Stocks to Watch for October 29: Jio Platforms, JSW Energy, United Spirits, PNB Housing Fin and more

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JSW Energy | The firm reported a 49.8% year-on-year increase in consolidated net profit to ₹1,056.4 crore for the second quarter of FY27, beating the CNBC-TV18 poll estimate of ₹689 crore. Revenue from operations rose 23% to ₹6,368.5 crore from ₹5,177 crore in the year-ago quarter, exceeding the poll estimate of ₹5,630 crore. EBITDA increased 20.7% to ₹3,617.6 crore from ₹2,998 crore a year earlier, beating the estimate of ₹3,168 crore. JSW Energy added 813 MW of capacity in the September quarter, including 513 MW of renewable energy capacity through organic additions.
United Spirits | Diageo-controlled liquor maker reported a 2.1% year-on-year decline in net profit to ₹462 crore for the September quarter, compared with ₹472 crore in the year-ago period. The profit figure was below the CNBC-TV18 poll estimate of ₹471 crore. Revenue rose 2.8% to ₹3,258 crore from ₹3,170 crore a year earlier, but fell short of the CNBC-TV18 poll estimate of ₹3,348 crore. EBITDA declined 4.3% year-on-year to ₹643 crore from ₹672 crore.
TVS Holdings Ltd | Chennai-based firm reported a 43.3% year-on-year increase in net profit to ₹635 crore for the September quarter, compared with ₹443 crore in the year-ago period. Revenue rose 38.7% to ₹20,183 crore from ₹14,549 crore a year earlier. EBITDA increased 34.5% to ₹3,058 crore from ₹2,273 crore. The EBITDA margin stood at 15.2% in the September quarter, compared with 15.6% in the corresponding quarter last year.
Meesho | E-commerce platform reported a 23% year-on-year rise in Net Merchandise Value (NMV) to ₹12,911 crore for the quarter ended September. Net losses for the quarter narrowed by approximately 68% year-on-year to ₹132 crore, down from ₹411 crore in the same quarter last year. The company generated ₹345 crore in quarterly free cash flow, a reversal from an outflow of ₹226 crore in the preceding quarter, which it attributed to seasonal working capital benefits. Meesho held a cash balance of ₹7,048 crore as of September 30, 2026.
Bandhan Bank | The bank reported a 23.9% quarter-on-quarter increase in net profit to ₹622 crore for the September quarter of FY27, compared with ₹502 crore in the previous quarter. Net interest income (NII) rose 1.3% sequentially to ₹2,960.4 crore from ₹2,921 crore. Asset quality improved marginally during the quarter. Gross non-performing assets (NPA) stood at 3.11% as of September 30, 2026, compared with 3.15% in the previous quarter. Net NPA eased to 0.92% from 0.93%.
Force Motors | The firm reported a 16.2% year-on-year decline in net profit to ₹294 crore for the second quarter of FY27, compared with ₹351 crore in the year-ago period. Revenue from operations rose 40.6% to ₹2,925 crore from ₹2,081 crore a year earlier. EBITDA increased 19.9% year-on-year to ₹434 crore from ₹362 crore. EBITDA margin contracted 260 basis points to 14.8% in Q2 FY27 from 17.4% in the corresponding quarter last year.
Jio Platforms | Shares of Jio Platforms will remain in focus a day after their stock market debut, with investors tracking the stock’s post-listing performance following a listing premium of over 21%.
Gulf Oil Lubricants India Ltd | Hinduja Group company reported a 37.4% year-on-year rise in net profit to ₹115.4 crore for the September quarter, compared with ₹84 crore in the year-ago period. Revenue increased 45.9% to ₹1,409 crore from ₹966 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 40.2% to ₹164 crore from ₹117 crore. The EBITDA margin stood at 11.6% in the September quarter, compared with 12.1% in the corresponding quarter last year.
Fortis Healthcare | The firm has acquired Suguna Hospital in Bengaluru for approximately ₹277 crore in an all-cash deal, the company said on Wednesday. The acquisition was carried out through Fortis’ wholly-owned subsidiary, International Hospital Limited, by way of a slump sale. The transaction, completed on October 28, includes the hospital’s business operations, land and building.
Pidilite Industries | Net profit rose to ₹626.4 crore in Q2 FY27 from ₹584.6 crore a year earlier. Revenue increased 20.9% to ₹4,298 crore from ₹3,554 crore, surpassing the CNBC-TV18 poll estimate of ₹4,245 crore. Net sales for the quarter stood at ₹4,285 crore, up 21.1% year-on-year, according to the company's business update.
PNB Housing Finance| The firm reported a 33% year-on-year increase in net profit for the September quarter. Net profit rose to ₹627 crore in Q2 FY27 from ₹472 crore in the corresponding quarter last year. Net interest income (NII) increased 16.3% to ₹861.2 crore from ₹740.6 crore. Total disbursements rose 60% year-on-year to ₹9,609 crore in Q2 FY27. Retail disbursements reached a record ₹9,250 crore, up 54% from a year earlier and 59% sequentially. Corporate disbursements stood at ₹360 crore.
GMR Airports Limited | GAL reported a profit after tax of ₹65.4 crore in Q2FY27, compared with ₹35.1 crore in the corresponding quarter last year. Revenue from operations rose 11.6% to ₹4,095.4 crore from ₹3,670 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹1,568.6 crore from ₹1,531.4 crore, while the EBITDA margin narrowed to 49% from 53% a year earlier.

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