KEI Industries Q2 Results: Net profit rises 31% YoY; revenue, EBITDA miss forecast

Shares of KEI Industries were up 1.4% ahead of the earnings release. The stock has gained more than 62% in the last six months.

Shares of KEI Industries were up 1.4% ahead of the earnings release. The stock has gained more than 62% in the last six months.

Net premium income (NPI) rose 13.5% to ₹18,871 crore in Q2FY26 from ₹16,614 crore in Q2FY25.

Shares of Heritage Foods ended largely unchanged at a price of ₹485.25 apiece ahead of the results. The stock has gained over 16% in the last six months.

It is the first energy transition fund run by a domestic fund manager in the nation. The announcement was made on Tuesday, October 15, in New Delhi by EIB Vice-President Nicola Beer and Subahoo Chordia, CEO of EAAA Alternatives.

HDFC Asset Management Company reported a 25% year-on-year rise in Q2 profit to ₹718 crore, supported by higher revenue. The board also approved a 1:1 bonus share issue.

The Nifty 50 index surpassed its recent peak to close just shy of the 25,325 mark, while the Sensex advanced more than 575 points, supported by gains in financials, FMCG, and realty stocks.

Gross slippages during the quarter stood at ₹5,696 crore, down from the ₹8,200 crore seen in June, but higher than the ₹4,443 crore reported in the same quarter last year. Recoveries and upgrades from NPAs stood at ₹2,887 crore. Axis…

The total number of active clients fell 1.92% month-on-month to 45.31 million in September, down from 46.19 million in August.

IRFC has announced an interim dividend of ₹1.5 per share of face value of ₹10 each. Record date for the said dividend has been fixed as October 24.

Gopal Balachandran, CFO of ICICI Lombard General Insurance Company, explained that a price hike in motor insurance is justified. He noted that the third-party segment, in particular, has not seen any significant price revision over the past three to four…