Company Results

Kansai Nerolac Paints Ltd, one of India’s leading paint manufacturers, reported an 11% year-on-year increase in consolidated net profit for the quarter ended September 2025. The growth was driven by steady demand in both decorative and industrial segments, coupled with disciplined cost management and improved operating efficiencies. While input prices remained largely stable, strategic pricing actions and product mix optimization further supported margins.

Shares of Ambuja Cements Ltd advanced after the company reported strong second-quarter earnings, underscoring its robust operational efficiency and sustained demand recovery in the construction sector. The cement maker, part of the Adani Group, posted a notable increase in both profitability and sales volume, supported by improved cost controls and a rebound in infrastructure and housing activity. Market analysts said the results reflect the firm’s strategic expansion and operational synergy within the Adani portfolio.

Telecom major Bharti Airtel Ltd reported a sharp jump in its consolidated net profit for the second quarter of FY2025, doubling to Rs 8,651 crore, driven by robust data consumption, steady subscriber additions, and one-time exceptional gains from its Africa operations. The company’s revenue grew moderately, supported by higher 4G and postpaid user growth, expanding average revenue per user (ARPU), and sustained enterprise momentum.

Bajaj Auto Ltd., one of India’s leading two- and three-wheeler manufacturers, posted an 8% year-on-year increase in total sales for October, supported by a robust uptick in domestic demand and a steady recovery in export volumes. The company sold over 4.77 lakh units during the month, compared to 4.42 lakh units in the same period last year. The growth was primarily fueled by strong sales of motorcycles and a revival in three-wheeler demand.

Bank of Baroda (BoB) reported an 8% decline in its consolidated net profit for the second quarter ended September 2025, weighed down by narrowing net interest margins and higher provisioning expenses. Despite the profit dip, the state-run lender maintained steady credit growth, supported by strong advances in retail and corporate lending. The bank’s management emphasized that ongoing digital initiatives, cost optimization measures, and improving asset quality will drive performance in the coming quarters.

Mahindra Lifespace Developers Ltd., the real estate arm of the Mahindra Group, reported a consolidated net profit of Rs. 47.91 crore for the second quarter of FY2025, marking a significant turnaround backed by strong sales momentum and healthy project execution. The company’s performance reflects sustained demand in India’s residential real estate sector, particularly in premium and mid-income housing.

Mahindra & Mahindra Ltd. (M&M), one of India’s leading automotive manufacturers, reported a robust 26% year-on-year increase in total vehicle sales for October 2025, driven by strong festive demand and sustained interest in its SUV portfolio. The company’s total sales stood at 80,229 units, compared to 63,600 units in the same month last year. Bolstered by new launches and improved production efficiency, M&M’s domestic sales performance underscores the continuing momentum in India’s passenger vehicle market.

Toyota Kirloskar Motor (TKM) recorded a robust 39% year-on-year surge in sales during October, buoyed by festive season demand, a diversified product lineup, and rising consumer preference for hybrid vehicles. The automaker sold 25,407 units in October 2024, compared to 18,250 units in the same month last year, marking one of its strongest performances of the year. The surge was primarily driven by the popularity of models such as the Innova HyCross, Urban Cruiser Hyryder, and Glanza.

Tata Motors Ltd. reported a robust 26.6% year-on-year increase in total vehicle sales for October, reflecting strong momentum across both passenger and commercial segments. The automaker delivered 89,259 units during the month, compared to 70,031 units in the same period last year. The growth was underpinned by festive demand, resilient consumer sentiment, and improved supply chain efficiency. Passenger vehicle sales remained buoyant, supported by sustained interest in SUVs and electric vehicles, while the commercial segment benefited from infrastructure-led economic activity.

Signature Global Ltd., one of India’s leading real estate developers, is doubling down on its presence in the Delhi-NCR region amid rising demand for premium residential properties. The company plans to expand its development portfolio with a focus on mid-income and luxury housing projects, supported by strong market absorption and an improving economic outlook. With housing affordability stabilizing and urban infrastructure expanding, Signature Global’s strategy aligns with the growing appetite for high-quality homes in Gurgaon, South Delhi, and surrounding areas.