCO said its disbursement pipeline remains strong and expressed confidence in achieving growth. The company is targeting a loan book of Rs 2 lakh crore by FY27 and Rs 3 lakh crore by FY30, while planning disbursements worth Rs 30,000 crore in the second half of FY27.

The company said it is targeting a net interest margin (NIM) of at least 3% and expects spreads to be around 2% by the end of FY27. It is also working towards becoming a zero-NPA company shortly.

Key highlights

- Strong disbursement pipeline, confident of growth.
- Targeting loan book of Rs 2 lakh crore by FY27 and Rs 3 lakh crore by FY30.
- Planning disbursements worth Rs 30,000 crore in H2.
- Assures spreads of around 2% by FY27-end.
- Targeting and maintaining NIM of at least 3%.
- Working towards becoming a zero-NPA company shortly.
- Consciously diversifying borrowing portfolio.
- Aggressively pursuing opportunities under RBI's swap window.
- Plans to borrow another $1 billion under RBI's swap window.
- Does not foresee foreign currency movement-related losses going forward.
- Working towards asset monetisation to boost other income.

• VA Tech Wabag reported a 23.5% year-on-year (YoY) increase in consolidated net profit to Rs 105 crore in Q2, compared with Rs 85 crore in the corresponding quarter last year.
• Revenue grew 17.8% YoY to Rs 1,020 crore from Rs 866 crore.
• EBITDA increased 19.7% to Rs 144 crore from Rs 120 crore, while EBITDA margin improved to 14.1% from 13.9% YoY.

• Supriya Lifescience reported a 42% year-on-year (YoY) decline in net profit to Rs 29.3 crore in Q2, compared with Rs 50.4 crore in the corresponding quarter last year.
• Revenue grew 3.3% YoY to Rs 206 crore from Rs 200 crore.
• EBITDA declined 37.3% to Rs 45.5 crore from Rs 72.6 crore, while EBITDA margin contracted sharply to 22.1% from 36.3% YoY.

• Honasa Consumer reported an 87.2% year-on-year (YoY) increase in consolidated net profit to Rs 73 crore in Q2, compared with Rs 39 crore in the corresponding quarter last year.
• Revenue grew 35.9% YoY to Rs 731 crore from Rs 538 crore.
• EBITDA surged 93.4% to Rs 93.2 crore from Rs 48.2 crore, while EBITDA margin expanded to 12.7% from 9% YoY.

• Aadhar Housing Finance reported a 15.8% year-on-year (YoY) increase in standalone net profit to Rs 308 crore in Q2, compared with Rs 266 crore in the corresponding quarter last year.
• Total income grew 16.6% YoY to Rs 1,048 crore from Rs 899 crore.
   

• SignatureGlobal reported a consolidated net profit of Rs 67 crore in Q2, compared with a net loss of Rs 47 crore in the corresponding quarter last year.
• Revenue increased to Rs 817.4 crore from Rs 338.4 crore YoY.
• EBITDA also turned positive at Rs 75.5 crore, compared with a loss of Rs 74.6 crore in the year-ago period.
   

Prism Johnson reported a consolidated net profit of Rs 206 crore in Q2, compared with Rs 2.8 crore in the corresponding quarter last year.

Revenue grew 8.2% year-on-year (YoY) to Rs 1,868 crore from Rs 1,727 crore. EBITDA increased 4.4% to Rs 194 crore from Rs 186 crore, while EBITDA margin contracted to 10.4% from 10.8% YoY.

• Precision Wires reported a 21.9% year-on-year (YoY) increase in net profit to Rs 43.4 crore in Q2, compared with Rs 35.6 crore in the corresponding quarter last year.
• Revenue surged 59.1% YoY to Rs 1,950 crore from Rs 1,226 crore.
• EBITDA increased 36.8% to Rs 80.6 crore from Rs 58.9 crore, while EBITDA margin contracted to 4.1% from 4.8% YoY.
   

• Bharti Hexacom reported a 17.4% quarter-on-quarter (QoQ) increase in standalone net profit to Rs 566 crore in Q2, compared with Rs 482 crore in the previous quarter.
• Revenue grew 2.9% QoQ to Rs 2,582 crore from Rs 2,510 crore.
• EBITDA increased 4.2% to Rs 1,377 crore from Rs 1,322 crore, while EBITDA margin improved to 53.3% from 52.7% QoQ.

