BAJAJ AUTO | Oct’25 Sales Update
🏍 Total Sales: 5,18,170 units ↑8% YoY (vs 4,79,707 units)
🚗 2-Wheelers: 4,42,316 units ↑7% YoY — strong export growth of 11%
🚙 Commercial Vehicles: 75,854 units ↑16% YoY — driven by 62% surge in exports
📈 Domestic Sales: Up 3% YoY to 3.14 lakh units; exports up 16%
🔹 YTD (Apr–Oct’25): Overall volumes up 4% YoY — exports up 20% offsetting -5% domestic softness
SHRIRAM FINANCE CEO ON STAKE BUY BUZZ
says There is not Concrete offer
No Question Of Raising Equity At Any Point In Time
We Are In Discussion With Many Banks And Institutions
Note : Earler ( 1 Oct ) Reports Indicated that MUFG To Buy 20 % Stake In Co
SHRIRAM FINANCE | Concall Highlights 🚛
• Commercial Vehicle (CV) demand has increased, reflecting strong fleet activity.
• Company is not seeing any stress in the CV segment.
• Asset values of vehicles have remained strong.
• However, the company witnessed some slowdown in the Construction Equipment segment.
SHRIRAM FINANCE: CEO DENIES STAKE SALE REPORTS, SAYS NO CONCRETE OFFER RECEIVED
Company clarified there is no question of raising equity at any point in time.
Management stated it is in discussions with multiple banks and institutions.
Earlier on October 1, reports had suggested that MUFG was looking to buy a 20 percent stake in the company.
Rajesh Jain, Chief RR Kabel to CNBC-TV18
Volume Growth Is Strong, In-line With Target Of 18%
Consolidated Margin Expected At 8.5% For Wires & Cables Segment, Overall 8%
FMEG Segment Expected To Breakeven By End Of FY26
Copper Prices Could Have Short-term Impact On Margin, None Expected In Long Term
Exports Have Been Diverted From Other Markets Due To Uncertainty In The US Market
INDIA HSBC/S&P GLOBAL OCTOBER FINAL MANUFACTURING PMI AT 59.2 VS 57.7 (PREVIOUS)
STEEL STRIPS WHEELS LTD | STRONG OCTOBER PERFORMANCE 🔩
🚗 Monthly Sales: Up 12% YoY in October 2025
🏆 Aluminium Segment: Achieved highest-ever sales, growing 3% YoY
💰 Net Turnover: ₹415.90 Cr vs ₹370.05 Cr in October 2024
BANK OF BARODA Management says
NIM Was Impacted By 7-8 bps Due To IT Refunds
Prudent Liability & Asset Mgmt Is Helping To Improve Asset Quality & Support Growth
Next Quarter, NIMs Are Expected To Remain Rangebound With An Upward Bias
The Full-year Overall Growth Guidance For Loans Is 11-13%
Slippages Are Lower Both QoQ & YoY, Inherent Asset Quality Is Very Good
EQUITAS SMALL FINANCE BANK:
APPOINTMENT OF MR. MANISH AGRAWAL AS PRESIDENT-FINANCE
PREVIOUSLY MR. MANISH AGRAWAL WAS ASSOCIATED WITH KOTAK MAHINDRA BANK AS THE HEAD OF BANK FINANCE FUNCTION
MARUTI SUZUKI:
CO SAYS SAW RECORD SALES IN SEPT QTR|| CO CLOSE TO ANNOUNCE 5TH PLANT ANNOUNCEMENT SOON
BPCL :
