Geojit BNP Paribas Broker Research reports

*over or under performance to benchmark index H1FY26 consolidated revenue increased 18.2%YoY to 1,569cr, driven by strong growth in EPC municipal projects (+45%) and a sharp uptick in O&M industrial activity (+93%),...

Sundram Fasteners delivered a healthy Q2FY26 performance despite macro headwinds, supported by cost discipline and diversified revenue streams. It posted revenue of 1,521cr, up 2.3% YoY, with EBITDA at 252cr and margins at 17%. PAT stood at 153cr,...

The demand outlook remains positive supported by GST rate cuts and improving rural sentiment among other macro economic tailwinds. Management expects commodity cost pressures to be softer in Q3 compared to Q2, while pricing discipline, favourable product mix and material costsaving initiatives are likely to support margin expansion. EV volume trajectory is expected to improve from Q3 with the rollout of the new Orbiter EV and gradual easing of magnet supply constraints. The company continues to invest strategically in premium motorcycles, EVs and technology capabilities to reinforce long-term competitiveness. With strong product momentum, export recovery and sustained premiumisation, TVS is positioned to grow ahead of the industry....

Union Bank of India, incorporated in 1919, is a leading public sector bank with ~75% government ownership. Following its merger with Andhra Bank and Corporation Bank in 2020, it has expanded its footprint across India and internationally, with branches in Dubai, Sydney, London, and Malaysia....

In Q2FY26, interest earned declined 0.7% YoY owing to reduced income on investments (-1.2% YoY), interest on balance with the Reserve Bank of India and other inter-bank funds (-31.7% YoY). Interest expenses increased 2.1% YoY to Rs. 1,957cr. As a result, net interest income (NII) decreased 4.0% YoY to Rs. 1,551cr...

*over or under performance to benchmark index We retain a cautious stance on Muthoot Finance despite its solid operating performance. The company continues to benefit from its strong gold-loan franchise and supportive industry tailwinds; however, intensifying competition in the segment...

Ambuja Cements displayed strong financial results in Q2, supported by robust volume traction, sustained cost leadership and steady improvement across its acquired assets, despite the seasonal impact of prolonged monsoons. The macro environment remains healthy, backed by higher investment in both public and private sectors, the favourable impact of GST reforms and the strengthening economic sentiment. Expansion momentum remains intact, with debottlenecking initiatives and upcoming capacities set to improve the company's operating leverage. A combination of operational momentum and strategic expansions...

Consolidated revenue increased 9% YoY to Rs.4032 cr on strong PV, industrial and defence performance with stable overseas operations, whereas standalone revenue fell 12% YoY in Q2FY26 due to weak CV exports amid a North American...

*over or under performance to benchmark index Mankind Pharma is an Indian multinational pharmaceutical and healthcare product company, headquartered in New Delhi. The company has products in therapeutic areas...

*over or under performance to benchmark index NTPC Ltd owns and operates electricity generation plants that supply power to state electricity boards in India. The company generates power from coal, gas, liquid fuel,...