• Bharti Airtel reported an 8.8% quarter-on-quarter (QoQ) increase in consolidated net profit to Rs 8,888 crore in Q2, compared with Rs 8,167 crore in the previous quarter. The profit figure, however, fell short of the estimate of Rs 9,293 crore.
• Revenue increased 4% QoQ to Rs 60,878 crore from Rs 58,539 crore, beating the estimate of Rs 60,140 crore.
• EBITDA grew 4.9% to Rs 34,946 crore from Rs 33,303 crore, also ahead of the estimate of Rs 34,406 crore. EBITDA margin stood at 57.4% against the estimate of 57.2%.
• The company's average revenue per user (ARPU) stood at Rs 271, compared with the estimate of Rs 269.6.
   

• Happy Forgings reported a 34.2% year-on-year (YoY) increase in consolidated net profit to Rs 98 crore in Q2, compared with Rs 73 crore in the corresponding quarter last year.
• Revenue grew 32.9% YoY to Rs 501 crore from Rs 377 crore.
• EBITDA increased 32.8% to Rs 154 crore from Rs 116 crore, while EBITDA margin remained broadly stable at 30.7% against 30.8% YoY.
   

• Happy Forgings reported a 34.2% year-on-year (YoY) increase in consolidated net profit to Rs 98 crore in Q2, compared with Rs 73 crore in the corresponding quarter last year.
• Revenue grew 32.9% YoY to Rs 501 crore from Rs 377 crore.
• EBITDA increased 32.8% to Rs 154 crore from Rs 116 crore, while EBITDA margin remained broadly stable at 30.7% against 30.8% YoY.
   

• Astral reported a 5.9% year-on-year (YoY) decline in consolidated net profit to Rs 127 crore in Q2, compared with Rs 135 crore in the corresponding quarter last year.
• Revenue grew 26.1% YoY to Rs 1,988 crore from Rs 1,577 crore.
• EBITDA increased 1.6% to Rs 260 crore from Rs 256 crore, while EBITDA margin contracted to 13.1% from 16.2%. The company also announced an interim dividend of Rs 1.5 per share.
   

• Glenmark Pharmaceuticals reported a 56.9% year-on-year (YoY) decline in consolidated net profit to Rs 263 crore in Q2, compared with Rs 610 crore in the corresponding quarter last year.
• Revenue declined 29.8% YoY to Rs 4,247 crore from Rs 6,046 crore.
• EBITDA fell 63.4% to Rs 863 crore from Rs 2,359 crore, while EBITDA margin contracted sharply to 20.3% from 39% YoY.
   

• Bikaji Foods reported an 11.3% year-on-year (YoY) decline in consolidated net profit to Rs 71 crore in Q2, compared with Rs 80 crore in the corresponding quarter last year.
• Revenue grew 13% YoY to Rs 921 crore from Rs 815 crore.
• EBITDA, however, declined 9.9% to Rs 102 crore from Rs 113 crore, while EBITDA margin contracted to 11% from 13.8% YoY.
   

NCC said it has retained its FY27 EBITDA margin guidance at 8.5-9%, while noting an improvement in payments from the Jal Jeevan Mission during Q2.

The company received Rs 2,250 crore in payments from the Jal Jeevan Mission, indicating an improvement in collections during the quarter.

Bikaji Foods reported an 11.3% year-on-year (YoY) decline in consolidated net profit to Rs 71 crore in Q2, compared with Rs 80 crore in the corresponding quarter last year.

Revenue grew 13% YoY to Rs 921 crore from Rs 815 crore. EBITDA, however, declined 9.9% to Rs 102 crore from Rs 113 crore, while EBITDA margin contracted to 11% from 13.8% YoY.

Schneider Electric reported a 42.3% year-on-year (YoY) decline in standalone net profit to Rs 30 crore in Q2, compared with Rs 52 crore in the corresponding quarter last year.

Revenue grew 19.8% YoY to Rs 779 crore from Rs 650 crore. However, EBITDA declined 28.5% to Rs 59.6 crore from Rs 83.3 crore, while EBITDA margin contracted to 7.7% from 12.8% YoY.
 

• Vardhman Textiles reported a 90.9% year-on-year (YoY) increase in consolidated net profit to Rs 357 crore in Q2, compared with Rs 187 crore in the corresponding quarter last year.
• Revenue grew 15.6% YoY to Rs 2,866 crore from Rs 2,480 crore.
• EBITDA increased 67.8% to Rs 562 crore from Rs 335 crore, while EBITDA margin expanded to 19.6% from 13.5% YoY. Other income rose to Rs 53.4 crore from Rs 36.8 crore.
   

