47 stories from 2 sources
Supporting Articles
Reliance Industries posted a record September-quarter net profit of ₹29,550 crore, up 34% year on year, as oil-to-chemicals and digital businesses strengthened. Revenue rose 28.5% to ₹3.38 lakh crore, while O2C EBITDA increased 68% amid elevated energy prices.
8:00 PMEconomic Times
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, supported by strong refining margins and growth at Jio. Retail profitability weakened, while lower debt improved the conglomerate's financial position.
11:18 AMEconomic Times
Reliance Retail's gross revenue rose 6.4% year on year to Rs 91,716 crore in Q2FY27, despite the absence of major festive occasions during the quarter. Net profit fell 24% to Rs 2,611 crore, while the festive calendar shifted into the December quarter.
10:45 AMEconomic Times
Jio Platforms' Q2 profit rose 14% year on year to Rs 8,389 crore, while revenue increased 11%. Growth was supported by subscriber additions, expansion in digital services and a marginal improvement in average revenue per user.
9:43 AMEconomic Times
Indian government bonds recorded losses for a fourth consecutive month as rising Brent crude prices increased inflation concerns. The Reserve Bank of India raised its policy rate for the first time in nearly four years, while foreign investment in Indian bonds fell to a four-month low and added pressure on the rupee.
8:22 AMEconomic Times
The Nifty 50 rose 0.51% to 23,053.10 and the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led advances, while Shriram Finance and Nestle India fell, and midcap and smallcap indices declined by as much as 2%.
6:56 AMEconomic Times
The Sensex and Nifty gained about 0.5% to end the week higher, with Trent and IndiGo supported by strong earnings and the Nifty IT index rising more than 2%. Midcaps, smallcaps and consumer durables weakened, with the latter falling nearly 2%.
6:35 AMEconomic Times
Foreign institutional investors held about $717 billion of Nifty 500 stocks in September 2026, with private banks representing their largest allocation. They increased exposure to healthcare, technology and automobiles but reduced holdings in 56% of Nifty 500 companies over the past year.
5:07 AMEconomic Times
GAIL's consolidated Q2FY27 profit rose 139.3% year-on-year to Rs 4,720 crore, while operating revenue increased 32.7%. Its board approved a GAIL Gas IPO involving a 25% equity dilution, and six city gas distribution networks are to move to the subsidiary by January 1, 2027.
6:21 AMEconomic Times
Bank of Baroda's Q2FY27 profit rose 36% year on year to Rs 6,532 crore, helped by gains from the sale of its NSE stake and higher interest income. The bank also raised its annual credit and deposit growth guidance as loan demand strengthened.
12:02 PMEconomic Times
Bank of Baroda's standalone net profit rose 35.8% year on year to Rs 6,532 crore in Q2FY27, while net interest income increased 9% to Rs 13,026 crore. Gross non-performing assets fell to 1.78%, and global advances and deposits grew at double-digit rates.
7:49 AMEconomic Times
Reliance Industries approved a plan to raise up to Rs 15,000 crore through privately placed non-convertible debentures. The announcement came alongside a 41% year-on-year increase in Q2 net profit to Rs 25,548 crore.
10:39 AMEconomic Times
Sun Pharma's Q2FY27 net profit fell 36% to Rs 1,989 crore after exceptional litigation and acquisition-related costs. Revenue rose 11.8%, driven by domestic and emerging-market sales, while US formulations weakened.
12:44 PMEconomic Times
Sun Pharma's Q2 profit fell 36% year on year to Rs 1,989 crore, weighed by exceptional charges. Revenue from operations rose 12% to Rs 16,199 crore, supported by domestic formulations and emerging markets.
5:02 AMEconomic Times
Equitas Small Finance Bank shares fell 27% over two sessions after CEO and founder PN Vasudevan resigned over a perceived conflict involving his daughter’s NBFC.
