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Sonata Software Ltd. 13 Nov 2025 18:20 PM

Q2FY26 Quarterly Result Announced for Sonata Software Ltd.

IT Consulting & Software company Sonata Software announced Q2FY26 results

  • Revenue for Q2FY26 stood at Rs 2,119.3 crore, a decline of 28.5% QoQ.
  • EBITDA (before other income and forex) for Q2FY26 stood at 8.1%, 280 bps accretion QoQ.
  • PAT for Q2FY26 stood at Rs 120.2 crore, growth of 10.0% QoQ.
  • Cash and cash equivalents (gross) stood at Rs 323 crore.
  • Cash and cash equivalents (net) stood at negative Rs 280 crore.
  • ROCE stood at 22.1% in Q2FY26, compared to 18.5% in Q1FY26.
  • RONW stood at 27.1% in Q2FY26, compared to 24.0% in Q1FY26.
  • The Company has declared its second interim dividend for the financial year at Rs 1.25 per share. This is in line with the commitment made during the previous earnings call to implement a quarterly interim dividend payout policy starting this year.

Samir Dhir, MD & CEO of Sonata Software, said: “International IT Services reported steady progress during the quarter, consolidated PAT improving by 10% QoQ. The business secured a large deal in the healthcare vertical with a leading provider, reaffirming our focus on driving growth through large deals and consistent execution. Our continued strategic investments in Artificial Intelligence are delivering results, with AI-led orders accounting for approximately 10% of the overall order book for the quarter. As clients accelerate AI-enabled modernization to enhance competitiveness, we remain confident in the company’s long-term growth trajectory.”

Sujit Mohanty, MD & CEO, Sonata Information Technology, said: “We continue to execute on our three-pillar strategy focused on driving growth in the Microsoft SMC sector, expanding our AI-led partnerships with ISVs, and securing large system integration deals. During the quarter, we added new clients across all three pillars, with particularly strong traction in the Microsoft SMC segment. Despite prevailing industry headwinds in certain sectors, our disciplined execution and focused investments continue to position us well for sustained growth.”

Result PDF

Telecom Services company Vodafone Idea announced Q2FY26 results

  • Revenue for the quarter stood at Rs 111.9 billion; YoY growth of 2.4%
  • Cash EBITDA for the quarter (pre-Ind AS 116) was Rs 22.5 billion
  • Customer ARPU (ex M2M) at Rs 180 vs Rs 166 in Q2FY25; YoY growth of 8.7%
  • 4G/5G subscriber base of 127.8 million (vs 125.9 million in Q2FY25)
  • 4G network coverage expanded to 84.4% of population
  • 4G data capacity increased by ~38% and 4G speeds increased by ~17% (vs Mar’24)
  • The debt from banks reduced to Rs 15.3 billion as on September 30, 2025
  • Capex for the quarter and for H1FY26 stood at Rs 17.5 billion and Rs 42.0 billion respectively.
  • As on September 30, 2025, the debt from banks was Rs 15.3 billion and the cash and bank balance stood at Rs 30.8 billion

Abhijit Kishore, CEO, Vodafone Idea, said “We continue to make steady progress towards our strategic intent of delivering superior customer experience. We expanded our 4G coverage to over 84% of population and completed the 5G rollout in all 17 circles where we hold 5G spectrum. The growth of ~21% in data volume reflects our ability to retain and engage customers through our differentiated prepaid and postpaid offerings. We are focused on increasing our 4G coverage to 90% population and expanding our 5G footprint in the geographies with growing 5G handset adoption. We remain engaged with lenders to secure debt financing to support our broader capex plans of Rs 500–550 billion. As we move forward, our investment journey to deliver superior customer experience continues.”