The Anup Engineering reported a 79% year-on-year (YoY) decline in net profit to Rs 6.6 crore in Q2, compared with Rs 32 crore in the corresponding quarter last year.

Revenue declined 21% YoY to Rs 182 crore from Rs 232 crore. EBITDA fell 66% to Rs 17.4 crore from Rs 51.5 crore, while EBITDA margin contracted sharply to 9.5% from 22.2% YoY.
 

Eicher Motors is scheduled to announce its financial results for the September quarter (Q2 FY27) on November 13.

Investors will watch out for the company's performance, particularly Royal Enfield's sales momentum, revenue growth and margin trends.

Cemindia Projects expects to maintain margins above 10% in FY27, with several new projects likely to start contributing to margins over the next one to two quarters.

The company said it is targeting big-ticket projects but does not expect margins from data centre operations to exceed 10%.

Key highlights:

- Expects to maintain margins above 10% in FY27.
- Several new projects to start reflecting in margins over the next 1-2 quarters.
- Does not expect margins from data centre operations to exceed 10%.
- Company targeting big-ticket projects.

Thermax expects a prominent pick-up in its order book in Q3, with the company also anticipating significantly better margins during the quarter. Management expects margins to remain better for at least the next couple of quarters.

The company said higher commodity costs and shipping constraints weighed on its industrial products order book in Q2. It also expects revenue to exceed Rs 7,000 crore between Q3 and Q4, which could have a substantial impact on profitability.

Key highlights:

• Sees prominent pick-up in order book in Q3.
• Expects significantly better margins in Q3.
• Sees better margins for at least a couple of quarters.
• Higher commodity costs weighed on Q2 industrial products order book.
• Shipping constraints had a bigger impact on industrial products.
• Expects revenue to cross Rs 7,000 crore between Q3 and Q4.
• Revenue above Rs 7,000 crore could have a substantial impact on profit.
• Seeing a good uptick in electric cooling products business.

IRB Infrastructure Developers said the next round of toll-operate-transfer (TOT) bidding is expected by March, while the company plans to be more selective in pursuing such projects.

The company said its InvIT model is maturing, adding to cash flows and financial flexibility. It also indicated that the decline in interest costs witnessed in Q2 should become the new normal.

Key highlights:

- InvIT model maturing, supporting cash flows and financial flexibility.
- Next round of TOT bidding expected by March.
- Q2 interest cost decline should be the new normal.
- Company to be more selective in bidding for TOT projects.
- Asset monetisation becoming more enticing.
- No plans currently to venture into non-road projects.

Godrej Agrovet reported a 24.2% year-on-year increase in consolidated net profit to Rs 115 crore in Q2, compared with Rs 92.6 crore in the year-ago period.

Revenue increased 16.7% to Rs 2,995 crore from Rs 2,567 crore. EBITDA declined 6% to Rs 200 crore from Rs 213 crore, while EBITDA margin contracted to 6.7% from 8.3%.

Other income increased to Rs 21.8 crore from Rs 7.8 crore, while tax expenses declined to Rs 40.5 crore from Rs 50.7 crore.

NACL reported a consolidated net loss of Rs 1.4 crore in Q2, compared with a net profit of Rs 2.6 crore in the year-ago period.

Revenue declined 18.2% year-on-year to Rs 374 crore from Rs 457 crore. EBITDA fell 73% to Rs 12.1 crore from Rs 44.8 crore, while EBITDA margin contracted to 3.2% from 9.8%.

Siemens, Bosch, 3M India, Hindalco Industries, Voltas, Coromandel International, Jubilant FoodWorks, Blue Dart Express, Gland Pharma, Nuvama Wealth Management, Godrej Agrovet, Aster DM Quality Care, Ingersoll Rand (India), Honasa Consumer, Cholamandalam Financial Holdings, TTK Prestige, Star Cement, Dynamatic Technologies, Data Patterns (India), Azad Engineering, KIOCL, Rain Industries, Vardhman Textiles, Elgi Equipments and Great Eastern Shipping Company are among the key earnings announcements to watch as 223 companies report their Q2 FY27 results on Friday, November 6.

Follow this live blog for quarterly earnings updates, key financial numbers, management commentary and stock-specific developments.