On a pro forma basis, the SC ruling on AT1 bonds would result in a net loss of ₹5,217 crore for the quarter and Rs 4,146 crore for the half-year
IDBI Bank's Q2FY27 net profit declined 39% to ₹2,205 crore due to a high base from an NSDL stake sale gain. Excluding the one-off, profit rose 14%
Interest income increased 18.45 per cent Y-o-Y to ₹10,357 crore, supported by a 27.6 per cent rise in interest earned on advances to ₹7,231 crore. Interest expenses rose 13.7 per cent to ₹6,211 crore
Net interest income rose 9.7 per cent to ₹34,620 crore and deposits grew 18.8 per cent, while lower treasury gains and higher expenses capped profit growth
Ixigo reported an all-time high net profit of ₹63.42 crore in Q2FY27, aided by a partial stake sale in Freshbus, while revenue rose 13 per cent to ₹320.96 crore
Net interest income grew 17.7 per cent to Rs 25,339 crore, while provisions declined and the gross NPA ratio improved to 1.20 per cent
Net interest income rose 11.8 per cent to ₹15,371 crore, while loans grew 23 per cent and provisions fell 52.2 per cent; other income declined 1.4 per cent to ₹6,531 crore
Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today
The private sector lender reported a 26.4% rise in net interest income, a 26-basis-point expansion in margins and improved asset quality, with gross advances crossing Rs 3 trillion
Hotels were impacted in Q1 by the US-Iran conflict; however, analysts at Axis Securities expect a strong Q2, supported by improving metro demand and the BRICS Summit.
The stock price of DMart dipped 1.5% to ₹3,322.90 on Friday, quoting at its lowest level since March 2023. The stock slipped 9% in the past seven trading days.
Solara Active Pharma Sciences reported a consolidated net profit of ₹28.59 crore in Q2FY27 and ₹44.70 crore in H1FY27. It posted a loss of ₹9.29 crore in Q2FY26 and profit of ₹0.42 crore in H1FY26.
Axis Bank Q2 results preview: The net interest margin may come under pressure in Q2FY27 due to elevated FCNR(B) deposit mobilisation, with analysts projecting a sequential decline of 7-12 bps.
The bank is slated to post its September quarter earnings this Saturday (October 17) along with several other leading private banking names.
HDFC Bank Q2 results preview: While deposit growth is expected to be strong, supported by strong FCNR(B) inflows, pressure on margins is seen.
In Q2FY27, demand remained healthy despite the elevated gold price (up 28% YoY) supported by festive demand, premiumisation and continued market share gains by organised players, analysts said.
Jio Financial share: Analysts at Motilal Oswal Financial Services said healthy execution continued to drive growth, but higher provisions prompted earnings estimates cut for FY27.
At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer.
Analysts at Systematix Institutional Research and Elara Securities retained a 'Buy' rating on HDFC Life stock, highlighting that Value of New Business in Q2 came in ahead of Q2 estimates.
Cyient DLM's Q2 earnings showed that execution was slightly impacted by supply chain lead times and margins were softer while the order book was strong.