On October 26, several major Indian companies announced their financial results for the second quarter of fiscal year 2027 (Q2 FY27). Infosys led the pack with a 6.2% increase in consolidated net profit, highlighting the growing impact of artificial intelligence (AI) projects on its revenue. This article summarizes the key earnings and strategic developments from Infosys and other notable companies.
- Infosys reported a 6.2% rise in net profit to ₹7,823 crore for Q2 FY27.
- Coforge posted a 56.5% increase in consolidated profit, driven by AI-led deals.
- Senco Gold acquired a majority stake in August Jewellery Pvt Ltd (Melorra brand).
- JSW Steel approved a major capacity expansion in Odisha.
- Jupiter Wagons signed an MoU with Poland's PESA Bydgoszcz for passenger rail collaboration.
- CG Power and Industrial Solutions and banks CSB and DCB reported strong profit growth and improved asset quality.
What were Infosys' key financial results for Q2 FY27?
Infosys reported a consolidated net profit of ₹7,823 crore for the quarter ended September 30, 2026, marking a 6.2% increase from ₹7,364 crore in the same period last year. The company’s revenue from operations grew 10.2% year-over-year to ₹49,244 crore. A significant factor in this growth was the increasing share of AI-led projects in its revenue mix.
Despite stable margins of 21%, Infosys lowered its revenue growth guidance for the remainder of the year to 1-2%, down from an earlier forecast of 1.5-3%, citing pricing pressures. CEO and MD Salil Parekh highlighted that the company secured large contracts worth $5.2 billion, including a $2 billion deal spanning seven years.
How did Coforge perform in the quarter?
Coforge posted a 56.5% rise in consolidated net profit to ₹588 crore for Q2 FY27, up from ₹375.8 crore a year earlier. The company attributed this growth to AI-driven execution of deals. Coforge signed eight large contracts across North America, Europe, and Australia, totaling $1.04 billion in new orders—the highest number in a single quarter.
The company also raised its operational profit margin guidance to 17% for the next fiscal year, up from the previous range of 15.5% to 16%.
What strategic moves did Senco Gold announce?
Senco Gold Ltd announced it will acquire a 68% stake in August Jewellery Pvt Ltd, which operates the Melorra brand, for ₹68 crore. The acquisition will be completed in multiple tranches by February 2027, subject to conditions. Including a promoter group entity’s stake, Senco Gold’s overall holding in August Jewellery will reach 79%, making it a subsidiary.
The investment will be made through fresh equity issuance, with funds aimed at growth, expansion, and reducing liabilities.
What expansion plans did JSW Steel reveal?
JSW Steel and its Japanese partner JFE Steel Corporation approved expanding their joint venture steel plant in Odisha to 9.5 million tonnes per annum (MTPA) from the current 4.5 MTPA. The estimated investment for this expansion is ₹7,500 crore.
The joint venture, JSW JFE Steel Ltd, operates an integrated steel plant at Sambalpur and downstream facilities in Chandigarh and Kolkata. The Sambalpur plant is near full capacity, and the expansion aligns with rising domestic steel demand and long-term growth strategy.
What collaboration did Jupiter Wagons enter?
Kolkata-based Jupiter Wagons Ltd signed a memorandum of understanding with Poland’s PESA Bydgoszcz to explore collaboration in passenger rolling stock for India’s metro, semi-high-speed, and high-speed rail segments. The partnership aims to develop, manufacture, and deploy passenger rail vehicles for regional, intercity, and urban transport.
The MoU also focuses on localizing components as Jupiter Wagons expands beyond freight wagons to become an integrated mobility solutions provider.
How did CG Power and Industrial Solutions perform?
CG Power and Industrial Solutions reported a 44% increase in consolidated net profit to ₹409.09 crore for Q2 FY27, supported by higher revenues. Total income rose to ₹3,883.25 crore from ₹2,988.89 crore in the previous year’s quarter.
The company’s power systems segment revenue grew to ₹1,766.76 crore, while the industrial systems business contributed ₹1,868.61 crore.
What were the financial highlights for CSB Bank and DCB Bank?
CSB Bank posted a 14% rise in net profit to ₹183 crore for Q2 FY27, with total income increasing to ₹1,612 crore. Net interest income grew 20%, and asset quality improved with gross non-performing assets (NPAs) declining to 1.58%.
DCB Bank reported a 29% growth in net profit to ₹236 crore. Total income rose to ₹2,300 crore, and net interest income improved. The bank’s asset quality also improved, with gross NPAs falling to 2.29% and net NPAs to 0.73%.
Note: This article is for informational purposes only and does not constitute investment advice. Readers should consult financial advisors before making investment decisions.
