Q2 Results Live: JSW Holdings Zooms 4% As Net Profit Jumps 95% YoY To Rs 131 Crore; Asian Paints, Trent Fall Ahead Of Earnings

Goodluck India's consolidated net profit declined 23.4% year-on-year to Rs 49 crore from Rs 64 crore. Revenue rose 5.9% to Rs 1,363 crore from Rs 1,287 crore, while EBITDA fell 13.4% to Rs 116 crore from Rs 134 crore. EBITDA margin contracted to 8.5% from 10.4%.

The company has approved aerospace components as a new line of business.

Lincoln Pharmaceuticals reported a 2% year-on-year increase in net profit to Rs 20.4 crore from Rs 20 crore. Revenue rose 17% to Rs 191.3 crore from Rs 163.4 crore, while EBITDA declined 7% to Rs 23.6 crore from Rs 25.4 crore. EBITDA margin contracted to 12.3% from 15.5% a year ago.

Hero MotoCorp Concall: Hero MotoCorp expects mid-to-high single-digit sales growth in the second half of FY27, supported by demand across urban and rural markets and strong interest in premium two-wheelers. The company plans to launch three to four premium two-wheelers in H2 FY27 and expects wholesale exports to recover in Q3. Dealer inventory remains low.

Key highlights: Hero MotoCorp plans to expand its Vida manufacturing capacity to 45,000 units per month by Q4 and increase capacity for Xoom scooters. Vida operations reported a positive gross margin in Q2, with around 70% of operations receiving the production-linked incentive (PLI) benefit during the quarter. The company has PLI certification for almost its entire Vida portfolio.

Hero MotoCorp remains on track to incur capital expenditure of Rs 1,500 crore in FY27 and reiterated its commitment to an EBITDA margin range of 14-16% over the next few quarters.

JSW Holdings' net profit is estimated to rise 94.9% year-on-year to Rs 131 crore from Rs 67.2 crore, according to consensus estimates. Revenue is expected to increase 99.8% to Rs 167 crore from Rs 83.6 crore.

GMR Airports Q2 Concall: GMR Airports said lower passenger traffic led to a sequential decline in aeronautical revenue in Q2. The company reported good momentum in international traffic, while duty-free operations remained a key contributor to growth in non-aeronautical revenue. European airlines are also seeking additional slots at Delhi Airport.

Key highlights: Commercial space development at Delhi Airport is expected to be completed by March. GMR Airports expects the tariff order for Visakhapatnam Airport by January, which reported a loss of Rs 82 crore in Q2. The company noted that fare hikes could affect air traffic in major cities and international markets. Separately, GMR Power has repaid Rs 200 crore of debt and plans to repay the remaining amount by March.

Trent's standalone net profit is estimated to rise 11% year-on-year to Rs 499 crore from Rs 451 crore in Q2FY27, according to estimates. EBITDA is expected to increase 27% to Rs 1,032 crore from Rs 813 crore, while EBITDA margin may expand to 18% from 17.2%.

The company reported standalone revenue growth of 23% year-on-year to Rs 5,788 crore, accelerating from the 16-20% growth range seen over the past five quarters. Revenue growth was better than expected despite a shift in the festive season. Trent added 10 Westside and 11 Zudio stores during the quarter, taking its total store count to 1,342 as of September 30.

Key things to watch: Margin expansion, acceleration in same-store sales growth, store expansion, and management commentary on competition and cannibalisation.

Godrej Consumer Products' Q2FY27 net profit is estimated to rise around 20% year-on-year to Rs 551 crore from Rs 459 crore, according to consensus estimates. Revenue is expected to grow around 16% to Rs 4,422 crore from Rs 3,825 crore, while EBITDA may increase around 14% to Rs 835 crore from Rs 733 crore. EBITDA margin is projected at 18.9%, compared with 19.2% a year ago.

Key things to watch: The company expects broad-based growth across categories and says it will continue to prioritise volume growth despite inflationary pressures.

Godrej Consumer is confident of exceeding its full-year guidance, with consolidated revenue growth projected in the high teens, high single-digit volume growth and double-digit EBITDA growth.

The standalone business is expected to report revenue growth in the teens, high single-digit volume growth and double-digit EBITDA growth.

Internationally, Indonesia's recovery is expected to continue, with high-teen revenue growth and high single-digit volume growth, while GUAM is expected to deliver double-digit revenue and volume growth. Inventory correction will remain a key monitorable.

InterGlobe Aviation, the operator of IndiGo, is expected to report a 24% year-on-year rise in revenue to Rs 22,988 crore from Rs 18,555 crore in Q2FY27, according to estimates. EBITDA is projected to rise nearly 2.9 times to Rs 1,663 crore from Rs 580 crore, while the net loss is seen narrowing to Rs 2,063 crore from Rs 2,582 crore. Yields are expected to increase 23% to Rs 5.76 per kilometre from Rs 4.69 per kilometre.

Key things to watch: Revenue growth driven by higher fares and fuel surcharges, muted air traffic, and largely flat capacity growth. Higher fuel costs and rupee depreciation are expected to weigh on operations, with forex losses estimated at Rs 1,000-1,300 crore. Investors will track the pick-up in air traffic, the net impact of fuel prices and surcharges, the impact of the government's fuel price cap, FY27 capacity expansion guidance and updates on long-haul international operations.

Asian Paints' Q2FY27 net profit is estimated to rise 14.7% year-on-year to Rs 1,141 crore from Rs 994 crore, according to consensus estimates. Revenue is expected to grow 12.7% to Rs 9,782 crore from Rs 8,531 crore, while EBITDA may increase 11% to Rs 1,668 crore from Rs 1,503 crore. EBITDA margin is projected to decline to 17.1% from 18%.

Key things to watch: Crude oil-linked inflation and its impact on margins, price hikes and their contribution to revenue growth, demand recovery following the delayed monsoon, volume growth, competitive pressure and dealer discounts. Investors will also track the demand outlook and the sustainability of double-digit value growth.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy, Welspun Corp and Motilal Oswal Financial Services are among the key earnings announcements to watch as 140 companies report their Q2 FY27 results on Thursday, October 29.

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