Q2 Results Today LIVE: Indian Overseas Bank PAT Jumps 56% To Rs 1,912 Crore, APL Apollo Tubes Net Profit Rises 27% YoY

Indian Overseas Bank share price jumped over 4% after the announcement of Q2 results.

Indian Overseas Bank Q2 Results: 

• Net Profit jumps 56% To Rs 1,912 crore from Rs 1,226 crore YoY
• NII rises 26.4% to Rs 3,867 crore from Rs 3,059 crore YoY
• Operating Profit grows 25.7% to Rs 3,016 crore from Rs 2,400 crore YoY
• Gross NPA falls to 1.19% from 1.33% QoQ
• Net NPA drops to 0.16% from 0.18% QoQ
• Provisions At Rs 950 crore Vs Rs 672 crore YoY Vs Rs 834 crore QoQ

The board of directors of APL Apollo Tubes approved the acquisition of an additional 31% equity stake, comprising 15,500 equity shares of Rs 10 each, in SG Enterprise Solutions Private Limited (SSC) for an aggregate cash consideration of Rs 1,55,000.

Upon completion of the acquisition, the company’s equity shareholding in SSC will increase from 20% to 51%, consequent to which SSC will become a subsidiary of the company.

APL Apollo Tubes Q2 Results (YoY): 

• Net Profit rises 26.8% to Rs 382 crore from Rs 302 crore
• Revenue up 26.6% at Rs 7,002 crore from Rs 5,531 crore
• EBITDA grows 29.3% to Rs 578 crore from Rs 447 crore
• EBITDA margin at 8.3% versus 8.1%
   

Yes Securities expects Paytm’s net profit to jump 25% QoQ to Rs 274.8 crore, while its revenue to grow 5.2% QoQ to Rs 2,575 crore. It assumes 6.0% QoQ growth in Payments Services Revenue and 6.0% QoQ growth in Financial Services and Others. EBITDA is expected to rise 23.3% sequentially to Rs 2,503 crore. EBITDA margin (excl Other Income and before ESOP cost) is seen at 9.7%, an expansion of 143 bps QoQ.

It forecasts Payment Processing Charges (PPC) as a proportion of Payments Revenue to be at 55.0%, a metric that was 57.4% in 1QFY27.

Paytm is expected to report revenue growth of 7% QoQ in Q2FY27, while its contribution margin is expected to remain steady at ~55%, according to Motilal Oswal estimates.

GMV growth is likely to remain healthy at 32% YoY, and 6% QoQ. The brokerage firm is expected to see steady addition in merchants.

Aditya Birla Real Estate, Brigade Hotel Ventures, Acevector, Aegis Logistics, Aequs, Astec Lifesciences, Sona BLW Precision Forgings, Tamilnad Mercantile Bank and WeWork India Management will also release their earnings for the second quarter of FY27 today.

A total of 98 companies are set to announce their Q2 results today. These include key names such as One 97 Communications, the parent company of fintech major Paytm, Tata Consumer Products, ITC Hotels, Indian Overseas Bank, Bank of Maharashtra, REC, Mankind Pharma, Sunteck Realty, Ather Energy, Eris Lifesciences and Nazara Technologies.