Q2 Results Live: HAL Profit Jumps 16%, HD Fire Protect Profit Surges Over 41%; IRCTC, Oil India, Ola Electric, VI In Focus

HAL posted an Ebitda margin of 22.8% in the quarter under review, as against street expectations of 25.7%. The defense PSU had clocked a margin of 23.5% in the year-ago period. 

After the results, the stock plunged over 4% to Rs 4,736 apiece. 

HD Fire Protect (Q2, YoY)

• Net profit up 41.5% to Rs 29 crore versus Rs 20.5 crore.
• Revenue up 28.3% to Rs 127 crore versus Rs 99 crore.

HAL (Q2, Consolidated YoY)

• Net profit up 16% to Rs 1,936 crore versus Rs 1,669 crore. (Estimate: Rs 1,899 crore)
• Revenue up 14.8% to Rs 7,613 crore versus Rs 6,629 crore. (Estimate: Rs 7,483 crore)
• Ebitda up 11.6% to Rs 1,739 crore versus Rs 1,558 crore. (Estimate: Rs 1,924 crore)
• Margin at 22.8% versus 23.5%. (Estimate: 25.7%)

Caplin Point Laboratories (Q2, Consolidated YoY)

• Net profit up 15.6% to Rs 178 crore versus Rs 154 crore.
• Revenue up 18% to Rs 630 crore versus Rs 534 crore.
• Ebitda up 18% to Rs 223.7 crore versus Rs 189.6 crore.
• Margin unchanged at 35.5%.

Kwality Pharmaceuticals (Q2, YoY)

• Net profit at Rs 29 crore versus Rs 14.1 crore.
• Revenue up 63% to Rs 181.2 crore versus Rs 111.1 crore.
• Ebitda up 96% to Rs 49.8 crore versus Rs 25.4 crore.
• Margin at 27.5% versus 22.9%.

Krishna GVK (Q2, Consolidated YoY)

• Net profit down 3.6% to Rs 26.6 crore versus Rs 27.6 crore.
• Revenue up 56.1% to Rs 167 crore versus Rs 107 crore.
• Ebitda up 48.2% to Rs 49.5 crore versus Rs 33.4 crore.
• Margin at 29.6% versus 31.2%.

Krishna GVK is the erstwhile Taj GVK Hotels & Resorts.

Rane Holdings (Q2, Consolidated YoY)

• Net profit at Rs 201 crore versus Rs 23.5 crore.
• Revenue up 35.3% to Rs 1,893 crore versus Rs 1,399 crore.

Astra Microwave Products (Q2, Consolidated YoY)

• Net profit at Rs 51.1 crore versus Rs 23.9 crore.
• Revenue up 22% to Rs 263 crore versus Rs 215 crore.
• Ebitda up 84% to Rs 88 crore versus Rs 48 crore.
• Margin at 33.4% versus 22.3%.

Nava (Q2, Consolidated YoY)

• Net profit at Rs 315 crore versus Rs 130 crore.
• Revenue up 29.9% to Rs 1,252 crore versus Rs 964 crore.
• Ebitda up 51.7% to Rs 478 crore versus Rs 315 crore.
• Margin at 38.13% versus 32.65%.
• Other income at Rs 83 crore versus Rs 26 crore.

Hindustan Aeronautics Ltd.'s stock surged over 1% to a high of Rs 5,010 apiece on the NSE. The shares pared gains to trade 0.82% higher at Rs 4,949 by 11:55 a.m. 

Management commentary on emerging growth areas and margin risks will be the key focus when Hitachi Energy announces its Q2 results.

Investors will watch for updates on the company's expanding offerings in the data centre and BESS segments, which continue to see strong investment activity. Any commentary on the impact of a slowdown in global AI-related capital expenditure will also be closely monitored.

The market will also look for management's assessment of commodity price trends, competitive intensity, and the ramp-up timeline for the new Vadodara transformer facility, which is expected to contribute from FY28.

Hitachi Energy India is expected to report a healthy performance in the September quarter, supported by execution of its record order backlog and sustained demand from the power sector.

The company is estimated to report revenue of Rs 2,740 crore, EBITDA of Rs 448 crore, and profit after tax of Rs 359 crore. EBITDA margin is expected at 16.35%.

Growth is likely to be driven by strong execution of the company's Rs 32,200 crore order backlog, while order inflows are expected to remain robust across utilities, renewable energy integration projects, battery energy storage systems (BESS) and data centres.

While HAL's Q2 earnings are expected to be strong, investors will focus on execution updates and delivery timelines across key defence programmes.

Key monitorables include progress on Tejas Mk1A deliveries, pending radar and missile integration clearances, and execution of the HTT-40, ALH and Su-30 upgrade programmes.

Investors will also watch for updates on conversion of HAL's Rs 90,000 crore order pipeline, growth in the MRO business, supply-chain trends and management's confidence in achieving its FY27 EBITDA margin guidance of 30-31%.

Hindustan Aeronautics Ltd. is expected to report a healthy set of earnings for the September quarter, aided by higher aircraft and helicopter deliveries, growth in its repair and overhaul business, and improving manufacturing execution.

According to Bloomberg estimates, revenue is expected to rise 13% year-on-year to Rs 7,483 crore from Rs 6,629 crore. EBITDA is seen growing 23% to Rs 1,924 crore from Rs 1,558 crore, while EBITDA margin is likely to expand by 220 basis points to 25.7% from 23.5% a year earlier.

Net profit is estimated at Rs 1,899 crore, up 14% from Rs 1,669 crore in the corresponding period last year.

The quarter is expected to benefit from higher deliveries of HTT-40 trainer aircraft, Dhruv NG helicopters and LCA FOC twin-seat trainers. Improvement in supplies of GE F404 engines and progress on the Tejas Mk1A programme are also expected to support investor sentiment.

Apart from manufacturing, HAL's repair and overhaul (ROH) business is likely to provide a steady revenue base during the quarter. Analysts expect a combination of manufacturing ramp-up and a favourable product mix to support both revenue growth and margin expansion.

Hello corporate enthusiasts! This is Khushi and I am back to give you all earnings-related updates through the day. After a lighter Wednesday, we seem to have a jam-packed Thursday on the Q2 results front.