Q2 Results Highlights: L&T Finance Profit Rises 33%, Tech Mahindra Announces Dividend, Wipro ADRs Recover On Q3 Revenue Outlook
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.
Q2 Results Live Market Blog
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Q2 Results Live Updates: 360 ONE WAM, 5Paisa Capital, Advik Capital, Alok Industries, Angel One, Armee Infotech, Avenique, BFL Asset Finvest, Bombay Super Hybrid Seeds, Butterfly Gandhimathi Appliances, Carnation Industries, CCL Products (India), City Pulse Multiventures, Cyient DLM, DB Corp, Fedbank Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company, Heritage Foods, IIFL Finance, Indian Bank, Indian Railway Finance Corporation (IRFC), Jio Financial Services, Kabra Extrusiontechnik, Leading Leasing Finance and Investment Company, Sri Lotus Developers and Realty, L&T Finance, Mahindra EPC Irrigation, Metro Brands, MPF Systems, Mangalam Worldwide, Narmada Macplast Drip Irrigation Systems, Nestle India, Orient Electric, Oriental Hotels, Persistent Systems, Polycab India, SBC Exports, Shree Krishna Infrastructure, South Indian Bank, Sterling and Wilson Renewable Energy, Tata Communications, Tech Mahindra, Tips Music, Tuni Textile Mills, UCO Bank, USG Tech Solutions, Vipul and Wipro are scheduled to announce their Q2 FY27 results on Thursday, October 15, 2026.
Wipro, Tech Mahindra, Nestle India, Polycab India, HDFC Asset Management Company, HDFC Life Insurance Company, Angel One, Indian Bank and Jio Financial Services will be among the key earnings announcements to watch.
Stay tuned to this Q2 Results Live blog for the latest earnings announcements, financial performance, management commentary and market reaction throughout the day.
Q2 Results Live: CCL Products Profit Rises 29%
CCL Products Q2 Result Highlights (YoY)
- Net Profit up 28.9% at Rs 130 crore versus Rs 101 crore.
- Revenue up 7.5% at Rs 1,211 crore versus Rs 1,127 crore.
- EBITDA up 7.6% at Rs 212.5 crore versus Rs 197.5 crore.
- EBITDA Margin up 2 Bps at 17.54% versus 17.52%.
Wipro Q2 Results Live: Will Go To Campuses For Hiring
Concall
- Will be going to campuses to hire more freshers
- US payers are intensely focused on cost takeout deal
Wipro Q2 Results Live: Expect Health To Benefit In Q3
CONCALL
- Expect health to benefit in Q3
- Health has done well in past quarters & expect the same
Q2 Results Live: Sri Lotus Developers Profit Rises 78%
Sri Lotus Developers Q2 Result Highlights (YoY)
- Net Profit up 77.7% at Rs 82.1 crore versus Rs 46.2 crore.
- Revenue up 52.5% at Rs 268.6 crore versus Rs 176.1 crore.
- EBITDA up 112.5% at Rs 107.3 crore versus Rs 50.5 crore.
- EBITDA Margin up 1,130 Bps at 40.0% versus 28.7%.
Q2 Results Live: L&T Finance Profit Rises 33%
L&T Finance Q2 Result Highlights (YoY)
- Net Profit up 32.7% at Rs 975 crore versus Rs 735 crore.
- Total Income up 27.0% at Rs 5,484 crore versus Rs 4,336 crore.
Tech Mahindra Q2 Results Live: Don't Expect Seasonality In Q3
- Don’t expect seasonality in Q3
- Focus will be in growth for next 3 years
- Focus to outgrow peer group
- Expect to get back to higher level of growth for BFSI
Tech Mahindra Q2 Results Live: BPS Sees Fastest Growth
- Digital enterprises continues to see growth
- BPS has been fastest growing biz since many years
- In growth mode for design & consulting biz
Tech Mahindra Q2 Results Live: CEO On SpaceX
Mohit Joshi
- SpaceX had a major impact on telecom stocks in the US
- SpaceX is going to go on multi-year journey to build terrestrial networks
- Risk to operators is overblown at this time
- US operators have invested billions, we feel they'll continue
Tech Mahindra Q2 Results Live: AI Deflation Is Way Overdone
- AI deflation is way overdone
- Not something dramatic, clients are always expecting productivity
- Market opportunity for people like us will grow
- With new tech, it will open huge new markets for us
- Differentiated AI toolchain will help us
Persistent Systems Q2 Results Live: Vendor Consolidation Is Still A Big Thing
- Vendor consolidation is still a big thing
- Pipeline remains healthy, remain confident that all segments will grow very well
- Hitech is the most disruptive segment
- Seeing maximum AI adoption in Hitech segment
Q2 Results Live: Jio Financial Profit Falls 51%
Jio Financial Q2 Result Highlights (YoY)
- Net Profit declines 51.1% at Rs 340 crore versus Rs 695 crore.
- Total Income up 69.6% at Rs 1,699 crore versus Rs 1,002 crore.
