News

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

Expect 30-35% Revenue Growth In FY26

R. Subramaniakumar, MD & CEO To CNBC-TV18:

Don’t Expect A Big Response To Open Offer Given Offer Price Vs CMP

Emirates NBD Could End Up With Around 60% Stake In RBL Bank

Could Bring In Emirates NBD Into Name/Branding Down The Line

RBL Bank Current Capital Adequacy Around 15%, Leverage Is Around 8x

Post Deal, RBL Bank Capital Goes Up To Rs 42,000 Cr

Keeping Capital Adequacy At 15%, Around `6,000 Cr, Remaining Net Worth Around `35,000 Cr

Using Current Leverage, Can Grow Asset Book To `2.5 Lk Cr Over 3-5 Yrs Vs `1 Lk Cr Now

Ideal Capital Adequacy For RBL Bank Could Be Between 17-18%

Expect RBL Bank’s Credit Ratings To See An Upgrade From Current AA-

RBL Bank’s Cost Of Funds To Move Down 100-125 bps In 1-2 Years

RBL Bank’s NIM Can Move Up 10-15 bps In A Year, Will Keep Getting Better In Coming Years

Our RoA Will Move Higher Post Capital Infusion

MFI Business Is Near Normal, Credit Card Biz To Normalise Soon

Our RoE Will Dip In Near-term, But Move Up To 12-13% In 3-4 Years

Shares of Avantel are down over 13% on Monday after it reported a 30% decline in its overall consolidated sales for the September quarter compared to the same quarter last year.

The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 63% from last year, while margins more than halved to 23.7% from 45.7% last year.

The stock is currently the top loser on the BSE Smallcap index.

FY26 revenue guidance cut from 40-45% to 30-35%, says Dixon Tech management

DCB Bank Ltd reported a net profit of ₹184 crore for the September quarter, marking an 18.3% year-on-year increase from ₹155 crore, supported by higher interest income and controlled expense growth.

Net interest income (NII) rose 17.1% year-on-year to ₹596 crore from ₹509 crore, supported by improved net interest margins and a reduction in cost of deposits and borrowings. The bank’s net interest margin (NIM) for the quarter stood at 3.23%, up from 3.20% a year ago.

The stock is up 9.2% at the moment.

here

About 95% of the 38 analysts that have coverage on Nifty 50 heavyweight Reliance Industries Ltd. continue to maintain their ‘Buy’ recommendation on the stock after its September quarter results, that were reported after market hours on Friday, October 17.

Nomura maintains a ‘Buy’ rating with a price target of ₹1,700, citing a slight beat in Q2 driven by strong retail performance.

here

UTI AMC slips nearly 9% on Q2 earnings impact, market share loss across segments

The company reported its September quarter earnings after market hours on Friday. It reported a net loss of ₹307.17 crore in the second quarter, compared to a net profit of ₹275.18 crore in the year-ago period.

Its total revenue from operations declined 90.7% to ₹261.37 crore from ₹2,810.14 crore in the same period last fiscal.

here

The lender’s loan book grew by 10.3% from last year, and 3.2% sequentially, while deposits remained flat from the June quarter, but grew by 7.7% from the same quarter last year.

Asset quality remained stable and the management said that the margins are likely to remain rangebound in the next two quarters, and that the impact of the ECL provisions will be minimal and depend on the day of the transition.

here

AU Small Finance Bank shares are currently up 7.2%.

Net profit for the July–September quarter fell 1.8% to ₹561 crore from ₹571 crore a year earlier, but beat the CNBC-TV18 poll estimate of ₹520 crore. Sequentially, profit declined 3.4%.

Total income rose nearly 15% year-on-year to ₹5,224 crore, while provisions jumped 29% to ₹481 crore. For the first half of FY26, the lender’s net profit rose 6.3% to ₹1,142 crore.

ICICI Bank shares are currently down 2.2% at Rs 1,404.7 apiece.

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.

Reliance Industries shares are up 2.6% at the moment, reacting to their quarterly results

The bank’s Q2 net profit rose 10.8% YoY to ₹18,641.3 crore, beating estimates, supported by loan growth and improved asset quality. NII grew to ₹31,551.5 crore, GNPA fell to 1.24%, and net NPA to 0.42%.

The diversified conglomerate reported a consolidated net profit of ₹18,165 crore for Q2 FY26, up 10% YoY from ₹16,563 crore, supported by steady performance across energy, digital, and retail segments. Revenue rose 10% YoY to ₹2.55 lakh crore, while consolidated EBITDA increased to ₹45,885 crore, with operating margins improving to 18%.

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.

Pre-provision operating profit (PPOP) growth was aided by a moderation in operating expenses. However, higher provisioning during the quarter weighed on profitability, resulting in a 20% year-on-year decline in profit after tax (PAT)

here

The company reported its September quarter earnings after market hours on Friday. It reported a net loss of ₹307.17 crore in the second quarter, compared to a net profit of ₹275.18 crore in the year-ago period.

Its total revenue from operations declined 90.7% to ₹261.37 crore from ₹2,810.14 crore in the same period last fiscal.

here

Welcome to CNBC-TV18’s LIVE blog on Q2 Results. Check this space for minute-by-minute updates on stock reactions, management commentaries, guidance, concall highlights, and more.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.