Tata Motors

Profit falls 11.2% to Rs 3,343 crore Vs Rs 3,764 crore. Revenue declines 3.5% to Rs 1,01,450 crore Vs Rs 1,05,129 crore. EBITDA drops 11.7% to Rs 12,159 crore Vs Rs 13,769 crore. Margin dips 110 bps to 12% Vs 13.1%. Company remains cautious on near-term domestic demand. Company expects all-round improvement in performance in H2 FY25. Business to become net debt free by this year. JLR's full year guidance for revenue remains unchanged at 30 billion pound, EBIT margin at 8.5%

Asian Paints Q2 (Consolidated YoY)

Profit sinks 43.7% to Rs 694 crore Vs Rs 1,232.4 crore. Revenue slips 5.3% to Rs 8,027.5 crore Vs Rs 8,478.6 crore. EBITDA declines 27.8% to Rs 1,239.5 crore Vs Rs 1,716.2 crore. Margin drops 480 bps to 15.4% Vs 20.2%

Divis Laboratories Q2 (Consolidated YoY)

Profit zooms 46.6% to Rs 510 crore Vs Rs 348 crore. Revenue grows 22.5% to Rs 2,338 crore Vs Rs 1,909 crore. EBITDA jumps 49.8% to Rs 716 crore Vs Rs 479 crore. Margin expands 550 bps to 30.6% Vs 25.1%

Life Insurance Corporation of India Q2 (Consolidated YoY)

Profit declines 3.8% to Rs 7,728.7 crore Vs Rs 8,030.3 crore. Net premium income grows 11.5% to Rs 1,20,326 crore Vs Rs 1,07,877 crore. First year premium increases 12.1% to Rs 11,244.8 crore Vs Rs 10,032 crore. Renewal premium rises 3.8% to Rs 62,235.5 crore Vs Rs 59,961 crore. Net commission soars 8% to Rs 6,570.7 crore Vs Rs 6,087.7 crore

Whirlpool of India Q2 (Consolidated YoY)

Profit jumps 40.1% to Rs 53.5 crore Vs Rs 38.2 crore. Revenue grows 12.6% to Rs 1,713 crore Vs Rs 1,521.6 crore. EBITDA increases 19% to Rs 87 crore Vs Rs 73.2 crore. Margin expands to 5.07% Vs 4.8%. Other income rises to Rs 49.3 crore Vs Rs 33.9 crore

Ola Electric Mobility Q2 (Consolidated YoY)

Loss narrows to Rs 495 crore Vs loss of Rs 524 crore. Revenue jumps 39% to Rs 1,214 crore Vs Rs 873 crore. EBITDA loss narrows to Rs 379 crore vs loss of Rs 435 crore.

Utkarsh Small Finance Bank Q2 (YoY)

Profit falls 55% to Rs 51.4 crore Vs Rs 114.4 crore. Net interest income rises 26.4% to Rs 558.2 crore Vs Rs 441.5 crore. Provisions and contingencies spike to Rs 208.3 crore Vs Rs 83.3 crore. Tax expenses decline to Rs 16.7 crore Vs Rs 40 crore

Aurobindo Pharma Q2 (Consolidated YoY)

Profit grows 8.6% to Rs 817 crore Vs Rs 752 crore. Revenue increases 8% to Rs 7,796 crore Vs Rs 7,219.4 crore. EBITDA jumps 11.6% to Rs 1,566 crore Vs Rs 1,403 crore. Margin expands 65 bps to 20.1% Vs 19.4%

DCX Systems

The company has received an export order worth Rs 460.3 crore from Lockheed Martin Global Inc., USA, for the supply of electronic assemblies.

JSW Steel

The Ministry of Coal has terminated the Coal Block Development and Production Agreement with JSW Steel for the Banai & Bhalumuda coal block in Mand-Raigarh. After acquiring the block and conducting a detailed feasibility study, the company concluded that the mine was not suitable from a techno-commercial perspective. Consequently, it decided not to proceed with the investment to develop the coal block. JSW Steel had been declared the preferred bidder in the auction of this coal block in March 2023.

G R Infraprojects

The company has emerged as the lowest bidder for BSNL’s BharatNet Phase 3 project, valued at Rs 867.54 crore. The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet in Kerala.

ITI

The telecom manufacturing company with consortium partner has emerged as the lowest bidder for Package number 15 of the BharatNet Phase-3 project, which includes Arunachal Pradesh, Nagaland, and Manipur, with an order value of Rs 1,537 crore. Additionally, it has also been awarded the lowest bid for Package number 8 in Himachal Pradesh and Package number 9 in West Bengal and the Andaman and Nicobar Islands, with a total order value of Rs 3,022 crore. BSNL had invited tenders for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of the BharatNet Phase-3 project under a design, build, operate, and maintain (DBOM) model.

Tera Software

The company in partnership with ITI as a consortium partner, has participated in the bids for the BharatNet Phase-3 project. The company emerged as the lowest bidder for the project in Himachal Pradesh (Package 8), West Bengal, and Andaman & Nicobar (Package 9), with a total order value of Rs 3,022 crore.

RMC Switchgears

The company has signed an enabling Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a 1,000 MW ultra mega solar park project with integrated battery storage. This project is expected to take 2-3 years to execute and will contribute to RMC’s target of implementing 1 GW of greenfield projects.

Sasken Technologies

The product engineering and digital transformation services company is set to acquire the hardware and software services business of Borqs Technologies, Inc., a global provider of embedded software and products for the Internet of Things (IoT).

Titan Intech

The company has entered into an agreement with the Department of Agriculture, Uttar Pradesh Government, for the implementation of a weather information network and data system (WINDS).

Solar Industries India

The company has received export orders worth Rs 580 crore for the supply of defence products. These products will be delivered over a period of 5 years.

Krishna Institute of Medical Sciences (KIMS)

The company has entered into an operations and management agreement with Insignia Healthcare for an initial term of 15 years, with an option to extend for a further 10 years. This agreement pertains to the operation and management of a newly constructed super specialty hospital with a capacity of approximately 150 beds in Guntur, Andhra Pradesh.

Zaggle Prepaid Ocean Services

Zaggle has signed an agreement with Can Fin Homes to provide an expense management platform and employee benefits (Zaggle Zoyer Petty Cash & Zaggle Save) for the branches and employees of Can Fin Homes, respectively.

Epigral

The Board has approved the company’s expansion of production capacity for chlorinated polyvinyl chloride resin (CPVC Resin) and epichlorohydrin at its facility in Dahej, Gujarat.

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