1 hour ago
Larsen & Toubro, M&M Fin, Lodha Developers, SBI Card, Phoenix Mills, Balkrishna Industries, Garden Reach, NSDL, Birlasoft posted mixed December quarter results with varied profit and revenue trends. Here are few stocks to track ahead of Thursday's trading session.
By Megha Rani January 28, 2026, 7:42:29 PM IST (Published)
1 / 9
Larsen & Toubro | L&T reported a mixed set of numbers for the December quarter, with net profit at ₹3,215 crore, lower than the CNBC-TV18 poll estimate of ₹4,380 crore and down 4.3% year-on-year from ₹3,359 crore. Revenue rose 10.5% YoY to ₹71,449 crore, though it fell short of the Street expectation of ₹73,691 crore. EBITDA grew 18.6% to ₹7,416 crore, beating the poll estimate of ₹7,329 crore, while operating margin improved to 10.4% versus 9.67% a year ago and 9.95% expected. The company also reported a labour code impact of ₹1,344 crore during the quarter.
2 / 9
Mahindra & Mahindra Financial Services | M&M Fin reported a mixed performance for the December quarter, with net profit at ₹810.4 crore, above the CNBC-TV18 poll estimate of ₹728 crore, though down 9.9% year-on-year from ₹899.5 crore. Net interest income (NII) rose a healthy 20.6% YoY to ₹2,304 crore from ₹1,911 crore, but came in below the Street estimate of ₹2,425 crore.
3 / 9
Lodha Developers | Realty major reported a marginal 1.3% year-on-year increase in net profit at ₹956.9 crore for the December quarter, compared with ₹944.4 crore in the year-ago period, even as revenue rose 14.4% to ₹4,672 crore from ₹4,083 crore a year earlier. EBITDA for the quarter grew 8.4% YoY to ₹1,415 crore versus ₹1,305 crore, while operating margin softened to 30.3% from 32% in the corresponding period last year.
4 / 9
SBI Cards and Payment Services | SBI Cards reported a strong performance for the December quarter, with consolidated net profit rising 45.3% year-on-year to ₹556.6 crore from ₹383.2 crore, while revenue increased 11% to ₹5,127.3 crore. Finance costs declined 5% to ₹785 crore, even as total operating expenses rose 23% to ₹2,597 crore, reflecting higher business activity. Earnings before credit costs grew 8% to ₹1,971 crore during the quarter. Spending momentum remained robust, with total spends surging 33% YoY to ₹1.15 lakh crore, receivables increasing 4% to ₹57,213 crore, cards-in-force rising 8% to 2.18 crore, and new account additions of 8.64 lakh during the quarter.
5 / 9
Phoenix Mills | The company reported a healthy performance in the December quarter, with net profit rising 4.2% year-on-year to ₹275.8 crore from ₹264.7 crore in the same period last year. Revenue grew 15% to ₹1,121 crore compared with ₹975 crore a year ago, while EBITDA increased 18.6% to ₹655.8 crore from ₹552.9 crore. Operating margin improved to 58.5% from 56.7% in the year-ago quarter, reflecting better operating efficiency.
6 / 9
Balkrishna Industries | The tyre manufacturer reported a mixed performance for the December quarter, with net profit declining 15% year-on-year to ₹382.15 crore from ₹449.48 crore in the same period last year, even as revenue rose 6.9% to ₹2,736.8 crore compared with ₹2,560.3 crore a year ago. EBITDA increased 7.1% to ₹643.04 crore from ₹600.7 crore, while operating margin remained steady at 23.5% year-on-year.
7 / 9
Garden Reach Shipbuilders & Engineers | The company reported a strong performance for the December quarter, with net profit surging 73.9% year-on-year to ₹170.7 crore from ₹98.2 crore. Revenue jumped 49% to ₹1,895 crore compared with ₹1,271 crore a year ago, while EBITDA more than doubled to ₹172.1 crore from ₹75.3 crore. Operating margin improved to 9% from 5.9% in the year-ago period, reflecting better execution and operating leverage.
8 / 9
NSDL | The company reported a mixed performance for the December quarter, with net profit rising 4.4% year-on-year to ₹89.6 crore from ₹85.8 crore, even as revenue slipped marginally by 0.8% to ₹359.6 crore compared with ₹362.5 crore a year ago. EBITDA grew a strong 18.5% to ₹107.4 crore from ₹90.6 crore, leading to an improvement in operating margin to 29.9% from 25% in the year-ago period.
9 / 9
Birlasoft | The company reported a mixed performance for the December quarter, with net profit rising 2.5% year-on-year to ₹119.8 crore from ₹116.9 crore, while revenue declined 1.1% to ₹1,347.5 crore compared with ₹1,362.7 crore a year ago. EBIT surged 58.2% to ₹225.1 crore from ₹142.3 crore, driving a sharp improvement in operating margin to 16.7% from 10.4% in the year-ago period.
