India’s September-quarter earnings season brought another substantial set of corporate announcements on Wednesday, November 11. Tata Power, Garden Reach Shipbuilders & Engineers (GRSE), Orient Green Power, Power Mech Projects, EAAA India Alternatives and several other companies reported their Q2 FY27 financial performance.
The results reflected sharply different business conditions. Tata Power reported stronger revenue and earnings, GRSE delivered growth in both sales and profit, and Power Mech Projects recorded a healthy increase in revenue. Orient Green Power maintained profitability, while Bajaj Hindusthan Sugar continued to report losses.
The defence manufacturing, infrastructure, renewable energy and engineering sectors featured prominently in the day’s announcements. Several smaller listed companies also released their September-quarter numbers, adding to an increasingly broad picture of corporate earnings across India.
Tata Power Q2 Results: Revenue Rises 22%, Profit Attributable to Owners Grows 28%
Tata Power reported consolidated revenue from operations of approximately ₹19,051 crore for Q2 FY27, compared with ₹15,545 crore in the corresponding quarter last year. Net profit attributable to owners increased to ₹1,176 crore from ₹919 crore, representing growth of approximately 28%.
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The company operates across conventional power generation, renewable energy, transmission, distribution and solar manufacturing. Its diversified business structure provides several sources of revenue, although performance varies with generation, project execution and operating costs.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹19,051 crore | ₹15,545 crore |
| Net profit attributable to owners | ₹1,176 crore | ₹919 crore |
| Revenue growth | +22.6% | — |
| Profit growth | +27.9% | — |
The improvement in earnings indicates a stronger September quarter for the company. Renewable capacity expansion, thermal generation and solar manufacturing remain important contributors to its future operating performance.
Garden Reach Shipbuilders Q2 Results: Net Profit Rises 12% to ₹172 Crore
Garden Reach Shipbuilders & Engineers reported standalone net profit of ₹171.98 crore for Q2 FY27, compared with ₹153.79 crore a year earlier. Revenue from operations increased 8.9% to ₹1,826.69 crore.
Operating performance was stronger than the revenue growth suggested. EBITDA increased approximately 25% to ₹195.5 crore, while the EBITDA margin expanded to 10.7% from 9.3%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,826.69 crore | ₹1,677.38 crore |
| Net profit | ₹171.98 crore | ₹153.79 crore |
| Revenue growth | +8.9% | — |
| Profit growth | +11.8% | — |
| EBITDA | ₹195.5 crore | ₹156.2 crore |
| EBITDA margin | 10.7% | 9.3% |
The improvement in operating margins was an important part of the announcement. Higher material costs remained a consideration, but operating earnings grew faster than revenue, supporting better profitability during the quarter.
Power Mech Projects Q2 Results: Revenue Jumps 30%, Profit Rises 12%
Power Mech Projects reported consolidated revenue from operations of ₹1,609.3 crore for the September quarter, increasing 30% from ₹1,237.9 crore in Q2 FY26. Net profit rose 12.4% to ₹87.8 crore from ₹78.1 crore.
The infrastructure and engineering services company recorded stronger business activity, although its profit growth remained below its revenue growth. Its operating margin stood at 7.8%, compared with 8.9% in the year-ago period.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,609.3 crore | ₹1,237.9 crore |
| Net profit | ₹87.8 crore | ₹78.1 crore |
| Revenue growth | +30.0% | — |
| Profit growth | +12.4% | — |
| Operating margin | 7.8% | 8.9% |
The results point to healthy revenue expansion, but the margin contraction suggests that the company needs to manage execution costs carefully as its business scales.
Orient Green Power Q2 Results: Revenue Rises 9%, Profit Remains Stable
Orient Green Power Company reported consolidated revenue from operations of ₹143.33 crore for Q2 FY27, up 9.4% from ₹131.01 crore in the same quarter last year. Net profit increased marginally to ₹81.57 crore from ₹80.94 crore.
EBITDA rose 12% to ₹116.55 crore, and the EBITDA margin improved to approximately 81% from 77% on the company’s reported total-income basis. The improvement in operating earnings was stronger than the headline net profit movement.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue from operations | ₹143.33 crore | ₹131.01 crore |
| Net profit | ₹81.57 crore | ₹80.94 crore |
| Revenue growth | +9.4% | — |
| Profit growth | +0.8% | — |
| EBITDA | ₹116.55 crore | ₹104.31 crore |
| EBITDA margin | 80% | 77% |
The company also reported progress in its renewable energy operations. Its financial performance showed stable reported profit alongside higher operating earnings, although exceptional gains in the year-ago period affected the comparison.
Bajaj Hindusthan Sugar Q2 Results: Net Loss Widens to ₹121 Crore
Bajaj Hindusthan Sugar reported consolidated revenue from operations of ₹968.43 crore for Q2 FY27, down 16.3% from ₹1,157.19 crore in the corresponding quarter last year.
