Profit and Loss
Several companies announced their quarterly profits and losses. EKI Energy Services reported a net loss of Rs 2.87 crore in Q2. Ajmera Realty saw a 14%
decrease in Q2 profit, totaling Rs 30.37 crore. JM Financial experienced a 16% rise in Q2 profit, reaching Rs 270 crore. Jagran Prakashan’s Q2 profit increased by 36.7% to Rs 56.9 crore, while Mankind Pharma's Q2 profit dropped by 21% to Rs 520 crore. JK Lakshmi Cement's Q2 profit was up 25% to Rs 80.63 crore. Saatvik Green Energy saw a 36% rise in Q2 profit, amounting to Rs 83 crore. Lupin's Q2 profit surged by 73% to Rs 1,485 crore. Apollo Hospitals reported a 26% jump in Q2 profit, reaching Rs 477 crore. Furthermore, ABB India's net profit declined by 7% during the September quarter, while Bombay Dyeing's Q2 profit also decreased, accompanied by a revenue decline. Finally, LIC announced a remarkable 32% surge in Q2 profit, reaching Rs 10,053 crore.
Investment & Expansion
Major investment and expansion activities were also in the news. Spacewood Furnishers secured Rs 300 crore from A91 Partners. IRB InvIT Fund acquired highway assets for Rs 8,436 crore. Mahindra Group set export growth targets and outlined expansion plans. Tesla was invited to establish a plant in Haryana. TVS Motor planned to sell its stake in Rapido for Rs 288 crore. Additionally, Adani Kutch Copper and Caravel Minerals signed a Memorandum of Understanding (MoU) for a copper project. Bajaj Auto aimed to acquire shares of Pierer Bajaj AG. Horizon Industrial Parks appointed Urvish Rambhia as CEO. Tiger Global exited Ather Energy for Rs 1,204 crore. The Kangra Airport expansion received released funds. Moreover, SJVN Buxar Thermal Project Unit-1 achieved trial success.
Strategic Initiatives
Several companies and institutions undertook strategic initiatives. Catch Salt & Spices set a revenue target of Rs 5000 crore. Infosys developed an AI agent for energy sector operations. SBI planned to enable customer communication in local languages. IIMA launched an MBA program in Business Analytics & AI. Sebi introduced measures to combat fraudulent investment activities on social media and overhauled the securities market certification program. The DGCA provided data on GPS spoofing instances. Furthermore, ICAI submitted suggestions for amendments to the Insolvency Law, while IBBI addressed the restitution of ED-attached assets under PMLA.
Market Trends
Market trends and forecasts also influenced the business landscape. Reports indicated that housing prices are expected to rise by 5-10% annually. The gold market saw a rebound, with gains of Rs 600. The government stated it would not restrain retail investors from participating in F&O trading. Additionally, the IATA reported that SAF blending mandates were hurting airlines. Other developments included the launch of the Paytm Checkin AI travel booking app and the Imagicaaworld & Hello Park digital playground. Moreover, initiatives such as Arya.ag Smart Farm Centers for farmers are underway, and Himachal's CM aimed to expedite power project execution.
