The market opened with two very different stories playing out on the same morning.

Both companies had released their Q2 earnings in the post-market hours of November 10, and their share price reactions on November 11 showed how quickly sentiment can shift based on numbers.

On one side, the ONGC share price edged lower on both NSE and BSE, slipping over 2%.

On the other hand, the Ather Energy share price moved in the opposite direction, gaining more than 5% as investors responded to an improvement in the company’s financial performance.

Market Performance

As trading began, the numbers told a simple story.

• ONGC NSE/BSE: Around ₹246 per share
• Ather Energy NSE/BSE: Rose to ₹660 per share

Two results. Two different outcomes. One morning, Q2 numbers shaped the immediate sentiment around both counters.

Main News: ONGC Q2 Results Show Steady Profit Growth

The ONGC results for Q2 FY26 reflected stability despite softer revenue.

The company reported:

• Net Profit: ₹10,784.88 crore
  • Up from ₹10,235.46 crore YoY
  • 5% YoY growth
• Revenue from Operations: ~₹1.58 lakh crore
  • Slightly lower than ₹1.59 lakh crore in Q2 FY25
  • 1% YoY decline

The combination of steady profit and marginally lower revenue shaped the early reaction seen in the ONGC share price across NSE and BSE.

Company Details: Ather Energy Q2 Results Show Narrowing Losses

The Ather Energy results painted a different picture—one of improvement and momentum.

The company’s performance in Q2 FY26 included:

• Net Loss: ₹154 crore
  • Compared to ₹197 crore in Q2 FY25
  • Loss narrowed significantly
• Revenue from Operations: ₹898 crore
  • Up from ₹583 crore YoY
  • 54% YoY jump

A revenue surge this strong spoke to higher deliveries and festive demand through the quarter.

Expenses also played a major role in shaping the Ather Energy earnings profile:

• Total Expenses: ₹1,095 crore
  • Up 37% YoY
• Raw Material Costs: ₹736 crore
• Employee Expenses: ₹114 crore
• Other Expenses: ₹187 crore
  • Up from ₹128 crore a year earlier

Even with rising costs, the narrowing loss and solid revenue growth helped lift the Ather Energy share price during early trade.

Summary

The Q2 earnings season brought two contrasting stories for the day:

• The ONGC Q2 results showed stable profitability but a marginal dip in revenue, leading to a 2% drop in the ONGC share price.
• The Ather Energy Q2 results highlighted strong revenue growth and a sharp reduction in net loss, helping the Ather Energy share price rise over 5%.