News

Shares of Steel Authority of India Ltd. (SAIL) gained over 7% to hit a fresh 52-week high on Wednesday, October 29, ahead of their second quarter earnings.

A CNBC-TV18 poll has forecast SAIL’s revenue from operations to increase 0.6% to ₹24,822 crore in the September quarter from ₹24,675 crore a year earlier.

Operating profit is expected to decline 32% YoY to ₹1,995 crore from ₹2,913 crore, while margins are likely to contract to 8.04% from 11.81%.

here

Shares of DCM Shriram Ltd. climbed more than 7% on Wednesday, October 29, after the company reported strong earnings for the September quarter, aided by improved performance and recent acquisitions.

Net profit more than doubled to ₹158 crore, against ₹63 crore in Q2FY25.

here

SAIL shares are up 6% at the moment.

The company is set to report its earnings today.

Shares of Blue Dart Express Ltd. gained as much as 10% on Wednesday, October 29, after the logistics major reported a strong operational performance for the September quarter.

The company’s net profit rose 29.5% year-on-year to ₹81 crore, compared to ₹63 crore in the same period last year. Revenue grew 7% to ₹1,549.3 crore from ₹1,448.4 crore a year ago.

here

Shares of Computer Age Management Services Ltd. (CAMS) declined nearly 7% on Wednesday, October 29, after the company reported steady growth in its second quarter results.

It also declared an interim dividend of ₹14 per share. Earlier this month, the company had also announced a stock split in a 1:5 ratio.

CAMS reported its all-time high quarterly revenue of ₹376 crore in the second quarter, which increased 6.4% sequentially.

here

CreditAccess Grameen’s July-September quarter (Q2FY26) numbers were better than expected, but the near-term outlook remains mixed, according to CLSA. The brokerage maintained its hold rating on the stock and raised its target price to ₹1,600 per share.

The company reported a profit after tax (PAT) of ₹130 crore in the second quarter, which was 52% higher than CLSA’s estimates. The earnings surprise was largely driven by lower provisioning expenses and higher other income.

here

The stock is down 6.5% at the moment post results

Shares of Computer Age Management Services Ltd. (CAMS) are in focus on Wednesday, October 29, after the company reported steady growth in its second quarter results.

It also declared an interim dividend of ₹14 per share. Earlier this month, the company had also announced a stock split in a 1:5 ratio.

here

CLSA On Shree Cement:

Outperform Call, Target Price At Rs 32,300

Q2 EBITDA In-line, With Vol Growth Of 4% YoY & EBITDA/Tonne Of `1,078

Believes Co Has Traded Market Share For Realisation Over The Last Few Quarters

With Its Target Share Of Premiumisation Achieved, It Has Guided For Growth In-line

Expects Demand Tailwinds Post The Festive Season To Lift The Sector

The company reported second-quarter results largely in line with Street expectations. The company posted a consolidated net profit of ₹638 crore, marginally below the CNBC-TV18 poll estimate of ₹640 crore and down 25.9% year-on-year from ₹861 crore. Revenue from operations rose 4.2% to ₹11,685 crore, above the poll estimate of ₹11,154.6 crore, while EBITDA stood at ₹2,080.5 crore versus an estimate of ₹1,962 crore.

Shares of Tata Capital Ltd. are in focus on Wednesday, October 29, after the company reported its second quarter earnings a day prior along with expectations of better Return on Assets (RoA) compared to current levels.

During the September quarter, Tata Capital’s net profit increased by 11% to ₹1,097 crore from ₹990 crore in the previous quarter.

here

The company reported a net profit of ₹164 crore for the second quarter, down 11.9% from ₹186 crore in the same period last year. Revenue for the quarter rose 19.6% year-on-year to ₹1,576.4 crore from ₹1,318.5 crore in Q2 FY25, driven by higher volumes across its CNG and PNG segments. EBITDA for the quarter was ₹295.1 crore, a decline of 3.5% from ₹305.8 crore in the corresponding quarter last year. The company’s operating margin fell to 18.7% from 23.2% in Q2 FY25.

Welcome to CNBC-TV18’s LIVE Blog on the September quarter results. Watch this space for LIVE Updates, management commentary, guidance, stock reactions, and more.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.