Petronet LNG reported a subdued Q2 performance, with net profit falling 5.3% quarter-on-quarter to ₹806 crore, while revenue declined 7.3% to ₹11,009 crore. EBITDA slipped 3.7% to ₹1,117 crore, although the operating margin saw a slight improvement to 10.15% from 9.76% in the previous quarter.
Shipping Corporation of India also posted weaker Q2 results, with net profit down 35% year-on-year to ₹189 crore from ₹291 crore. Revenue declined 7.7% to ₹1,338.8 crore, while EBITDA dropped 23.7% to ₹406 crore, resulting in a margin contraction to 30.3% from 36.7% in the same period last year.
Ashoka Buildcon received a Letter of Acceptance from North Western Railway, Ajmer, for a ₹539.35 crore project to upgrade the Northern Railway’s electric traction system from 1×25 kV to 2×25 kV. The project will enhance power capacity and modify overhead equipment to support train speeds of up to 160 kmph in the Ajmer Division.
Trent Ltd reported an 11.3% year-on-year rise in Q2 net profit to ₹373 crore, with revenue up 15.9% at ₹4,817 crore. EBITDA surged 26.5% to ₹816.9 crore, improving margins to 17% from 15.5% last year.
Schneider Electric posted a mixed Q2, with net profit declining 3.5% to ₹52.3 crore, while revenue grew 8.4% to ₹650 crore. EBITDA increased 12.9% to ₹83.4 crore, with margins inching up to 12.8% from 12.3%.
Kalyan Jewellers recorded robust growth, with net profit jumping 99.5% YoY to ₹260 crore, revenue rising 37.4% to ₹7,856 crore, and EBITDA up 55.8% to ₹497.1 crore. Margins improved to 6.3% from 5.3%.
Karnataka Bank posted a 5.1% YoY decline in Q2 net profit to ₹319.2 crore as net interest income fell 12.6% to ₹728.1 crore. Asset quality improved, with gross NPAs easing to 3.33% and net NPAs to 1.35% from the prior quarter.
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