Company Results

Flexible workspace provider IndiQube Spaces reported a net loss of Rs. 30 crore for the second quarter, attributed primarily to higher operational costs and ongoing expansion across major Indian cities. Despite the loss, the company registered steady growth in revenues and workspace occupancy, reflecting continued demand for hybrid office solutions. IndiQube’s management emphasized that the short-term financial pressure stems from aggressive infrastructure investment and brand consolidation, which are expected to yield long-term gains.

Power Finance Corporation (PFC) Ltd., India’s leading state-owned infrastructure lender, reported a 9% year-on-year increase in consolidated net profit to Rs 7,834 crore for the second quarter (Q2) of FY2024-25, driven by higher loan disbursements and improved asset quality. The company’s revenue from operations surged to Rs 24,643 crore, while gross non-performing assets (NPAs) fell sharply, reflecting strong financial discipline and robust sectoral demand.

Kirloskar Ferrous Industries Ltd. (KFIL) posted an 11% increase in its consolidated net profit for the second quarter of FY2025–26, driven by robust demand in its casting, tube, and steel businesses. The company reported a profit of Rs. 86.28 crore, compared with Rs. 77.64 crore in the same quarter last year. Revenue rose to Rs. 1,759.74 crore from Rs. 1,679.71 crore.

Shares of Titan Company Ltd. surged after the jewellery-to-wearables conglomerate posted strong second-quarter earnings, reflecting resilient consumer demand and an optimistic outlook for the upcoming festive season. The Tata Group company reported solid revenue growth across its core verticals—jewellery, watches, and eyewear—driven by festive buying, rising gold prices, and store expansions.

Adani Enterprises Ltd., the flagship of the Adani Group, reported a sharp surge in its consolidated net profit for the second quarter of FY2025, buoyed by robust performance across its infrastructure, energy, and mining businesses. The conglomerate’s results reflect its ability to navigate regulatory headwinds and sustain growth momentum through diversified business verticals.

Renewable energy developer ACME Solar Holdings Ltd reported a remarkable sevenfold increase in net profit to Rs. 115 crore for the quarter ended September 2025, driven by rising power generation capacity, operational efficiencies, and improved tariff realization. The company’s strong quarterly performance reflects the rapid momentum in India’s renewable energy transition, as ACME expands its footprint in solar and hybrid projects.

Automaker Mahindra & Mahindra (M&M) reported a 28% year-on-year rise in net profit for the second quarter of FY2024–25, reaching Rs. 3,673 crore, supported by strong sales of its SUV portfolio and a rebound in rural markets. The company’s consolidated revenue rose sharply, aided by solid performance in the automotive and farm equipment segments. Despite rising input costs and global economic uncertainties, Mahindra maintained steady margins and reaffirmed its growth outlook for the rest of the fiscal year.

State Bank of India (SBI), the country’s largest lender, posted a 10% year-on-year rise in consolidated net profit for the second quarter of FY2024-25, reaching Rs. 20,160 crore. The growth was primarily supported by strong loan disbursements, steady interest income, and lower provisioning for bad loans. While the bank maintained healthy asset quality, its net interest margin (NIM) saw mild compression amid rising funding costs.

Bajaj Finance Ltd has reported a sharp 27% increase in festive season loan demand, signaling robust consumer sentiment and strong credit appetite across retail and personal finance segments. The surge was primarily driven by rising discretionary spending, digital adoption, and attractive financing schemes during the festive period. With consumers turning to easy credit for lifestyle purchases and big-ticket items, the company witnessed record disbursals in segments such as consumer durables, personal loans, and two-wheeler financing.

State-run miner and power producer NLC India Ltd reported a 26% decline in net profit for the second quarter of FY2025, primarily due to higher operating expenses and lower power generation. The company’s bottom line dropped to Rs. 730 crore compared with Rs. 986 crore in the same quarter last year, even as revenue rose marginally on improved realizations. Increased fuel costs, maintenance expenditure, and subdued lignite output weighed on performance.