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  • Reliance Power Q2 Profit Falls 65% as Subsidiary Defaults Weigh

    Reliance Power Q2 Profit Falls 65% as Subsidiary Defaults Weigh

    Reliance Power reported a 65.5% year-on-year fall in consolidated net profit to ₹30.10 crore for the September 2026 quarter, down from ₹87.32 crore a year earlier. The board approved the Q2 FY27 results on November 12, 2026, and also named a new Chief Financial Officer. Friday, November 13, is the first trading session after the numbers.

    Reliance Power Q2 Profit and Revenue at a Glance

    The company’s regulatory filing shows revenue from operations of ₹1,830.04 crore, down 7.3% from ₹1,974.03 crore in Q2 FY26. Total income fell to ₹1,889.87 crore from ₹2,067.10 crore. Compared with the June 2026 quarter, profit more than halved from ₹64.71 crore.

    Metric (consolidated, ₹ crore) Q2 FY27 Q2 FY26 Q1 FY27
    Net profit 30.10 87.32 64.71
    Revenue from operations 1,830.04 1,974.03 1,956.32
    EBITDA 512 618 Not compared

    The stock ended trading on November 12 at about ₹19.3 on the NSE, before the results were public. It has traded between ₹15.98 and ₹42.87 over 52 weeks and is roughly 53% lower than a year ago.

    Why Profit Fell Faster Than Revenue

    Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 17.2% to ₹512 crore from ₹618 crore. The EBITDA margin narrowed to 28% from 31.3%, a drop of 330 basis points. A basis point is one hundredth of a percentage point.

    The quarter also carried a one-time charge of ₹25.32 crore from a loan prepayment at Rosa Power Supply Company Limited, shown as an exceptional item. That charge explains part of the gap between the operating decline and the sharper fall in net profit.

    Half-Year Numbers and Cash Position

    For the six months ended September 30, 2026, profit after tax from continuing operations was ₹94.81 crore, compared with ₹132.00 crore a year earlier. Consolidated revenue from operations for the half year slipped to ₹3,786.36 crore from ₹3,859.61 crore.

    Operating cash flow rose to ₹1,550.26 crore from ₹1,365.56 crore. The company repaid ₹1,157.63 crore of long-term borrowings in the period, and total borrowings fell to ₹13,802.07 crore from ₹14,812.03 crore at March 31, 2026. Cash and cash equivalents dropped to ₹538.09 crore from ₹1,224.46 crore over the same period.

    Subsidiary Defaults Behind the Samalkot Guarantee Claim

    The sharper focus for investors is on two subsidiaries. The filing discloses continuing losses, negative net worth and loan defaults at both, and Reliance Power’s reviewers flagged material uncertainty over their ability to continue as going concerns.

    Subsidiary (₹ crore) Half-year net loss Negative net worth Borrowing defaults
    Rajasthan Sun Technique Energy Private Limited 119.52 2,729.54 2,335.47
    Samalkot Power Limited 62.31 2,894.15 1,892.39

     

    What Is the Lender Claim Against the Parent?

    Samalkot Power Limited’s lender invoked the corporate guarantee given by Reliance Power and demanded ₹1,892.39 crore including interest. Reliance Power’s annual report states that an application under the Insolvency and Bankruptcy Code was filed against the company in April 2026 over this debt, and that it had not been admitted at that time.

    Reliance Power has told the lender that it considers the debt not to have fallen due. An arbitration tribunal ruled on June 23, 2026 that it lacked jurisdiction over the claim, and Samalkot withdrew the arbitration on July 30, 2026. The company said it was evaluating the appropriate legal course.

    How Do the Subsidiaries Plan to Repay?

    Samalkot signed an agreement on June 6, 2026 to sell equipment from Module 2 and Module 3 of its 1,508 megawatt combined-cycle plant. The buyer provided a US$10 million standby letter of credit, but the sale needs lender approval. Rajasthan Sun Technique Energy said its project technology failed to deliver the desired results and that it is in discussions with lenders.

    What the Limited Review Report Says

    Auditor Kailash Chand Jain & Co. issued a qualified conclusion on the consolidated results, citing matters at the two subsidiaries and at Dhursar Solar Power Private Limited. A limited review is narrower than a full audit. The group prepared the results on a going-concern basis and said it expects to meet liabilities through time-bound monetisation of subsidiary assets.

    The company also disclosed continuing matters involving the Enforcement Directorate, the Central Bureau of Investigation, the Economic Offences Wing and SEBI. It said these proceedings have not affected business operations.

    New CFO Takes Charge

    The board appointed Rajendra Vishwanath Pawar as Chief Financial Officer with immediate effect. Neeraj Parakh resigned as interim CFO and continues as Executive Director and CEO.

    What Shareholders Can Track Next

    Several developments will shape how the market reads these results:

    • Lender approval for the Samalkot equipment sale
    • Any hearing or order on the insolvency application against Reliance Power
    • Progress in lender talks at Rajasthan Sun Technique Energy
    • The Supreme Court matter on an Appellate Tribunal for Electricity order linked to that subsidiary

    Investors who do not yet hold the shares and want to follow the counter would need to open a demat account before placing any order. Existing investors can follow the live price and exchange filings on their trading platform.

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  • Coal India Dividend Record Date Is Nov 4: ₹10.25 Payout and Q2 Profit

    Coal India Dividend Record Date Is Nov 4: ₹10.25 Payout and Q2 Profit

    Coal India’s second interim dividend of ₹10.25 per share has a record date of Wednesday, November 4, 2026, which is tomorrow. The state-owned miner announced the payout on October 29 along with September quarter results, in which consolidated profit after tax rose 57% to ₹6,547.43 crore. Dividend payments are scheduled on or before November 27, 2026.

