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Bajaj Finserv Consolidated Profit After Tax Rises 8% in Q2 FY26

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Bajaj Finserv reported strong financial results for Q2 FY26, with consolidated total income rising by 11% to ₹37,403 crore. Consolidated profit after tax increased by 8% to ₹2,244 crore. Bajaj Finance continues to drive growth, with a 22% increase in consolidated profit after tax. The company’s emerging businesses continue to expand as well.

Key Financial Highlights

The company’s consolidated total income reached ₹37,403 crore, an increase of 11% compared to Q2 FY25. Consolidated profit after tax also saw an increase, reaching ₹2,244 crore, an 8% year-over-year increase.

H1 FY26 saw consolidated total income reach ₹72,854 crore, a 12% increase, and consolidated profit after tax reached ₹5,033 crore, a 19% increase.

Subsidiary Performance

Bajaj Finance reported a 22% increase in consolidated profit after tax, reaching ₹4,876 crore for Q2 FY26. Bajaj General reported profit after tax of ₹517 crore, an increase of 5%.

Bajaj Life’s net value of new business increased by 50% to ₹367 crore. The value of new business margin is at its highest ever, 14.8%.

Update on Acquisition

The acquisition of a 26% equity stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited, owned by Allianz SE, will be completed in tranches by October 16, 2026. The regulatory approvals have been received, and the companies have started operating as Bajaj Life Insurance Limited and Bajaj General Insurance Limited since October 7, 2025.

Source: BSE

Syrma SGS Technology Monitoring Agency Report for Q2 FY26

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Syrma SGS Technology has released the Monitoring Agency Report for the second quarter of fiscal year 2026. The report, issued by CARE Ratings, covers the utilization of proceeds from the Qualified Institutional Placement (QIP). The report highlights that ₹683.462 crore was used for repayment and/or pre-payment of outstanding borrowings. As of September 30, 2025, unutilized amount stands at ₹297.048 crore invested in fixed deposits and current accounts.

QIP Proceeds Utilization

Syrma SGS Technology’s Monitoring Agency report indicates that a significant portion of the QIP proceeds has been allocated towards debt reduction. A total of ₹683.462 crore was directed towards repaying or prepaying existing borrowings. This move is aimed at strengthening the company’s financial position and optimizing its capital structure, reducing the overall financial burden.

Unutilized Funds

As of September 30, 2025, Syrma SGS Technology retains ₹297.048 crore of the QIP proceeds, and the entire amount is placed in fixed deposits and a current account. According to the report, ₹224.262 crore is earmarked for general corporate purposes, while ₹25.738 crore is assigned to issue-related expenses.

Fixed Deposit Details

The unutilized funds are strategically invested in short to medium-term fixed deposits with various banks to optimize returns while maintaining liquidity. The report specifies investments across ICICI Bank (₹17.000 crore), SBI Bank (₹65.005 crore), HDFC Bank (₹65.347 crore), Axis Bank (₹50.304 crore), RBL Bank (₹50.000 crore), and YES Bank (₹50.000 crore). There is also ₹0.048 crore in an ICICI CC Account.

No Major Deviations

The Monitoring Agency confirms that the utilization of funds aligns with the objectives outlined in the Offer Document. There are no reported deviations from the intended use of the QIP proceeds. All necessary government and statutory approvals are in place.

Source: BSE

Finolex Cables Board Approves Q2 Results, Dividend Recommended

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Finolex Cables’ Board approved the Q2 results on November 11, 2025, showcasing strong financial performance. Revenues reached ₹1375.8 Cr. Profit after tax stood at ₹186.9 Cr. The board also recommended a dividend of ₹8.00 per equity share. Production trials at the Preform Facility are expected to be completed by the end of the year.

Financial Performance

Finolex Cables reported revenues of ₹1375.8 Cr for the quarter ending September 2025 (Q2), a 5% increase compared to ₹1311.7 Cr in the same period of the previous year. Electrical Wires were flat, while Power Cables grew by about 40%.

Profitability

The profit after tax for the quarter was ₹186.9 Cr, a 28% increase from ₹146.1 Cr in the previous year. For the half year ending September 30th, profit after taxes improved to ₹325.7 Cr. Segment EBIT improved to 10.9% in the quarter.

Dividend Announcement

The Board of Directors recommended a dividend of ₹8.00 per equity share. This dividend was previously approved by shareholders at the Annual General Meeting held on September 29, 2025.

Operational Updates

Production trials at the Preform Facility are expected to be completed by the end of the calendar year.

Segment Performance

Electrical cables revenue was ₹2393.43 Cr for six months ended September. Copper rods revenue was ₹888.48 Cr for the same period. Communication cables revenue reached ₹215.22 Cr.

