Overview
- Reliance Industries reported sharply higher revenue but a year‑on‑year profit decline driven by a one‑time gain in the prior year and higher depreciation and finance costs, a result reported on July 17.
- Jio Platforms posted revenue and profit growth with improved EBITDA margins and formally submitted a Draft Red Herring Prospectus to SEBI to progress a public listing.
- Tech Mahindra delivered a strong quarter with 17.7% year‑on‑year revenue growth, 28.4% PAT growth and new deal wins totaling about $1,078 million, signaling continued contract momentum.
- Wipro’s top line rose but net profit was essentially flat as rising employee, operating and finance costs offset revenue gains while the company completed a large Rs 15,050 crore buyback and declared an interim dividend.
- Financial and insurance arms showed improvement with ICICI Prudential Life reporting a 27.8% rise in standalone PAT and stronger new‑business value while Jio Financial Services posted a large jump in quarterly revenue and profit.