Swiggy Narrowed Loss, eMudhra Withdraws SSL/TLS Business, Market Opens Gap‑Up
Swiggy reported its second‑quarter results for the 2026‑27 financial year, posting a consolidated net loss of ₹922 crore, a narrowing from ₹1,092 crore in the same period last year. The loss widened sequentially from ₹791 crore in the first quarter of FY27. Revenue from operations surged 36.14 % YoY to ₹7,571 crore, up from ₹5,561 crore in the July‑September quarter of FY26. The domestic stock market is expected to open with a gap‑up on Friday, October 23, as GIFT NIFTY futures suggest the NIFTY50 index will open 109 points higher today.
eMudhra Limited announced its Board has decided to voluntarily withdraw from the global SSL/TLS certificate business. Chairman V. Srinivasan referred to a recent incident involving its global SSL/TLS certificate, noting that eMudhra handled the event diligently by revoking the affected CAs within 14 hours of discovery and disclosing promptly. The press release added that no end‑entity certificates were issued from the affected CAs, its infrastructure was not compromised, no data was breached, and all physical and logical security controls remained intact for all stakeholders today.
Bansal Wire Industries posted a 38 % year‑on‑year rise in consolidated net profit to ₹52.9 crore in the September quarter (Q2 FY27), driven by higher revenues. Its profit after tax (PAT) was ₹38.3 crore in the second quarter of the preceding 2025‑26 financial year. During July‑September FY27, the company’s revenue increased 23.9 % to ₹1,308.1 crore from ₹1,055.4 crore a year ago. MD & CEO Pranav Bansal said the company sold 1.29 LT in the quarter, up 12.4 % YoY and 15.1 % over Q1FY27, with EBITDA rising to ₹105.03 crore and EBITDA per tonne to ₹8,150.4, both the highest in its history.
Nuvoco Vistas Corp, the building materials division of the Nirma Group, reported a 77.84 % jump in consolidated profit to ₹64.79 crore for the September quarter, helped by premiumisation and revenue growth. Its net profit was ₹36.43 crore a year ago, according to a regulatory filing. Revenue from operations rose 13.52 % to ₹2,789.97 crore in the September quarter, up from ₹2,457.57 crore in the corresponding quarter of the preceding fiscal year. Total expenses increased 11.4 % to ₹2,684.80 crore, while total income, including other income, climbed 13.46 % to ₹2,792.80 crore for 2026.
BlueStone Jewellery and Lifestyle Ltd reported a consolidated net loss of ₹4.37 crore for the quarter ended September, down from ₹52.10 crore a year ago. Total income rose to ₹769.4 crore in Q2 FY27 from ₹525.28 crore a year earlier, while the company operates through 379 stores across 146 cities. Jindal Stainless posted an 11.1 % rise in consolidated net profit to ₹898 crore in the September quarter, driven by higher revenue from increased sales. Net revenue stood at ₹12,874 crore, an 18.2 % YoY increase, with EBITDA at ₹1,433 crore and PAT at ₹898 crore.
CreditAccess Grameen Limited disclosed its highest‑ever quarterly profit after tax of ₹502 crore in Q2 FY27, a year‑on‑year growth of 298.7 %. PAT has grown more than fivefold over the past five years. Assets under management increased 19.5 % YoY, with return on assets at 5.8 % and return on equity at 23.2 %. The company raised its FY27 guidance for ROA to 5.2–5.8 % and ROE to 21–24 %. Meanwhile, other stocks such as Muthoot Finance, Manappuram Finance, Titan, Kalyan Jewellers India and Senco Gold may remain in focus as gold prices decline, while oil‑linked names like ONGC, Oil India, Reliance Industries, Indian Oil Corporation, BPCL and HPCL could be affected by Brent crude hovering around $114 a barrel.