MARCO RUBIO SAYS CLOSE TO FINALIZING INDIA TRADE DEAL

TATA TECHNOLOGIES : Q2 FY27 CONCALL HIGHLIGHTS

📈 REVENUE
▪️ Revenue: ₹1,699 Cr | Up 2.1% QoQ
▪️ Services Revenue: ₹1,356 Cr | Up 4.3% QoQ
▪️ Revenue growth: 22.2% YoY in constant currency (USD terms)

💰 PROFITABILITY
▪️ Net Profit: ₹171 Cr vs ₹166 Cr YoY
▪️ EBITDA: ₹273 Cr | Up 31.5% YoY
▪️ EBITDA Margin: 16.1%
▪️ EBIT: ₹239 Cr | Up 25.3% YoY

🚗 ORDER WINS
▪️ Secured 5 large deals during Q2.
▪️ Won a $138 million (approx. ₹1,150 Cr) full-vehicle engineering programme from a leading European luxury automaker.
▪️ Secured an end-to-end vehicle platform development programme from a North American commercial vehicle manufacturer.

TATA TECHNOLOGIES : Q2 FY27 CONCALL HIGHLIGHTS

🎯 MANAGEMENT GUIDANCE
▪️ Reiterated double-digit consolidated revenue growth for FY27.
▪️ Expects margin improvement in Q3 and Q4.
▪️ Confident of sustaining strong double-digit growth over the coming years.

✈️ GROWTH DRIVERS
▪️ Aerospace emerging as a second growth engine.
▪️ BMW TechWorks India contribution: ₹19.7 Cr, including deferred income.
▪️ Nearly 1,000 employees developing and deploying AI agents.

⚠️ CHALLENGES
▪️ Demand remains subdued in parts of the Germany business.
▪️ Management expects conditions to stabilise in 2027.

HDB says

NIM At 8.2% Vs 7.9% Expected, Maintaining Guidance Of 8.1%

Our Focus In Rural Markets Is On Secured Lending

Q2 Is The Slowest Quarter Due To Festivals

Will Be Better As Disbursement Growth Picks Up

FEDERAL BANK:

CO SAYS NIIM TO IMPROVE AHEAD CASA RATIO WILL TURN UPWARDS ON TRACK TO MEET BUSINESS GUIDANCE: INTERVIEW

RISHABH INSTRUMENTS:

STRATEGIC SALE MAY SEE DEVELOPMENTS THIS WEEK; OPEN OFFER COULD FOLLOW - SOURCES

HFCL Q2 FY27

Net Profit: ₹394.2 Cr ↑448% YoY | ↑61% QoQ

Revenue: ₹2,541.8 Cr ↑144% YoY | ↑33% QoQ

EBITDA: ₹630 Cr ↑231% YoY | ↑52% QoQ

Margins: 24.8% vs 18.2% YoY | 21.6% QoQ

UNION BANK OF INDIA Q2 FY27

Net Profit: ₹5,537.2 Cr ↑30% YoY | ↑4% QoQ

NII: ₹10,582.7 Cr ↑20% YoY | ↑5% QoQ

Operating Profit: ₹8,108 Cr ↑19% YoY | ↑1% QoQ

Provisions: ₹701 Cr ↓50% YoY | ↓28% QoQ

Gross NPA: 2.4% vs 3.3% YoY | 2.6% QoQ

UNIONBANK: Q2 FRESH SLIPPAGES AT 18.6B RUPEES VS 20.6B (QOQ)

POWER MECH PROJECTS LIMITED: CO. SECURES ORDER WORTH ₹327.35 CRORES FROM VEDANTA ALUMINIUM METAL LIMITED FOR OPERATION AND MAINTENANCE OF COAL-FIRED CO-GENERATION POWER PLANT; CONTRACT PERIOD OF 48 MONTHS

ULTRATECH Q2 : Domestic volumes up 13.8%

ULTRATECH CEMENT Q2 FY27 : ACTUAL VS ESTIMATES

• NET PROFIT AT ₹1,501 CR VS EST ₹1,553 CR — MISS BY 3.35% 🔴

• REVENUE AT ₹23,295 CR VS EST ₹22,490 CR — BEAT BY 3.58% 🟢

• EBITDA AT ₹3,721 CR VS EST ₹3,610 CR — BEAT BY 3.07% 🟢

• EBITDA MARGINS AT 16.0% VS EST 16.05% — MISS BY 5 BPS 🔴

ULTRATECH CEMENT Q2 FY27

Net Profit: ₹1,493.8 Cr ↑21% YoY | ↓43% QoQ

Revenue: ₹23,295.1 Cr ↑19% YoY | ↓5% QoQ

Operating Profit: ₹3,721 Cr ↑20% YoY | ↓26% QoQ

Margins: 16.0% vs 15.8% YoY | 20.4% QoQ

NATCO PHARMA LIMITED: CO. LAUNCHES CARBOPLATIN INJECTION, A GENERIC VERSION OF PARAPLATIN® IN THE U.S. MARKET; PRODUCT ADDRESSES CRITICAL SHORTAGE; ESTIMATED SALES OF USD 27.8 MILLION

Muhurat Trading may shift to afternoon again as market participants urge exchanges, 2:20-3:20 pm slot under discussion: Sources

Brokers have sought daytime trading on Diwali to help market employees celebrate with families

ULTRATECH CEMENT LIMITED: BOARD ANNOUNCES CHANGES IN MANAGEMENT; MR. K. K. MAHESHWARI RESIGNS AS NON-EXECUTIVE VICE CHAIRMAN

ULTRATECH: CO Q2 CEMENT VOLUME GROWTH 14% VS EXPECTATIONS OF 15%

ULTRATECH CEMENT Q2 FY27 ; REGIONAL CEMENT DEMAND TRENDS

• NORTH 🟢: Strong infrastructure demand, supported by Delhi–Amritsar and Mumbai–Delhi Expressway projects. Commercial, housing and rural demand also grew.

• CENTRAL 🟢: Infrastructure demand increased, driven by road, airport, metro and thermal power projects. Housing and rural demand remained strong.

• EAST 🔴: Infrastructure demand remained weak due to delayed fund flows, floods in Bihar and Assam, and a cyclone in Odisha. Commercial, housing and rural demand remained broadly stable.

• WEST 🟢: Strong infrastructure demand from Mumbai Metro, expressways, wind turbine projects and solar parks. Commercial, housing and rural demand also increased.

• SOUTH 🟡: Infrastructure demand remained subdued due to slower project execution and aggregate supply disruptions. Commercial, housing and rural demand registered growth.