3:05 AMEconomic TimesSummary
Reliance Industries posted a record September-quarter net profit of ₹29,550 crore, up 34% year on year, as oil-to-chemicals and digital businesses strengthened. Revenue rose 28.5% to ₹3.38 lakh crore, while O2C EBITDA increased 68% amid elevated energy prices.
Reliance's earnings rebound rests heavily on O2C profitability, with digital operations adding support but not
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The record profit shows Reliance benefiting from its diversified model, but also reveals continued dependence on cyclical energy economics.
Summary
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, supported by strong refining margins and growth at Jio. Retail profitability weakened, while lower debt improved the conglomerate's financial position.
Reliance's record result rests on refining and telecom strength, while retail has become the main
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Reliance enters the next quarter with stronger cash-flow support from refining and Jio, but retail remains critical to broadening its earnings base.
Summary
Reliance Retail's gross revenue rose 6.4% year on year to Rs 91,716 crore in Q2FY27, despite the absence of major festive occasions during the quarter. Net profit fell 24% to Rs 2,611 crore, while the festive calendar shifted into the December quarter.
Revenue growth held up, but the profit decline points to pressure on margins, costs or
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Reliance Retail is growing sales, but its near-term earnings quality remains under pressure.
Summary
Jio Platforms' Q2 profit rose 14% year on year to Rs 8,389 crore, while revenue increased 11%. Growth was supported by subscriber additions, expansion in digital services and a marginal improvement in average revenue per user.
Jio is still adding customers while gradually increasing monetisation, but profit growth remains ahead of
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Jio's results support the case for steady, diversified growth rather than a one-off telecom-led earnings boost.
Summary
Indian government bonds recorded losses for a fourth consecutive month as rising Brent crude prices increased inflation concerns. The Reserve Bank of India raised its policy rate for the first time in nearly four years, while foreign investment in Indian bonds fell to a four-month low and added pressure on the rupee.
Higher oil prices are tightening India's macroeconomic outlook by raising inflation risks, weakening the rupee
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Oil is turning a market selloff into a broader inflation, currency and financing risk for India.
Summary
The Nifty 50 rose 0.51% to 23,053.10 and the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led advances, while Shriram Finance and Nestle India fell, and midcap and smallcap indices declined by as much as 2%.
Large-cap gains masked a clear retreat from broader-market risk. The divergence suggests investors are concentrating
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A narrow rally is less resilient, especially if broader-market selling signals growing sensitivity to valuations and earnings disappointments.
Summary
The Sensex and Nifty gained about 0.5% to end the week higher, with Trent and IndiGo supported by strong earnings and the Nifty IT index rising more than 2%. Midcaps, smallcaps and consumer durables weakened, with the latter falling nearly 2%.
The recovery remains narrow because investors are rewarding earnings visibility while cutting exposure to broader-market
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The market can rise without becoming broadly healthy, making breadth and earnings participation more important than headline index gains.
Summary
Foreign institutional investors held about $717 billion of Nifty 500 stocks in September 2026, with private banks representing their largest allocation. They increased exposure to healthcare, technology and automobiles but reduced holdings in 56% of Nifty 500 companies over the past year.
Foreign investors remain deeply committed to India, but their broad selling indicates a more selective
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FII ownership remains a powerful market support, but its concentration makes sector leadership and foreign-flow reversals more consequential.
Summary
GAIL's consolidated Q2FY27 profit rose 139.3% year-on-year to Rs 4,720 crore, while operating revenue increased 32.7%. Its board approved a GAIL Gas IPO involving a 25% equity dilution, and six city gas distribution networks are to move to the subsidiary by January 1, 2027.
The results show a sharp earnings rebound, while the IPO and transfer of distribution assets
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GAIL is combining cyclical earnings strength with a potential listing catalyst that could revalue its city-gas business.
Summary
Bank of Baroda's Q2FY27 profit rose 36% year on year to Rs 6,532 crore, helped by gains from the sale of its NSE stake and higher interest income. The bank also raised its annual credit and deposit growth guidance as loan demand strengthened.
