Kwality Wall reports 44% revenue growth in Q2 FY27 despite net loss of 17 crore rupees

Dr Lal PathLabs, a major diagnostic operator based in Delhi, reported a 27.5% year-on-year growth in consolidated net profit for the September quarter (Q2) of the fiscal year 2026-27 (FY27). This growth was achieved through an increase in testing revenues.

The company's net profit in Q2 FY27 amounted to 194 crore rupees, which is higher than the 152 crore rupees recorded during the same period last year. The main driver of this growth was the increase in sample volumes, which rose by 13.6% year-on-year to reach 28.8 million.

Furthermore, patient coverage in the network increased by 9% year-on-year, reaching 9 million in September, compared to 8.2 million in the same period the previous year. Consequently, the network's revenue increased by 19.6% year-on-year, reaching 874 crore rupees compared to 731 crore rupees in Q2 FY26.

Shankha Banerjee, CEO of DLPL, noted that there is a growing demand for high-complexity testing and specialized analyses, supported by increased awareness among doctors and patients. Operationally, the EBITDA margin increased by 25%, reaching 280 crore rupees from 224 crore rupees, and the EBITDA margin improved to 32.1% from 30.7%.

He also added that the company's future focus will be on expanding access to advanced diagnostics by strengthening capabilities in areas such as genomics, oncology, reproductive health, transplant diagnostics, and rare diseases.

As of September 30, 2026, DLPL, the largest provider of diagnostic services in India, operates 312 clinical laboratories, including the national reference laboratory in Delhi and regional reference laboratories in Kolkata, Bengaluru, and Mumbai. The network also includes 7,727 Patient Service Centers (PSC) and 13,935 Pickup Points (PUP), serving private patients, hospitals, healthcare professionals, and corporate clients.

DLPL's board of directors also approved an additional investment of up to 49.5 crore rupees in its wholly-owned subsidiary in Dubai, Dr Lal PathLabs FZCO, to meet its business and operational needs. In regulatory filings, DLPL indicated that this subsidiary will make further investments in its subsidiary Sunshine Healthcare Limited (SHL) in Ghana.

The results were announced during market trading. DLPL shares closed on the BSE on Wednesday 5.1% higher, at a price of 2,028.95 rupees per share.

Kolte-Patil Developers Ltd, which has support from Blackstone and is based in Pune, reported consolidated net profit of ₹5.70 crore for the quarter ending in September.

In the previous year, the company incurred a net loss of ₹11.14 crore. According to regulatory filings, total revenue in the second quarter of the current fiscal year exceeded double, reaching ₹351.51 crore compared to ₹161.75 crore in the same period last year.

For the period from April to September 2026-27, net profit was ₹152.36 crore, whereas last year recorded a net loss of ₹28.02 crore. Furthermore, total revenue for the first half of the current fiscal year increased to ₹1,288.13 crore compared to ₹258.56 crore in the corresponding period of the previous year.

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Hrishikesh Parandekar, the company's CEO, noted that the first six months of the current fiscal year were a landmark period marked by record business performance and significant portfolio expansion. He reported achieving record pre-sales both quarterly and semi-annually, which grew by 52% and 27% year-on-year, respectively, as well as the highest ever semi-annual total revenue for the company, reflecting stable execution across the entire project portfolio.

The CEO emphasized that the company added six redevelopment projects to its Mumbai portfolio, with a potential aggregate revenue of ₹6,000 crore. He also stated that thanks to a robust launch plan, good project completion visibility, and sustained sales demand, the company is well-positioned to maintain the first-half results and ensure a strong finish to the fiscal year '27 in terms of operational and financial parameters.

Founded in 1991, Kolte-Patil Developers is one of India's leading developers, with presences in Mumbai, Pune, and Bangalore. In fiscal year '26, Blackstone acquired a 40% stake in the company. The company has developed and built over 82 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, with a total saleable area exceeding 34 million square feet.

Brigade Enterprises Ltd, based in Bangalore, reported a rise in net profit of 28.8% to 219 crore rupees in the second quarter of fiscal year 27 (Q2FY27) compared to the same period last year. This growth is attributed to stable demand that aligns with the launch of new projects.

However, the company's revenue, which focuses on South India, declined by 12.6% year-on-year (Y-o-Y), reaching 1,250 crore rupees compared to 1,430 crore rupees in the corresponding quarter of the previous year. This was reported in the stock exchange filing published on Thursday with results for the September quarter.

Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) increased by 27.5% in Q2FY27, reaching 478 crore rupees, compared to 375 crore rupees in the corresponding quarter of the previous fiscal year.

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Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, noted that residential segments continue to drive growth, supported by sustained demand and a strong project portfolio. She emphasized that customers are increasingly prioritizing quality, location, larger homes, and improved amenities, and the company continues to observe steady demand in both mid-range and premium segments. Furthermore, the festive season boosted customer engagement in the residential and retail businesses.

The group stated that project launch rates are gaining momentum, with property sales for the quarter reaching 1,827 crore rupees across a volume of 1.3 million square feet (msf). Shankar added that the company is prepared to sustain this momentum and ensure stable long-term growth. Brigade Enterprises shares fell by 1.39% and closed at 531 rupees on the BSE on Thursday.

During the quarter, the company launched projects totaling 2.4 msf with a Gross Development Value (GDV) of approximately 3,000 crore rupees. Brigade's portfolio generated revenue of 760 crore rupees, with an Ebitda of 175 crore rupees, which is 59% higher than in Q2FY26, at a margin of 23%.

Revenue from the rental business amounted to 329 crore rupees, with an Ebitda of 242 crore rupees, which is 9% higher than in Q2FY26, with a margin of 74%. As of September 2026, occupancy reached 90%. In the hospitality segment, which includes hotels the company builds for brand management, revenue in Q2FY27 was 161 crore rupees, and Ebitda was 59 crore rupees, which is 41% higher than in Q2FY26, with a margin of 37%.