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ICICI Bank posted a net profit of ₹12,359 crore, up 5.2% year-on-year (YoY) from ₹11,746 crore, exceeding the CNBC-TV18 poll estimate of ₹11,933 crore. Net interest income (NII) rose 7.4% YoY to ₹21,527.5 crore, slightly above expectations of ₹21,284 crore, supported by strong loan growth and stable margins.

For the quarter ended September 2025, HDFC Bank reported a net profit of ₹18,641.3 crore, up 10.8% year-on-year (YoY) compared to ₹16,821 crore in the same period last year. The number also surpassed the CNBC-TV18 analysts’ poll estimate of ₹17,252 crore, underscoring better-than-expected operational performance. The bank’s net interest income (NII) — the difference between interest earned and interest expended — rose 4.8% YoY to ₹31,551.5 crore, slightly above the Street estimate of ₹31,298 crore. On the asset quality front, HDFC Bank continued its steady improvement. Gross non-performing assets (GNPA) fell to ₹34,289.5 crore from ₹37,040.8 crore in the previous quarter, while the GNPA ratio improved to 1.24% from 1.40% QoQ. Similarly, net NPAs declined to ₹11,447.3 crore versus ₹12,276 crore in the June quarter, with the net NPA ratio easing to 0.42% from 0.47%. Provisions for the quarter came in at ₹3,500.5 crore, sharply lower than ₹14,441.6 crore in the previous quarter, though higher than ₹2,700.5 crore in the year-ago period.

Punjab National Bank (PNB) delivered a solid performance in Q2FY26, posting a 14% year-on-year increase in net profit to ₹4,904 crore, up from ₹4,304 crore. Despite a marginal 0.5% decline in Net Interest Income (NII) to ₹10,469 crore from ₹10,516.7 crore, the bank’s bottom-line growth reflects improved operational efficiency and lower provisioning. Asset quality showed notable improvement. Gross Non-Performing Assets (NPA) declined to ₹40,343.3 crore from ₹42,673 crore QoQ, bringing the Gross NPA ratio down to 3.45% from 3.78%. Net NPA also eased to ₹4,025.8 crore from ₹4,132.2 crore, with the Net NPA ratio improving to 0.36% from 0.38%.

SML Isuzu reported a modest performance for Q2FY26, with net profit declining 3.7% year-on-year to ₹21 crore from ₹22 crore. Revenue saw a slight uptick of 1%, reaching ₹555 crore compared to ₹549.7 crore in the same period last year. EBITDA dropped 6.5% YoY to ₹42 crore, down from ₹44.8 crore, reflecting pressure on operating efficiency. Margins narrowed to 7.6% from 8.2% YoY, indicating cost challenges despite stable top-line growth. The results suggest a cautious outlook as the company navigates margin headwinds while maintaining steady revenue momentum in a competitive commercial vehicle market.

Information and Broadcasting Minister Ashwini Vaishnaw said festive consumption had surged, with electronics sales up 20–25% year-on-year during Navratri.

“Even 85-inch TVs were completely sold out,” he noted, citing robust upgrades in smartphones, air conditioners, and washing machines across income groups.

Vaishnaw added that electronics manufacturing was growing at a double-digit CAGR, directly employing 25 lakh people. Exports of smartphones to the U.S. have also risen, he said, while India’s second semiconductor plant began production last week.

He projected a 10% increase in total consumption this year—amounting to ₹20 lakh crore more than last year—driven by GST rate cuts and rising demand. “We are closely monitoring prices, and except for Portland cement, tax benefits are being passed on to consumers,” he said.

Commerce Minister Piyush Goyal called the reforms a “double dhamaka” for the economy, combining GST simplification with personal income tax relief. “This year, the Prime Minister and the Finance Minister have invited Goddess Lakshmi to every Indian home,” he said, referring to the festive timing of the relief measures. He highlighted a ₹2.5 lakh crore boost in personal income tax savings, which he said was already reflecting in higher consumer spending. Goyal pointed to the IMF’s upward revision of India’s growth forecast and S&P’s recent rating upgrade as indicators of strong fundamentals. “Inflation control has been a combined effort of the Finance Ministry and RBI,” he said, adding that “2025 will be a memorable year for all earners.”

Finance Minister Sitharaman said the GST Council had “unanimously agreed that reforms were due and must be implemented before Diwali.” She added that rate reductions, slab rationalisation, and simplified registration processes were completed well in time for the festive season. “The people of India have received GST reforms well,” the minister said, asserting that the new structure would make compliance easier and benefit both consumers and businesses.#2QWithCNBCTV18 | #YesBank reports #Q2Results ????

????Net profit up 18.4% at ₹655 cr vs ₹553 cr (YoY)

????NII up 4.6% at ₹2,300 cr vs ₹2,200 cr (YoY) pic.twitter.com/xcuoxVEeTg

— CNBC-TV18 (@CNBCTV18Live) October 18, 2025

Yes Bank reported a strong Q2FY26 performance with net profit rising 18.4% year-on-year to ₹655 crore, up from ₹553 crore. Net Interest Income (NII) also saw a 4.6% YoY increase, reaching ₹2,300 crore compared to ₹2,200 crore last year, reflecting steady core operations. Asset quality remained stable during the quarter. Gross NPA stood at ₹4,055.3 crore, marginally up from ₹4,022 crore QoQ, but the ratio held flat at 1.6%. Net NPA declined slightly to ₹770.8 crore from ₹797.3 crore, maintaining a flat ratio of 0.3%. Provisions rose to ₹419 crore, up from ₹284 crore in the previous quarter and ₹297 crore YoY, indicating a cautious stance amid evolving credit conditions.

Federal Bank has announced a board meeting on October 24 to consider fundraising plans, following a robust performance in the second quarter of FY26. The bank emphasised that retail continues to be the primary driver of credit growth, while its repo-linked book has reduced from 53% to 48% over the past year. Management expressed optimism about corporate credit growth, citing strong acquisition financing prospects and the benefits of the Large Exposure Framework. Federal Bank believes it is well-positioned to leverage RBI measures to expand its corporate book. While Net Interest Margin (NIM) improvement is underway as part of a structural shift, the bank remains cautious on microfinance and personal loan segments, avoiding aggressive expansion in those areas. “We are working to improve profitability and NIMs, and remain mindful that growth must be profitable,” the bank stated, adding that demand recovery and GST cuts could further support credit growth in the coming quarters.

Silver was trading at ₹172 per gram, or ₹1,72,000 per kilogram, down ₹13 per gram from Friday, according to data from Good Returns. The drop comes after prices surged close to ₹1.8 lakh per kg, reflecting nearly 100% gains in 2025 so far, driven by strong industrial demand and global safe-haven inflows.

Federal Bank reported ₹955.3 crore net profit in Q2FY26, beating estimates. NII rose 5.4% YoY, while asset quality improved with Gross NPA down to 1.83%. Provisions stood at ₹363 crore, reflecting stable credit performance.#2QWithCNBCTV18 | #FederalBank reports #Q2Results ????

????Net profit at ₹955.3 cr vs CNBC-TV18 poll of ₹895 cr

????Net profit down 9.6% at ₹955.3 cr vs ₹1,057 cr (YoY)

????NII up 5.4% at ₹2,495.2 cr vs ₹2,367.3 cr (YoY) pic.twitter.com/ETyhQPcMvm

— CNBC-TV18 (@CNBCTV18Live) October 18, 2025

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.