Tata Power delivered a 48.6% surge in consolidated net profit to ₹1,366 crore for the second quarter of FY27, powering ahead from ₹919 crore a year earlier. Operating revenue jumped 27.1% to hit ₹19,636 crore. The bottom line drew support from an exceptional one-time gain of ₹119.2 crore logged during the September quarter, according to the regulatory filing.
Earnings before interest, taxes, depreciation, and amortisation climbed 11.1% to ₹3,667 crore. Yet margins compressed. The utility's EBITDA margin shrank to 18.7% from 21.2% in the year-ago period, reflecting higher operational expenses despite top-line expansion. Alongside earnings, the board approved an ₹11,871 crore capital outlay to build a 1,800 MW pumped storage project in Maharashtra, anchoring its long-term generation capacity.
Mishra Dhatu Nigam turned in a sharp operational turnaround. The state-run superalloys manufacturer saw net profit leap over twofold to ₹28 crore from ₹13 crore in the year-ago quarter. Revenue rose 41.1% to ₹296 crore, up from ₹210 crore. Operating profit leaped 51.6% to ₹50 crore, expanding EBITDA margins to 16.8% from 15.6%.
DCX Systems narrowed its quarterly bleeding. Net loss shrank to ₹0.2 crore against a ₹9 crore loss a year earlier. Revenue slipped 27.5% to ₹140 crore, down from ₹193 crore. But cost adjustments paid off—the electronic sub-systems maker trimmed its EBITDA loss to ₹1.5 crore from ₹13 crore.
| Company | Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|---|
| Tata Power | Net Profit | ₹1,366 cr | ₹919 cr | +48.6% |
| Tata Power | Revenue | ₹19,636 cr | ₹15,444 cr | +27.1% |
| MIDHANI | Net Profit | ₹28 cr | ₹13 cr | +115.4% |
| MIDHANI | Revenue | ₹296 cr | ₹210 cr | +41.1% |
Triveni Turbine met severe margin pressure. Net profit sank 41.6% to ₹53.3 crore, down from ₹91.2 crore in the corresponding period of FY26. Topline contraction remained modest—revenue slid 3% to ₹491 crore from ₹506 crore.
EBITDA collapsed 43.9% to ₹64 crore. Operating margin contracted 10 full percentage points to 13%, halving from the 23% print posted twelve months prior.
Bajaj Finance moved on institutional capital. The non-banking lender set November 11, 2026, for the rollout of its Qualified Institutional Placement, fixing the floor price at ₹992.25 per equity share, according to its exchange notification.
Market Context: The divergence between heavy power infrastructure and light industrial capital goods widens. While grid and generation asset owners sustain double-digit topline acceleration, specialized machinery vendors face cyclical compression on input costs and delivery realignments.
Life Insurance Corporation of India led new business accretion in October, logging a 31.3% jump in total premium collections to ₹25,316 crore, up from ₹19,274 crore. Total annualized premium equivalent expanded 19.5% to ₹5,827 crore from ₹4,878 crore. Individual APE rose 4.8% to reach ₹2,886 crore against ₹2,755 crore.
Private players showed mixed momentum. HDFC Life reported a 17.8% climb in total premium to ₹3,334 crore from ₹2,829 crore. Total APE climbed 16.3% to ₹1,276 crore, while individual APE grew 16% to ₹1,067 crore.
SBI Life moved at a slower clip. Total premium advanced 11.6% to ₹3,556 crore, but total APE gained just 2.2% to ₹1,877 crore. Individual APE slipped 0.9% to ₹1,681 crore against ₹1,696 crore a year earlier.
Go Digit General Insurance closed October with a 39.2% rise in total premium to ₹168 crore from ₹120 crore. Total APE rose 33.6% to ₹70 crore. Individual APE tumbled 77.5% to ₹4 crore from ₹16 crore, revealing an uneven product mix shift. Trading desks will track institutional bidding books on the Bajaj Finance placement alongside volume response across midcap industrial counters as markets digest the mid-quarter corporate filings.
| DCX Systems | Net Loss | ₹(0.2) cr | ₹(9.0) cr | Loss Narrowed |
| Triveni Turbine | Net Profit | ₹53.3 cr | ₹91.2 cr | -41.6% |