From Q2 results from major banks such as HDFC Bank, Axis Bank, IDBI Bank and PNB to earnings from real estate majors DLF and Oberoi Realty, along with…
HDFC Bank: India’s largest private lender reported a 4.7% rise in its Q2 net profit to ₹19,510 crore, while net interest income grew 9.7%. Net interest margin hit a record low of 3.16%, and treasury trading income plunged 67.4% year on year.
Axis Bank: Axis Bank’s September-quarter profit jumped 37.6% year on year to ₹7,003 crore, while net interest income rose 11.8% to ₹15,372 crore, beating estimates. Asset quality improved, with gross NPA at 1.16% and net NPA easing to 0.35%.
ICICI Bank | The lender’s net profit and NII beat estimates and asset quality improved as well. Its net profit and NII increased 20.1% and 17.7% to ₹14,843 crore and ₹25,339 crore from the year-ago period.
Yes Bank | Its net profit increased 65.14% to ₹1,080 crore while its NII was up 22.7% at 2,822 crore from last year. Its gross NPA improved to 1.2% from 1.3% sequentially while net NPA was flat at 0.2%. The lender’s provisions were at ₹317.3 crore in second quarter compared to ₹394.4 crore in the prior one and ₹419 crore in the year-ago period.
IDBI Bank: IDBI Bank’s reported Q2 profit fell 39% year on year to ₹2,206 crore, but excluding a one-off NSDL investment sale gain in the year-ago quarter, profit rose 14%. Net interest income grew 28.7%, while net interest margin expanded to 4.11%.
Central Bank of India: Central Bank of India’s Q2 net profit rose 21.1% year on year to ₹1,469 crore, supported by 26.3% growth in net interest income. Asset quality improved, with gross NPA easing to 2.39%. The board also approved fundraising of up to ₹7,000 crore via bonds.
India Cements: Subsidiary of UltraTech Cement, reported a sharp rise in second-quarter profit as operational efficiencies and higher capacity utilisation boosted earnings.
Bajaj Healthcare | Its net profit increased 26.9% while revenue was up 18.9% from last year. The company reported an EBITDA of ₹31 crore up 15.8% from the previous year. However, its margin contracted to 17.7% from 18.2% in the year-ago period.
Ixigo | The company reported a net profit of ₹61.3 crore in the September quarter compared to a loss of ₹3.2 crore in the previous year. Its revenue increased 12.9% to ₹321 crore while it reported an EBITDA of ₹18.1 crore compared to an EBITDA loss of ₹3.7 crore in the year-ago period.
Himadri Speciality Chemical | The firm reported a 28.9% year-on-year rise in net profit to ₹239.8 crore in the September quarter, while revenue grew 44.2% to ₹1,543 crore. The company is targeting a doubling of profit by FY28, backed by its expansion into battery materials and global markets. Revenue increased 44.2% to ₹1,543 crore from ₹1,070 crore.
LTM Limited | The firm declared an interim dividend of ₹25 per equity share. Its revenue increased 1.7% quarter on quarter to ₹11,807.6 crore from ₹11,608 crore. EBIT rose 2.2% to ₹1,838 crore from ₹1,799.3 crore in the previous quarter. Net profit fell 4.8% sequentially to ₹1,397.9 crore from ₹1,468.6 crore.
Punjab National Bank | PNB reported a 10.8% rise in net interest income to ₹11,601 crore in Q2, compared with ₹10,468 crore a year ago. Domestic net interest margin stood at 2.74%, up from 2.72% in the year-ago period. Net profit rose 12.8% to ₹5,532.2 crore from ₹4,903.73 crore. Gross non-performing assets declined to 2.55% from 2.78% in the previous quarter.
(Photo Credit : DLF )
DLF | Real estate firm reported a 10.3% rise in net profit to ₹1,301 crore in Q2, compared with ₹1,180 crore in the year-ago period. Revenue declined 23.3% to ₹1,261 crore from ₹1,643 crore, while EBITDA fell 91.9% to ₹23 crore from ₹284 crore. EBITDA margin contracted to 2% from 17% a year ago.
Oberoi Realty | The firm reported a marginal 0.2% rise in net profit to ₹761.7 crore in Q2, compared with ₹760 crore in the year-ago period. Revenue declined 6.1% to ₹1,671 crore from ₹1,779 crore, while EBITDA was largely flat at ₹1,019.2 crore against ₹1,020 crore a year ago.
Jindal Saw | The firm reported a 69% decline in net profit to ₹47 crore in Q2, compared with ₹152 crore in the year-ago period. Revenue rose 5.6% to ₹4,472 crore from ₹4,234 crore, while EBITDA fell 42% to ₹261 crore from ₹451 crore.
Bharat Forge | The firm has invested ₹240 crore in equity shares of its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), through a rights issue at fair value. KSSL will further invest ₹163 crore from this amount in equity shares of its wholly owned subsidiary, Agneyastra Energetics Limited (AEL), through a rights issue in one or more tranches at fair value.
RBL Bank | It has received approval from the Reserve Bank of India (RBI) for the amalgamation of Emirates NBD Bank P.J.S.C.’s Indian branches with the bank. The amalgamation will take effect from December 1, 2026. From that date, all Indian branches of Emirates NBD Bank will function as branches of RBL Bank.