Source: BSE

Finolex Cables Reports Q2 FY26 Results, Profit Jumps 28%

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Finolex Cables announced its Q2 FY26 results, reporting a 28% increase in profit after tax to ₹186.9 Cr compared to ₹146.1 Cr in the previous year. Revenue for the quarter stood at ₹1375.8 Cr. The company’s Board of Directors approved these results in a meeting held on November 11, 2025.

Financial Performance

Finolex Cables (FCL) reported its financial results for the second quarter of the financial year 2025-26 (Q2 FY26). Revenues for the quarter ending September 2025 reached ₹1375.8 Cr, a 5% increase from ₹1311.7 Cr in the corresponding period of FY25. Profit for the quarter after taxes increased to ₹186.9 Cr compared to ₹146.1 Cr, representing a 28% improvement.

Segmental Performance

In volume terms, the demand for Electrical Wires remained relatively stable, while Power Cables experienced a growth of approximately 40%. Meanwhile, the Communication Cables segment experienced muted growth across all product categories. The company says growth in newer product categories contributed to the segment’s overall turnover. Appropriate pricing actions taken in September focused on ensuring stability in margins and a quick pass-through of metal price volatility. Segment EBIT improved to 10.9% for the quarter.

Half-Yearly Performance

Revenues for the half-year ending September 2025 reached ₹2771.3 Cr, reflecting a 9% growth compared to ₹2542.2 Cr for the corresponding period. Similar to the quarter, volumes for Electrical Wires remained flat, while Power Cables experienced significant growth, climbing over 60%.

Operational Updates

The company anticipates the completion of production trials at the Preform Facility by the end of the current calendar year, with commissioning expected to follow soon thereafter.

Key Financial Metrics (Consolidated)

  • Total Income from Operations: ₹1413.25 Cr
  • Net Profit before Tax: ₹206.20 Cr
  • Net Profit after Tax: ₹162.64 Cr
  • Total Comprehensive Income: ₹155.47 Cr

Source: BSE

Emcure Reports 13% Revenue Growth and 25% Profit Surge in Q2FY26

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Emcure Pharmaceuticals announced a robust financial performance for Q2 FY26, with revenue reaching ₹2,270Cr, a 13.4% year-over-year increase. The company’s EBITDA margins stood at 19.3%, translating to an EBITDA of ₹439Cr, a 15.2% YoY growth. Profit after tax (PAT) soared by 25% to ₹251Cr. The company’s domestic sales grew by 11%, and international sales increased by 16%.

Financial Highlights

Emcure Pharmaceuticals reported strong Q2FY26 results, demonstrating growth across both domestic and international markets. Key figures include:

  • Revenue from Operations: ₹2,270Cr (up 13.4% YoY)
  • EBITDA: ₹439Cr (up 15.2% YoY), with margins at 19.3%
  • Profit After Tax (PAT): ₹251Cr (up 24.7% YoY)

Domestic Performance

Domestic business grew by 10.6%, driven by key therapies and strategic initiatives. Emcure is partnering with Novo Nordisk to launch Poviztra® in India for chronic weight management. Emcure also completed the acquisition of the minority stake in its Zuventus subsidiary this quarter.

International Growth

International business expanded by 15.8%. Europe demonstrated a robust 23% growth, boosted by new product launches and Manx ramp-up. Canada continued its strong growth trajectory with an 18% increase. The Rest of World segment maintained its momentum with non-ARV products.

Segmental Revenue Breakdown

A summary of revenue distribution across geographies:

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Executive Commentary

Satish Mehta, CEO and Managing Director of Emcure Pharmaceuticals Ltd., commented on the results: “Q2 saw strong performance across all our businesses. We continue to augment our portfolio in all our focus markets though in-licensing and inhouse developments. Novo Nordisk partnership positions us well in the fast-growing obesity segment and gives us an early entry enabling us to shape the market. We remained focus on delivering strong growth along with margin improvement in all our key businesses.”

Source: BSE

RITES Limited Board Approves Interim Dividend and Financial Results for Q2 2026

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The Board of Directors of RITES Limited approved the Un-audited Standalone and Consolidated Financial Results for Q2 2026. They also declared an interim dividend of ₹2.00 per share. The record date for the dividend is set for November 15, 2025. The meeting took place on November 11, 2025.

Interim Dividend Declared

RITES Limited announced the declaration of its second interim dividend for the financial year 2025-26 at a rate of ₹2.00 per share (20% of paid-up share capital). The record date for determining shareholders eligible for this dividend is Saturday, November 15, 2025.

