OLA ELECTRIC Q2 REVENUE
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
Hindustan Aeronautics Q2 Results: Profit rises 16% YoY to Rs 1,936 crore; revenue grows 15%
HAL Q2 Results: Consolidated revenue from operations rose 14.85% YoY to Rs 7,613.25 crore in Q2 FY27
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
GRSE shares rise 2% after Q2 net profit climbs 12% YoY
GRSE shares rose on Thursday after the defence shipbuilder reported a 12% year-on-year increase in Q2 FY27 net profit to Rs 171.97 crore. Revenue grew 9% to Rs 1,827 crore, while EBITDA rose 13%. The company also highlighted key project milestones and infrastructure expansion during the quarter.
Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea
Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.
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GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%
GRSE reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore, compared with Rs 153.79 crore a year ago. Revenue from operations increased 9% to Rs 1,827 crore, while total expenses rose 8% to Rs 1,654 crore. Net profit margin improved to 9.47% during the quarter.
Cupid Q2 profit more than doubles to ₹56.2 cr, revenue at ₹188 cr
Cupid Ltd has reported a significant increase in consolidated net profit for the second quarter of FY27. Revenue from operations rose notably compared to the previous year, reflecting strong financial performance. Despite this growth, the EBITDA margin saw a decline from the same quarter last year. The company also disclosed investment decisions regarding Warrants of Baazar Style approved by its board.
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
Rentomojo revenue rises 53% to Rs 142 crore in Q2
The company's live subscribers rose 42.5% YoY to 3.24 lakh in Q2, while the number of live itemsincreased 44% to 10.5 lakh. Average occupancy improved to 85.9% from 85.3% a year earlier, indicating better utilisation of its furniture and appliance inventory, per its investor deck.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
Higher input costs drag MRF Q2 net profit down 23%
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses also rose significantly, driven by sharp increases in raw material costs. The company announced an interim dividend of Rs 3 per share to its shareholders.
MRF Q2 Results: Net profit falls 13% YoY to Rs 417 crore, revenue rises 17%; board declares interim dividend
MRF reported a 12.9% YoY decline in consolidated net profit to Rs 417 crore in Q2FY27, despite 17.4% revenue growth. EBITDA fell 14.9%, while the board declared an interim dividend of Rs 3 per share.
Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore
Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.
Gland Pharma shares jump 4% after Q2 profit jumps 58%, revenue rises 23% YoY
Gland Pharma shares rose 3.89% after reporting strong Q2 FY27 results, with revenue growing 23% and net profit jumping 58% year-on-year. The stock touched a 52-week high of Rs 3,345, supported by robust CDMO growth, improved margins, new product launches and increased US regulatory approvals.
Finolex Cables shares fall 5% after rallying 20% during Muhurat Trading session. More upside ahead?
Finolex Cables shares fell after a 20% upper-circuit rally during Sunday's Muhurat Trading session, giving back some of the Rs 3,334 crore market-cap gain. The sharp rally followed a strong Q2 performance, with consolidated net profit rising 68% YoY to Rs 273 crore and revenue growing 65% to Rs 2,269 crore.
Stocks in news: M&M, BHEL, Adani Enterprises, Wipro, Tata Steel, Siemens and Divi's Labs
Indian equity markets ended marginally lower on Sunday, breaking a seven-session winning streak. The NSE Nifty 50 decreased by 44 points, closing at 24,986. Several companies, including Adani Enterprises and Tata Steel, announced important corporate developments and new investments. Wipro appointed a new CEO for its Americas unit, while various firms reported their quarterly earnings. Overall, investors remain cautious as they monitor these announcements and future market movements.
Tata Steel Q2 Results: Profit rises 16% YoY to Rs 3,700 crore, revenue up 11%; Noel Tata to retire as director
Tata Group's Tata Steel has reported a 16.2% year-on-year increase in profit after tax for Q2FY27. Consolidated revenue from operations grew by 11.5% year-on-year, reaching over Rs 65,436 crore. The profit after tax for the quarter was around Rs 3,700 crore, compared to the previous year's amount. Additionally, Noel Naval Tata will retire from his position effective November 11, 2026.
