Stocks to Watch Today (November 11, 2025): Bajaj Finanace, Vodafone Idea, RVNL, Ather Energy, Tata Power, IRB Infra and more

Stocks to Watch Today (November 11, 2025): Indian markets will track quarterly results, board meetings, and corporate developments across several key companies today. Bajaj Finance, Vodafone Idea, KEC International, and others announced their September quarter earnings, while updates from Oil India, BPCL, and Britannia also remain in focus.

Bajaj Finance reported mixed Q2FY25 results. Consolidated net interest income rose 22 per cent YoY to Rs 10,785 crore (estimate: Rs 10,753 crore), while PAT grew 23 per cent YoY to Rs 4,948 crore (estimate: Rs 4,888 crore).
Gross NPA stood at 1.24 per cent vs 1.03 per cent QoQ; Net NPA at 0.60 per cent vs 0.50 per cent. AUM rose 24 per cent YoY to Rs 4.62 lakh crore.

Credit cost remained elevated in MSME and 2–3 wheeler loans. The company reduced MSME unsecured exposure by 25 per cent but maintained a positive demand outlook supported by GST cut and festive demand.

Vodafone Idea

Vodafone Idea posted improved Q2FY26 results. Revenue rose 1.6 per cent QoQ to Rs 11,195 crore (above estimates), while loss narrowed to Rs 5,524 crore from Rs 6,608 crore.

ARPU stood at Rs 180 vs Rs 166 YoY, up 8.4 per cent. The 4G/5G subscriber base reached 127.8 million.

The company expanded 4G coverage to 84.4 per cent of the population and added over 1,500 new towers. Bank debt reduced to Rs 15.3 billion as of September 2025, and debt financing discussions continue for its Rs 500–550 billion capex plan.

Sula Vineyards reported poor results for Q2FY26. Revenue declined 0.7 per cent YoY to Rs 140 crore, EBITDA fell 24 per cent to Rs 25 crore, and PAT dropped 57 per cent to Rs 6 crore.

Triveni Turbine posted a marginal 1 per cent rise in revenue to Rs 506 crore and stable PAT at Rs 91 crore YoY. EBITDA improved 3 per cent to Rs 114 crore, with margins slightly higher at 22.6 per cent.

Bajaj Consumer Care delivered a solid Q2FY26 performance. Revenue rose 7 per cent YoY to Rs 245 crore, EBITDA surged 42 per cent to Rs 48 crore, and PAT increased 30 per cent to Rs 43 crore. Margins expanded to 19.8 per cent vs 14.9 per cent last year.

Balaji Amines reported a 1.7 per cent YoY decline in revenue to Rs 341 crore and a 15 per cent drop in PAT to Rs 35 crore. EBITDA remained flat at Rs 60 crore with unchanged margins at 17.6 per cent.

Camlin Fine Sciences posted revenue growth of 10.3 per cent to Rs 460 crore but reported a Rs 6 crore loss compared to a Rs 42 crore profit last year. Margins fell to 7.4 per cent from 10.6 per cent.

Ather Energy’s Q2FY26 revenue surged 54 per cent YoY to Rs 899 crore, while loss narrowed to Rs 154 crore from Rs 197 crore.
The start of commercial operations at its Chhatrapati Sambhajinagar plant has been delayed from July 2026 to October 2026.

KEC International posted a robust Q2FY25 performance with revenue up 19 per cent YoY to Rs 6,091 crore and PAT up 88 per cent to Rs 160 crore. Margins improved to 7 per cent from 6 per cent.

CE Infosystems reported a 9 per cent YoY rise in revenue to Rs 113 crore but a 39 per cent decline in PAT to Rs 18.5 crore. Margins contracted to 25 per cent from 36 per cent.

Bazaar Style Retail delivered strong growth. Revenue rose 72 per cent YoY to Rs 532 crore and PAT turned positive at Rs 51 crore from a Rs 9 crore loss. EBITDA more than doubled to Rs 69 crore.

Seamec Ltd reported revenue up 12 per cent YoY to Rs 97 crore but slipped to a Rs 26 crore loss from a Rs 0.16 crore profit due to higher depreciation and costs. EBITDA declined 48 per cent to Rs 8 crore.

Revenue grew 2.9 per cent YoY to Rs 365 crore, while PAT jumped 162 per cent to Rs 34.7 crore. Margins expanded to 14.1 per cent from 9.8 per cent.

Vikran Engineering posted strong Q2FY26 numbers with PAT up 339 per cent YoY to Rs 9.1 crore. Revenue grew 10.7 per cent to Rs 176 crore, and margins rose sharply to 14.4 per cent.

Power Mech Projects reported revenue growth of 19.5 per cent to Rs 1,238 crore, while PAT increased 11.8 per cent to Rs 74.9 crore. Margins remained stable at 11.9 per cent.

IRB Infra reported 9 per cent YoY growth in October toll collections to Rs 682 crore vs Rs 624 crore.

Glenmark Specialty S.A received NMPA approval in China for its Ryaltris nasal spray, used to treat allergic rhinitis in adults and children.

RVNL received a Rs 144 crore order from South Central Railway for upgrading a 1x25kV system to 2x25kV. The project must be completed within 18 months.

Varun Berry has resigned as Vice-Chairman, MD and CEO of Britannia Industries. Rakshit Hargave will take over from December 15. CFO N. Venkataraman will handle additional responsibilities in the interim.

Force majeure on the Mozambique LNG project has been lifted. Construction will resume as security in the region has improved. Both Oil India and BPCL hold stakes in this project.

The company received an enhanced EPC order linked to a 980 MWp solar power project. Order value increased by Rs 27.22 crore to Rs 1,017.82 crore.

Subsidiary PFCCL created a new SPV named Alibag Power Transmission Limited for a 765/400/220 kV AIS Dolvi transmission project in Raigad, Maharashtra.

A B Infrabuild won a Rs 100 crore order from Central Railway for platform construction work, to be completed within 18 months.

Easter Industries, through its JV with Loop Industries, will supply sustainable materials to Nike under a new agreement.

Key companies announcing results today include Bajaj Finserv, Bharat Forge, Biocon, Bosch, Concor, Max Financial, RVNL, Tata Power, Fortis Healthcare, PI Industries, and Torrent Power.