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That’s a wrap for today’s Q2 Results LIVE updates.

Wishing everyone a Happy Diwali! ????

We’ll be back with more market action.

Shares of Yes Bank Ltd closed 1.89% higher at ₹22.67 after the private lender reported an 18.4% year-on-year rise in net profit for Q2FY26, supported by steady interest income and stable asset quality.

Yes Bank’s net profit increased to ₹655 crore, up from ₹553 crore in the same quarter last year. The bank has been focused on improving profitability and maintaining a healthy balance sheet since its 2020 restructuring.

Asset quality remained stable, with gross NPA at ₹4,055.3 crore versus ₹4,022 crore in the previous quarter. The gross NPA ratio stayed at 1.6%, while net NPA was ₹770.8 crore (0.3%). The provision coverage ratio (PCR) improved to 81%, up from 70% a year earlier.

L&T Technology Services Ltd (LTTS) shares closed 1.14% higher at ₹4,202 after the company reported a 15.8% year-on-year rise in revenue to ₹2,980 crore for the quarter ended September 30, 2025. Sequentially, revenue grew 4%, while net profit increased 4.1% QoQ to ₹329 crore.

CEO & MD Amit Chadha said LTTS’ “AI-first delivery model” and investments in Gen AI, Agentic AI, and Physical AI have strengthened its leadership in industrial AI. Flagship solutions like Qguard.ai, FusionWorld.ai, and AiNexus are already seeing early monetization.

The company’s patent portfolio crossed 1,600, including 216 in AI/Gen AI and 978 co-authored with clients. LTTS’ employee base stood at 23,678 at the end of Q2FY26.

Shares of Reliance Industries Ltd ended 3.61% higher at ₹1,467.90 on the NSE, after touching an intraday high of ₹1,473.80. The stock witnessed strong buying interest during the Diwali 2025 session, following the company’s September-quarter results and a series of positive brokerage reports.

About 95% of analysts covering the Nifty 50 heavyweight continue to maintain a ‘Buy’ rating, citing robust retail performance, stable net debt, and strategic growth initiatives across Jio, O2C, and New Energy segments.

As of 3:08 PM, shares of Tejas Networks Ltd were trading 8.36% lower at ₹540.40 on the NSE, after hitting an intraday low of ₹537.50.The Tata Group company reported its third consecutive quarterly loss, which weighed heavily on the stock. The company posted a net loss of ₹307 crore, driven by lower revenue and provisions for manufacturing process losses, warranty costs, and inventory obsolescence. As of 3:08 PM, shares of JSW Energy Ltd were trading 2.91% lower at ₹525.05 on the NSE, after falling to an intraday low of ₹514.00.The decline came after the company reported a 17% year-on-year drop in consolidated net profit to ₹705 crore for Q2FY26, compared with ₹853 crore in the same quarter last year. As of 2:59 PM, shares of Federal Bank Ltd were trading 6.93% higher at ₹227.10 on the NSE, after hitting an intraday high of ₹229.90.The Kerala-based lender reported a net profit of ₹955.3 crore for Q2FY26, surpassing CNBC-TV18’s poll estimate of ₹895 crore.Federal Bank said it is positioning for steady, profitable growth with a strategic focus on high-yield lending segments, even as overall loan growth remains modest. Executive Director Venkatraman Venkateswaran noted that the bank expects continued momentum in targeted areas, reflecting a measured approach to balancing growth and returns.

As of 2:54 pm, shares of ICICI Bank Ltd were trading 3.24% lower at ₹1,390 on the NSE, after touching an intraday low of ₹1,380.50. The stock declined in reaction to the lender’s Q2 results announced on Saturday, even as broader market indices traded in the green.

ICICI Bank shares are bucking the trend in an otherwise strong market session.

Crisil jumped 4.17% to ₹4,910.35 after the company reported a 12.6% rise in net profit to ₹193.1 crore for Q3 2025, backed by a 12.2% increase in income from operations to ₹911.2 crore year-on-year.

On the segmental front, the Ratings Services business delivered ₹267.6 crore in income, up 11.2% YoY.

The board has also approved a third interim dividend of ₹16 per share.

Crisil MD & CEO Amish Mehta added that the company is expanding its global benchmarking offerings in wealth management through its proposed acquisition of McKinsey’s PriceMetrix Co.

Shares of AU Small Finance Bank Ltd. surged as much as 10% to a record high on Monday, October 20, driven by strong buying interest and heavy volumes. About 73 lakh shares of the company changed hands during the day, sharply higher than the 20-day average of 7 lakh shares.

The rally follows robust second-quarter earnings and improving asset quality, which analysts expect to sustain in the near term. The lender has now shifted its focus towards accelerating growth in the coming quarters.

