From Tech Mahindra, Jio Financial Services, Wipro and Angel One reporting their Q2 results to Jio’s mega IPO, these are stocks to track ahead of Frida…
1/7Wipro | Bengaluru-based IT firm expects revenue growth in the Q3FY27 to range between -1.5% to 0.5% on a sequential basis in constant currency terms. In US Dollar terms, it reported revenue of $2,611.5 million, 0.1% lower than the June quarter, and in rupee terms, revenue growth stood at 0.8% to ₹24,667 crore, compared to ₹24,478.6 crore in June. Its net profit at the end of the Q2 stood at ₹3,199.7 crore compare to a net profit of ₹3,352 crore in the June quarter.
2/7Reliance Industries | Akash Ambani positions Jio Platforms to capture a significant share of India’s projected $1.4 trillion digital economy by FY31, highlighting the company’s technology capabilities, nationwide 5G network and infrastructure investments. Jio Platforms’ IPO is scheduled to open for subscription on October 21 and close on October 23, with bidding for anchor investors set to take place on October 19. The company has fixed the price band at ₹1,065-₹1,119 per equity share.
3/7Yes Bank | The Mumbai-based private lender’s shares closed 14.53% lower at ₹18.12 on NSE after after the Supreme Court ruled against the write-off carried out by the lender of its Additional Tier-1 (AT-1) bonds worth ₹8,400 crore, as part of its rescue and restructuring exercise in 2020. This is the biggest single-day fall for the stock since July 2020.
4/7Jio Financial Services | Jio Financial Services reported a 132% year-on-year rise in second-quarter income, excluding dividend income, as its lending business expanded and digital financial services gained traction. Jio Credit’s profit rose 140%, while its assets under management grew 154%.
(Photo Credit : Tech Mahindra – X)
5/7Tech Mahindra | The company declared an interim dividend of ₹15 per share and approved a 1:1 bonus issue, subject to shareholder and other applicable approvals. Profit after tax (PAT) rose 6.7% quarter-on-quarter to ₹1,586 crore from ₹1,486 crore. Revenue increased 3% to ₹16,180.2 crore from ₹15,712 crore.
6/7Angel One | The company announced an interim dividend of ₹1.40 per share. It reported a 44.7% quarter-on-quarter increase in net profit to ₹334.9 crore from ₹231.4 crore. Revenue remained largely flat at ₹1,426.9 crore, compared with ₹1,429.7 crore in the previous quarter.
7/7Persistent Systems | The firm reported a 27.2% quarter-on-quarter decline in net profit to ₹352 crore from ₹483 crore. Revenue rose 8.4% to ₹4,664 crore from ₹4,303 crore in rupee terms, while in dollar terms revenue increased 7.8% to $487.6 million from $452.4 million.