Financial Performance Highlights

The Board of Directors approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025.

Standalone Financial Results: Key Figures

Total Income for the quarter ended September 30, 2025 reached ₹561.31 crores compared to ₹553.60 crores for the quarter ended September 30, 2024.

Profit Before Tax for the quarter stood at ₹131.85 crores.

Profit After Tax for the quarter was ₹102.22 crores.

Consolidated Financial Results: Key Figures

Total Income for the quarter ended September 30, 2025 reached ₹579.04 crores compared to ₹562.13 crores for the quarter ended September 30, 2024.

Profit Before Tax for the quarter stood at ₹146.38 crores.

Profit After Tax for the quarter was ₹109.10 crores.

Segment-Wise Revenue

The details of segment-wise revenue are as follows:

  • Consultancy (Domestic): ₹313.41 crores
  • Consultancy (Abroad): ₹14.17 crores
  • Export Sale: ₹60.60 crores
  • Leasing-Domestic: ₹42.84 crores
  • Turnkey Construction Projects: ₹112.97 crores
  • Power Generation: ₹4.75 crores

Source: BSE

Leela Palaces Hotels & Resorts Subsidiary Makes Further Investment in Argon Holdings

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Leela Palaces Hotels & Resorts Limited announces that its wholly owned subsidiary, Aries Holdings (DIFC) Limited, has made a further investment of USD 47.72M in Argon Holdings (DIFC) Limited. As of November 11, 2025, the company continues to exercise 25% of the shares and voting rights in Argon Holdings (DIFC) Limited. There is no change in the control as a result of this investment.

Subsidiary Investment Update

Leela Palaces Hotels & Resorts Limited announced on November 11, 2025, that Aries Holdings (DIFC) Limited, a wholly owned subsidiary incorporated outside India, has made a further investment in Argon Holdings (DIFC) Limited.

Investment Details

The investment amounts to USD 47.72M (Forty-Seven Million Seven Hundred Twenty Thousand US Dollars only). Despite this investment, there is no change in the control of Argon Holdings (DIFC) Limited. The company continues to exercise 25% of the shares and voting rights. Argon Holdings (DIFC) Limited is an investment company incorporated on October 11, 2023.

Argon Holdings Financials

Argon Holdings (DIFC) Limited’s financials are as follows: Turnover for FY-25 is NIL, Turnover for FY-24 is NIL, and Turnover for FY-23 is N.A. The company’s country of presence is the United Arab Emirates (U.A.E.).

Source: BSE

E.I.D. Parry Board Approves Unaudited Results for Quarter and Half Year Ended September 2025

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E.I.D. Parry (India) Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The Board of Directors approved these results on November 11, 2025, following a review by the Audit Committee. These results reflect the company’s performance across various segments including Sugar, Co-generation, and Nutraceuticals. The company continues to implement strategic initiatives to improve cost efficiencies and drive growth.

Financial Highlights

E.I.D. Parry (India) Limited’s Board of Directors approved the unaudited standalone and consolidated financial results for Q2 2026 (Jul-Sep) and H1 FY2026 (Apr-Sep) in a meeting held on November 11, 2025.

Standalone Performance

Standalone revenue from operations for the quarter ended September 30, 2025, stood at ₹754 Crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) for the quarter were ₹155 Crore (excluding exceptional items). The standalone loss after tax for the quarter was ₹285 Crore. For H1 FY2026, standalone revenue from operations was ₹1,513 Crore, and EBITDA was ₹168 Crore (excluding exceptional items). The standalone loss after tax was ₹313 Crore.

Consolidated Performance

Consolidated revenue from operations for the quarter ended September 30, 2025, reached ₹11,624 Crore, an increase of 24% compared to the previous year. Earnings before interest, tax, depreciation, and amortization (EBITDA) for the quarter were ₹1,349 Crore, an increase of 31% year-over-year. The consolidated profit after tax and non-controlling interest was ₹424 Crore. For the half-year ended September 30, 2025, consolidated revenue from operations was ₹20,348 Crore, an increase of 27%. EBITDA for the half-year was ₹2,244 Crore, an increase of 44%. The consolidated profit after tax and non-controlling interest was ₹671 Crore.

Segmental Performance

Sugar Division: Reported a Loss before Interest and Tax of ₹(14) Crore for the quarter.

Farm Inputs Division: Reported a Profit before Interest and Tax of ₹1,129 Crore for the quarter.

Nutraceuticals Division: Registered a profit before Interest and Tax of ₹23 Crore for the quarter.

