CEAT reported a 53% increase in PAT in Q2, whilst Sobha Developers’ net profit increased by 180% in the September quarter.
Strong Q2 results caused shares of CEAT, Sobha Developers, and Can Fin Homes to rise as much as 10% on October 20.
Developers of Sobha
As the company’s second quarter earnings increased by roughly 180% to Rs 72.5 crore from Rs 26 crore a year earlier, shares of real estate developer Sobha Developers surged as much as 4% to Rs 1,585 in October.
Due to high prices and the ongoing demand for upscale houses, its revenue rose by 50.7%.
International brokerage Jefferies said that a robust launch pipeline worth Rs 20,000 crore boosts optimism for a successful year, and that Q2 pre-sales up 61% YoY were a welcome surprise, with 70% of sales coming from the main Bengaluru region.
According to Investec, core profit margins could increase by FY27 as high-margin premium projects scale up, even if they decreased 60 basis points year over year as a result of the conclusion of historical low margin projects.
The stock has lost 2.4% so far in 2025.
On October 20, the stock was up 0.6% at Rs 1,534.5 at 1:25 PM.
Able to Finance Houses
On October 20, Can Fin Homes’ stock increased by 5.29% to Rs 843.4 per share, the highest level in more than a decade.
After market hours on October 17, the NBFC reported a 19% increase in net profit after taxes for the September quarter.
According to Investec, the results were “excellent,” and increasing payouts will help the stock’s re-rating.
According to Jefferies, smaller provisions and greater net interest margins have contributed to the earnings increase.
According to market statistics, Can Fin Homes’ stock has increased 5.5% so far in 2025, reflecting the 6% increase in the Nifty 500 index.
CEAT
On October 20, CEAT’s stock surged 9.7% to hit its highest point ever, Rs 4,077.
Due to a rise in car sales after the GST decrease, the tire manufacturer’s Q2 net profit surged 52.6% and revenue grew 12.2%.
According to Emkay, CEAT is well-positioned to gain from the recovery in demand, which is supported by significant exposure to the consumer-facing category.
According to Investec, CEAT is still the go-to option in the tire market, and once the integration is over and tariffs are clear, CAMSO’s chances of expanding their company should increase.
To far, October 20 has seen almost 1.5 million shares traded, 13 times their 30-day average.
So far in 2025, CEAT shares have increased by 26%.