Britannia Industries Q2 Results: Profit rises 11% YoY to Rs 726 crore, revenue grows 16%
Britannia Q2 Results: FMCG major Britannia Industries on Thursday reported a 10.8% year-on-year (YoY) increase in consolidated net profit to Rs 726 crore for the September quarter of FY27 (Q2FY27), compared with Rs 655.06 crore in the corresponding quarter of the previous fiscal.
Titan Q2 Results: Profit jumps 54% YoY to Rs 1,722 crore; total income up 25%
Titan Q2 Results: Titan Company reported a 54% year-on-year rise in consolidated net profit to Rs 1,722 crore in Q2 FY27, driven by strong demand across jewellery, watches and eyewear. Revenue growth remained broad-based despite a shift in the festive calendar, while international jewellery operations expanded with the addition of Damas..
LIC Q2 Results: Profit jumps 20% YoY to Rs 12,115 crore, NPI grows 16%
LIC Q2 Results: Life Insurance Corporation of India (LIC), the country's largest insurer, reported a nearly 20% rise in consolidated net profit to Rs 12,114.78 crore for the September quarter on Thursday, supported by strong growth in premium income and higher investment earnings.
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.
Bharti Airtel Q2 Results: Net profit jumps 31% YoY to Rs 8,887 crore; revenue up 17%; ARPU rises to Rs 271
Bharti Airtel Q2 Results: Bharti Airtel reported a 31% year-on-year (YoY) increase in net profit to Rs 8,887.5 crore for the September quarter (Q2FY27), compared with Rs 6,791.6 crore in the corresponding quarter last fiscal.
M&M Q2 Results: Profit rises 25% YoY to Rs 4,588 crore, revenue grows 25%
M&M Q2 Results: Revenue from operations grew 25.4% YoY to Rs 57,514.98 crore in Q2FY27, against Rs 45,885.40 crore reported in the year-ago period.
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
PhysicsWallah, an Edtech company, achieved a considerable increase in net profit for the September quarter. The consolidated net profit rose to ₹143.63 crore, more than double the amount from last year. Revenue from operations also experienced an 18% increase, reaching ₹1,242.26 crore compared to the previous year. The company benefitted from stronger online enrolments and improved cost efficiency amid a slowdown in medical coaching.
IndiQube reports Rs 475 crore revenue during Q2 FY27
IndiQube has reported impressive financial growth in Q2 FY27, achieving a revenue of Rs 475 crore, which marks a 34% increase from the previous year. With a total H1 revenue of Rs 904 crore, the company is on a strong upward trajectory. PAT surged by 66% to Rs 92 crore, while EBITDA saw a 40% rise to Rs 105 crore. Currently, IndiQube operates over 10 million sq. ft.
Trent Q2 Results: Cons profit jumps 25% YoY to Rs 468 crore; revenue climbs 22%
Trent Q2 Results: Trent reported a 25.3% year-on-year rise in Q2 FY27 consolidated net profit to Rs 468 crore, while revenue grew 21.9% to Rs 5,873 crore. EBITDA rose 29.6% to Rs 1,054 crore, with margins improving to 18.2%. The retailer expanded its footprint across Westside, Zudio and other lifestyle concepts.
Cognizant eyes Sarvam stake; Ather aims for higher market share
Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.
SoftBank sells 1.21 crore Ola Electric rights entitlements as EV maker seeks to raise Rs 1,000 crore
SoftBank sold nearly 28% of its Ola Electric rights entitlements over two sessions as the company launched a Rs 1,000-crore rights issue. Meanwhile, Motilal Oswal entities applied for 2.39 crore shares amid declining revenue and persistent losses.
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