Q2 Results LIVE Updates: Sagility shares gain up to 12%; ITC, Cipla decline ahead of earnings

Manish Sonthalia, Chief Investment Officer at Emkay Investment Managers, which manages over ₹941 crore in assets, expects corporate earnings growth to strengthen in the second half of FY26, led by lower inflation and higher spending following GST cuts.

“Previously, we were building in 10%, now basically 13%-13.50%, sort of full year EPS (earnings per share) growth for FY26 is what we are working at,” he told CNBC-TV18.

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Q2FY26 Expectations:

Steady Q2 earnings expected

Muted revenue growth as volumes decline YoY

Higher mix of SUV to boost realisation

Shares of Sagility Ltd. gained over 12% to hit its all-time high on Thursday, October 30, after the company reported a strong set of earnings after market hours on Wednesday.

The company has also raised its FY26 revenue growth and EBITDA margin guidance, its management told CNBC-TV18 on Thursday.

Brokerages such as Jefferies and JM Financial are positive on the stock, and see potential upside of up to 29.7% on the stock from its previous close of ₹50.87 apiece. Among the

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Shares of passenger vehicle manufacturer Hyundai Motor India Ltd. are trading lower on Thursday, October 30, ahead of their September quarter results announcement.

As per a CNBC-TV18 poll, the company’s revenue growth is likely to be only 2% due to a decline in volumes on a year-on-year basis. Revenue, as per the poll, is seen at ₹17,532 crore.

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Transport Corp On CNBC-TV18:

Expect Growth To Pick Up In H2

Have Given A 10-12% Revenue Growth Range Factoring In Dynamic Environment

Will Grow PAT At The Same Level As Revenue

LTL Biz Has Double The Margin Compared To FTL Biz

LTL Is Now 38% Of Freight Biz, Will Be 40-42% By End Of FY26

Target LTL Biz To Be 50% Of Freight Biz By End Of FY27

Seaways Business Surprising Positively

Operate In Domestic Sector Of East & West Coast

Shares of Le Travenues Technologies Ltd., the parent company of travel services aggregator Ixigo, tumbled 20% on Thursday, October 30, after the company reported a loss at both EBITDA and net levels year-on-year for the September quarter.

Ixigo’s revenue rose 37% year-on-year to ₹282.7 crore, compared to ₹206.4 crore in the same quarter last year.

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The stock is currently up 1.6%.

The company reported a stronger-than-expected performance for the July–September quarter, with net profit at ₹3,380 crore, surpassing the CNBC-TV18 poll estimate of ₹3,040 crore, though 12.4% lower than ₹3,830 crore in the preceding quarter. Revenue for the quarter stood at ₹1.01 lakh crore, broadly in line with expectations but down 9% quarter-on-quarter from ₹1.11 lakh crore. EBITDA came in at ₹6,891 crore, ahead of the Street estimate of ₹5,911 crore but lower than ₹7,601 crore in the June quarter.

The stock is down 2% at the moment.

The company reported a stronger-than-expected performance for the July–September quarter, with net profit at ₹419 crore, well above the CNBC-TV18 poll estimate of ₹136 crore, though lower than ₹897 crore a year earlier. Revenue from operations rose 8.2% year-on-year to ₹26,704 crore, surpassing the Street estimate of ₹24,822 crore. EBITDA stood at ₹2,528 crore, above the projected ₹1,995 crore but below ₹2,913 crore in the same period last year. Operating margins came in at 9.5%, higher than the 8% forecast but lower than 11.8% a year ago.

CNBC-TV18 Exclusive | Radico Khaitan:

Expect More Than 20% Volume Growth In The Full Year FY26

P&A Volumes Should Grow More Than 20% As Well In FY26

Will Cross `500 Cr In Luxury Portfolio In FY26

Have Seen Margin Improvement Of 200 bps So Far, Will Sustain >150 Bps This Year

Have A Target Of 125 bps Margin Improvement Each Year Over The Next 2 Years

Have 47.5% Stake D’yavol Spirits, It’s A JV With SRK & Nikhil Kamath

Sagility On CNBC-TV18:

Have Raised FY26 Revenue Growth Guidance To 21%+ From Previous 20%

H2FY26 Will Be As Robust As H1FY26

EBITDA Margin Guidance Revised Upward To 25% From Previous 24 %

Constantly On The Lookout For M&A Opportunities With Good Valuations

Over 99% Of Employees In US Are Green Card Holder/Resident, No Impact Of H-1B Visa Regulations

The stock is down 0.6% ahead of its quarterly results

Expect overall volume growth between 8-10%

Alert: Co targets double-digit volume growth each quarter

Important to watch out for commentary on new categories, paint foray

Cipla shares are currently down 1% ahead of their earnings.

