FY27 GUIDANCE
Cupid shares rally 8% after Q2 net profit jumps 133% YoY; company raises FY27-FY29 guidance
Cupid shares surged 7.75% to Rs 381.40, hitting a 52-week high after Q2FY27 net profit jumped 133% and revenue rose 122% year-on-year. The company raised FY27–FY29 financial guidance, supported by strong domestic and international demand, expanding retail distribution, new manufacturing capacity and increased promoter and institutional shareholding.
Dabur hints calibrated price hikes amid inflation, focus on cost optimisation to protect margins
The company is navigating an inflationary environment, with rising crude oil prices amid the West Asia conflict adding to cost pressures across the supply chain, said Dabur India CEO (India Business) Herjit Bhalla during the post-earnings investor call last week.
Q2 Earnings Scorecard: Which sectors outperformed and which fell behind?
The September quarter results indicate strong revenue and profit growth in sectors like automobiles and banking. In contrast, sectors such as IT and pharmaceuticals showed weakness amid inflationary pressures. Automobile sector leaders like Maruti Suzuki and Bajaj Auto reported significant growth in sales and exports. L&T's orders surged, while the cement sector faced challenges with fluctuating prices.
Godrej Properties to launch Rs 32,000 cr homes H2 FY27 amid strong housing demand
Godrej Properties intends to launch residential projects worth Rs 32,000 crore in the upcoming fiscal year. The company aims to double its previous fiscal launches in response to strong housing demand. Sales bookings are expected to rise by 22 percent to reach a record Rs 41,500 crore this year. Despite increased expenses impacting profit levels, total income has shown growth compared to the previous year.
Shemaroo flags BARC blackout, deferred broadcaster deals amid digital growth
Shemaroo Entertainment faced challenges in its traditional media business due to BARC ratings blackout and deferred content investments. The company's digital business grew significantly, with digital revenue rising by 26% year-on-year. EBITDA loss has narrowed, indicating improvement in financial performance. Continued investments in Gujarati content remain a key focus for Shemaroo. Management remains optimistic about achieving profitability aspirations amid ongoing industry dynamics.
Saregama plans Rs 1,200 crore content spend for FY28-FY30
Saregama India plans to invest around Rs 1,200 crore in new content over FY28-FY30, assuming annual budget increases of 10%. The company expects earlier music acquisitions to drive margin expansion, while maintaining 20-23% revenue CAGR guidance for its music business. It is also expanding subscriptions, artist management and live events.
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Divi’s Laboratories shares gain another 5% after Q2 results. Here’s why Jefferies raised target price by 23%
Shares of Divi’s Laboratories jumped 5% following a 64% YoY surge in Q2 FY27 net profit to Rs 1,127 crore. Brokerage Jefferies raised its target price by 23% to Rs 12,550, citing robust CDMO business expansion, strong EBITDA margins, and a solid GLP peptide pipeline.
Divi's Labs shares jump 8% to fresh 52-week high after Q2 profit soars 64% YoY. What brokerages say after bumper results?
Divi’s Laboratories shares surged over 8% during Muhurat Trading, hitting a 52-week high after Q2 FY27 net profit jumped 64% to ₹1,127 crore. Revenue grew 35%, while brokerages differed on valuation concerns and future growth prospects.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
Glenmark Pharma Q2 Results: Net profit plunges 56% to Rs 264 crore, revenue down at Rs 4,247 cr
Glenmark Pharmaceuticals experienced a 56.78 percent drop in consolidated profit after tax during the September quarter. Total revenue from operations decreased to Rs 4,247.32 crore compared to the previous year. The company's total expenses also decreased during the same period, indicating some operational efficiency. A subsidiary of Glenmark Pharma entered into a settlement for USD 15 million with Humana Inc.
LG Electronics India enters automotive solutions business, plans manufacturing in Andhra Pradesh
LG Electronics India has received board approval to expand into automotive technology and manufacture vehicle solutions. The company plans to develop a range of products including infotainment, telematics, and advanced driver assistance systems. LG Electronics India will invest in phases based on market conditions and technological requirements.
EPL Q2 Results: Profit rises 4% YoY to Rs 111 crore
EPL reported a notable 4.52% increase in net profit, reaching Rs 110.9 crore for the September quarter of FY27. With revenues from operations climbing to Rs 1,567.4 crore, a 30% year-on-year growth, the Beauty & Cosmetics and Oral Care segments played pivotal roles. Despite higher expenses, the EBITDA margins held strong above 20%. Looking forward, EPL is set to focus on sustained revenue growth and stable profit margins.
Lenskart shares rally over 10% as strong Q2 triggers target price hikes. What are Jefferies and Morgan Stanley saying?
Lenskart shares surged over 10% after the company reported a 122.1% year-on-year rise in consolidated profit to Rs 227.08 crore for the September quarter. Strong Q2 results prompted brokerages Jefferies, Morgan Stanley and Motilal Oswal to raise their target prices, citing robust revenue growth, margin expansion opportunities, competitive advantages and the company's long-term growth prospects.
Bharat Electronics shares gain 3% as Motilal raises target price after Q2; Elara Capital upgrades to Buy
Bharat Electronics shares gained after Motilal Oswal raised its price target and Elara Capital upgraded its rating to Buy. Brokerages cited strong order visibility, healthy revenue growth and margin prospects, while delays in major defence orders remain a key risk.
Emcure Pharma shares hit 10% upper circuit after FY27 guidance hike; Jefferies raises target price by 8%
Emcure Pharma shares hit a 10% upper circuit after strong Q2 FY27 results prompted the company to raise its full-year growth guidance. Brokerages turned more positive, citing robust international business, improving domestic growth and a strong product pipeline.
