Q2 Results Live: Pfizer's One-Time Gain Lifts Profit; SBI Asset Quality Improves; Solar Industries Profit Zooms 79%

Dhoot Transmission (Q2 FY27, Consolidated, YoY)

• Net profit down 0.3% to Rs 117.8 crore from Rs 118.2 crore.
• Revenue up 60.7% to Rs 1,827 crore from Rs 1,137 crore.
• EBITDA up 31.2% to Rs 261.7 crore from Rs 199.5 crore.
• EBITDA margin at 14.3% versus 17.5% YoY.

Minda Corporation (Q2 FY27, Consolidated, YoY)

• Net profit up 68.2% to Rs 143 crore from Rs 85 crore.
• Revenue up 42.6% to Rs 2,189 crore from Rs 1,535 crore.
• EBITDA up 45.2% to Rs 257 crore from Rs 177 crore.
• EBITDA margin at 11.7% versus 11.5% YoY.

All right folks, that's it from my end, my colleague Riya will take you through earnings updates for the rest of the day!

BLS International Services (Q2, Consolidated YoY)

• Net profit up 6.3% to Rs 186.3 crore versus Rs 175.2 crore.
• Revenue up 32.1% to Rs 973 crore versus Rs 737 crore.
• Ebitda up 16.6% to Rs 248.1 crore versus Rs 212.7 crore.
• Margin at 25.5% versus 28.9%.

Mahanagar Gas (Q2, QoQ)

• Net profit down 29.4% to Rs 137 crore versus Rs 194 crore.
• Revenue up 7% to Rs 2,537 crore versus Rs 2,372 crore.
• Ebitda down 11.2% to Rs 304.7 crore versus Rs 343 crore.
• Margin at 12% versus 14.5%.

Hikal (Q2, Consolidated YoY)

• Net loss at Rs 6.1 crore versus loss of Rs 34.9 crore.
• Revenue up 36.3% to Rs 434 crore versus Rs 319 crore.
• Ebitda at Rs 44.9 crore versus Rs 7.2 crore.
• Margin at 10.3% versus 2.3%.

Pfizer (Q2, YoY)

• Net profit up 65.8% to Rs 313.3 crore versus Rs 189 crore.
• Revenue up 13.2% to Rs 726.9 crore versus Rs 642.3 crore.
• Ebitda up 13.6% to Rs 261.3 crore versus Rs 229.9 crore.
• Margin at 35.9% versus 35.8%.
• Reported a one-time gain of Rs 132 crore in Q2.

Gujarat Fluorochemicals (Q2, Consolidated YoY)

• Net profit up 43.8% to Rs 243 crore versus Rs 169 crore.
• Revenue up 45.5% to Rs 1,760 crore versus Rs 1,210 crore.
• Ebitda up 32.1% to Rs 473 crore versus Rs 358 crore.
• Margin at 26.9% versus 29.6%.

Solar Industries India (Q2, Consolidated YoY)

• Net profit up 78.9% to Rs 617 crore versus Rs 345 crore.
• Revenue up 69% to Rs 3,519 crore versus Rs 2,082 crore.
• Ebitda up 81.9% to Rs 1,006 crore versus Rs 553 crore.
• Margin at 28.6% versus 26.5%.

Yatharth Hospital & Trauma Care Services (Q2, Consolidated YoY)

• Net profit up 22.8% to Rs 50.6 crore versus Rs 41.2 crore.
• Revenue up 52.4% to Rs 431.4 crore versus Rs 283 crore.
• Ebitda up 49.6% to Rs 102 crore versus Rs 68.2 crore.
• Margin at 23.6% versus 24.1%.

Ajmera Realty & Infra India (Q2, Consolidated YoY)

• Net profit up 55.4% to Rs 48.5 crore versus Rs 31.2 crore.
• Revenue up 44.7% to Rs 317 crore versus Rs 219 crore.
• Ebitda up 40.7% to Rs 81.6 crore versus Rs 58 crore.
• Margin at 25.7% versus 26.5%.

State Bank of India (Q2FY27)

• Operating profit down 1.4% to Rs 26,937 crore versus Rs 27,311 crore.
• Slippage ratio at 0.50%.
• Domestic NIM at 3.11%.

