Indian corporate sector reports diverse Q2 FY27 financial results

Several major companies in India and the surrounding region reported significant financial shifts for the second quarter of fiscal year 2027.

In the automotive and energy sectors, Tesla India reported its first year of profitability with a net profit of ₹5.16 crore on revenue of ₹247.31 crore, driven by Model Y sales. Ather Energy also achieved its first profitable quarter, reporting a consolidated net profit of ₹1.3 crore. Meanwhile, REC Ltd, a power sector financier, saw its loan book grow to ₹6.17 trillion, supported by a 27% year-on-year expansion in its renewable energy portfolio.

In the hospitality and consumer sectors, ITC Hotels reported a 52% rise in net profit to ₹202.65 crore and announced plans to incorporate a wholly owned subsidiary in Dubai. Tata Consumer Products saw a 16% rise in net profit to ₹470 crore, bolstered by growth in new brands like Tata Sampann. WeWork India also reported a 67.4% increase in profit after tax, reaching ₹65.8 crore, alongside significant capacity expansion.

Other notable movements include Grameenphone in Bangladesh returning to quarterly revenue growth, and Apollo Micro Systems reporting a record high order book of ₹1,765 crore.