On October 29, 2026, several major companies released their financial results for the second quarter ending September. This report highlights key performances from firms such as Asian Paints, Meesho, Hero MotoCorp, and others, providing insights into the market trends and company growth during this period.
- Meesho narrowed its loss significantly to ₹132.4 crore from ₹411.3 crore a year ago.
- Hero MotoCorp reported a 42% increase in consolidated profit after tax.
- Pidilite Industries showed a 7.16% rise in net profit with revenue growth of 20.9%.
- GMR Airports saw an 86% rise in profit after tax despite a comprehensive loss.
- United Spirits reported a decline in profit and revenue for the quarter.
What were the key financial results announced on October 29?
On this day, about 150 companies announced their quarterly results for Q2 FY27. Asian Paints, Coal India, Trent Ltd, IndiGo, and others were among the notable companies reporting. The overall market was expected to open lower, with the NIFTY50 index predicted to start 113 points down.
How did Meesho perform in the second quarter?
Meesho, an e-commerce firm, reported a significant reduction in losses. Its loss narrowed to ₹132.4 crore compared to ₹411.3 crore in the same quarter last year. The company's consolidated revenue from operations increased by about 34% to ₹4,131.5 crore. Meesho's net merchandise value (NMV) grew 23% year-on-year to ₹12,911 crore, and annual transacting users reached 28.4 crore. The company also saw a 16% quarter-on-quarter growth in first-time buyers and a 33% year-on-year NMV growth during the festive season.
What were Hero MotoCorp's financial highlights?
Hero MotoCorp, India's largest two-wheeler manufacturer, reported a 42% year-on-year rise in consolidated profit after tax, reaching ₹1,861 crore for the quarter. Revenue from operations increased by 23% to ₹14,971 crore. The company dispatched 18.68 lakh motorcycles and scooters, marking a 10% volume growth. The scooter segment grew by 47% to 2.40 lakh units in the quarter.
How did Pidilite Industries perform?
Pidilite Industries reported a 7.16% increase in consolidated net profit to ₹626.46 crore. Revenue rose by 20.9% to ₹4,297.59 crore. EBITDA grew by 3.1% with a margin of 20.5%. However, total expenses increased by 29% to ₹3,632.87 crore during the quarter.
What were the results for GMR Airports?
GMR Airports posted an 86% rise in profit after tax to ₹65.38 crore. Total income increased to ₹4,188.49 crore. Despite this, the company recorded a total comprehensive loss of ₹80.75 crore, compared to a comprehensive income of ₹14.30 crore the previous year. The airports handled 28 million passengers in the quarter. Additionally, Sanjeev Gupta was appointed as Deputy CEO and Additional Director effective October 29.
What did United Spirits report for the quarter?
United Spirits Ltd, controlled by Diageo, reported a 7.75% decline in consolidated net profit to ₹428 crore. Revenue from operations decreased by 2.56% to ₹7,014 crore. The Prestige & Above segment accounted for 94.1% of net sales value, increasing by 6.3% during the quarter.
Which other companies announced notable results?
Several other companies reported results, including Sundram Fasteners with a 12% profit growth, Gulf Oil Lubricants with a 34% profit increase, JSW Energy with a 38% rise in net profit, and Sanofi Consumer Healthcare India with improved profit and revenue. Larsen & Toubro's data centre business also announced a new 52 MW facility near Chennai.
What is the overall market outlook following these results?
The domestic equity market was expected to open lower on October 29, reflecting cautious investor sentiment. However, the strong performances by companies like Meesho, Hero MotoCorp, and others indicate growth opportunities in various sectors such as e-commerce, automotive, and manufacturing.
Frequently Asked Questions
Q: Why did Meesho's losses narrow significantly?
A: Meesho's losses narrowed due to increased revenue from operations, growth in net merchandise value, and a rise in annual transacting users, indicating stronger business performance and improved platform economics.
Q: What contributed to Hero MotoCorp's profit increase?
A: The profit increase was driven by higher sales volumes, particularly a 47% growth in the scooter segment, and gains from equity consolidation of an associate company.
Q: How did GMR Airports manage profit growth despite a comprehensive loss?
A: GMR Airports' profit after tax rose due to higher revenues, but the total comprehensive loss reflects other accounting factors affecting owners' equity during the quarter.
Source: Company regulatory filings and official earnings statements as of October 29, 2026.
