Overview
- Titan reported a 43% year-on-year jump in net profit to Rs 1,006 crore as revenue rose 25% to Rs 16,534 crore, supported by higher gold prices and festive demand.
- Bharti Hexacom’s net profit climbed 66.4% to Rs 421 crore with revenue up 10.5% to Rs 2,317 crore, driven by higher ARPU, data usage, and smartphone additions.
- Power Grid posted a 6% decline in quarterly profit to Rs 3,566 crore with revenue up 1.8%, as EBITDA fell 6.1% and margins narrowed to 79.4% from 86%.
- Cipla announced the purchase of 100% of Inzpera Healthsciences for about Rs 110.65 crore, and Zydus Lifesciences will consider raising up to Rs 5,000 crore on November 6 subject to shareholder approval.
- Markets finished nearly flat in the previous session as attention turns to results from State Bank of India, Adani Enterprises, Adani Ports, Mahindra & Mahindra, and IndiGo.