Source: BSE

E.I.D. Parry Board Approves Unaudited Financial Results for Q2 2026

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E.I.D. Parry (India) Limited’s Board has approved the unaudited financial results for Q2 2026. Consolidated revenue from operations reached ₹11,624 Crore, a 24% increase year-over-year. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹1,349 Crore, up by 31%. The company also reported key segment performances and strategic initiatives aimed at improving profitability and market penetration.

Financial Performance Highlights

E.I.D. Parry (India) Limited has announced its unaudited financial results for the quarter ended September 30, 2025 (Q2 2026). The key consolidated financial highlights include:

  • Revenue from operations: ₹11,624 Crore, a 24% increase compared to ₹9,330 Crore in the corresponding quarter of the previous year.
  • EBITDA: ₹1,349 Crore, a 31% increase from ₹1,028 Crore in the corresponding quarter of the previous year.
  • Profit after Tax: ₹424 Crore, compared to ₹306 Crore in the same quarter last year.

Segment Performance

Here’s a brief overview of key segment performances:

  • Sugar: Reported a loss before Interest and Tax of ₹(14) Crore compared to a loss of ₹(38) Crore in the previous year.
  • Farm Inputs: Reported a Profit before Interest and Tax of ₹1,129 Crore compared to ₹959 Crore in the previous year.
  • Nutraceuticals: Registered a profit before Interest and Tax of ₹23 Crore compared to a loss of ₹(5) crore in the previous year.

Strategic Focus

The company is focusing on the following key strategies:

  • Improving farm outcomes to increase cane volume.
  • Remaining agile with policy changes in multi-feed and multi-product distilleries.
  • Maximizing realizations by expanding the institutional business.
  • Leveraging the brand and penetrating the market to grow the Consumer Product Group.

Refinery Business Update

The Refinery Business reported the following:

  • Capacity: 9 LMT
  • H1FY26 Sales: 4.57 LMT
  • H1FY26 Revenue: ₹2,076 Cr

The company is aiming to improve cost efficiencies and remain cost-competitive in its refinery operations.

Source: BSE

Grasim Industries Q2 FY’26 Earnings Call Highlights Expansion and Growth

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Grasim Industries reported its Q2 FY’26 earnings, highlighting a consolidated revenue increase of 8% year-over-year. The company is making strides in its new ventures, with Birla Opus becoming a significant player in the decorative paints sector and Birla Pivot expanding its B2B e-commerce platform. Grasim’s diversified business model and strategic investments in high-growth sectors continue to drive its growth trajectory.

Financial Performance

Grasim Industries has shown consistent revenue growth, marking 21 consecutive quarters of year-on-year increases. The trailing 12-month consolidated revenues reached INR1,59,663 crores, up 8% compared to FY ’25. Standalone revenue also saw a significant increase, reaching INR9,610 crores, a 26% year-on-year growth.

Birla Opus Paints

Birla Opus has emerged as a strong contender in the decorative paints market, now holding the position of the second-largest decorative paints company with 24% of the industry’s capacity. In October 2025, production commenced at their sixth and largest plant in Kharagpur, West Bengal, adding a capacity of 236 million liters per annum. The brand’s focus remains on bridging the gap between volume market share and capacity share, with premium and luxury products contributing upwards of 65% of revenue.

Birla Pivot B2B E-Commerce

Birla Pivot is expanding its reach and product portfolio to become a full-stack raw material procurement platform, targeting a USD200 billion B2B e-commerce market by 2030. The platform now includes polymers, solvents, textile chemicals, and nonferrous metals. Revenues in Q2 FY’26 were up sequentially by 15% despite monsoon conditions, and the company aims to achieve INR8,500 crores or $1 billion in revenue by FY’27.

Segmental Highlights

The Cellulosic Fiber business reported stable fiber utilization rates in China improving to 89% during Q2 FY’26. The total sales volume for Cellulosic Staple Fiber (CSF) was down 5% year-on-year, impacted by logistical issues, now resolved, at Vilayat. Cellulosic Fashion Yarn sales volume increased by 3% year-on-year driven by festive demand. The Chemicals business achieved two-year high revenue driven by performance across caustic soda, chlorine derivatives and specialty chemicals.

Sustainability and Capex

Grasim has outlined a capex of INR2,263 crores for FY ’26, with INR941 crores deployed in the first half. The company’s Birla Cellulosic Fiber division received the highest rating in the Canopy’s Hot Button Report for the sixth consecutive year, highlighting its focus on sustainability. Net debt decreased by INR292 crores, standing at INR6,861 crores as of September 30, 2025.

Source: BSE

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Segment Revenue (₹Cr) YOY Growth (%)
Domestic 1,031 10.6%
International 1,238 15.8%
EM 446 8.6%
EU 444 22.7%
CA 348 17.5%