Pennar Industries delivered steady growth in its latest quarterly performance, reflecting stable demand across its engineering and manufacturing segments. The company reported a 12% YoY rise in sales to Rs. 943 crore, supported by improved order execution. Operating performance remained firm, with EBIDT increasing 15% YoY to Rs. 82.4 crore, indicating better cost control and operational efficiency.

Net profit grew 10% YoY to Rs. 33.6 crore, while EPS improved to Rs. 2.49, showing consistent earnings momentum. With a market cap of around Rs. 2,175 crore and a P/E of 16.3, valuations appear relatively reasonable compared to peers. Going ahead, margin sustainability and growth in high-value engineering segments will remain key triggers for the stock.

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Krishna Defence reported a strong performance with sharp growth across key financial parameters. The company posted a 23% YoY rise in sales to Rs. 63.7 crore, reflecting steady execution in defence orders. Profitability improved significantly, with EBIDT jumping 140% YoY to Rs. 14.2 crore, indicating strong operating leverage.

Net profit surged 164% YoY to Rs. 10.2 crore, while EPS climbed 148% to Rs. 6.82, highlighting robust earnings momentum. The sharp margin expansion signals improving efficiency and better order mix.

With a market cap of around Rs. 1,537 crore and price near Rs. 1,030, the company continues to benefit from the defence sector’s growth outlook, though sustainability of margins and order visibility will remain key monitorables going ahead.

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Travel Food Services Q3FY26 Update

Travel Food Services reported a steady performance with December quarter revenue rising 11% YoY to Rs.456 crore, supported by improving airport traffic and consumption trends. EBITDA grew 15% YoY to Rs.181 crore, reflecting strong operating leverage and better margins. Net profit surged 36% YoY to Rs.137 crore, while EPS rose to Rs.10.08, highlighting healthy earnings momentum. The company continues to benefit from strong travel recovery and premium airport retail positioning. Stable growth with improving profitability keeps the outlook positive, though valuations remain at a moderate premium.

Hindware Home Innovation Q3FY26 Results

Hindware Home Innovation reported a steady operational recovery with December quarter sales rising 8% YoY to Rs.640 crore, supported by improving demand across core segments. EBITDA jumped sharply by 64% YoY to Rs.48.2 crore, indicating strong margin expansion and better cost efficiency. The company returned to profitability with net profit at Rs.3.60 crore versus a loss last year, while EPS improved to Rs.0.42. Despite the sharp earnings turnaround, the stock trades at a relatively high trailing PE, reflecting expectations of sustained growth. Operational momentum and improving profitability trends suggest the business is entering a stronger earnings cycle. If margin expansion sustains, the current phase could be seen as an early recovery stage rather than a fully priced rally. Value-oriented investors may start tracking the stock on declines as a gradual accumulation candidate.

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Nephrocare Health Services delivered strong growth with sales rising 32% YoY to Rs. 260 crore, reflecting expansion momentum in healthcare services. EBITDA increased 38% YoY to Rs. 60.9 crore, indicating healthy operating performance despite cost pressures. Net profit jumped 60% YoY to Rs. 32.2 crore, marking a sharp turnaround from the previous quarter’s loss. However, EPS declined sharply on a YoY basis, suggesting possible equity dilution or accounting adjustments. The numbers highlight robust growth, but valuation remains elevated at 74.8x PE.

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Huhtamaki India reported a stable topline with sales rising marginally by 1% YoY to Rs. 623 crore, reflecting steady demand conditions. However, profitability surged sharply, with EBITDA jumping 106% YoY, indicating strong margin expansion and cost efficiencies. Net profit grew 157% YoY to Rs. 30.3 crore, supported by operating leverage and improved execution. EPS also climbed 159% YoY to Rs. 4.01, signalling a strong earnings recovery despite muted revenue growth. Overall, the quarter highlights a clear shift towards profitability-driven performance.

