10 months ago
Companies Announce Mixed Q2 FY26 Earnings
Many companies in India shared how much money they made in the last three months, from July to September 2025.
Some companies, like TVS Motor and Shree Cement, did really well, making more money than last year.
TVS Motor, which makes vehicles, saw its sales go up a lot.
Shree Cement, a building materials company, also saw its profits increase significantly.
However, other companies had mixed results.
Jindal Steel and Coal India had profits that were a bit lower than the year before.
L&T, a big engineering company, also saw its profit-making ability, measured by EBITDA margin, go down.
These reports help investors understand how these companies are doing financially.
Numerous Indian companies, including TVS Motor, Jindal Steel, and Shree Cement, released their Q2 FY26 earnings on October 28-29, 2025.
TVS Motor reported a significant year-on-year increase in revenue and profit for Q2 FY26.
Shree Cement saw a substantial rise in its Q2 FY26 net profit compared to the previous year.
Jindal Steel and Coal India experienced slight year-on-year decreases in net profit for the quarter.
Companies like L&T reported lower EBITDA margins in Q2 FY26 compared to the same period last year.
- Who
- Multiple Indian companies including TVS Motor, Jindal Steel, Shree Cement, Coal India, L&T, BHEL, CG Power, and Apollo Pipes.
- What
- Announced their financial results for the second quarter of Fiscal Year 2026 (Q2 FY26), with varying performances across revenue, EBITDA, and net profit.
- Where
- India
- When
- October 28-29, 2025
- Why
- Regular quarterly financial reporting to shareholders and the market.
Analysts' Expectations
Reported Financials
Net Profit
Analysts' Expectations
Analysts expected a higher net profit for Jindal Steel (₹779 crore vs ₹860 crore) and Coal India (₹6196 crore vs ₹6289 crore).
Reported Financials
Reported net profits for Jindal Steel were ₹779 crore and for Coal India were ₹6196 crore, slightly below previous year figures in some cases.
EBITDA Margins
Analysts' Expectations
EBITDA margins were expected to decrease for Jindal Steel (16.8% vs 19.6%) and Coal India (27.9% vs 28.1%).
Reported Financials
Reported EBITDA margins for Jindal Steel were 16.8% and for Coal India were 27.9%, showing a slight decrease compared to the previous year.
Key facts
- Q2 FY26 Earnings Date
- October 28-29, 2025
- Companies Reporting
- TVS Motor, Jindal Steel, Shree Cement, Coal India, L&T, BHEL, CG Power, Apollo Pipes, etc.
- TVS Motor Q2 Revenue
- ₹11,487 crore (YoY increase)
- Shree Cement Q2 Net Profit
- ₹313 crore (YoY increase)
- Coal India Q2 Net Profit
- ₹6,196 crore (Slight YoY decrease)
- L&T Q2 EBITDA Margin
- 9.93% (YoY decrease)
- BHEL Q2 Net Profit
- ₹287 crore (YoY increase)
Timeline
US eyed tariffs on Russian oil, aiming to pressure Russia.
Then, India braced for trade disagreements with the US.
Consequently, India slashed its Russian oil imports.
In response, Indian Oil saw profits surge.
Improved margins boosted its profit to over 8,190 crore rupees.
Quotes
Rajiv Sabharwal
Managing Director and CEO of Tata Capital
“We continue to leverage our digital and GenAI capabilities for improving customer experience and operating efficiency”
thehindubusinessline.com
“recent GST reduction is expected to boost consumption in the second half of FY26”
thehindubusinessline.com
Nitin Jain
Senior Research Analyst at Bonanza
“rich valuation”
thehindubusinessline.com
“While the listing garnered attention for scale and pedigree, the stock’s future re-rating hinges on delivering consistent financial performance”
thehindubusinessline.com
Sources
India’s power demand to grow by 4-4.5% in FY26: ICRA
IndianOil reports ₹8,191 crore net profit in Q2 FY26
Russian oil: IndianOil to abide by all international sanctions
Indian Oil Q2 FY26 result: Posts Rs 8,190 crore profit vs Rs 448 crore loss last year
Q2 results 2025: TVS Motor, Adani Green, Tata Capital, Jindal Steel among companies to declare earnings today
IndianOil, Chennai Petroleum to not buy crude oil from Rosneft, Lukoil
IOC Q2 Results LIVE: Profit could surge multi-fold on low base; stock jumps 2% ahead of earnings
Q2 Results LIVE Updates: IOC, Mazagon Dock react to earnings; Tata Capital reports today
IOC Q2 profit surges multi fold to Rs 7,610 crore; revenue rises 4% YoY
Q2 Results 28th Oct Live: TVS Motor, Adani Green Energy, ATGL, Jindal Steel, Premier Energies, Shree Cement, Aditya Birla Real Estate, Blue Dart, Tata Capital, Star Health to announce Q2 results, Adan
Tata Capital posts record quarterly profit, stock closes at ₹330.60
Many complications in ties with America
Improving asset quality, healthy loan growth positives for ICICI Bank
‘Will abide by all sanctions…’: Indian Oil Corporation on US, EU curbs
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