Author: Nishtha Mehrotra | EQMint
Synopsis:
- BHEL’s profit more than doubled, with margins improving.
- Groww and HDB Financial Services reported strong profit growth, while Canara Bank improved asset quality.
- CEAT’s profit declined despite higher revenue, highlighting margin pressure.
Q2FY27 earnings show mixed performance across five companies. BHEL, Groww, HDB Financial Services and Canara Bank reported profit growth, while CEAT faced pressure on earnings despite higher sales.
BHEL: Profit after tax (PAT) rose 122% to ₹802 crore from ₹360 crore. Revenue increased 23.81% to ₹9,300 crore, while EBITDA jumped 76.53% to ₹1,025 crore. EBITDA margin improved to around 11% from 7.7%.
Groww: PAT increased 53.74% to ₹725 crore, while revenue grew 47.39% to ₹1,501 crore. EBITDA rose 60.31% to ₹968 crore, lifting margins to approximately 64%.
HDB Financial Services: PAT climbed 34.19% to ₹780 crore. Revenue rose 10.43% to ₹4,659 crore, while EBITDA increased 15.41% to ₹2,918 crore.
Canara Bank: PAT grew 8.40% to ₹5,175 crore. Net interest income increased to ₹11,044 crore, while net NPA improved to 0.30% from 0.36% in the previous quarter.
CEAT: Revenue jumped 26.21% to ₹4,762 crore, but PAT fell 34.27% to ₹117 crore. EBITDA declined 9.15% to ₹457 crore, pushing margins below 10%.
The results underline why investors need to track profitability alongside revenue growth. BHEL and Groww improved margins, while CEAT struggled to convert higher sales into earnings.
Disclaimer: This article is for information purposes only and is not investment advice.
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