SBI, M&M, Adani Enterprises Q2 Results — Indigo Reports Wider Loss; Lenskart & Groww IPO in Focus
The Indian stock market remained active with multiple major companies announcing their Q2 FY25 results. From SBI’s record profit surge to IndiGo’s widening loss, here’s a quick wrap of the key business and IPO updates making headlines today.
🏦 SBI Q2 Net Profit Surges 10% YoY on Yes Bank Stake Sale
India’s largest lender, State Bank of India (SBI), reported a 10% year-on-year (YoY) rise in net profit to ₹20,160 crore in the July–September quarter.
The gain was driven by a one-time profit of ₹4,593.22 crore from the partial sale of its Yes Bank stake.
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Net Interest Income (NII): ₹42,985 crore (up 3.3% YoY)
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Gross NPA: 1.73% (down from 1.83% in June)
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Net NPA: 0.42% (down from 0.47%)
SBI’s strong quarterly numbers pushed its stock price up nearly 1% to ₹959.30, marking a 52-week high.
So far in 2025, SBI shares have gained over 20%, reinforcing its dominance in the banking sector.
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🚙 M&M Q2 Profit Jumps 18% YoY on Strong SUV & Tractor Sales
Automaker Mahindra & Mahindra (M&M) posted an 18% YoY rise in standalone net profit to ₹4,521 crore for the September quarter, driven by robust demand for its SUV and tractor segments.
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Revenue: ₹35,080 crore (up 21% YoY)
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Vehicle Sales: 2.61 lakh units (+13% YoY)
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Tractor Volumes: 1.22 lakh units (+32% YoY)
The festive season, solid rural demand, and favorable monsoon boosted tractor sales. M&M continues to maintain strong momentum in the SUV segment, led by models like Scorpio-N and XUV700.
✈️ IndiGo Q2 Net Loss Widens to ₹2,582 Crore
India’s largest airline, InterGlobe Aviation (IndiGo), reported a widening consolidated net loss of ₹2,582 crore in Q2 FY25, compared to ₹989 crore in the same period last year.
The loss was attributed to higher forex losses and a surge in operating costs, despite higher passenger volumes.
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Revenue: ₹18,555 crore (+9.3% YoY)
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Passenger Traffic: 2.88 crore (+3.6% YoY)
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Fleet Size: 417 aircraft
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Peak Daily Flights: 2,244 across 94 domestic & 41 international destinations
IndiGo continues to expand its international routes, but fuel and forex pressures remain major concerns for profitability.
🏗️ Adani Enterprises Q2 Net Profit Rises 84% on One-Time Gain
Adani Enterprises Ltd reported a massive 84% YoY jump in net profit to ₹3,199 crore, supported by a one-time gain of ₹3,583 crore from selling its stake in AWL Agri Business (Adani Wilmar).
However, revenue declined 6% YoY to ₹21,249 crore due to weakness in its coal trading business.
The company also announced plans to raise ₹25,000 crore through a rights issue, aimed at strengthening its balance sheet and funding growth.
Despite strong results, Adani Enterprises shares are down over 4% so far this year.
💸 Money Talk: Finance Tips You Can’t Miss
🧾 Can You Get a Tax Notice for Large Cash Deposits?
Yes, if you deposit ₹10 lakh or more in savings accounts (or ₹50 lakh+ in current accounts), it can trigger scrutiny by the Income Tax Department.
Deposits like ₹15 lakh are not illegal but must be properly explained with proof (salary, sale of asset, etc.) to avoid a notice.
👉 Always maintain transparent records and declare large deposits in your ITR.
🛡️ Tips to Avoid Insurance Claim Rejection
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Read the policy carefully before signing.
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Disclose all health conditions truthfully.
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Submit documents promptly after an incident.
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If rejected, ask for written reasons and contact the insurer’s grievance cell.
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If unresolved, escalate to the Insurance Ombudsman.
Transparency and timely follow-up can save you from unnecessary rejections.
💰 IPO Corner
👓 Lenskart IPO Sees Massive 28.26x Subscription
Lenskart Solutions IPO received an overwhelming response on its final day, with total subscription reaching 28.26 times.
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Retail quota: 7.54x
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Non-Institutional Investors (NII): 18.23x
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Qualified Institutional Buyers (QIB): 40.35x
The IPO is now closed and investors are eagerly awaiting allotment updates.
📈 Groww IPO Opens Strong with 57% Subscription on Day 1
Online investment platform Groww recorded 57% overall subscription on the first day of its IPO.
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Retail portion: Fully subscribed (1.9x)
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NII: 59% subscribed
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QIB: 10% subscribed
The response highlights strong investor interest in India’s fast-growing fintech sector.
🧩 Conclusion
The Q2 results reflect a mixed earnings season for India Inc. — with strong growth in banking and auto sectors, and challenges for aviation and energy companies.
Investors are closely watching IPO performance and fiscal policy cues ahead of the next market cycle.
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