# Indian corporate quarterly earnings reports

> Developing situation record from CLSTR: https://clstr.news/situations/indian-corporate-quarterly-earnings-reports
> Updated: 2026-10-28T08:36:39.000Z. Sources: 4. Developments: 2.

Major Indian corporations have reported divergent financial results for the 2026/27 fiscal period. ITC saw a 27.60 percent revenue increase to 295.23 billion INR, though its profit after tax declined to 45.09 billion INR.

Tech Mahindra reported strong growth, with revenue rising 15.60 percent year-on-year to 161.802 billion INR and profit after tax increasing by 32.70 percent. The company also secured new orders valued at 1.023 billion USD.

KPIT Technologies experienced a nearly 29 percent year-on-year decline in consolidated net profit, falling to approximately Rs 121 crore. The company attributed this to market pressure from major clients in Europe and Japan, though its shares rose 8 percent following positive management outlooks regarding operational efficiency and AI-led productivity.

## Timeline

### 2026-10-28: KPIT Technologies shares rise despite decline in Q2 net profit

KPIT Technologies shares rose 8% despite a 29% drop in Q2 net profit to Rs 121 crore, driven by client shifts in Europe and Japan, though revenue grew 6.5% and commercial vehicle segments rose.

2 sources. https://clstr.news/cluster/kpit-technologies-shares-rise-despite-decline-in-q2-net-profit

### 2026-10-22: Indian corporate earnings show mixed results for ITC and Tech Mahindra

ITC saw revenue grow by 27.60 percent despite lower profits, while Tech Mahindra reported a 32.70 percent rise in profit and strong new order inflows.

2 sources. https://clstr.news/cluster/indian-corporate-earnings-show-mixed-results-for-itc-and-tech-mahindra

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Cite as: Indian corporate quarterly earnings reports. CLSTR, https://clstr.news/situations/indian-corporate-quarterly-earnings-reports