The headline profit received a one-time boost from the NSE stake sale, so underlying earnings
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Bank of Baroda is gaining operating momentum, but the quality of its profit growth is obscured by a one-off capital gain.
Summary
Bank of Baroda's standalone net profit rose 35.8% year on year to Rs 6,532 crore in Q2FY27, while net interest income increased 9% to Rs 13,026 crore. Gross non-performing assets fell to 1.78%, and global advances and deposits grew at double-digit rates.
The bank delivered stronger earnings alongside improved asset quality, reducing the tradeoff between growth and
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Bank of Baroda is combining clean-up of its loan book with renewed balance-sheet growth.
Summary
Reliance Industries approved a plan to raise up to Rs 15,000 crore through privately placed non-convertible debentures. The announcement came alongside a 41% year-on-year increase in Q2 net profit to Rs 25,548 crore.
The fundraising gives Reliance additional capital despite strong earnings, suggesting it is preparing to fund
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Reliance is pairing strong profitability with fresh debt capacity to support its next investment cycle.
Summary
Sun Pharma's Q2FY27 net profit fell 36% to Rs 1,989 crore after exceptional litigation and acquisition-related costs. Revenue rose 11.8%, driven by domestic and emerging-market sales, while US formulations weakened.
The earnings decline reflects one-off costs rather than a broad revenue contraction, but the weaker
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Sun Pharma's near-term profit is under pressure even as its core growth engine remains intact outside the US.
Summary
Sun Pharma's Q2 profit fell 36% year on year to Rs 1,989 crore, weighed by exceptional charges. Revenue from operations rose 12% to Rs 16,199 crore, supported by domestic formulations and emerging markets.
Exceptional charges, rather than a collapse in operating revenue, drove the sharp decline in reported
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The results separate healthy operating growth from weaker reported profitability and raise questions about the durability of the earnings impact.
Summary
Equitas Small Finance Bank shares fell 27% over two sessions after CEO and founder PN Vasudevan resigned over a perceived conflict involving his daughter’s NBFC.
The immediate shift is from founder-led certainty to leadership and governance uncertainty. Investors will now
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A founder exit tied to a potential conflict can quickly become a broader test of governance, succession, and investor trust.
A curated list of other prominent stories from this day.
Reliance Industries reported a 41% year-on-year rise in consolidated net profit to Rs 25,548 crore in the September quarter of FY27. Revenue increased 29% from the year-earlier period.
10:16 AMEconomic Times
Reliance Industries and Jio Platforms are scheduled to announce their second-quarter results, with investors focused on brokerage estimates for the businesses.
4:27 AMEconomic Times
Syrma SGS Technology reported record Q2 consolidated revenue of Rs 1,999.5 crore, up 73.2%, while net profit increased 87.2%. Exports grew 91% year on year, and the company plans further investments with Kaga Electronics to strengthen domestic supply capabilities.
12:35 PMEconomic Times
Zee Entertainment's Q2 consolidated net profit fell 40% to Rs 46 crore despite a 13% increase in operating revenue. Subscription growth, supported by the FIFA World Cup 2026, and a doubling of ZEE5 revenue were offset by higher programming and promotional costs, which pushed EBITDA margin down to 3.2%.
12:20 PMEconomic Times
Spandana Sphoorty Financial posted consolidated Q2FY27 profit of Rs 18 crore, reversing a Rs 249 crore loss a year earlier. Assets under management grew 31% to Rs 5,364 crore, while gross and net non-performing assets improved.
12:05 PMEconomic Times
NTPC Green Energy's Q2FY27 net profit rose 56.2% year on year to Rs 137.5 crore, alongside 53.2% revenue growth. Higher EBITDA margins and new solar capacity lifted its operating renewable energy portfolio.
9:13 AMEconomic Times
Eight NSE-listed midcap companies more than doubled year-on-year profit in Q2FY27. Max Financial Services, One97 Communications and Poonawalla Fincorp led the group, based on StockEdge data.