Expect decline in US Sales YoY due to higher competition for Revlimid generic & limited approvals

Expect domestic formulations growth in high single digits – est is 7 to 9% YoY

Margin range is 25 to 26%

Sagility Jumps 8% After Strong Q2 Results

Le Travenues Tech shares are down nearly 13% after the company reported EBITDA loss vs proit and net loss vs profit YoY in Q2

L&T shares are up 2% at the moment. The stock is the Nifty 50 gainer.

The Infrastructure major reported a 15.6% year-on-year increase in consolidated net profit at ₹3,926 crore for the quarter ended September 30, 2025, compared to ₹3,395 crore in the same quarter last year. The figure was slightly below the CNBC-TV18 poll estimate of ₹3,990 crore. Revenue for the quarter stood at ₹67,983 crore, up 10.4% from ₹61,554 crore a year ago, but lower than the poll estimate of ₹69,950 crore. The company’s EBITDA came in at ₹6,806.5 crore, reflecting a 7% year-on-year growth from ₹6,362 crore in the corresponding period.

United Breweries shares declined 4% in early trade.

The leading beer maker reported a 64% year-on-year decline in net profit at ₹46.95 crore for the quarter ended September 30, 2025, compared to ₹132.2 crore in the same quarter last year. The figure also came in below the CNBC-TV18 poll estimate of ₹110 crore. Revenue for the quarter stood at ₹2,051 crore, up 3% from ₹2,115 crore in Q2FY25, but slightly lower than the poll estimate of ₹2,156 crore.

Realty firm reported a 36.5% year-on-year increase in consolidated net profit at ₹163 crore for the quarter ended September 30, 2025, compared to ₹119 crore in the same quarter last year. Revenue for the quarter stood at ₹1,383 crore, marking a 29% rise from ₹1,072 crore in the corresponding period last year. The company’s EBITDA came in at ₹327.8 crore, up 12% from ₹292.3 crore in the year-ago quarter.

Shares of RailTel Corporation of India Ltd. are in focus on Thursday, October 30, after the company reported its second quarter earnings and declared an interim dividend post-market hours on Wednesday.

The company reported a 4.7% increase in its second-quarter net profit to ₹76 crore from ₹73 crore in the previous year.

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ITC is set to report its Q2 earnings today; cigarette volumes are expected to grow 5–6%, while FMCG may rise 3–4%. #FMCG margin could contract by 50–80 bps. Paper business revenue is seen up 4–5%, and agri revenue may grow 10–15%, with leaf tobacco prices off their highs.

Shares of engineering and infrastructure conglomerate Larsen & Toubro Ltd. (L&T) will be in focus on Thursday, October 30, after the company reported its September quarter results post market hours on Wednesday.

L&T’s Q2FY26 revenue stood at ₹67,983 crore, below the CNBC-TV18 poll estimate of ₹69,950 crore, as execution was impacted by unseasonal monsoon. Net profit came in at ₹3,926 crore versus an estimate of ₹3,990 crore.

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Leading beer maker reported a 64% year-on-year decline in net profit at ₹46.95 crore for the quarter ended September 30, 2025, compared to ₹132.2 crore in the same quarter last year. The figure also came in below the CNBC-TV18 poll estimate of ₹110 crore. Revenue for the quarter stood at ₹2,051 crore, up 3% from ₹2,115 crore in Q2FY25, but slightly lower than the poll estimate of ₹2,156 crore.

Infrastructure major reported a 15.6% year-on-year increase in consolidated net profit at ₹3,926 crore for the quarter ended September 30, 2025, compared to ₹3,395 crore in the same quarter last year. The figure was slightly below the CNBC-TV18 poll estimate of ₹3,990 crore. Revenue for the quarter stood at ₹67,983 crore, up 10.4% from ₹61,554 crore a year ago, but lower than the poll estimate of ₹69,950 crore. The company’s EBITDA came in at ₹6,806.5 crore, reflecting a 7% year-on-year growth from ₹6,362 crore in the corresponding period.

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