Synopsis: A number of firms shocked the Road in Q2FY26 with dramatic turnarounds, reversing losses into robust earnings. Do you personal any?
After a blended earnings season, just a few firms stood out by staging exceptional monetary recoveries within the September quarter. Regardless of sectoral challenges and a cautious market tone, these corporations witnessed robust sequential rebounds in income and profitability, signaling bettering fundamentals and operational effectivity. Listed here are the shares that delivered a transparent constructive turnaround in Q2FY26 and deserve investor consideration.

Fast Heal Applied sciences Restricted is a cybersecurity options supplier providing antivirus, endpoint safety, and enterprise safety providers beneath the manufacturers ‘Fast Heal’ and ‘Seqrite’. The corporate serves particular person, enterprise, and authorities purchasers throughout India and overseas. As of October 31, 2025, the inventory closed at Rs. 317.80, with a market capitalisation of Rs. 1,721.15 crore.


In Q2FY26, the corporate’s gross sales rose 45.9 % to Rs. 83.52 crore from Rs. 57.23 crore in Q1FY26. Working revenue turned constructive to Rs. 9.23 crore from a lack of Rs. 9.73 crore, whereas the working revenue margin improved sharply from -17 % to 11.05 %. Revenue earlier than tax stood at Rs. 10.28 crore in comparison with a lack of Rs. 7 crore within the earlier quarter. Internet revenue reversed to Rs. 7.91 crore from a lack of Rs. 5.51 crore, with earnings per share rising to Rs. 1.46 from a loss per share of Rs. 1.02 throughout the identical interval.
PVR Inox Restricted, India’s largest movie exhibition firm, operates 1,757 screens throughout 353 properties in 111 cities, together with Sri Lanka. Born from the merger of two iconic cinema chains, the corporate has redefined out-of-home leisure via revolutionary codecs, premium applied sciences, and various meals choices. As of October 31, 2025, the inventory closed at Rs. 1,207.35 with a market capitalisation of Rs. 11,856.17 crore.
Sequentially, income grew 24.1 % to Rs. 1,823 crore in Q2FY26 from Rs. 1,469 crore in Q1FY26. Working revenue expanded 54.2 % to Rs. 612 crore from Rs. 397 crore, and OPM improved from 27 % to 34 %. The corporate swung to a revenue earlier than tax of Rs. 142 crore from a lack of Rs. 70 crore. Internet revenue turned constructive at Rs. 106 crore versus a lack of Rs. 54 crore 1 / 4 earlier, whereas EPS rose to Rs. 10.76 from a loss per share of Rs. 5.50.
Mangalore Refinery and Petrochemicals Restricted, a subsidiary of ONGC, refines and markets petroleum merchandise comparable to bitumen, diesel, motor gasoline, pet coke, and polypropylene. The corporate’s product basket caters to industrial in addition to retail markets throughout India. As of October 31, 2025, MRPL shares closed at Rs. 166.45, with a market capitalisation of Rs. 29,172.01 crore.
In Q2FY26, income rose 30.5 % to Rs. 22,649 crore from Rs. 17,356 crore in Q1FY26. Working revenue jumped 726 % to Rs. 1,489 crore from Rs. 180 crore, with the working margin rising from 1 % to 7 %. The corporate circled with a Revenue earlier than tax of Rs. 963 crore towards a lack of Rs. 402 crore within the earlier quarter. Internet revenue additionally swung to Rs. 627 crore from a lack of Rs. 271 crore, whereas EPS rose to Rs. 3.58 from a loss per share of Rs. 1.54.
HFCL Restricted (Himachal Futuristic Communications Restricted) is a worldwide telecom and expertise participant engaged in constructing superior connectivity infrastructure. Its operations span system integration, telecom tools manufacturing, and manufacturing of optical fiber and cables catering to each home and worldwide markets. As of October 29, 2025, the inventory closed at Rs. 77.19 with a market capitalisation of Rs. 11,135.99 crore.
For Q2FY26, HFCL’s income grew 19.8 % to Rs. 1,043 crore from Rs. 871 crore in Q1FY26. Working revenue surged 578.6 % to Rs. 190 crore from Rs. 28 crore, with the working margin rising from 3 % to 18 %. The corporate swung to a revenue earlier than tax of Rs. 106 crore from a lack of Rs. 45 crore. Internet revenue circled to Rs. 72 crore from a lack of Rs. 29 crore, whereas EPS improved to Rs. 0.47 from a loss per share of Rs. 0.22.
Chennai Petroleum Company Restricted, a Authorities of India enterprise and subsidiary of Indian Oil Company, is engaged in refining crude oil and producing a variety of gas and petrochemical merchandise. Established in 1965, the corporate operates a wax plant and provides specialty and industrial merchandise to various sectors. As of October 31, 2025, the inventory closed at Rs. 73.52 with a market capitalisation of Rs. 10,606.53 crore.
In Q2FY26, CPCL’s income elevated 10.2 % to Rs. 16,327 crore from Rs. 14,812 crore in Q1FY26. Working revenue jumped 1,056 % to Rs. 1,144 crore from Rs. 99 crore, with margins rising sharply from 1 % to 7 %. The corporate posted a Revenue earlier than tax of Rs. 982 crore in comparison with a lack of Rs. 64 crore within the earlier quarter. Internet revenue turned constructive at Rs. 719 crore towards a lack of Rs. 40 crore, whereas EPS stood at Rs. 48.30 in comparison with a loss per share of Rs. 2.69 in Q1FY26.
-Manan Gangwar
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