Dr Reddy’s Laboratories (Consolidated, YoY) – Revenue up 12.6% at Rs 7,114 crore vs Rs 6,315.2 crore. Ebitda up 19.4% at Rs 1,831 crore vs Rs 1,534 crore. Margin at 25.7% vs 24.3%. Net profit up 36.4% at Rs 1,310 crore vs Rs 960 crore. Board recommended final dividend of Rs 40 per share.
Pidilite Industries (Consolidated, YoY) Revenue up 7.9% at Rs 2902 crore vs Rs 2689 crore. EBITDA up 25.64% at Rs 576.93 crore vs Rs 459.16 crore. Margin up 280 bps at 19.88% vs 17.07% (estimate 21.9%). Net profit up 6.45% at Rs 304 crore vs Rs 286 crore. Board recommended dividend of Rs 16 per share.
IGL (Consolidated, QOQ) Revenue up 1.12% at Rs 3597 crore vs Rs 3,550 crore. Ebitda down 6.33% at Rs 521 crore vs Rs 556 crore. Margin down 117 bps at 14.48% vs 15.66%. Net profit down 8.86% at Rs 433 crore vs Rs 475 crore.
United Breweries (Consolidated, YoY) Revenue up 17.34% at Rs 2,133 crore vs Rs 1766 crore . EBITDA up 166.28% at Rs 143 crore vs Rs 53.63 crore. Margin up 365 bps at 6.69% vs 3.03%. Net profit up 726.24% at Rs 81.55 crore vs Rs 9.87 crore .
Patel Engineering and its joint venture partner emerged as the lowest bidders for an irrigation project worth Rs 343 crore. The company’s share in the irrigation project stands at Rs 120 crore.
Mahindra and Mahindra: NCLT approved the merger of Mahindra Heavy Engines, Mahindra Two Wheelers and Trringo.com with the company.
Tata Elxsi collaborated with Arm to accelerate the software-defined vehicle journey for OEMs.
LTIMindtree & IBM will set up a joint generative AI centre of excellence in India.
Dixon Technologies’s arm, Dixon Electro Appliances, entered into a pact with Nokia for the development and manufacturing of telecom products.
