In the latest quarterly financial results, several Indian companies displayed varied performance in Q2 FY26, reflecting changes in market dynamics and sector-specific challenges. Tata Steel reported a remarkable net profit of ₹3,183 crore, marking a 319% increase year-over-year (YoY), and outstripped forecasts. Revenue rose by 8.9% to ₹58,689 crore, with earnings before interest, taxes, depreciation, and amortization (EBITDA) soaring 45% to ₹8,897 crore, contributing to a margin increase to 15.2%.
Conversely, SpiceJet faced significant challenges, reporting a wider net loss of ₹621 crore compared to ₹458 crore in the same quarter last year. A 13.4% decline in revenue, amounting to ₹792 crore, coupled with elevated costs from grounded aircraft and operational expenses, amplified their operating loss to ₹297 crore.
Meanwhile, Cochin Shipyard experienced a 43% decline in net profit to ₹107.5 crore, with revenue decreasing by 2.2% to ₹1,118.5 crore and EBITDA plunging 62.7% to ₹73.5 crore. The company declared an interim dividend of ₹4 per share amidst these challenges.
IRCTC posted a positive uptick with an 11% increase in net profit to ₹342 crore, driven by a 7.7% rise in revenue to ₹1,146 crore and an 8.3% growth in EBITDA to ₹404 crore. An interim dividend of ₹5 per share was also announced.
In the pharmaceutical sector, Pfizer Ltd saw a 19.4% increase in net profit to ₹189 crore, backed by strong sales and improved operational efficiency. Revenue rose by 9.1% to ₹642.3 crore, while EBITDA increased by 21.5% to ₹229.8 crore, enhancing margins to 35.8%.
Indraprastha Gas Ltd (IGL) reported a modest 4.5% quarter-on-quarter increase in net profit to ₹372 crore, achieving a 2.8% revenue rise to ₹4,022 crore. However, EBITDA plunged 13.6% to ₹442 crore, leading to a reduction in margins to 11%.
Nazara Technologies performed impressively with a significant rise in Q2 FY26 profit to ₹885 crore, mainly due to a one-off gain from the revaluation of its Nodwin Gaming stake. Revenue soared by 65% to ₹526.5 crore despite facing regulatory challenges in the online gaming industry.
Prestige Estates recorded an impressive 124% surge in net profit to ₹430 crore, supported by robust margins. Revenue increased by 5.5% to ₹2,431 crore, while EBITDA jumped 44.2% to ₹910 crore.
However, Ircon International Ltd reported a 33.7% drop in net profit to ₹136.5 crore. The company witnessed a 19.2% decline in revenue down to ₹1,976 crore, leading to a 29.6% drop in EBITDA to ₹141.7 crore and a narrowing margin to 7.2%.
The government has raised concerns about Vedanta Ltd’s proposed demerger, warning of potential repercussions due to pending claims amounting to ₹16,700 crore. Officials indicated that the restructuring might compromise asset coverage and could lead to undisclosed litigation-related liabilities.
In terms of performance, Endurance Technologies Ltd saw a 9.5% increase in net profit to ₹222.2 crore, buoyed by a 22.7% rise in revenue to ₹3,582 crore, maintaining steady margins at 13.3%.
PNC Infratech demonstrated a strong turnaround with a startling 158.5% increase in net profit to ₹215.7 crore, despite witnessing a revenue dip of 21% to ₹1,127 crore. EBITDA fell by 29.1% to ₹252.6 crore as margins eased to 22.4%.
Lloyds Metals and Energy reported an impressive 90% rise in net profit to ₹572.3 crore, with revenue jumping 154% to ₹3,651 crore and EBITDA rising 153% to ₹1,042.9 crore, maintaining a robust margin of 28.5%.
Deepak Nitrite faced a challenging quarter with a 39% drop in net profit to ₹118.7 crore, alongside a 6.4% dip in revenue to ₹1,901.9 crore. EBITDA also declined by 31% to ₹204.3 crore, resulting in narrowed margins to 10.7%.
HG Infra Engineering saw a 35% decline in net profit to ₹52.1 crore, with flat revenue at ₹904.5 crore and a 6% decrease in EBITDA to ₹206.2 crore, resulting in margins shrinking to 22.8%.
Overall, the financial landscape for Q2 FY26 showcases contrasting results across various sectors, reflecting both resilience and challenges faced by leading companies in the Indian market.