On October 19, the financial results for the second quarter of the fiscal year 2026-27 (Q2FY27) are scheduled to be announced by 35 companies. Among them are firms such as Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank of India, Indian Renewable Energy Development Agency (Ireda), HFCL, Sobha, L&T Technology Services, Waaree Renewable Technologies, Delta Corp, Jaiprakash Power Ventures, Gallantt Ispat, SML Mahindra, Just Dial, and Piramal Finance.
Additionally, several other companies reporting revenues for the period from July to September include Nelco, Tatva Chintan Pharma Chem, Bhansali Engineering Polymers, AksharChem India, GOCL Corporation, Mangalam Global Enterprise, Modern Dairies, Aerpace Industries, Elevate Campuses, Koura Fine Diamond Jewelry, Malt Land Distilleries, A-One Steels India, Bloom Industries, Modern Steels, Melstar Information Technologies, Quint Digital, Shri Niwas Leasing And Finance, Ontic Finserve, Varmora Granito, and Yash Management & Satellite.
Key Highlights of HDFC Bank's Second Quarter Results
HDFC Bank, India's largest private lender, reported a 4.7% year-on-year growth in net profit to INR 19,510 crore in Q2FY27. This growth was partially offset by increased operating expenses and provisions, as well as a decline in other income, despite an increase in core interest income.
Net interest income rose by 9.7% to INR 34,620 crore, driven by a 16.3% increase in gross loans. Other income decreased by 3.6% to INR 13,830 crore, although it had consistently grown by 8%, as treasury trading profits fell from INR 2,390 crore to INR 780 crore compared to the previous year. Fees and charges increased to INR 9,690 crore from INR 8,840 crore, while foreign exchange and derivatives income slightly decreased to INR 1,550 crore from INR 1,590 crore.
Key Highlights of Axis Bank's Second Quarter Results
Axis Bank, the country's third-largest private lender, reported a 38% year-on-year growth in net profit to INR 7,003 crore in the second quarter of fiscal year 2026-27 (Q2FY27). The growth was supported by higher Net Interest Income (NII) and lower provisions.
The bank's NII, which is the difference between interest earned and paid, grew by 12% year-on-year to INR 15,371 crore for the quarter. The Net Interest Margin (NIM) stood at 3.36%, lower than 3.73% in the quarter a year ago. Excluding the impact of Foreign Currency Non-Resident (FCNR-B) deposits, the NIM was 3.47%.
Market Updates Today
The GIFT Nifty, an early indicator for Nifty 50, traded flat with a negative bias at 23,112, signaling a subdued start for domestic stocks. Asian markets were trading lower, following losses on Wall Street on Friday, as concerns over the pace of artificial intelligence (AI) infrastructure investment negatively impacted investor sentiment. Japan's Nikkei 225 and South Korea's Kospi fell by 1.15% and 0.12%, respectively.
Companies Announcing Q2 Results Today
The list of companies announcing second-quarter results includes Aerpace Industries Ltd, AksharChem India Ltd, A-One Steels India Ltd, Bajaj Finance Ltd, Bhansali Engineering Polymers Ltd, Bloom Industries Ltd, Delta Corp Ltd, Elevate Campuses Ltd, Gallantt Ispat Ltd, GOCL Corporation Ltd, HFCL Ltd, Hindustan Zinc Ltd, Indian Renewable Energy Development Agency Ltd (Ireda), Jaiprakash Power Ventures Ltd, Just Dial Ltd, Koura Fine Diamond Jewelry Ltd, L&T Technology Services Ltd, Malt Land Distilleries Ltd, Modern Steels Ltd, Melstar Information Technologies Ltd, Mangalam Global Enterprise Ltd, Modern Dairies Ltd, Nelco Ltd, Ontic Finserve Ltd, Piramal Finance Ltd, Quint Digital Ltd, Shri Niwas Leasing And Finance Ltd, SML Mahindra Ltd, Sobha Ltd, Tatva Chintan Pharma Chem Ltd, UltraTech Cement Ltd, Union Bank of India, Varmora Granito Ltd, Waaree Renewable Technologies Ltd, and Yash Management & Satellite Ltd.