The Ramco Cements reported a significant three-fold surge in its consolidated net profit to Rs 77.88 crore for the September quarter. Revenue from operations grew 9.52% to Rs 2,238.74 crore, though cement sales volume remained flat. The company plans to reach 30 MTPA cement capacity by March 2026.
Fairfax-backed CSB Bank reported a 16% YoY rise in Q2 profit to 160 crore, driven by higher interest income and 16% NII growth to 424 crore. The bank plans to expand its retail, SME, and NRI businesses, including a new Dubai office, while maintaining a conservative gold loan strategy.
Embassy Office Parks REIT reported a 13% YoY rise in Q2 FY26 revenue to 1,124 crore and 15% NOI growth to 927 crore, with 93% occupancy, 6.51 per unit distribution, and robust leasing momentum led by Bengaluru.
Nomura and Nuvama reiterated Buy ratings on Mahindra & Mahindra after strong Q2 results, projecting up to 22% upside on robust SUV demand, farm segment growth, and rising margins driven by new launches and PLI benefits.
European shares dipped to a two-week low on Wednesday, mirroring global investor nervousness over elevated equity valuations. Technology stocks led the decline, while Novo Nordisk slipped after issuing a cautious profit forecast. However, Vestas shares surged on better-than-expected earnings.
