Several key companies are set to announce their Q2FY27 results today, according to reports from Business Standard. The earnings calendar includes Urban Company, Federal Bank, Punjab National Bank, LTM, Bajaj Housing Finance, Crompton Greaves Consumer Electricals, DLF, Jindal Saw, Oberoi Realty, and Shoppers Stop. These companies represent diverse sectors including banking, real estate, consumer goods, and technology services.
The Indian stock market is expected to open on a strong note on Friday, as reported by Business Standard. As of 7:38 AM, GIFT Nifty futures were up 96 points at 23,082. Supporting this positive sentiment, Asia-Pacific markets were trading higher with Japan's Nikkei 225 and South Korea's KOSPI rising 1.8 per cent and 2.72 per cent, respectively. Additionally, overnight US markets showed strength with the Dow Jones Industrial Average and S&P 500 settling 1.08 per cent and 0.33 per cent higher, respectively, while the Nasdaq Composite ended 0.08 per cent higher.
Brent crude extended losses as the December futures were quoted at $105.59, down 0.32 per cent on the Intercontinental Exchange, according to Business Standard reports. This decline in crude oil prices could provide some relief to energy-intensive sectors and support broader market sentiment during today's trading session.
Wipro delivered mixed Q2FY27 results with revenue reaching $2.583 billion, beating estimates by 0.51% and marking a 1.02% increase year-over-year. However, net profit declined sequentially to ₹32 billion from ₹33.5 billion, missing the consensus estimate of ₹32.5 billion. The company's IT services operating margin improved to 16.5%, up 0.5% quarter-over-quarter, while EBIT margin expanded to 16.14% from 15.64% in the previous quarter. Earnings per share stood at ₹3.23, representing a 0.9% sequential increase and 4.2% year-over-year growth. Despite revenue beating estimates, the sequential decline in net profit suggests non-operating factors impacted the bottom line, with large deal bookings dropping 58.6% quarter-over-quarter indicating potential pressure on future growth momentum.
Several companies are expected to report robust results today, according to Business Standard reports. Jio Financial Services shows strong momentum with income, excluding dividend income, rising 132 per cent YoY in Q2, driven by expansion in lending and digital financial services. Angel One is expected to report net profit surging 44.7 per cent QoQ to ₹334.9 crore, while Tech Mahindra announced an interim dividend of ₹15 per share and approved a 1:1 bonus issue. Sri Lotus Developers & Realty reported Q2 net profit rising 77.9 per cent YoY to ₹82 crore with revenue increasing 52.5 per cent to ₹268.5 crore.
