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KEC International

Consolidated revenue stood at Rs 6,092 crore growing by 19.1% YoY. EBITDA was up by 34.3% YoY to Rs 430 crore and EBITDA margin stood at 7.1% in Q2FY26 vs. 6.3% in Q2FY25.

Net profit stood at Rs 161 crore in Q2FY26 vs. Rs 85 crore in Q2FY25 (89.4% YoY). The order book has been substantially strengthened with multiple strategic wins, taking the combined order book and L1 position to a record level of over Rs. 44,000 crore.

Vikran Engineering

Company announced Letter of Award (LoA) accepted on 10th November 2025 from Carbonminus Maharashtra One Private Limited (SPV) of Rs. 1641.91 crores for development of 505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra.

Map My India

Revenue for the quarter grew 9.7% YoY at Rs 113.8 crore. EBITDA margin slipped 1150bps YoY at 24.65%. Net profit was down39%YoYat Rs 18.5 crore.

In Q2FY26, a specific Govt. project had higher technical outsourcing cost upfront leading to initial lower margin. Further Q2FY26 margin was impacted by lumpy high margin corporate map-led revenue.

Power Mech Projects

Consolidated revenue stood at Rs 1,237.8 crore growing 28.4% YoY. EBITDA was up by 19% YoY to Rs 147 crore and EBITDA margin stood at 11.8% in Q2FY26 vs. 11.9% in Q2FY25. Net profit stood at Rs 78.1 crore in Q2FY26 vs. Rs 69.5 crore in Q2FY25 (+12.3% YoY).

Esab India

Consolidated revenue stood at Rs 3,815.5 crore growing by 12.7% YoY. EBITDA was up by 17.5% YoY to Rs 722.2 crore. Net profit stood at Rs 792 crore in Q2FY26 vs. Rs 431.6 crore in Q2FY25 (83.5% YoY). Company received the entire proceeds towards the land held for sale at Khardah, West Bengal which has been recorded as exceptional items.

The Anup Engineering

Consolidated net revenue was up by 20.2% YoY to Rs 232.3 crore in Q2FY26. EBITDA was up 18.7% YoY to Rs.51.5 crore in Q2FY26 and EBITDA margin was 22% in Q2FY26 vs. 22.4% in Q2FY25.

Net Profit was down by 1.5% YoY at Rs 32.1 crore in Q2FY26 vs. Rs 32.5 crore in Q2FY25.

DOMS

Operational performance was weak for the quarter. Revenue for the quarter grew 24% YoY at Rs 568cr. Operating margin contracted 130bps YoY at 17.5%. Net profit was up 13.4% YoY at Rs 61cr. Companymaintains guidance of 20%+ revenuegrowth for FY26.

HLE Glascoat

Operational performance was weak for the quarter. Revenue for the quarter increased 48.8% YoY at Rs 350.8cr. Operating margin contracted 355bps YoY at 10.9%.Net profit was down 12% YoY at Rs 12cr. EPS for the quarter stood at Rs 1.76 and it stood at Rs 4.16 for H1FY26. At CMP, the stock trades at 41x FY26E EPS.

Bajaj Finance

Net Interest Income (NII) was up 22% at Rs 10,785 crore. Net Profit grew 21.9% to Rs 4,875 crore. Assets Under Management (AUM) increased 24% YoY to Rs 4,62,261 crore. Gross NPA stood at 1.24% vs. 1.03% (QoQ).

Electrosteel castings

Total Income declined by 25.1% YoY to Rs 1,283 crore in Q2FY26 and by 24.0% YoY .EBITDA stood at Rs 174 crores in Q2FY26 and Rs 360 Crores in H1FY26; EBITDA margin was 13.5% for the quarter and 13.3% for the half year. PAT stood at Rs 76 crore in Q2FY26 and Rs 162 crores in H1FY26.

Mahindra EPC Irrigation

Company received an order worth Rs 19.2 crore from Office of the Asst Engineer, Community Micro Irrigation Project.

HEG

HEG reported revenue of Rs. 699 cr. (23% year on year & 13% rise compared to previous quarter). EBITDA margins remained constant at 17% year on year. Also, the company reported a profit of Rs.143 cr. compared to profit of Rs.82 cr. year on year.