7:06 AMEconomic Times
Aditya Birla Capital's Q2FY27 profit after tax rose 38% year-on-year to Rs 1,288 crore from Rs 933.52 crore. Revenue reached Rs 14,003 crore, while lending assets under management grew 32% to Rs 2.34 lakh crore.
7:00 AMEconomic Times
SEBI issued a final regulatory censure against Axis Capital in proceedings connected with restrictions imposed in September 2024. The regulator found no recorded investor harm or fraudulent default, and Axis Bank said the order should have no material business impact.
6:45 AMEconomic Times
Asian Paints' Q2 consolidated profit rose 7.5% year-on-year to Rs 1,067.6 crore, while net sales increased 16.9% to Rs 9,953.9 crore. Higher raw-material costs pressured margins, prompting staggered price increases, and the company declared a Rs 5.75-per-share dividend.
6:38 AMEconomic Times
Varun Beverages reported 33% year-on-year revenue growth in Q3 CY2026, alongside strong profit and volume growth. Its shares fell more than 4% as higher packaging costs cut EBITDA margin by 140 basis points, despite an interim dividend of Rs 0.50 per share.
4:53 AMEconomic Times
Coal India shares fell 3% despite a 57% year-on-year increase in second-quarter net profit to Rs 6,547 crore. Jefferies and JM Financial lowered their price targets, while Motilal Oswal retained a Buy rating and cited possible volume recovery.
3:16 AMEconomic Times
India ranked as the world's leading IPO market in October after a record month, led by the blockbuster share sale of Jio Platforms Ltd.
3:03 AMBloomberg MarketsJio Platforms has continued to perform strongly since its listing, helped by limited competition in India’s telecom market. Investors are now looking to Friday’s second-quarter earnings for evidence that the momentum can continue.
1:30 AMBloomberg MarketsAther Energy’s chief executive says demand for electric scooters in India is exceeding the company’s available supply. The company plans to expand production capacity to capture that unmet demand.
1:18 AMBloomberg MarketsSummary
Reliance Industries reported a 41% year-on-year rise in consolidated net profit to Rs 25,548 crore in the September quarter of FY27. Revenue increased 29% from the year-earlier period.
The results show broad earnings momentum across Reliance's portfolio, with revenue growth translating into a
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Reliance enters the next phase of expansion from a position of stronger earnings and revenue growth.
Summary
Reliance Industries and Jio Platforms are scheduled to announce their second-quarter results, with investors focused on brokerage estimates for the businesses.
The results will test whether Reliance's core businesses and Jio can sustain earnings momentum amid
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Reliance's results can influence sentiment across India's telecom, digital services, retail, and energy sectors.
Summary
Syrma SGS Technology reported record Q2 consolidated revenue of Rs 1,999.5 crore, up 73.2%, while net profit increased 87.2%. Exports grew 91% year on year, and the company plans further investments with Kaga Electronics to strengthen domestic supply capabilities.
Export-led growth has pushed Syrma SGS into a higher earnings trajectory, with revenue expanding faster
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Syrma SGS is emerging as a major beneficiary of India's electronics manufacturing and export expansion.
Summary
Zee Entertainment's Q2 consolidated net profit fell 40% to Rs 46 crore despite a 13% increase in operating revenue. Subscription growth, supported by the FIFA World Cup 2026, and a doubling of ZEE5 revenue were offset by higher programming and promotional costs, which pushed EBITDA margin down to 3.2%.
Zee is growing revenue without converting that growth into earnings, as content and promotional spending
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Zee's results show that audience and subscription growth are not yet translating into a stronger profit model.
Summary
Spandana Sphoorty Financial posted consolidated Q2FY27 profit of Rs 18 crore, reversing a Rs 249 crore loss a year earlier. Assets under management grew 31% to Rs 5,364 crore, while gross and net non-performing assets improved.
The return to profit marks a material turnaround in both credit costs and asset quality,
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Spandana is showing that its recovery is gaining operational traction, but sustainable growth still depends on disciplined underwriting.
