News

Federal Bank reported a net profit of ₹955.3 crore for Q2FY26, surpassing CNBC-TV18’s estimate of ₹895 crore. However, profit declined 9.6% year-on-year from ₹1,057 crore. Net Interest Income rose 5.4% YoY to ₹2,495.2 crore. Asset quality showed improvement, with Gross NPA dropping to 1.83% from 1.91% QoQ, and Net NPA remaining flat at 0.48%. Gross NPA stood at ₹4,532 crore, down from ₹4,669.7 crore, while Net NPA rose slightly to ₹1,165.2 crore. Provisions came in at ₹363 crore, lower than ₹400 crore in the previous quarter but higher than ₹158 crore YoY.

Public sector lender Punjab National Bank (PNB) is expected to report a Net Interest Income of ₹10,512 crore in 2QFY26, according to some analysts. PNB’s Profit After Tax (PAT) is likely to surge to ₹4,492 crore, rebounding from a tax-adjusted dip in 1QFY26 due to a ₹3,324 crore one-time tax impact under the new regime, they added.

By CNBC-TV18’s Gaurav Jawalkar

RBL Bank press conference scheduled for Sat, Oct 18 (5:30 pm) has been pushed to Sunday, Oct 19 (11 am). However the bank’s results will be declared today as earlier scheduled. RBL Bank was likely to announce a majority stake sale to Dubai-based Emirates NBD Bank at press conference: sources

RPG Life Sciences Ltd on Friday (October 17) reported a sharp rise in net profit for the second quarter of FY26 at ₹37 crore, compared with ₹4.2 crore in the same period last year. The company’s revenue grew 5.5% year-on-year to ₹182 crore, against ₹172 crore a year ago.

Bank of India (BOI) reported a 7.6% year-on-year (YoY) rise in net profit to ₹2,554 crore for the quarter ended September (Q2 FY26), compared to ₹2,373 crore in the same period last year, aided by healthy loan growth and improved asset quality. The lender’s net interest income (NII), however, inched down 1.2% YoY to ₹5,914 crore from ₹5,985 crore. Despite the marginal decline in NII, overall business growth remained robust.

One of India’s top banks surprised shareholders with a less-than-expected shrinking of the margin in the June quarter. Will there be an encore? Here’s what analysts expect.

The consensus on the street is that ICICI Bank may report slower profit growth and a narrower net interest margin (NIM) in the second quarter of the current financial year ending March 2026. The projections below are based on a poll of analysts covering the stock. Read full report here

Global product engineering and digital services firm Tata Technologies Ltd on Friday (October 17) reported a 5.1% year-on-year increase in consolidated net profit to ₹166 crore for the second quarter, compared with ₹157 crore in the same period last year. The company’s revenue for the quarter rose 2.1% to ₹1,323 crore from ₹1,296 crore in the year-ago quarter. Operating performance showed mixed trends, with EBITDA declining to ₹208 crore from ₹235.5 crore in the corresponding period last year. EBITDA margin contracted to 15.7% from 18.1% in Q2 FY25.

Amitabh Chaudhry, CEO of Axis Bank, said that another rate cut may not immediately boost credit growth, as rates have already been significantly reduced, and a small 25-basis-point cut is unlikely to spur credit demand on its own.

India Cements Ltd reported a sharp turnaround in its financial performance for the second quarter of FY26, posting a net profit of ₹8.8 crore compared to a loss of ₹339 crore in the same period last year. The recovery was driven by improved operational efficiency and higher sales volumes. Revenue rose 9.3% year-on-year to ₹1,117 crore, up from ₹1,022 crore in Q2 FY25. The company also reported a positive EBITDA of ₹81.7 crore, reversing an EBITDA loss of ₹163 crore in the year-ago quarter, signaling a strong rebound in profitability.

AU Small Finance Bank Ltd.’s net profit fell for the first time in six quarters with higher provisions weighing on the bottom line in the September quarter. Despite the fall, the September quarter net profit was higher than the Street view. Read full report here

Billionaire Sajjan Jindal’s JSW Energy Ltd on Friday (October 17) reported a 17.4% year-on-year decline in net profit for the second quarter, which stood at ₹705 crore, down from ₹853 crore in the same period last year. The company’s revenue fell 60% to ₹5,177.4 crore compared with ₹3,238 crore in Q2 of the previous year. Operating performance also showed a sharp decline, with EBITDA down 77.8% to ₹2,996 crore from ₹1,684.8 crore a year earlier. EBITDA margin expanded to 57.9% from 52% in the corresponding period last year.

Some of the major earnings on October 18

Jio’s ARPU is a closely watched metric among investors, as it directly influences revenue and profitability in India’s highly competitive telecom sector. Read full report here

Reliance Industries Ltd (RIL) reported strong second-quarter results, with its oil-to-chemicals (O2C) business delivering record throughput of 20.8 million tonnes and a 21% year-on-year rise in EBITDA. Read full report here

Earlier on October 17, Reliance Industries delivered a robust second quarter performance, helped by strong growth in its consumer businesses–consolidated revenues rise 10% and net profit jumps over 14% against a year ago–margins expand 110 basis points to 18%. Full report here

Q2 Results Live Updates: A busy Saturday, October 18, as a slew of major companies are scheduled to announce their September quarter earnings today. Leading the lineup are prominent banks, including HDFC Bank, ICICI Bank, Federal Bank, PNB, Yes Bank, IDBI Bank, IDFC First Bank, IndusInd Bank, J&K Bank and RBL Bank. Non-banking financial firm Can Fin Homes and asset manager UTI AMC will also report, alongside cement giant UltraTech and commercial vehicle manufacturer SML Isuzu. Adding to the anticipation is the expected announcement of a strategic deal between RBL Bank and Emirates. Stay tuned for all the latest Q2 earnings updatesNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.