OneTrader | Saturday, November 14, 2026 | Q2 FY27 Earnings Special
India’s September-quarter earnings season reached another important reporting day on Saturday, November 14, with companies across automobiles, consumer goods, electronics manufacturing, financial services, pharmaceuticals and industrial businesses announcing their Q2 FY27 results.
Patanjali Foods reported higher revenue but lower net profit, while Sammaan Capital recorded modest year-on-year profit growth and stronger sequential performance. Brainbees Solutions, the parent company of FirstCry, reduced its consolidated loss, and Jamna Auto Industries delivered healthy growth in both revenue and earnings.
Friday’s late earnings announcements also added several important companies to the reporting list. Black Box, Deepak Fertilisers, Indo-MIM, TVS Supply Chain Solutions, Prime Focus and Viyash Scientific delivered notable performances, while Inox Wind and Natco Pharma faced pressure on profitability.
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In Simple Words
Today’s earnings show a mixed picture across Indian businesses. Deepak Fertilisers, Indo-MIM, TVS Supply Chain and Viyash Scientific delivered strong operating performances, while Patanjali Foods and Jubilant Pharmova experienced lower profit despite revenue growth. Consumer, automobile and financial companies also reported contrasting results.
Patanjali Foods Q2 Results: Net Profit Falls 19% Despite 16% Revenue Growth
Patanjali Foods reported consolidated revenue from operations of ₹11,322.58 crore for Q2 FY27, increasing 15.55% from ₹9,798.84 crore in the corresponding quarter last year. However, net profit declined 18.8% to ₹419.76 crore from ₹516.70 crore.
The company’s expenses increased faster than revenue, putting pressure on profitability. Its edible oil business remained the largest contributor, generating approximately ₹8,532 crore in revenue, while the FMCG segment contributed around ₹2,923 crore.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹11,322.58 crore | ₹9,798.84 crore |
| Net profit | ₹419.76 crore | ₹516.70 crore |
| Revenue growth | +15.55% | — |
| Profit growth | -18.8% | — |
| Total income | ₹11,406.49 crore | ₹9,850.06 crore |
The results highlight the challenge of protecting margins in a business exposed to commodity prices and input costs. Stronger sales did not translate into higher quarterly earnings.
Sammaan Capital Q2 Results: Net Profit Rises to ₹312 Crore, AUM Reaches ₹59,188 Crore
Sammaan Capital reported consolidated net profit of ₹312.34 crore for Q2 FY27, compared with ₹308.47 crore in the year-ago quarter. Total income declined to ₹1,850.85 crore from ₹2,260.52 crore.
The company’s assets under management reached ₹59,188 crore, compared with ₹56,239 crore at the end of the June quarter. Disbursements increased 62% sequentially to ₹6,278 crore, while asset quality improved, with gross NPA at 0.15%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue from operations | ₹1,849.97 crore | ₹2,250.60 crore |
| Net profit | ₹312.34 crore | ₹308.47 crore |
| Profit growth | +1.25% | — |
| Total income | ₹1,850.85 crore | ₹2,260.52 crore |
| AUM | ₹59,188 crore | — |
The company’s quarter-on-quarter improvement was stronger than its year-on-year performance. Growth in disbursements and improving asset quality were important features of the announcement.
Brainbees Solutions Q2 Results: FirstCry Parent Narrows Consolidated Loss
Brainbees Solutions, the parent company of FirstCry, reported consolidated revenue from operations of ₹2,395.83 crore for Q2 FY27, compared with ₹2,099.08 crore in the corresponding quarter last year, representing growth of approximately 14.1%.
