Indian shares fell for a fourth straight session, with the Nifty losing 2.36% to end at 22,600. Steady selling by foreign investors, high crude oil prices and weakness in banks and cyclical stocks hurt sentiment, though IT shares held up better. On Monday, October 26, investors will track a long list of September-quarter results, credit rating updates, fundraising plans, regulatory developments and new business deals.
Infosys and the IT space
Infosys reported a 6% rise in consolidated net profit for the second quarter of FY27 to ₹7,823 crore, from ₹7,364 crore a year earlier. The company cut its FY27 revenue growth guidance to 1–2% in constant currency, from the earlier 1.5–3%.
Coforge’s net profit jumped 56.5% from a year ago to ₹588.1 crore. The company had a full quarter of contribution from its $2.35 billion purchase of engineering services firm Encora. Profit rose 13.4% from the previous quarter.
Oracle Financial Services Software saw net profit fall 50.38% from the previous quarter to ₹702 crore. Revenue dropped 39% to ₹1,907 crore from ₹3,125 crore.
Banks and financials
Kotak Mahindra Bank posted a 29.5% increase in net profit to ₹4,212 crore, against ₹3,253.3 crore a year ago. Net interest income grew 15.7% to ₹8,459 crore, and operating profit rose 21.1% to ₹6,382.2 crore.
IDFC First Bank’s profit climbed to ₹1,044.6 crore from ₹352.3 crore. Net interest income was up 21% at ₹6,184.5 crore, and operating profit rose 35% to ₹2,538 crore. Asset quality improved from the previous quarter.
AU Small Finance Bank reported a 53% rise in profit to ₹857.7 crore, with net interest income up 31.5% to ₹2,820.1 crore. Gross NPAs eased to 1.99% from 2.10% in the previous quarter, while net NPAs edged up to 0.81% from 0.76%.
Bank of India’s profit rose 25.3% to ₹3,202 crore. Net interest income grew 18.5% to ₹7,007 crore, and operating profit gained 33.2% to ₹5,089 crore. Gross NPAs fell to 1.6% from 1.81%, and net NPAs to 0.42% from 0.51%.
SBI Funds Management’s revenue rose 3.4% from the previous quarter to ₹1,193 crore, but profit fell 20.3% to ₹701.2 crore. Its EBITDA margin narrowed to 77% from 80.1%.
YES Bank and the AT-1 bonds
YES Bank said it is studying the Supreme Court judgment on its Additional Tier 1 bonds and weighing its options. It noted that the bond terms give it discretion over coupon payments and that some bondholders have raised queries.
The 9% AT-1 bonds issued under the information memorandum dated October 17, 2017, had a coupon due on October 18, 2026. The bank will announce whether it uses that discretion once its evaluation is complete. It said branches and digital services are running normally.
Energy, pharma and others
Bharat Petroleum reported a net profit of ₹4,993 crore for the quarter, against a loss of ₹3,962 crore in the one before. EBITDA was ₹8,971 crore, compared with an EBITDA loss of ₹4,077 crore.
Dr Reddy’s Laboratories saw revenue slip 1.5% to ₹8,671 crore and profit fall 36% to ₹913.4 crore. Its EBITDA margin shrank to 20.6% from 26.7%.
Torrent Pharmaceuticals’ revenue rose 50.8% to ₹4,979 crore, but profit declined 9.6% to ₹534 crore. EBITDA margin widened to 32.33% from 31.6%.
Lupin said the US FDA finished inspecting its Goa plant on October 23 after a visit that began on October 19. The inspection ended with a Form 483 carrying one observation, and the company said it will respond within the set time.
Corporate actions and deals
Raymond’s board approved renaming the company Raymond Aerospace, Defence & Engineering Limited, through a resolution passed by circulation on October 24, 2026. Shareholders, the Central Government, stock exchanges and other authorities still have to approve.
Senco Gold signed agreements on October 25, 2026, to buy a 68% stake in August Jewellery Private Limited, which runs the Melorra brand, for ₹68 crore. The money will be invested in tranches, subject to conditions. The board had approved the investment earlier, as disclosed on January 21, 2026.
VRL Logistics announced a buyback of up to 87.5 lakh shares at ₹320 each, totalling up to ₹280 crore. It opens on October 27 and closes on November 2.
Prime Minister Narendra Modi inaugurated Arvind Limited’s garment plant in Varanasi. The ₹150 crore facility is the company’s first in Uttar Pradesh. It is expected to employ over 1,000 people, mostly women, and has a stated revenue potential of ₹250 crore.
SEPC said it received notices rescinding agreements for seven ongoing rural water supply projects in Jharkhand, and that it is engaging with the departments concerned.
Other results
Apollo Micro Systems’ profit rose 55.6% to ₹48.4 crore on revenue of ₹388 crore, up 72.2%. Netweb Technologies’ revenue rose 61.5% from the previous quarter to ₹1,323 crore, and profit climbed 60.6% to ₹137 crore.