Axis Bank’s profit slipped 26% on one-time provisions, while HDFC Life and HDB Financial posted modest earnings growth. KEI Industries delivered strong revenue-led profit gains, and Hero MotoCorp expanded its global footprint with a debut in Spain. Here are few stocks to watch ahead of Thursday’s trading session.
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1 / 6Axis Bank Ltd | The bank reported a 26% year-on-year drop in net profit to ₹5,090 crore for the September quarter, weighed down by a one-time ₹1,231 crore provision for discontinued crop loan variants, following an RBI advisory. The lender’s Net Interest Income (NII) rose 1.9% year-on-year to ₹13,744 crore, slightly above estimates. Asset quality remained steady, with Gross NPA improving to 1.46% from 1.57% in the June quarter and Net NPA at 0.44%.
2 / 6HDFC Life | The company reported a 3.2% year-on-year rise in Q2FY26 profit at ₹449 crore, while net premium income grew 13% to ₹18,871 crore. Sequentially, profit declined 18% from the previous quarter. For H1FY26, PAT stood at ₹994 crore, up 9% year-on-year, with total APE rising 10% to ₹7,413 crore.
3 / 6HDB Financial Services | The company reported a 1.6% year-on-year decline in Q2FY26 net profit to ₹581 crore, even as NII rose 19.7% to ₹2,193 crore and total income grew 18.4% to ₹2,851 crore. Pre-provisioning operating profit increased 24.4% to ₹1,530 crore.
4 / 6KEI Industries | The company reported a 31.3% year-on-year rise in Q2FY26 net profit to ₹204 crore, driven by strong revenue growth, though EBITDA missed estimates. Revenue rose 19.4% to ₹2,726 crore, while EBITDA increased 20% to ₹269.1 crore, below the ₹283 crore forecast.
5 / 6Hero MotoCorp | The automaker firm announced its entry into the Spanish market through a partnership with Noria Motos, part of the ONEX Group, marking its 50th international foray and strengthening its European footprint after Italy. The company will initially sell Euro 5+ compliant motorcycles via 30 outlets, expanding to over 50 by 2026.
6 / 6JK Cement Ltd | The NCLT Allahabad Bench has approved the merger of Toshali Cements Pvt Ltd with JK Cement Ltd, effective January 1, 2024, transferring all assets, liabilities, and employees to the parent company. Toshali Cements will be dissolved, as sanctioned under Sections 230-232 of the Companies Act, 2013.
