HCL Technologies Ltd.HCLTECH₹1,506.00 +0.76%

Revenue ₹31,942 crores 🔼 11%

PAT ₹4,235 crores (remained flat)

HCL Technologies Ltd.‘s Q2 FY26 was marked by strong strategic wins and growth in cutting-edge areas, despite facing some financial pressures. The company saw a massive increase in new deal wins (TCV), showing clients’ high trust and signaling strong future revenue. 

A major highlight was Advanced AI revenue crossing $100 million, confirming HCLTech’s successful shift into high-growth, next-gen technologies. The core IT Services business remained solid, growing 5.5% year-on-year, backed by major expansions with companies like Kraft Heinz and Ericsson. 

However, the quarter wasn’t without setbacks. Profitability was immediately affected by a one-time restructuring cost, which reduced the EBIT margin. This cost, combined with other factors, caused the company’s net profit (Net Income) to be flat compared to the same quarter last year, despite rising revenues. The HCLSoftware product business also struggled, with its revenue declining 3.7% year-on-year, becoming a drag on the overall growth rate. Due to these internal and external factors, HCLTech issued a cautious revenue growth forecast of 3.0% to 5.0% for the full fiscal year.

Anand Rathi Wealth Ltd.ANANDRATHI₹3,169.00 +7.98%

Revenue from Operations ₹250 crores 🔼 23%

PAT ₹76 crores 🔼 31%

Anand Rathi Wealth Ltd. reported a strong Q2FY26. The company’s Assets Under Management (AUM) grew 22% year-on-year to over ₹91,568 Crores. This AUM growth was fueled by high Net Inflows, which rose by 20% to ₹6,827 Crores. A key sign of client trust is the massive 101% jump in Equity Mutual Fund Net Inflows during the quarter (Q2). Furthermore, client relationships are stable, with client attrition remaining low at just 0.18%. The company also reported an excellent Return on Equity (ROE) of 45% (annualized), highlighting very efficient use of capital.

Just Dial Ltd.JUSTDIAL₹818.55 -4.92%

Revenue ₹303 crores 🔼 6%

PAT ₹119 crores 🔻 23%

Just Dial Ltd.‘s Q2 FY26 results show a stable but deliberate focus on foundational business health, even as the company manages major swings in its overall profit figures. The core operating business performed well, Operating PBT, grew by 8.5% year-on-year. This operational strength was built on a significant expansion of its supply side, with Total Active Listings increasing by 10.8% and Geocoded Listings growing by 16.4%. 

Furthermore, the company successfully grew its customer base, with Active Paid Campaigns rising by 4.3%. All these metrics point to successful execution on the ground and healthy growth in the company’s marketplace, validating its focus on strengthening technology and talent.

However, two major areas acted as a drag on the overall financial picture. The most critical issue was the sharp decline in Other Income, which fell by 35.5% year-on-year. This reduction was significant because Just Dial holds a massive treasury balance; a decrease in bond yields hurt the income earned from its cash and investments. This factor, combined with a normalization of the Effective Tax Rate (ETR), led to a substantial 22.5% year-on-year drop in Net Profit.

On the user side, the growth was flat: Total Unique Visitors remained almost unchanged, declining by 0.2% year-on-year, suggesting the company is struggling to significantly expand its user base despite strong listing growth.

Note: The stock price mentioned is as of 1:40 pm.