Company Results

India’s road infrastructure sector recorded a strong performance as IRB Infrastructure Developers Limited reported a 22 percent year-on-year increase in toll revenue for February 2026. The company’s total toll collection reached Rs. 746 crore, compared with Rs. 614 crore in the same month last year. The growth reflects rising traffic volumes, expanding highway networks and contributions from newly operational toll assets. Revenue generated through infrastructure investment trusts also supported the increase.

Proptech firm Square Yards reported a sharp 47% year-on-year increase in revenue for the third quarter, with topline figures reaching Rs 526 crore. The growth reflects strong housing demand, improved transaction velocity and expanding ancillary services, including mortgage facilitation and property management. The company’s diversified operating model and digital-first platform strategy appear to be driving scale efficiencies and margin expansion.

TVS Motor Company reported a robust performance in February 2026, posting total sales of 5,29,308 units, a 31% increase over 4,03,976 units a year earlier. The growth was broad-based across domestic and international markets, with exports reaching a record 1,58,268 units. Two-wheeler volumes rose nearly 30% year on year, while three-wheeler sales surged 77%. Electric mobility remained a standout contributor, with iQube sales climbing 60%.

Kia India has achieved its strongest February performance since entering the Indian market, dispatching 27,610 units in February 2026. The figure represents a 10.3% year-on-year increase over the 25,026 units sold in February 2025, underscoring resilient consumer demand despite evolving market dynamics. On a month-on-month basis, sales remained largely stable compared with 27,603 units in January 2026, signaling consistent momentum at the start of the calendar year.

GMR Airports reported a decline in its third-quarter net profit to Rs. 174 crore, reflecting mounting operational costs and a moderation in passenger traffic growth. While the airport infrastructure operator continues to benefit from structural recovery in aviation demand, higher finance expenses and elevated input costs weighed on bottom-line performance. Revenue trends remained resilient, supported by non-aeronautical streams such as retail, duty-free and cargo operations.

Fortis Healthcare posted a 22% year-on-year decline in consolidated net profit for the third quarter, with earnings falling to Rs 197 crore. The earnings compression reflects a combination of elevated operating expenses, strategic investments in capacity expansion and margin normalization across certain specialties. While revenue growth remained resilient, profitability was weighed down by higher input costs and integration expenses linked to network scaling.

Indraprastha Gas Ltd. (IGL) reported a 25 percent year-on-year increase in net profit for the third quarter, driven by improved operating margins and steady sales growth across key segments. Higher compressed natural gas (CNG) volumes, expanding piped natural gas (PNG) penetration and disciplined cost management contributed to the earnings acceleration. Despite volatility in global gas benchmarks, the company maintained pricing stability and operational efficiency.

Petronet LNG posted a 5 percent increase in net profit for the third quarter, supported by higher capacity utilization at its liquefied natural gas (LNG) terminals and steady operational performance. The company benefited from improved throughput volumes and stable demand from core industrial and power sector customers. Enhanced terminal efficiency and disciplined cost management helped offset global energy market volatility.

Honasa Consumer reported a sharp acceleration in third-quarter earnings, with net profit more than doubling year over year, supported by sustained revenue growth and improving operating efficiencies. The company’s topline expansion reflects resilient demand across its digital-first beauty and personal care portfolio, while disciplined cost management bolstered margins. Strong performance in core brands, enhanced distribution reach and calibrated marketing investments contributed to the earnings momentum.

SpiceJet posted a net loss of Rs. 269 crore in the third quarter, underscoring persistent financial headwinds confronting India’s aviation sector. The carrier, grappling with elevated operating costs, aircraft groundings and liquidity constraints, has initiated measures to monetize spare parts and non-core assets to improve cash flow. While revenue recovery remains uneven, management has emphasized cost rationalization and balance-sheet repair as immediate priorities.