Uncategorized

Shares of Delhivery, BEML, Grasim, NCC, Ola Electric and others tumbled after Q2 results, as weaker-than-expected earnings, margin pressures and muted outlooks dragged sentiment.

Despite a 12.7% rise in revenue to ₹1,376.7 crore from ₹1,222 crore a year ago, profitability took a hit as operating performance weakened.

NCC’s Revenue for the quarter fell 12.6% from last year to ₹4,543 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 11.5% on a year-on-year basis to ₹394 crore.

Kirit Bhansali, Chairman of GJEPC, said lab-grown diamonds are emerging as a key export driver, with production rising from 3 million to an expected 25 million carats this year, while demand for natural diamonds remains steady.

The Sensex fell 148 points to end at 83,311, while the Nifty slipped 88 points to 25,510. The Nifty Bank index was down 273 points at 57,554, and the Midcap index fell 569 points to 59,469.

Cholamandalam Investment’s Net Interest Income, or core income earned by the company increased by 24.5% from last year to ₹3,378 crore, which is also in-line with the CNBC-TV18 poll of ₹3,359 crore.

Revenue from operations grew 7.7% to ₹1,757 crore, up from ₹1,633 crore a year earlier, the company said in its exchange filing. The healthcare major’s EBITDA rose 14.5% to ₹502.6 crore from ₹439 crore in the corresponding quarter last year.

UPL’s EBITDA at the end of the September quarter stood at ₹2,205 crore, which is a growth of 40% from last year’s figure of ₹1,575 crore.

SBI said in a statement that both promoters have jointly initiated the IPO process, which is expected to be completed in 2026.

Anand Shah of ICICI Prudential AMC said the paints and auto sectors earlier benefited from limited competition, but the entry of new players has increased pressure on margins and will delay recovery.