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Eight Indian Companies Return to Profit, but Results Vary Widely

The Economic Times cited a StockEdge screen for its eight-company Nifty 500 list. Company filings show an exceptional disposal gain at Aditya Birla Real Estate and a ₹1.26 crore profit at Ather Energy.

Updated 2 min read
Commuters cross the forecourt at Exchange Plaza in Mumbai’s Bandra Kurla Complex. / EconoTimes.ai
Commuters cross the forecourt at Exchange Plaza in Mumbai’s Bandra Kurla Complex. / EconoTimes.ai

Eight Indian companies returned to quarterly profit in the September quarter, with results ranging from Ather Energy’s ₹1.26 crore gain to Aditya Birla Real Estate’s exceptional disposal gain.

The Economic Times reported that a StockEdge profitability scan identified the companies in the Nifty 500. Its list included Aditya Birla Real Estate, Ramkrishna Forgings, IndusInd Bank, Bharat Coking Coal, Tata Motors, Delhivery, Piramal Pharma and Ather Energy. Their results cover the three months ended Sept. 30, 2026, and compare with the same quarter in 2025.

Aditya Birla Real Estate reported total consolidated net profit of ₹918.70 crore, including ₹60.20 crore attributable to non-controlling interests. Its filing lists an exceptional ₹868.12 crore gain from the disposal of its pulp and paper business. Profit attributable to owners was ₹858.50 crore, compared with a ₹15.74 crore loss a year earlier; continuing operations generated ₹143.31 crore, versus a ₹73.10 crore loss.

IndusInd Bank reported consolidated net profit of ₹1,242 crore after a ₹437 crore loss in the year-earlier quarter. Provisions and contingencies, excluding tax, fell to ₹1,223 crore from ₹2,631 crore. Tata Motors reported total consolidated net profit of ₹1,254 crore; ₹1,257 crore was attributable to shareholders. The company had reported a consolidated loss of ₹867 crore a year earlier.

Ramkrishna Forgings posted ₹70.59 crore in profit, compared with a ₹9.50 crore loss, while revenue from operations rose to ₹1,405.42 crore from ₹907.53 crore. Bharat Coking Coal earned ₹123.74 crore after a ₹52.99 crore loss; revenue increased to ₹4,412.58 crore from ₹3,173.25 crore. Delhivery reported ₹40.64 crore in profit, against a ₹50.49 crore loss, and revenue climbed to ₹3,066.38 crore from ₹2,559.32 crore.

Piramal Pharma reported consolidated profit after tax of ₹5 crore, compared with a ₹99 crore loss. Revenue rose 28% to ₹2,617 crore and EBITDA increased 72% to ₹385 crore. Ather Energy’s ₹1.26 crore profit followed a ₹154 crore loss; volume grew 42% to 93,211 units and EBITDA was ₹74.2 crore. Ather Energy Co-founder and CEO Tarun Mehta said the quarter’s positive result came amid supply interruptions and rising commodity prices; the company also cited volume, pricing and product mix.

Ather plans to add 225,000 units of annual production capacity, with total installed capacity expected to reach about 1.14 million units by Q2 FY28. Piramal Pharma said it expects FY27 revenue growth of 19% to 20%.

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