L&T , The engineering and construction group reported 5.4% year-on-year (YoY) rise in net profit at ₹3,395.3 crore for the second quarter ended September 30, 2024. In the same quarter of the last financial year, Larsen & Toubro had posted a. Net profit of ₹3,223 crore, the company said in a regulatory filing. A CNBC-TV18 poll had predicted a profit of ₹3,200 crore for the quarter under review. The company's revenue from operations rose 20.6% to ₹61,554.6 crore, from ₹51,024 crore in the year-ago period.
Tata Power , The company reported a 5.8% year-on-year rise in net profit at ₹926.5 crore for the second quarter ended September 30, 2024. In the last quarter, Tata Power Company had posted a net profit of ₹875.5 crore. the company said in a regulatory filing. Revenue from operations declined 0.3% to ₹15,697.7 crore as against ₹15,738 crore in the corresponding period last fiscal. At the operating level, EBITDA rose 21.2% to ₹3,745 crore in the second quarter of this fiscal year from ₹3,091 crore in the year-ago period.
biocon , The company reported an 84.2% year-on-year (YoY) decline in net profit at ₹27.1 crore for the second quarter ended September 30, 2024. In the same quarter last fiscal, Biocon had posted a net profit of ₹172 crore. , the company said in a regulatory filing. A CNBC-TV18 poll had predicted a profit of ₹54.7 crore for the quarter under review. The company's revenue from operations increased by 3.7% to ₹3,590.4 crore as against ₹3,462 crore in Q2FY24.
DCM Shriram , The diversified agro products firm reported a 95.7% year-on-year (YoY) rise in net profit at ₹63 crore in the second quarter ended September 30, 2024. In the same quarter of the previous financial year, DCM Shriram had posted a net profit. Of ₹32.2 crore. Revenue from operations increased 10.8% to ₹3,130.1 crore as against ₹2,825.4 crore in the year-ago period. At the operational level, EBITDA increased by 58.8% to ₹181.2 crore in Q2FY14 from ₹114.1 crore in Q2FY20.
IRB Infrastructure , The company reported 4% rise in consolidated net profit to ₹99.86 crore for the September quarter FY25. The company had posted a net profit of ₹95.74 crore in the year-ago period, a regulatory filing said. Total income during the second quarter of the current financial year declined to ₹1,751.16 crore from ₹1,874.50 crore a year ago. The company said its toll collection grew 25% in Q2FY25 (including projects under private InvIT).
Wipro , IT services company Wipro Ltd on Wednesday (October 30) announced a strategic collaboration with Microsoft and SAP to accelerate RISE with SAP migration to Microsoft Cloud at almost zero cost to customers. The partnership enables customers to leverage SAP's enterprise resource planning capabilities on Microsoft's cloud infrastructure, with Wipro providing best practices, strategic guidance and a roadmap for transition.
P&G Sanitation , The company reported a marginal 0.57% rise in profit after tax at ₹211.90 crore for the first quarter ended September 2024. The company, which follows the July-June financial year, had reported a profit after tax of ₹210.69 crore in the same quarter. Of the previous financial year. Procter & Gamble Hygiene & Health Care Ltd. (PGHH) saw its revenue from operations decline marginally by 0.28% to ₹1,135.16 crore during the quarter under review. A year ago it was ₹1,138.35 crore.
Yatharth Hospital , The company said its board has approved the acquisition of 60% equity stake in MGS Infotech Research & Solutions Pvt Ltd for ₹91.2 crore, implying an enterprise value of ₹152 crore. MGS Infotech has a 400-bed hospital project located in Faridabad, Haryana, which is expected to be operational within 6 to 10 months after its acquisition. This strategic purchase aims to expand Yathar Hospital's presence in the Delhi-NCR region, further strengthening its regional footprint.