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Repco Home Finance Ltd continues to deliver steady and consistent performance, with sales, EBITDA and net profit rising ~2–3% YoY in the Dec 2025 quarter. Despite modest growth, earnings stability and asset quality comfort stand out, with EPS improving to Rs. 18.45. The stock trades at an attractive P/E of just 5.5, indicating deep value versus peers. With a market cap of Rs. 2,518 crore, Repco Home Finance offers a strong buy opportunity for value-focused investors looking at a 6–12 month horizon.

PhysicsWallah reported a 34% YoY growth in revenue for the Dec 2025 quarter, driven by scale-up in its education platform. EBITDA rose 29% YoY, while net profit increased 28% YoY to Rs. 102 crore, indicating improving operating efficiency. However, EPS fell sharply to Rs. 0.35, reflecting equity dilution despite higher absolute profits.

Aditya Birla Fashion and Retail Ltd reported an 8% YoY rise in revenue for the Dec 2025 quarter, aided by gradual demand recovery. However, EBITDA growth remained muted at 3% YoY, while the company posted a wider net loss of Rs. 137 crore, compared to a loss of Rs. 42 crore last year. EPS deteriorated to Rs. -1.25, highlighting continued pressure on profitability despite topline growth.

Hero MotoCorp Ltd posted a 22% YoY jump in revenue for the Dec 2025 quarter, driven by improved volumes and product mix. EBITDA rose 24% YoY, reflecting operating leverage, while net profit increased 22% YoY to Rs. 1,275 crore. EPS improved to Rs. 63.35, underscoring steady earnings growth. At a P/E of 20.8, valuations appear reasonable amid demand recovery in the two-wheeler segment.

Mazagon Dock Shipbuilders Ltd reported a 15% YoY rise in revenue for Dec 2025 quarter, supported by healthy execution of defence orders. EBITDA and net profit grew 9% YoY, indicating stable operating performance despite margin pressures. EPS improved to Rs. 21.81, reflecting consistent profitability. With a market cap of Rs. 96,545 crore and P/E of 40.1, the stock remains priced for sustained defence-led growth.

(30 second reading) Fairchem Organics announced at the fag end of the trading session on Thursday, 20 November 2025, that its board had approved a buyback of up to 4,25,000 equity shares through the tender route for a total outlay of up to Rs 34 crore.

The stock had inched up 0.47% on the day of the announcement, but sentiment reversed sharply the next morning, driving the shares down 4.15%. The weakness persisted today, with the stock trading 1.45% lower at Rs 662.

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Krishna Defence delivered a strong Q2 performance with robust growth across all metrics. Sales rose 28% YoY to Rs. 120 cr, supported by healthy execution in defence manufacturing.
EBIDTA jumped 53% to Rs. 21.6 cr, while net profit increased 47% to Rs. 15.6 cr compared to Rs. 10.6 cr last year.
EPS improved to Rs. 10.47, reflecting consistent margin expansion and operational efficiency.
At the current price of Rs. 803, the company commands a P/E of 44.5 and a market cap of Rs. 1,198 cr, indicating strong investor confidence in its long-term defence opportunity.

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POCL Enterprises posted a steady Q2 performance despite a marginal dip in revenues. Sales slipped 3% YoY to Rs. 363 cr, while EBIDTA softened 2% to Rs. 18.1 cr.
Net profit, however, inched up 1% to Rs. 9.76 cr, indicating stable bottom-line strength.
EPS stood at Rs. 3.17, slightly lower due to temporary margin pressure.
At the current price of Rs. 201 and P/E of 16.5, the company’s balance sheet strength and diversified metals business position it as a potential future multibagger once sector demand improves.

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Indian Phosphate delivered a strong set of results for Q2. Sales rose 17% YoY to Rs. 499 cr, supported by healthy demand.
EBIDTA jumped 174% to Rs. 19.2 cr, while net profit surged 156% to Rs. 10.2 cr versus Rs. 0.81 cr last year.
EPS improved sharply to Rs. 3.32, reflecting a significant turnaround in profitability.
At the current price of Rs. 59.8, the stock trades at a reasonable P/E of 10.9, making the share appear attractive in terms of valuation given the sharp earnings rebound.

