The shares of IIFL Finance jumped nearly 5 percent to hit a fresh record high on November 3 as positive brokerage note following the firm's Q2 results boosted investor sentiment. Arvind Fashions and Wockhardt shares also recorded sharp gains on Monday.
IIFL Finance shares hit a new 52-week high of Rs 559.75 apiece. Arvind Fashions shares rose nearly 10 percent to trade at Rs 550.9 apiece, while Wockhardt shares jumped around 11 percent to Rs 1,433.80 apiece.
IIFL Finance Q2 Results:
IIFL Finance on October 30 reported a net profit of Rs 376 crore for the July-September quarter of the financial year 2026. This comes against a net loss of Rs 158 crore in the corresponding quarter of the previous financial year.
The firm’s revenue from operations meanwhile rose over 29 percent year-on-year (YoY) to Rs 3,305 crore during the quarter under review. It had earlier reported revenue from operations at Rs 2,556 crore for the same period last year.
Motilal Oswal kept a ‘Buy’ rating on the stock, with a target price of Rs 635 apiece. This implies an upside potential of nearly 19 percent from the stock’s previous closing price. The domestic brokerage said that the firm’s earnings beat estimates with off-book gaining traction and strong gold loan growth.
“IIFL reported an operationally mixed quarter, with strong momentum in the gold loan segment supported by robust demand and higher gold prices, while growth in other segments remained subdued. The company exhibited asset quality pressures in its micro-LAP, unsecured business loan, and MFI portfolio, resulting in credit costs continuing to remain elevated. However, it expects an improvement in housing segment growth and a moderation in credit costs in H2, aided by strengthened collection architecture and ongoing recovery efforts,” it added.
Arvind Fashions Q2 Results:
Arvind Fashions today reported a consolidated net profit of Rs 37.5 crore for Q2 FY26. This marks a 27 percent YoY rise from the Rs 29.6 crore net profit reported in Q2 FY25. The firm’s revenue from operations meanwhile rose 11 percent YoY to Rs 1,417 crore.
The company that sells apparel under the brands Arrow, US Polo Assn, Tommy Hilfigher, Calvin Klein and more in India, said that its EBITDA meanwhile rose to Rs 200 crore.
“In Q2 FY26, we sustained our strong growth trajectory with an 11.3% increase in revenue. The recent GST reforms are expected to further boost consumer confidence and spending. As we move forward, we remain focused on investing in our marquee brands and strengthening consumer connections through our direct channel strategy, while accelerating retail expansion, driving premiumisation and scaling adjacent categories – further, strengthening our portfolio and creating long – term value for our shareholders,” said Amisha Jain, MD & CEO of Arvind Fashions.
Wockhardt Q2 Results:
The shares of Wockhardt jumped more than 11 percent on November 3 after the company reported a consolidated net profit of Rs 78 crore for the second quarter of the financial year 2026. This comes against a net loss of Rs 22 crore in Q2 FY25, and Rs 90 crore in Q1 FY26.
The firm’s revenue from operations meanwhile fell over 3 percent YoY to Rs 782 crore during the July-September quarter of the financial year 2026, from Rs 809 crore in the corresponding quarter of the previous financial year.
Also read: Our LIVE blog on Q2 updates
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