Ketan Mittal

M&M's Q2 profit rises 25%, but farm business remains weak

Mahindra & Mahindra Limited (NSE: M&M) reported Q2 FY27 consolidated revenue of ₹57,553 crore and profit after tax of ₹4,588 crore, both up 25% year on year. Its automotive business delivered 55% PAT growth, while farm revenue declined 6% a… See Moremore

Adani Ports' €2.56 billion Evos deal expands

Adani Ports and Special Economic Zone Limited (NSE: ADANIPORTS) has agreed to acquire 100% of Netherlands-based Evos B.V. at an enterprise value of €2.56 billion. Evos generated €219 million of CY25 EBITDA at a 56% margin, operating eight t… See Moremore

Fractal crosses $100 million quarterly revenue

Fractal Analytics Limited (NSE: FRACTAL) reported Q2 FY27 operating revenue of ₹956.5 crore, up 20% year on year. Net income increased 139% to ₹79.2 crore, taking quarterly revenue above US$100 million for the first time. What happened Th… See Moremore

Lenskart's Q2 profit more than doubles as margins expand

Lenskart Solutions Limited (NSE: LENSKART) reported Q2 FY27 revenue of ₹2,845 crore, up 32.5% year on year. Profit after tax rose to ₹232 crore from ₹113 crore, while pre-Ind AS 116 EBITDA margin expanded to 13.8%. What happened India rev… See Moremore

Bayer CropScience lifts profit despite 19.5% revenue decline

Bayer CropScience Limited (NSE: BAYERCROP) reported Q2 FY27 revenue from operations of ₹1,250.7 crore, down 19.5% year on year. Net profit nevertheless increased 8.8% to ₹166.2 crore for the quarter ended September 30, 2026. What happened… See Moremore

MCX doubles Q2 revenue as commodity activity accelerates

Multi Commodity Exchange of India Limited (NSE: MCX) reported Q2 FY27 consolidated revenue from operations of ₹799.66 crore, up 113.7% year on year. Net profit increased 130.2% to ₹454.57 crore for the quarter ended September 30, 2026. Wh… See Moremore

SBI's Q2 profit growth includes a large one-off gain

State Bank of India (NSE: SBIN) reported standalone Q2 FY27 net profit of ₹23,038 crore, up 14.3% year on year. The result includes a one-time pre-tax gain of ₹7,288 crore from the sale of a stake in SBI Funds Management. What happened F… See Moremore

Nifty's 23,500 hurdle is the next test for the market rally

The Nifty 50 rose 1.68% to close at 23,440.8 on 2 November 2026, its highest level in nearly two months. Thirteen of 16 major sectors advanced, but Reliance Industries Limited (NSE: RELIANCE), which gained 11.6%, contributed roughly half o… See Moremore

Coal India's October output hits a record high

Coal India Limited (NSE: COALINDIA) produced a record 67.2 million tonnes of coal in October 2026, up 19% year on year. Total coal supplies also reached a monthly record of 70.3 MT, including an all-time high of 57.1 MT supplied to the pow… See Moremore

Affle's $420 million Perion deal expands its ad-tech reach

Affle 3i Limited (NSE: AFFLE), through its step-down subsidiary, has agreed to acquire Perion Network Limited (NASDAQ: PERI) at an implied equity value of approximately US$420 million. Perion shareholders will receive US$11.70 per share, w… See Moremore

GRSE secures a ₹32,000 crore Indian Navy contract

Garden Reach Shipbuilders & Engineers Limited (NSE: GRSE) signed a ₹32,000 crore contract with the Indian Navy on 2 November 2026 to construct five Next Generation Corvettes. The project is part of a larger ₹53,866.50 crore defence procure… See Moremore

CDSL’s profit grows 24% as demat accounts expand

Central Depository Services (India) Limited (NSE: CDSL) reported Q2 FY27 consolidated net profit of ₹173 crore, up 24% year-on-year. Revenue increased 23.7% to ₹395 crore. What happened? The depository continued to benefit from the expans… See Moremore

Sun Pharma’s profit falls 36%, but headline needs context

Sun Pharmaceutical Industries Limited (NSE: SUNPHARMA) reported Q2 FY27 revenue of ₹16,199 crore, up 11.9% year-on-year. Reported net profit declined 36% to ₹1,989 crore. What happened? The sharp decline in reported profit was largely dri… See Moremore

Reliance’s record O2C earnings come with a margin caveat

Reliance Industries Limited (NSE: RELIANCE) reported Q2 FY27 consolidated revenue of ₹3.62 lakh crore, up 27.8% year-on-year. Profit after tax, including associates and joint ventures, increased 33.8% to ₹29,550 crore. What happened? The… See Moremore

Maruti Suzuki's revenue rises 26%, but profit falls 26%

Maruti Suzuki India Limited (NSE: MARUTI) reported Q2 FY27 consolidated revenue of ₹53,356 crore, up approximately 26% year-on-year. Net profit declined 26.4% to ₹2,466 crore despite record quarterly sales of 6.97 lakh vehicles. What happe… See Moremore

Jio Platforms lists today after a 22.19x subscribed IPO

Jio Platforms Limited (NSE: JPL) is scheduled to debut on the Indian stock exchanges on 28 October 2026 at an issue price of ₹1,119 per share. Its approximately ₹30,200 crore IPO was subscribed 22.19 times. What happened? The IPO attracte… See Moremore

Crude near $115 creates a margin risk for Indian companies

The Nifty 50 closed at 22,753.2 on Monday, while investors entered Tuesday's session cautious ahead of the US Federal Reserve's policy decision. What happened? Oil prices remained elevated amid renewed Middle East tensions, keeping pressu… See Moremore

Bank of Maharashtra posts a solid 41% profit growth

Bank of Maharashtra (NSE: MAHABANK) reported Q2 FY27 net profit of ₹2,310 crore, up 41.4% year-on-year. Net interest income grew 21.8% to ₹3,954 crore, while gross NPA improved to 1.25% from 1.45% in the previous quarter. What happened?… See Moremore

Tata Consumer’s 11% volume growth strengthens its case

Tata Consumer Products Limited (NSE: TATACONSUM) reported Q2 FY27 revenue growth of 14% to ₹5,661 crore and net profit growth of 16% to ₹470 crore. Its India branded business delivered 11% underlying volume growth, while growth businesses… See Moremore

Indian Overseas Bank’s 56% profit growth needs a tax view

Indian Overseas Bank (NSE: IOB) reported Q2 FY27 net profit of ₹1,912 crore, up 56% year-on-year. Net interest income rose 26% to ₹3,867 crore, supported by strong credit growth and improved asset quality. What happened? The public-sector… See Moremore