IRB Infra's profit grew by 85% to 260 crore rupees in the second quarter due to increased toll collection revenue

Amagi, a company specializing in SaaS software for media, reported a significant increase in net profit in the second quarter of fiscal year 27, as well as a 27% growth in revenue compared to the previous year.

According to documents filed by the company with stock exchanges, Amagi's net profit for the second quarter (July-September) of fiscal year 27 amounted to 74.83 crore rupees. This figure significantly exceeds the 2.52 crore rupees recorded during the same period last fiscal year, demonstrating a growth of almost 29 times.

Revenue for the reporting quarter reached 475.82 crore rupees, compared to 374.76 crore rupees a year ago.

Baksar Subramanian, CEO of Amagi, highlighted three main areas for development: assisting clients in improving operational efficiency, reaching new audiences, and maximizing content revenue. He also predicts that artificial intelligence will play a significant role in all these areas.

According to the head, the company managed to scale its business by applying stricter operational discipline. The revenue growth in the second quarter was driven by the monetization and streaming aggregation segments, as well as the marketplace. During this period, Amagi released four new AI-based products covering live production, sports broadcasts, localization, and agency network operations.

The company specified that its ten largest clients accounted for 41% of the revenue in the second quarter of fiscal year 27, which is slightly different from 41.4% in the same period last year. For the first half of fiscal year 27, the share of these clients was 39.9%, slightly lower than the 40.2% recorded in the first half of fiscal year 26, indicating a stable customer concentration profile.

Amagi emphasized that these relationships are long-term, with an average duration of 5.3 years. The company noted that as clients adopt more Amagi products and expand their activities on the platform, the scale of these partnerships naturally increases.

Looking ahead to the remainder of fiscal year 27, Amagi reported that revenue in the first half of the year grew by 30% year-on-year, accompanied by an increase in EBITDA margin and improved cash conversion. In the letter to shareholders, Amagi stated that the company plans to invest selectively and with strict financial discipline in personnel, products, and technology. The ultimate goal is to conclude fiscal year 27 with sustainable year-on-year revenue growth, using operating leverage to ensure a clean reflection of adjusted EBITDA in improved cash conversion.

Awfis Space Solutions Ltd, a real estate sector company, reported a significant increase in its consolidated profit by 93%. For the quarter ending in September, the profit amounted to 30.8 crore rupees, driven by increased revenues amid high demand for managed workspaces.

In the comparable period last year, the company's net profit was 15.97 crore rupees. According to regulatory filings submitted on Tuesday, total revenue in the second quarter of the current fiscal year reached 464.29 crore rupees, compared to 392.97 crore rupees the previous year.

For the period from April to September 2027 fiscal year, Awfis's net profit increased to 54.76 crore rupees, whereas in the same period last year it was 25.95 crore rupees. Furthermore, in the first six months of the current fiscal year, total revenue grew to 913.16 crore rupees compared to 746.01 crore rupees for the corresponding period last year.

Awfis has a presence in 18 cities and manages over 250 coworking spaces. Amit Ramani, the company's chairman of the board, noted that the company is demonstrating stable results for another consecutive quarter, supported by consistent demand for office space from large enterprises and Global Capability Centers (GCCs).

He also emphasized that the company continues to focus on enhancing service premiumness and operational efficiency. During September, the company added six new centers, bringing the total number to 254 centers with approximately 174,000 seats in 18 cities. The overall portfolio occupancy rate was 76.2%.

Indian Overseas Bank (IOB), based in Chennai, reported a 56% increase in net profit during the second quarter of the fiscal year 27, reaching 1963 crore rupees. This growth compared to 1259 crore rupees in the quarter from July to September of fiscal year 26, and is attributed to increased interest income and improved asset quality.

The bank's total income for the reporting period increased by 13%, amounting to 10,428 crore rupees. IOB's interest income in Q2 FY27 rose by 17% to 9,201 crore rupees, compared to 7,851 crore rupees in the same period last year.

Ajay Kumar Srivastava, Managing Director and CEO of IOB, noted that net interest income grew by 26% during the quarter. He also highlighted the good asset quality and low write-off levels in the system.

Net Interest Income (NII) for the quarter increased by 26.4% to 3,867 crore rupees, compared to 3,059.3 crore rupees a year earlier. Srivastava added that write-offs remained under control at 240 crore rupees, and the provisioning ratio was only 0.07%, which is one of the lowest in the banking system, and the bank consistently maintains this figure.

The Non-Performing Asset (NPA) ratio decreased by 64 basis points (bps) year-on-year (Y-o-Y) to 1.19%, while the Net NPA ratio fell by 12 bps year-on-year to 0.16%. Credit costs also decreased by 1 bp year-on-year to 0.17%. During the quarter, 647 crore rupees were recovered against NPAs, which is 2.95 times higher than quarterly write-offs. The Capital to Risk-Weighted Assets Ratio (CRAR) increased by 66 bps year-on-year to 18.60%. Return on Assets (RoA) improved to 1.53% from 1.20% last year, which is 33 bps higher. Return on Equity (RoE) grew to 24.58% from 19.95% last year, an increase of 463 bps.

The bank's total deposits increased by 20.16% to 4.07 trillion rupees from 3.39 trillion rupees. Current Account Savings Account (CASA) deposits also grew by 20.73% year-on-year to 1.65 trillion rupees, and the internal CASA ratio improved by 13 bps year-on-year to 41.14%. The volume of loans disbursed in Q2 FY27 reached 3.45 trillion rupees, showing a growth of 24.35% compared to 2.77 trillion rupees last year.

Srivastava stated that, according to preliminary estimates, IOB will require additional provisioning of about 2,600–2,800 crore rupees under Expected Credit Losses (ECL). He clarified that the bank has already created ECL provisions of about 2,700 crore rupees, meaning that 100% of the required amount is already secured in the balance sheet as projected ECL reserves.

Furthermore, he mentioned the successful performance of the gold loan portfolio and the development of several programs to meet the needs of various segments of society with competitive interest rates. Srivastava added that the jewelry loan portfolio is very sound, with outstanding loans amounting to nearly 1.36 trillion rupees, and shows no signs of stress. The bank maintains a Loan-to-Value (LTV) ratio of about 60–62%, which adequately accounts for price fluctuations.