Summary
NTPC Green Energy's Q2FY27 net profit rose 56.2% year on year to Rs 137.5 crore, alongside 53.2% revenue growth. Higher EBITDA margins and new solar capacity lifted its operating renewable energy portfolio.
Capacity additions are translating into both faster revenue growth and better operating leverage. The business
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NTPC Green Energy is showing that new renewable capacity can improve both scale and profitability.
Summary
Eight NSE-listed midcap companies more than doubled year-on-year profit in Q2FY27. Max Financial Services, One97 Communications and Poonawalla Fincorp led the group, based on StockEdge data.
The results point to sharp earnings momentum in selected midcaps, but not a broad improvement
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Exceptional profit growth can attract flows to midcaps, but the quality and sustainability of earnings will determine whether the rally holds.
Summary
Aditya Birla Capital's Q2FY27 profit after tax rose 38% year-on-year to Rs 1,288 crore from Rs 933.52 crore. Revenue reached Rs 14,003 crore, while lending assets under management grew 32% to Rs 2.34 lakh crore.
The company is expanding both earnings and its lending platform, with asset growth outpacing many
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Strong profit and loan growth strengthen the case for Aditya Birla Capital as a diversified financial-services compounder, but rising exposure also increases execution and credit risks.
Summary
SEBI issued a final regulatory censure against Axis Capital in proceedings connected with restrictions imposed in September 2024. The regulator found no recorded investor harm or fraudulent default, and Axis Bank said the order should have no material business impact.
The censure closes a regulatory episode without a stated financial penalty or finding of investor
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The order is financially contained for now, but it raises the cost of regulatory lapses for Axis Capital and its parent.
Summary
Asian Paints' Q2 consolidated profit rose 7.5% year-on-year to Rs 1,067.6 crore, while net sales increased 16.9% to Rs 9,953.9 crore. Higher raw-material costs pressured margins, prompting staggered price increases, and the company declared a Rs 5.75-per-share dividend.
Sales growth was strong, but input-cost inflation absorbed part of the operating benefit and forced
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Asian Paints is growing revenue, but its valuation case still depends on converting that growth into sustained margin expansion.
Summary
Varun Beverages reported 33% year-on-year revenue growth in Q3 CY2026, alongside strong profit and volume growth. Its shares fell more than 4% as higher packaging costs cut EBITDA margin by 140 basis points, despite an interim dividend of Rs 0.50 per share.
Margin compression outweighed the company's strong top-line and volume growth in the market's assessment. Higher
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The selloff shows that investors are prioritizing earnings quality and margin protection over headline growth.
Summary
Coal India shares fell 3% despite a 57% year-on-year increase in second-quarter net profit to Rs 6,547 crore. Jefferies and JM Financial lowered their price targets, while Motilal Oswal retained a Buy rating and cited possible volume recovery.
The market is discounting the earnings beat because future volume growth and operating momentum remain
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Coal India's reaction shows that strong reported profit is not enough to support the stock when investors doubt the durability of production and volume gains.
Summary
India ranked as the world's leading IPO market in October after a record month, led by the blockbuster share sale of Jio Platforms Ltd.
Jio's offering materially increased India's share of global IPO activity and strengthened its position as
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Jio's listing has increased India's visibility in global equity markets and could accelerate the pipeline of major domestic offerings.
Summary
Jio Platforms has continued to perform strongly since its listing, helped by limited competition in India’s telecom market. Investors are now looking to Friday’s second-quarter earnings for evidence that the momentum can continue.
Limited telecom competition supports Jio’s pricing power, but earnings must now validate the post-listing rally.
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Jio’s results will show whether its valuation reflects durable earnings growth or mainly scarcity value in India’s telecom market.
Summary
Ather Energy’s chief executive says demand for electric scooters in India is exceeding the company’s available supply. The company plans to expand production capacity to capture that unmet demand.
The immediate constraint on Ather’s growth is manufacturing capacity rather than consumer interest. Expanding output
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If supply expansion keeps pace with demand, Ather can turn a capacity bottleneck into faster growth in India’s two-wheeler EV market.
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