Tech Mahindra Q2 Results Live: Fastest Growing Among Peers
- We will be hiring going ahead
- We're growing fastest among peers so that will underpin hiring
Tech Mahindra Q2 Results Live: Low Dependence On H1-B
TechM on PERM
- We're not in the infamous list of cos put out by US
- We're compliant with visa regulations across the world
- Dependence on H1-B is really low, less than 1% of our workforce
Tech Mahindra Q2 Results Live: On Track To Achieve Full Year Target Margin
- Will continue in invest in AI deployment
- On track to achieve full year target margins of 15%
Persistent Systems Q2 Results Live: Post 26th Quarter Of Growth
- During the quarter company at higher finance charge
- Constant currency growth on QQ is at 7.8%
- Expect higher cost to be incurred for Nagarro in the coming quarters
- Co report 26th consecutive quarter of growth
Tech Mahindra Q2 Results Live: $125mn In Free Cash Flow
- Effective tax rate at 29.9%
- PAT for quarter at Rs 1,586 crore
- $125mn in free cash flow
- Will continue to boost TechM's Helix program for AI
Tech Mahindra Q2 Results Live: SpaceX.ai Partnership To Boost Growth
- SpaceX.ai partnership to boost growth
- $1.02 bn in deal wins
- Large wins included Canadian insurer, Australian telco
- Momentum in deal wins around communications, logistics etc
Tech Mahindra Q2 Results Live: Cost Optimisation Supports Healthy Pipeline
- Mfg growth at 7% YoY
- Cost optimisation supporting healthy pipeline
- Will expand share in existing accounts
- Healthcare biz grew 6.6%
- Building on AI solutions portfolio
Tech Mahindra Q2 Results Live: Focus On Strengthening Insurance Capabilities
- In BFSI, growth was 4.6%
- Focus is on strengthening insurance capabilities
Q2 Results Live: Metro Brands Profit Rises 12%
Metro Brands Q2 Result Highlights (YoY)
- Net Profit up 12.0% at Rs 75.8 crore versus Rs 67.7 crore.
- Revenue up 12.1% at Rs 730 crore versus Rs 651 crore.
- EBITDA up 15.3% at Rs 197 crore versus Rs 171 crore.
- EBITDA Margin up 80 Bps at 27.0% versus 26.2%.
Q2 Results Live: Sterling & Wilson Swings To Profit
Sterling & Wilson Q2 Result Highlights (YoY)
- Net Profit stands at Rs 19.2 crore versus loss of Rs 473.2 crore.
- Revenue declines 12.7% at Rs 1,528 crore versus Rs 1,749 crore.
- EBITDA up 1,342.0% at Rs 56.1 crore versus Rs 3.9 crore.
- EBITDA Margin up 350 Bps at 3.7% versus 0.2%.
Tech Mahindra Q2 Results Live: Revenue Rises 10% Due To Orange Launch Deal
Revenue up 9.5% YoY supported by Orange launch deal
Q2 Results Live: Alok Industries Net Loss Widens
Alok Industries Q2 Result Highlights (YoY)
- Net loss stands at Rs 208 crore versus loss of Rs 162 crore.
- Revenue up 14.6% at Rs 1,078 crore versus Rs 941 crore.
- EBITDA stands at Rs 41 crore versus Rs 4 crore.
- EBITDA Margin up 340 Bps at 3.8% versus 0.4%.
- One-time loss of Rs 36 crore versus gain of Rs 5 crore.
Tech Mahindra Q2 Results Live: OPM At 14.8%
TechM CEO Mohit Joshi
- Delivered extremely strong quarter
- OPM at 14.8%
Tech Mahindra Q2 Results Live: Sectoral Growth
- Communications grew 6% QoQ
- Manufacturing de-grew 3.9% QoQ
- Retail, logistics & transport saw highest growth of 9.6% QoQ
Q2 Results Live: Angel One Profit Rises 45%
Angel One Q2 Result Highlights (QoQ)
- Net Profit up 45.0% at Rs 335 crore versus Rs 231 crore.
- Revenue declines 0.2% at Rs 1,427 crore versus Rs 1,430 crore.
- EBITDA up 31.0% at Rs 636 crore versus Rs 485 crore.
- EBITDA Margin up 1,070 Bps at 44.6% versus 33.9%.
- To pay interim dividend of Rs 1.40 per share.
Tech Mahindra Q2 Results Live: Global Growth
- Americas grew 1.9% QoQ
- Europe grew 2.5% QoQ
- ROW grew 1.6% QoQ
Tech Mahindra Q2 Results Live: Global Growth
- Americas grew 1.9% QoQ
- Europe grew 2.5% QoQ
- ROW grew 1.6% QoQ
Tech Mahindra Q2 Results Live: New Deal Wins Rise 25%
- New deal-wins at $1,023 million, up 25.4% YoY
- Revenue up 2.4% QoQ in cc terms
- Total headcount at 152,206
- LTM IT attrition at 11.7%
Tech Mahindra Q2 Results Live: Recommends Bonus Share Issue
Board recommends Bonus Share Issue in the ratio of 1:1.
Wipro Q2 Results Live: Tech Giant Confident For The Coming Quarters
- With the current pipeline and deal wins remain very confident for the coming quarters
- Track AI numbers internally, but don’t give it out
- Mindsprint deal is not considered as inorganic revenue
- Did not have any inorganic revenue in Q2
- Last year co hired 7500 freshers, company plans to maintain similar hiring range in the current year
- Continue to hire globally, company wants to hire certain skills
Wipro Q2 Results Live: Expect Minimum Impact From Long-Term Perspective Of PERM
ON PERM
- Over the last three years did not file any PERM
- Expect a minimum impact from long-term perspective
Wipro Q2 Results Live: Expect Q3 To Have Robust Deal Bookings
Aparna C. Iyer, Chief Financial Officer (CFO)
- Couple of Deals did not get signed in the Q 2
- Expects the deals to flow in Q3 from Q2
- Expect Q3 to have a robust deal booking
Wipro Q2 Results Live: Business Resilient Despite Challenging Macro Environment
Wipro CEO Srini
- Despite a challenging macro environment business remains resilient
- Very encouraged by emerging opportunities across all the markets
Wipro Q2 Results Live: Q3 Seasonally Weak Quarter
Wipro CEO Srini
- Guidance at -1.5% to 0.5% for Q3
- Q3 is seasonally weak quarter for the company
Q2 Results Live: Tech Mahindra Profit Rises 8%
Tech Mahindra Q2 Result Highlights (QoQ)
- Net Profit up 8.3% at Rs 1,586 crore versus Rs 1,465 crore.