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The company reported a consolidated loss of ₹12.59 crore, substantially lower than the ₹50.55 crore loss recorded a year earlier. Its standalone business remained profitable, reporting quarterly profit of approximately ₹39.20 crore.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Consolidated revenue | ₹2,395.83 crore | ₹2,099.08 crore |
| Consolidated net loss | ₹12.59 crore | ₹50.55 crore |
| Revenue growth | +14.1% | — |
| Loss per share | ₹0.14 | ₹0.73 |
| Standalone profit | ₹39.20 crore | ₹28.01 crore |
The improvement in consolidated losses is encouraging, particularly given the scale of the company’s retail and online operations. However, returning the consolidated business to consistent profitability remains an important objective. freepressjournal.in
Jamna Auto Industries Q2 Results: Net Profit Jumps 42% to ₹56 Crore
Jamna Auto Industries reported revenue from operations of approximately ₹786 crore for Q2 FY27, compared with ₹531 crore in the corresponding quarter last year. Net profit increased 42.1% to ₹56.4 crore from ₹39.7 crore.
The automotive components manufacturer benefited from stronger business activity and the consolidation of its UK subsidiary, Owen Springs. Its operating margin remained broadly stable at around 10.6%.
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| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹786 crore | ₹531 crore |
| Net profit | ₹56.4 crore | ₹39.7 crore |
| Revenue growth | +48.0% | — |
| Profit growth | +42.1% | — |
| Operating margin | 10.6% | 10.5% |
The company also declared an interim dividend of ₹1 per share. Higher revenue and profit growth indicate a strong quarter for the automotive component supplier. news.alfafinder.com
Senco Gold Q2 Results: Profit Rises 78%, Revenue Crosses ₹2,058 Crore
Senco Gold reported consolidated revenue of ₹2,058.7 crore for Q2 FY27, increasing 34% year-on-year. Net profit rose 77.7% to ₹86.7 crore from ₹48.8 crore.
The jewellery retailer benefited from healthy consumer demand and 19% same-store sales growth. However, EBITDA declined 15% to ₹90.2 crore, and its operating margin contracted to 4.4% from 6.9%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹2,058.7 crore | ₹1,536.1 crore |
| Net profit | ₹86.7 crore | ₹48.8 crore |
| Revenue growth | +34% | — |
| Profit growth | +77.7% | — |
| EBITDA | ₹90.2 crore | ₹106.5 crore |
| EBITDA margin | 4.4% | 6.9% |
The results showed strong sales and bottom-line growth, but the decline in operating earnings deserves attention. Higher inventory and borrowing requirements also make margin improvement important for the next quarter.
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Black Box Q2 Results: Profit Rises 31%, Order Backlog Crosses $1 Billion
Black Box reported consolidated revenue of ₹1,936 crore for Q2 FY27, increasing 22% year-on-year. Net profit rose 31% to approximately ₹73 crore, while EBITDA increased 23% to ₹175 crore.
The company’s digital infrastructure business benefited from demand related to data centres and enterprise technology solutions. Its order backlog reached approximately $1.04 billion, providing visibility into future execution.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,936 crore | ₹1,585 crore |
| Net profit | ₹73 crore | ₹56 crore |
| Revenue growth | +22% | — |
| Profit growth | +31% | — |
| EBITDA | ₹175 crore | ₹143 crore |
| EBITDA margin | 9.0% | 9.0% |
Black Box delivered another quarter of record revenue. The combination of order-book growth and improving profitability makes the results notable among technology services companies. nsearchives.nseindia.com
Deepak Fertilisers Q2 Results: Net Profit Jumps 84%, EBITDA Margin Expands to 22.5%
Deepak Fertilisers and Petrochemicals Corporation reported consolidated revenue of ₹3,334 crore for Q2 FY27, up 10.9% year-on-year. Net profit increased 84% to ₹393.8 crore from ₹214 crore.
