ICICI Bank, HDFC Bank, Axis Bank, and Yes Bank are in focus on 19 October following their latest quarterly results. ICICI Bank saw profit soar 20.1 percent, while Axis Bank profit jumped 35.6 percent. Many other firms like Bajaj Finance and UltraTech Cement also prepare to release their earnings today.
Market Mastery
Webinar by Vishal Malkan
Find the weak links
in your portfolio by Vishal Malkan
Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, acquisitions, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
Bajaj Finance, UltraTech Cement, L&T Technology Services, Union Bank of India, Bhansali Engineering Polymers, Delta Corp, Elevate Campuses, HFCL, Hindustan Zinc, Just Dial, Piramal Finance, SML Mahindra, Sobha, Tatva Chintan Pharma Chem, Varmora Granito, and Waaree Renewable Technologies will release their quarterly earnings today.
Quarterly Earnings
ICICI Bank Q2 (Standalone YoY)
Profit soars 20.1% to Rs 14,843 crore Vs Rs 12,358.9 crore
Net interest income grows 17.7% to Rs 25,338.7 crore Vs Rs 21,529.5 crore
Provisions & contingencies fall 6.9% to Rs 850.7 crore Vs Rs 914.1 crore
Gross NPA declines to 1.20% Vs 1.38% (QoQ)
Net NPA drops to 0.30% Vs 0.35% (QoQ)
ICICI Bank seeks RBI approval for continuation of Pradeep Kumar Sinha as a Non-executive Part-time Chairperson
HDFC Bank Q2 (Standalone YoY)
Profit rises 4.7% to Rs 19,510 crore Vs Rs 18,641.3 crore
Net interest income grows 9.7% to Rs 34,619.2 crore Vs Rs 31,551.5 crore
Provisions and contingencies increase 2.1% to Rs 3,573.6 crore Vs Rs 3,500.5 crore
Gross NPA drops to 1.11% Vs 1.17% (QoQ)
Net NPA slips to 0.37% Vs 0.41% (QoQ)
Axis Bank Q2 (Standalone YoY)
Profit zooms 35.6% to Rs 7,003.3 crore Vs Rs 5,089.6 crore
Net interest income grows 11.8% to Rs 15,371.4 crore Vs Rs 13,745 crore
Provisions and contingencies sink 52.2% to Rs 1,693.7 crore Vs Rs 3,547 crore
Gross NPA falls to 1.16% Vs 1.28% (QoQ)
Net NPA slips to 0.35% Vs 0.39% (QoQ)
Axis Bank appoints Rahul Shukla as Group Head, Commercial and Bharat Banking effective October 19
Yes Bank Q2 (Standalone YoY)
Profit surges 65% to Rs 1,080 crore Vs Rs 654 crore
Net interest income jumps 22.7% to Rs 2,822 crore Vs Rs 2,301 crore
Provisions & contingencies fall 24.2% to Rs 317 crore Vs Rs 419 crore
Gross NPA declines to 1.2% Vs 1.3% (QoQ)
Net NPA remains unchanged at 0.2% (QoQ)
Urban Company Q2 (Consolidated YoY)
Loss widens to Rs 182.5 crore Vs loss of Rs 59.3 crore
Revenue grows 41.4% to Rs 537.3 crore Vs Rs 380 crore
Board approves fundraise of up to Rs 2,500 crore via equity & convertible securities
Le Travenues Technology-Ixigo Q2 (Consolidated YoY)
Profit stands at Rs 61.3 crore Vs loss of Rs 3.2 crore
Revenue increases 12.9% to Rs 320.96 crore Vs Rs 284.2 crore
LTM Q2 (Consolidated YoY)
Profit falls 0.2% to Rs 1,397.9 crore Vs Rs 1,401.1 crore
Revenue grows 13.6% to Rs 11,807.6 crore Vs Rs 10,394.3 crore
LTM declared interim dividend of Rs 25 per share
Central Bank of India Q2 (Standalone)
Profit jumps 21.1% to Rs 1,468.9 crore Vs Rs 1,212.9 crore
Net interest income soars 26.3% to Rs 4,145.2 crore Vs Rs 3,282.8 crore
Provisions & contingencies grow 79.1% to Rs 562.7 crore Vs Rs 314.1 crore
Gross NPA falls to 2.39% Vs 2.60% (QoQ)
Net NPA declines to 0.31% Vs 0.49% (QoQ)
IDBI Bank Q2 (Standalone YoY)
Profit sinks 39.2% to Rs 2,205.5 crore Vs Rs 3,627.4 crore
Net interest income surges 28.7% to Rs 4,227.7 crore Vs Rs 3,285 crore
Provisions & contingencies stand at Rs 8.55 crore Vs write-back of Rs 652.61 crore
Gross NPA falls to 2.12% Vs 2.3% (QoQ)
Net NPA rises to 0.17% Vs 0.16% (QoQ)
Punjab National Bank Q2 (Standalone (YoY)
Profit increases 12.8% to Rs 5,532.2 crore Vs Rs 4,903.7 crore
Net interest income grows 10.8% to Rs 11,601.3 crore Vs Rs 10,468.8 crore
Provisions and contingencies sink 84.9% to Rs 97.3 crore Vs Rs 643.1 crore
Gross NPA drops to 2.55% Vs 2.78% (QoQ)
Net NPA declines to 0.25% Vs 0.28% (QoQ)
Stocks to Watch
RailTel Corporation of India
The company has received a Letter of Acceptance (LoA) worth Rs 167.52 crore from the Railway Recruitment Board (RRB), Secunderabad, for AM-RMS services covering the pre-examination and post-examination stages of RRB recruitment.
