Q2 Results Live: Canara Bank Zooms 5% As Q2 Profit Jumps over 8% To Rs 5,175 Crore; BHEL, Groww Also In Focus

• Canara Bank reported a Q2 net profit of Rs 5,175 crore, up 8.4% year-on-year from Rs 4,774 crore.

• Net Interest Income (NII) rose 20% YoY to Rs 11,004 crore from Rs 9,141 crore, driven by growth in the loan book and interest earnings.

• Gross NPA improved to 1.33% as of Sept. 30, from 1.57% in the previous quarter, while Net NPA declined to 0.30% from 0.36%.

• Provision Coverage Ratio (PCR) stood at 95.34% as of Sept. 30, reflecting strong provisioning buffers.

• Provisions fell to Rs 1,782 crore, compared with Rs 2,354 crore a year ago and Rs 2,080 crore in the previous quarter.

• Other income came in at Rs 5,772 crore, compared with Rs 7,054 crore in the year-ago period.

 

• PL Capital has reiterated its 'Buy' rating on ICICI Life Insurance and raised its target price to Rs 725 after rolling forward valuations to FY29E.
   
• The brokerage said valuations remain undemanding and now values the insurer at 1.4x FY29E P/EV.

• Analysts expect wage hikes to weigh on Tata Technologies' profitability during the quarter.
   
• However, rupee depreciation could provide a partial offset to margin pressure.
   
• Investors will look for management commentary on margin recovery, deal pipeline and demand visibility across transportation and engineering verticals.

• Tata Technologies is expected to report Q2 revenue of Rs 1,708 crore, up 2.8% from Rs 1,664 crore in the previous quarter.
   
• Net profit is estimated to rise 8.9% to Rs 196 crore from Rs 180 crore.
   
• EBIT margin is expected at 13.54%, down from 15.47%, implying a contraction of 193 basis points.
   
• Commentary on European automotive demand, new project wins and client spending trends will be closely monitored.

• ICICI Lombard General Insurance is expected to report gross written premium of Rs 7,487 crore, compared with Rs 7,058 crore a year earlier.
   
• Net premium earned is estimated at Rs 5,940 crore versus Rs 5,313 crore last year.
   
• Profit after tax is expected to decline to Rs 773 crore from Rs 820 crore.
   
• Analysts expect the loss ratio to improve on better underwriting, though the combined ratio may rise because of higher motor third-party provisioning.

• Groww is expected to report Q2 revenue of Rs 1,458 crore, compared with Rs 1,473 crore in the previous quarter.
   
• EBITDA is estimated at Rs 912 crore versus Rs 999 crore QoQ, while PAT is seen at Rs 680 crore against Rs 735 crore.
   
• Derivatives revenue is expected to decline sequentially following the implementation of CAS.
   
• Wealth-management performance will be a key monitorable to offset pressure in the broking business.

• BHEL is expected to report Q2 revenue of Rs 8,319 crore, up 10.7% YoY.
   
• EBITDA is estimated to rise 45% YoY to Rs 843 crore, while profit after tax is expected to jump 106% YoY to Rs 756 crore.
   
• Analysts expect margins to improve as the company executes a higher proportion of high-margin projects.
   
• A Rs 2.6 lakh crore order book and continued thermal power ordering are expected to provide strong revenue visibility.

• Hero Motors reported Q1 consolidated net profit of Rs 10.2 crore, compared with Rs 4.7 crore in the year-ago period.
• Revenue grew 24.9% YoY to Rs 319 crore from Rs 256 crore.
• EBITDA surged 93% YoY to Rs 35.9 crore from Rs 18.6 crore.
• EBITDA margin expanded to 11.2% from 7.3% a year ago.

• SS Retail reported Q1 net profit of Rs 23.9 crore, up 60.4% YoY from Rs 14.9 crore.
• Revenue increased 54.5% YoY to Rs 770 crore from Rs 498 crore.
• EBITDA rose 47.7% YoY to Rs 44.6 crore from Rs 30.2 crore.
• EBITDA margin stood at 5.8%, compared with 6.1% a year ago.

• Tata Elxsi reported Q2 revenue of Rs 1,056 crore, up 3.4% QoQ from Rs 1,021 crore.
• EBIT rose 7.3% QoQ to Rs 207.8 crore.
• EBIT margin improved to 19.7% from 19% in Q1.
• Net profit was largely unchanged at Rs 170.3 crore versus Rs 170.6 crore in the previous quarter.

• Anand Rathi Shares & Stock Brokers reported Q2 net profit of Rs 41.9 crore, up 79.1% QoQ from Rs 23.4 crore.
• Total income increased 10.9% QoQ to Rs 274 crore from Rs 247 crore.

• TARIL reported Q2 consolidated net profit of Rs 79.8 crore, compared with Rs 33.9 crore a year ago.
• Revenue jumped 60.7% YoY to Rs 739 crore from Rs 460 crore.
• EBITDA rose to Rs 129 crore from Rs 51.5 crore.
• EBITDA margin expanded to 17.4% from 11.2% in the year-ago quarter.

Investors will track quarterly earnings from Canara Bank, BHEL, CEAT, Groww and ICICI Lombard on Wednesday, October 14, as the Q2 FY27 results season continues. Bajaj Consumer Care, Tata Technologies, Mangalore Refinery and Petrochemicals and other companies are also scheduled to announce their results.

Follow this live blog for company-wise earnings updates, profit and revenue trends, margin movements and the market reaction to the latest numbers.

Welcome to NDTV Profit’s Q2 Results Live coverage for Wednesday, October 14, 2026. A total of 27 companies, including Bharat Heavy Electricals Ltd. (BHEL), Canara Bank, Groww, CEAT and ICICI Lombard General Insurance, are scheduled to announce their Q2 FY27 financial results today.

Stay tuned for the latest earnings announcements, key financial figures, management commentary and stock-specific developments as companies report their quarterly performance.