Earnings

Revenue from operations rose 2.23% to Rs 1,142.03 crore in the quarter.

Yes Bank's standalone net profit rose to Rs 1,080 crore in the September quarter from Rs 654 crore a year earlier. Net interest income increased to Rs 2,822 crore, while operating profit climbed 29.4% and provisions declined year-on-year.

HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank, Yes Bank, and India Cements and more companies announced their Q2 FY27 earnings today, Oct. 17.

Outgoing CEO Sashidhar Jagdishan said incoming chief Anup Bagchi could consider alternative balance-sheet strategies, including some non-deposit funding, as the bank seeks to increase the share of retail deposits. The lender will still need non-retail liabilities to support demand across its businesses.

Net interest income rises 22% to Rs 1,161 crore, while operating profit climbs 22.3%; provisions fall to Rs 52 crore.

ICICI Bank expects to reverse provisions against its agricultural portfolio over the next two quarters, subject to RBI approval. Management said the bank has completed the necessary review of its agri-portfolio remediation.

HDFC Bank expects margins to improve from the December quarter as repricing of floating-rate loans begins to offset the full-quarter impact of FCNR(B) funding costs.

Kaizad Bharucha has sought cessation from HDFC Bank with effect from December 31, 2026, ending a tenure that began in October 1995. The Deputy Managing Director has been among the lender’s most experienced senior executives.

ICICI Bank reported a 20.1% YoY rise in consolidated net profit to Rs 14,843 crore for the second quarter, compared with Rs 12,359 crore a year earlier.

Net interest income (NII) increased 28.7% to Rs 4,228 crore from Rs 3,285 crore in the year-ago quarter. Provisions stand at Rs 8.55 crore.

HDFC Bank Ltd.'s second-quarter net profit rose 5.2% year-on-year to Rs 19,610 crore in the quarter ended Sept. 30, compared with the Bloomberg estimate of Rs 19,727.43 crore.

Indian Bank CEO Binod Kumar expects credit costs to remain at 0.2% to 0.23% in the coming quarters and aims to complete Rs 3,500 crore in expected credit loss provisions by March 2027.

Central Bank of India reported a 21.1% year-on-year rise in Q2 standalone net profit to Rs 1,469 crore, as net interest income jumped 26% to Rs 4,145 crore.

Net interest income (NII) increased to Rs 15,371 crore, against the Bloomberg estimate of Rs 15,259 crore. The bank had reported NII of Rs 13,744.55 crore in the year-ago quarter.

Ixigo reported a net profit of Rs 61.3 crore in Q2 FY27, reversing a year-ago loss. Revenue rose 12.9% to Rs 321 crore, while EBITDA turned positive at Rs 18.1 crore.

Besides HDFC Bank, ICICI Bank and Axis Bank, the calendar also features Bajaj Healthcare, Central Bank of India, IDBI Bank, India Cements, ixigo operator LE Travenues Technology, Punjab and Sind Bank, YES Bank, among others.

Investors will track earnings from real estate, banking, consumer, telecom and technology companies, with DLF, PNB, Bajaj Housing Finance, Federal Bank, LTM, Oberoi Realty and Tejas Networks among the key names reporting September-quarter results.

Net profit is projected to rise 54.13% year on year to Rs 1,008 crore, although it could decline 5.88% from the preceding quarter.

ITC will announce its Q2 FY27 results on November 2. The company has notified stock exchanges of the board meeting to consider its September-quarter earnings, while dividend details and the earnings call schedule are yet to be confirmed.

The revenue growth was "driven by double-digit growth in general trade, highest-ever quarterly sales in international business", said CGCEL in its earnings statement.