Jindal Stainless

Jindal Stainless reported revenue of Rs. 10,893 cr. (11% year on year &7%rise compared to previous quarter). EBITDA margins improved from 12% to 13% year on year. Also, the company reported a profit of Rs.808 cr. compared to profit of Rs.609 cr. year on year.

Gujarat Gas Ltd (IGL) Q2FY26 result highlights

Gujarat Gas revenue was inline with estimates and net profit was Gujarat Gas Ltd (IGL) Q2FY26 result highlights above expectations in Q2FY26. Consolidated net revenue was unchanged YoY to Rs 3,780 crore in Q2FY26.

EBITDA was down by 13% YoY to Rs 447 crore in Q2FY26, and EBITDA margin slipped to 11.8% in Q2FY26 vs. 13.6% in Q2FY25. Net Profit was also down by8.4% YoY to Rs 281 crore in Q2FY26.

HPCL, and MRPL

HPCL, and MRPL have purchased a total of 5 million barrels of crude oil from the spot market as they seek alternatives to Russian supplies, trade sources said. Hindustan Petroleum Corp bought 2 million barrels each of U.S. West Texas Intermediate and Abu Dhabi’s Murban crude for January delivery, while Mangalore Refinery and Petrochemicals Ltd purchased 1 million barrels of Basra Mediumcrude for early January delivery.

Alltime Plastics

Operational performance was weak for the quarter. Revenue for the quarter increased 12.5% YoY at Rs 147.4cr. Operating profit declined 37% YoYat Rs 16.2cr. Net profit was down 69% YoY at Rs 4cr. Finance cost surged 87% YoY at Rs 5cr.

Alkem Laboratories

EU GMP inspection by German Health Authority had conducted an inspection at the Company’s manufacturing facility located at Baddi, India from 4th November, 2025 to 10th November, 2025. The said inspection was concluded today with no critical or major observations.

Baazar Style

Revenue soared 71.0% at Rs 532 crore. EBITDA surged 183.2% at Rs 69.1 crore vs. Rs 24.4 crore. Net Profit shifted from a loss of Rs 8.9 crore to a profit of Rs 51.5 crore. It included exceptional gain of Rs 55.3 crore in the quarter.

Kalpataru Ltd.

Revenue soared 56.8% at Rs 794 crore. EBITDA plunged 81% at Rs 6.7 crore vs. Rs 35.3 crore. Net Profit was down 81.9% to Rs 5.4 crore vs. Rs 30.1 crore

Suraksha Diagnostics

Overall performance was slightly below expectations for the quarter. Revenue for the quarter grew 17.9% YoY at Rs 78.7cr as against estimate of Rs 80cr. Operating margin slipped 470bps YoY at 27.4% as against expectation of 30.5%. Net profit was down 13% YoY at Rs 9cr.

Average revenue per test declined 8.7% YoY at Rs 357. Average revenue per patient remained flat YoY at Rs 2083. Company added 11 centres in H1FY26. Capex for H1FY26 stood at Rs 23.5cr.

As the new centres mature, their margin contribution will increase, moving overall performance closer to industry benchmarks and supporting improved profitability across network.

Syrma SGS Tech

Overall performance was strong for the quarter. Revenue for the quarter grew 37% YoY at Rs 1146cr. It was led by growth across segments. Operating margin improved 130bps YoY at 10.1%. Net profit was up 67.3% YoY at Rs 66.3cr. Other Income increased 22.3% YoY at Rs 8.7cr.

Syrma to acquire 60% majority stake in Elcome for Rs 235 crore, through a mix of primary capital infusion and secondary share purchase. The remaining 40% stake to be acquired in multiple tranches over next 3 years, linked to performance and earn-out milestones. Trough this acquisition, Syrma to Foray into Defence and Maritime Business

Subros

Revenue grew 6.2% at Rs 880 crore. EBITDA declined 10.5% at Rs 68.5 crore. Net Profit increased 11.9% YoY to Rs 40.7 crore. Other Income was at Rs 19.5 crore vs. Rs 6.3 crore, a year ago.

Source – HDFC Securities, Prime Daily, 11 Nov 2025