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Heranba Industries reported a disappointing Q2 despite higher revenues. Sales grew 19% YoY to Rs. 522 cr, but profitability collapsed sharply.
EBIDTA fell 18% to Rs. 48.8 cr, reflecting margin pressure.
The company posted a net loss of Rs. 2.14 cr, compared to a profit of Rs. 37.7 cr last year — a steep 104% decline.
EPS slipped from Rs. 9.49 to Rs. –0.36, signalling severe stress on earnings quality.
At the current price of Rs. 265 and market cap of Rs. 1,060 cr, investor sentiment is expected to remain weak post results

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NILE delivered a strong YoY performance in Q2. Sales rose 9% to Rs. 274 cr, supported by improved operating efficiency.
EBIDTA surged 39% to Rs. 17.5 cr, while net profit jumped 39% to Rs. 11.6 cr compared to Rs. 8.37 cr last year.
EPS also improved sharply to Rs. 38.64 versus Rs. 27.88 a year ago.
At the current price of Rs. 1,790, the company trades at a P/E of 11.6, with a market cap of Rs. 537 cr, indicating valuation comfort despite the sharp earnings rise.

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Sr. Rayala Hypo reported a mixed Q2 performance. Sales rose 7% YoY to Rs. 182 cr, but operational metrics softened.
EBIDTA declined 9% to Rs. 27 cr and net profit dipped 6% to Rs. 24.4 cr.
EPS also moderated to Rs. 14.20 versus Rs. 15.12 last year.
At the current price of Rs. 540, the stock trades at a reasonable P/E of 9.3 with a market cap of Rs. 927 cr.

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Muthoot Finance – Earnings Firepower at Multi-Quarter Highs

CMP: Rs. 3,393 | M-Cap: Rs. 1,36,235 Cr | P/E: 18.7

Muthoot Finance has delivered a blockbuster quarter with Sales rising 48% YoY to Rs. 7,283 cr, supported by strong growth in the gold loan book.
EBIDTA surged 61% YoY to Rs. 5,803 cr, reflecting superior operating leverage and improved spreads.
Net Profit jumped 90% YoY to Rs. 2,412 cr, while EPS doubled to Rs. 60.29, highlighting exceptional profitability and strong asset quality trends.

Chanakya View:

With robust growth across all parameters, improving profitability and a reasonable valuation (P/E 18.7), Muthoot Finance continues to remain a steady compounder in the NBFC space. The earnings momentum indicates further upside potential.

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Jubilant Foodworks – Strong Profit Rebound in Q2 FY26

Jubilant Foodworks posted a healthy performance in Sep 2025 with sales rising 20% YoY to Rs. 2,340 crore, supported by steady demand recovery across brands. EBIDTA jumped 20% YoY to Rs. 476 crore, reflecting improved operating efficiency and better cost control.
The major highlight was the sharp turnaround in profitability — Net Profit surged 53% YoY to Rs. 195 crore, against Rs. 94.3 crore in the previous quarter and Rs. 66.5 crore a year ago. EPS soared 191% YoY to Rs. 2.82, indicating strong earnings momentum.
At Rs. 574, the stock trades at a rich valuation (PE 126.4), but the sharp rebound in margins and profits may support sentiment in the near term.

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Eicher Motors: Strong Double-Digit Growth Continues

(30 second reading) Eicher Motors has delivered another robust quarter with Sales jumping 45% YoY to Rs. 6,172 crore, driven by strong Royal Enfield demand. EBITDA surged 39% YoY to Rs. 1,512 crore, reflecting firm operating performance. Net Profit rose 24% YoY to Rs. 1,369 crore, supported by healthy volumes and improved cost efficiencies.
Earnings per share (EPS) increased sharply to Rs. 49.93, compared to Rs. 40.15 last year.
Overall, the company continues to strengthen its leadership in the mid-weight motorcycles segment with solid profitability momentum.