India's BPCL buys Upper Zakum crude for December to replace Russian oil, sources say - REUTERS
MAHARASHTRA SCOOTERS Q2 :
NET PROFIT AT 267 CR V 151 CR YOY
REVENUE AT 271 CR V 163 CR
GHV INFRA Q2
💰 Net Profit: ₹11.24 Cr vs ₹4.7 Cr (↑ YoY)
📊 Revenue: ₹180 Cr vs ₹81 Cr (↑ YoY)
⚙️ EBITDA: ₹22.21 Cr vs ₹8.4 Cr (↑ YoY)
📈 EBITDA Margin: 12.1% vs 10.3% (YoY improvement)
Thangamayil Jewellery Ltd Q2 FY26 Results
Revenue: ₹170.64 Cr vs ₹177.81 Cr
(-4.0% YoY & 9.8% QoQ)
PBT: ₹7.11 Cr vs ₹2.69 Cr
( 164.2% YoY & 74.6% QoQ)
PAT: ₹5.85 Cr vs ₹1.75 Cr
( 234.3% YoY & 28.1% QoQ)
EBITDA: ₹17.12 Cr vs ₹11.16 Cr
( 53.4% YoY & 36.6% QoQ)
EBITDA Margin: 10.0% vs 6.3%
( 370bps YoY & 50bps QoQ)
Tata Consumer Products Q2 FY26 Results
▪️ Net Profit: ₹4.04B vs ₹3.67B YoY ( 10.1%)
▪️ Revenue: ₹49.6B vs ₹42.14B YoY ( 17.7%)
▪️ EBITDA: ₹6.72B vs ₹6.26B YoY ( 7.4%)
▪️ EBITDA Margin: 13.53% vs 14.86% YoY
KAYNES:
PILOT PRODUCTION OF SEMICONDUCTORS HAS ALREADY BEGUN IN THE PLANTS OF KAYNES AND CG
THIS IS BEING RAMPED UP NOW: ASHWANI VAISHNAW
DELHIVERY:
CO SAYS FESTIVE SEASON 2025, PHASE 2, OCTOBER - RECORD BREAKING VOLUMES DELIVERED
TATA CONSUMER Q2 HIGHLIGHTS
FOODS BIZ REVENUE GROWTH OF 19 % V EST 12-14 %
INT BIZ REVENUE GROWTH OF 9 % V EST 6-8 %
BEVERAGES REVENUE GROWTH OF 12 % V 6-8 % EST
AMBUJA CEMENTS Q2 RESULTS 🏗
• Net Profit: 18B Rupees ↑ vs 5B (YoY)
• Revenue: 91.3B Rupees ↑ vs 73B (YoY)
• EBITDA: 17.60B Rupees ↑ vs 11.11B (YoY)
• EBITDA Margin: 19.2% ↑ vs 15.22% (YoY)
AMBUJA CEMENTS Q2 RESULTS 🏗
• Net Profit: ₹1,765 Cr ↑ vs ₹480 Cr (YoY)
• Revenue: ₹9,173 Cr ↑ vs ₹7,552 Cr (YoY)
• EBITDA: ₹1,761 Cr ↑ vs ₹1,111 Cr (YoY)
• EBITDA Margin: 19.19% ↑ vs 14.72% (YoY)
AJANTA PHARMA Q2 RESULTS 💊
• Net Profit: 2.6B Rupees ↑ vs 2.16B (YoY)
• Revenue: 13.5B Rupees ↑ vs 11.9B (YoY)
• EBITDA: 3.3B Rupees ↑ vs 3.1B (YoY)
• EBITDA Margin: 24.22% ↓ vs 26.22% (YoY)
SUNDARAM FINANCE: Q2 CONS NET PROFIT 4.9B RUPEES VS 4.36B (YOY)
HARSHDEEP HORTICO Q2 RESULTS 🌿
💰 Revenue: ₹32.6 Cr vs ₹24.81 Cr YoY ↑31%
⚙️ EBITDA: ₹8.44 Cr vs ₹5.86 Cr YoY ↑44%
📈 EBITDA Margin: 25.87% vs 23.61% YoY ↑226 bps
🏦 Net Profit: ₹5.7 Cr vs ₹4.22 Cr YoY ↑35%
Overall Impact: Positive 🟢 – Strong YoY growth across revenue, EBITDA, and profitability reflects operational efficiency and sustained demand momentum.
TAJ GVK HOTELS Q2 FY26 RESULTS 🏨
📊 Financial Highlights:
• Revenue: ₹107.18 Cr 🔼 vs ₹105.16 Cr (YoY)
• EBITDA: ₹33.65 Cr 🔼 vs ₹29.47 Cr (YoY)
• EBITDA Margin: 31.37% 🔼 vs 28.02%
• Net Profit: ₹27.5 Cr 🔼 vs ₹24.23 Cr (YoY)
💡 Insight: Continued margin expansion reflects strong operating efficiency and sustained room demand across key properties.
Overall Impact: 🟢 Positive – Healthy profitability and improved cost structure support steady performance momentum.
