From Tata Tech, HDB Financial and Bajaj Consumer Care reporting their Q2 earnings to CCEA approving the strategic sale and restructuring of IDBI Bank…
1/7HDB Financial Services | The NBFC firm reported a 34% year-on-year (YoY) rise in net profit to ₹780 crore for Q2FY27, compared with ₹581 crore in the corresponding quarter last year. Net interest income (NII), rose 15.5% YoY to ₹2,534 crore, from ₹2,193 crore a year earlier. Company’s board declared an interim dividend of ₹2 per equity share with a face value of ₹10 each.
2/7IDBI Bank | After years of back and forth, CCEA clears strategic restructuring of IDBI Bank for 52, 878 cr. Fairfax Finacials chosen as the qualified bidder for IDBI stake sale,Govt and LIC will retain 34% stake in restructured entity. For the fresh financial bids benchmark price was set at ₹75.99/share and the best offer bid came in at ₹81 which was accepted.
3/7CSB Bank | As RBI norms restrict a promoter from holding controlling stakes in multiple banks, Fairfax will either have to merge CSB Bank with IDBI Bank or exit its CSB Bank holding. The approved restructuring framework envisages a merger route within two years.
4/7Reliance Industries | RIL filed the Red Herring Prospectus (RHP) for the IPO of its subsidiary Jio Platforms (JPL) with the Registrar of Companies, Gujarat, at Ahmedabad. The IPO will open for subscription on Wednesday, October 21, and close on Friday, October 23, 2026. The anchor investor bidding date has been set for Monday, October 19. The IPO will include a reservation of equity shares worth up to ₹500 crore for eligible employees and up to ₹2,500 crore for eligible Reliance Industries shareholders.
5/7Tata Technologies | Company reported a 5% YoY decline in consolidated net profit to ₹171.4 crore for Q2FY27, compared with ₹181 crore in the year-ago period. The company’ revenue in US dollar terms rose 22% year-on-year in constant-currency terms, while services segment revenue grew 26%. Company said it is confident to deliver strong double-digit growth for the full year.
6/7Aeroflex Industries Ltd | The firm plans to invest ₹202 crore by March 2028 to expand manufacturing capacity across stainless steel (SS) hoses, hose assemblies and liquid cooling systems, as it looks to tap rising demand from data centres and other industrial applications. At peak capacity utilisation, the expanded facilities are expected to generate an additional ₹500-550 crore in revenue, the company said.
7/7Bajaj Consumer Care | The firm reported a 67.1% year-on-year (YoY) increase in net profit to ₹70.2 crore for the September quarter, compared with ₹42 crore in the year-ago period. Revenue rose 25.7% YoY to ₹333 crore from ₹265 crore, while EBITDA surged 70.8% to ₹82 crore from ₹48 crore. EBITDA margin expanded to 24.7% from 18.1% a year earlier.
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