The strongest improvement came from operating profitability. EBITDA increased 62% to ₹750 crore, while the operating EBITDA margin expanded to 22.5% from 15.4%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹3,334 crore | ₹3,006 crore |
| Net profit | ₹393.8 crore | ₹214 crore |
| Revenue growth | +10.9% | — |
| Profit growth | +84% | — |
| EBITDA | ₹750 crore | ₹464 crore |
| EBITDA margin | 22.5% | 15.4% |
The improvement in margins was considerably stronger than revenue growth. The company’s integrated industrial chemicals and fertiliser operations supported a better earnings performance during the quarter. nsearchives.nseindia.com
TVS Supply Chain Solutions Q2 Results: Profit More Than Doubles, Revenue Grows 38%
TVS Supply Chain Solutions reported consolidated revenue of ₹3,687.2 crore for Q2 FY27, increasing 38% from ₹2,662.6 crore in the year-ago quarter. Net profit more than doubled to ₹36.5 crore from ₹16.3 crore.
EBITDA increased 50.2% to ₹268.1 crore, while the operating margin improved to 7.3% from 6.7%. Profit before tax also increased 108% to ₹50.6 crore.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹3,687.2 crore | ₹2,662.6 crore |
| Net profit | ₹36.5 crore | ₹16.3 crore |
| Revenue growth | +38% | — |
| Profit growth | +124% | — |
| EBITDA | ₹268.1 crore | ₹178.5 crore |
| EBITDA margin | 7.3% | 6.7% |
The company recorded growth across its international and domestic operations. Higher operating margins alongside revenue expansion made this a strong quarterly performance. tvsscs.com
Prime Focus Q2 Results: Net Profit Rises to ₹58 Crore from ₹4 Crore
Prime Focus reported consolidated revenue from operations of ₹1,410.17 crore for Q2 FY27, compared with ₹1,042.89 crore in the corresponding quarter last year. Net profit increased to ₹58.27 crore from ₹4.06 crore.
EBITDA rose to approximately ₹396 crore from ₹264.9 crore, while the operating margin expanded to 26.66% from 23.94%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,410.17 crore | ₹1,042.89 crore |
| Net profit | ₹58.27 crore | ₹4.06 crore |
| Revenue growth | +35.2% | — |
| EBITDA | ₹396.11 crore | ₹264.88 crore |
| Operating margin | 26.66% | 23.94% |
The company benefited from a substantial improvement in operating earnings and a settlement-related exceptional gain recognised during the first half. The reported profit comparison should therefore be considered alongside its underlying operating performance.
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Jubilant Pharmova Q2 Results: Revenue Grows 21%, Net Profit Falls 74%
Jubilant Pharmova reported consolidated revenue of ₹2,370 crore for Q2 FY27, increasing 21% from ₹1,966 crore in the corresponding quarter last year. However, reported net profit declined 74% to ₹31 crore from ₹120 crore.
EBITDA fell 27% to ₹255 crore, while the EBITDA margin contracted to 10.7% from 17.8%. The absence of certain high-margin radiopharmaceutical products affected profitability, even as revenue expanded across the company’s business segments.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹2,370 crore | ₹1,966 crore |
| Net profit | ₹31 crore | ₹120 crore |
| Revenue growth | +21% | — |
| Profit growth | -74% | — |
| EBITDA | ₹255 crore | ₹351 crore |
| EBITDA margin | 10.7% | 17.8% |
Radiopharmaceuticals, drug discovery and generics all contributed to revenue growth. However, the decline in operating margins remains the main concern in the September-quarter results. jubilantpharmova.com
Inox Wind Q2 Results: Revenue Rises 21%, Net Profit Declines 43%
Inox Wind reported consolidated revenue from operations of ₹1,354.3 crore for Q2 FY27, increasing 21% year-on-year. Net profit declined 43.2% to ₹68.55 crore from ₹120.62 crore.
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EBITDA fell 15.7% to ₹228.59 crore, while the operating margin contracted to approximately 15.2% from 20.35%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,354.3 crore | ₹1,119.2 crore |
| Net profit | ₹68.55 crore | ₹120.62 crore |
| Revenue growth | +21% | — |
| Profit growth | -43.2% | — |
| EBITDA | ₹228.59 crore | ₹271.01 crore |
| Operating margin | 15.2% | 20.35% |
The company recorded stronger sales, but operating profitability weakened. The performance highlights the importance of execution costs and margins as renewable energy equipment manufacturers expand their businesses.
