10 months ago
Market Movers: BPCL, Schaeffler India, Patanjali Foods Report Strong Q2 Results
Many companies shared their recent financial results and news.
BPCL, a major oil company, made more profit than last quarter and is giving out a dividend.
Schaeffler India and Patanjali Foods also saw their profits grow significantly.
However, Godrej Consumer Products and Balkrishna Industries had a slight decrease in their profits compared to last year.
Titagarh Rail Systems and Zen Technologies, along with the joint venture of Astra Microwave Products, announced they had won big new orders from government agencies for projects like metro lines and defense equipment.
On a different note, Hindustan Unilever received a large tax demand, but they plan to fight it.
Tata Chemicals experienced a significant drop in profit, while JK Cement and Phoenix Mills showed strong profit growth.
MedPlus Health Services also reported higher profits due to increased sales.
BPCL reported a 5% sequential increase in Q2 FY26 net profit to ₹6,442 crore and announced an interim dividend of ₹7.5 per share.
Schaeffler India and Patanjali Foods saw significant year-on-year profit increases of 22.4% and 67.4% respectively in Q2 FY26.
Godrej Consumer Products experienced a 6.5% year-on-year drop in Q2 net profit, missing estimates.
Titagarh Rail Systems secured a ₹2,481 crore order from MMRDA, while Zen Technologies and Astra Microwave's JV received defence orders worth ₹289 crore and ₹285.56 crore respectively.
Hindustan Unilever faces a ₹1,986.25 crore tax demand order for FY2020–21, which it intends to appeal.
Tata Chemicals reported a 60% year-on-year decline in Q2 FY26 net profit to ₹77 crore.
JK Cement and Phoenix Mills announced strong year-on-year profit growth of 27.6% and 39.5% in Q2 FY26.
- Who
- Multiple companies including Bharat Petroleum Corporation Ltd (BPCL), Balkrishna Industries Ltd, Schaeffler India, Patanjali Foods Ltd, Godrej Consumer Products, Titagarh Rail Systems Ltd, Zen Technologies, MedPlus Health Services Ltd, NCC Ltd, Hindustan Unilever Ltd, Phoenix Mills Ltd, Astra Microwave Products Ltd, Zensar Technologies Ltd, Tata Chemicals, and JK Cement.
- What
- Reported financial results for Q2 FY26, received significant orders, or faced tax demands.
- Where
- India
- When
- Primarily for the second quarter of fiscal year 2026 (Q2 FY26), with some order announcements related to April 2025 and tax demands for FY2020-21.
- Why
- Companies reported varied financial performances due to market conditions, operational efficiencies, and strategic growth initiatives. Orders were secured for infrastructure development, defence upgrades, and specialized systems.
Key facts
- Bharat Petroleum Corporation Ltd
- Q2 FY26 Net Profit: ₹6,442 crore (up 5% QoQ); Revenue: ₹1.04 lakh crore (down 6.8% QoQ); Interim Dividend: ₹7.5 per share.
- Balkrishna Industries Ltd
- Q2 FY26 Net Profit: ₹273 crore (down 21.3% YoY); Revenue: ₹2,393 crore (down 1.1% YoY); Second Interim Dividend: ₹4 per share.
- Schaeffler India
- Q2 FY26 Net Profit: ₹289.3 crore (up 22.4% YoY); Revenue: ₹2,434.6 crore (up 15% YoY).
- Patanjali Foods Ltd
- Q2 FY26 Net Profit: ₹517 crore (up 67.4% YoY); Revenue: ₹9,344.9 crore (up 21% YoY).
- Godrej Consumer Products
- Q2 Net Profit: ₹459.3 crore (down 6.5% YoY); Revenue: ₹3,825 crore (up 4.3% YoY).
- Titagarh Rail Systems Ltd
- Order Secured: ₹2,481 crore from MMRDA for Mumbai Metro Line 5.
- Zen Technologies
- Orders Received: ₹289 crore from Ministry of Defence for anti-drone systems.
- Hindustan Unilever Ltd
- Tax Demand Order: ₹1,986.25 crore for FY2020–21; Company to appeal.
- Phoenix Mills Ltd
- Q2 FY26 Net Profit: ₹304 crore (up 39.5% YoY); Revenue: ₹1,115.4 crore (up 21.5% YoY).
- Astra Microwave Products Ltd
- JV Order: ₹285.56 crore from Ministry of Defence for communication systems.
- Tata Chemicals
- Q2 FY26 Consolidated Net Profit: ₹77 crore (down 60% YoY); Revenue: ₹3,877 crore (down 3.1% YoY).
- JK Cement
- Q2 FY26 Net Profit: ₹160.5 crore (up 27.6% YoY); Revenue: ₹3,019 crore (up 18% YoY).
Quotes
Hindustan Unilever Ltd
The company that received a tax demand order.
“The company said it will appeal and that the order will not materially impact its financials or operations.”
CNBC TV 18