The State Bank of India posted an exceptional gain of Rs 7,288 crore in the quarter under review. Net profit rose 14.3% to Rs 23,038 crore versus Rs 20,160 crore in the year-ago period.

State Bank of India (Q2FY27)

• Provisions at Rs 4,217 crore versus Rs 5,400 crore. (YoY)
• Provisions at Rs 4,217 crore versus Rs 5,047 crore. (QoQ)

State Bank of India (Q2, YoY)

• Net profit up 14.3% to Rs 23,038 crore versus Rs 20,160 crore. (Estimate: Rs 22,619 crore)
• Gross NPA at 1.39% versus 1.47% (QoQ). (Estimate: 1.45%)
• Net NPA at 0.36% versus 0.38% (QoQ). (Estimate: 0.37%)

Emcure Pharmaceuticals (Q2, Consolidated YoY)

• Net profit up 33.7% to Rs 326 crore versus Rs 244 crore.
• Revenue up 24.2% to Rs 2,820 crore versus Rs 2,270 crore.
• Ebitda up 23.5% to Rs 587.3 crore versus Rs 475.4 crore.
• Margin at 20.8% versus 20.9%.

Asahi India Glass (Q2, Consolidated YoY)

• Net profit at Rs 167.3 crore versus Rs 56.6 crore.
• Revenue up 37.8% to Rs 1,586 crore versus Rs 1,151 crore.
• Ebitda up 84% to Rs 346.2 crore versus Rs 188.2 crore.
• Margin at 21.8% versus 16.3%.

Alkyl Amines Chemicals (Q2, YoY)

• Net profit up 52% to Rs 65.2 crore versus Rs 42.9 crore.
• Revenue up 26.1% to Rs 491 crore versus Rs 389 crore.
• Ebitda up 39.2% to Rs 97.7 crore versus Rs 70.2 crore.
• Margin at 19.9% versus 18%.

Deep Industries (Q2, Consolidated YoY)

• Net profit up 13.5% to Rs 76.5 crore versus Rs 67.4 crore.
• Revenue up 33.7% to Rs 295.4 crore versus Rs 221 crore.
• Ebitda up 16% to Rs 106.3 crore versus Rs 91.6 crore.
• Margin at 35.98% versus 41.44%.

Prince Pipes and Fittings (Q2, Consolidated YoY)

• Net profit at Rs 47.76 crore versus Rs 14.6 crore.
• Revenue up 38.1% to Rs 821 crore versus Rs 595 crore.
• Ebitda up 82.4% to Rs 101 crore versus Rs 55.1 crore.
• Margin at 12.2% versus 9.3%.

AIA Engineering (Q2, Consolidated YoY)

• Net profit down 10% to Rs 250 crore versus Rs 277 crore.
• Revenue up 6.2% to Rs 1,113 crore versus Rs 1,048 crore.
• Ebitda down 4.7% to Rs 283 crore versus Rs 297 crore.
• Margin at 25.4% versus 28.3%.

Diamond Power Infrastructure (Q2, Consolidated YoY)

• Net profit at Rs 108 crore versus Rs 24 crore.
• Revenue at Rs 1,032 crore versus Rs 438 crore.
• Ebitda at Rs 115 crore versus Rs 45.9 crore.
• Margin at 11.2% versus 10.5%.
• Received in-principle approval for a capex plan of Rs 170 crore.

Bajaj Finserv (Q2, Consolidated YoY)

• Net profit up 22.9% to Rs 2,758 crore versus Rs 2,244 crore.
• Total income up 16.7% to Rs 43,416 crore versus Rs 37,215 crore.

Zydus Wellness (Q2, Consolidated YoY)

• Net profit at Rs 5.1 crore versus loss of Rs 52.8 crore.
• Revenue up 73.2% to Rs 1,127 crore versus Rs 651 crore.
• Ebitda at Rs 85.4 crore versus Rs 23 crore.
• Margin at 7.6% versus 3.5%.

Jain Resource Recycling (Q2, Consolidated YoY)

• Net profit down 8.1% to Rs 90.6 crore versus Rs 98.6 crore.
• Revenue up 57.9% to Rs 3,337 crore versus Rs 2,114 crore.
• Ebitda down 13.2% to Rs 139 crore versus Rs 160 crore.
• Margin at 4.2% versus 7.6%.