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY26 results

  • Consolidated GMV grew 30% to Rs 4,744 crore.
  • Revenue from Operations grew 25% YoY to Rs 2,346 crore in Q2FY26. This marks the 12th consecutive quarter of ~mid20s growth.
  • Gross Profit grew 28% YoY to Rs 1,054 crore in the quarter, highest gross margin in last 12 quarters.
  • EBITDA grew 53% YoY to Rs 159 crore.
  • EBITDA margins expanded to 6.8% in Q2FY26 vs 5.5% in Q2FY25, highest since IPO.
  • Net Profit for the period (PAT) was Rs 33 crore, up 154% YoY in Q2FY26.

Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, said: “Our performance this quarter reflects accelerated growth momentum across Nykaa, with each of our businesses contributing meaningfully to this trajectory. The Beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across Luxury and Korean Beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence. Through Nykaa Now, our rapid delivery model, we are able to deliver unparalleled convenience to consumers without compromising on assortment. Our House of Nykaa portfolio recorded an impressive 54% YoY GMV growth, driven by sustained momentum in our owned beauty brands, which continue to resonate deeply with consumers. The Fashion business delivered 37% YoY GMV growth, complemented by the introduction of globally trending brands this year such as GAP, Guess, and H&M, reinforcing our differentiated curation and growing appeal in premium fashion. Even our customer acquisition has accelerated, now with 49 million cumulative customer base across beauty & fashion. Strategically, this has been a pivotal quarter, one where our long-term growth pillars have translated into near-term acceleration, underscoring the strength and scalability of the Nykaa ecosystem.”

Result PDF

Internet Software & Services company One97 Communications announced Q2FY26 results

Financial Highlights:

  • Operating revenue grew by 24% YoY (up 27% YoY after excluding revenue from entertainment business in previous period) to Rs 2,061 crore, led by increase in subscription merchants, higher payments GMV, and growth in distribution of financial services
  • Contribution profit at Rs 1,207 crore (up 35% YoY), with a contribution margin of 59% (up 5 percentage points YoY), driven by improved net payment revenue, higher share of distribution of financial services revenue, and reduction in DLG expenses
  • EBITDA improved to Rs 142 crore (margin of 7%), on account of revenue growth and operating leverage
  • PAT improved to Rs 211 crore (before one-time charge for full impairment of Rs 190 crore loan to our JV, First Games Technology Pvt. Ltd). Reported PAT is at Rs 21 crore
  • Cash balance of Rs 13,068 crore, providing capital flexibility to expand business

Business Highlights:

  • Net payment revenue was up 28% YoY to Rs 594 crore, led by growth in high quality subscription merchants and increase in payment processing margins
  • Distribution of financial services revenue increased by 63% YoY to Rs 611 crore, driven by growth in merchant loan distribution
  • Consolidated leadership in merchant payments; merchant device subscriptions at 1.37 crore
  • Consistent gain in consumer market share over the past few months due to product improvement and addition of AI features

Result PDF

Telecom Services company Bharti Airtel announced Q2FY26 results

  • Overall customer base stands at ~624 million across 15 countries.
  • Total revenues at Rs 52,145 crore, up 25.7% YoY.
  • EBITDA at Rs 29,919 crore, up 35.9% YoY; EBITDA margin at 57.4%.
  • EBITDAaL at Rs 26,600 crore, up 42.0%YoY; EBITDAaL margin at 51.0%.
  • EBIT at Rs 16,669 crore, up 51.6% YoY; EBIT margin at 32.0%.
  • Net Income (before exceptional items) at Rs 6,792 crore.
  • Capex for the quarter at Rs 11,362 crore.

Gopal Vittal, Vice- Chairman & MD, said: We delivered another quarter of solid performance, achieving a consolidated revenue of Rs 52,145 crore growing 5.4% sequentially and underscoring the strength of our portfolio. Our India revenue, including Passive Infrastructure Services, increased by 2.9%. Africa delivered another quarter of standout performance with constant currency revenue growth of 7.1%.

India Mobile business delivered 2.6% revenue growth, adding 5.1 million smartphone customers, maintaining an industry-leading ARPU of ?256 led by continued premiumization of portfolio and a steadfast focus on quality customers. The Postpaid segment recorded one of the highest quarterly net additions of ~1 million.

