ASIAN PAINTS Q2 FY27 RESULTS

• Net Profit: ₹1,085 Cr ↑7% (YoY) | ↓30% (QoQ)

• Revenue: ₹9,977 Cr ↑17% (YoY) | ↓5% (QoQ)

• EBITDA: ₹1,557 Cr ↑4% (YoY) | ↓28% (QoQ)

• Margins: 15.6% vs 17.6% (YoY) | 20.6% (QoQ)

• EPS: ₹11.14 ↑7% (YoY) | ↓31% (QoQ)

ASIAN PAINTS:

Q2 VOLUME-GROWTH AT 6.8% VS EST 8-10%

Asian Paint Decorative Business (India) delivered volume 6.4% -- Estimate was 7-8%

Asian paints - Second round of price hike

With inflationary pressures showing little sign of easing, we are implementing a further round of staggered price increases in the coatings business, while intensifying our cost-efficiency initiatives.

🎨 ASIAN PAINTS Q2 FY27 HIGHLIGHTS

🎨 DECORATIVE BUSINESS – INDIA

• Volume Growth: 6.4%.

• Value Growth: 14.5%.

🌍 INTERNATIONAL BUSINESS

• Net Sales grew 29.5% YoY (23.7% in constant currency).

🏭 CAPACITY EXPANSION

• Phase 1 of the VAE manufacturing plant at Dahej commissioned.

⚠️ PRICE INCREASES

• Further staggered price increases planned amid sustained raw material inflation.

🎨 ASIAN PAINTS Q2 FY27 HIGHLIGHTS

RESULTS (CONSOLIDATED)

• Net Sales: ₹9,953.9 Cr, up 16.9% YoY.

• PBDIT: ₹1,557.1 Cr, up 3.6% YoY.

• PBDIT Margin: 15.6% vs 17.7% YoY, down 202 bps.

• Profit Before Tax: ₹1,477.8 Cr, up 6.2% YoY.

• Net Profit: ₹1,067.6 Cr, up 7.5% YoY.

🏢 STANDALONE RESULTS

• Net Sales: ₹8,423.6 Cr, up 14.8% YoY.

• PBDIT: ₹1,440.3 Cr, up 5.9% YoY.

• PBDIT Margin: 17.1% vs 18.5% YoY, down 144 bps.

• Net Profit: ₹1,095.6 Cr, up 14.6% YoY.

💸 DIVIDEND

• Interim Dividend: ₹5.75 per share.

GRINDWELL NORTON Q2 FY27 RESULTS

• Net Profit: ₹133 Cr ↑24% (YoY) | ↑15% (QoQ)

• Revenue: ₹884 Cr ↑14% (YoY) | ↑10% (QoQ)

• EBITDA: ₹166 Cr ↑18% (YoY) | ↑6% (QoQ)

• Margins: 18.8% vs 18.2% (YoY) | 19.5% (QoQ)

• EPS: ₹11.99 ↑24% (YoY) | ↑15% (QoQ)

Shadowfax Technologies Ltd – Q2 FY27 FINANCIAL RESULTS HIGHLIGHTS

Unaudited standalone and consolidated financial results for the quarter ended September 30, 2026:

- Revenue grew 56.6% YoY to INR 1538 Cr

- PAT stood at INR 68 Cr (422% YoY growth)

- Adjusted EBITDA at INR 77 Cr (5.0% margin)

- Ind AS EBITDA at INR 104 Cr (6.7% margin)

- Total orders delivered: 27.1 Cr (up 69.7% YoY)

- Express Parcel revenue grew 55.2% YoY; Hyperlocal revenue grew 87.7% YoY

BLACKBUCK Q2 FY27 RESULTS

• Net Profit: ₹41 Cr ↑42% (YoY) | ↓2% (QoQ)

• Revenue: ₹235 Cr ↑56% (YoY) | ↑15% (QoQ)

• EBITDA: ₹51 Cr ↑39% (YoY) | ↑2% (QoQ)

• Margins: 21.5% vs 24.2% (YoY) | 24.3% (QoQ)

