NIFTY AUTO (NIFTY AUTO)
indexActive threads
M&M profit rises 25% as SUVs power growth, tractors lose steam
Mahindra & Mahindra’s consolidated net profit attributable to shareholders rose 24.9 per cent to ₹4,588 crore in the second quarter of FY27, up from ₹3,673 crore a year earlier, as a 55 per cent surge in automobile earnings offset weaker farm profitability.
Minda Corp targets ₹300-400 crore sunroof revenue by FY30
Ajay Agarwal, Group CFO and President - Finance & Strategy at Minda Corporation, said the company is targeting revenue of ₹17,500 crore by 2030, implying a compound annual growth rate (CAGR) of around 22-23%. Noida-based auto component manufacturer Minda Corporation expects its sunroof business to generate annual revenue of ₹300-400 crore from FY29-30 onwards, as it looks to scale up its presence in newer product segments.
Reliance Surges Most Since 2020, Lifting Sensex 1,233 Points
The BSE Sensex closed at 75,692.78, up 1,233.25 points or 1.66%, while the Nifty 50 settled at 23,440.80, gaining 387.70 points or 1.68%, as Reliance Industries posted its strongest single-day gain since April 2020. The rally was driven by better-than-expected second-quarter earnings, improving domestic economic indicators, foreign investors turning buyers, and crude oil's retreat from a six-month high. The Nifty Oil & Gas index surged nearly 6% and the Nifty Metal index rose more than 3%, with Tata Steel, JSW Steel and Shriram Finance among the top gainers and the Nifty Smallcap 250 up 1.35%.
TVS Motor Q2 consolidated net profit jumps 47% to ₹1,219 crore
TVS Motor Company, part of TVS VENU, reported a 47 per cent increase in consolidated net profit for the second quarter ended September 30, 2026 to ₹1,219 crore as against ₹832 crore in the same quarter last year. Revenue was up 39 per cent to ₹19,474 crore (₹14,051 crore). The improved performance comes from the third-largest two-wheeler maker (by volume) recording its highest-ever quarterly sale across all the categories in Q2.
Sona BLW shares jump 10% as Q2 profit rises 29%
Sona BLW reported record Q2 earnings with profit up 29% and revenue up 35%, sending shares up as much as 10% to a new high. Management expects BEV revenue share to climb toward 80% long term and is expanding into robotics and physical AI, though analysts see limited further upside.
Intelligence feed· 1 article in 1440m
M&M profit rises 25% as SUVs power growth, tractors lose steam
Story first reported.