Earnings
September quarter results scorecard, FY 2026-27
Private banks grew profits but saw margins shrink. IT hiring picked up while Infosys cut its outlook. Airtel and HUL posted strong growth, and Sun Pharma's profit fell.
Updated November 8, 2026
Banks
September quarter results, year on year
| Bank | Profit, ₹ cr | Change | Interest income |
|---|---|---|---|
| SBI | 23,038 | +14.3% | +15% |
| HDFC Bank | 19,510 | +4.7% | +9.7% |
| ICICI Bank | 14,843 | +20.1% | +17.7% |
| Axis Bank | 7,003 | +38% | +11.8% |
| Kotak Bank | 4,212 | +29% | +16% |
Source: Company results, via Goodreturns, Upstox and Indian Masterminds
IT services
Net headcount change, July to September
Source: Company filings, via People Matters
Infosys, July to September
| Figure | |
|---|---|
| Revenue | $5,145 mn |
| Growth, constant currency | +1.5% |
| Large deals signed | $5.2 bn |
| Full-year outlook, old | 1.5% to 3% |
| Full-year outlook, new | 1% to 2% |
Source: Company results, via Staffing Industry Analysts
Telecom, consumer and pharma
Other large companies, year on year
| Company | Net profit, ₹ cr | Change | Revenue change |
|---|---|---|---|
| Bharti Airtel | 8,888 | +30.9% | +16.7% |
| Jio Platforms | 8,387 | +13.7% | +11.4% |
| Hindustan Unilever | 2,796 | flat | +14.8% |
| Sun Pharma | 1,989 | −36% | +12% |
Source: Company results, via PTI, Upstox, Business Today, Inc42
Average revenue per user, ₹ a month, Jul to Sep
Source: Company results
New-age companies
Shiprocket turned a ₹0.6 crore profit, Amagi's profit rose to ₹75 crore and Tonbo Imaging reported ₹23.5 crore in its first quarter as a listed company.