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In an exchange filing, the company said that the board will meet on Friday, October 24, to consider these proposals.

The record date for the same is yet to be determined.

This will be the first instance that Bharat Rasayan will be considering a bonus issue and a stock split for its shareholders.

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The company’s revenue declined 23% sequentially, which was broadly in-line with expectations, and driven by a sharp 91% decline in other (market-to-market) income.

The company’s employee costs increased 23% sequentially, due to one-off items, dragging the earnings before interest taxes, depreciation and amortisation (EBITDA) margin lower by 1980 basis points sequentially.

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RBL Bank shares have extended their gains and are currently up 8.5%.

The bank’s net interest income (NII) came in largely in line with expectations, led by a marginal expansion in net interest margin (NIM), which rose by 1 basis point sequentially to 4.51% compared with 4.50% in the previous quarter.

Emirates NBD Bank will invest up to ₹26,853 crore (approximately $3 billion) to acquire a 60% stake in the Mumbai-based private lender.

here

Nikhil Khandelwal, Managing Director, Systematix Group#JustIn | #BharatRasayan Board to consider stock spilt & bonus issue on October 24 pic.twitter.com/k0XaTH6Ys8

— CNBC-TV18 (@CNBCTV18Live) October 20, 2025

#OnCNBCTV18 | Q3 is expected to be soft quarter because of festivals; rolling out salary increments for 88% of the employees from Oct 1

No impact on financials due to challenges at #JLR; very confident about H2FY26, expect & plan to reach to 18% margin

Warren Harris, #TataTech… pic.twitter.com/YHXmjqproK

— CNBC-TV18 (@CNBCTV18Live) October 20, 2025

The stock declined 10% in trade today, witnessing its biggest single-day fall since its listing back in 2020, in response to its results.

The company’s revenue declined by 23.5% from the previous quarter, which was broadly in-line with expectations. Employee costs rose due to one-off items, which impacted the company’s margins.

UTI AMC also reported a market share loss across all key segments.

The stock declined up to 10% today but has gained over 100% from its IPO price of ₹554.

Praveen Kutty, DCB Bank On CNBC-TV18:

Expect Credit Costs To Be Between 40–45 bps By The End Of FY26

Deposit Growth Stands At 19% YoY

NIMs Have Bottomed Out & Are Expected To Expand, Barring Any Further Rate Cuts

Cost-to-income Ratio Has Declined Significantly On A Yearly Basis

Cost-to-average Assets Is Now Lower Than The Previous Quarter

We Have Exited Investments With Poor Returns

Co-lending Ratios Are Expected To Decline Below 15% In Q4

DCB Bank extends gains on the back of rising Q2 results, shares up 14%

Ashok Chandra, PNB On CNBC-TV18:

Full Impact Of 100 bps Repo Rate Cut Was Seen In Q2

Previously Indicated That There Would Be An Impact On NIMs

49% Of The Book Is Priced On Repo Rate

Expect 5-7 bps Improvement In NIMs In Q3 & Q4

Tata Technologies To CNBC-TV18:

Quarter is starting to align with the expectations we had at the start of the year

Q3 Is Expected To Be Soft Quarter Because Of Festivals

Rolling Out Salary Increments For 88% Of The Employees From Oct 1

Supporting JLR As They Are Grappling With The Cyber Security Challenge

Expect Challenges Faced By JLR To Be Tactical

No Impact On Financials Due To Challenges At JLR

Margin Impacted By One-off Consulting Charges

Very Confident About H2FY26

Expect & Plan To Get To 18% Margin

Sharad Mahendra, JSW Energy On CNBC-TV18:

Q1 Saw Negative Demand Growth

Q2 Saw 3.3% Demand Growth

India Experienced An Extended Monsoon Of Around 5 Months

Q2 Shows That Fundamentals Remain Strong

Tariffs Remained Steady At `3.93/Unit

EBITDA Growth Was Driven By Greenfield Capacity Additions

EBITDA Growth Was Driven By The Ramp-up Of KSK Mahanadi & Ind-Barath Projects As Well

Added `49,000 Cr Of Assets In The Last Year

Cash Profit Is Strong & Up 27%, Which Is More Important For Us

KSK Has Been A Wonderful Acquisition

Hind Zinc To CNBC-TV18:

Expect Silver Prices To Head Towards $50-55/oz & Remain Strong Till Next Year At Least

By Next Year Silver, Hedged At $37/oz, Should Be Exhausted

Expect Zinc Prices To Move Towards $3,000-3,100/t As Demand Is Strong

Saleable Silver Guidance Of 680 Tonne In FY26 Which Means Massive Ramp-up In Production In H2FY26

