JioStar profit fell by 13.2% to 1147 crore rupees, while revenue grew by 9.8%

The media and entertainment platform JioStar reported a 13.2% decrease in Profit After Tax (PAT), amounting to 1147 crore rupees in the September quarter of fiscal year 27. This occurred despite an increase in subscription and digital advertising revenues, with gross revenue rising by 9.8% to reach 7944 crore rupees.

In the corresponding quarter of the previous fiscal year, JioStar reported a PAT of 1322 crore rupees and gross revenue of 7232 crore rupees. According to the earnings report of Reliance Industries Ltd., operating revenue grew by 10.1% year-on-year, reaching 6806 crore rupees.

The company noted that the revenue growth was driven by 'strong growth in subscription revenues and digital entertainment advertising income.' JioStar is a joint venture established after the merger of Reliance Industries' media businesses and the Indian division of the global media and entertainment company Walt Disney.

User Growth and Rebranding

The streaming platform JioHotstar demonstrated a Monthly Active Users (MAUs) count of '440 million during the quarter, representing a 10% year-on-year growth.' During this period, JioHotstar was relaunched and renamed in the international markets of Singapore, the UK, and Canada. The company added that the number of active subscribers in these markets increased by 30% since the launch.

In the September quarter, viewing of entertainment content on JioHotstar exceeded growth by 15%, supported by high figures in both Hindi and regional markets.

Sports Achievements and Monetization

JioStar emphasized that its sports portfolio remained a key element in the September quarter. Major events included international cricket series between England and India, the Wimbledon tournament, the US Open, and the ongoing Premier League season. The England-India series provided high digital viewership, becoming the largest bilateral overseas series on JioHotstar, according to the company.

The Wimbledon 2026, US Open 2026, and initial phase of the Premier League 2026-27 tournaments showed stable viewership alongside enhanced monetization, strengthening JioStar's position in major international sporting events beyond cricket. Furthermore, the company expanded e-commerce integrations beyond cricket, including Wimbledon, US Open, and the Premier League, thereby extending its sports-based monetization strategy across various products.

It was also noted that the company's linear television continues to dominate the market due to the launch of new programs on the Hindi spectrum and JioStar's regional channels.

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business-standard.comOctober 27, 13:46

Maruti Suzuki India's net profit fell by 26.36% in the second quarter of fiscal year 2027

Automotive market leader, Maruti Suzuki India Ltd, reported on Tuesday a 26.36% decline in its consolidated net profit for the second quarter ending in September. The profit amounted to 2,466.1 crore rupees. This decrease occurred despite revenue growth, which was driven by record car sales volumes during the quarter; however, it was caused by increased raw material costs linked to the Middle East conflict.

According to regulatory filings, the company recorded a net profit of 3,349 crore rupees in the same quarter of the previous fiscal year. For the period from July to September, total operating revenue increased to 53,355.5 crore rupees compared to 42,344.2 crore rupees in the same period of the 2025-26 fiscal year, as stated in the company's reports.

Total expenses for July-September also rose to 50,619 crore rupees compared to 39,018.4 crore rupees a year earlier. Furthermore, the cost of materials consumed in the second quarter grew to 37,488.5 crore rupees from 25,324.2 crore rupees in the corresponding period of the last fiscal year.

Financial Performance Details

In its statement, Maruti Suzuki India specified that the operating profit (EBIT) for this quarter reached 2,803.7 crore rupees, whereas it was 3,382 crore rupees in Q2 FY25-26. This reduction is attributed to rising raw material prices due to the Middle East conflict. Nevertheless, compared to Q1 FY26-27, there was a consistent growth of 10.8%. However, non-operating income sharply decreased in the second quarter due to losses from investment surplus valuation.

The company announced achieving an all-time high quarterly sales volume of 696,654 units, representing a 26.5% increase compared to the same period last year. The company's growth in the domestic passenger vehicle market was extensive: small car sales increased by 35.9%, and SUV sales increased by 68.2%. Newly launched company SUVs received a strong market response, contributing to such sustained growth.

Maruti Suzuki India reported that its domestic market share increased by 2.2 percentage points, reaching 40.8%. The company noted that the recent increase in production capacity allowed it to meet high demand. Despite the expansion of production capabilities, demand continued to outstrip supply, leading to a low network inventory of about 17 days and pending bookings of approximately 200,000 units by the end of the quarter.

In export markets, despite the complex geopolitical situation, the company managed to ship 108,119 units in Q2 FY 2026-27, compared to 110,487 units in Q2 FY25-26.

business-standard.comOctober 23, 11:10

Godrej Properties' net profit in Q2FY27 decreased by 62% to 154 crore rupees

Godrej Properties announced on Friday a 62 percent decrease in its consolidated net profit, amounting to 154.15 crore rupees for the quarter ending in September. This decline was due to increased expenses.

In the comparable period last year, the company's net profit was 405.08 crore rupees. According to regulatory filings, total revenue in the second quarter of the current fiscal year reached 2,571.73 crore rupees, compared to 1,950.05 crore rupees in the same period last year.

Godrej Properties is one of the leading real estate development companies in the country.