Earnings

Q2 Results Live: Wipro, Tech Mahindra, Nestle India, Polycab India, HDFC AMC and Angel One are among 48 companies scheduled to announce their Q2 FY27 results today, October 15. Track the latest earnings announcements, financial performance and market reaction live on NDTV Profit.

The companies also offered different signals on demand and future growth, with their December-quarter outlooks reflecting varying degrees of caution.

Wipro's revenue was up 1.1% at Rs 24,753 crore, compared to the previous quarter's Rs 24,479 crore.

Wipro remained confident about the coming quarters, supported by its existing pipeline and deal wins.

Tech Mahindra will pay an interim dividend of Rs 15 per share.

Persistent Systems's revenue was up 8.4% to Rs 4,664 crore compared to Rs 4,303 crore in the previous quarter.

In wealth management, assets under management (AUM) rose 160.5% year-on-year to Rs 160 billion.

Managing Director and CEO Brajesh Kumar Singh said the bank's estimated one-time ECL provision could range from Rs 12,000 crore to Rs 15,000 crore, up by around Rs 3,000 crore from its earlier estimate.

A Rs 15,000 crore buyback and Rs 1,978 crore of dividends took Wipro's payouts well above what it earned in the six months to September, as September-quarter profit slipped 1.4% from a year ago.

Nestle India's September-quarter profit rose 36% as revenue grew 20% and operating margins widened, beating Bloomberg estimates despite rising food inflation and commodity cost pressures.

Shares of South Indian Bank surged as high as 5% after the declaration of the results to an intraday high level of Rs 52.08 apiece.

Net interest income, the difference between interest earned and interest expended, grew 14% to Rs 2,886 crore from Rs 2,533 crore a year ago.

Net interest income (NII) rose 18% YoY to Rs 7,719 crore from Rs 6,551 crore a year ago. Operating profit surged 47% to Rs 7,090 crore, compared with Rs 4,836 crore in the year-ago period.

Vora told NDTV Profit that he was not very concerned about Indian market valuations, adding that the broader market could sustain healthy growth in the future.

Overall, improving execution, margin recovery and diversification beyond thermal power strengthen BHEL's medium-term growth outlook, although timely order conversion and sustained execution momentum remain key monitorables.

At 32 times FY28E price-to-earning, Motilal Oswal believes Tata Tech's current valuation already reflects the strong double-digit growth guidance and continued margin expansion.

With valuations largely factoring in medium-term growth potential, the brokerage will look for clearer evidence of stronger execution on loan growth, the ability to better navigate industry, product cycles, and structural, not just cyclical improvement in return ratios.

The company's retail health segment maintains its strong momentum, gaining market share with significant traction in its Elevate' product, highlights the brokearage.

Groww continues to report strong revenue growth YoY, driven by rising product adoption by users. Its brokerage business is gaining market share across segments, with its newer products, MTF and commodities, aggressively fueling further growth, believes the brokerage.

Brokerages maintain bearish ratings on BHEL due to weak order inflows, margin sustainability concerns, and high valuations despite strong Q2 FY27 profitability and revenue growth.