Usha Martin Q2 Results: Net Profit Rises 17.8%, Revenue Reaches ₹1,000 Crore
Usha Martin reported consolidated revenue from operations of ₹1,000 crore for Q2 FY27, increasing 12.4% year-on-year. Net profit rose 17.8% to ₹129.3 crore from ₹109.8 crore.
The company recorded EBITDA growth of approximately 15.8%, while its operating margin stood at 17.7%, compared with 18.5% in the corresponding quarter last year.
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| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,000 crore | ₹889.6 crore |
| Net profit | ₹129.3 crore | ₹109.8 crore |
| Revenue growth | +12.4% | — |
| Profit growth | +17.8% | — |
| Operating margin | 17.7% | 18.5% |
Usha Martin delivered healthy earnings growth, supported by higher revenue. The modest margin contraction suggests that operating costs remain an area to monitor. 13 Nov 2026
Belrise Industries Q2 Results: Net Profit Jumps 25%, Revenue Grows 17%
Belrise Industries reported consolidated revenue from operations of ₹2,746.38 crore for Q2 FY27, increasing 16.7% from ₹2,353.54 crore in the year-ago quarter. Adjusted net profit increased 25% to ₹166.25 crore from ₹132.98 crore.
EBITDA rose 11.6% to ₹330.62 crore, while the EBITDA margin was 12%, compared with 12.6% a year earlier.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹2,746.38 crore | ₹2,353.54 crore |
| Adjusted net profit | ₹166.25 crore | ₹132.98 crore |
| Revenue growth | +16.7% | — |
| Adjusted profit growth | +25% | — |
| EBITDA | ₹330.62 crore | ₹296.19 crore |
| EBITDA margin | 12.0% | 12.6% |
The automotive components manufacturer continued expanding its business beyond conventional vehicle components, while maintaining double-digit revenue and adjusted profit growth.
Indo-MIM Q2 Results: Net Profit Doubles to ₹215 Crore
Indo-MIM reported consolidated revenue from operations of ₹1,271.84 crore for Q2 FY27, up 14.3% from ₹1,112.65 crore in the corresponding quarter last year. Net profit increased approximately 100% to ₹215.19 crore from ₹107.62 crore.
The company’s operating margin improved to 24.1% from 13.1%, reflecting stronger operating profitability during the quarter.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,271.84 crore | ₹1,112.65 crore |
| Net profit | ₹215.19 crore | ₹107.62 crore |
| Revenue growth | +14.3% | — |
| Profit growth | +100% | — |
| Operating margin | 24.1% | 13.1% |
The company delivered a significant improvement in earnings, supported by stronger profitability. Its ability to sustain the improved operating margin will be important in the coming quarters.
Viyash Scientific Q2 Results: Net Profit Jumps 16%, Revenue Grows 16%
Viyash Scientific, formerly known as SeQuent Scientific, reported consolidated revenue from operations of ₹987.94 crore for Q2 FY27, increasing 16.2% year-on-year. Net profit rose 16.1% to ₹84.7 crore.
EBITDA increased 10.3% to ₹207.7 crore, while the EBITDA margin stood at 21%. The company also reported a net debt-to-EBITDA ratio of zero, reflecting its improved balance-sheet position.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹987.94 crore | ₹850.30 crore |
| Net profit | ₹84.7 crore | ₹72.9 crore |
| Revenue growth | +16.2% | — |
| Profit growth | +16.1% | — |
| EBITDA | ₹207.7 crore | ₹188.3 crore |
| EBITDA margin | 21.0% | 22.1% |
The company reported growth across its pharmaceutical operations, while maintaining a relatively strong operating margin. Its expansion in APIs, formulations and contract development services remains important for future earnings.