The company recorded a net loss of ₹121.28 crore, compared with a loss of ₹105.25 crore a year earlier. EBITDA loss narrowed to approximately ₹43 crore from ₹54.3 crore, but the business remained under considerable pressure.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹968.43 crore | ₹1,157.19 crore |
| Net loss | ₹121.28 crore | ₹105.25 crore |
| Revenue growth | -16.3% | — |
| Loss expansion | 15.2% | — |
| EBITDA | Loss ₹43 crore | Loss ₹54.3 crore |
The decline in revenue and continued net losses made this one of the weaker results among Wednesday’s announcements. The company will need to improve its operating performance and financial position to return to sustainable profitability.
EAAA India Alternatives Q2 Results: Net Profit Increases 27% to ₹88 Crore
EAAA India Alternatives reported consolidated net profit of ₹88.1 crore for Q2 FY27, compared with ₹69.4 crore in the corresponding quarter last year. Revenue from operations increased 12.9% to ₹251.5 crore.
Total income reached approximately ₹280 crore, up from ₹245.5 crore. Operating profitability also improved, with the operating margin rising to 40.1% from 34.6%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue from operations | ₹251.5 crore | ₹222.8 crore |
| Net profit | ₹88.1 crore | ₹69.4 crore |
| Revenue growth | +12.9% | — |
| Profit growth | +26.9% | — |
| Operating margin | 40.1% | 34.6% |
The company also reported fee-paying assets under management of ₹49,164 crore, representing 28% year-on-year growth. Its results showed improvement in both earnings and operating profitability during the quarter.
Talbros Automotive Q2 Results: Net Profit Jumps 43%, EBITDA Margin Expands
Talbros Automotive Components delivered a strong September-quarter performance, with consolidated net profit increasing 42.6% to ₹32.94 crore from ₹23.10 crore in Q2 FY26.
Revenue from operations increased 23.5% to approximately ₹263 crore, while EBITDA climbed 34.9% to ₹42.92 crore. Operating margins expanded to 16.31% from 14.92%, indicating that operating earnings grew faster than sales.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹263 crore | ₹213 crore |
| Net profit | ₹32.94 crore | ₹23.10 crore |
| Revenue growth | +23.5% | — |
| Profit growth | +42.6% | — |
| EBITDA | ₹42.92 crore | ₹31.81 crore |
| EBITDA margin | 16.31% | 14.92% |
The company delivered growth across its key financial measures. The expansion in operating margin was particularly encouraging, reflecting better conversion of revenue into operating earnings.
Rentomojo Q2 Results: Revenue Jumps 53%, Net Profit Falls 63%
Furniture and appliance rental platform Rentomojo reported consolidated revenue from operations of ₹142.1 crore for Q2 FY27, increasing 52.8% from ₹93 crore in the corresponding quarter last year.
Net profit declined 62.6% to ₹18.2 crore from ₹48.6 crore. However, the year-ago comparison included a substantial deferred tax benefit, making the reported decline less representative of the underlying operating performance.
Normalised EBITDA increased 52.7% to ₹58.8 crore, while normalised profit after tax grew 52.2% to ₹24 crore.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹142.1 crore | ₹93 crore |
| Reported net profit | ₹18.2 crore | ₹48.6 crore |
| Revenue growth | +52.8% | — |
| Reported profit growth | -62.6% | — |
| Normalised EBITDA | ₹58.8 crore | ₹38.5 crore |
| Normalised PAT | ₹24 crore | ₹15.8 crore |
The distinction between reported and normalised earnings is important here. Rentomojo’s operating business recorded strong expansion, supported by subscriber growth and higher utilisation of its rental assets.
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What Wednesday’s Q2 FY27 Results Tell Investors
The November 11 announcements highlighted a clear difference between companies growing their businesses and those converting that growth into stronger earnings.
Tata Power and GRSE delivered higher revenue and profits, while Power Mech Projects recorded strong sales expansion. Talbros Automotive stood out for its improvement in operating margins, and EAAA India Alternatives reported stronger earnings alongside growth in assets under management.
Orient Green Power maintained stable net profit, whereas Bajaj Hindusthan Sugar continued to report losses. Rentomojo’s results demonstrated why exceptional tax effects and normalised earnings need to be considered separately.
The broader earnings picture remains mixed across infrastructure, manufacturing, renewable energy and consumer businesses. Investors will need to examine operating margins, exceptional items, cash generation and the sustainability of revenue growth rather than relying exclusively on headline profit percentages.
Also Read: India Top Earnings Today, November 4, 2026: Lupin, Dabur, NLC India and Other Q2 Results
Disclaimer: This article is published by OneTrader for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell or hold any security. Readers should conduct independent research or consult a qualified financial adviser before making investment decisions. OneTrader is not a SEBI-registered investment adviser.
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