    Coal India Second Interim Dividend: Amount and Dates

    The board declared a second interim dividend of ₹10.25 per equity share for FY27 on shares with a face value of ₹10, which is 102.5% of face value. The record date determines which shareholders are eligible for the payout.

    Dividend detail Information
    Dividend per share ₹10.25 (second interim, FY27)
    Face value ₹10 per share
    Record date Wednesday, November 4, 2026
    Payment date On or before November 27, 2026
    Dividend on 100 shares ₹1,025, before applicable tax

     

    Last year Coal India also paid a second interim dividend of ₹10.25 per share, with a record date of November 4, 2025.

    Who Is Eligible for the Coal India Dividend

    Only shareholders whose names appear in the company’s records on the record date receive the dividend. Shares are held in electronic form, so an investor needs a demat and trading account to buy and hold them. India settles equity trades on a T+1 cycle, so the ex-dividend date generally coincides with the record date, and shares generally need to be bought before November 4 to qualify. The exact ex-dividend date is confirmed in the exchange notice.

    An interim dividend is declared during the financial year, before the year’s accounts are finalised. A final dividend, if any, is decided separately after the year ends and needs shareholder approval.

    Coal India Q2 FY27 Results at a Glance

    Coal India reported consolidated profit after tax of ₹6,547.43 crore for the July to September quarter, against ₹4,167.14 crore a year earlier. Revenue from operations rose 21% to ₹44,178.74 crore, and total income rose 21% to ₹46,833 crore. Higher coal realisations and other income offset rising expenses.

    Net profit attributable to owners was reported at ₹6,516 crore, up 53% from ₹4,259 crore. Different reports quote one or the other, which is why both figures appear in coverage of the results.

    Metric (₹ crore) Q2 FY27 Q2 FY26
    Profit after tax (consolidated) 6,547.43 4,167.14
    Net profit attributable to owners 6,516 4,259
    Revenue from operations 44,178.74 Up 21%

     

    Sequential Decline and First-Half Numbers

    Profit fell about 26% from ₹8,849.81 crore in the April to June quarter, so the year-on-year gain came alongside a drop from the previous quarter. For the first half of FY27, consolidated net profit rose 19% to ₹15,397.24 crore, while revenue from operations rose 14% to ₹90,433.54 crore.

    Coal offtake rose 12% to 186.34 million tonnes from 166.10 million tonnes in the year-ago quarter.

    • Q2 profit growth: up 57% year on year, down about 26% from Q1.
    • H1 profit: ₹15,397.24 crore, up 19%.
    • H1 revenue: ₹90,433.54 crore, up 14%.
    • Offtake: 186.34 million tonnes, up 12%.

    Record Date, Ex-Dividend Date and Payment Date

    Three dates matter for any dividend, and they are different things.

    • Record date (November 4): the cut-off for the company’s register of shareholders.
    • Ex-dividend date: the first day the stock trades without the right to the dividend, which generally falls on the record date under T+1 settlement.
    • Payment date (on or before November 27): the deadline by which the dividend is paid to eligible shareholders.

    Coal India’s payout of ₹10.25 on a ₹10 face value is the same per-share amount as last year’s second interim dividend, so shareholders receive the same amount per share as a year ago.

    Coal India Shares and Market Context

    Coal India was among the leading Nifty gainers on November 2, when the Sensex rose 1,233 points and the Nifty closed at 23,440.80. Energy and metal stocks drew strong buying that day.

    A dividend does not change the value of a holding in isolation, because the share price typically adjusts on the ex-dividend date. The payout is a distribution of cash to shareholders, and the share price can move up or down for other reasons.

    What Investors Can Track

    The items that decide eligibility are the record date of November 4 and the payment date on or before November 27. Investors can follow the stock and the exchange notices on a stock trading app that provides access to NSE and BSE, and check dividend credits in the bank account linked to the demat account after the payment date.

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  • ITC Q2 Profit Falls Over 18% on Cigarette Taxes; FMCG Grows 19%

    ITC Q2 Profit Falls Over 18% on Cigarette Taxes; FMCG Grows 19%

    ITC reported a fall of more than 18% in consolidated net profit for the September quarter of FY27 on Monday, November 2, 2026, as higher taxes weighed on its cigarette business. Profit attributable to owners was ₹4,168.40 crore, down 18.7% from ₹5,126.11 crore a year earlier. Non-cigarette FMCG revenue grew 19.1% to ₹7,218.36 crore.

    ITC Q2 FY27 Results at a Glance

    Net revenue rose 3.9% year on year to ₹20,269 crore and 6% from ₹19,114 crore in the June quarter. Both revenue and profit were marginally above analyst estimates of ₹20,111 crore and ₹4,136 crore. On a sequential basis, profit fell 5.1% from the June quarter.

    Metric (₹ crore) Q2 FY27 Q2 FY26
    Net profit attributable to owners 4,168.40 5,126.11
    Net revenue 20,269 Up 3.9% year on year

    Reports based on the exchange filing also give consolidated profit of ₹4,229.33 crore, down 18.45% from ₹5,186.55 crore, which includes profit attributable to minority holders. Gross revenue, which is reported before deducting taxes, rose 43.85%, far faster than the 3.9% rise in net revenue.

    How the June Quarter and Share Price Set the Stage

    In the June quarter, profit attributable to owners fell 16.2% to ₹4,394.13 crore, so the September quarter’s year-on-year decline of 18.7% was steeper. Ahead of the results, ITC shares were trading near their 52-week low.

    Why Cigarette Taxes Hurt ITC’s Profit

    This is the second consecutive quarter in which higher cigarette taxes have weighed on ITC’s bottom line. The changes took effect on February 1, 2026. GST on cigarettes moved from 28% of the transaction value to 40% of the retail sale price, and excise duty was raised sharply after the compensation cess was phased out.

