Indian equity markets are anticipated to open with a flat to positive bias on Tuesday, October 13, 2026. This outlook comes amidst elevated crude oil prices, ongoing inflation concerns, and foreign institutional investor (FII) outflows. GIFT Nifty futures on the NSE International Exchange were up 33 points, or 0.15 percent, trading at 22,419.50, signaling a potential positive start for the domestic market.
Key Q2 Earnings Highlights
Several prominent companies have reported their second-quarter (Q2 FY27) financial results, showcasing significant growth:
HCL Technologies
The IT solutions giant recorded a substantial 21.2 percent year-on-year (YoY) increase in net profit, reaching Rs 5,132 crore for the September 2026 quarter. Revenue also grew by 11.5 percent YoY to Rs 35,620 crore. Earnings Before Interest and Taxes (EBIT) rose 16.5 percent YoY to Rs 6,465 crore, with EBIT margins improving by 80 basis points to 18.2 percent. The company's board also approved an interim dividend of Rs 12 per share.
ICICI Prudential Asset Management Company
The mutual fund major reported a 6.1 percent YoY rise in net profit, totaling Rs 889 crore, for the second quarter of FY27. Revenue increased by 16.3 percent YoY to Rs 1,673.8 crore. Its quarterly average Assets Under Management (AUM) expanded by 14.4 percent YoY to Rs 11.61 lakh crore. An interim dividend of Rs 30 per share was declared, with October 21 set as the record date.
RBL Bank
The private sector lender announced an impressive 170 percent YoY surge in net profit, reaching Rs 482 crore for the quarter ending September 30, 2026. Net interest income (NII) climbed 37 percent YoY to Rs 2,131 crore, while operating profit grew 92 percent YoY to Rs 1,396 crore. The bank also saw improvements in its asset quality, with non-performing assets (NPAs) decreasing at both gross and net levels.
Corporate Actions and Other Developments
Beyond earnings, several companies are in focus due to corporate actions and other significant news:
- Ola Electric Mobility: Shares will trade ex-date for a rights issue today.
- AvenuesAI: Shares will trade ex-date for the consolidation of equity shares.
- TD Power Systems: The power transmission company successfully closed its Qualified Institutional Placement (QIP) issue on October 12, raising Rs 600 crore by allotting 77.41 lakh shares at Rs 775 each. Notable investors included Axis MF, Canara Robeco MF, ICICI Prudential Asset Management, and Societe Generale.
- Ircon International: The state-run railway firm secured an Engineering, Procurement, and Construction (EPC) order worth Rs 862.5 crore from East Central Railway in Bihar.
- Goodluck India: Its subsidiary, Goodluck Defence & Aerospace, has been technically qualified to supply specialized 155 mm HE M1A4 ready-to-fill artillery shells to Munitions India (MIL).
- Karur Vysya Bank: The private lender has partnered with Zurich Kotak General Insurance Company to distribute general insurance products to its customers.
- Bank of India: The state-run bank classified the non-performing asset account of Future Enterprises, amounting to Rs 575.4 crore, as fraud.
- Polycab India: The National Stock Exchange (NSE) has decided to exclude Polycab India from the equity derivatives segment after shortlisting its shares under the Insolvency and Bankruptcy Code (IBC) framework. No new F&O contracts will be introduced after the October 2026 contracts expire.
- Cohance Lifesciences: Umang Vohra has been approved by the Ministry of Corporate Affairs as the new Chairman and Group Chief Executive Officer (CEO).
- Plastiblends India: The industrial compounds manufacturer reported a 43.3 percent YoY jump in net profit to Rs 10.65 crore for Q2FY27, with revenue increasing 18.81 percent YoY to Rs 228.84 crore.
- Vikran Engineering: Its subsidiary, NOPL Solar Projects, secured a rupee term loan facility of Rs 2,941.19 crore from the Indian Renewable Energy Development Agency (IREDA) to part-finance a 969 MWac/1,163 MWp solar photovoltaic power project.
- CreditAccess Grameen: The NBFC signed a syndicated social loan facility agreement worth $175 million, qualifying as external commercial borrowing (ECB) under RBI's automatic route.