NEW DELHI — Corporate earnings updates highlighted significant financial shifts across major Indian firms, led by ITC reporting a 20% decline in profit alongside contracting margins during the second quarter.
According to Q2 financial disclosures tracked by NDTV Profit, ITC's performance faced bottom-line pressure as margins compressed. Meanwhile, Container Corporation of India (Concor) made news by announcing a dividend for shareholders.
The broader earnings season also saw strong activity in the fintech sector. MobiKwik shares jumped 10% after the company posted a record profit of approximately Rs 12 crore (specifically reported around Rs 11.83 crore) for the second quarter of FY27, marking its fourth consecutive profitable quarter alongside 35% platform GMV growth and expanding margins.
