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Colgate Palmolive – Q2FY26 profit fell 17.1% to Rs 327.5 crore vs Rs 395 crore. Revenue declined 6.2% to Rs 1,519.5 crore vs Rs 1,619.1 crore. EBITDA slipped 6.4% to Rs 465.4 crore vs Rs 497.4 crore. EBITDA margin dropped 10 bps to 30.6% vs 30.7%. The company declared its first interim dividend of Rs 24 per equity share for FY26.

Sagar Cements – Sagar Cements reported revenue of Rs. 602 cr. (27% rise year on year & 10% fall compared to the previous quarter). EBITDA margins improved from 4% to 9% year on year. Also, the company reported a loss of Rs 44 cr., which is a reduction in loss by 23% year on year. The company reported sales volume of 13.6 lakh MT. and EBITDA/ton at Rs 377/ton, which was Rs 172/ton in Q2 FY 25 and Rs 851/ton in Q1 FY26.

Coal India – South Eastern Coalfields Limited, a Coal India arm, has twelve coal mining projects delayed. Issues with environmental clearances and land acquisition are causing these setbacks. This occurs as the government aims to increase domestic coal output. SECL has thirty ongoing projects in total, with eighteen on schedule. The company’s coal reserves are located in Chhattisgarh and Madhya Pradesh.

HUL – Consolidated underlying sales growth (USG) stood at Rs. 16,034 cr; up by 2.0% YoY as underlying volume growth (UVG) was flat on account of the transitionary impact of the new GST regime (trade de-stocking and delayed purchases) and prolonged monsoon.

Gross Margin declined by 19 bps YoY to 51.4% as compared to 51.6% in Q2FY25. EBITDA de-grew by 1.7% YoY (flat QoQ) and EBITDA margin declined by 86 bps YoY to 23.0% (22.5% QoQ) on account of higher ad spends. PAT increased by 3.8% YoY to Rs 2,694 cr.

Hindalco – Hindalco Industries updates that the acquisition of AluChem Companies Inc. by its step-down subsidiary is under review by the Committee on Foreign Investment in the United States.

Kalpataru Projects – Company, along with its international subsidiaries, have secured new orders/notification of awards of approx. Rs 2,332 Crores. The details of the new orders are as follows:

• Orders in the Power Transmission & Distribution (T&D) in the overseas market
• Orders in the Buildings and Factories (B&F) business in India.

Bondada Engineering – The Company has received a letter of intent (LOI) from Adani Green Energy and Adani Green Energy Six (Adani Group) to install a 650 MW solar power project in Khavda Gujarat. The scope of work pertains to the supply of Goods for the Balance of System (BOS) for the 650 MW solar power project at Khavda Renewable Energy Park, Gujarat. The said order is worth Rs 1,050 crore, and it is expected to be completed within 1 year from receipt of (LOI).

Highway Infra – Company has received the Letter of Acceptance (LOA) for the operation of the 4-Lane Ujjain-Garoth (Package I, II, & III) section of NH-752D in the State of Madhya Pradesh for HAM mode. The Letter of Award (LOA) was issued by the National Highways Authority of India (NHAI).

Premier Energies – The board has approved the acquisition of KSolare Private Limited for an aggregate consideration of approximately. Rs 86.7 Cr, where 51% will be owned by the company and 49% will be owned by Syrma SGS Technologies Ltd.

Ksolare is engaged in manufacturing solar inverters and providing smart energy solutions. The company operates a manufacturing facility in Pune with a production capacity of 500,000 inverters per annum.

Coforge Q2 FY26 Results Preview – Coforge is likely to report 11.5% QoQ and 34.5% YoY growth in revenue at Rs 4,120 crore in Rupee terms. Net profit could decrease by 3% QoQ, and it could increase by 63.5% YoY to Rs 380 crore in Q2FY26. EBIT margin could rise to 14% in Q2FY26 vs. 13.2% in Q1FY26 and 11.7% in Q2FY25.

Laurus Labs – Overall numbers were better than expectations in the quarter. Total revenue increased 35% YoY at Rs 1653.5cr as against the estimate of Rs 1591cr. Operating margin expanded 980bps YoY at 24.4% as compared to the expectation of 22.8%. Gross margin improved 470bps YoY at 59.9%.

Net profit stood at Rs 195cr vs. Rs 20cr in Q2FY25. Other Income was up 486% YoY at Rs 27cr. API sales grew 11% YoY at Rs 617cr. The formulation business reported a growth of 58% YoY at Rs 518cr. CDMO synthesis revenue increased 53% YoY at Rs 518cr.

R&D expenses stood at Rs 137cr or 4.3% of sales for H1FY26. Capex for H1FY26 stood at Rs 489 crore. In CDMO, the company is working on over 110 projects in Human Health, Animal health and Crop Protection chemicals; commercial validation supplies ongoing – both projects to reach peak potential by FY27/28.

EPS for the quarter stood at Rs 3.61, and it was at Rs 6.63 for H1 FY26. At CMP, the stock trades at 40.5x FY28E EPS.

Kaynes Technology India – The company’s subsidiary, Kaynes Holding (Kaynes Singapore), has entered into a Share Purchase Agreement with Frauscher Sensor Technology Group GmbH for the further acquisition of a 7% stake in Sensonic GmbH. Kaynes Singapore already holds a 54% stake in Sensonic GmbH.

Hero Motocorp – Following expansions in Italy and Spain, Hero MotoCorp has signed a partnership with MotoGB to bring its premium motorcycles to the United Kingdom (UK) market. The company will introduce its advanced Euro 5+ range, featuring the highly anticipated Hunk 440.

NTPC Green – The company has announced the commercial operation of 9.9 MW wind capacity in Bhuj, Gujarat. This is part of the total 92.4 MW (wind) project in Bhuj of Ayana Renewable Power Four, a subsidiary of Ayana Renewable Power. Ayana Renewable Power is a wholly owned subsidiary of ONGC NTPC Green, the joint venture between ONGC and NTPC.

Defence – The Defence Acquisition Council (DAC) has cleared defence procurement proposals worth approximately Rs 79,000 crore to enhance the capabilities of the armed forces.

Kotak Mahindra Bank – The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank to enhance financial and non-financial support for startups across India. This strategic collaboration aims to create a comprehensive framework enabling startups to access customized banking solutions, credit and funding opportunities, digital and payment infrastructure, and capacity-building programs.

Indian Hotels Company – The company has infused $25 million as equity in its wholly owned subsidiary in the Netherlands, IHOCO BV. The investment will be utilized by IHOCO BV to further invest in its subsidiaries, for debt repayment, and to meet operational requirements.

Himatsingka Seide – The Board of Directors has approved the issuance of equity shares worth up to Rs 500 crore.

Source: HDFC Securities Prime Daily, 24 Oct 2025

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