Q2 Results LIVE Updates: Kaynes Tech shares decline 2%; Ola Electric guidance cut

The stock is currently down 2.2%.

The company’s net profit for the quarter under review increased 102% to ₹121.4 crore from ₹60.2 crore in the same period last year.

Its revenue was up 58.4% at ₹906.2 crore from ₹572 crore in the second quarter last fiscal.

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Kedar Lele, Castrol India On CNBC-TV18:

Have Delivered Profitability & Volume Growth

Volume Growth In High Single-digit

EBITDA Margin In The 21–23% Range

FY26 Has Been Very Tough Due To Weakness Vs USD

Announced MoU With Vietnamese EV Company, Will Provide After-sales Services For Them

We Are Waiting For A Decision On BP’s Stake In Castrol

Ola Elec Guidance Cut

FY26 Rev Now Seen At Rs 3,000-3,200 Cr Vs Rs 4,200-4,700 Cr Earlier

FY26 Auto Margin Now Seen Around 5% Vs Earlier Tgt Of Above 5%

Indian Metals On CNBC-TV18:

Have Announced Acquisition Of Tata Steel Unit

Base Consideration Of Rs 610 Cr, Plus GST Consideration, We Will Get Input Tax Credit

Will Need To Make An Outlay Of Rs 50 Cr Additionally

Will Meet All Chrome Ore Requirements From Captive Mines

Steady-State Production Is 260,000 Tonnes

EBITDA Is A Function Of Selling Price As Well As Costing

Steady-State EBITDA In The Range Of Rs 18,000–20,000 Cr

The stock is up 2% at the moment.

The company reported a 6% sequential rise in net profit to ₹179 crore on 4.3% revenue growth to ₹2,315 crore. The company also announced a strategic investment in Lyzr.ai to strengthen its enterprise AI capabilities.

The stock is currently down 1.7%.

The company is set to report its earnings today.

Shares of Bajaj Housing Finance are trading with losses on Thursday, November 6, ahead of the release of the company’s September quarter results.

In its quarterly business updated shared at the start of October, Bajaj Housing Finance had stated that its gross disbursements during the quarter had increased to ₹15,900 crore, compared to ₹12,014 crore during the same quarter last year.

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Shares of Ola Electric Mobility Ltd. are trading with losses of 1.5% on Thursday, November 6, in response to its September quarter results announcement.

The company’s net loss at the end of the September quarter narrowed to ₹418 crore from a net loss of ₹495 crore it reported during the same quarter last year. Estimates from Kotak Institutional Equities had pegged the loss to narrow further to ₹346 crore.

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Piramal Pharma Cuts Guidance

Revenue Growth Now Seen Flat Vs Earlier Target Of Mid-single Digit

Margin Now Seen In Low Teens Vs Earlier Target Of Mid-teen

Revenue Down 43% At Rs 690 Crore From Rs 1,214 Crore

EBITDA Loss At Rs 203 Crore Vs EBITDA Loss Of Rs 379 Crore (YoY)

The stock is currently down 7.13%.

Logistics firm Delhivery swung into a net loss of ₹50.3 crore in the second quarter from a profit of ₹10.2 crore in the same period last year, the company reported on Wednesday, November 5.

However, it reported ₹2,559.3 crore in revenue from operations for the quarter ended September 30, up 17% on a year-on-year basis from ₹2,189.7 crore in the same quarter last year.

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JP Chalasani, CEO, Suzlon Group On CNBC-TV18:

Maintain 60% Guidance Across Parameters For FY26

Ministry Has Followed Up ALMM Norms With More Strict Controls

Idea Is To Improve Domestic Manufacturing

ALMM Will Help Us Compete On A Level Playing Field

We Sign Most Contracts Only After The PPA Is Signed

Replacement Of Solar Projects With FDRE Is Beneficial For Us

The stock is currently down 1%.

LIC is set to report its quarterly earnings today.

Shares of Ola Electric Mobility Ltd. are trading with losses of 1.5% on Thursday, November 6, ahead of their September quarter results announcement.

According to estimates from Kotak Institutional Equities, Ola Electric Mobility is likely to report a net loss of ₹346 crore, which is likely to be narrower than the loss of ₹495 crore that the company reported during the same quarter last year. Losses for the quarter are likely to narrow due to lower provisions from last year, cost control measures, and a higher mix of the Gen-3 platform.

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The stock is currently down 1.8%.

