Stocks rise and fall on quarterly results

Stocks are reacting to Q2 results, with Marico rising 6.78% to Rs 852 apiece and KEC International dropping 6.95%. Several companies announced their September quarter (Q2 FY27) results, with some reporting strong year-on-year growth in profitability and revenue, while others witnessed a decline in earnings and margins.

Company Performances

Marico’s revenue grew 13% year-over-year to Rs. 3,897 crore, with EBITDA increasing 26.6% to Rs. 709 crore. The company’s net profit rose 31% to Rs. 550 crore. Petronet LNG’s revenue grew 29.6% quarter-over-quarter to Rs. 7,202 crore, with a profit of Rs. 1,235 crore.

KRBL’s shares rose 9.5% after the company reported a 14.3% year-over-year increase in revenue to Rs. 1,727 crore. HLE Glascoat’s revenue declined 1.1% year-over-year to Rs. 347 crore, while MOIL’s revenue dropped 0.5% quarter-over-quarter to Rs. 369 crore.

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Declines and Gains

KEC International’s shares fell 6.95% after the company reported a 10.3% year-over-year decline in revenue to Rs. 5,468 crore. VRL Logistics’ revenue grew 20.7% year-over-year to Rs. 962 crore, with a net profit of Rs. 103 crore. Wockhardt’s revenue increased 23.9% year-over-year to Rs. 969 crore.

CONCOR’s revenue rose 1% year-over-year to Rs. 2,379 crore, while ESDS Software’s revenue grew 3% quarter-over-quarter to Rs. 138 crore. Granules India’s revenue increased 20.3% year-over-year to Rs. 1,560 crore, with a net profit of Rs. 182 crore.

Marico’s shares rose 6.78% to Rs 852 apiece following its Q2 results, with revenue growing 13% year-over-year to Rs. 3,897 crore.