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Shares of Ambuja Cements, Kaynes Technology, Steel Authority of India (SAIL) are barred from F&O trading on 22 October 2026.
Earnings Today:
Swiggy, Adani Energy Solutions, Adani Total Gas, BlueStone Jewellery and Lifestyle, Chennai Petroleum Corporation, CIE Automotive India, Colgate-Palmolive (India), CreditAccess Grameen, Cyient, Hatsun Agro Product, Havells India, Hindustan Petroleum Corporation, Jammu & Kashmir Bank, Jindal Stainless, Mahindra Lifespace Developers, Maharashtra Scooters, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Orient Cement, Paisalo Digital, Pitti Engineering, Rallis India, Sagility, Sapphire Foods India, Tata Teleservices (Maharashtra) will declare their results later today.
Stocks to Watch:
Eternal reported 92.31% jump in consolidated net profit to Rs 125 crore in Q2 FY27 compared with Rs 65 crore in Q2 FY26. Revenue from operations climbed 77.62% YoY to Rs 24,138 crore in Q2 FY27.
PC Jeweller reported 15.56% jump in consolidated net profit to Rs 240.16 crore in Q2 FY27 compared with Rs 207.82 crore in Q2 FY26. Revenue from operations climbed 27.78% YoY to Rs 1054.47 crore in the quarter ended 30th September 2026.
Mahindra & Mahindra Financial Services (Mahindra Finance) reported 54.84% rise in standalone net profit to Rs 881.52 crore in Q2 FY27, compared with Rs 569.31 crore in Q2 FY26. Total income climbed 15.45% YoY to Rs 5,163.51 crore in Q2 FY27.
KEI Industries’ consolidated net profit jumped 28.96% to Rs 262.45 crore in Q2 FY27 compared with Rs 203.51 crore in Q2 FY26. Revenue from operations climbed 38.52% YoY to Rs 3,776.42 crore in Q2 FY27.
Indian Hotels’ consolidated net profit increased 20.15% to Rs 349.49 crore on 21.73% rise in revenue from operations to Rs 2,484.32 crore in Q2 FY27 over Q2 FY26.
Rajratan Global Wire reported 17.47% increase in consolidated net profit to Rs 24.14 crore in the quarter ended 30th September2026. Revenue from operations 26.06% YoY to Rs 370.83 crore in Q2 FY27.
GHV Infra announced that Sadanand Shetty has resigned as the company's Chief Financial Officer (CFO).
Seamec has signed a vessel charter hire contract with HAL Offshore for its vessel SEAMEC ANANT. The contract is valued at $55 million.
Sagility announced that its subsidiary, Sagility (US) Holdings, has entered into a definitive agreement with Chirok Health LLC for an aggregate purchase consideration of up to $32.35 million.
Omnitech Engineering has started receiving commercial orders for the manufacturing and supply of precision-engineered components and sub-assemblies for the data centre infrastructure sector. The company has also secured orders from leading Indian defence-sector organisations to manufacture and supply precision-engineered components and sub-assemblies for critical defence applications.
Net sales surged 77.62% YoY and 19.43% QoQ to Rs 24,138 crore. Total income increased 75.65% YoY and 18.96% QoQ to Rs 24,489 crore. Profit before tax (PBT) increased 150.39% YoY and 18.75% QoQ to Rs 323 crore.
Total expenditure rose 74.92% YoY and 19.08% QoQ to Rs 24,011 crore. Employee expenses increased 32.49% YoY and 7.30% QoQ to Rs 1,146 crore. Interest expenses rose 80.23% YoY and 2.65% QoQ to Rs 155 crore, while depreciation increased 66.22% YoY and 14.47% QoQ to Rs 625 crore.
At the business level, consolidated adjusted revenue increased 76% YoY and 19% QoQ to Rs 24,621 crore. Like-for-like adjusted revenue growth stood at 58% YoY, reflecting the shift towards inventory ownership in quick commerce. Consolidated adjusted EBITDA surged 197% YoY and 20% QoQ to Rs 666 crore.
The company's business-to-consumer net order value (B2C NOV) grew 54% YoY to Rs 35,644 crore during the quarter.
Food delivery NOV increased 21.5% YoY to Rs 11,445 crore, extending its growth acceleration to five consecutive quarters. Adjusted EBITDA stood at Rs 627 crore, up 25% YoY, while the adjusted EBITDA margin declined marginally to 5.5% of NOV.
