Stocks to watch, Oct 28: Vedanta, Jio Platforms, RIL, L&T, Piramal Pharma, Maruti, Max Financial Services

The domestic stock market is expected to open lower on Wednesday, October 28. The GIFT NIFTY futures indicate that the NIFTY50 index will open 230 points lower.

The list includes names such as Hindustan Unilever (HUL), Adani Ports and Special Economic Zone, Adani Enterprises, TVS Motor Company, Hyundai Motor India, Pidilite Industries, Hero MotoCorp, GMR Airports, Vedanta, and United Spirits, among others.

Meanwhile, parent Reliance Industries will also be in focus ahead of its September quarter (Q2 FY27) results, scheduled for Friday, October 30. Investors will track the Jio listing for potential cues on sentiment towards RIL, which remains a key stakeholder in the digital services business.

The company had posted a consolidated net profit of ₹3,926.09 crore in the year-ago period.

L&T achieved consolidated revenue of ₹78,750 crore for the reporting quarter, up 16% year-on-year, driven by accelerated progress across its businesses, the company said in a statement.

The company secured orders worth ₹1,47,665 crore, registering a year-on-year growth of 28% for the quarter.

During the quarter, significant order wins were achieved across multiple businesses such as hydrocarbons – offshore and onshore, carbonLite solutions, public spaces and airports, and power transmission and distribution businesses.

International orders stood at ₹92,375 crore, contributing 63% to the total order inflow.

The pharma company had posted a loss of ₹99.22 crore in the year-ago period, the company said in a regulatory filing on Tuesday evening.

Revenue from operations rose to ₹2,617.06 crore in the second quarter of the ongoing fiscal year, up from ₹2,043.72 crore in the year-ago period, the Mumbai-based firm said.

Its total expenses, too, grew to ₹2,589.10 crore in the September quarter from ₹2,170.29 crore in the corresponding period of the previous year.

The B2B e-commerce company had posted a net profit of ₹82.64 crore during the July-September period a year ago, according to a regulatory filing.

Its revenue from operations rose 9.6% YoY to ₹428.64 crore in the September quarter of FY27, compared to ₹391.04 crore in the corresponding period a year ago.

Indiamart’s total expenses stood 2.64% higher at ₹276.27 crore in the September quarter.

Total income was up 4.95% at ₹421 crore in the second quarter of the current fiscal.

"Subject to the capacity expansion, which is planned from January onwards, we are very much confident that we will be able to grow over last year's H2 numbers. We will aim for a double-digit number," the company told reporters after announcing the second quarter results.

In April-September, Maruti Suzuki saw its domestic dispatches jump 31.6% to 11.46 lakh vehicles. The growth comes on a low base in the year-ago period, especially during August and September last year.

The company had posted consolidated profit of ₹43.8 crore in the year-ago period.

Total income dropped to ₹334.4 crore in the second quarter of FY27, compared to ₹393.6 crore in the same period of the previous fiscal, the company said in an exchange filing.

Commenting on the results, Aman Kirloskar, Managing Director of the company, said, “Our performance during the first half reflects the immediate headwinds of an increasingly volatile global landscape."

"Geopolitical tensions and shipping disruptions directly impacted the timing of our export clearances and dispatches, leading to temporary delays in certain consignments and deferred order finalisations. While these external uncertainties have moderated our near-term revenue and profitability, our core operational foundation remains resilient," Kirloskar added.

The company's revenue from operations stood at ₹2,772 crore in the year-ago period. Net profit was ₹164 crore in the July-September quarter of the previous fiscal.

EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 13% to ₹358 crore in the second quarter of FY27, compared with ₹316 crore a year earlier.

However, profitability margins contracted during the quarter. EBITDA margin declined to 11% from 11.4% a year ago, while net profit margin fell to 5.5% from 5.9%.

The Dutch multinational brewing company Heineken NV-controlled firm had posted a net profit of ₹46.34 crore in the July-September period a year ago, according to a regulatory filing.

