Q2 Results Live: Black Box Profit Rises 30%; Grasim Industries, Eicher Motors, Natco Pharma, TMPV Also In Focus

PN Gadgil Jewellers reported a 14% year-on-year (YoY) increase in Diwali sales to Rs 689 crore in FY27, according to an exchange filing.

The growth was primarily driven by the gold jewellery segment, which recorded a 13% YoY increase in revenue during the festive period. The studded jewellery business grew 12.6% YoY.

Among other segments, silver business revenue rose 24% YoY, while the diamond business registered an 8% increase during Diwali.

Oil India expects capital expenditure (capex) of around Rs 6,000 crore in FY28, lower than its planned outlay for FY27. The company remains on track to meet its FY27 capex target of Rs 7,500 crore, according to management commentary during its Q2 earnings conference call.

The company is also on track to achieve its FY27 oil production target of 4 million metric tonnes (MMT). However, it continues to face challenges in increasing natural gas output and expects gas production to reach 4 billion cubic metres (BCM) in FY27, marginally higher than the previous year.

On the infrastructure front, Oil India expects the Numaligarh-Siliguri pipeline to be commissioned by March 2027. The project is around 95% complete.

The company plans to expand oil drilling operations in the Kerala-Konkan belt. Its fourth drilling well in the Andaman region is expected to be commissioned by mid-December, while a decision on the future of the Sri Vijayapuram well is expected by January.

Oil India also plans to procure six additional rigs to increase drilling operations, while focusing on improving the utilisation of its existing rigs.

The management said no provisioning is required for overseas operations in FY27.

Black Box reported a 30.5% year-on-year increase in consolidated net profit to Rs 72.7 crore in Q2 FY27, compared with Rs 55.7 crore in the corresponding quarter last year.

Revenue rose 22.1% YoY to Rs 1,936 crore from Rs 1,585 crore, while EBITDA increased 28.2% to Rs 184 crore from Rs 144 crore.

EBITDA margin improved to 9.5% from 9.1% a year ago. The company reported a one-time loss of Rs 12.5 crore, compared with Rs 14.1 crore in the year-ago period.

Black Box shares were trading at Rs 897.75.

Park Medi World reported a 29.2% year-on-year decline in consolidated net profit to Rs 52.2 crore in Q2 FY27, compared with Rs 73.7 crore in the year-ago period.

Revenue from operations, however, rose 24.6% YoY to Rs 511 crore from Rs 410 crore. EBITDA declined 9.3% to Rs 102 crore from Rs 112 crore, while EBITDA margin contracted to 19.96% from 27.41% a year ago.

Tax expenses increased to Rs 22 crore from Rs 12.6 crore in the corresponding quarter last year.

Grasim Industries, Eicher Motors, ABB India, Tata Motors Passenger Vehicles, Rail Vikas Nigam, Godrej Industries, Gillette India, Natco Pharma, Jubilant Pharmova, Inox Wind, Jupiter Wagons, Relaxo Footwears, Senco Gold, KPI Green Energy, Innova Captab, Reliance Infrastructure, CMS Info Systems, Goodyear India, Jagran Prakashan and Veranda Learning Solutions are among the key earnings announcements to watch as companies report their Q2 FY27 results on Friday, November 13.

Follow this live blog for quarterly earnings updates, key financial numbers, management commentary and stock-specific developments.