Infosys delivered strong Q2 results with profit growing 6.2% to ₹7,823 crore compared to ₹7,364 crore in the previous year. The IT major's revenue increased 10.7% to ₹49,244 crore from ₹44,490 crore, while EBIT surged 10.4% to ₹10,330 crore. The company maintained its EBIT margin at 21% and reported dollar revenue rising 1.3% to $5,145 million. Looking ahead, Infosys provided FY27 guidance of 1-2% revenue growth in constant currency and operating margin of 20-22%, though the company cut its FY27 constant-currency revenue growth guidance to 1-2% from 1.5-3% earlier. Meanwhile, Kotak Mahindra Bank showed exceptional performance with profit surging 29.5% to ₹4,212 crore versus ₹3,253.3 crore year-on-year, while net interest income grew 15.7% to ₹8,459 crore. The bank's operating profit increased 21.1% to ₹6,382.2 crore and gross non-performing assets (GNPA) improved to 1.04% from 1.18% in the previous quarter.
Dr Reddy's Laboratories faced challenges with profit declining 36% to ₹913.4 crore compared to ₹1,426.8 crore in the previous year, while revenue fell 1.5% to ₹8,670.8 crore. In contrast, IndusInd Bank turned around significantly with profit reaching ₹1,176.1 crore versus a loss of ₹444.8 crore in the previous year. The bank's net interest income grew 3.6% to ₹4,569.5 crore and operating profit jumped 37% to ₹2,778 crore. Bank of India also showed strong performance with profit zooming 25.4% to ₹3,202.4 crore and net interest income growing 18.5% to ₹7,007.2 crore. DCB Bank delivered impressive results with profit jumping 28.3% to ₹236 crore and net interest income growing 17.3% to ₹699 crore.
Coforge demonstrated exceptional growth with profit zooming 56.5% to ₹588.1 crore from ₹375.8 crore year-on-year, while revenue jumped 53.6% to ₹6,170.8 crore. Tata Motors CV also showed strong recovery with profit standing at ₹1,257 crore versus a loss of ₹867 crore, and revenue surging 36.3% to ₹25,338 crore. Bharat Coking Coal reported profit of ₹123.74 crore compared to a loss of ₹53 crore, with revenue growing 39% to ₹4,412.6 crore. Netweb Technologies India showed remarkable growth with profit spiking 334.8% to ₹136.7 crore and revenue growing 335.7% to ₹1,323.3 crore.
Lupin faces regulatory scrutiny as the US FDA conducted an inspection of its Goa manufacturing facility from October 19 to 23, concluding with the issuance of a Form 483 containing one observation. The company stated it will address the observation and respond to the US FDA within the stipulated timeframe, adding that it remains committed to complying with current Good Manufacturing Practice (cGMP) standards across all its facilities. In the infrastructure sector, KEC International secured significant orders worth ₹2,872 crore from Power Grid Corporation of India for transmission line projects. BL Kashyap secured an order worth ₹495.86 crore from Signature Global for civil structure works. On the bulk deals front, Sahajanand Medical Technologies saw Invesco Mutual Fund purchase 8 lakh shares valued at approximately ₹134.3 crore, while Yali Capital exited Tonbo Imaging by selling its entire 4.18% stake for ₹256.61 crore.
