Market & Financials
Several companies reported their financial performances for the recent quarter. IKEA India saw a 6% increase in sales, reaching Rs 1,860 crore, with the company
aiming for profitability. Yatra Online experienced a significant surge in profit, up by 95% during July-September. JB Pharma's Q2 profit rose by 19% to Rs 208 crore, while Tata Power witnessed a 14% increase in Q2 profit, reaching Rs 1,245 crore. RITES also reported a strong performance, with its Q2 profit jumping by 32% to Rs 109 crore. However, some companies faced challenges, as evidenced by a 40% decrease in Thermax's Q2 profit, which was recorded at Rs 119 crore, and a 59% drop in Awfis Q2 profit due to a high base effect. Kolte-Patil experienced a loss in Q2, with revenue declining by 50%. PC Jeweller showed positive results with a 17% increase in Q2 profit and a 63% rise in revenue. Torrent Power's Q2 profit jumped by 50% to Rs 742 crore. Vikran Engineering saw a quadrupling of its Q2 profit, and BLS International's Q2 PAT was up 27% to Rs 185.7 crore. Bikaji Foods' Q2 profit went up by 13% to Rs 78 crore. Borosil Renewables reported a net profit of Rs 61.57 crore.
Sectoral Trends & Developments
Various sectors showcased distinct trends. The India smartphone market saw Vivo taking the lead, while Apple iPhone shipments surged. Magicbricks observed an 8% search growth, indicating increased demand for hill homes. The poultry sector is expected to grow, as per a Crisil report for FY26. In the infrastructure sector, RVNL's Q2 profit declined to Rs 230 crore, and NDEM analysis is now mandatory for highway projects. The Urban Money experienced a substantial revenue increase of 58%, reaching Rs 714 crore in FY25. The focus on technology and innovation is evident, with HFCL filing 33 patents for 5G and 6G technology, and IIT Gandhinagar launching GenAI PG diploma courses. The aviation sector has also seen updates, with BCAS making ladder point checks compulsory. Furthermore, the FinMin is reviewing PSB performance and future plans. India is also seeing increased activity in the pharmaceutical industry, with Indian pharma companies winning China drug supply bids, and Novo Nordisk cutting Wegovy prices in India. Flipkart is piloting the feasibility of long-haul electric trucks.
Policy & Regulatory Updates
Several policy and regulatory developments are shaping the business environment. States are urged to disburse industry incentives promptly. The government is focusing on smart agriculture for Viksit Bharat, as highlighted by Niti Aayog. PNB launched a digital solution for PM SVANidhi. The UP government has offered a power bill waiver, including a surcharge waiver and rebate. Wilmar received CCI nod to acquire a stake in AWL Agri. Talks are nearing completion for the India-New Zealand FTA. The UIDAI is implementing biometric updates for kids. Mandaviya announced welfare schemes for workers. The RBI governor emphasized the need for regulators to collaborate on overlaps. BNP Paribas settled an FPI violation case with Sebi. Additional announcements include defense orders for Paras Defence securing a Rs 35.68-crore order, and an export order worth Rs 42 crore for Jinkushal Industries.
Other Key Highlights
Key news includes the potential launch of 10 Yamaha models in India by 2026. The ASCI report noted that influencers are not always disclosing tie-ups. Emmvee Photovoltaic IPO was subscribed by 9% on Day 1. Arundhati Bhattacharya shared insights on reskilling after retirement and digital scams. The commodities market showed trends in Areca & Coconut prices in the Mangaluru market, with updates on bullion rates for gold and silver. TV Today Network reported a Q2 loss of Rs 1.98 crore. PTC India's Q2 profit jumped 36% to Rs 222 crore. IFC invested $60 million in the Everstone PE fund. Additionally, India and New Zealand are nearing the conclusion of FTA talks.