The company reported a 21% YoY drop in net profit to ₹41 crore for Q2 FY26, as revenue declined 3.8% to ₹1,647 crore and EBITDA margin fell to 3.5% amid soft consumer demand and higher costs.

The stock is currently down 2.45%.

The company reported a 56.3% YoY drop in Q2 FY26 net profit to ₹23.3 crore, even as revenue rose 7.4% to ₹989 crore. EBITDA declined 17% to ₹56 crore with margins slipping to 5.6%.

Abhijit Roy, Berger Paints On CNBC-TV18:

Impact Of Competition Will Continue To Keep Reducing

Birla Opus Has Stabilised At Around `900-1,050 Cr Quarterly Run-rate

Will See Near Double-digit Value Growth In Q4

Q3 Volume Growth Will Be In Double-digits, Mid-single-digit Value Growth

Will See Margin Improvement In H2

Opus Can’t Discount Further If They Have To Be EBITDA Positive

The company reported a 23.6% YoY drop in net profit to ₹206 crore for Q2 FY26, even as revenue rose 1.9% to ₹2,827 crore. EBITDA slipped 19% to ₹352 crore, with operating margins easing to 12.4% from 15.6%.

Puneet Chhatwal, Indian Hotels On CNBC-TV18:

Last Year Saw An Exceptional Gain Of 307 Cr, Reported PAT Lower Due To That

Majority Of Renovations Behind Co, Should Aid Performance Going Ahead

Q3 PAT Is Typically More Than H1 Lvls, Expect A Bumper Q3

Target More Than 10% Topline Growth In H2

Taj Contributes More Than 75% To Sales, Other Businesses Will Grow Faster

Target Approx 27% Growth In Ginger Biz

Signed Another Contract With GVK In Bangalore

There’s Nothing On Sale Of NY Assets Right Now But Trophy Assets Are Always In High Demand

Not Looking To Sell Our Leasehold Rights To NY Pierre

The stock is currently down 2.9%.

The company posted a consolidated net profit of ₹154 crore for Q2 FY26, reversing a ₹138 crore loss last year. Revenue surged 95% to ₹735 crore, while EBITDA nearly doubled to ₹299 crore. The company also announced its maiden interim dividend of ₹1 per share.

The stock is currently down 2.6%.

The hospitality firm reported a 48.6% YoY drop in net profit to ₹285 crore for Q2 FY26, excluding last year’s one-off gain. Revenue rose 11.8% to ₹2,041 crore, while EBITDA grew 14% to ₹572 crore with margins improving to 28%.

The stock is currently up 3%.

The operator of IndiGo, posted a net loss of ₹2,582 crore for Q2 FY26, widening from ₹988.8 crore a year ago. Revenue rose 9.3% to ₹18,555 crore, while EBITDA surged 85% to ₹3,472 crore, but heavy forex losses impacted overall profitability.

Shares of Britannia Industries Ltd. are likely to react on Thursday, November 6, in response to its quarterly results, which were reported during the mid-week holiday on Wednesday.

The company’s revenue of ₹4,841 crore was largely in-line with the CNBC-TV18 poll of ₹4,878 crore, while its net profit of ₹655 crore was higher than then estimate of ₹585 crore.

However, the operating performance of the company was a convincing beat in comparison to expectations. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of ₹955 crore was over ₹100 crore higher than the CNBC-TV18 poll estimate of ₹846 crore, while margins of 19.7% were also well above the poll estimate of 17.3%.

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Shares of India’s largest lender, State Bank of India (SBI) are likely to test levels of as high as ₹1,170, over the next 12 months, according to the highest price target given by analysts tracking the stock.

50 analysts have coverage on SBI currently, out of which 41 of them have a “buy” rating on the stock, eight say “hold”, while one has a “sell” rating.

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CLSA On Paytm:

Underperform Call, Target Price At Rs 1,000/Sh

Reported EBITDA Of `140 Cr In Q2FY26 Vs Adjusted EBITDA Estimate Of `130 Cr

Co Stopped Disclosing ESOP Expenses, A Direct Comparison Is Difficult, But It Was Clearly A Beat

Payment GMV Growth Of 6% QoQ Was Largely In-line With The Est

Net Take Rate Was 0.5 bps Higher Than Estimates, Partly Due To Early Festive Season

Loan Distribution Revenue Was Healthy But Marketing Services Revenue Remained Weak

Company Continues To Focus On Opex Rationalisation

Co Took A One-time `190 Cr Hit From Writing Off A Loan To Its Online Gaming JV Following Regulatory Changes

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