Q2 FY26 standalone revenue rises 29%, EBITDA margin expands to 12.7%

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹3630.00

prior close

₹3620.00

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.1% vs market

2/3 Wheelers peers, median of 7sector-0.3%-2.0% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty 100 and 2.0 pts less than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-0.9

15m

-1.7

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-0.2-2.1-0.3-2.0

Next day

-3.4+0.4-3.8-0.6-2.8

-3.7-0.2-3.5-1.9-1.7

-3.3-0.7-2.6-2.1-1.2

-3.4-0.4-3.0-1.8-1.6

-4.3-1.1-3.2-3.7-0.5

-4.4-1.6-2.9-4.1-0.3

15d

-4.3+0.3-4.6-0.1-4.2

-2.6+0.7-3.3+2.0-4.6

-1.4-0.3-1.1+0.1-1.5

+2.9-2.3+5.2-2.3+5.2

UpDownMarket · Nifty 100Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY26 consolidated operating revenue rose 25% to Rs 14,051 crore and profit after tax rose 42% to Rs 833 crore. Standalone revenue grew 29% to Rs 11,905 crore; operating profit before interest, tax, depreciation and amortisation rose 40% to Rs 1,509 crore, lifting margin 100 basis points to 12.7%. Two- and three-wheeler sales rose 23% to 15.07 lakh units. The auditor’s review was unmodified, while new EPR costs remain unquantified.

Likely market impact

Strong growth and wider margins support the stock, but unquantified scrappage costs and investment valuation losses are risks.