HARSHDEEP HORTICO Q2 :
NET PROFIT AT 5.7 CR V 4.22 CR YOY
REVENUE AT 32.6 CR V 24.81 CR
GE Vernova Q2 FY26
• Net Profit: ₹299 Cr ↑ vs ₹144 Cr (YoY)
• Revenue: ₹1,538 Cr ↑ vs ₹1,107 Cr (YoY)
• EBITDA: ₹396 Cr ↑ vs ₹204 Cr (YoY)
• EBITDA Margin: 25.7% ↑ vs 18.48% (YoY)
GE VERNOVA TD INDIA ⚙️
• To invest ₹8 billion in expanding facilities at Vadodara, Hosur, and Padappai
• Investment aimed at boosting capacity of Transformers & Reactors business by 50%
• GIS & AIS products capacity to rise by up to 20%
🚀 Expansion reinforces GE Vernova’s commitment to India’s power infrastructure growth.
MANAGEMENT SPEAKS
AMBUJA CEMENTS SAYS
FY28 target capacity upped by 15 MTPA from earlier 140 MTPA to now 155 MΤΡΑ
Trial run has started for a 4 MTPA new kiln line at Bhatapara, Chhattisgarh
2 MTPA Krishnapatnam GU operationalised
Additional 7 MTPA will be operational at other 3 locations in Q3
Commissioned 200 MW solar power taking RE capacity to 673 MW
Expect to reach 900 MW solar power by year-end, and 1,122 MW by FY27
7 vessels of total 65,800 DWT capacity ordered, share of sea logistics to reach 5%
KAKATIYA CEMENT Q2 RESULTS 🏗️
💸 Net Loss: ₹11.5 Cr ⬇️ from ₹0.69 Cr profit YoY
📉 Revenue: ₹25.4 Cr ⬆️ from ₹22 Cr YoY
⚙️ EBITDA: ₹5.1 Cr loss vs ₹1.77 Cr loss YoY
📉 EBITDA Margin: -20.1% vs 8.07% YoY
STOVE KRAFT Q2 RESULTS 🔥
💰 Net Profit: ₹21.3 Cr ⬆️ from ₹16.7 Cr YoY
📈 Revenue: ₹474 Cr ⬆️ from ₹418 Cr YoY
⚙️ EBITDA: ₹56.6 Cr ⬆️ from ₹49 Cr YoY
📈 EBITDA Margin: 11.96% ⬆️ from 11.7% YoY
Thangamayil hits 20% upper circuit on strong Q2 results
VIMTA LAB Q2 RESULTS 🧪
💰 Net Profit: ₹19.9 Cr ⬆️ from ₹17 Cr YoY
📈 Revenue: ₹101 Cr ⬆️ from ₹84.7 Cr YoY
⚙️ EBITDA: ₹34.23 Cr ⬆️ from ₹29.9 Cr YoY
📉 EBITDA Margin: 33.61% ⬇️ from 35.28% YoY
@BazaarUpdate
MARUTI SUZUKI Chairman says
Small Cars Will Be Key Driver Of Market Share Gains
Expect 10% Growth In Small Car Segment In H2
Confident Of Outperforming Industry Peers
Aim To Regain 50% Market Share By FY31
VODA IDEA:
SC ALLOWS GOVT TO RECONCILE VODAFONE IDEA DUES TILL 2016-17
PUNJAB CHEMICALS & CROP PROTECTION Q2 RESULTS 🌿
• Net Profit: ₹185 Mn ↑ vs ₹124 Mn (YoY) — ↑49%
• EBITDA: ₹262 Mn ↑ vs ₹256 Mn (YoY) — ↑2%
• EBITDA Margin: 10.3% ↓ vs 10.6% (YoY) — ↓30 bps
DEFENCE, FERTILIZERS STOCKS : Sources - CNBC AWAAZ
Russian President may visit India in the first week of December
Major announcements possible for defense and fertilizer sectors
PUTIN'S INDIA VIST , PUTIN LIKELY TO VISIT INDIA ON 5-6 DEC - CNBC AWAAZ
Discussion possible on buying defense equipment from Russia: Sources
Deals for S-57 fighter jets, S-400 and S-500 are on the agenda
WESTLIFE FOODWORLD Q2 RESULTS 🍔
• Net Profit: ₹36.95 Cr ↑ vs ₹0.7 Cr (YoY) — ↑>50x
• Revenue: ₹641 Cr ↑ vs ₹618 Cr (YoY) — ↑4%
• EBITDA: ₹67.14 Cr ↓ vs ₹76.01 Cr (YoY) — ↓12%
• EBITDA Margin: 10.46% ↓ vs 12.29% (YoY) — ↓183 bps
📊 DESCO INFRATECH H1FY26 RESULTS
🟩 Revenue: ₹42.04 Cr
▲ 14% HoH | ▲ 86% YoY
💰 Total Income: ₹42.33 Cr
▲ 15% HoH | ▲ 86% YoY
⚙️ Expenses: ₹34.08 Cr
▲ 17% HoH | ▲ 86% YoY
📈 PBT: ₹8.25 Cr
▲ 7% HoH | ▲ 87% YoY
💵 PAT: ₹6.17 Cr
▲ 6% HoH | ▲ 90% YoY
VEDANTA
Co Guides for record EBITDA of approx $6 billion in FY26
SJVN LTD:
BOARD MEETING SCHEDULED ON NOVEMBER 10, 2025;
TO CONSIDER FINANCIAL RESULTS FOR Q2 FY25 AND PROPOSAL FOR RAISING FUNDS THROUGH ASSET SECURITIZATION;
TRADING WINDOW CLOSED FROM OCTOBER 1, 2025, UNTIL NOVEMBER 12, 2025.
