Indian Companies Post Mixed Q2 FY26 Earnings: Suzlon Skyrockets, Indigo Deepens Losses, SBI & M&M Show Growth

On November 4, several prominent Indian corporations disclosed their financial results for the second quarter of the fiscal year 2025-26 (Q2 FY26).

**Suzlon Energy** reported a remarkable 539% year-on-year (YoY) profit growth, with its consolidated net profit reaching Rs 1,279 crore, up from Rs 200 crore in the previous year. Its revenue also surged by 84.6% YoY to Rs 3,865 crore.

**State Bank of India (SBI)**, the country's largest lender, announced a net profit of Rs 20,159.67 crore, an increase of 9.97% YoY. Its Net Interest Income (NII) grew by 3.3%.

**Mahindra & Mahindra** posted a consolidated net profit of Rs 3,673 crore, up 15.85% YoY, on a revenue increase of 21.75%.

**Adani Enterprises** saw its consolidated net profit climb 71.65% to Rs 3,414 crore, but its revenue from operations decreased by 6% to Rs 21,248 crore.

**InterGlobe Aviation**, operator of IndiGo, reported a net loss of Rs 2,582 crore for the September quarter, significantly wider than the Rs 986 crore loss in the year-ago period, primarily due to currency fluctuations.

**Garden Reach Shipbuilders and Engineers** announced a 57.29% profit growth, with net profit at Rs 153.78 crore and revenue up 45%.

**Kansai Nerolac Paints** reported an 11.3% YoY increase in net profit to Rs 133.31 crore, while its revenue remained largely flat. The company noted that extended monsoons impacted demand.

**ACME Solar Holdings** experienced a more than seven-fold jump in net profit to Rs 115.06 crore, with total income doubling.

**Adani Ports and Special Economic Zone** posted a 29% rise in consolidated net profit to Rs 3,120 crore and announced the acquisition of NQXT Port in Australia.

**One MobiKwik Systems**, a fintech firm, reported a widening consolidated loss of Rs 28.6 crore, compared to Rs 3.59 crore in the previous year, alongside a 7% decline in revenue.

Impact: These earnings reports are critical for investors as they reflect the financial health and operational performance of key companies across various sectors, influencing market sentiment and investment decisions. The mixed results highlight sector-specific trends, with renewable energy and banking showing strength, while aviation faces challenges. Overall, these reports provide valuable data for assessing the economic landscape. Rating: 8/10.

Terms: * YoY (Year-on-Year): A comparison of financial performance metrics from the current period to the same period in the previous year. * Consolidated Net Profit: The total profit of a parent company and its subsidiaries after accounting for all expenses, interest, and taxes. * Revenue: The total income generated from the company's primary business activities, such as the sale of goods or services. * Net Interest Income (NII): For banks, this is the difference between the interest income generated from lending activities and the interest paid out to depositors. * Gross Merchandise Value (GMV): The total value of merchandise sold through an online platform over a specific period, before accounting for fees, returns, or other adjustments.