FY28 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.
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.
Titan Company shares drop 3% after Q2 results. Why Emkay, Nuvama and others remain bullish
Titan shares declined despite a 54% rise in adjusted net profit for the September quarter. Strong demand for jewellery, watches, and eyewear supported performance, while brokerages remained largely positive on the stock, citing growth prospects, market-share gains, and improving margins.
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.
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.
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.
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.
NTPC shares rise 3% after Q2 results. Why Jefferies and Nuvama remain bullish
NTPC shares rose after the state-owned power major reported a 14% YoY rise in standalone net profit to Rs 5,320 crore for Q2 FY27. Revenue grew 17% to Rs 45,752 crore, while EBITDA increased 9% to Rs 10,891 crore. The company also announced an interim dividend of Rs 3 per share, with November 6 set as the record date. Brokerages maintained their Buy ratings on the stock.
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.
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.
Load More