GUJARAT FLUOROCHEMICALS LTD:
BOARD MEETING SCHEDULED FOR 11TH NOVEMBER 2025; TO CONSIDER UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR Q2 AND HALF YEAR ENDED 30TH SEPTEMBER 2025;
TRADING WINDOW CLOSED FROM 1ST OCTOBER 2025.
VODAFONE IDEA:
CO CLARIFIES MEDIA REPORT ON US PE GIANT TGH IN TALKS TO INVEST UP TO $6 BILLION;
EXPLORING FUNDRAISING OPPORTUNITIES AND WILL COMPLY WITH SEBI DISCLOSURE OBLIGATIONS
VODA IDEA: Clarifies on media report of $6B US PE investment talks 📰
• Denies report of any $6B investment by US PE firm TGH.
• No such proposal under Board consideration.
• Company says it regularly explores funding options, but nothing material at present.
• Reaffirms compliance with SEBI norms for timely disclosures.
MARKETAT CLOSE
Mkt Manages To Close In The Green, Large Cap Underperformance Continues
Midcap Outperformance Keeps Mkt Breadth In Favour Of Advances
Midcap Index Hits 52-week High Of 60,400, Highest Level Since Oct 1, 2024
Sensex Rises 40 Points To 83,978 & Nifty 41 Points To 25,763
Midcap Index Gains 462 Points To 60,287 & Nifty Bank 325 Points To 58.111
TBO TEK Q2 RESULTS 📊
• Net Profit: ₹67.54 Cr ↑12% YoY | ↑7% QoQ
• Revenue: ₹564 Cr ↑25% YoY | ↑10% QoQ
• EBITDA: ₹85.05 Cr ↑13% YoY | ↑15% QoQ
• EBITDA Margin: 15.06% vs 16.72% YoY | 14.48% QoQ ⬇️
WEBSOL ENERGY Q2 HIGHLIGHTS
💰 Net Profit: ₹46.32 Cr ↑10% YoY | ↓31% QoQ
📦 Revenue: ₹168 Cr ↑17% YoY | ↓23% QoQ
⚙️ EBITDA: ₹72.29 Cr ↑15% YoY | ↓30% QoQ
📊 EBITDA Margin: 42.97% ≈ Stable (vs 43.68% YoY) | ↓ (vs 47.3% QoQ)
JK PAPER Q2 HIGHLIGHTS
💰 Net Profit: ₹74.75 Cr ↓42% YoY | ↓8% QoQ
📦 Revenue: ₹1,748 Cr ↑4% YoY | ↑4% QoQ
⚙️ EBITDA: ₹224 Cr ↓15% YoY | ↓9% QoQ
📊 EBITDA Margin: 12.85% ↓ (vs 15.65% YoY | 14.75% QoQ)
KIRLOSKAR BROTHERS Q2 HIGHLIGHTS
💰 Net Profit: ₹67.4 Cr ↓29% YoY | ↓4% QoQ
📦 Revenue: ₹1,027 Cr ↓1% YoY | ↑5% QoQ
⚙️ EBITDA: ₹108.5 Cr ↓24% YoY | ↓3% QoQ
📊 EBITDA Margin: 10.55% ↓ (vs 13.7% YoY | 11.4% QoQ)
ARVIND SMARTSPACES Q2 HIGHLIGHTS
💰 Net Profit: ₹14.17 Cr ↓65% YoY | ↑27% QoQ
📦 Revenue: ₹140 Cr ↓47% YoY | ↑38% QoQ
⚙️ EBITDA: ₹29.52 Cr ↓55% YoY | ↑38% QoQ
📊 EBITDA Margin: 21% ↓ (vs 24.83% YoY) | ≈ Stable (vs 21.1% QoQ)