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P N Gadgil Jewellers – Shining Q2 with Profit Surge

CMP: Rs. 671 | M-Cap: Rs. 9,112 Cr | P/E: 30.7

P N Gadgil Jewellers reported a strong Q2 FY25 performance, with sales up 9% YoY to Rs. 2,178 crore.
EBIDTA jumped 98% YoY to Rs. 107 crore, while Net Profit soared 127% YoY to Rs. 79.3 crore.
EPS more than doubled to Rs. 5.84 (vs Rs. 2.57 YoY), highlighting robust festive demand and margin expansion.

Chanakya View:
With sustained profit momentum and expanding margins, P N Gadgil Jewellers remains a sparkling performer in the retail jewellery space.

Asian Hotels (W) – Strong Profit Momentum Continues

CMP: Rs. 144 | M-Cap: Rs. 168 Cr | P/E: 3.1

Asian Hotels (W) has posted another robust quarter. Sales rose 18% YoY to Rs. 114 cr, driven by higher occupancy and strong room rates.
EBIDTA jumped 46% YoY to Rs. 55.2 cr, while Net Profit climbed 35% YoY to Rs. 24.4 cr.
EPS improved to Rs. 20.95 (vs Rs. 15.50 YoY), underscoring sustained operating leverage.

Chanakya View:
With a low P/E and rising profitability, the stock remains a value pick in the hospitality space showing clear earnings traction.

Monte Carlo Fashions – Profits Double on Strong Q2 Recovery

CMP: Rs. 771 | M-Cap: Rs. 1,601 Cr | P/E: 18.9

Monte Carlo Fashions reported a sharp turnaround in Q2 FY25, with sales up 13% YoY to Rs. 249 cr.
EBIDTA jumped 46% YoY to Rs. 41.5 cr, reflecting improved operating efficiency.
Net Profit surged 102% YoY to Rs. 16.2 cr, recovering from a loss in Q1.
EPS doubled to Rs. 7.80 (vs. Rs. 3.86 YoY).

Chanakya View:
A strong festive-season comeback — consistent margin improvement and profit growth make this a steady apparel sector outperformer.

Ginni Filaments – Strong Turnaround Performance

CMP: Rs. 41.30 | M-Cap: Rs. 353 Cr | P/E: 9.2

Ginni Filaments has delivered a remarkable turnaround in Q2 FY25, with sales up 2% YoY to Rs. 95 crore.
EBIDTA surged 590% YoY to Rs. 16.6 crore, while Net Profit jumped an extraordinary 12,438% to Rs. 10.3 crore.
EPS improved sharply to Rs. 1.20 (vs. Rs. 0.01 YoY), reflecting a strong operational recovery and margin expansion.

Chanakya View:
Operational revival complete — low P/E and improving profitability make it a potential turnaround play to watch.

Hindware Home Innovation posted a sharp turnaround in Q2 FY26. Sales grew 7 percent YOY to Rs. 676 crore, while EBITDA surged 90 percent to Rs. 56.4 crore, reflecting strong operating recovery. The company swung back to profit with Rs. 5.04 crore, compared to losses in both the June quarter and last year. EPS improved to Rs. 0.59, a major jump from negative levels.

At Rs. 378, the company’s earnings revival signals improving fundamentals and better margin traction.

RBZ Jewellers delivered an excellent Q2 FY26 performance

RBZ Jewellers delivered an excellent Q2 FY26 performance. Sales rose 24 percent YOY to Rs. 145 crore, driven by strong festive and wedding-season demand. EBITDA jumped 102 percent to Rs. 28.2 crore, indicating major margin improvement. Net profit surged 130 percent to Rs. 18.6 crore, pushing EPS up 130 percent to Rs. 4.64 from Rs. 2.02 last year.

At Rs. 164, the stock trades at a reasonable PE of 13.8x, supported by sharp earnings momentum.