Our Homes business sustained strong momentum with 951K net customer additions and sequential revenue growth of 8.5%. IPTV services continue to gain strong traction, driving our connected homes priority. Airtel Business reported strong results with 4.3% sequential revenue growth. We saw multiple deal wins across Connectivity, IOT and security business.

Our solid balance sheet is a reflection of disciplined capital allocation, continued deleveraging and sustained operational excellence.

Result PDF

Telecom Services company Bharti Hexacom announced Q2FY26 results

  • Bharti Hexacom reported quarterly revenues of Rs 2,317 crore, growing 10.5% YoY and 2.4% QoQ.
    • Mobile services revenues recorded growth of 9.6% YoY, driven by higher ARPU and smartphone customer additions.
    • Homes and Offices business saw strong revenue growth of 46.9% YoY with strong customer additions of 60K in Q2’26.
  • EBITDA at Rs 1,256 crore; EBITDA margin at 54.2%, improvement of 433 bps YoY.
  • EBITDAaL at Rs 1,098 crore with margin of 47.4%, up by 444 bps YoY.
  • EBIT at Rs 702 crore; EBIT margin stood at 30.3%, an increase of 597 bps YoY.
  • Net income (before exceptional items) at Rs 421 crore, up by 66.4%YoY.
  • Net Debt (excluding lease obligations) to EBITDAaL ratio (annualized) is at 0.64 times.
  • Operational data reflects strong business momentum and continued execution:
    • Smartphone data customers up by 1.6 million YoY & 0.2 million QoQ, 78% of overall mobile customer base o Mobile ARPU increased to Rs 251 in Q2’26 vs Rs 228 in Q2’25..
    • Mobile data usage increased by 27.0% YoY, with average consumption per customer reaching 30.7 GB per month.
  • Homes and Offices business delivered sustained growth, recording a net addition of 60K customers.

Result PDF

Internet Software & Services company Affle 3I announced Q2FY26 results

  • Revenue from Operations of Rs 646.7 crore, an increase of 19.1% YoY.
  • EBITDA at Rs 146.1 crore, an increase of 28.9% YoY.
  • PAT at Rs 110.5 crore, an increase of 20.1% YoY.

Anuj Khanna Sohum, Chairperson, MD & CEO of Affle said: “Q2 FY2026 marks another defining period of strong performance and intelligence-led growth in our 3i growth journey. We delivered our highest-ever quarterly Revenue, EBITDA, PAT and conversions, reaffirming the strength of our AI-powered Consumer Platform Stack and the success of our CPCU business.

We continue to take bold strides in advancing our intelligence roadmap by accelerating investments in Affle AI. We further enhanced our hyper-contextual creative engine and recently launched Niko, our specialized AI agentic capability designed to automate and drive greater app growth for marketers across the iOS ecosystem. These initiatives widen our competitive moat and augment the foundation of our Affle 3i vision, by embedding intelligence across our products, processes and operations.

As we progress into the second half of FY26, we are encouraged by the broad-based growth in both consumer and advertiser spends across India & International markets. With our robust innovation pipeline, expanding use cases and growing global penetration, we remain well-poised to capitalize on the emerging opportunities and deliver sustainable, profitable growth to all our stakeholders.”

Result PDF

IT Software Products company Intellect Design Arena announced Q2FY26 results

  • Total income for Q2 FY 26 stood at Rs 789 crore as against Rs 587 crore in Q2FY25 - grew 34% YoY.
  • EBITDA is Rs 184 crore as against Rs 110 crore in Q2FY25 - grew 68% YoY.
  • Profit After Tax is Rs 102 crore as against Rs 53 crore in Q2FY25 - grew 94% YoY.
  • Collections:
    • Collections for Q2FY26 are Rs 753 crore as against Rs 550 crore in Q2FY25.
    • Cash and Cash equivalents are Rs 927 crore as against Rs 755 crore in Q2FY25
  • Platform, License and AMC Revenue:
    • Platform revenue is Rs 137 crore as against Rs 46 crore in Q2FY25 - grew 200% YoY.
    • License revenue is Rs 144 crore as against Rs 85 crore in Q2FY25 - grew 69 % YoY.
    • AMC revenue is Rs 143 crore as against Rs 120 crore in Q2FY25 - grew 19% YoY.
    • License-linked revenue (License Platform AMC) is Rs 423 crore as against Rs 250 crore in Q2FY25 - grew 69% YoY.