Natco Pharma Q2 Results: Net Profit Falls 61%, Revenue Declines 29%
Natco Pharma reported consolidated revenue of ₹967.3 crore for Q2 FY27, down 29% from ₹1,363 crore in the corresponding quarter last year. Net profit declined approximately 61% to ₹202.6 crore from ₹517.9 crore.
EBITDA fell 55.4% to ₹258.3 crore, while the EBITDA margin contracted to 26.7% from 42.5%.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹967.3 crore | ₹1,363 crore |
| Net profit | ₹202.6 crore | ₹517.9 crore |
| Revenue growth | -29% | — |
| Profit growth | -60.9% | — |
| EBITDA | ₹258.3 crore | ₹579 crore |
| EBITDA margin | 26.7% | 42.5% |
Lower Lenalidomide-related revenue was a major factor behind the decline. The results show how changes in product-specific sales can significantly affect pharmaceutical companies with exposure to specialised international markets. admin.natcopharma.co.in
Confidence Petroleum Q2 Results: Net Profit Jumps 237%, Revenue More Than Doubles
Confidence Petroleum India reported consolidated revenue from operations of ₹2,235.23 crore for Q2 FY27, increasing 127.4% from ₹983.01 crore in the corresponding quarter last year. Net profit rose to ₹68.59 crore from ₹20.33 crore, representing growth of approximately 237%.
EBITDA increased 91.8% to ₹177.58 crore. The company’s revenue expansion was substantially faster than its operating profit growth, resulting in some margin pressure compared with the year-ago quarter.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹2,235.23 crore | ₹983.01 crore |
| Net profit | ₹68.59 crore | ₹20.33 crore |
| Revenue growth | +127.4% | — |
| Profit growth | +237.4% | — |
| EBITDA | ₹177.58 crore | ₹92.59 crore |
| Operating margin | 7.18% | 8.39% |
The company delivered substantial growth in sales and earnings. Investors will need to monitor whether the expansion can translate into sustained operating profitability.
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Godawari Power & Ispat Q2 Results: Revenue Grows 25%, Net Profit Falls 47%
Godawari Power & Ispat reported consolidated revenue from operations of ₹1,631.53 crore for Q2 FY27, increasing 24.8% year-on-year. However, net profit declined 47.4% to ₹85 crore from ₹161.65 crore.
Operating profitability weakened during the quarter. The EBITDA margin declined to approximately 7.3% from 17.4%, reflecting pressure on the company’s earnings despite higher revenue.
| Financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue | ₹1,631.53 crore | ₹1,307.68 crore |
| Net profit | ₹85 crore | ₹161.65 crore |
| Revenue growth | +24.8% | — |
| Profit growth | -47.4% | — |
| Operating margin | 7.3% | 17.4% |
The divergence between revenue and profit was the key feature of the results. Higher sales were not enough to offset weaker operating profitability and exceptional expenses. 13 Nov 2026
What Saturday’s Q2 FY27 Earnings Tell Investors
The latest earnings announcements showed that India’s corporate performance remains uneven across sectors.
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Deepak Fertilisers, Indo-MIM, TVS Supply Chain Solutions, Black Box and Viyash Scientific delivered strong improvements in operating earnings. Jamna Auto and Senco Gold also reported healthy revenue and profit growth, while Sammaan Capital showed improving sequential business activity.
On the other side, Patanjali Foods and Jubilant Pharmova reported lower net profits despite higher revenue. Inox Wind and Natco Pharma experienced significant earnings pressure, while Godawari Power & Ispat recorded weaker profitability despite sales growth.
Brainbees Solutions continued working towards consolidated profitability, while Usha Martin and Belrise Industries delivered steady earnings expansion.
For investors, the important takeaway is that headline revenue growth needs to be evaluated alongside operating margins, exceptional items and cash generation. Companies that can consistently convert higher sales into stronger operating earnings are demonstrating a more sustainable improvement in business performance.
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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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