Stocks to Watch, October 15: HDB Financial Services, TechM, Axis Bank, L&T Finance, LG Electronics, Persistent Systems, IRFC

The post-tax profit is lower than the ₹1,250 crore it had posted in the year-ago period and marginally higher than the ₹1,141 crore it reported in the preceding June quarter.

Its revenue grew to ₹13,995 crore from ₹13,313 crore logged a year ago and ₹13,351 crore in the quarter-ago period, as per an exchange filing.

Its managing director and chief executive, Mohit Joshi, said the Americas saw an over 2 per cent decline in revenues during the quarter, mainly due to macroeconomic issues. From a sectoral perspective, its key vertical of communication witnessed a 2.5% decline.

The board also declared an interim dividend of ₹15 per share.

The firm clocked a profit of ₹471.47 crore in the September quarter of FY26, compared to ₹424.90 crore in the previous quarter, it said in a regulatory filing.

The technology company’s revenue from operations soared 7.4% QoQ to ₹3,580.72 crore during the quarter under review, as against 3,333.59 crore in the first quarter of FY26.

At an operational level, Persistent Systems’ EBIT (earnings before interest and tax), also known as operating profit, stood at ₹583 crore in Q2 of FY26, marking a 12.6% QoQ jump from ₹517.8 crore in the June quarter of FY26.

While the revenue growth stood at 13% sequentially. The revenue growth was largely driven by its domestic testing service, which grew by 24% YoY to ₹201 crore. The imaging service revenue stood unchanged at ₹14 crore.

Bank of Maharashtra’s provisions for non-performing assets (NPA) came down by 2.5% to ₹583 crore from ₹598 crore in the year-ago period.

Ola Electric Chairman and Managing Director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company's entry into the segment.

In a tweet, Aggarwal stated that power in India is transitioning "from utility to deep tech – intelligent, portable, and personal", signalling a potential shift beyond the company's core electric vehicle business.

Industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola's existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory, the PTI report said.

The share of the company's entry-level cars in the overall sales has also gone up in the last month, aided by price cuts owing to GST rate rationalisation with effect from September 22.

"We have received over 4 lakh bookings in the last four weeks, meaning 1 lakh bookings each week, which is the all-time highest for us," Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Partho Banerjee told PTI in an interaction.

The company has sold 2.5 lakh units in the period under review, Banerjee added.

With this, KFin Technologies has become the sole promoter of Ascent, a fast-growing global fund administrator.

Ascent posted revenues of $17.5 million for the financial year ending July 31, 2025, with assets under administration of $26 billion. It has clients across 18 geographies, serving over 640 global alternative investment funds.

This acquisition marks KFin Technologies' expansion into the growing global fund administration industry.

With this closing, KFin Technologies' global assets under administration (AUA) grew to about $340 billion in aggregate, as of September 2025.

The stay is conditional on the deposit of 50% of the penalty amount, the company said.

In its statement, Man Industries said, "On October 10, 2025, SAT granted a stay on the entire SEBI order dated September 29, 2025, which was passed against the company and three other noticees."

On September 29, SEBI barred Man Industries and its three senior executives from accessing the securities markets for two years and imposed a fine of ₹25 lakh on each of them for alleged financial misstatement.