    ITC said legal industry volumes remained under pressure because of the unprecedented increase in tax. It adopted a calibrated approach to avoid a disproportionate shift in volumes to illicit trade while protecting its consumer franchise, and it re-architected its portfolio to counter global smuggled brands.

    The cigarette segment’s profit before tax was ₹4,044.49 crore, down 26% from a year earlier but up 7.3% from ₹3,769.11 crore in the June quarter.

    Segment Performance: FMCG, Agri and Paper Grow

    Other businesses posted strong growth and offset part of the cigarette decline.

    Segment Q2 FY27 revenue (₹ crore) Revenue growth Profit before tax (₹ crore) Profit growth
    Non-cigarette FMCG 7,218.36 Up 19.1% 576.69 Up 31.4%
    Agri business 4,550.60 Up 12.7% 518.41 Up 14.3%
    Paper 3,017.45 Up 35.9% 273.32 Up 50.7%

     

    What stood out in the segment numbers:

    • Pressure point: cigarette profit before tax fell 26% on higher taxes.
    • Fastest growth: paper revenue rose 35.9% and paper profit rose 50.7%.
    • Consumer business: non-cigarette FMCG profit grew 31.4%, faster than its revenue growth of 19.1%.

    ITC said its FMCG revenue growth was at a 14-quarter high, with biscuits, snacks, noodles, spices, salt, frozen snacks, homecare and notebooks growing more than 20%. Dairy and personal wash grew in the high teens. It was the fourth consecutive quarter of double-digit FMCG revenue growth, and the segment’s EBITDA margin widened by 50 basis points.

    Agri, Paper and the Century Pulp & Paper Acquisition

    The agri business continued to be affected by the West Asia conflict and delayed call-offs by customers. ITC stepped up market development to diversify into other geographies, and value-added products showed strong growth.

    The paper segment sustained its recovery with improving demand and pricing actions. ITC also completed the acquisition of the Century Pulp & Paper undertaking on August 1, 2026.

    Outlook and Risks Cited by ITC

    ITC described the Indian economy as showing strength, backed by resilient domestic demand across rural and urban markets. It also cautioned that deficient and uneven monsoons, lower reservoir levels and strengthening El Niño conditions pose risks to agricultural output and the inflation trajectory. Geopolitical developments, climatic conditions, inflationary headwinds and consumer sentiment remain key items to watch.

    What Investors Can Track After ITC’s Results

    The results show a company in which a diversified set of businesses is offsetting a tax-hit core product. The items to follow include cigarette volumes under the new tax structure, the pace of non-cigarette FMCG growth and the recovery of the agri business.

    Investors who want to hold ITC shares need demat account opening with a depository participant, and price moves after the results can be followed on a share market app that provides access to NSE and BSE. A strong result in some segments does not guarantee how the share price will react.

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  • Sensex Jumps 1,233 Points; Nifty at 23,441 as Metals, Energy Lead

    Sensex Jumps 1,233 Points; Nifty at 23,441 as Metals, Energy Lead

    The Sensex surged 1,233.25 points, or 1.66%, to close at 75,692.78 on Monday, November 2, 2026, while the Nifty gained 387.70 points to settle at 23,440.80. It was the third straight session of gains for both indices. Falling crude oil prices, hopes of progress in US-Iran talks and a strong rally in Reliance Industries after its record quarterly profit lifted the market.

    Sensex and Nifty Closing Levels on November 2

    Both benchmarks opened sharply higher, with the Sensex up about 719 points and the Nifty crossing 23,200 in early trade, and they held most of the gains through the session. The Nifty’s rise of 1.68% was marginally larger than the Sensex’s 1.66%.

    Index Close, November 2 Change Change (%)
    Sensex 75,692.78 Up 1,233.25 points Up 1.66%
    Nifty 50 23,440.80 Up 387.70 points Up 1.68%
    Nifty MidCap 100 Not reported Down Down 1.19%
    Nifty SmallCap 100 Not reported Down Down 0.71%

    The rally came after a volatile week. On October 28, the Nifty had been trading near 22,500 as the Sensex fell as much as 995 points intraday.

    Which Stocks and Sectors Led the Rally

    Coal India, Tata Steel and JSW Steel were among the leading Nifty gainers. Energy and metal stocks drew strong buying, and the Nifty Oil & Gas and Nifty Metal indices recorded the strongest sectoral gains. Reliance Industries contributed heavily to the benchmark’s rise after posting its strongest quarterly financial performance.

    On the other side, the Nifty IT and Nifty Media indices ended in negative territory.

    • Leading gainers: Coal India, Tata Steel, JSW Steel.
    • Strongest sectors: Nifty Oil & Gas and Nifty Metal.
    • Weak sectors: Nifty IT and Nifty Media.

    Reliance Industries’ Contribution to the Rally

    Reliance Industries was the largest positive contributor to the Nifty and the most actively traded stock on both NSE and BSE during the day. In morning deals the stock had risen 8.2% to ₹1,259, taking its market capitalisation to ₹16.77 lakh crore, after the company reported a net profit of ₹25,548 crore for the September quarter, up 40.64% from a year earlier.

    Because Reliance carries a large weight in both the Sensex and the Nifty, a sharp move in the stock can lift the indices even when most other stocks do not move in the same direction. That is what the broader market data below shows.

    Why Crude Oil and US-Iran Talks Mattered

    International crude prices fell as optimism grew around US-Iran negotiations. WTI crude declined nearly 3% to about $99.70 a barrel, while Brent traded below $109. Lower crude prices are generally positive for India because the country depends heavily on energy imports.

    The Indian rupee traded around 94.90 against the US dollar. Crude oil has been a key variable for Indian markets in recent weeks, and the company results that followed it also show the effect: Reliance’s oil-to-chemicals business reported record fuel cracks in the September quarter.

