Indian companies report mixed second-quarter results as banks and IT firms post gains
publishers 30articles 233first reported 8 Oct, 11:00 UTCdeveloping since 8 Oct · 24 editions
A group of major Indian companies reported mixed results for the second quarter of FY27, with banks and technology firms generally posting stronger profits while Dr. Reddy’s Laboratories recorded a decline.
Tata Consultancy Services’ net profit rose 15% to ₹13,884 crore and revenue increased 11.78%, according to The Indian Express. Infosys reported a 6.2% rise in profit to ₹7,823 crore as revenue grew 10.7% to ₹49,244 crore. The company cut its full-year revenue-growth forecast to 1%-2% from 1.5%-3%, citing softer volumes, pricing pressure and weak discretionary spending, while retaining its 20%-22% operating-margin guidance. Coforge’s profit climbed 56.5% to ₹588.1 crore, aided by strong growth and a record eight large deals.
Among lenders, Kotak Mahindra Bank’s profit increased 26% to ₹5,645.38 crore, while improved asset quality and higher income supported the result. AU Small Finance Bank posted a 53% profit increase to ₹858 crore, and IndusInd Bank returned to a ₹1,242 crore profit from a year-earlier loss, alongside lower bad-loan ratios.
Tata Motors reported a ₹1,257 crore profit, reversing a ₹867 crore loss a year earlier, while consolidated revenue rose 36% to ₹25,232 crore. It said its Iveco acquisition remained on track, with settlement scheduled for October 30 if the tender offer succeeds.
Dr. Reddy’s quarterly profit fell more than 31% to ₹913.2 crore as revenue declined to ₹8,697.8 crore, driven by weaker North American generics sales, including lower sales of lenalidomide.
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 390 h after the record first saw the story; the editor revised it.
- Publishers
- 30
- Source articles
- 233
- Given to the writer
- 8, 8 with the article's own text
- Independent newsrooms
- 2
- This version written
- 390 h after the record first saw the story
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and changed it before publication. Struck words were in the draft; underlined words are its corrections.
WHAT IT FLAGGED editor revise: Replace the unsupported causal link between Tata Motors’ revenue growth and profit turnaround with a neutral construction. - "Tata Motors reported a ₹1,257 crore profit, reversing a ₹867 crore loss a year earlier, as consolidated revenue rose 36% to ₹25,232 crore.": The sentence implies the profit turnaround resulted from revenue growth, but the source says it was led by a lower mark-to-market loss on Tata Capital investments.
THE DRAFT AND THE CHANGES
Indian companies report mixed second-quarter results as banks and IT firms post gains
A group of major Indian companies reported mixed results for the second quarter of FY27, with banks and technology firms generally posting stronger profits while Dr. Reddy’s Laboratories recorded a decline.
Tata Consultancy Services’ net profit rose 15% to ₹13,884 crore and revenue increased 11.78%, according to The Indian Express. Infosys reported a 6.2% rise in profit to ₹7,823 crore as revenue grew 10.7% to ₹49,244 crore. The company cut its full-year revenue-growth forecast to 1%-2% from 1.5%-3%, citing softer volumes, pricing pressure and weak discretionary spending, while retaining its 20%-22% operating-margin guidance. Coforge’s profit climbed 56.5% to ₹588.1 crore, aided by strong growth and a record eight large deals.
Among lenders, Kotak Mahindra Bank’s profit increased 26% to ₹5,645.38 crore, while improved asset quality and higher income supported the result. AU Small Finance Bank posted a 53% profit increase to ₹858 crore, and IndusInd Bank returned to a ₹1,242 crore profit from a year-earlier loss, alongside lower bad-loan ratios.
Tata Motors reported a ₹1,257 crore profit, reversing a ₹867 crore loss a year earlier, aswhile consolidated revenue rose 36% to ₹25,232 crore. It said its Iveco acquisition remained on track, with settlement scheduled for October 30 if the tender offer succeeds.
Dr. Reddy’s quarterly profit fell more than 31% to ₹913.2 crore as revenue declined to ₹8,697.8 crore, driven by weaker North American generics sales, including lower sales of lenalidomide.
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 →