RBL Bank Reports 168% Profit Surge in Q2FY27

RBL Bank has announced a remarkable increase in its net profit, reaching ₹481.7 crore for the second quarter of FY27, a significant rise from ₹179 crore reported in the same quarter last year. The bank's net interest income also saw a substantial increase of 37.4%, climbing to ₹2,131 crore from ₹1,551 crore year-on-year. Additionally, the gross non-performing assets (NPA) ratio improved, falling to 1.02% from 1.3% quarter-on-quarter, indicating enhanced asset quality.

In the tech sector, HCL Technologies reported a profit after tax of ₹5,132 crore for Q2FY27, marking an 11% increase from the previous quarter. The company's revenue grew by 3% to ₹35,620 crore, although it fell short of analyst expectations. The EBIT margin improved to 18.2%, aided by advancements in AI, which contributed positively to the margin.

Other companies are also set to report their quarterly results, with Anand Rathi Share and Stock Brokers, GTPL Hathway, and Hero Motors among those scheduled for announcements on October 13. Meanwhile, ICICI Prudential AMC reported a net profit decline of 7.8% quarter-on-quarter to ₹888.9 crore, despite a revenue increase of 7%.

In a strategic move, Karur Vysya Bank has partnered with Zurich Kotak General Insurance to offer general insurance products to its customers, enhancing its service offerings. Additionally, Indian Hotels Company Ltd has expanded its portfolio by signing 47 hotels and opening 20 in the first half of FY2027, reflecting its growth strategy in the hospitality sector.

Looking ahead, the market will be closely monitoring the upcoming financial results from various firms, including Swan Defence and Heavy Industries, which reported a net profit of ₹566.44 crore for the quarter. Furthermore, Polycab India Ltd is set to be excluded from the equity derivatives segment by the end of December 2026, following its inclusion under the Insolvency and Bankruptcy Code framework, which could impact trading strategies for investors.