    Narrow Breadth: Midcaps and Smallcaps Fall

    The benchmark indices rose strongly, but the broader market did not follow. The Nifty MidCap 100 declined 1.19% and the Nifty SmallCap 100 lost 0.71%. This indicates that buying was concentrated mainly in select large-cap stocks, which is why the Sensex and Nifty gained far more than the rest of the market.

    When large caps rise while midcaps and smallcaps fall, index levels can give a more optimistic picture than the average stock experience. Investors who hold midcap or smallcap shares may have seen the opposite of the headline move on the day.

    Technical Levels Cited by Market Analysts

    Market analysts noted that the Nifty closed above its 50-day simple moving average, which they described as improving technical momentum. They placed immediate support between 23,250 and 23,350, with resistance near 23,500. These are analysts’ views on price levels, and the index can move outside such ranges.

    Level cited by analysts Nifty 50
    Immediate support 23,250 to 23,350
    Resistance Near 23,500
    Close on November 2 23,440.80

    What Investors Can Track From Here

    The day’s move was driven by a small group of heavyweight stocks and by falling crude prices, so the direction of crude and the progress of US-Iran talks remain the main external variables. Company results continue to arrive through November, which will show how corporate earnings are holding up across sectors.

    Investors who want to buy shares of the stocks that led the rally need to open a demat account, and an online trading platform that offers access to NSE and BSE can be used to follow prices and place orders. A three-session winning streak does not guarantee that the next session will also end higher, and prices can reverse quickly.

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  • Windfall Tax Raised on Diesel, ATF Exports; Petrol Levy Cut to Zero

    Windfall Tax Raised on Diesel, ATF Exports; Petrol Levy Cut to Zero

    The Central government has raised the windfall tax on diesel and aviation turbine fuel (ATF) exports and cut the levy on petrol exports to zero, with the new rates effective from October 31, 2026. A Finance Ministry notification set the rates for the next fortnight. Existing duties on petrol and diesel supplied for domestic consumption remain unchanged.

    New Windfall Tax Rates on Diesel, ATF and Petrol Exports

    The levy is a special additional excise duty (SAED) combined with a road and infrastructure cess on exports of petroleum products. The diesel export duty rose to ₹11.5 per litre from ₹8.5 per litre, an increase of ₹3 per litre, or about 35%. The ATF duty rose to ₹11 per litre from ₹10.5 per litre. The petrol export duty was withdrawn, down from ₹2.5 per litre.

    Product Previous fortnight (₹ per litre) From October 31 (₹ per litre)
    Diesel 8.5 11.5
    Aviation turbine fuel (ATF) 10.5 11
    Petrol 2.5 Nil

    Why the Government Taxes Fuel Exports

    The government imposed export duties on diesel and ATF on March 27, 2026, amid escalating tensions in West Asia, and brought petrol exports under the levy from May 16. The duties are revised every fortnight to match prevailing conditions.

    The measures were introduced to discourage excessive exports and to keep enough petroleum products available in the domestic market. They were also meant to prevent exporters from benefiting disproportionately from the gap between domestic and international prices after crude oil prices rose following the outbreak of the conflict.

    How the Windfall Tax Has Moved Since August

    The rates have changed sharply from one fortnight to the next. In mid-August, the diesel export duty was ₹24 per litre and the ATF duty ₹19.50 per litre, while petrol was exempt. The latest revision keeps the diesel duty well below that level, though it has risen from the previous fortnight.

    Period Diesel (₹ per litre) ATF (₹ per litre) Petrol (₹ per litre)
    From August 15 24 19.50 Nil
    Previous fortnight 8.5 10.5 2.5
    From October 31 11.5 11 Nil

    The petrol levy has moved up and down in 2026. It was ₹3.50 per litre from August 3, was withdrawn from August 15, was reintroduced at ₹1.50 from September 1, was cut to ₹0.50 from September 16, stood at ₹2.50 in the previous fortnight, and has now returned to nil.

    What the Duty Means in Rupees

    A per-litre duty adds up quickly on large shipments. As an illustration only, on 1 lakh litres of diesel exported, a duty of ₹11.5 per litre comes to ₹11.5 lakh, against ₹8.5 lakh at the previous rate. This is a calculation from the notified rates and does not represent any company’s actual shipment.

    Key dates in the levy’s history:

    • March 27, 2026: export duties imposed on diesel and ATF amid West Asia tensions.
    • May 16, 2026: petrol exports brought under the levy.
    • Every fortnight since: rates revised by Finance Ministry notification.
    • October 31, 2026: diesel and ATF duties raised, petrol duty cut to nil.

    Impact on Refiners and Reliance’s Quarterly Results

    The duty is relevant to refiners that export diesel and ATF. In its September quarter results announced on October 30, Reliance Industries reported that its oil-to-chemicals EBITDA rose 68% to ₹25,203 crore on record fuel cracks. The company also said earnings growth was constrained by continued costs related to the special additional excise duty.

    The export levy is a cost on exported fuel, which is how it can weigh on refiners’ margins. Reliance shares rose 8.2% in early trade on November 2 after the results. The duty rates for the coming fortnight were notified a day after the results were announced.

    What Stays the Same and What to Track

    The notification does not change the domestic duty rates on petrol and diesel. It applies only to exports and only for the fortnight that began on October 31. A new notification is expected at the end of the period, and the rates can rise, fall or stay unchanged.

    • Applies to: exports of diesel, ATF and petrol.
    • Effective from: October 31, 2026, for the next fortnight.
    • Unchanged: duties on fuel supplied for domestic consumption.
    • Next step: a fresh Finance Ministry notification at the end of the fortnight.

    Investors who follow oil and gas companies can keep track of these notifications alongside company results. Anyone who wants to hold such shares needs a demat and trading account, and an investing platform with access to NSE and BSE can be used to follow prices and company announcements.

