Earnings Snapshot: UltraTech Cement. Eternal, IDBI Bank, Havells India, Oberoi Realty
- Share.Market
- 5 min read
- Published at : 22 Jul 2025 11:24 AM
- Modified at : 22 Jul 2025 11:24 AM
Net Sales ₹21,040 crores 🔼 13%
PAT ₹2,226 crores 🔼 49%
UltraTech Cement Ltd. reported strong volume growth during the quarter, with consolidated sales volumes rising 9.7% year-on-year. This was primarily driven by the addition of volumes from the recently acquired India Cements and Kesoram assets, which contributed significantly to overall growth.
Energy costs declined by 12% compared to last year, as lower fuel prices helped reduce input costs. This supported operating profitability and helped offset the impact of marginally higher raw material costs during the quarter.
The India Cements acquisition showed early signs of turnaround. Operational improvements at these assets resulted in ₹92 crore EBITDA during the quarter, compared to a loss in the previous year. This contributed positively to UltraTech’s consolidated performance.
ETERNALRevenue from Operations ₹7,167 crores 🔼 70%
PAT 25 crores 🔻 90%
Eternal Ltd. reported strong overall growth in Q1FY26, driven by the continued momentum in its quick commerce business. Net order value (NOV) in this segment grew 127% year-on-year to ₹9,203 crore, supported by the addition of 243 new stores and a sharp rise in monthly transacting customers.
This led to quick commerce overtaking food delivery NOV for the first time. The expansion of the store network and warehousing infrastructure contributed to scale benefits, helping quick commerce become the company’s largest B2C business.
Profitability in quick commerce improved during the quarter. This improvement was achieved despite continued investments in network expansion and seasonal factors like adverse weather conditions, which typically impact margins in the first quarter.
At the consolidated level, adjusted EBITDA declined 42% year-on-year to ₹172 crore, largely due to continued investments in the quick commerce and dining-out businesses. This was partly offset by the improved profitability in the food delivery segment, helping cushion the overall impact.
IDBINet Interest Income ₹3,166 crores 🔻 2%
PAT ₹2,007 crores 🔼 17%
IDBI Bank Ltd. reported a stable operational performance in Q1FY26, with net advances growing 9% year-on-year to ₹2,11,907 crore, supported by balanced growth across corporate and retail segments. Total deposits grew by 7% year-on-year to ₹2,96,868 crore.
The bank’s profitability performance was supported by controlled credit costs and operating efficiencies. Return on Assets improved to 2.01%, while Return on Equity stood at 17.91%, reflecting healthy returns for the quarter. Operating profit rose 13% year-on-year, driven by stable core operating performance, despite pressure on net interest margins, which declined to 3.68% from 4.18% last year due to rising funding costs.
HAVELLSNet Revenue ₹5,438 crores 🔻 6%
PAT ₹352 crores 🔻 14%
Havells India Ltd. reported a weak performance during the quarter, primarily due to an unusually tepid summer season. This contrasted sharply with the strong seasonal demand seen last year. The extended unseasonal rains and shorter summer further impacted demand across key categories like fans and air coolers in the electrical consumer durables segment.
Consumer demand remained subdued during the quarter, particularly in residential segments, while industrial and infrastructure-related demand continued to show steady growth. This trend supported volume growth in the cables and wires business, which benefited from recent capacity expansions and sustained demand from industrial and infra sectors.
In the lighting segment, revenue declined due to approximately 10% year-on-year price deflation in LED products.
On the profitability front, contribution margins were impacted by the under-absorption of manufacturing costs due to lower production volumes. However, the company’s continued focus on cost discipline helped contain overall expense growth, limiting the impact of the revenue decline on net profitability.
OBEROIRLTYNet Revenue ₹5,438 crores 🔻 6%
PAT ₹352 crores 🔻 14%
Oberoi Realty Ltd. reported a softer quarter, with performance impacted by lower project activity compared to the previous quarter. The company attributed its sales momentum during the period to the successful launch of a new tower at its Elysian project in Oberoi Garden City, Goregaon, which contributed to overall demand in the luxury housing segment.
The company is preparing for new project launches over the coming quarters to capture this demand, while also pursuing land acquisitions that will support long-term growth.
Note: The stock prices mentioned are as of 11:20 AM.
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