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Surya Roshni delivered a strong Q2 FY26 performance

Surya Roshni delivered a strong Q2 FY26 performance. Sales grew 21 percent YOY to Rs. 1,845 crore, driven by improved demand across lighting and steel pipes. EBITDA jumped 55 percent to Rs. 118 crore, reflecting better margins. Net profit surged 106 percent to Rs. 74.1 crore, pushing EPS up 105 percent to Rs. 3.41 from Rs. 1.66 last year.

At Rs. 300, the stock trades at an attractive PE of 19.9x, with earnings momentum clearly strengthening.

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MOIL  Sales rose 19 percent YOY

(30 second reading) MOIL delivered a steady and healthy performance in Q2 FY26. Sales rose 19 percent YOY to Rs.348 crore, supported by firm manganese ore demand. EBITDA increased 26 percent to Rs.99.5 crore, reflecting improved realisations and operating efficiency. Net profit jumped 41 percent to Rs.70.4 crore, with EPS rising to Rs.3.46 from Rs.2.46 last year.

At Rs.373, the stock trades at a reasonable PE of 25.2x, indicating stable growth at fair valuations.

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Borosil Renewables posted turnaround

(30 second reading) Borosil Renewables posted a powerful turnaround in Q2 FY26. Sales jumped 42 percent YOY to Rs.378 crore, while EBITDA surged 159 percent toRs.124 crore, indicating sharp operating leverage. The biggest shift came at the bottom line, where net profit soared 429 percent to Rs.45.8 crore compared to Rs.12.6 crore last year and a loss in the June quarter. EPS improved to Rs.3.44 versus Rs.0.97 a year ago.

At Rs.699, the stock trades at a steep PE of 78x, reflecting high expectations on sustained growth momentum.

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Suprajit Engineering Q2: Exceptional Profit Rebound

(30 seconds reading) Suprajit Engineering delivered a strong September 2025 quarter. Sales grew 13% YoY to Rs. 941 crore, supported by steady demand across automotive and non-auto segments. EBITDA jumped 58% YoY to Rs. 99.6 crore, reflecting improved margins and operational efficiency.

The standout highlight was profitability. Net profit surged over 10,500% YoY to Rs. 51 crore, compared to a negligible Rs. 0.48 crore last year, driven by better realisations and lower exceptional costs. EPS rose sharply to Rs. 3.67 from Rs. 0.03.

At Rs. 433, the stock trades at a PE of 37.5. The sharp turnaround in earnings provides confidence, though sustained performance over coming quarters will determine further upside.

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WeWork India Q2: Strong Revenue

(30 seconds reading) WeWork India reported solid top-line growth in September 2025, with sales rising 22% YoY to Rs. 575 crore, supported by sustained demand for flexible workspace solutions. EBITDA also improved 27% YoY to Rs. 380 crore, indicating healthy operating leverage.

However, profitability saw a drastic collapse. Net profit plunged 97% YoY to Rs. 6.41 crore, sharply lower than Rs. 204 crore last year, due to one-offs and higher interest and depreciation charges. EPS dropped to Rs. 0.47 from Rs. 37.16 YoY.

At Rs. 624, the stock trades at a PE of 49, which looks expensive given the severe pressure on net earnings. Investors will need clarity on whether this profit decline is temporary or structural.

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Elin Electronics Q2: Strong Turnaround

(30 seconds reading) Elin Electronics delivered an impressive September 2025 quarter. Sales rose 23% YoY to Rs. 375 crore, driven by healthy demand in key product categories. Operating performance improved sharply, with EBITDA up 80% YoY to Rs. 20.4 crore, reflecting better margins and cost efficiency.

Net profit surged 115% YoY to Rs. 10.3 crore, and EPS jumped to Rs. 2.07 compared to Rs. 0.96 last year, signalling a strong turnaround at the bottom line.