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  • Car Sales Near 5 Lakh in October as Maruti, Hyundai Hit Records

    Car Sales Near 5 Lakh in October as Maruti, Hyundai Hit Records

    Festive demand pushed Maruti Suzuki, Hyundai, Kia and Mahindra to record domestic sales in October 2026. Retail registrations came close to the five lakh mark, at 4,98,208 units across 14 manufacturers, according to vehicle registration data.

    October 2026 Car Sales: Company-Wise Numbers

    Maruti Suzuki recorded domestic sales of 2,16,789 units, its highest ever for a month, up 20% year on year. Mahindra reported record domestic SUV sales of 73,338 units, Hyundai Motor India posted record domestic sales of 62,799 units, and Kia India sold 33,462 units, also a record. Tata Motors Passenger Vehicles sold 73,894 units in the domestic market.

    Company Domestic sales, October 2026 (units) Change year on year
    Maruti Suzuki (total domestic) 2,16,789 Up 20%
    Mahindra (domestic SUVs) 73,338 Up 2%
    Tata Motors Passenger Vehicles 73,894 Up 21%
    Hyundai Motor India 62,799 Up 16.7%
    Kia India 33,462 Up 13.2%

    Maruti’s domestic sales including supplies to other manufacturers stood at 2,26,248 units. Its previous best month for total sales was 2.43 lakh units in May 2026, followed by 2.41 lakh units in July. For April to October of FY27, its domestic sales including these supplies rose 29% to 13,72,771 units.

    Maruti Suzuki: Utility Vehicles Lead the Growth

    Utility vehicles remained the main growth driver for Maruti. Sales rose 26% to 97,787 units, while passenger cars across the mini, compact and mid-size segments rose 18% to 1,00,877 units. Van sales were largely flat at 13,720 units. Together these three groups make up Maruti’s domestic passenger vehicle sales of 2,12,384 units, up from 1,68,744 units a year earlier.

    Maruti retained the top spot in retail registrations as well, with 2,11,444 units. Tata Motors came second with 73,002 registrations, ahead of Mahindra and Hyundai.

    Mahindra, Hyundai and Kia: Record Months

    Mahindra’s total vehicle sales across segments were 1,31,109 units, the highest it has recorded in a month. Velusamy R, President of the Automotive Business at Mahindra, attributed the result to the festive season and a refreshed portfolio, and said its first CNG vehicle, the XUV 3XO ZNG, had seen strong customer response.

    Hyundai’s domestic sales were the best the company has recorded in a month, and the Venue also set a monthly record at 13,017 units. Managing Director and CEO Tarun Garg credited strong festive demand and healthy market momentum, and said the newly launched Hyundai Bayon would add to growth.

    Kia also recorded its highest-ever monthly electric vehicle sales, up 31% from September, with contributions from the Syros EV and Carens Clavis EV. Its 33,462 units were up 13.22% from 29,556 units a year earlier and followed a record of 32,017 units in September. The Seltos and Sonet were the main volume drivers, with the Seltos alone contributing more than 13,000 units. CNG versions of the Carens and Carens Clavis made up close to 10% of the month’s sales.

    Records set in October 2026, as reported by the companies:

    • Maruti Suzuki: highest-ever monthly domestic sales of 2,16,789 units.
    • Mahindra: highest-ever monthly domestic SUV sales of 73,338 units and total sales of 1,31,109 units.
    • Hyundai Motor India: highest-ever monthly domestic sales of 62,799 units, with a record 13,017 Venues.
    • Kia India: highest-ever domestic wholesales of 33,462 units, its second record in a row.

    Tata Motors: Electric Vehicle Sales Rise 75%

    Tata Motors Passenger Vehicles reported total sales of 75,426 units across domestic and international markets in October, up 23% from 61,295 units a year earlier and its best month so far. Domestic sales of 73,894 units were up 21% from 61,134 units.

    Electric vehicle sales, including domestic and international markets, rose 75% to 16,244 units from 9,286 units. The company did not give a separate domestic EV figure in its release. Tata’s domestic sales were also up 29.7% from 56,972 units in September 2026.

    Tata Motors Passenger Vehicles October 2026 October 2025
    Total sales (domestic and international) 75,426 61,295
    Domestic sales 73,894 61,134
    Electric vehicle sales (all markets) 16,244 9,286

    What the October Car Sales Mean for Auto Stock Investors

    Monthly sales figures are volumes sold to dealers or registered by buyers, and they are not the same as a company’s profit. A record month does not by itself show how margins, input costs or discounts are moving, which appear in quarterly results.

    Investors who follow auto companies can compare monthly volumes with the next quarterly results. Anyone who wants to hold auto shares needs a demat account, and demat account opening is the first step before placing orders. Prices of listed carmakers can be followed on a stock trading app that provides access to NSE and BSE.

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  • GST Collections Hit Record ₹2.31 Lakh Cr in October, Up 22.9%

    GST Collections Hit Record ₹2.31 Lakh Cr in October, Up 22.9%

    India’s gross GST collections rose 22.9% year on year to about ₹2.31 lakh crore in October 2026, according to provisional data released on November 1. After refunds, net GST revenue grew 25.6% to ₹2.03 lakh crore, the fastest net growth of FY27 so far.

    October 2026 GST Collections at a Glance

    Gross collections were ₹2,31,290 crore, compared with ₹1,88,124 crore in October 2025, an increase of about ₹43,000 crore. Domestic revenue rose 15.8% and import-related revenue rose 42.2%.

    Component October 2026 (₹ crore) October 2025 (₹ crore) Change
    Gross domestic revenue 1,59,044 1,37,328 Up 15.8%
    Revenue from imports 72,246 50,796 Up 42.2%
    Central GST (CGST) 42,935 36,547 Up
    State GST (SGST) 51,340 45,134 Up
    Total refunds 27,934 26,225 Up 6.5%
    Net GST revenue 2,03,356 1,61,900 Up 25.6%

    Integrated GST (IGST) was over ₹1.37 lakh crore. Refunds comprised ₹14,007 crore of domestic refunds and ₹13,927 crore of import and export refunds.