- Revenue up 3.0% at Rs 16,180 crore versus Rs 15,712 crore.
- EBIT up 5.4% at Rs 2,386 crore versus Rs 2,264 crore.
- EBIT Margin up 30 Bps at 14.7% versus 14.4%.
Wipro Q2 Results Live: Increased AI Investment Across Various AI Services
Wipro CEO Srini
- Increased AI investment across various AI services
- AI investment help us capture opportunity beyond traditional spends
Wipro Q2 Results Live: Acquisitions Boosted Engineering Capabilities
Wipro CEO Srini
- Seeing tangible returns from the recent acquisition done in the past quarters
- Acquisitions have boosted engineering capabilities and helped win new deals
- Acquisition though impact on the margin, but enhance capability and skills
Wipro Q2 Results Live: Bookings Show Healthy Mix Of Expansion
Wipro CEO Srini
Booking shows healthy mix of expansion and new bookings
Wipro Q2 Results Live: Americas One Declined Due To Softness
Wipro CEO Srini
- Americas one declined due to softness and Healthcare and client specific issue
- Americas 2 to grew driven by momentum and BFSI
- Europe grew on the back of brought based growth across the sectors in the Europe Geo
Wipro Q2 Results Live: Sees Good Deal Wins In Energy Sector
Wipro CEO Srini
- Seen good deal wins in energy sector and continues to gain traction
- Seeing good traction in travel, transportation and consumer sector
- Recent deal ramp up has supported the performance
- Healthcare in US continue to get impacted by policy changes
- CC growth remains flat QoQ
Q2 Results Live: Cyient DLM Profit Rises 6%
Cyient DLM Q2 Result Highlights (YoY)
- Net Profit up 5.9% at Rs 34 crore versus Rs 32.1 crore.
- Revenue up 26.4% at Rs 393 crore versus Rs 311 crore.
- EBITDA up 9.9% at Rs 34.5 crore versus Rs 31.4 crore.
- EBITDA Margin down 130 Bps at 8.8% versus 10.1%.
Wipro Q2 Results Live: See Growth Across AI Model System, Says CEO
Wipro CEO Srini
- Continue to see strong growth in BFSI
- Clients are focused on cost optimisation, legacy modernisation, and scaling Agent AI
- See growth emerging across AI model systems
Wipro Q2 Results Live: Deal Wins Sees Major Down Tick, No Guidance Change
Key takeaways
- Nos inline with est; Profit is a miss
- QoQ CC growth for IT services at 0.0 vs -1.2% in Q1 (est -1.1% CC)
- Americas 1 continues to be weak, down 2.3%; BFSI segment stabalises up 1%
- Q3 guidance at -1.5% to 0.5% (vs unchanged from Q2) (Inline)
- Total booking at $2.6BN vs $3.3bn Q1 (down 22.9% QoQ CC); Large dealwins at $0.7bn vs $1.6bn (58.6% QoQ CC)
Q2 Results Live: 360 One Wam Profit Falls 5%
360 ONE WAM Q2 Result Highlights (YoY)
- Net Profit declines 4.8% at Rs 300 crore versus Rs 315 crore.
- Total Income up 13.8% at Rs 1,261 crore versus Rs 1,108 crore.
- To pay 2nd interim dividend of Rs 7.5 per share.
Q2 Results Live: IIFL Finance Profit More Than Doubles
IIFL Finance Q2 Result Highlights (YoY)
- Net Profit up 103.7% at Rs 766 crore versus Rs 376 crore.
- Total Income up 28.4% at Rs 4,248 crore versus Rs 3,309 crore.
Q2 Results Live: HDFC Life Profit Rises 17%
HDFC Life Q2 Result Highlights (YoY)
- Net Profit up 16.5% at Rs 522 crore versus Rs 448 crore.
- Net Premium Income up 15.8% at Rs 21,856 crore versus Rs 18,871 crore.
Q2 Results Live: Persistent Systems Profit Falls 27%
Persistent Systems Q2 Result Highlights (QoQ)
- Net Profit declines 27.1% at Rs 352 crore versus Rs 483 crore.
- Revenue up 8.4% at Rs 4,664 crore versus Rs 4,303 crore.
- EBIT declines 19.6% at Rs 467 crore versus Rs 581 crore.
- EBIT Margin down 350 Bps at 10.0% versus 13.5%.
Wipro Q2 Results Live: Attrition Stood At 13.8%
Attrition stood at 13.8% in quarter ended September.
Wipro Q2 Results Live: Q3 Guidance
Q3 Guidance
- Revenue from our IT Services to be $2,571-2,625 million.
- Translates to -1.5% to 0.5% in cc terms.
Wipro Q2 Results Live: Total Bookings, Large Deal TCS Fall
- IT Services Rev down 0.9% at Rs 24,667 crore (QoQ)
- Total bookings at $2.6 billion
- Total bookings down 22.9% QoQ in cc terms
- Large Deal TCV at $0.7 billion
- Large Deal TCV down 58.6% QoQ in cc terms
Q2 Results Live: Wipro Profit Falls 5%
Wipro Q2 Result Highlights (QoQ)
- Net Profit declines 4.5% at Rs 3,200 crore versus Rs 3,352 crore.