• EPS: ₹2.27 ↑42% (YoY) | ↓2% (QoQ)

HEIDELBERG CEMENT Q2 FY27 RESULTS (STANDALONE)

• Net Profit: ₹17 Cr ↓33% (YoY) | ↓45% (QoQ)

• Revenue: ₹568 Cr ↑11% (YoY) | ↓10% (QoQ)

• EBITDA: ₹48 Cr ↓16% (YoY) | ↓28% (QoQ)

• Margins: 8.5% vs 11.2% (YoY) | 10.6% (QoQ)

• EPS: ₹0.74 ↓33% (YoY) | ↓45% (QoQ)

AMBUJA CEMENTS Q2 FY27 RESULTS

• Net Profit: ₹236 Cr ↓90% (YoY) | ↓64% (QoQ)

• Revenue: ₹9,166 Cr Flat (YoY) | ↓3% (QoQ)

• EBITDA: ₹1,240 Cr ↓28% (YoY) | ↓21% (QoQ)

• Margins: 13.5% vs 18.8% (YoY) | 16.5% (QoQ)

• EPS: ₹0.78 ↓89% (YoY) | ↓66% (QoQ)

GK ENERGY: CO MD SAYS LOOKING AHEAD, VISION IS TO REACH 1 MILLION INSTALLED SYSTEMS AND BUILD A USD 1 BILLION BUSINESS BY 2030.

WELSPUN CORP: CO APPROVES USD 115 MLN CAPEX FOR ADDITIONAL SPIRAL PIPE FACILITY IN USA; CO APPROVES USD 125 MLN INVESTMENT FOR PIPE MANUFACTURING FACILITIES IN JORDAN

AMBUJA CEMENTS: LOOKING AHEAD, NEAR-TERM CONDITIONS REMAIN CHALLENGING AMID GEOPOLITICAL CONFLICTS

MONTHLY ECONOMIC REVIEW FOR OCTOBER

Economic activity expanded in Q2

GDP Growth nowcast at 7.35% IN Q2FY27

Model estimates growth at 7.3% in FY27

India relatively insulated from rising global bond yields, volatile stock markets

WHEELS INDIA Q2 FY27 RESULTS

• Net Profit: ₹60 Cr ↑90% (YoY) | ↑54% (QoQ)

• Revenue: ₹1,711 Cr ↑35% (YoY) | ↑15% (QoQ)

• EBITDA: ₹128 Cr ↑38% (YoY) | ↑15% (QoQ)

• Margins: 7.5% vs 7.3% (YoY) | 7.5% (QoQ)

• EPS: ₹24.21 ↑91% (YoY) | ↑54% (QoQ)

LAURUSLABS: Q2 CONS NET PROFIT 4.4B RUPEES VS 1.95B (YOY); EST 3.54B

LAURUSLABS: Q2 REVENUE 22.06B RUPEES VS 16.5B (YOY); EST 21.1B

LAURUSLABS: Q2 EBITDA 7.5B RUPEES VS 4B (YOY), EST 6.44B; Q2 EBITDA MARGIN 34% VS 24.39% (YOY), EST 30.5%

LAURUS LABS Q2 FY27 RESULTS

• Net Profit: ₹437 Cr ↑125% (YoY) | ↑21% (QoQ)

• Revenue: ₹2,206 Cr ↑33% (YoY) | ↑9% (QoQ)

• EBITDA: ₹750 Cr ↑86% (YoY) | ↑18% (QoQ)

• Margins: 34.0% vs 24.4% (YoY) | 31.5% (QoQ)

• EPS: ₹8.17 ↑126% (YoY) | ↑20% (QoQ)

LAURUS LABS Q2 FY27 — RESULTS VS ESTIMATES

• Revenue: ₹2,206 Cr vs ₹2,088 Cr estimated (+6% beat) 🟢

• Net Profit: ₹437 Cr vs ₹371 Cr estimated (+18% beat) 🟢

• EPS: ₹8.17 vs ₹6.84 estimated (+20% beat) 🟢