UBL's revenue from operations increased 23.7% year-on-year to ₹4,623 crore in the September quarter of FY27, compared to ₹3,737.31 crore in the corresponding period a year ago.

“Net Sales grew 24%, driven by strong volume growth, structural price increases, premiumisation, favourable geographic mix and improvement in the company's operating mix,” said UBL in its earnings statement.

The company’s EBITDA grew 108% in the quarter under review, while the EBITDA margin improved by 480 basis points, driven by better operating efficiency and cost control, the exchange filing said.

The PSU reported a net profit of ₹418.72 crore in the year-ago quarter, the company said in an exchange filing.

The company's revenue from operations rose to ₹31,997.55 crore in Q2 FY27 from ₹26,704.17 crore in the year-ago quarter.

Total expenses during the second quarter rose to ₹29,913.65 crore from ₹26,113.64 crore in the same period a year ago.

SAIL, under the Ministry of Steel, is India's largest public sector steel-making entity, having an annual capacity of over 20 million tonnes.

"However, the requirement is more than this...I think by fourth quarter, which is the January-March quarter, is when we hope to de-bottleneck and reach something like 80,000 units. That will be closer to what our current requirement is," Sharma said.

The company said the year-ago quarter had a write-back of ₹195 crore in provision for doubtful receivables, aided by collections against past overdue.

Its consolidated revenue rose 4% to ₹8,516 crore, and EBITDA edged up 0.4% to ₹4,633 crore.

The EBITDA margin was 54.4%.

Return ratios declined, with pre-tax return on equity slipping to 25.3% from 38.4% a year earlier, and post-tax return on equity to 18.8% from 29%.

Return on capital employed also dropped to 19.1% from 26.3%.

The company's tower base rose 5.6% to 2,70,480, and its co-location base grew 5.9% to 4,40,153.

Tenancy ratio improved to 1.63.

The company had reported a net profit of ₹75.36 crore for the July-September period a year ago, according to a regulatory filing.

Revenue from operations of the company increased 33.11% year-on-year to ₹1,912.15 crore in Q2 FY27, compared to ₹1,436.43 crore in the corresponding quarter a year ago.

Total expenses of the company stood at ₹1,848.6 crore, up 37% YoY, in the quarter under review.

JSW Cement's total income stood 32.13% higher at ₹1,929.30 crore in the September quarter.

The JSW Group firm reported a 26% increase in total sales volume to 3.93 million tonnes (MT) in Q2 FY27, against 3.11 MT in the corresponding quarter of FY26.

Its net profit stood at ₹60.18 crore in the year-ago period.

The total income rose to ₹757.49 crore in the second quarter of this fiscal year from ₹705.79 crore in the corresponding period of the preceding year, according to a regulatory filing.

Mumbai-based Raymond Realty is one of the leading real estate developers in the country.

Its total income rose to ₹11,605 crore for the July-September quarter of FY27 from ₹9,799 crore in the second quarter of FY26.

In a statement, Max Financial Services said it has recorded consolidated revenue, excluding investment income, at ₹17,484 crore that grew by 16% year-on-year in H1 FY27.

The consolidated revenue, including investment income, rose 17% to ₹26,582 crore, while consolidated PAT stood at ₹219 crore in H1 FY27, up by 137%.

Axis Max Life also delivered robust renewal performance, with renewal premium growing 18% year-on-year to ₹11,247 crore in H1 FY27.

Consequently, gross written premium increased 17% to ₹18,066 crore, reflecting the strength of the company's franchise and customer engagement.

"Post February, you saw a 3x jump in bookings, at least for us...it is a matter of, I would say, 2-3 months that we will be able to ramp up the supply side to the extent of what the demand is," Chandra said while speaking at India EV Conclave organised by Autocar Professional on Tuesday.

He noted that the company had planned production and component supplies based on forecasts made 18-24 months ago, but the sudden surge in the demand for electric vehicles, with uncertainty over fuel prices following the Middle East crisis and new model launches, disrupted those production plans.