- Revenue up 1.1% at Rs 24,753 crore versus Rs 24,479 crore.
- EBIT rises 4.1% at Rs 3,986 crore versus Rs 3,830 crore.
- EBIT Margin up 50 Bps at 16.1% versus 15.6%.
Q2 Results Live: IRFC Profit Rises 10%
IRFC Q2 Result Highlights (YoY)
- Net Profit up 10.2% at Rs 1,958 crore versus Rs 1,777 crore.
- Total Income up 24.4% at Rs 7,924 crore versus Rs 6,372 crore.
- To pay interim dividend of Rs 1.15 per share.
Q2 Results Live: Expect Revenue To Grow 20% This Year, Says Tips Music
TIPS MUSIC TO NDTV PROFIT
- Have A Strong Content Library With Co
- Expect Revenue To Grow 20% This Year
- Q2 Was Good Due To 2 New Movie Releases
Q2 Results Live: Heritage Foods Profit Falls 39%
Heritage Foods Ltd.
%
Heritage Foods Q2 Result Highlights (YoY)
- Net Profit declines 38.6% at Rs 31.4 crore versus Rs 51.1 crore.
- Revenue up 18.6% at Rs 1,320 crore versus Rs 1,113 crore.
- EBITDA declines 4.0% at Rs 74.8 crore versus Rs 77.9 crore.
- EBITDA Margin down 130 Bps at 5.7% versus 7.0%.
Q2 Results Live: Management Remains Optimistic On Consumer Demand Despite Inflation
- Bajaj Consumer said demand has remained resilient despite inflationary pressures.
- Management remains optimistic on consumption trends and said the company continues to see healthy performance across key categories.
- The company added that India remains relatively resilient despite the current inflationary environment.
Q2 Results Live: HDFC AMC Profit, Total Income Slide
HDFC AMC (Q2, Consolidated QoQ)
- Net profit down 10.5% to Rs 749 crore versus Rs 837 crore.
- Total income down 9% to Rs 1,241 crore versus Rs 1,363 crore.
Q2 Results Live: Karur Vysya Bank Profit Jumps Over 37%, NII Rises
Karur Vysya Bank (Q2, YoY)
- Net profit up 37.3% to Rs 788 crore versus Rs 574 crore.
- NII up 19% to Rs 1,497 crore versus Rs 1,261 crore.
- Gross NPA at 0.69% versus 0.74% (QoQ).
- Net NPA at 0.18% versus 0.19% (QoQ).
- Provisions at Rs 118 crore versus Rs 274 crore. (YoY)
- Provisions at Rs 118 crore versus Rs 90 crore. (QoQ)
Q2 Results Live: Orient Electric Net Profit Doubles, But Margins Contract
Orient Electric (Q2, YoY)
- Net profit at Rs 27.06 crore versus Rs 12.06 crore.
- Revenue up 25.2% to Rs 879 crore versus Rs 703 crore.
- Ebitda up 24.3% to Rs 904 crore versus Rs 727 crore.
- Margin at 102.8% versus 103.4%.
Q2 Results Live: Banjara's Expansion Into New Categories Offers Significant Growth Potential
- Bajaj Consumer said it is testing new products under the Banjara's brand across southern markets.
- The company believes the brand's strong natural and herbal equity can help it enter larger adjacent categories.
- Management said successful execution could create a meaningful new growth avenue for the business.
Q2 Results Live: Bajaj Consumer Says Focus Remains On Three Key Growth Drivers
- Management identified Almond Drops, the growth portfolio, and distribution expansion as the company's three core growth drivers.
- The company expects continued investment behind all three pillars to support future growth.
- Management said the transformation of Almond Drops and expansion under Arohan remain key priorities.
Q2 Results Live: Rural Market Continues To Outpace Urban Growth
- Bajaj Consumer said both urban and rural markets performed well during the quarter.
- Rural growth continued to remain slightly ahead of urban growth.
- General trade and organised trade channels both delivered growth in the mid-20% range, according to management.
Q2 Results Live: Company Sees Strong Traction Across Coconut Portfolio, Growth Brands
- The company's coconut oil portfolio delivered strong volume growth across channels during the quarter.
- Bajaj Consumer also relaunched and refreshed several brands within its growth portfolio, including initiatives across Amla Oil, Body Lotion and Banjara's.
- Management said profitability within the growth portfolio has improved significantly.
Q2 Results Live: Tata Communications Net Profit Zooms Over 86%
Tata Communications (Q2, Consolidated YoY)
- Net profit up 86.3% to Rs 341 crore versus Rs 183 crore.
- Revenue up 9.6% to Rs 6,688 crore versus Rs 6,099.8 crore.
- Ebitda up 21.2% to Rs 1,422 crore versus Rs 1,174 crore.
- Margin at 21.3% versus 19.2%.
Q2 Results Live: International Business Outpaces Company Growth In H1
- Bajaj Consumer said its international business grew faster than the overall company during H1 FY27.
- Most key overseas markets outperformed company growth, with Bangladesh remaining the only major market witnessing a more challenging operating environment.
- Management also highlighted improving profitability in the international business.
Q2 Results Live: DB Corp Net Profit Slides 27%
DB Corp (Q2, Consolidated YoY)
- Net profit down 26.9% to Rs 68 crore versus Rs 93 crore.
- Revenue down 5.4% to Rs 581 crore versus Rs 614 crore.
- Ebitda down 33.9% to Rs 91.2 crore versus Rs 138 crore.
- Margin at 15.7% versus 22.5%.
- Other income up 65% to Rs 33.5 crore versus Rs 20.3 crore.
