Mumbai, India – Several prominent Indian companies have released their financial results for the second quarter of fiscal year 2027, showcasing a mix of strong growth, sustained performance, and ongoing challenges.
Key Company Earnings Highlights
Reliance Industries (RIL), led by billionaire Mukesh Ambani, is slated to announce its Q2 FY27 financial results today, October 30, 2026. Investors are closely monitoring the conglomerate's performance across its diverse business segments for insights into its future earnings trajectory.
Deepak Nitrite demonstrated a remarkable turnaround, with its net profit for Q2 FY27 more than tripling to Rs 398 crore, compared to Rs 118.7 crore in the same quarter last year. Revenue also surged by 61.7% year-on-year, reaching Rs 3,076 crore, reflecting robust quarterly growth.
Suzlon Energy reported a 26% year-on-year increase in revenue from operations, hitting Rs 4,869 crore in Q2 FY27, driven by record quarterly deliveries of 710 MW. However, net profit after tax saw a modest 1.3% rise to Rs 394 crore on a comparable basis, excluding a deferred tax asset recognized in the prior year. The company's EBITDA margin contracted to 14.8% from 18.6%.
Trent, the retail arm, posted an 8.6% year-on-year increase in net profit, reaching Rs 490 crore for Q2 FY27. Revenue climbed 22.5% to Rs 5,788 crore, largely due to continued expansion within its retail operations.
InterGlobe Aviation, the parent company of IndiGo, recorded its third consecutive quarterly loss, with a consolidated net loss of Rs 1,879.1 crore for the July-September quarter. While this loss narrowed from Rs 2,582.1 crore year-on-year, foreign exchange losses of Rs 1,333 crore accounted for approximately 70% of the quarterly deficit. Fuel cost per available seat kilometre (Fuel CASK) rose significantly by 68.9%.
Vedanta Power delivered its strongest-ever quarterly performance in Q2 FY27, returning to profitability with a net profit of Rs 83 crore, a significant improvement from a Rs 423 crore loss in the previous quarter. Revenue increased by 11.5% sequentially to Rs 2,908 crore.
Blue Star, a manufacturer of home and commercial appliances, saw its consolidated profit rise by 25.5% year-on-year in Q2 FY27. Revenue from operations grew 21% to Rs 2,930.95 crore, though its EBITDA margin slightly decreased.
Indegene, a life sciences technology company, reported a 10% year-on-year increase in net profit to Rs 112.3 crore for Q2 FY27. Revenue from operations surged by 39.6% to Rs 1,122.3 crore, with EBITDA climbing 31.9%.
Vedanta Oil and Gas experienced a 21% sequential decline in profit for the September quarter of FY27, reaching Rs 746 crore. Revenue also slipped slightly by 0.8% quarter-on-quarter. Despite this, the company's EBITDA margin expanded significantly to 54.3%.