Positive Buzz

• Reliance Industries (RIL): The conglomerate reported a consolidated net profit of ₹18,645 crore for Q3, driven by robust performance in its Digital Services (Jio) and Oil-to-Chemicals (O2C) segments. Revenue rose to ₹2.65 lakh crore.
• HDFC Bank: India’s largest private lender posted a net profit of ₹18,653 crore. Net Interest Income (NII) grew 6.4% YoY to ₹32,615 crore, with stable asset quality as net NPA stood at 0.42%.
• Wipro: Reported a 3.3% QoQ rise in IT revenue to ₹23,378 crore. The company announced an interim dividend of ₹6 per share and guided for 0-2% constant-currency growth in Q4.
• Yes Bank: Net profit surged 55.4% YoY to ₹952 crore, significantly aided by a 95% drop in provisions. NII grew 11% to ₹2,466 crore.
• LTIMindtree: The IT firm secured a major contract worth ₹3,000 crore from the Central Board of Direct Taxes (CBDT).
• Bharat Forge: The company announced securing new defense orders worth ₹300 crore.
• Can Fin Homes: Reported a strong set of numbers with net profit up 24.8% at ₹265 crore and NII rising 22% YoY.
• SML Isuzu: Revenue jumped 62.5% YoY, with net profit coming in at ₹17.5 crore compared to just ₹53 lakh in the previous year.
• Bharat Coking Coal: The state-run company is set to make its stock market debut today following a highly successful IPO that saw record-breaking applications.

Neutral Developments

• ICICI Bank: Reported a 4% YoY decline in net profit to ₹11,318 crore, primarily due to higher provisions following RBI-directed classification adjustments. However, NII grew 7.7% during the quarter.
• RBL Bank: Reported a sharp jump in net profit to ₹214 crore due to lower provisions, but management flagged continued slippages in the credit card portfolio.
• NTPC Green Energy: The board has approved a 50:50 Joint Venture with GAIL for renewable energy projects.
• Earnings Today: A long list of companies including LTIMindtree, BHEL, PNB, Hindustan Zinc, IRFC, and Havells India are scheduled to report their Q3 results today.

Negative News

• Jindal Saw: Reported a weak quarter with revenue down 6.2% and net profit plunging 49.1% YoY to ₹258 crore.
• Sobha: The real estate player saw revenue decline by 23% and net profit drop by 28.9% to ₹154 crore.
• JK Cement: While revenue grew 18%, net profit fell 7.9% YoY to ₹175 crore due to margin pressures.
• Global Cues: GIFT Nifty indicates a gap-down start of nearly 180 points, tracking weak global markets following fresh U.S. tariff threats regarding Greenland.

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