Reliance Industries | The company said it is examining the implications of fresh restrictions imposed by the European Union, the United Kingdom and the United States on imports of Russian crude oil and export of refined products to Europe. The company stated it would comply with EU guidelines governing product imports into the bloc and fully follow any direction issued by the Indian government.
Kotak Mahindra Bank | The lender’s net interest income grew by 4% from last year to ₹7,311 crore, while its net profit saw a drop of 3% from the year-ago period to ₹3,253 crore. Advances grew by nearly 16% from last year, while deposit growth stood at 14.6%. Asset quality saw a marginal improvement from the previous quarter, provisions were down on a sequential basis, while Net Interest Margins (NIMs) declined by 11 basis points from last year. The management said during its earnings call that it has completed its due diligence to acquire the government’s stake in IDBI Bank.
Ola Electric Mobility | The company’s board approved raising a sum of ₹1,500 crore through various methods such as the issue of equity shares or convertible securities, rights issue, QIP, private placement, or other methods permissible under law. The stock remains below its IPO price of ₹76.
Coforge | The company’s revenue growth was in-line with expectations at 5.9%, while the EBIT margin expansion of 80 basis points to 14% was ahead of expectations. Order wins stood at $514 million, taking the total order book to $1.63 billion. The management believes that H2 will continue to see robust growth and the fourth quarter is seasonally the strongest for the company. It also expects margins to be at 14% for the full year as well.
Dr Reddy’s Laboratories | Hyderabad-based drug major reported a net profit of ₹1,347 crore for the September quarter (Q2 FY26), up 7.3% year-on-year from ₹1,256 crore, though slightly below the CNBC-TV18 poll estimate of ₹1,403.7 crore. The company’s revenue increased 9.8% YoY to ₹8,828 crore, compared with ₹8,038 crore in the same period last year, surpassing the poll estimate of ₹8,595.4 crore.
Eclerx | The board has approved a share buyback of not more than 6,66,666 equity shares of the company worth ₹300 crore. The buyback price has been fixed as ₹4,500 per share, which is nearly the same price at which the stock closed on Friday. The company’s revenue grew by 5.4% on a constant currency basis during the quarter sequentially. EBIT margins stood at 24.7%.
Dr. Lal Pathlabs | The company’s board will meet on Friday, October 31, to consider a bonus issue of shares, an interim dividend, as well as results for the September quarter.
Indian Oil Corporation | The company has secured significant relief in an ongoing income-tax dispute for the Assessment Year 2016-17. The Commissioner of Income-tax (Appeals) has partly allowed the company’s appeal, granting relief of ₹1,102.91 crore against the contested tax and interest demand of ₹1,194.07 crore. IOCL said the balance disputed amount of ₹91.16 crore will now be taken up before the Income-tax Appellate Tribunal.
SBI Card | Leading pure-play credit card issuer reported a 10% year-on-year increase in net profit for Q2 FY26, reaching ₹445 crore, up from ₹404 crore in the same period last year. The company’s revenue grew 12.2% YoY to ₹4,960 crore, compared with ₹4,421 crore in Q2 FY25. Asset quality showed improvement, with gross non-performing assets (GNPA) declining to 2.85% from 3.07% sequentially. Net NPA also fell to 1.29% from 1.42% in the previous quarter.
RailTel | The company said the work order worth ₹209.78 crore was cancelled by the Bihar Education Project Council (BEPC). The order was originally issued under the State Project Director, BEPC, for execution of the ‘Education Quality Enhancement Project’ under the PM‑SHRI initiative in Bihar, with an aim to strengthen digital and educational infrastructure. According to RailTel’s disclosure, the cancellation was effected due to unavoidable reasons.
Supreme Petrochem | Petrochemicals company reported a net profit of ₹148 crore for Q2 FY26, up 63% year-on-year from ₹91 crore. Revenue for the quarter declined 55% to ₹1,117 crore compared with ₹2,519 crore in the same period last year. The company’s EBITDA stood at ₹78.7 crore, down 59.6% from ₹194 crore in Q2 FY25. EBITDA margin was at 7%, slightly lower than 7.7% in the year-ago period.
IRCON International | State-owned engineering and construction firm, said it has announced that its joint venture with Finolex J-Power Systems Ltd has received a Letter of Award (LOA) from Maharashtra State Electricity Transmission Company Ltd (MSETCL) for a turnkey works contract valued at ₹168.40 crore (excluding GST). The project involves the construction of a 220kV double circuit (D/C) transmission line from the 400/220kV Koradi-II Substation to the Mankapur Substation (overhead and underground) under the Nagpur Zone.
NTPC | India’s largest integrated power utility has signed a pact with Public Sector Undertaking (PSU) Engineers India Ltd (EIL) to develop a Coal-to-Synthetic Natural Gas (SNG) facility. In a step aimed at managing peak-hour power generation for improvement in grid stability, NTPC is actively looking towards coal gasification and synthetic natural gas production.
I agree | State-owned company said it has entered into two strategic Memorandums of Understanding (MoUs) with Adani Cement, one of India’s leading cement manufacturers, to facilitate the rail-based transportation of bulk cement using specialised tank containers. The agreements mark another large-scale initiative in India’s logistics landscape, aimed at transforming the movement of cement through sustainable and efficient rail-based solutions.

