Archive · 17 Nov 2025
Share Market Sees Gains on Financials and Mid-Caps; Key Companies Report Q2 Results
The stock market in India went up a little bit on November 17, 2025, because some financial companies and medium-sized companies did well.
Many big companies shared their earnings for the second quarter.
Tata Motors had a tough time because a cyberattack slowed down their Jaguar Land Rover (JLR) car production, causing them to lose money in that part of the business.
Other companies like GMR Airports and Hero MotoCorp reported good results.
Siemens also showed strong revenue growth.
Sun TV's earnings were better than expected, helped by a movie and an acquisition.
Election results in Bihar showed the BJP-led NDA winning, which is seen as bringing political stability and potentially boosting consumer spending.
Overall, some companies are facing challenges, while others are doing well, and the market sentiment is cautiously optimistic.
Indian markets (Sensex and Nifty) saw modest gains, driven by financials and mid-cap stocks.
Tata Motors reported significant Q2 financial misses due to a cyberattack impacting JLR production and margins.
GMR Airports and Hero MotoCorp reported strong Q2 results, with GMR beating EBITDA estimates and Hero seeing festive volume growth.
Sun TV's Q2 revenue and EBITDA exceeded expectations, boosted by movie performance and an acquisition.
The BJP-led NDA's victory in Bihar state elections is seen as a positive for political stability and consumer stocks.
- Who
- Various Indian companies including Tata Motors, GMR Airports, Hero MotoCorp, Siemens, LG Electronics, Apollo Tyres, MRF, Ajax Engineering, NMDC, Bharat Forge, Amber Enterprises, Sun TV, NBCC, Torrent Power, and DCB Bank, as well as political parties BJP and NDA.
- What
- The Indian stock market experienced gains driven by financials and mid-cap stocks, with several companies releasing their Q2 earnings reports, and political parties securing victories in state elections.
- When
- November 17, 2025 (Share Market Highlights and Q2 Results), November 2025 (Bihar Elections).
- Where
- India
- Why
- Market gains were attributed to strong performance in financials and mid-caps, positive earnings reports, and political stability from election results. Companies reported varied results, with some impacted by cyberattacks and others showing strong growth in specific segments.
Company A
Company B
Q2 Financial Performance
Company A
Reported EBITDA loss due to cyberattack disruptions, with headwinds for JLR including competition, consumption tax, and aging models.
Company B
Reported a 2Q miss with significant disruption at JLR due to a cyberattack, leading to substantial production losses and negative EBITDA.
Future Outlook for JLR
Company A
Expects a modest recovery in ad sales in FY27-28E, but foresees continued drag from JLR despite potential for India PV business.
Company B
Management expects continued production losses in 3Q due to the cyberattack and forecasts a reduced EBIT margin for JLR in FY26, with negative free cash flow.
Growth Drivers
Company A
Confident in strong growth for the India PV business, especially in small-to-mid SUVs, following GST cuts.
Company B
JLR's performance is a significant drag, and while India PV business shows promise, it may not offset JLR's challenges.
- Market Movement
- Sensex up 0.46%, Nifty up 0.4%
- Tata Motors Q2 JLR EBITDA
- GBP(78)mn
- JLR FY26 EBIT Margin Guidance
- 0-2%
- GMR Airports Q2 EBITDA Beat
- +74% YoY
- Hero MotoCorp Festive Volumes
- +17%
- Siemens 4QFY25 Revenue Growth
- +16% YoY
- Apollo Tyres EU Operations EBITDA Margin
- 12.7%
- Sun TV Q2 Revenue Growth
- +39% YoY