Q2 Results Live: Net Profit Rises Over 24%, Interim Dividend Declared
Tips Music (Q2, YoY)
- Net profit up 24.5% to Rs 66 crore versus Rs 53 crore.
- Revenue up 34.8% to Rs 120 crore versus Rs 89 crore.
- Ebitda up 25.7% to Rs 85 crore versus Rs 67.6 crore.
- Margin at 70.8% versus 76%.
- Board declared interim dividend of Rs 6.5/share.
Q2 Results Live: Gross Margin Pressured By Commodity Inflation, West Asia Conflict
- Management said volatility in key raw material prices, edible oil inflation and the impact of the West Asia conflict affected margins during the quarter.
- Gross margin stood at 59.9% in Q2 and 60.8% for H1 FY27.
- Despite this, Bajaj Consumer delivered an EBITDA margin of 25% through cost efficiencies and tighter expense control.
Q2 Results Live: Company To Take Another Round Of Price Hikes In Q3
- Bajaj Consumer said it plans another round of price increases and MLH reductions in Q3 to address commodity inflation.
- The company expects an effective consumer price increase of around 5%, split between direct price hikes and MLH reductions.
- Management said the focus remains on protecting profitability while remaining fair to consumers.
Q2 Results Live: South Indian Bank Profit Jumps Over 21%, Asset Quality Improves
South Indian Bank (Q2, YoY)
- Net profit up 21.4% to Rs 426 crore versus Rs 351 crore.
- NII up 38% to Rs 1,116 crore versus Rs 809 crore.
- Operating profit up 36.6% to Rs 732 crore versus Rs 536 crore.
- Gross NPA at 1.24% versus 1.38% (QoQ).
- Net NPA at 0.09% versus 0.26% (QoQ).
- Provisions at Rs 159 crore versus Rs 63 crore. (YoY)
- Provisions at Rs 159 crore versus Rs 84 crore. (QoQ)
Q2 Results Live: Quick Commerce Remains Fastest-Growing Channel For Bajaj Consumer
- Bajaj Consumer said quick commerce remained its fastest-growing channel during the quarter.
- Management views quick commerce as a fulfilment channel for established brands such as Almond Drops.
- For premium and urban-focused products, the company intends to use quick commerce as both a demand creation and fulfilment channel.
Q2 Results Live: UCO Bank Net Profit Climbs Nearly 27%
UCO Bank (Q2, YoY)
- Net profit up 26.8% to Rs 786 crore versus Rs 620 crore.
- NII up 14% to Rs 2,886 crore versus Rs 2,533 crore.
- Operating profit up 16.1% to Rs 1,872 crore versus Rs 1,613 crore.
- Gross NPA at 1.96% versus 2.08% (QoQ).
- Net NPA at 0.18% versus 0.25% (QoQ).
- Provisions at Rs 808 crore versus Rs 588 crore. (YoY)
- Provisions at Rs 808 crore versus Rs 235 crore. (QoQ)
Q2 Results Live: Project Arohan Adds Over 1 Lakh Outlets, 1,000 Distribution Points
- Under Project Arohan, Bajaj Consumer added more than 1 lakh retail outlets and over 1,000 distribution points.
- The company also added more than 600 van routes while expanding direct reach and reducing fixed sales and distribution costs.
- Management said it will now move to Arohan 2.0, targeting another expansion in direct distribution over the next six quarters.
Q2 Results Live: Bajaj Consumer Says 2-3% Volume Growth Driven By Distribution Expansion
- Management said around 2-3 percentage points of volume growth is being driven by distribution expansion initiatives.
- The company believes it still has significant headroom to increase direct distribution and intends to continue investing in reach expansion.
- Bajaj Consumer said it currently operates at a direct-distribution index well below larger peers, providing growth opportunities.
Q2 Results Live: Polycab India's Q2 Profit Jumps 43%; Revenue Nears Rs 10,000 Crore
Polycab India Ltd.
%
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Polycab India reported Q2 consolidated net profit of Rs 977 crore, up 42.6% YoY from Rs 686 crore.
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Revenue surged 52.8% YoY to Rs 9,899 crore from Rs 6,477 crore, driven by strong growth across businesses.
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EBITDA rose 39.4% YoY to Rs 1,423 crore from Rs 1,021 crore.
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EBITDA margin stood at 14.4%, compared with 15.8% in the year-ago quarter.
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The company delivered robust double-digit growth in revenue, operating profit and net profit, although margins moderated on a year-on-year basis.
Q2 Results Live: Indian Bank Other Income Surges; Provisions Rise
- Other income increased to Rs 3,953 crore from Rs 2,487 crore a year ago.
- Provisions stood at Rs 2,222 crore, compared with Rs 739 crore in the year-ago quarter and Rs 1,196 crore in Q1 FY27.
- Despite higher provisioning, the bank reported double-digit growth in profit and strong operating performance.
Q2 Results Live: Indian Bank Asset Quality Improves Further
- Gross NPA improved to 1.61% from 1.86% in the previous quarter.
- Net NPA eased to 0.14% from 0.15% QoQ.
- The lender continued to witness improvement in key asset-quality metrics during the quarter.
Q2 Results Live: Indian Bank Q2 Profit Rises 15%; NII Grows 18%
The South Indian Bank Ltd.
%
- Indian Bank reported Q2 net profit of Rs 3,462 crore, up 14.7% YoY from Rs 3,018 crore.
- Net Interest Income (NII) rose 18% YoY to Rs 7,719 crore from Rs 6,551 crore.
- Operating profit jumped 47% YoY to Rs 7,090 crore from Rs 4,836 crore.