    Why the Net GST Growth Looks So Strong

    Part of the jump comes from a weak base. In October 2025, net GST revenue grew only 0.6%, because October collections reflect transactions made in September, and the GST rate rationalisation took effect on September 22, 2025. A tax adviser quoted in coverage of the data noted that October 2025 was the first full month in which the rate changes showed in revenue numbers.

    This base effect does not explain everything. Domestic revenue grew a healthy 15.8% even against that base, and imports grew faster at 42.2%. The October figures also followed gross collections of ₹2,03,521 crore in September, which had risen 14.7% year on year. For April to September, gross collections stood at ₹12,46,278 crore, up 11.6%.

    Three factors explain the size of the jump:

    • A weak base: net GST revenue grew only 0.6% in October 2025.
    • Imports: import-related revenue rose 42.2% to ₹72,246 crore.
    • Slower refunds: refunds rose 6.5%, much slower than gross collections.

    April to October FY27: The Cumulative Picture

    Gross collections for the first seven months of FY27 rose 13.2% to about ₹14.77 lakh crore. Net collections grew 12.6% to ₹12.69 lakh crore from ₹11.27 lakh crore a year earlier. Refunds for April to October rose 16.9% to ₹2.08 lakh crore.

    April to October FY27 Change year on year
    Gross GST collection About ₹14.77 lakh crore Up 13.2%
    Net GST collection ₹12.69 lakh crore Up 12.6%
    Refunds ₹2.08 lakh crore Up 16.9%

    Net growth in the first seven months is lower than the 25.6% recorded in October alone, which shows how much the single month stands out from the year’s trend.

    Refunds Take a Smaller Share of Gross Collections

    Refunds rose 6.5%, far slower than gross collections, so they took a smaller share of the total. Based on the reported figures, refunds were about 12.1% of gross collections in October 2026, against about 13.9% in October 2025. These percentages are calculated from the reported numbers, and they explain why net growth of 25.6% exceeded gross growth of 22.9%.

    Measure October 2026 October 2025
    Refunds as share of gross (calculated) About 12.1% About 13.9%
    Gross collections (₹ crore) 2,31,290 1,88,124
    Net collections (₹ crore) 2,03,356 1,61,900

    Over April to October, refunds grew 16.9%, faster than the 13.2% growth in gross collections. This is why cumulative net growth of 12.6% trails gross growth, while the single month of October shows the opposite pattern.

    What Drove October Collections

    Collections in a month reflect the previous month’s transactions, so October’s numbers capture September activity. Coverage of the data attributed the rise to strong sales, and the 42.2% jump in import-related revenue shows that imports contributed a large part of the increase.

    Other data released on November 1 showed a festive surge in car sales as well. Maruti Suzuki, Hyundai and Kia reported record domestic sales for October, which are a separate dataset from the GST figures but point in the same direction on consumer demand.

    What the GST Data Means for Taxpayers and Investors

    GST collections are a widely followed gauge of economic activity, and the monthly release shows how consumption, trade and the tax system are moving together. A high month does not guarantee that the next month will match it, and the base effect makes October’s growth rate unusually large.

    Investors who follow consumption-linked sectors can track these releases alongside company results. Anyone who wants to hold shares of such companies needs to open a demat account, and price movements can then be followed on a share market app that provides access to NSE and BSE.

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  • Reliance Shares Jump 8% After Record Q2; Sensex Adds 1,000 Points

    Reliance Shares Jump 8% After Record Q2; Sensex Adds 1,000 Points

    Reliance Industries shares surged 8.2% to ₹1,259 in early trade on Monday, November 2, 2026, after the company reported record results for the September quarter on October 30. The stock was the biggest gainer on the Nifty 50 and its largest positive contributor, lifting the Sensex by about 1,035 points, or 1.4%, to 75,486 around 11 am.

    Reliance Industries Share Price and Market Reaction on November 2

    Reliance became the most actively traded stock on both NSE and BSE in morning deals. At ₹1,259, its market capitalisation rose to ₹16.77 lakh crore. The Sensex had opened about 719 points higher, and the Nifty 50 gained 290 points, or 1.26%, to 23,343 at around 11 am.

    Market detail (about 11 am, November 2) Level
    Reliance Industries share price ₹1,259 (up 8.2%)
    Reliance market capitalisation ₹16.77 lakh crore
    Sensex 75,486 (up about 1,035 points, or 1.4%)
    Nifty 50 23,343 (up 290 points, or 1.26%)

    Early gains can change during the session, so these levels are a snapshot of morning trade and not a closing figure.

    Reliance Industries Q2 FY27 Results at a Glance

    Reliance reported a consolidated net profit of ₹25,548 crore, up 40.64% from ₹18,165 crore a year earlier and up from ₹20,946 crore in the June quarter. Profit after tax stood at ₹29,250 crore, up 32% from ₹22,146 crore. Revenue from operations rose 28.57% to ₹3,32,861 crore, and gross revenue rose 27.8% to ₹3.62 lakh crore. The results beat market estimates and arrived two days after the record-setting listing of Jio Platforms.

    Metric Q2 FY27 Q2 FY26
    Net profit (₹ crore) 25,548 18,165
    Profit after tax (₹ crore) 29,250 22,146
    Revenue from operations (₹ crore) 3,32,861 2,58,898
    O2C EBITDA (₹ crore) 25,203 15,008

    Oil-to-Chemicals Business Drives the Quarter

    The oil-to-chemicals (O2C) business, Reliance’s largest by revenue, reported a 44% jump in revenue to ₹2.32 lakh crore. Its EBITDA, or earnings before interest, tax, depreciation and amortisation, rose 68% to ₹25,203 crore from ₹15,008 crore.