Will Announce Plans To Raise Capacity Towards 2 mt Next Month

Cost Of Production Will Move Directionally Towards $950/t From Around $990/t

Renewable Energy Contribution Will Scale Towards 25%

Operating Leverage Will Also Help In Reducing Cost Of Production

Believe Demerger Of Silver Biz Is A Step In The Right Direction & Will Be Taken Up

Anil Rai Gupta, Havells India On CNBC-TV18: 

Expecting Big Turnaround In Summer Products

Inventories Were Piled Up, Will Normalise In Q3 & Q4

Expect A Strong H2

Energy Rating Transition Will Be A Key Monitorable

Expect Some Growth In Q3, A Stronger Rebound In Q4

Benefiting From Capacity Additions In Cables

Q1 Was Strong For Wires, Saw Some Normalisation In Q2

Trends Remain Positive In Wires & Cables

Expect Strong Growth In Lloyd Business In FY26

Rajneesh Karnatak, Bank Of India On CNBC-TV18 Says:

63% Of Loan Book Linked To Repo Rate, Any Rate Cut Will Impact Cost Of Funds & Margin

Credit Cost Is Low As Bank Contained Slippages In Q2

Loan Growth Guidance Of 12-13% Is Conservative But Confident Of Beating It

Only Downside To Loan Growth Guidance Is Geopolitical Tensions

Will See 2% Increase In CRAR By The End Of FY26

The company reported a 17% growth in its core Net Interest Income (NII) to ₹596 crore from ₹509 crore it reported during the same quarter last year.

Net profit for the period increased by 19% from last year to ₹184 crore, while provisions nearly halved on a sequential basis.

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Venkatraman Venkateshwaran, Federal Bank On CNBC-TV18

Update On Fundraise To Follow After Board Meeting Concludes

Recruited New Head Of Wealth Management

Building Platform To Launch Organic Offering To Customers

Will Roll Out Wealth Offering To Customers

No Plans For Inorganic Growth In Wealth At This Stage

Had A Strong Quarter For NIMs, Improvement Completely Driven By Lower Cost Of Funds

Expect NIM Improvement Trajectory To Continue In Coming Quarters As Well

Loan Book Has Grown Strongly Across All Chosen Segments

No Specific Numbers On NIMs Shared

Growth Trajectory Expected To Remain Strong

Will Monitor Impact Of Rate Cuts

V. Vaidyanathan, IDFC FIRST Bank On CNBC-TV18: 

Expect NIMs To Improve In Q3/Q4FY26

Fixed Deposit Rates Reduced To Lower Cost Of Funds

Cost Of Funds Expected To Fall Below 6% By Q4FY26

NIMs Expected To Reach Around 5.8% By The Of End Of FY26

Credit Cost Should Go Down In H2

As Cost Of Funds Decline, RoA Expected To Improve To 1%

We’ll Be In A Strong Position In FY27

Bank Indexed To MSME Growth, Strong Credit Growth Observed

Presence In Consumption Business, Low Exposure To Corporate Loans

90% Of Loan Book Growth From Mortgages, Vehicle, Consumer & Business Financing

Profitability Growth To Moderate Due To Improving Margins & Lower Credit Costs From Next Quarters

JSW Steel To CNBC-TV18:

Despite A Monsoon Quarter, Demand Is Up 8.9% In Q2FY26

Fiscal & Monetary Policy Actions To Aid Steel Consumption

Steel Prices Have Stabilised As Supply Is Being Absorbed

Expect To See Better Steel Prices In November & December

JVML Production Near Full Capacity At Around 30 kt Per Day

Achieved A $6/t Drop In Coking Coal Costs

Coking Coal Will Be Rangebound But Could Increase By $3-5/t In Q3

Expect Steel Prices To Improve Hereon

Higher Volumes Will Mitigate Lofty Coal Costs

Shut Down One Of The Blast Furnaces In Vijayanagar For 150 Days

Believe Iron Ore Costs Will Trend Lower Hereon

Overseas Operations Have Done Reasonably Well

Expect Overseas Operations To Be Steady

Ohio Shutdown Could Weigh On US Operations In H2FY26

No Inorganic Plans As Of Now For The Company

Net Debt/EBITDA At Sub 3x Is A Good Level

Going Into 2026, Expect Further Decline In China Production

Expect 30-35 mt Reduction In Chinese Steel Production In 2026

Optimistic Improvement In China’s Economy Will Result In Lower Steel Exports

Dixon Technologies On CNBC-TV18:

On Track To Reach FY26 Mobile Volume Of 40 m, Long cheer JV Will Contribute 9 m

Out Of The Overall FY27 Volume Of 60-65 m, 8-10 m Can Come From Exports

Backward Integration Will Continue To Support Margin Improvement

Margin Can Expand By An Additional 50-60 bps Going Forward

Most Of The Margin Expansion Is Expected To Reflect In FY27-28

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