Q2 Results Live: Almond Drops Hair Oil Continues To Deliver Double-Digit Volume Growth
- Almond Drops Hair Oil delivered double-digit unit volume growth in Q2 across pack sizes and channels.
- Growth was led by small and medium-sized packs, which outperformed the overall brand.
- Management said a new brand positioning and 360-degree marketing campaign has been rolled out to further strengthen the franchise.
Q2 Results Live: Bajaj Consumer Targets High-Teen Growth In FY27
- Bajaj Consumer Care said it continues to target high-teen growth in FY27, while maintaining its long-term aspiration of delivering double-digit growth.
- Managing Director Naveen Pandey said the company's growth aspirations remain unchanged despite commodity inflation and a volatile operating environment.
Q2 Results Live: Macquarie Maintains Outperform On Groww; Says Investment Thesis Remains Intact
- Macquarie maintained its Outperform rating on Groww with a target price of Rs 260.
- The brokerage described Q2 as a steady quarter, with a slight earnings beat driven by MTF and credit businesses.
- Macquarie noted that customer acquisition costs declined due to the absence of IPL-related marketing spending during the quarter.
- The brokerage added that market share trends remained largely stable across segments, while its broader investment thesis on the company remains unchanged.
Q2 Results Live: Nestle India Says Double-Digit Volume Growth Drove Sales; Flags Food Inflation
Nestle India Ltd.
%
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Nestle India CMD Manish Tiwary said total sales grew 20.5%, driven by double-digit volume growth during Q2 FY27.
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The company said rising inflation, particularly in food, remains a reality, underscoring ongoing cost pressures across the consumer sector.
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CMD Tiwary said food safety and quality remain the foundation of consumer trust, highlighting the company's continued focus on product standards and brand strength.
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Confectionary products recorded double-digit volume growth
Q2 Results Live: Nestle India Q2 Profit Jumps 36%; Margins Expand
Nestle India Ltd.
%
- Nestle India reported Q2 net profit of Rs 1,027 crore, up 36.4% YoY from Rs 753 crore.
- Revenue rose 20.3% YoY to Rs 6,788 crore from Rs 5,644 crore.
- EBITDA increased 31% YoY to Rs 1,615 crore from Rs 1,232 crore.
- EBITDA margin expanded to 23.8% from 21.8% in the year-ago quarter.
- The company also exceeded Street estimates, with profit at Rs 1,027 crore versus estimate of Rs 1,008 crore, revenue at Rs 6,788 crore versus Rs 6,758 crore estimate, and EBITDA at Rs 1,615 crore versus Rs 1,574 crore estimate.
Q2 Results Live: Nestle India Q2 Beats Estimates
Nestle India Ltd.
%
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Nestle India reported Q2 net profit of Rs 1,027 crore, ahead of the Street estimate of Rs 1,008 crore.
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Revenue came in at Rs 6,788 crore, compared with analyst estimates of Rs 6,758 crore.
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EBITDA stood at Rs 1,614 crore, surpassing the estimate of Rs 1,574 crore.
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The consumer goods major delivered a beat across key operating metrics, with revenue, profitability and operating performance all coming in above market expectations.
Q2 Results Live: Jefferies Reiterates Buy On Groww; Sees New Growth Drivers Emerging
Billionbrains Garage Ventures Ltd
%
- Jefferies maintained its Buy rating on Groww with a target price of Rs 240.
- The brokerage said Q2 results beat expectations, led by better realisations, higher cash-equity revenue and lower operating expenses.
- Jefferies highlighted that revenue diversification continued, with options revenue contributing less than half of overall revenue.
- The brokerage said the rollout of US stocks could add around 9% to FY28 PAT, while resolution of CAS-related issues by SEBI could accelerate earnings growth in Q3.
Q2 Results Live: Kotak Maintains Buy On Groww; Says Revenue Diversification Driving Earnings
Billionbrains Garage Ventures Ltd
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- Kotak Securities maintained its Buy rating on Groww with a target price of Rs 245.
- The brokerage said the earnings surprise was driven by diverse revenue streams and lower costs.
- Kotak noted that while CAS weighed on derivatives revenue, growth in margin trading funding (MTF) and commodities helped offset the impact.
- The brokerage added that platform metrics continue to reinforce its positive stance on the stock.
Q2 Results Live: JPMorgan Upgrades Tata Technologies To Neutral, Raises Target Price
- JPMorgan upgraded Tata Technologies to Neutral from Underweight and raised its target price to Rs 660 from Rs 545.
- The brokerage said services revenue beat expectations, while margins were weaker than anticipated.
- JPMorgan noted that Tata Technologies has maintained its strong double-digit FY27 organic growth guidance and expects margins to improve from current levels going forward.
Q2 Results Live: BMW TechWorks JV Profit Rises 20%; Company Maintains Double-Digit Growth Guidance
- Tata Technologies said its BMW TechWorks joint venture reported share of profit of Rs 11.4 crore, up 20% QoQ.
- Management maintained its guidance of strong double-digit organic revenue growth for FY27 despite current macro challenges.
- Investors will continue to monitor execution of large programmes, recovery in the technology segment and margin trajectory over the coming quarters.
Q2 Results Live: Tata Technologies Wins $138 Million Auto Programme; Aerospace Seen As Long-Term Growth Driver
- Tata Technologies secured a $138 million full-vehicle programme from a luxury European automotive OEM during the quarter.
- The company expects contributions from the project to start from H2 FY27.
- Management also said aerospace is emerging as an important long-term growth opportunity, with potential benefits expected from FY28 onwards.