    Reliance said fuel cracks, which measure refining profitability, rose three to 3.7 times from a year earlier and reached historic highs. Crude prices rose 40% in the quarter on the back of the West Asia crisis, while transportation fuel prices were up 50% to 78%. Polyester chain margins recovered to a three-year high.

    Despite disruptions in the Strait of Hormuz, Reliance maintained high crude runs by sourcing from the strait and from other regions, including Latin America, North America and the Mediterranean. Freight rates surged 15 to 20 times, and exports were redirected to the highest-netback markets, with light distillates going to East and South Africa and middle distillates to Europe, Latin America and West Africa.

    Chairman Mukesh Ambani attributed the performance to tight fuel markets, better downstream petrochemical margins and firm domestic demand. Earnings growth was held back by continued costs linked to the special additional excise duty and by under-recoveries in the Jio-bp business.

    Jio Platforms and Reliance Retail Q2 Performance

    Jio Platforms, in its first results since its listing, reported a 13.7% rise in quarterly profit to ₹8,387 crore on revenue growth of about 11%. Average revenue per user (ARPU) rose to ₹218.8 from ₹211.4 a year earlier and ₹215.6 in the June quarter. The subscriber base stood at 542.4 million, with 36 million net additions over the trailing 12 months.

    Reliance Retail did not share in the growth. Its net profit fell 24.3% to ₹2,611 crore, even as revenue rose 5.8% to ₹80,220 crore. Revenue from the oil and gas exploration and production segment slipped 0.6% to ₹6,020 crore.

    • O2C: revenue up 44%, EBITDA up 68%.
    • Jio Platforms: profit up 13.7%, ARPU at ₹218.8.
    • Reliance Retail: profit down 24.3%, revenue up 5.8%.
    • Oil and gas (E&P): revenue down 0.6%.
    • JioStar: profit down 13.2% to ₹1,147 crore, with revenue up 9.8%.

    What Investors Can Track After the Reliance Rally

    Reliance carries a large weight in the Nifty 50 and the Sensex, which is why its 8% move lifted both indices. Investors who want to own the stock need to open demat account online with a depository participant, and a trading platform that gives access to NSE and BSE can be used to follow the price through the session.

    Reliance’s own disclosures point to items that will shape coming quarters: the level of fuel cracks, the cost of the special additional excise duty on exports, the Jio-bp under-recoveries and the pace of ARPU growth at Jio Platforms. Share prices can reverse after a sharp rise, and a single day’s gain is not a forecast.

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  • Deepak Nitrite Q2 Profit Jumps 235% to ₹398 Cr; Shares Up 9%

    Deepak Nitrite Q2 Profit Jumps 235% to ₹398 Cr; Shares Up 9%

    Deepak Nitrite reported a 235% year-on-year jump in consolidated net profit to ₹397.68 crore for the September quarter of FY27, and its shares rose as much as 9.4% to ₹1,616.65 in early trade on Friday, October 30, 2026. Total income rose 61% to ₹3,092.66 crore, and the EBITDA margin widened to 20.8% from 11.6% a year earlier.

    Deepak Nitrite Q2 FY27 Results at a Glance

    The chemical maker’s second quarter was its strongest on record, with profit more than tripling over the year-ago quarter. Profit before tax rose even faster than total income, which shows that margins widened rather than the gain coming only from higher sales.

    Metric (₹ crore) Q2 FY27 Q2 FY26
    Consolidated net profit 397.68 118.75
    Profit before tax 542.70 163.03
    Total income 3,092.66 1,921.84
    EBITDA 643 224
    EBITDA margin 20.8% 11.6%

    Total expenses rose 45% to ₹2,549.96 crore from ₹1,758.81 crore, far slower than the 61% rise in income. Profit before tax was about 17.5% of total income, against about 8.5% a year earlier, a ratio calculated from the reported figures.

    The year-ago base was weak, which explains part of the size of the jump. In Q2 FY26, Deepak Nitrite’s net profit had fallen about 39% to roughly ₹119 crore on a 6.4% drop in revenue from operations to ₹1,901.89 crore. The June quarter of FY27 had already shown a recovery, with net profit of ₹345.01 crore, more than three times the ₹112.25 crore of the year-ago quarter.

    On a quarter-on-quarter basis, net profit rose 15.3% from ₹345.01 crore in the June quarter. Revenue from operations grew 19.4% from ₹2,577.60 crore, and EBITDA, which is earnings before interest, tax, depreciation and amortisation, increased 16%.

    Phenolics Drives the Quarter

    The Phenolics segment was the main contributor. Its revenue rose 72% year on year to ₹2,291 crore, while its EBIT, or earnings before interest and tax, surged 256% to ₹515 crore.

    The company attributed this performance to favourable domestic market conditions, disruptions to imports and higher international freight costs. Together these made locally manufactured products more competitive. In the first half of FY27, Phenolics generated ₹933 crore of EBIT, which exceeds its previous full-year peak of ₹867 crore in FY22, according to the company’s presentation filed with the National Stock Exchange.

    Advanced Intermediates: Higher Sales, Thinner Profit

    The Advanced Intermediates segment grew revenue 38% to ₹811 crore, but its profit is far smaller than that of Phenolics. The company said profitability in this segment was affected by aggressive global pricing, elevated raw material and energy costs, and higher export freight expenses.

    Segment Q2 FY27 revenue (₹ crore) Revenue growth year on year Q2 FY27 EBIT (₹ crore)
    Phenolics 2,291 72% 515
    Advanced Intermediates 811 38% 49 (₹23 crore a year earlier)

    The table shows how uneven the split is. Phenolics contributed about 91% of the two segments’ combined EBIT of ₹564 crore, a share calculated from the reported segment figures. Advanced Intermediates still more than doubled its EBIT from ₹23 crore, but from a much smaller base.