At Rs. 203, the stock trades at a PE of 26.3, which appears reasonable given the strong earnings momentum. Sustaining this profitability trend will be key for further re-rating

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SJVN Q2 Update: Sharp Profit Decline

(30 seconds reading) SJVN posted a flat performance in the September 2025 quarter. Sales inched up 1% YoY to Rs. 1,032 crore, while EBITDA improved 4% YoY to Rs.860 crore, indicating stable operating efficiency. However, profitability weakened sharply. Net profit dropped 30% YoY to ₹308 crore, and EPS fell to ₹0.78 from ₹1.12 last year, largely due to higher costs and lower other income.

At Rs.84.2, the stock trades at a steep PE of 59.4, which appears demanding given the muted revenue growth and significant pressure on earnings. Investors may wait for clarity on profitability recovery before taking fresh positions.

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Trent Q2 Results: Profit Steady

(25 seconds reading) Trent reported nearly 16% YoY revenue growth in Q2, but analysts flagged a clear deceleration. A strong 43% YoY increase in retail area was offset by a 17% drop in revenue per sq. ft, pointing to store-level cannibalisation.
Even so, net profit rose 11.44% to Rs.373.42 crore, supported by tight cost controls.

Analysts noted that an expanding mix of tier-2 and new stores, which typically take longer to mature, slowed overall productivity. Profitability improved due to aggressive cost optimisation, but brokerages cut earnings estimates, which weighed on the stock.

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BEL secures Rs 792 crore orders

Bharat Electronics Ltd (BEL) has received fresh orders worth Rs 792 crore since October 30, 2025. The contracts include defence network upgrades, radio communication systems, radars, drones, combat management systems, gun-sighting equipment, spares and related services. The orders strengthen BEL’s execution pipeline for FY26. Following the announcement, the stock traded 0.70% higher at Rs 417.15.

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Paras Defence stock split & dividend

Paras Defence and Space Technologies has received shareholders approval for the sub-division of equity shares or stock split. This is the first-ever stock split by Paras Defence.

Paras Defence has declared its first-ever dividend of Rs 0.50 per shareduring its Q4 FY25 earnings on April 30. 

In the fourth quarter, Paras Defence reported a stellar 97% increase in net profit, reaching Rs 19.7 crore compared to Rs 10 crore during the same period last year. The company’s revenue also rose by 35.8% year-on-year to Rs 108.2 crore, up from Rs 79.7 crore in the previous year’s quarter.

Paras Defence stock split & dividend

ITD Cementation Wins Order Worth Rs 893 Crore In Odisha

ITD Cementation India Ltd. has won a contract worth Rs 893 crore in Odisha. The project involves the construction of the berth and breakwater for the development of greenfield captive jetties, according to a stock exchange filing on Monday.

ITD Cementation is eyeing a top-line growth of 25–30% in the current financial year and the company is also focusing on cost control and improving its margin, Chief Financial Officer Prasad Patwardhan said last month.

ITD Cementation Wins Order Worth Rs 893 Crore

Yes Bank to raise Rs 16,000 crore via equity, debt

Private sector lender Yes Bank announced that its board has approved raising of Rs 16,000 crore through a mix of equity and debt in order to fund business growth. The Bank has approved raising up to Rs 7,500 crore in equity capital and Rs 8,500 crore through debt instruments during FY26. The funds will be raised in several phases, across both domestic and international markets.

In a regulatory filing, the company said that it has received board approval to raise up to Rs 7,500 crore by issuing equity securities through various permitted methods. However, the total equity dilution including from converting any approved convertible debt, will not exceed 10 per cent.

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 Reliance To Develop Open Spaces Around Mumbai's Coastal Road

Nearly a year after Mumbai's Coastal Road was opened to traffic, the BMC has selected Reliance Industries Limited (RIL) to develop 53 hectares of reclaimed open space along the road. The company will take at least three to four months to prepare a plan, following which work on realising new open spaces along the road from Priyadarshini Park to Worli will commence, said sources in the civic body. Initially, the BMC had planned to develop open spaces along the 13,000-crore Coastal Road of its own accord.

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