SBI share price target: Jefferies, Motilal, others see up to 34% upside in state lender. Buy, sell or hold?
State Bank of India has seen a remarkable 15% increase in profits year-on-year, totaling Rs 23,038 crore for the second quarter. With a loan book surpassing Rs 52 lakh crore and a 10% rise in interest income, brokerages have set optimistic Buy ratings on SBI shares, suggesting target prices between Rs 1,225 and Rs 1,350. Despite this positive outlook, management highlighted possible obstacles from macroeconomic shifts and potential treasury losses.
Marico sees sustained growth momentum, raises FY27 margin outlook
Marico experienced significant revenue and profit growth in the September quarter due to robust demand. The company's foods and premium personal care segments led this growth, supported by reduced input costs. Marico raised its Ebitda margin outlook, anticipating continued strong demand in the future. International business performance is improving in markets such as Vietnam and the Middle East, contributing to overall growth.
SBI targets 14-15 pc credit growth, govt may revisit LTCG tax amid FPI outflows: Chairman CS Setty
Speaking exclusively to following the bank's Q2 FY27 financial results presentation, Setty expressed confidence in sustaining credit growth despite concerns over rising borrowing costs and competition for deposits.
Marico shares jump 6% as strong Q2 puts growth story in overdrive, sparks bullish calls
Marico reported a 31% YoY rise in Q2 FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. Improved margins and strong volume growth prompted brokerages Jefferies, Systematix and Dolat Capital to maintain or upgrade Buy ratings and raise target prices, signalling optimism about growth prospects.
SaaS firm Capillary Technologies’ Q2 profit at Rs 21.9 crore, revenue rises 51%
Adjusted Ebitda (earnings before interest, tax, depreciation, and amortisation) rose 103% year-on-year (YoY) to Rs 44.9 crore, while adjusted Ebitda margin grew to 17% from 12% a year prior. SessionM, the US-based loyalty platform acquired from Mastercard in May, achieved breakeven during the quarter, Capillary said.
Bank of Baroda shares jump 5% after Q2 net profit rises 36%. What Nomura and other brokerages saying?
Bank of Baroda reported a 36% year-on-year rise in Q2 FY27 net profit, aided by gains from the NSE stake sale. Brokerages maintained mixed ratings, with target prices ranging from Rs 260 to Rs 285 per share.
Lodha Developers rides housing boom in Q2, but keeps one eye on a bigger threat
Lodha Developers experienced a 10% rise in sales bookings, reaching Rs 5,037 crore in the second quarter. The company's pre-sales for the first half of the fiscal grew by 7% to Rs 9,670 crore. Lodha has set an ambitious target of Rs 24,000 crore in sales bookings for the current fiscal year. The company also reported a net profit increase of 28% to Rs 1,013.5 crore for the quarter.
Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter
Lodha has announced a remarkable 63% surge in net profit, reaching ₹2,386 crore for the first half of FY27. This growth is driven by impressive operational performance, with net profit for the September quarter rising by 28% to ₹1,013 crore and revenue climbing 18% to ₹4,468 crore. The company’s pre-sales also saw a 10% increase to ₹5,037 crore, alongside plans for expansion in NCR and Bengaluru.
Smartworks raises FY27 revenue growth guidance to 35% after Q2 revenue jumps
Smartworks reported a revenue increase of 39% year-on-year during the July-September quarter. The company has raised its revenue growth guidance for FY27 to 33–35%. It continues to expand its contracted rental revenue to Rs 5,800 crore across 71 centers. Demand from enterprise clients remains strong, contributing 91% of the rental revenue. The company is focused on adding more campuses in prime locations to support client growth.
Q2 earnings upgrades hold above 50%, says Jefferies. Is the profit cycle turning?
India’s Q2 FY27 earnings show signs of resilience, with Jefferies reporting that 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, while 41% saw downgrades and 9% remained unchanged. The share of companies beating expectations rose to 56% from 52% in the previous quarter, though the recovery remains uneven across sectors.
Adani Ports shares rise 3% after Q2 results. Why did Jefferies and Nomura raise target prices?
Adani Ports shares rose after the company reported strong Q2 FY27 earnings and raised its full-year guidance. Jefferies and Nomura increased their target prices, citing robust international port performance, higher earnings estimates and long-term growth prospects.
Adani Ports reports 18% net profit rise to Rs 3,682 crore in Q2 FY27
Adani Ports and Special Economic Zone showcased a remarkable 18% increase in consolidated net profit for the September quarter. With a year-on-year revenue surge of 24% amounting to ₹11,340.4 crore, this growth stemmed from a spike in cargo volumes. The firm has also revised upward its FY27 revenue and capital expenditure targets, attributed significantly to robust performance in domestic operations and impressive strides in international growth.
Adani Ports' global biz sprints, but home is still where the money is
Adani Ports and Special Economic Zone reported strong earnings with a rise in international port revenues. International ports revenue increased 71% year-on-year, while domestic ports revenues still accounted for higher overall earnings. CEO Ashwani Gupta highlighted the balance between domestic and international growth drivers. The company is raising its revenue and EBITDA guidance based on strong first-half performance.
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%
Adani Ports Q2 Results: Adani Ports reported a 17% year-on-year rise in Q2 FY27 net profit to Rs 3,622 crore, while revenue grew 24% to Rs 11,340 crore. The company raised its FY27 revenue and EBITDA guidance by Rs 1,000 crore each and increased its capex guidance by Rs 3,000 crore, citing strong first-half performance.
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