Kajaria Ceramics reported a broadly in-line Q2FY26 estimates on the revenue front, however profitability beat expectations on the back of sustained cost optimization measures. Consolidated revenue stood at Rs12bn, up just 1% YoY, reflecting continued weakness in tiles volume amid sluggish domestic demand. However, EBITDA rose sharply by 34% YoY to Rs2.1bn, aided by savings in packaging, procurement, and manpower costs, translating into a margin of 18% (+452bps). PAT came in at Rs1.3bn (+58% YoY). Management highlighted that short-term pain from the ongoing unification of sales and operations has...
Infosys reported a steady but cautious performance in Q2FY26, showcasing strong execution despite a weak demand environment. Revenue rose 2.2% sequentially and 2.9%YoY in CC term, crossing USD 5bn. Operating margin improved to 21%, supported by better efficiency under Project Maximus and stronger pricing. The company secured USD 3.1bn in large deals (67% net new) and announced an additional USD 1.6bn megadeal after the quarter, reflecting continued client trust. Free cash flow was healthy at USD 1.1bn, equal to 131% of net profit, while attrition dropped to 14.3%. Infosys continued advancing its...
Ador Welding (AWL) reported decent financial performance in Q2FY26, with slight ~4% growth YoY in revenue, on the back of improved realizations, but the volumes stayed put. The current margins are expected to be the baseline level and sustainable in the future. The ONGC Uran Flares project is expected to be completed this quarter and hence we expect no further surprises going ahead. FY27 should see the start of improved profitability reflecting only core business performance with minimal impact of the project business. Ador is gearing up to tap opportunities in the domestic capex upcycle from industries such as defense...
TCS reported a 0.8% QoQ growth and 3.3% YoY decline in constant currency revenue driven by strong momentum across most verticals except Consumer Business and geographies excluding the UK. Operating margin expanded 70bps sequentially to 25.2% (excluding one-time severance), aided by currency tailwinds, utilization gains, and pyramid rebalancing, partially offset by wage hikes and ongoing AI investments. Net margin stood at 19.6%. TCS recorded its highest-ever quarterly TCV of USD 10bn (+16% YoY), with BFSI at USD 3.2bn and Consumer Business at USD 1.8bn. Management reiterated that FY26 international revenue...
Billet-Ex-Raipur: Billet prices decreased by 1.9% WoW to Rs 35,800/tonne, amid weak market sentiments owing to muted downstream demand and falling finished steel prices leading to need based procurement by steel producers. Chinese HRC: Chinese HRC prices decreased by 3.1% WoW to Rs 41,703/tonne, due to weak demand, further driven by...
Tata Capital Limited (TCL) is the flagship financial services company of the Tata Group and a subsidiary of Tata Sons Private Limited. As of June 30, 2025, TCL is the third-largest diversified NBFC in India, with total Gross Loans of ~Rs. 22,19,504 mn and a customer base of 7.3 mn. Its business spans 25+ lending products catering to retail, SME, and corporate customers, with retail and SME loans accounting for 87.5% of the loan book. The company operates an omni-channel distribution model with 1,516 branches across 27 states/UTs, supported by ~30,000 DSAs, ~400 OEM partnerships, and 60+ digital partners. TCL reported...
