Q2 FY27 Earnings: SBI, Bajaj Finserv, Emcure, Awfis and NSE Report Financial Results

A series of major Indian companies, financial institutions, and prominent startups have released their financial results for the second quarter of fiscal year 2027 (Q2 FY27). The reporting period has seen a mix of strong profit growth and strategic updates across banking, pharmaceuticals, real estate, and co-working sectors.

In the banking and financial sector, the State Bank of India (SBI) reported a 14 percent year-on-year rise in standalone net profit to ₹23,038 crore, with shares trading flat at ₹973.20 on the NSE. Bajaj Finserv saw its standalone profit rise 34.4 percent to ₹1,458.53 crore, pushing its shares up 3 percent to trade at ₹1,765.80. Meanwhile, the National Stock Exchange (NSE) posted a 23 percent year-on-year rise in Q2 net profit to ₹2,578 crore, driven by cash market growth, higher revenue, and expanding co-location capacity.

Pharmaceutical companies also recorded notable earnings movements. Emcure Pharmaceuticals shares rallied 10 percent to hit the upper circuit after reporting a 29.31 percent increase in consolidated net profit to ₹325.06 crore, supported by growth in its international business. Conversely, Lupin posted a 22.19 percent decline in consolidated net profit to ₹1,155.30 crore, with its stock trading at ₹2,027.60 on the NSE. Gabriel India posted a standalone net profit of ₹68.4 crore compared to ₹61.2 crore in Q2 FY26, alongside an interim dividend declaration of ₹2.15 per share.

In the workspace and hospitality sectors, Awfis Space shares rose over 12 percent to ₹271.90 after posting a standalone PAT of ₹29.5 crore, up from ₹15 crore in Q2 FY26. SAMHI Hotels recorded a 15.6 percent year-on-year growth in total income to ₹3,427 million, maintaining an occupancy rate of 78.6 percent with domestic travelers contributing approximately 80 percent of total room nights. Bagmane Prime Office REIT declared a ₹527 crore distribution for Q2 after leasing 1.2 million square feet and raising committed occupancy to 99 percent.

Other notable performers included Fractal Analytics, which reported a net profit of ₹79.2 crore and revenue of ₹956.5 crore, and the Multi Commodity Exchange of India (MCX), which saw shares fall 5 percent to ₹3,318.80 despite reporting a more than two-fold jump in consolidated net profit to ₹455 crore. A broad range of other major companies, including Lenskart Solutions, Physicswallah, BSE, Cummins India, Zydus Lifesciences, and Dabur India, were also scheduled to announce their quarterly earnings.

"The Q2 FY27 earnings reports demonstrate steady financial resilience across established banking institutions and emerging asset-light business models like flexible workspaces. While banking giants continue to post robust net profits driven by core operations, companies in sectors such as pharmaceuticals and co-working are reaping the benefits of strategic expansion and international market growth. For investors and entrepreneurs, these quarterly figures highlight the importance of adaptability and operational efficiency in navigating shifting market conditions." — Dr. Shishir Gupta, Founder & CEO, StartupLanes