Quick-commerce NOV surged 79.3% YoY to Rs 20,940 crore and increased 22.2% QoQ. The company added 308 net new stores during the quarter, taking its total store count to 2,751. Adjusted EBITDA margin improved for the sixth consecutive quarter to 0.9% of NOV, generating adjusted EBITDA of Rs 184 crore compared with a loss of Rs 156 crore a year earlier.
Going-out NOV increased 58% YoY to Rs 3,259 crore, while its adjusted EBITDA margin improved to -2% from -3.1% a year earlier. The adjusted EBITDA loss remained broadly unchanged sequentially at Rs 64 crore.
Hyperpure's like-for-like revenue increased 22.7% YoY to Rs 1,154 crore. Its adjusted EBITDA margin improved to 0.9% from -0.5% a year earlier, resulting in adjusted EBITDA of Rs 10 crore compared with a loss of Rs 5 crore.
In its outlook for quick commerce, the company said it now expects to cross 3,500 stores by March 2027, compared with its earlier guidance of 3,000 stores. Its current plans point to around 5,000 stores by March 2028.
Eternal also outlined plans for dark.ai, a privacy-focused artificial intelligence assistant designed for users who require confidential conversations and research. According to founder Deepinder Goyal, the product will use fine-tuned open-weight AI models running on the company's own infrastructure, with end-to-end encryption and an encrypted memory layer controlled by users. The product is aimed at founders, researchers, scientists, enterprises and governments. Eternal said dark.ai is expected to launch globally, hopefully within 2026. The company did not disclose financial projections or a revenue contribution target for the product in the shareholders’ letter.
Eternal, formerly known as Zomato, operates food delivery, quick-commerce platform Blinkit, B2B supply business Hyperpure and going-out platform District.
In the cash market, the Nifty 50 index declined 95.25 points or 0.39% to 24,080.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 3.37% to 11.04.
HDFC Bank, Eternal and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The September 2026 F&O contracts will expire on 29 September 2026.
Barring the Oil & Gas index, all sectoral indices on the NSE traded in positive territory.
At 13:30 IST, the barometer index, the S&P BSE Sensex surged 636.90 points or 0.84% to 76,692.91. The Nifty 50 index climbed 182 points or 0.77% to 23,950.70.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.08% and the BSE 250 SmallCap Index advanced 1.23%.
The market breadth was strong. On the BSE, 2,732 shares rose and 1,453 shares fell. A total of 247 shares were unchanged.
In the commodities market, Brent crude for September 2026 settlement dropped $5.49 or 5.67% to $91.29 a barrel.
Gainers & Losers:
Eternal (up 5.95%), Indigo (up 4.76%), Infosys (up 3.79%) and Bajaj Finance (up 3.19%) were the major Nifty50 gainers.
ONGC (down 3.14%), HDFC Bank (down 0.51%), HDFC Life Insurance Company (down 0.47%) and Adani Ports and Special Economic Zone (down 0.41%) were the major Nifty50 losers.
Stocks in Spotlight:
Canara Bank added 1.35% after the bank reported 2.19% increase in net profit to Rs 4,856 crore on a 4.26% rise in total income to Rs 39,684 crore in Q1 FY27 as compared with Q1 FY26.
MosChip Technologies tumbled 8.92% after the company reported a 77.56% YoY decline in consolidated net profit to Rs 2.45 crore in Q1 FY27, compared with Rs 10.92 crore posted in the corresponding quarter of the previous fiscal. Revenue from operation fell 14.29% YoY to Rs 116.21 crore in the quarter ended 30 June 2026.
Tata Consumer Products (TCPL) added 1.52% after the company reported a 27.78% year-on-year increase in consolidated net profit to Rs 426.98 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 334.15 crore in Q1 FY26. Revenue from operations rose 11.93% year-on-year to Rs 5,348.88 crore in Q1 FY27.
Lodha Developers jumped 3.92% after the company reported 103.36% surge in consolidated net profit to Rs 1,372.1 crore in Q1 FY27, compared with Rs 674.7 crore in Q1 FY26. Revenue from operations rose 43.1% YoY to Rs 4,996.7 crore in Q1 FY27, reflecting strong execution and sustained demand across its residential portfolio.
AU Small Finance Bank (SFB) jumped 5% after the company reported 37.03% jump in standalone net profit to Rs 795.95 crore in Q1 FY27 compared with Rs 580.85 crore in Q1 FY26. Total income climbed 15.47% YoY to Rs 5,991.95 crore in Q1 FY27.
