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Asian Paints’ Q2 volume led recovery was largely propelled by a sharp internal execution push intensified brand-building investments to deepen consumer mindshare, enhanced market reach, and sharper customer connect.

Varroc Engineering’s (VAR) EBITDA margin stood at 9.2%, down ~80bps YoY (vs. Consensus/I-Sec estimate of 9.8%/9.7%). Revenue growth was ~6% YoY, with ~8% YoY growth in India operations.

Thermax’s performance has been under pressure over the last few quarters, mainly due to a drag from one of its two key segments – industrial infra.

Samvardhana Motherson International (SAMIL)’s operating performance was slightly ahead of our estimates. Outlook for global LV volumes is improving led by new platform/model launches from global OEMs.

Fortis Healthcare (Fortis) delivered a strong beat in EBITDA and PAT led by stronger margins across its hospitals (+140bps) and diagnostic verticals (+510bps).

Eicher Motors’ (EIM) Q2FY26 standalone EBITDAM came in at 24.9%, 80bps below I-Sec estimate. Marketing / brandbuilding efforts and regular product interventions have been driving the outperformance for RE in domestic market.

Century Plyboards (CPBI) reported Q2FY26 consol. revenue growth of 17.1% YoY. Plywood/laminates/MDF and allied revenue grew 14.8%/16.6%/27.9% YoY with volume up 15.6%/1.6%/20.8% YoY.

Rubicon Research (Rubicon) delivered better-than-expected performance, with a 7%/18%/21% beat on revenue/EBITDA/PAT for the quarter.

Repco Home Finance’s (Repco) 2QFY26 PAT declined 5% YoY to INR1.07b (in line). NII in 2QFY26 grew ~14% YoY to ~INR1.9b (in line). Other income declined ~46% YoY to INR123m (vs. our est. of INR200m).

NSDL’s operating revenue grew 12% YoY/28% QoQ to INR4b (20% beat), led by 21%/7% YoY growth in Depository/Banking segments. For 1HFY26, revenue grew 3% YoY to INR7.1b.