    First Half of FY27: The Cumulative Picture

    The first half of FY27 reinforces the quarterly trend. The company’s results for the six months ended September 30, 2026, show profit growing far faster than sales.

    • Net profit: ₹742.69 crore, up 221.5% from ₹231.01 crore in the first half of FY26.
    • Revenue from operations: ₹5,653.97 crore, up 49.1% from ₹3,791.77 crore.
    • Profit before tax: ₹1,010.33 crore, against ₹317.77 crore a year earlier.
    • EBITDA: ₹1,197 crore, up 173%.

    Chairman and Managing Director Deepak C. Mehta described the quarter and the half year as record performance. He described the operating backdrop as demanding and credited the quality of the company’s manufacturing assets, its teams and operational agility, and said the company had maximised capacity utilisation across its plants despite supply-chain challenges.

    Deepak Nitrite Share Price on October 30

    The stock opened at ₹1,575.30 on Friday, did not trade below ₹1,566.45 in the early session, and touched a high of ₹1,616.65, which was 9.41% above the previous close of ₹1,477.60. Early moves after a results announcement can change during the session, so the opening gain is not a guide to where the stock ends the day.

    Investors who want to hold chemical sector shares in electronic form can open demat account online with a depository participant. The price and the company’s exchange filings can then be followed on a share market app that provides access to NSE and BSE.

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  • Suzlon Energy Shares Hit 52-Week Low After Q2 Profit Falls 69%

    Suzlon Energy Shares Hit 52-Week Low After Q2 Profit Falls 69%

    Suzlon Energy shares fell as much as 9.7% to a 52-week low of ₹33.21 on Friday, October 30, 2026, a day after the company reported a 69% year-on-year drop in Q2 FY27 net profit. The wind turbine maker’s revenue rose 26% to ₹4,869 crore, but its operating margin narrowed to 14.7% from 18.6% a year earlier.

    Suzlon Energy Share Price Reaction on October 30

    Suzlon announced its September quarter results after market hours on Thursday, October 29. The stock had closed that day at ₹36.79, down 1.45%, so the results did not reach the market until Friday’s session.

    On Friday the shares touched ₹33.21, a fall of 9.73% from the previous close, and were last seen near ₹33.55 around midday, down 8.81%. The stock has declined about 39.7% over the past six months.

    Price detail Level
    Close on October 29 ₹36.79
    Intraday low on October 30 (52-week low) ₹33.21
    Fall from previous close at the low 9.73%
    Last seen around midday ₹33.55 (down 8.81%)
    Change over six months Down 39.71%

    How Suzlon Stock Was Placed Before the Results

    The stock was already close to its lows going into the announcement. On October 26 it was trading near ₹36.77, and it had fallen more than 40% from its 52-week high of ₹61.45 reached in November 2025. Shares also fell sharply after the June quarter results on July 28, when the company reported a 6% drop in profit to about ₹305 crore on 23% higher revenue of ₹3,819 crore.

    Suzlon Energy Q2 FY27 Results: Profit, Revenue and EBITDA

    Consolidated net profit was ₹394.15 crore, against ₹1,279.44 crore in the year-ago quarter, a fall of 69.19%. The comparison looks steep because the Q2 FY26 profit was lifted by a one-time deferred tax gain. Compared with the June quarter, profit rose 29.14% from ₹305.22 crore.

    Revenue from operations grew 25.96% year on year to ₹4,869.05 crore and 27.48% from the June quarter. Operating profit did not keep pace. EBITDA, which is earnings before interest, tax, depreciation and amortisation, was about ₹720 crore, flat against ₹721 crore a year earlier despite the 26% rise in sales.

    Metric (₹ crore) Q2 FY27 Q2 FY26 Q1 FY27
    Consolidated net profit 394.15 1,279.44 305.22
    Revenue from operations 4,869.05 3,865.54 3,819.36
    EBITDA About 720 721 595

    The EBITDA margin, which shows what share of sales turns into operating profit, contracted to 14.7% from 18.6%. EBITDA was up 21% on the June quarter.

    Why the Operating Margin Narrowed

    Brokerages flagged the fall in operating profitability as a key concern after the results. They linked it to a higher share of engineering, procurement and construction (EPC) work in the business mix.

    EPC accounted for 38% of the order book, compared with 32% in Q1 FY27. The company has said it wants to raise the EPC share to 50% by FY28. Suzlon’s CEO Ajay Kapur said the rising EPC share reflects the company’s expanding role in end-to-end project execution. EPC means the company handles the full build of a wind project and not only the supply of turbines.

    Deliveries, Commissioning and Order Book in Q2

    Execution improved sharply even as margins fell. Suzlon’s management described the quarter as one of record Q2 deliveries and strong commissioning.

    • Deliveries: wind turbine deliveries rose to 710 MW from 565 MW a year earlier.
    • Commissioning: projects commissioned in the quarter reached 454 MW, nearly three times the 153 MW of the year-ago quarter. In the first half of FY27 the company commissioned 723 MW.
    • Order book: above 6 GW, with public sector undertakings and commercial and industrial customers making up 78% of it.
    • Order intake: more than 1.5 GW in the first half of FY27.
    • Net worth: has crossed ₹10,000 crore.

    What Investors Can Track After the Results

    Anyone who wants to hold wind energy shares in electronic form needs to open a demat account, and price moves like Friday’s can be followed live on a trading platform that provides access to NSE and BSE. Share prices can fall further or recover, and a 52-week low is a record of past prices, not a forecast.

    The company’s own disclosures point to the items that will shape the next quarters:

    • the EPC share of the order book against the 50% target for FY28
    • the EBITDA margin trend as the mix changes
    • the pace of commissioning compared with the 454 MW reached in Q2
    • order intake after the more than 1.5 GW booked in the first half

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