Jyoti CNC Automation (Q2, Consolidated YoY)

• Net profit down 15.1% to Rs 72.6 crore versus Rs 85.5 crore.
• Revenue up 18.5% to Rs 602 crore versus Rs 508 crore.
• Ebitda up 5.4% to Rs 131 crore versus Rs 125 crore.
• Margin at 21.8% versus 24.5%.

State Bank of India's September-quarter earnings are expected to reflect strong business momentum, supported by healthy credit growth and robust deposit accretion.

Deposit growth is likely to remain healthy, aided by FCNR(B) mobilisation, while loan growth is expected to stay resilient across segments. Net interest income is projected to rise 13% year-on-year to Rs 48,570 crore, while profit is estimated to increase 12.2% to Rs 22,619 crore.

Despite pressure on the industry's margins amid changing rate dynamics, SBI's net interest margin is expected to remain broadly stable at 2.89%. Asset quality is also expected to strengthen, with both gross and net NPA ratios likely to improve on a sequential basis.

Key monitorables for investors will include margin trends, the rollout and impact of the Expected Credit Loss (ECL) framework, the deployment of FCNR(B) deposits and management commentary on growth and profitability for the second half of the fiscal year.

Happiest Minds Technologies (Q2, Consolidated QoQ)

• Net profit down 8% to Rs 62.2 crore versus Rs 67.6 crore.
• Revenue up 2.7% to Rs 645 crore versus Rs 629 crore.
• EBIT up 3% to Rs 97.81 crore versus Rs 94.97 crore.
• EBIT margin at 15.2% versus 15.1%.
• Board declared interim dividend of Rs 3.05/share for FY27.
• Fixed Nov. 6 as the record date for the interim dividend.

State Bank of India could receive a one-time boost in the September quarter from gains arising out of its stake sale in the National Stock Exchange, according to analysts.

While the bank is expected to post steady operational performance, the one-off gains may be used to strengthen provisioning buffers rather than significantly boost reported profitability. Treasury income, meanwhile, may remain subdued due to elevated bond yields during the quarter.

SBI is estimated to report net profit of Rs 22,619 crore and NII of Rs 48,570 crore for the quarter. Credit costs are expected to remain under control, while asset quality is likely to improve sequentially.

State Bank of India is expected to report a healthy set of numbers for the September quarter, aided by steady loan growth, robust deposit mobilisation and continued improvement in asset quality.

Net interest income (NII) is estimated to rise 13% year-on-year to Rs 48,570 crore from Rs 42,984 crore, while net profit could increase 12.2% to Rs 22,619 crore from Rs 20,160 crore a year ago. Pre-provision operating profit (PPOP) is seen growing nearly 7% to Rs 34,122 crore.

Margins are expected to remain broadly stable, with net interest margin (NIM) estimated at 2.89%, up 3 basis points sequentially but down 8 basis points from a year ago. Investors will also watch asset quality metrics, with gross NPA ratio likely to improve to 1.45% from 1.47% in the previous quarter and net NPA ratio expected to fall to 0.37%.

Management's commentary on loan growth momentum, deposit mobilisation through FCNR(B) schemes and the impact of the ECL framework will remain key areas of focus.

Key companies slated to announce their quarterly numbers include State Bank of India (SBI), Bajaj Finserv, National Stock Exchange of India (NSE), Solar Industries India, Lupin, Multi Commodity Exchange of India (MCX), Linde India, Emcure Pharmaceuticals, Global Health, GlaxoSmithKline Pharmaceuticals, Mahanagar Gas, Bata India, SKF India, Metropolis Healthcare, Endurance Technologies, AIA Engineering, Gujarat Fluorochemicals, Asahi India Glass, Chambal Fertilisers and Chemicals, Bayer CropScience, BLS International Services, V-Mart Retail and Awfis Space Solutions.

Greetings corporate cutlets! Another bustling day of earnings awaits you, with major players like State Bank of India and National Stock Exchange on the centre stage. 

Stay tuned with our live coverage of all things earnings.