- Demand in the ES-Tec business remains weak, with management expecting further softness in Q3 before stabilisation in 2027.
Q2 Results Live: Tata Technologies Margins Impacted By Salary Hikes; Q3 Improvement Expected
- EBIT declined 1.2% QoQ to Rs 219 crore from Rs 222 crore.
- EBIT margin contracted to 12.9% from 13.3% in Q1 FY27, impacted by approximately 100 basis points of salary-hike-related pressure.
- Despite a seasonally softer quarter ahead, management expects margin expansion in Q3 FY27.
- Net profit fell 5.2% QoQ to Rs 171 crore from Rs 181 crore.
Q2 Results Live: Tata Technologies Services Business Beats Expectations Despite Overall Margin Pressure
Tata Technologies Ltd
%
- Tata Technologies reported a mixed Q2 FY27 performance, with revenue rising 2% QoQ to Rs 1,699 crore from Rs 1,665 crore.
- The company's services revenue grew 4.3% QoQ in constant currency terms, outperforming overall revenue growth.
- Management said the company continues to navigate near-term challenges across certain customer segments and geographies.
Q2 Results Live: Tech Mahindra Buzzing In Trade Ahead Of Earnings
Tech Mahindra shares were in demand ahead of Q2 results. The stock was last trading 3.2% higher
Q2 Results Live: Nestle Slips Ahead Of Earnings
Nestle shares were trading under pressure ahead of September quarter earnings.
Q2 Results Live: Nagarro Integration, FY31 Growth Roadmap Key Monitorables
- Investors will closely track management commentary on the Nagarro acquisition integration plan and any additional funding requirements.
- The Street will also look for updates on Persistent Systems' roadmap to achieve $5 billion in revenue by FY31.
- Commentary on AI-led demand, large-deal wins and margin sustainability will remain key focus areas during the earnings call.
Q2 Results Live: Margins Seen Under Pressure Amid Wage Hikes, Investments
- EBIT is expected to increase 3.6% QoQ to Rs 711 crore from Rs 687 crore.
- However, EBIT margin is expected to decline to 15.59% from 15.96%, a contraction of 38 basis points.
- Wage hikes and ongoing investments are expected to weigh on margins during the quarter.
Q2 Results Live: Large Deal Ramp-Up In Hi-Tech Vertical To Drive Growth
- Persistent Systems is expected to deliver constant-currency revenue growth of 6.5%-7.5% QoQ.
- Growth is likely to be driven by the ramp-up of large deals won in the Hi-Tech vertical.
- Investors will watch management commentary on demand trends, deal conversions and growth visibility across key client segments.
Q2 Results Live: Persistent Systems Q2 Revenue, Profit Seen Growing Strongly
- Persistent Systems is expected to report Q2 revenue of Rs 4,564 crore, up 6.1% QoQ from Rs 4,303 crore.
- Net profit is estimated to rise 15.5% QoQ to Rs 558 crore from Rs 483 crore.
- Analysts expect the company's growth momentum to remain among the strongest in the IT sector during the quarter.
Q2 Results Live: Deal Wins, Telco Recovery And AI Commentary Key Monitorables For Tech Mahindra
- Investors will closely track performance of the communications and telecom business, with deal ramp-ups expected to support growth.
- Street estimates place quarterly deal TCV in the range of $800 million to $1 billion.
- Key areas to watch include management commentary on AI adoption, the impact of the Middle East conflict, demand visibility beyond FY27 and the sustainability of the margin expansion trajectory.
- Analysts will also look for updates on large-deal conversion and enterprise technology spending trends.
Q2 Results Live: Tech Mahindra Seen Delivering Another Quarter Of Margin Expansion
- Analysts expect constant-currency revenue growth of 1.5%-1.7% QoQ for Tech Mahindra in Q2.
- Margins are expected to expand by around 10 basis points QoQ despite wage hikes, aided by benefits from the company's Project Fortius initiative.
- If estimates hold, Tech Mahindra would deliver its 12th consecutive quarter of margin expansion, extending a streak that has seen EBIT margins improve from 9.6% in Q2 FY25 to over 14.5% currently.
- Management has previously guided for margins to move above 15% by Q4 FY27.
Q2 Results Live: Tech Mahindra Q2 Profit Seen Rising 14%; Revenue Growth Expected To Remain Steady
Tech Mahindra Ltd.
%
- Tech Mahindra is expected to report Q2 revenue of Rs 15,975 crore, up 1.7% QoQ from Rs 15,712 crore.
- EBIT is estimated to increase 2.5% QoQ to Rs 2,319 crore, while net profit is expected to rise 14.4% QoQ to Rs 1,677 crore from Rs 1,465 crore.
- EBIT margin is expected at 14.52%, compared with 14.41% in the previous quarter.
Q2 Results Live: HDFC Life VNB Margin Seen At 25% In Q2
- Annualised Premium Equivalent (APE) is estimated at Rs 4,622 crore, up 10.3% YoY from Rs 4,188 crore.
- VNB margin is expected at around 25%, reflecting a marginal improvement over the year-ago period.
- Investors will closely watch management commentary on bancassurance trends, product mix and demand outlook for the second half of FY27.
Q2 Results Live: HDFC Life VNB Seen Rising 15% On Favorable Product Mix
- Value of New Business (VNB) is estimated at Rs 1,156 crore, compared with Rs 1,009 crore a year ago, implying 14.5% YoY growth.
- The company's product mix is expected to remain favorable, supporting profitability despite moderating growth.
- Protection, annuity and non-par products are expected to remain key contributors to VNB growth.
