🇮🇳 India Daybook: Titan Profit Doubles, Bharti Airtel & ONGC Post Robust Q2 Numbers

📍 EARNINGS REACTION

• Titan Company: Posted a stellar performance for the September quarter, with net profit surging more than twofold (up 113.6% YoY) to ₹2,393 crore against ₹1,120 crore reported in the corresponding quarter last year. Revenue from sales advanced 23% YoY to ₹20,337 crore.
• Bharti Airtel: Reported a 31% YoY surge in consolidated net profit to ₹8,888 crore for Q2 FY27, compared to ₹6,792 crore in the year-ago period, driven by sustained ARPU growth and strong operational momentum in India and Africa. Revenue from operations jumped 17% YoY to ₹60,878 crore, while EBITDA widened 18% YoY to ₹35,240 crore.
• Oil and Natural Gas Corporation (ONGC): Logged a 57% YoY jump in standalone net profit to ₹15,488.64 crore for Q2. Revenue from operations climbed 33% YoY to ₹43,875.15 crore, compared to ₹33,030.56 crore a year earlier.
• Life Insurance Corporation of India (LIC): Net profit for the September quarter expanded 20% YoY to ₹12,115 crore. Net premium income rose 16.2% YoY to ₹1.47 lakh crore, alongside a 33.95% surge in the Value of New Business (VNB).
• Mahindra & Mahindra: Registered a 25% YoY rise in net profit for Q2, backed by robust SUV demand. The company also revealed an aggressive roadmap featuring five new vehicle launches.
• Britannia Industries: Posted a 10.8% YoY increase in Q2 net profit to ₹721 crore, with revenue from operations increasing 15.6% YoY to ₹5,598 crore.
• Fortis Healthcare: Consolidated Q2 net profit marginally contracted by 2.5% YoY to ₹176 crore due to higher operational costs.
• Bharat Forge: Q2 net profit fell 6.9% YoY amid softness across select export markets.

📍 ACQUISITIONS & STRATEGIC DEALS

• Adani Ports and Special Economic Zone (APSEZ): In sharp focus as the port major announced a proposed acquisition of European liquid storage terminal operator Evos B.V., expanding its international logistics and terminal footprint.
• Sasken Technologies: Selected to support a strategic connectivity platform programme in collaboration with a European automotive software company.

📍 BUSINESS EXPANSIONS & MOUS

• Hindustan Zinc: Inked 11 pacts with key partners to develop an industrial park in Rajasthan aimed at downstream metal processing and ancillary ecosystems.
• Maruti Suzuki India: Announced a tie-up to establish 12 automated driving licence test tracks to enhance road safety infrastructure.

📍 FUNDRAISING & CAPITAL ACTIONS

• ONGC: Approved a substantial ₹10,000 crore inter-corporate loan facility to its overseas exploration arm, ONGC Videsh Ltd (OVL).
• Optiemus Infracom: The board approved raising up to ₹200 crore through equity shares, convertible instruments, or qualified institutional placement (QIP).
• John Cockerill India: Allotted Compulsory Convertible Preference Shares (CCPS) worth ₹204 crore to support ongoing capital expenditure.

📍 MANAGEMENT CHANGES

• Titan Company: Noel Tata to step down and retire from his role as Vice Chairman.
• Hindustan Construction Company (HCC): Appointed Vivek Singhal as the company’s new Chief Executive Officer.
• NCC: Approved the re-appointment of A.A.V. Ranga Raju as Managing Director for a five-year tenure.