Q2 Earnings Results Live Updates: Tata Technologies likely to report a healthy quarter, brokerages expect overall growth of nearly 3%

Business News›Markets›Stocks›Live Blog›Q2 Results Live Updates: Groww Q2 net profit surges 54% YoY; revenue jumps 47% YoY

Groww Q2 Results Live Updates

Q2 Results Today Live: Groww reports a 54% year-on-year jump in its Q2 net profit from the same quarter last year. Investors now await the Q2 earnings announcements for Bharat Heavy Electricals (BHEL) and Tata Technologies, which are set to release today.

Groww Q2 Earning Results Live Updates: Billionbrains Garage Ventures, the parent company of Groww, reports a net profit of Rs 725.60 crore for Q2FY27, up 54% from Rs 471 crore posted in the same period last year.

BHEL Q2 Earning Results Live Updates: According to analysts, BHEL is expected to report strong year-on-year (YoY) and sequential (QoQ) growth, driven by improved execution across its power and industrial segments.

Tata Technologies Q2 Earning Results Live Updates: According to brokerage reports, key monitorables include FY27 growth outlook, Tenneco ramp-up, Japanese full-vehicle program ramp-up, and further full-vehicle program closures.

1 New Update

Effective 3 August 2026, SEBI introduced the Closing Auction System (CAS) for F&O eligible stocks, replacing the earlierVolume-Weighted Average Price method with a 20-minute closing auction (3:15 PM to 3:35 PM). During the initial adoption phase, a disparity emerged between the 3:15 PM reference price (3:00–3:15 PM VWAP) andthe equilibrium price published from 3:20 PM, leading to a decline in volumes across the industry. While the company's Equity Derivatives revenue declined 14.3% QoQ, the bulk of which is attributed to CAS, this was in-line withthe decline that the industry has seen.

Margins over the September quarter of this year improved 60 basis points to 64.5% from 63.9% in the previous quarter.

Price as on 12.58.37 PM, Click on company names for their live prices.

Billionbrains Garage Ventures (parent company of Groww) reported a net profit of Rs 725.60 crore for the second quarter of FY27, up 54% from Rs 471 crore posted in the same period last year. The net profit is attributable to the owners of the company. On a sequential basis, net profit dipped marginally by 1%.

The company’s revenue from operations came in at Rs 1,501 crore, marking an impressive 47% increase from Rs 1,019 crore posted in the corresponding quarter of the previous financial year.

Kotak expects EBITDA margin of 16.4%, up 30 bps QoQ. The brokerage expects similar EBIT margin expansion QoQ, primarily aided by currency benefits. BMW JV would continue to scale though at a moderated rate than earlier.

(1) Demand outlook and pipeline of full-vehicle development programs
(2) Medium-term outlook on spends by anchor clients and Tata group entities
(3) Revenue diversification initiatives underway to minimize revenue growth volatility
(4) New deal wins in automotive and aerospace verticals
(5) Ramp-up of BMW JV, which has scaled significantly ahead of earlier expected timeline
(6) Near-term outlook of technology solutions segment

Domestic Deposit of the Bank stood at Rs 15,47,979 crore as at September 2026 with growth of 10.97% YoY.Domestic Advances (gross) of the Bank stood at Rs 12,64,753 crore as at September 2026 and grew by 16.95% YoY.

CRAR stood at 17.19% as at September 2026, out of which CET1 is 12.80%, Tier-I is 2.25% and Tier-IIis 2.14%.

Retail Credit grew by 31.61%, with housing loan growth at 17.35%, and vehicle loan at 25.50%.

• Operating Profit stood at Rs 8,758 crore, up by 1.98%
• Net Profit stood at Rs 5,175 crore, up by 8.40%
• Provision Coverage Ratio (PCR) at 95.34% improved by 175 bps
• Gross NPA Ratio stood at 1.33%, improved by 102 bps
• Net NPA Ratio stood at 0.30%, improved by 24 bps
• Credit Cost stood at 0.47% improved by 21 bps
• Slippage Ratio stood at 0.58% improved by 18 bps

• The Bank has achieved Targets in Priority Sector at 44.99% and Agricultural Credit at 20.61% of ANBCas at September 2026, as against the norm of 40% and 18% respectively.
• Credit to Small and Marginal Farmers stood at 12.74% of ANBC, against the norm of 10.00%.
• Credit to Weaker Sections stood at 18.73% of ANBC, against the norm of 12.00%.
• Credit to Micro Enterprises stood at 9.22% of ANBC, against the norm of 7.50%.Credit to Non-Corporate Farmers stood at 15.55% of ANBC, against the norm of 14.00%.

Global Business increased by 15.88% YoY to Rs 30,72,365 Cr as at September 2026, Global Depositsincreased by 13.13% YoY to Rs 16,97,305 Cr and Global Advance (gross) increased by 19.46% YoY to Rs 13,75,060 Cr.

Price as on 12.32.23 PM, Click on company names for their live prices.

Canara Bank’s asset quality improved, with net non performing assets (NNPA) reducing around 34% YoY to Rs 4,053 crore, while gross performing assets (GNPA) fell over 32% YoY to Rs 18,299 crore during the quarter under review. As a result, gross NPA ratio declined to 1.33% in Q2 FY27, from 2.35% in Q2FY26.

The brokerage expects improvement in revenues, driven by the power and industrial segments. It relies on an uptick in pace of execution in September, noting weak execution in the first two months of the quarter as per CEA project data.

The lender’s net interest income (NII), or the difference between interest earned and interest expended, jumped more than 20% YoY to Rs 11,005 crore during Q2 of the ongoing financial year 2027, from Rs 9,141 crore reported in the same period of FY26.

Kotak Institutional Equities expects BHEL's revenue to come in at Rs 10,658.6 crore, up 41.9% YoY and 38.5% QoQ. EBITDA may come in at Rs 1,042.3 crore, up 79.4% YoY and 106.9% QoQ; while margins may improve by 323 bps to 9.8%. Net profit may double on both yearly and quarterly basis to Rs 778.7 crore, it said.

According to Motilal Oswal Financial Services, sequential revenue trends and margin pressures remain key monitorables for Billionbrains Garage Ventures, the parent company of Groww.

Groww's margin trading facility book has reached a new peak, with the growth momentum expected to continue alongside an improvement in cash yields. Margins, however, are likely to decline sequentially, driven by lower revenue and a slight increase in absolute costs, according to Motilal Oswal Financial Services.

In the technology solutions segment, Kotak expects weakness in products, segment while education business would be impacted by project delays.

Kotak expects services segment c/c revenue growth of 3.4% QoQ for the services segment. Services segment growth would be primarily led by automotive including anchor clients and sustained momentum in aerospace vertical while Es-Tec is likely to register sharp revenue decline due to weakness at top account.

Motilal Oswal expects NIMs to move up 3bp quarter-on-quarter as most of the high-cost liabilities are being retired.