PRE-MARKET INDIAN STOCKS NEWS: Earnings including Infosys, Bharat Petroleum, Bank of India, IndusInd Bank, Kotak Mahindra Bank, Tata Motors CV
The pre-market report covers varied Q2 FY27 company results, an Infosys guidance reduction, YES Bank’s AT1-bond review, and Jio Platforms’ expected IPO allotment.
News detail
Bank of India (BOI IS) - Co. Q2 FY27 (INR) net rose 25.3% Y/Y to 32.02bln, operating profit rose 33.2% Y/Y to 50.89bln, NII rose 18.5% Y/Y to 70.07bln, gross NPA declined to 1.60% (prev. 1.81% Q/Q) and net NPA to 0.42% (prev. 0.51% Q/Q). (Economic Times) Bharat Petroleum Corporation (BPCL IS) - Co. Q2 FY27 (INR) net profit 49.93bln (prev. loss 39.62bln Q/Q), EBITDA 89.71bln (prev. loss 40.77bln Q/Q). (Economic Times) Coforge (COFORGE IS) - Co. Q2 FY27 (INR) net rose 56.5% Y/Y to 5.88bln, supported by a full-quarter contribution from its USD 2.35bln acquisition of Encora, with net rising 13.4% Q/Q. (Economic Times) Dr Reddy's Laboratories (DRRD IS) - Co. Q2 FY27 (INR) net fell 36% Y/Y to 9.13bln, EBITDA fell 24.2% Y/Y to 17.83bln, rev. fell 1.5% Y/Y to 86.71bln, EBITDA margin 20.6% (prev. 26.7% Y/Y). (Economic Times) IDFC First Bank (IDFCFB IS) - Co. Q2 FY27 (INR) net 10.45bln (prev. 3.52bln Y/Y), operating profit rose 35% Y/Y to 25.38bln, NII rose 21% Y/Y to 61.85bln, with asset quality improving Q/Q. (Economic Times) IndusInd Bank (IIB IS) - Co. Q2 FY27 (INR) net profit 11.76bln (prev. loss 4.45bln Y/Y), operating profit rose 37% Y/Y to 27.78bln, NII rose 3.6% Y/Y to 45.70bln. (Moneycontrol) Infosys (INFO IS) - Co. Q2 FY27 (INR) net rose 6.2% Y/Y to 78.23bln, rev. rose 10.7% Y/Y to 492.44bln, lowered FY27 constant currency revenue growth guidance to 1-2% (prev. 1.5-3%). (Moneycontrol) Kotak Mahindra Bank (KMB IS) - Co. Q2 FY27 (INR) net rose 29.5% Y/Y to 42.12bln, operating profit rose 21.1% Y/Y to 63.82bln, NII rose 15.7% Y/Y to 84.59bln. (Economic Times) Tata Motors (TMCV IS) - Co. Q2 FY27 (INR) net profit 12.57bln (prev. loss 8.67bln Y/Y), rev. rose 36.3% Y/Y to 253.38bln. (Moneycontrol) Torrent Pharmaceuticals (TRP IS) - Co. Q2 FY27 (INR) net fell 9.6% Y/Y to 5.34bln, rev. rose 50.8% Y/Y to 49.79bln. (Moneycontrol) YES Bank (YES IS) - Co. is evaluating the Supreme Court's judgment concerning its Additional Tier 1 bonds and assessing available options, noting that bond terms provide discretion over coupon payments and confirming enquiries from certain bondholders. (Economic Times) Other News Jio Platforms - Co.'s INR 302bln IPO share allotment is expected to be finalised on October 26, ahead of its proposed stock market listing on October 28. (Moneycontrol)
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