🇮🇳 India Daybook: Jio Platforms IPO Closes Today; HPCL & Swiggy Report Q2 Numbers

📍 EARNINGS & FINANCIAL RESULTS

• Swiggy: Reported a consolidated net loss of ₹922 crore for the September quarter (Q2 FY27), narrowing from ₹1,092 crore in the year-ago period, though sequentially wider compared to ₹791 crore in Q1.
• Hindustan Petroleum Corporation (HPCL): Posted a standalone net profit of ₹3,625 crore for Q2 FY27, down 6% YoY, but returning firmly to profitability after a sharp loss in the preceding quarter. Revenue from operations climbed nearly 29% YoY to ₹1.39 lakh crore.
• Cyient: Delivered a 7.7% QoQ growth in revenue to ₹2,235 crore for the second quarter, while net profit advanced 22% sequentially to ₹132.5 crore.
• Adani Total Gas: Net profit increased to ₹167 crore, up 3% YoY from ₹162 crore, driven by a 34% surge in operational revenue to ₹1,936 crore. EBITDA rose 11% to ₹326 crore.
• Colgate-Palmolive India: Recorded a 4.3% YoY rise in net profit to ₹341.6 crore for Q2 on the back of resilient volume growth in oral care.

📍 CAPITAL RAISING & IPOs

• Reliance Industries / Jio Platforms: The blockbuster ₹30,213 crore IPO of Jio Platforms enters its final day of bidding on October 23. The issue was subscribed over 3 times on Day 1, with proceeds earmarked to pare down debt by up to ₹27,500 crore at Reliance Jio Infocomm.
• Persistent Systems: Approved and launched a Qualified Institutional Placement (QIP) of up to ₹4,265 crore, setting the floor price at ₹5,550 per equity share.

📍 CORPORATE ACTIONS & DIVIDENDS

• Tech Mahindra: Friday, October 23, is the record date for the company's interim dividend of ₹15 per share (300% payout) alongside board approval for a 1:1 bonus issue to commemorate its 40th anniversary.
• Indian Railway Finance Corporation (IRFC): October 23 serves as the record date for eligibility towards its second interim dividend of ₹1.15 per share.
• Azad India Mobility: The company has set October 23 as the record date for a 1:5 stock split, subdividing each ₹10 face value share into five equity shares of ₹2 each.
• Modison: October 23 marks the record date for an interim dividend payout of ₹4 per equity share (400% on ₹1 face value).

📍 STRATEGIC DEVELOPMENTS & RESTRUCTURING

• eMudhra: The digital identity solutions provider announced a voluntary exit from its global SSL/TLS certificate business due to mounting compliance overheads, elevated costs, and shrinking margins; the segment accounted for roughly 1% of global revenue.
• Reliance Industries: Rating agency ICRA reaffirmed its top-tier rating on RIL's non-convertible debenture (NCD) program of ₹12,000 crore, citing superior liquidity and sustained operational strength.

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