Larsen & Toubro

Profit grows 5% to Rs 3,395 crore Vs Rs 3,223 crore. Revenue jumps 21% to Rs 61,555 crore Vs Rs 51,024 crore. EBITDA increases 13% to Rs 6,362 crore Vs Rs 5,632 crore. Margin drops 70 bps to 10.3% Vs 11%. Order inflow declines to Rs 80,045 crore Vs Rs 89,153 crore

Tata Power Company Q2 (Consolidated YoY)

Profit increases 5.8% to Rs 926.5 crore Vs Rs 875.5 crore. Revenue falls 0.3% to Rs 15,697.7 crore Vs Rs 15,738 crore. EBITDA jumps 21.1% to Rs 3,745 crore Vs Rs 3,091 crore. Margin expands 430 bps to 23.9% Vs 19.6%

Biocon Q2 (Consolidated YoY)

Profit plunges 84.3% to Rs 27.1 crore Vs Rs 172.7 crore. Revenue grows 3.7% to Rs 3,590.4 crore Vs Rs 3,462.3 crore. EBITDA falls 7.6% to Rs 685.4 crore Vs Rs 741.6 crore. Margin drops 230 bps to 19.1% Vs 21.4%. Other income declines to Rs 32.5 crore Vs Rs 157.9 crore. Biocon Biologics' drug substance facility in Bengaluru classified as Voluntary Action Indicated by USFDA

IRB Infrastructure Developers Q2 (Consolidated YoY)

Profit rises 4.3% to Rs 99.9 crore Vs Rs 95.7 crore. Revenue declines 9.1% to Rs 1,585.8 crore Vs Rs 1,745 crore. EBITDA dips 3.5% to Rs 766.7 crore Vs Rs 794.6 crore. Margin expands 280 bps to 48.3% Vs 45.5%. Other income jumps to Rs 165.8 crore Vs Rs 129.5 crore.

DCM Shriram Q2 (Consolidated YoY)

Profit surges 95.2% to Rs 62.9 crore Vs Rs 32.2 crore. Revenue grows 10.8% to Rs 3,130 crore Vs Rs 2,825.4 crore. EBITDA jumps 58.8% to Rs 181.2 crore Vs Rs 114.1 crore. Margin expands to 5.8% Vs 4%. Company to invest Rs 60 crore for upto 28% stake in one or more special purpose vehicle(s) for setting up a wind solar hybrid renewable power project

Automotive Axles Q2 (YoY)

Profit falls 20.2% to Rs 36 crore Vs Rs 45.1 crore. Revenue declines 15.4% to Rs 494.7 crore Vs Rs 584.4 crore. EBITDA drops 22.6% to Rs 51.1 crore Vs Rs 66 crore. Margin slips 100 bps to 10.3% Vs 11.3%

Wipro

The technology services and consulting company announced a strategic collaboration with Microsoft and SAP to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud.

Adani Power

Adani Power has signed a power supply agreement for the supply of 1,496 MW (net) for 25 years with the Maharashtra State Electricity Distribution Company.

Yatharth Hospital and Trauma Care Services

The private super specialty hospital has entered into a strategic collaboration agreement for the acquisition of a 60% stake in a 400-bedded hospital in Faridabad, Haryana. Under the terms of the agreement, Yatharth Hospitals will acquire a 60% stake in MGS Infotech Research & Solutions for Rs 91.20 crore.

Allcargo Gati

Anish T Mathew has resigned as Chief Financial Officer of the company due to personal reasons, effective October 30.

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