Earnings Calls | 9 Oct 2025

4:00 PM- Madhya Bharat Agro
7:00 PM TCS
8:00 PM Tata Elxsi

Board Meetings Scheduled – 9 Oct 2025
Company Agenda
5PAISA – Rights Issue of Equity Shares; General Matters
AFIL- General Matters
ALSTONE- General Matters
ASHIS- Quarterly & Audited Results
ASTALLTD- Preferential Issue; Increase in Authorised Capital; General
COVIDH- Rights Issue; General Matters
EIMCOELECO- Quarterly Results; G…[Read more]

Stocks in News — October 8, 2025

Positive Developments

Saatvik Green: Received an order worth ₹488 crore for the supply of solar PV modules from leading independent power producers.

Dishman Carbogen Amcis (DCAL): Signed an agreement with Celonic Group to deliver a fully integrated antibody-drug conjugate (ADC) development platform.

Salzer Ele…[Read more]

UPDATES’

ORDER WINS

Sarveshwar Foods Ltd: Secures a major export order worth ₹266 million from Delaware, USA–based Agri Services & Trade LLC. Total export orders now stand at ₹1,226 million over the past two months.

AIA Engineering Ltd: Subsidiary Vega Industries Chile SpA wins a $32.9 million (~₹291 crore) order from a Chilean copper mine fo…[Read more]

Quarterly Business Update

HDFC Bank Q2 (YoY)

Gross advances soar 9.9% to Rs 27.69 lakh crore Vs Rs 25.19 lakh crore
Average deposits grow 15.1% to Rs 27.1 lakh crore Vs Rs 23.54 lakh crore

Average CASA deposits increase 8.5% to Rs 8.7 lakh crore Vs 8.08 lakh crore
Average AUM jumps 9% to Rs 27.94 lakh crore Vs Rs 25.63 lakh crore

IndusInd Bank…[Read more]

MERGER OF 12 PSU BANKS INTO 3 MEGA BANKS (2025)

GROUP 1: SBI-LED MEGA BANK (NATIONWIDE DOMINANCE)

– STATE BANK OF INDIA (SBI)
– PUNJAB NATIONAL BANK (PNB)
– BANK OF BARODA (BOB)
– BANK OF INDIA (BOI)

*WHY*: COMBINES SBI’S SCALE (22,000 BRANCHES, ₹7 LAKH CR MARKET CAP) WITH STRONG NORTHERN/CENTRAL BANKS FOR 35,000 BRANCHES, ₹10 LAKH CR+ MARKE…[Read more]

Bank of Baroda 2QFY26 business figures

Business update

Total Business (Global) have grown 5.2% QoQ and 10.5% YoY to Rs. 27,791 bn

Loan book aspects

Gross Advances (Global) have grown 6.0% QoQ and 11.9% YoY to Rs. 12,791 bn

Gross Advances (Domestic) have grown 5.6% QoQ and 11.5% YoY to Rs. 10,467 bn

Retail Advances (Domestic) have grown 4.5%…[Read more]

AU Small Finance Bank (Not Rated CMP Rs 742/share) 2QFY26 –

Operational update numbers

• Total deposits stood at Rs 1,325.1 bn up 20.8% YoY and 3.8% QoQ
• CASA deposits at Rs 389.6 bn up 9.7% YoY and 4.6% QoQ
• CASA ratio remained largely steady at 29.4%, broadly in line with 1Q (29.2%).
• Gross Advances stood at Rs 1,175.2 bn up 22.4% YoY…[Read more]

Angel One Limited: Q2 FY26 & September 2025 Business Update

Q2 FY26
– Client Base increased to 34.08 Mn (4.9% QoQ, 24.0% YoY)
– Gross Client Acquisition came in at 1.74 Mn (12.2% QoQ, -41.9% YoY)
– Average Client Funding Book increased to Rs 53.05 Bn (26.1% QoQ, 36.4% YoY)

– Number of orders came in at 360.43 Mn (5.0% QoQ, -26.3% YoY)
– Average…[Read more]

Banking Sector – Thematic Report – Nirmal Bang Institutional Equities

Core Business Valuations of Large Banks with Sizeable Subsidiaries

Robust banking businesses at reasonable valuations

Key Points

• 20-year core business valuation trend of large banks: In this report, we have looked at the factors which led to the re-rating of the 5 lar…[Read more]

Big Move from RBI: NBFCs Get Global Wings!

The Reserve Bank of India has unlocked a game-changing reform — NBFCs can now borrow unlimited dollars from global markets.

What’s Changed?

No cap on foreign borrowings

No end-use restrictions

Fully market-determined interest rates

In short: NBFCs just got the freedom to raise funds globally — w…[Read more]

Global Stock Markets Q3 2025 — Winners & Laggards

The first nine months of 2025 have delivered some striking shifts in global equity performance — with Europe stealing the spotlight.

Top Performers
Central and Eastern Europe are leading the global rally, with multiple markets gaining over 50% YTD.

Czech Republic: +55.4%

Greece: +53.4%

Pol…[Read more]

Stocks to Watch — October 6, 2025

Banking & Financials

HDFC Bank: Gross advances rose 4.4% QoQ and 9.9% YoY to ₹27.69 lakh crore in Q2FY26. Average deposits stood at ₹27.1 lakh crore, up 15.1% YoY and 2% QoQ.

Kotak Mahindra Bank: Net advances grew 15.8% YoY and 4% QoQ to ₹4.62 lakh crore. Average quarterly advances were ₹4.47 lakh crore, up…[Read more]

Daily Corporate & Economy Report — 6 October 2025

Key Corporate Developments

Bondada Engineering: Received sanction from Bank of Baroda for enhanced credit facilities to support project execution. The company reported an order book of ₹5,044 crore (as of April 1, 2025) and expects new orders worth ₹6,250–7,000 crore, targeting a closing order b…[Read more]