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9 min read | Updated on November 03, 2025, 08:30 IST
SUMMARY
Stocks to Watch: Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Kia India on Saturday reported record sales in the domestic market, riding on festive demand boosted by the GST rate cut.
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The GIFT NIFTY futures suggest that the NIFTY50 index will open 55 points lower. | Image: Shutterstock
Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October.
"In October, we did a retail of 2,42,096 units, which is a growth of almost 20 per cent over the last year," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in a virtual interaction.
It was the highest-ever retail sale that the company did in October.
In the 40-day festival period starting from Navratra, he said the company had 5 lakh bookings with 4.1 lakh retail sales, "which is almost double of the last year".
Built on Mahindra's advanced purpose-built INGLO platform, the latest electric SUV from the homegrown automobile major is set for world premiere at the 'Scream Electric' event in Bengaluru on November 27, which also will mark one year of Mahindra's all-electric journey and its growing INGLO portfolio, the company said.
Domestic sales were up 16% at 16,314 units as against 14,067 units in October 2024, Ashok Leyland said in a statement.
Sales of medium and heavy commercial vehicles in the domestic market were at 9,611 units as against 8,437 units in the year-ago month, a growth of 14%, it added.
Light commercial vehicle sales in the domestic market last month were higher at 6,703 units as against 5,630 units in the year-ago period, the company said.
Crude oil price averaged around $65.74 per barrel, analysts added.
BPCL's revenue from operations advanced 3.1% to ₹1.22 lakh crore in the July-September period from ₹1.18 lakh crore in the year-ago period.
In the corresponding period of the previous financial year, it had clocked a net loss of ₹1.82 crore, the firm said in a regulatory filing dated Saturday.
The company had posted a profit of ₹136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL).
Its revenue from operations was up 17.9% at ₹3,019.20 crore in the September quarter. It was at ₹2,560.12 crore in the corresponding period a year ago.
JKCL's total expenses were at ₹2,827.36 crore, up 11% in the September quarter.
The Tata Group company reported over a 60% decline in consolidated net profit at ₹77 crore during the September quarter.
The company's net profit stood at ₹194 crore in the year-ago period, Tata Chemicals said in a regulatory filing.
Revenue from operations of the company dipped 3.05% to ₹3,877 crore during the quarter under review compared to ₹3,999 crore in the same period of the previous fiscal year.
The company reported a 26.6% increase in total sales to 61,295 units in October, compared to 48,423 units in the same month last year.
The record-breaking monthly wholesales for the second consecutive month at 61,295 units were led by SUVs with over 47,000 units sold, achieving the highest-ever 77% share in monthly sales, Tata Motors Passenger Vehicles said in a regulatory filing.
The company had posted a net loss of ₹14.01 crore in the year-ago period.
Total income rose to ₹33.06 crore during the July-September period of the 2025-26 fiscal year from ₹15.96 crore in the corresponding period of the preceding year, according to a regulatory filing on Friday.
The company is the real estate arm of the large business conglomerate Mahindra Group.
Its net profit stood at ₹218.09 crore in the year-ago period.
Total income rose to ₹1,146.21 crore in the July-September period of the 2025-26 fiscal year from ₹955.06 crore logged in the corresponding period of the preceding year, according to a regulatory filing.
The Phoenix Mills Ltd is mainly into the development of retail-led mixed-use projects.
The company's developments are spread across retail, hospitality, commercial offices, and residential asset classes across major cities.
The contract also includes signalling for 24.9 km of track, telecommunication systems across 16 stations, platform screen doors, depot machinery, and five years of comprehensive maintenance, a statement said.
The project covers both Phase 1 (Kapur Bawdi-Kasheli-Dhamankar Naka) and Phase 2 (Dhamankar Naka-Bhiwandi-Kalyan APMC) of the Line 5 corridor.
The public sector bank's core net interest income grew 2.7% to ₹11,954 crore on the back of a nearly 12% growth in advances and a compression in the net interest margin to 2.96% as against 3.11% in the year-ago period.
Total income also declined to ₹35,026 crore in the second quarter from ₹35,445 crore in the same period of the previous fiscal.
The company had posted a consolidated net profit of ₹102.5 crore in the corresponding quarter last fiscal year, Jubilant Pharmova Ltd said in a regulatory filing.
Consolidated revenue from operations in the second quarter was at ₹1,966.4 crore as against ₹1,752.3 crore logged in the year-ago period, it added.
Total expenses in the quarter under review stood at ₹1,780 crore as compared to ₹1,615.3 crore in the same period a year ago, the company said.
The Chennai-based company had earned a profit of ₹182 crore during the corresponding period of the last year.
Its total income during the quarter under review rose to ₹554 crore from ₹435 crore in the corresponding period of the last year.
During the quarter, the company earned an interest income of ₹472 crore compared to ₹405 crore a year ago.
Its total expenses during the period under review grew to ₹259 crore from ₹198 crore.
"The affirmation of RIL's Baa2 ratings reflects the company's core credit strengths, including its large-scale operations and leading market positions across oil-to-chemicals, upstream oil and gas, digital services, and organised retail," said Kaustubh Chaubal, Senior Vice President at Moody's Ratings.
Moody's said RIL's strong financial metrics, solid liquidity, and prudent financial policies underpin its resilience, despite high capital spending.
In October last year, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses.
According to its latest investor presentation, DLF Ltd has achieved sales bookings worth ₹15,818 crore till the September quarter in this sought-after housing project.
The company expects to continue the momentum in H2 with a higher EBITDA (earnings before interest, taxes, depreciation, and amortisation), as input costs remain benign, Vats said in a post-earnings virtual media roundtable.
"We see momentum to continue. Therefore, the underlying double-digit volume growth that we delivered in the first half, we want to continue with that momentum into the second half," said Vats while replying to a query from PTI.
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