Indian companies report mixed second-quarter results
publishers 27articles 202first reported 8 Oct, 11:00 UTCdeveloping since 8 Oct · 24 editions
Indian companies reported mixed results for the September quarter, with strong gains at several industrial and technology businesses offset by weaker earnings at Dr. Reddy’s Laboratories.
Tata Consultancy Services’ net profit rose 15% to ₹13,884 crore, while revenue increased 11.78%, according to The Indian Express. Infosys posted a 6.2% rise in net profit to ₹7,823 crore and 10.7% revenue growth to ₹49,244 crore. It cut its FY27 revenue-growth forecast to 1%-2% from 1.5%-3%, citing subdued volumes, pricing pressure and weaker discretionary spending in retail and high technology. Coforge’s profit climbed 56.5% to ₹588.1 crore as revenue grew 53.6%, aided by its first full quarter consolidating Encora. The company raised its FY27 EBIT-margin guidance to 16%.
Adani Energy Solutions more than doubled net profit to ₹1,364 crore as revenue rose 51.3%, supported by its transmission and distribution businesses. Chennai Petroleum Corporation’s profit more than tripled to ₹2,271 crore after its gross refining margin increased to $20.41 a barrel from $9.04 a year earlier.
Tata Motors reported a ₹1,257 crore profit, reversing a year-earlier loss of ₹867 crore, while revenue rose 36%. It said its Iveco acquisition remained on schedule, with settlement planned for October 30 subject to completion of the tender offer.
IndusInd Bank returned to profit with ₹1,242 crore and reported improved asset quality. Dr. Reddy’s profit fell more than 31% to ₹913.2 crore as lower North American generics sales weighed on revenue.
HOW THIS STORY WAS MADE
Written from 8 articles, 8 with the publisher's own text; 2 independent newsrooms once syndicated copies count as one; this version written 366 h after the record first saw the story; the editor kept it as written.
- Publishers
- 27
- Source articles
- 202
- Given to the writer
- 8, 8 with the article's own text
- Independent newsrooms
- 2
- This version written
- 366 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →