Q2 Results Live Updates: Data Patterns margins hit by high costs; Tata Steel highest target at ₹224
Published on 13/11/2025 08:58 AM
– Revenue up 3.4x from last year to ₹307 crore from ₹91 crore, higher than expectations of 37% growth
– EBITDA also doubled from last week to ₹68 crore, estimates were for a 37% growth
– Higher material costs significantly impact margins
– Material costs jump to 61% from 24% last year
– Gross margin dips to 38% from 76% due to low margin project
– Confident of achieving regular historical margins for the rest of the year
– Buy rating with price target of ₹6,100
– FY26 margin guidance intact
– Estimate FY25-28 EPS CAGR of 24%, manufacturing book/bill ratio of 31x FY25 sales
– Revenue up 16.5% from last year to ₹538 crore
– Underlying volume growth at 16.7% from last year
– EBITDA of ₹47.5 crore from EBITDA loss of ₹30.7 crore last year
– Net profit of ₹39.2 crore from net loss of ₹18.5 crore last year
– Adjusted for revenue recognition with Flipkart, growth at 22.5%
– Net profit down 33.7% to ₹136.5 crore
– Revenue down 19.2% to ₹1,976 crore from ₹2,447.5 crore last year
– EBITDA down 29.6% to ₹141.7 crore from ₹201 crore last year
– EBITDA margin at 7.2% from 8.2% last year
– Sixth straight quarter of revenue deceleration
Jefferies has raised its price target on Asian Paints to ₹3,300 from ₹2,900 earlier. It stated that the domestic volume growth with market share gains were key highlights from the quarter, led by investments in brands, innovation, and regional activations. This is the second highest price target for Asian Paints on the street.
Also watch for earnings reactions from Man Infra, GNFC, Afcons Infra, KNR Constructions, Lloyds Metals, among other names. Watch this space for all the Live updates.
In key earnings reactions for the day, Tata Steel’s earnings beat was led by the India business, while Cochin Shipyard missed expectations.
Data Patterns’ margins saw a sharp fall due to higher costs and a low margin project during the quarter.
Stocks like Hero MotoCorp, Eicher Motors, Bharat Dynamics, Voltas, Page Industries, PG Electroplast, NBCC, LG Electronics India, NSDL, Apollo Tyres, Samvardhana Motherson, Paras Defence, Astra Micro, Man Industries, Marksans Pharma, MIDHANI, Sky Gold, Sonata Software, Talbros Automotive are some of the companies announcing their results today.
While Eicher Motors is the only Nifty name reporting results today, there are a whole host of broader market results.
More details in subsequent posts.
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Welcome to CNBC-TV18’s Live Coverage of the Q2 earnings season.
The penultimate day of the earnings season for the quarter could be the heaviest in terms of the quality of companies announcing their results.
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