The Indian stock market was set for a quiet start to Monday's trade as global cues remained weak. As of 7.45 AM, GIFT Nifty futures were trading 1.50 points or 0.01 per cent higher at 22,609.50. Asian markets declined ahead of a week packed with central bank meetings and company earnings. Japan's Nikkei was down 0.60 per cent, while South Korea's Kospi lost 1.16 per cent. Australia's ASX 200 edged up 0.11 per cent. On Wall Street, all three major indices closed lower on Friday, with the Dow Jones Industrial Average falling 1.23 per cent, the S&P 500 losing 0.52 per cent, and the Nasdaq Composite declining 0.21 per cent.
Tata Consumer Products, KFin Technologies, Mankind Pharma, Paytm, Sona BLW Precision, Ather Energy, APL Apollo Tubes, Supreme Industries, Bank of Maharashtra, REC, and Kotak Mahindra Bank are among the key companies slated to announce their Q2 results today. According to reports from Business Standard, these earnings announcements will be closely watched by investors for insights into corporate performance during the quarter. The results come as markets navigate global uncertainties and await further developments in the AI boom.
Infosys reported strong Q2 performance with net profit rising 6.2 per cent year-on-year to ₹7,823 crore from ₹7,460 crore, though it missed estimates of ₹8,057 crore. The IT major achieved revenue growth of 10.7 per cent quarter-on-quarter to ₹49,244 crore, broadly in line with estimates of ₹49,250 crore. However, revenue in US dollar terms rose only 1.2 per cent to $5,145 million, slightly below the estimate of $5,153 million. BPCL reported a sharp operational recovery with PAT of ₹4,993 crore against a loss of ₹3,962 crore in the previous quarter, though it was below estimates of ₹5,365 crore. Dr Reddy's Laboratories posted a 36 per cent year-on-year decline in PAT to ₹913.4 crore from ₹1,347 crore, but exceeded estimates of ₹685 crore. Shriram Finance posted a 59 per cent rise in consolidated net profit to ₹3,684 crore compared to ₹2,314 crore in the same period last year, though it missed estimates by 4 per cent.
Tata Motors' commercial vehicle business swung to a consolidated net profit of ₹1,257 crore in Q2 FY27, against a loss of ₹867 crore in Q2FY26, aided by higher vehicle sales and sharp reduction in fair-value losses on investments. JSW Steel reported a remarkable 225.3 per cent YoY rise in consolidated net profit to ₹5,279 crore, led by higher sales volumes, price recovery and better cost management. BPCL faced challenges with a 22.5 per cent fall in September quarter net profit as earnings from operations weakened due to retail price freeze despite rising costs. Dr Reddy's Laboratories reported a 1.5 per cent YoY decline in consolidated revenue to ₹8,698 crore with EBITDA falling 13.9 per cent to ₹1,730 crore, though it exceeded estimates.
KEC International secured prestigious turnkey orders worth ₹2,872 crore in its Transmission & Distribution business for Design, Supply and Installation of 765 kV Transmission Lines from Power Grid Corporation of India Limited, with shares gaining more than 2 per cent. Apollo Micro Systems surged 8 per cent after reporting a 55.7 per cent year-on-year increase in Q2 consolidated profit to ₹48.4 crore and a 72.3 per cent jump in revenue to ₹388.1 crore. Kotak Mahindra Bank added 2 per cent after reporting a 29.5 per cent year-on-year jump in Q2 standalone profit to ₹4,212 crore and a 15.7 per cent rise in net interest income to ₹8,459 crore, with gross NPA improving to 1.04 per cent from 1.18 per cent quarter-on-quarter. Shriram Finance shed 5 per cent after CLSA maintained 'outperform' rating and cut target price to ₹1,100, citing higher credit costs that offset stronger pre-provision operating profit.
