Earnings Central: From Tata Motors, Eicher and Manipal Health to Jubilant Pharmova, the hits and misses

Detailed summary

Friday’s Q2 results brought a mixed bag for investors, with Tata Motors Passenger Vehicles, Eicher Motors, Manipal Health, Godrej Industries and Jubilant Pharmova among the key reporters. While revenue growth remained strong across several companies, margins and profitability exposed some underlying pressure.

The Q2 earnings season continues to throw up a mixed bag for investors, with several big names reporting their September-quarter numbers on Friday. Tata Motors Passenger Vehicles, Eicher Motors, Manipal Health Enterprises, Godrej Industries, Jubilant Pharmova, RelaxoFootwears and Inox Green Energy Services were among the companies in focus. While revenue growth remained healthy across several businesses, profitability and margins told a different story. Here’s how the day’s earnings unfolded.

Tata Motors: Revenue grows, but exceptional costs push company into the red

Tata Motors Passenger Vehicles reported a consolidated net loss of ₹5,531 crore in Q2 FY27, compared with a net profit of ₹76,170 crore in the corresponding quarter last year. The company reported exceptional items worth ₹6,738 crore during the September quarter, against ₹2,608 crore a year earlier.

Manipal Health Enterprises reported a 13.2% year-on-year decline in net profit to ₹270 crore for the September quarter, compared with ₹311 crore a year earlier. The healthcare company’s revenue from operations grew 37.3% to ₹3,399 crore from ₹2,475 crore. EBITDA increased 29.8% to ₹872 crore, but the operating margin contracted to 26% from 27% in the year-ago quarter. The numbers point to strong business growth, but profitability did not keep pace with the expansion in revenue.

Godrej Industries delivered one of the stronger performances of the day. Consolidated net profit attributable to owners rose to ₹559.6 crore in Q2 FY27 from ₹242.5 crore in the corresponding quarter last year. Revenue from operations increased 45.1% to ₹7,302.98 crore from ₹5,032.14 crore. The combination of strong revenue growth and a sharp improvement in operating profitability made it a relatively encouraging quarter for the company.

Eicher Motors reported a 14.8% year-on-year increase in consolidated net profit to ₹1,573.4 crore for Q2 FY27, compared with ₹1,370 crore a year earlier.

However, the company missed CNBC-TV18's poll…

Jubilant…

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