JSW Steel | The company said Jsquare Electrical Steel Nashik Private Ltd, a wholly-owned subsidiary of JSW JFE Electrical Steel Private Ltd, has entered into a share purchase agreement to acquire 100% equity interest in Thyssenkrupp Electrical Steel India Private Ltd (tkES India). The total purchase consideration for the transaction amounts to ₹4,051.40 crore, subject to closing adjustments.

Tech Mahindra | IT services firm reported a more than two-fold jump in its consolidated net profit to ₹1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of ₹493.9 crore in the year-ago period. Revenue rose by 3.49% to ₹13,313.2 crore in the second quarter of 2024-25 compared to ₹12,863.9 crore in the same quarter of 2023-24.

Godrej Properties | Realty firm said it has acquired a 3-acre land parcel in Vastrapur, Ahmedabad, with a development potential of 0.9 million square feet of saleable area. Based on current business assumptions, the estimated booking value for the project is around ₹1,300 crore. The project will primarily consist of premium residential apartments of various configurations.

ICICI Lombard | The company posted a robust 20.2% increase in its net profit for Q2 FY25, reaching ₹694 crore, compared to ₹577 crore in the corresponding quarter of the previous fiscal year. The profit growth was supported by a 10.4% increase in Gross Direct Premium Income (GDPI), which stood at ₹6,721 crore, outperforming the industry’s modest growth of 2.0% during the same period.

L&T Finance | The company reported its financial results for the quarter ended September 30, 2024, with total revenue from operations rising by 25% year-on-year to ₹4,019.34 crore, up from ₹3,213.84 crore in Q2 FY24. This growth was driven by higher interest income, fees, and commission income across its key business segments. The company’s net profit grew by 16.8% to ₹695.58 crore, compared to ₹595.11 crore in the corresponding period last year, while its profit before tax stood at ₹939.57 crore, reflecting a 17.8% increase over ₹797.39 crore in Q2 FY24.

Jio Financial Services | The financial services arm of Reliance Industries Ltd reported a 3.1% year-on-year (YoY) increase in net profit at ₹689.1 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Jio Financial Services posted a net profit of ₹668.2 crore. The company’s revenue from operations rose 14.1% to ₹693.5 crore as against ₹608 crore in the corresponding period of the preceding fiscal.

UCO Bank | State-owned bank reported a 50% year-on-year (YoY) jump in net profit at ₹602 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, UCO Bank posted a net profit of ₹401.7 crore. Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 20%, coming at ₹2,300.4 crore against ₹1,916.5 crore in the corresponding quarter of FY24.

Oberoi Realty | Mumbai-based company reported a 28% year-on-year (YoY) jump in net profit at ₹589.4 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Oberoi Realty posted a net profit of ₹456.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 8.4% to ₹1,320 crore as against ₹1,217.4 crore in the corresponding period of the preceding fiscal.

Tata Consumer Products | FMCG giant reported a flat net profit of ₹359.3 crore for the second quarter of September 30, 2024. The CNBC-TV18 poll had predicted a profit of ₹337.3 crore for the quarter under review. The company’s revenue from operations increased 13% to ₹4,214.5 crore as against ₹3,733 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹4,320 crore for the quarter under review.

Jindal SAW | Homegrown company reported a 32.4% year-on-year (YoY) jump in net profit at ₹499 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Jindal SAW posted a net profit of ₹377 crore, the company said in a regulatory filing. The company’s revenue from operations increased 2% to ₹5,571.9 crore as against ₹5,466.2 crore in the corresponding period of the preceding fiscal.

MCX | Leading commodity bourse reported a net profit of ₹153.6 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Multi Commodity Exchange posted a loss of ₹19.1 crore, the company said in a regulatory filing. The company’s revenue from operations surged 73% to ₹285.6 crore as against ₹165.1 crore in the corresponding period of the preceding fiscal.

Mastek | Mid-tier IT company reported a 104.94% year-on-year (YoY) surge in net profit at ₹128.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Mastek posted a net profit of ₹62.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 13.3% to ₹867.4 crore as against ₹765.5 crore in the corresponding period of the preceding fiscal.

Rossari Biotech | Speciality chemical maker with a focus on home and personal care products reported a 7.3% year-on-year (YoY) increase in net profit at ₹35.3 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Rossari Biotech posted a net profit of ₹32.9 crore, the company said in a regulatory filing. The company’s revenue from operations increased 1.8% to ₹498.3 crore as against ₹489.7 crore in the corresponding period of the preceding fiscal.

Dalmia Bharat | Cement maker reported a 60.5% year-on-year (YoY) decline in net profit at ₹49 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Dalmia Bharat posted a net profit of ₹124 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹75 crore for the quarter under review.

MRPL | The company reported a loss of ₹683.6 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Mangalore Refinery and Petrochemicals posted a net profit of ₹1,059 crore, the company said in a regulatory filing. The company’s revenue from operations increased 29% to ₹24,967.9 crore as against ₹19,353.3 crore in the corresponding period of the preceding fiscal.