GPT Infraprojects
The company has received an order worth Rs 149.5 crore from the Chief Signal and Telecommunication Engineer (CSTE), Western Railway, Bhavnagar Division, and another work order worth Rs 134.11 crore from Western Railway's Ratlam Division for signalling works.
The company has entered into a non-binding agreement to acquire a majority equity stake in Verso Altima Group D.O.O., a prominent business integrator and digital solutions provider headquartered in Zagreb, Croatia.
ACME Solar Holdings
The company's subsidiary, ACME Greentech Twenty, has executed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW assured peak power project under FDRE Tranche IX, at a tariff of Rs 6 per unit.
LCC Projects
The company has received an Acceptance of Tender from the Government of Gujarat for an engineering, procurement and construction (EPC) contract involving the supply of water from Machhu-I Dam to Triveni Thanga Reservoir and various villages in Wankaner and Chotila talukas. The contract also includes the operation and maintenance of the commissioned project for 10 years and has an estimated value of Rs 151.57 crore.
Axiscades Technologies
The board has approved the appointment of Uttam Kumar Bhageria as Chief Financial Officer (CFO)-Designate, effective October 21.
Zen Technologies
The board has approved an investment of Rs 135.15 crore to acquire a 51.98% stake in Cogknit Semantics, a Bengaluru-based defence technology company.
Bharat Forge
The company has invested Rs 240 crore in the equity shares of its subsidiary, Kalyani Strategic Systems, at fair value through a rights issue. The investment has been funded through the proceeds of the qualified institutional placement (QIP) undertaken by the company and its internal accruals.
Of the total investment, Rs 163 crore will be further invested by Kalyani Strategic Systems in its subsidiary, Agneyastra Energetics, through a rights issue.
Power Grid Corporation of India
Power Grid has been declared the successful bidder for the establishment of the 765 kV GIS Pune West transmission project on a build, own, operate and transfer (BOOT) basis, with annual transmission charges of Rs 199.55 crore.
The project involves the establishment of a new 765/400 kV gas-insulated switchgear (GIS) substation at Pune West in Maharashtra. It also includes the construction of 765 kV and 400 kV transmission lines across Maharashtra, along with the associated bays.
With this project, Power Grid has secured 10 transmission system projects in the current fiscal year to date, with cumulative annual transmission charges of Rs 7,863.63 crore.
Amber Enterprises India
The company's subsidiary, IL JIN Electronics (India), has entered into a share-swap agreement with Ramanna Rajesh Mayasandra, Harsha Venkatesh, Dwaith Advisory, Doddabidere Honappa Veena, and its subsidiary, Power-One Micro Systems Private Limited.
Under the agreement, IL JIN Electronics will acquire 1.75 lakh equity shares of Power-One, representing the remaining 40% equity stake on a fully diluted basis, from the sellers. In consideration, it will allot 1.76 lakh Series A3 compulsorily convertible preference shares (CCPS A3) to the sellers at an issue price of Rs 10,000 per share.
IL JIN Electronics has also entered into a share-swap agreement with Manju Thomas to acquire 23,401 equity shares of Ascent Circuits, representing the remaining 1.50% equity stake on a fully diluted basis. In consideration, it will allot 13,120 Series A2 compulsorily convertible preference shares (CCPS A2) to Manju Thomas at an issue price of Rs 10,000 per share.
Following the transactions, IL JIN Electronics will hold a 100% stake in both Power-One and Ascent Circuits, making them wholly owned subsidiaries of IL JIN Electronics and, consequently, of Amber Enterprises India.
Dodla Dairy
On April 24, 2026, the company submitted a representation to the Food Safety and Standards Authority of India (FSSAI) challenging the referral laboratory report and highlighting significant variations between the findings of the primary and referral laboratories.
As of the date of the clarification, the company stated that it had not received any formal order for prosecution or sanction, or any other communication from the FSSAI following the submission of its representation. The company also stated that there was no financial or operational impact at that point.
Vedanta
The company announced plans to double its annual zinc production capacity at its South African zinc operations to 5 lakh tonnes through an investment of nearly $600 million in Phase II of the Gamsberg project under Vedanta Zinc International (VZI).
RBL Bank
RBL Bank has received approval from the Reserve Bank of India (RBI) for the amalgamation of all Indian branches of Emirates NBD Bank PJSC with RBL Bank, effective December 1, 2026.
JSW Steel
The National Company Law Tribunal (NCLT), Mumbai, has sanctioned the Scheme of Amalgamation of Piombino Steel with JSW Steel.
MOIL
The company has incorporated a joint venture, MOIL MPSMCL Mining, for the mining of manganese ore.
TVS Srichakra
The company will incur additional capital expenditure of Rs 49.20 crore online balancing and debottlenecking initiatives, including the augmentation of curing capacity at its manufacturing facilities in Madurai (Tamil Nadu), and Uttarakhand.
The initiatives are aimed at increasing its two-wheeler and three-wheeler tyre production capacity by 6–7%, effective January 2027.