Earnings season intensifies as banking giants post robust results. Axis Bank rallies on a 38% profit jump, while IDBI Bank surges after the government approved Fairfax's ₹52,878 crore stake acquisition. Here’s what’s moving.

Jindal SAW

• Earnings: Consolidated PAT fell to ₹470 million in Q2FY27 from ₹1.52 billion YoY, driven by EBITDA margin contraction to 5.83%. Revenue rose to ₹44.7 billion, with an order book of $1,135 million. Stock closed at ₹301.55 in the previous session, up 0.79%.

LTM

• Earnings: Net profit of ₹13,980 million missed estimates of ₹15,000 million, though revenue rose 13.6% YoY to ₹1,18,076 million. An interim dividend of ₹25 per share was declared. Stock closed at ₹4390.00 in the previous session, up 3.66%.
• Deal: Secured a multi-million dollar three-year managed services deal with a North American firm, focusing on an AI-led operating model for infrastructure and cybersecurity.

GPT Infraprojects

• Order Book: Won a ₹149.5 crore signaling contract from Western Railway, reinforcing its presence in railway infrastructure modernisation. Stock closed at ₹125.60 in the previous session, up 0.67%.

Paushak

• Earnings: Net profit jumped 57% YoY to ₹1,351 lakh in Q2FY27, supported by 52% revenue growth and expanded EBITDA margins. Stock closed at ₹826.35 in the previous session, up 4.60%.

Urban Company

• Earnings: Net loss widened 208% YoY to ₹182.48 crore due to InstaHelp segment losses, though revenue grew 41.4%. Core segments excluding InstaHelp remained profitable. Stock closed at ₹158.12 in the previous session, up 2.47%.
• Fund raise: Board approved a capital raise of up to ₹2,500 crore for strategic flexibility.

B Right Realestate

• Guidance: Plans to launch two new projects within six months, having added sites with cumulative GDV of ₹1,993 crore in H1FY27. Pre-sales surged 994% YoY to ₹54.94 crore. Stock closed at ₹915.00 in the previous session, up 1.78%.

DLF

• Earnings: Net profit rose 10.28% YoY to ₹1,301.35 crore, beating estimates despite a 23% decline in operational revenue. Margins contracted sharply but were offset by JV profits. Stock closed at ₹675.00 in the previous session, up 0.67%.
• Regulatory: Submitted applications to BSE and NSE for reclassifying Madhukar Housing shares from Promoter to Public category.

Axis Bank

• Earnings: Net profit surged 37.6% YoY to ₹7,003.28 crore on strong NII growth of 12%. Gross NPAs improved to 1.16%. Stock closed at ₹1290.00 in the previous session, up 0.16%.
• Management: Appointed Rahul Shukla as Group Head for Commercial and Bharat Banking, effective October 19, 2026.
• Deal: A large trade worth ₹154 crore occurred on NSE at ₹1,261.50 per share, signaling institutional interest.

Central Bank of India

• Earnings: Standalone net profit climbed 21.1% YoY to ₹1,468.86 crore, with NII growing 26.28%. Asset quality improved with Gross NPAs at 2.39%. Stock closed at ₹30.88 in the previous session, up 0.32%.

IDBI Bank

• Deal: Government approved Fairfax’s acquisition of a 60.72% stake for ₹52,878 crore at ₹81 per share, including plans to merge Digit and IIFL Capital. Stock closed at ₹84.12 in the previous session, up 0.80%.
• Earnings: Revenue rose 20% YoY to ₹8,510 crore, driven by a 29% jump in Net Interest Income and improved asset quality.

Bottom Line

Banking sector strength is the dominant theme, with Axis, Central Bank, and IDBI all posting positive results or regulatory tailwinds. While IT majors like LTM face margin pressure, infrastructure and realty players are buoyed by strong order books and pre-sales data.