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.
Tech Mahindra shares jumped 5 per cent and emerged as the top Sensex gainer after the Q2 results. SBI Securities said that it expects Tech Mahindra stock to outperform the broader IT sector and peers.
IT services revenue, the main metric, for the quarter ended September 30 was up by just 0.3 per cent from the year-ago period
Nestle India's revenue rose 20.3% to ₹6,788.3 crore in Q2FY27, driven by double-digit volume growth, while its shares fell 7.76% amid concerns over rising food inflation
Public sector UCO Bank on Thursday reported a 27 per cent rise in net profit to Rs 786 crore for the second quarter ended September 30. The Kolkata-based lender earned a net profit of Rs 620 crore in the same period last fiscal year. Total income increased to Rs 8,170 crore in the second quarter from Rs 7,421 crore a year ago, UCO Bank said in a regulatory filing. Interest income improved to Rs 7,286 crore in the September quarter of FY27 from Rs 6,537 crore in the year-ago period. Operating profit also increased to Rs 1,872 crore against Rs 1,613 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.96 per cent of gross advances at the end of September 2026 compared to 2.56 per cent a year ago. Net NPAs or bad loans came down to 0.18 per cent at the end of September 2026 compared to 0.43 per cent at the end of September 2025. However, provisioning against bad loans rose marginally to Rs 444 crore during th
Persistent Systems reported a 25.4% fall in Q2 profit to Rs 351 crore, even as revenue rose 30.3% to Rs 4,664 crore; operating margin narrowed to 15% from 16.3%
Tata Communications on Thursday reported 86.29 per cent increase in consolidated net profit at Rs 341.03 crore for September quarter FY27. The Mumbai-headquartered company had posted a net profit (attributable to owners of the company) of Rs 183.06 crore in the year-ago period, according to a regulatory filing. Revenue from operations rose 9.6 per cent to Rs 6,687.89 crore in Q2 FY27, as against Rs 6,099.75 crore in Q2 FY26. When compared to the previous June quarter, the profit more than doubled and revenue was up by 1.6 per cent. Data revenue grew to Rs 5,810 crore, while digital portfolio revenue rose to Rs 3,016 crore. "As AI emerges as a powerful growth driver, our Unified AI Stack is resonating with customers as it helps bridge the gap between enterprise intelligence and enterprise action. We continue to see strong demand for DC-to-DC connectivity, a structural growth opportunity where our extensive network assets and ongoing investments give us a distinct advantage. We ente
South Indian Bank on Thursday reported a 21 per cent rise in net profit to Rs 426 crore for the second quarter ended September 30. The Kerala-based private sector bank registered a net profit of Rs 351 crore in the September quarter of the previous fiscal year. Its total income increased to Rs 3,264 crore in the second quarter from Rs 2,923 crore in the same period of the previous fiscal year, South Indian Bank said in a regulatory filing. Interest income also climbed to Rs 2,796 crore in the September quarter of FY27 from Rs 2,407 crore in the year-ago period. On the asset quality front, gross non-performing assets (NPAs) moderated to 1.24 per cent of gross advances at the end of September 2026 against 2.93 per cent a year ago. Similarly, net NPAs or bad loans improved to 0.09 per cent at the end of September 2026 from 0.56 per cent at the end of the same month a year earlier. However, its provisions and contingencies rose to Rs 159 crore from Rs 63 crore in the second quarter o
Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated a negative open for the Nifty50. Asian markets slumped in early deals
Indian Bank reported a near 15% YoY growth in net profit, while Uco Bank and South Indian Bank posted 26.8% and 21.3% profit growth in Q2FY27.
Indian Bank on Thursday reported a 15 per cent rise in net profit to Rs 3,462 crore for the second quarter ended September 30. The Chennai-based public sector lender posted a net profit of Rs 3,018 crore in the same period of the previous fiscal. Its total income increased to Rs 23,059 crore in the second quarter from Rs 19,077 crore a year ago, Indian Bank said in a regulatory filing. Interest income rose to Rs 19,106 crore in the September quarter of FY27 from Rs 16,590 crore in the year-ago period. The operating profit also increased to Rs 7,090 crore against Rs 4,837 crore in the same quarter a year ago. In terms of asset quality, gross non-performing assets (NPAs) of the bank moderated to 1.61 per cent of gross advances at the end of September 2026 compared to 2.6 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.14 per cent at the end of September 2026 compared to 0.16 per cent at the end of September 2025. Provisioning against bad loans came down to Rs
Nestle India on Thursday reported a 36.3% YoY growth in Q2FY27 net profit at ₹1,026.70 crore, backed by a 20.5% YoY surge in sales to ₹6,782.17 crore.
FMCG major Nestle India on Thursday reported a 36.32 per cent rise in consolidated net profit at Rs 1,026.77 crore for the September quarter of FY27, on a year-on-year basis. The company had posted a consolidated net profit of Rs 743.17 crore in the corresponding period last fiscal, Nestle India said in a regulatory filing. Nestle India's revenue from sale of products rose 20.45 per cent to Rs 6,782.17 crore in July-September quarter of FY27. This was Rs 5,630.23 crore in the corresponding period a year ago. "The quarter saw a continuation of strong and broad-based growth across all product groups, with total sales reaching INR 6,782.2 crore, with a growth of 20.5 per cent, which was driven by robust, double-digit volume growth," said Chairman and Managing Director Manish Tiwary. The company continued to focus on operational efficiencies while significantly increasing investments behind its brands, with advertising and marketing spend up 46 per cent. "EBITDA margin remained health
JM Financial has upgraded Canara Bank to 'Buy' from 'Add' on cheap valuations and improving fundamentals. It has also raised the target price to ₹150 from ₹142.