Meesho Narrows Loss as NMV and Users Grow, Hero MotoCorp Posts 42% Profit Rise
Meesho, the e‑commerce platform, announced on Wednesday that its loss for the second quarter ended September narrowed to ₹132.4 crore, compared with a loss of ₹411.3 crore in the same period a year earlier. Consolidated revenue from operations rose about 34 % to ₹4,131.5 crore from ₹3,073.6 crore in the preceding fiscal year. Chairman, Managing Director and CEO Vidit Aatrey said the company’s operating model is strengthening, noting net merchandise value grew 23 % year‑on‑year to ₹12,911 crore and annual transacting users reached 28.4 crore. He added that first‑time buyers grew 16 % quarter‑on‑quarter and festive‑aligned NMV rose 33 % year‑on‑year, signalling scale benefits translating into stronger platform economics.
Hero MotoCorp, India’s largest two‑wheeler maker, reported a 42 % year‑on‑year rise in consolidated profit after tax for the second quarter of the current fiscal year, with profit amounting to ₹1,861 crore versus ₹1,308 crore a year ago. Revenue from operations increased to ₹14,971 crore, up 23 % from ₹12,218 crore a year earlier. The company dispatched 18.68 lakh motorcycles and scooters, a 10 % growth year‑on‑year, with the scooter segment registering a 47 % rise to 2.40 lakh units in the September quarter. A ₹397 crore gain from the equity consolidation of an associate company, following its capital raise, contributed to the results.
GMR Airports posted an 86 % rise in profit after tax to ₹65.38 crore in the September quarter, up from ₹35.06 crore a year earlier, driven by higher revenues. Total income rose to ₹4,188.49 crore from ₹3,754.38 crore a year ago, while the company recorded a total comprehensive loss of ₹80.75 crore in the current quarter versus a comprehensive income of ₹14.30 crore a year earlier. GMR Airports‑owned airports handled 28 million passengers in the September quarter, and the company appointed Sanjeev Gupta as Additional Director and Deputy CEO effective October 29.
Bandhan Bank reported a fivefold year‑on‑year jump in net profit to ₹622 crore for the quarter ended September 30, 2026, up from ₹122 crore a year earlier, aided by a decline in bad loans. United Spirits Ltd, controlled by Diageo, posted a 7.75 % decline in consolidated net profit to ₹428 crore for the September quarter, down from ₹464 crore a year earlier, with revenue from operations falling 2.56 % to ₹7,014 crore from ₹7,199 crore. The company’s total expenses were ₹6,471 crore, down 2.22 % year‑on‑year.
Larsen & Toubro’s data centre arm, Vyoma AI, announced a groundbreaking ceremony for a 52 MW facility near Chennai, featuring advanced direct‑to‑chip liquid cooling technology for efficient thermal management, scalability and reliability for hyperscalers, neoclouds and AI innovators. Sundram Fasteners reported a 12 % growth in standalone profit after tax to ₹310.95 crore, up from ₹278.62 crore a year earlier, while standalone revenue from operations grew 26 % to ₹3,375.53 crore from ₹2,688.54 crore. Exports rose 57 % year‑on‑year to ₹530.95 crore.
Gulf Oil Lubricants India posted a 34 % year‑on‑year growth in standalone profit after tax to ₹117 crore in the September quarter, up from ₹87 crore a year earlier, driven by strong volume growth. Revenue from operations rose 44 % year‑on‑year to ₹1,379 crore from ₹957 crore. During the half‑year ended September 2026, standalone revenue from operations stood at ₹2,700 crore, up 38 % from ₹1,953 crore, while net profit rose 33 % year‑on‑year to ₹245 crore. JSW Energy reported a 38 % year‑on‑year rise in consolidated net profit to ₹1,141 crore, up from ₹824 crore, with total income increasing to ₹6,657.71 crore from ₹5,361 crore. The board approved raising long‑term funds up to ₹5,000 crore through non‑convertible debentures.