Seshasayee Paper and Boards rallied 5% after the company’s standalone net profit surged 96.89% to Rs 33.59 crore in Q1 FY27 from Rs 17.06 crore in Q1 FY26. Revenue from operations increased 27.68% YoY to Rs 492 crore in Q1 FY27, supported by higher production, improved sales volumes, and better realizations in both domestic and export markets.
Global Markets:
European and Asian market advanced as investor sentiment improved following reports of a pause in U.S.-Iran hostilities over the weekend, easing concerns over further geopolitical escalation.
China’s industrial profits rose 15.1% in June from a year earlier, according to data released Monday by the National Bureau of Statistics, slowing for a second straight month.
In Singapore, the Monetary Authority of Singapore tightened monetary policy for a second straight meeting on Monday as a precaution against renewed inflationary pressures from a potential rebound in oil prices. The move came despite subdued domestic inflation, with core inflation—excluding accommodation and private transport costs—edging up to 1.6% in June from 1.4% in May, while headline inflation stood at 1.9%, remaining within the MAS's projected range of 1.5% to 2.5% for 2026
Tensions elsewhere mounted after Ukraine struck an Iranian commercial vessel in the Caspian Sea, which prompted Tehran to accuse Kyiv of a 'hostile and criminal act.”
Last week on Wall Street, the S&P 500 ended near flat on Friday, weighed down by chip stocks, as investors assessed the latest developments regarding the Middle East conflict.
The broad market index added just 0.05% and closed at 7,411.98 while the Nasdaq Composite dropped 0.64% to end at 24,975.82.The Dow Jones Industrial Average gained 235.60 points, or 0.46%, to settle at 51,947.25.
The focus now remains on upcoming megacap earnings and the US Federal Reserve meeting scheduled for this week.
On a quarter-on-quarter (QoQ) basis, consolidated net profit declined 47.12%, while revenue from operations increased 16.88%.
Profit before tax (PBT) soared 209.09% YoY to Rs 272 crore during the quarter.
The company's Food Delivery business reported a 33.1% YoY increase in revenue to Rs 3,537 crore, while net order value (NOV) grew 20.1% to Rs 10,769 crore. Adjusted EBITDA margin (as a % of NOV) improved to 5.5% during the quarter, with the business delivering an absolute adjusted EBITDA of Rs 606 crore, a YoY growth of 155%. Average monthly transacting customers increased 18.77% to 27.2 million in Q1 FY27 compared with 22.9 million in Q1 FY26.
The Quick Commerce (Blinkit) business continued to deliver robust growth, with revenue surging 552.7% year-on-year to Rs 15,664 crore. NOV increased 86.2% to Rs 17,132 crore, while the segment reported a positive adjusted EBITDA of Rs 102 crore, compared with a loss of Rs 162 crore in Q1 FY26. Net average order value (NAOV) stood at Rs 518 in Q1 FY27, down 0.57% compared with Rs 521 in Q1 FY26. The company added 200 net new stores during the quarter, taking the total store count to 2,443 as of quarter ended 30th June 2026.
Revenue from the Going-Out business increased 53.6% year-on-year to Rs 318 crore, while NOV rose 59.8% to Rs 3,218 crore. The segment reported an adjusted EBITDA loss of Rs 65 crore, compared with a loss of Rs 54 crore in the corresponding quarter last year.
Revenue from the Hyperpure segment declined 54.9% YoY to Rs 1,034 crore. However, the business turned adjusted EBITDA positive at Rs 6 crore, compared with a loss of Rs 18 crore a year ago.
The company's Others segment, comprising Bistro and Nugget, reported adjusted revenue of Rs 95 crore, up from Rs 4 crore in the year-ago period. Adjusted EBITDA loss widened to Rs 94 crore from Rs 45 crore, reflecting higher investments to scale both businesses.
Meanwhile, the board approved the transfer of the 'Nugget by Zomato' business to its wholly owned subsidiary, Carthero Technologies (CTPL), through a business transfer agreement as part of an internal restructuring exercise. The Nugget business will be transferred on a slump sale basis for a cash consideration of Rs 35 crore, subject to agreed adjustments. The transaction, which is a related-party transaction conducted at arm's length, is expected to be completed within 30 days of the execution of the agreement.
Eternal, an Indian multinational technology company is the parent company of Zomato, Blinkit, District and Hyperpure.