Q2 Results Live: HDFC Life's APE Growth Seen At 8-10% In Q2
- HDFC Life Insurance is expected to report APE growth of 8-10% YoY in Q2 FY27, lower than the momentum seen in Q1.
- Growth is likely to be impacted by weaker performance in the bancassurance channel, while retail APE growth is expected to remain moderate.
- Analysts expect non-par savings, annuity and protection products to outperform ULIPs during the quarter.
Q2 Results Live: Nestle India's Margin Seen Expanding; Coffee Costs Key Monitorable
Nestle India Ltd.
%
- EBITDA is expected to rise 27.2% YoY to Rs 1,574 crore from Rs 1,237 crore.
- EBITDA margin is estimated at 23.3%, compared with 21.9% a year ago.
- Key factors to watch include rural versus urban demand trends, competitive intensity across categories, coffee price movements, and the impact of fuel costs on operating margins.
Q2 Results Live: Confectionery, Beverages Seen Leading Nestle India's Q2 Growth
Nestle India Ltd.
%
- Analysts expect volume growth of 12-15% in Q2 FY27, supported by steady consumer demand.
- Confectionery and beverages are expected to be the key growth drivers, aided by strong traction from quick-commerce channels.
- Domestic business growth is likely to be supported by a combination of volume expansion and price-led growth, while the international business is also expected to remain resilient.
Q2 Results Live: Nestle India Q2 Profit Seen Rising 34%; Revenue Growth Expected Near 20%
Nestle India Ltd.
%
- Nestle India is expected to report Q2 FY27 revenue of Rs 6,758 crore, up 19.7% YoY.
- Profit after tax is estimated at Rs 1,008 crore, reflecting 33.8% YoY growth.
- The strong performance is expected to be driven by healthy demand trends, premiumisation and growth across key product categories.
Q2 Results Live: Hathway Cable Profit Drops 44% Despite Revenue Growth
- Hathway Cable & Datacom reported Q2 net profit of Rs 10.2 crore, down 44.1% YoY.
- Revenue rose 5.7% YoY to Rs 567.5 crore.
- EBITDA declined 27.4% YoY to Rs 58.7 crore.
- EBITDA margin fell to 10.4% from 15.1%.
Q2 Results Live: MRPL Q2 Profit Doubles Sequentially; Margins Improve Sharply
- MRPL reported Q2 net profit of Rs 1,901 crore, compared with Rs 946 crore in Q1.
- Revenue declined 15.1% QoQ to Rs 32,516 crore.
- EBITDA rose to Rs 3,279 crore from Rs 1,317 crore.
- EBITDA margin improved to 10.1% from 3.4%.
- The company reported a one-time loss of Rs 119 crore versus a gain of Rs 472 crore in Q1.
Q2 Results Live: ICICI Lombard Q2 Profit Rises 15%; Announces Interim Dividend
- ICICI Lombard General Insurance reported Q2 net profit of Rs 946 crore, up 15.4% YoY from Rs 820 crore.
- Net premium earned rose 17.7% YoY to Rs 6,652 crore from Rs 5,652 crore.
- The company declared an interim dividend of Rs 7 per share.
Q2 Results Live: Emmvee Photovoltaic Q2 Profit Surges 61%
- Emmvee Photovoltaic reported Q2 net profit of Rs 382 crore, up 60.5% YoY.
- Revenue increased 39.3% YoY to Rs 1,576 crore.
- EBITDA rose 39.3% YoY to Rs 556 crore.
- EBITDA margin remained flat at 35.3%.
Q2 Results Live: Bajaj Consumer Profit Jumps 66%; Margin Expands
- Bajaj Consumer Care reported Q2 net profit of Rs 70.2 crore, up 65.9% YoY from Rs 42.3 crore.
- Revenue rose 25.5% YoY to Rs 333 crore.
- EBITDA increased 72.1% YoY to Rs 82.3 crore.
- EBITDA margin improved to 24.7% from 18%.
Q2 Results Live: Tata Technologies Q2 Profit Slips Sequentially
- Tata Technologies reported Q2 net profit of Rs 171 crore, down 5.2% QoQ from Rs 181 crore.
- Revenue rose 2% QoQ to Rs 1,699 crore from Rs 1,665 crore.
- EBIT declined 1.2% QoQ to Rs 219 crore.
- EBIT margin stood at 12.9% versus 13.3% in Q1.
Q2 Results Live: HDB Financial Services Q2 Profit Rises 34%; Declares Interim Dividend
- HDB Financial Services reported Q2 net profit of Rs 780 crore, up 34.3% YoY from Rs 581 crore.
- Revenue increased 10.1% YoY to Rs 5,005 crore from Rs 4,545 crore.
- The company declared an interim dividend of Rs 2 per share.
Q2 Results Live: BHEL Q2 Profit More Than Doubles To Rs 821 Crore
- BHEL reported Q2 net profit of Rs 821 crore, compared with Rs 375 crore a year ago.
- Revenue rose 23.8% YoY to Rs 9,300 crore from Rs 7,512 crore.
- EBITDA increased 76.7% YoY to Rs 1,026 crore from Rs 581 crore.
- EBITDA margin expanded to 11% from 7.7%.
Q2 Results Live: Welcome To The Live Coverage Of September Quarter Earnings
As many as 48 companies are scheduled to announce their Q2 FY27 earnings today, October 15. Wipro, Tech Mahindra, Nestle India, Polycab India, HDFC Asset Management Company, HDFC Life Insurance, Angel One and Jio Financial Services will be among the key companies in focus.
Investors can track quarterly performance, management commentary and earnings outlook for cues on stock-specific action and broader market sentiment here.
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