GALLANTT ISPAT Q2 HIGHLIGHTS
💰 Net Profit: ₹87.23 Cr ↑78% YoY | ↓50% QoQ
📦 Revenue: ₹1,012 Cr ↑7% YoY | ↓10% QoQ
⚙️ EBITDA: ₹131.5 Cr ↑35% YoY | ↓47% QoQ
📊 EBITDA Margin: 13% ↑ (vs 10.35% YoY) | ↓ (vs 21.89% QoQ)
CITY UNION BANK Q2 HIGHLIGHTS
🏦 Net Profit: ₹328 Cr ↑15% YoY | ↑7% QoQ
💰 NII: ₹667 Cr ↑15% YoY | ↑7% QoQ
⚙️ Operating Profit: ₹471 Cr ↑10% YoY | ↑4% QoQ
📉 Provisions: ₹57 Cr ↓19% QoQ
📊 Asset Quality:
• Gross NPA: 2.42% ↓ (vs 2.99% QoQ)
• Net NPA: 0.9% ↓ (vs 1.2%)
INDIA FOREIGN MINISTER:
INDIAN RELIEF MATERIAL FOR EARTHQUAKE IMPACTED COMMUNITIES IN AFGHANISTAN BEING HANDED OVER TODAY
SAYS FURTHER SUPPLIES OF MEDICINES TO REACH AFGHANISTAN SOON
BHARTI AIRTEL Q2 VS ESTIMATES 📊
• Net Profit: ₹6,791 Cr vs ₹6,600 Cr — ✅ Beat
• Revenue: ₹52,145 Cr vs ₹51,006 Cr — ✅ Beat
• EBITDA: ₹29,642 Cr vs ₹29,005 Cr — ✅ Beat
• EBITDA Margin: 54.84% vs 56.90% — ❌ Miss
BHARTI AIRTEL Q2 RESULTS 📶
• Net Profit: ₹6,791 Cr ↑14% QoQ | ↑89% YoY
• Revenue: ₹52,145 Cr ↑5% QoQ | ↑26% YoY
• EBITDA: ₹29,642 Cr ↑6% QoQ | ↑29% YoY
• EBITDA Margin: 56.84% (vs 56.44% QoQ | 55.26% YoY)
• ARPU: ₹256 ↑2% QoQ
HITACHI ENERGY Q2 RESULTS ⚡
• Net Profit: ₹264 Cr ↑406% YoY | ↑101% QoQ
• Revenue: ₹1,832 Cr ↑18% YoY | ↑24% QoQ
• EBITDA: ₹298 Cr ↑172% YoY | ↑93% QoQ
• EBITDA Margin: 16.31% (vs 7.06% YoY | 10.47% QoQ)
RATNAVEER PRECISION Q2 RESULTS ⚙️
• Net Profit: ₹15.4 Cr ↑26% YoY | ↑3% QoQ
• Revenue: ₹285 Cr ↑24% YoY | ↑8% QoQ
• EBITDA: ₹28.25 Cr ↑15% YoY | ↑4% QoQ
• EBITDA Margin: 9.88% (vs 10.65% YoY | 10.2% QoQ)
BHARTI HEXACOM Q2 RESULTS 📶
• Net Profit: ₹421 Cr ↑8% QoQ | ↑66% YoY
• Revenue: ₹2,317 Cr ↑2% QoQ | ↑10% YoY
• EBITDA: ₹1,208 Cr ↑4% QoQ | ↑21% YoY
• EBITDA Margin: 52.13% (vs 51.29% QoQ | 47.76% YoY)
• ARPU: ₹251 ↑2% QoQ
GLAND PHARMA Q2 RESULTS 💊
• Net Profit: ₹183 Cr ↑12% YoY | ↓15% QoQ
• Revenue: ₹1,486 Cr ↑6% YoY | ↓1% QoQ
• EBITDA: ₹313 Cr ↑6% YoY | ↓15% QoQ
• EBITDA Margin: 21.11% (vs 21.13% YoY) | 24.42% (QoQ)
Titan reports
#Q2Results:
▶️Net Profit up 42.7% at ₹1,006 Cr Vs ₹705 Cr (YoY)
▶️Revenue up 25.1% at ₹16,534 Cr Vs ₹13,215 Cr (YoY)
▶️EBITDA up 43% at ₹1,620 Cr Vs ₹1,133 Cr (YoY)
▶️Margin at 9.8% Vs 8.6% (YoY)