Arun Jain, Chairman & Managing Director, Intellect Design Arena, said: “Q2 was a quarter of strong execution and platform synergy. Our 34% YoY growth to ?789 crore reflects how global institutions are embracing the combined power of eMACH.ai for composable transformation and Purple Fabric for governance-first Business Impact AI. With accuracy, traceability, and open architecture at the core, we are helping financial institutions modernise with lower risk and higher velocity. This performance validates our strategic investments and reinforces our confidence in a strong pipeline and future growth trajectory.”

Result PDF

IT Consulting & Software company MphasiS announced Q2FY26 results

  • Gross Revenue grew 5.3% QoQ and 11.4% YoY in Q2FY26 on a reported basis and grew 2.0% QoQ and 6.0% YoY in Constant Currency.
  • Direct revenue grew 5.5% QoQ and 13.4% YoY on a reported basis and grew 2.2% QoQ and 7.9% YoY in Constant Currency.
  • New TCV wins of USD 528 million in Direct, of which 87% is in new-gen services.
  • Reported operating margin at 15.3%.
  • Net profit grew 6.2% QoQ and grew 10.8% YoY to Rs 4,691 million in Q2FY26.
  • EPS grew 6.2% QoQ and 10.2% YoY to Rs 24.7.

Nitin Rakesh, Chief Executive Officer & Managing Director, Mphasis, said: “Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey. Another strong quarter of TCV wins of USD 528 million is a testimony to our AI first approach delivering business outcomes, across diverse industries.”

Result PDF

Internet & Catalogue Retail company Swiggy announced Q2FY26 results

Financial Highlights:

  • Food delivery GOV grew 18.8% YoY; Adjusted EBITDA up 2.1x YoY to Rs 240 crore
  • Swiggy Platform Gross Order Value rose ~48% YoY to clock Rs 16,683 crore
  • Consolidated Adjusted EBITDA loss improved by Rs 118 crore QoQ, to a loss of Rs 695 crore
  • Instamart GOV growth rose to 108% YoY and 24% QoQ led by a 40% YoY jump on AOV, Contribution margins improved by ~200 bps QoQ to -2.6%, while Adjusted EBITDA loss shrunk to Rs 849 crore
  • Out of Home Consumption segment continued profitable trajectory with 52% YoY GOV growth, and Adjusted EBITDA margins stood at 0.5% of GOV
  • Platform’s Average MTU increased 34% YoY to reach 22.9 million; with 36% of all users utilizing more than one service on the platform
  • Overall, Quick Commerce posted a Rs 849 crore loss for the quarter, and Adjusted EBITDA margin improved to -12.1% from -15.8% in Q1.

Sriharsha Majety, MD & Group CEO, Swiggy, said “Swiggy’s Food delivery business delivered another quarter of robust growth and improved profitability, with the double digit YoY order growth at the highest in 2 years. This was led by acceleration in user-growth on the back of new propositions like Bolt, 99-Store, Deskeats and Health-focused curations; all aimed at covering the entire breadth of user expectations. Instamart made giant strides in catering to all purchase-missions through Maxxsaver (grocery) and Quick India movement (non-grocery), driving up AOV 40% YoY. A ~200 bps QoQ Contribution margin improvement showcases our commitment to drive scale-led, sustainable and profitable growth in Quick-commerce, led by best-in-class speed and selection."

Result PDF

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