Tata Power and Hindustan Copper post strong Q2 earnings

Tata Power reports 48.6% net profit increase

Tata Power, an integrated power company under the Tata Group, reported a 48.6 percent increase in net profit to ₹1,366 crore from ₹919 crore in the year-ago period. Revenue for the company rose 26.3 percent to ₹19,636 crore from ₹15,545 crore.

The company recorded an EBITDA of ₹3,667 crore, an 11.1 percent growth from ₹3,302 crore in the previous year, with an EBITDA margin of 18.7 percent compared to 21.2 percent. Tata Power has a market capitalization of ₹1,14,872.46 crore, and its shares closed on Monday at ₹359.50 per equity share.

The firm maintains a portfolio of thermal, hydro, wind, and solar projects while expanding into rooftop solar, electric vehicle charging, and battery storage.

Hindustan Copper profit climbs 47.3% in second quarter

Hindustan Copper, a government-owned enterprise under the Ministry of Mines, reported a 47.3 percent rise in net profit to ₹520 crore from ₹353 crore. Revenue for the copper producer increased 25.4 percent to ₹1,175 crore from ₹937 crore.

The company's EBITDA grew 38.4 percent to ₹703 crore from ₹508 crore, with an EBITDA margin of 59.9 percent versus 54.2 percent quarter-on-quarter. Hindustan Copper has a market capitalization of ₹41,567.53 crore, and its shares closed on Monday at ₹429.85 per equity share.

Established in 1967, the company is the only vertically integrated copper ore mining firm in India.

GRSE and Power Mech record Q2 profit growth

Garden Reach Shipbuilders and Engineers reported a net profit of ₹80.6 crore for the second quarter, compared to ₹80.4 crore in the same period last year. Business Upturn reported a separate net profit figure of ₹172 crore for the company, noting a 12 percent increase and a 25 percent rise in EBITDA. Revenue for the Kolkata-based shipbuilder grew 9 percent to ₹143 crore from ₹131 crore, while EBITDA increased 13 percent to ₹113 crore from ₹100 crore.

The company, which operates under the Ministry of Defence, designs and manufactures naval vessels and warships for the Indian Navy and Coast Guard. Garden Reach Shipbuilders and Engineers has a market capitalization of ₹25,188.84 crore, with shares closing at ₹2,198.90 on Monday.

Power Mech Projects posted a net profit of ₹253 crore for the September quarter, an increase from ₹242 crore in the previous year. Business Upturn reported the company's net profit at ₹84 crore, marking a 12 percent year-on-year rise alongside a 30 percent jump in revenue. Revenue reached ₹7,020 crore, up 7.5 percent from ₹6,530 crore, while EBITDA rose 9.9 percent to ₹441.4 crore from ₹401.7 crore.

Founded in 1999 and headquartered in Hyderabad, Power Mech Projects provides engineering, construction, and maintenance services for power plants. The company maintains a market capitalization of ₹7,603.40 crore, and its shares closed at ₹2,404.90 per equity share on Monday.

Cupid and Triveni Turbine see earnings gains

Cupid reported a net profit of ₹63.2 crore for the second quarter, a 49.2 percent increase from ₹42.3 crore in the same quarter last year. Revenue for the company declined 0.8 percent to ₹793 crore from ₹799 crore, while EBITDA grew 27.9 percent to ₹107 crore from ₹83.6 crore. Cupid has a market capitalization of ₹46,121.86 crore, with shares closing at ₹343 on Monday.

Based in Nashik, Maharashtra, the company was established in 1993 and manufactures wellness products including condoms, lubricant jelly, and diagnostic kits. It operates a manufacturing facility equipped with an in-house research and development center.

Triveni Turbine recorded a net profit of ₹172 crore, up 11.7 percent from ₹154 crore in the prior year. The company reported revenue of ₹1,827 crore, an 8.9 percent increase from ₹1,677 crore, while EBITDA rose 25.6 percent to ₹196 crore from ₹156 crore. Triveni Turbine has a market capitalization of ₹15,976.36 crore and its shares closed at ₹502.55 on Monday.

Headquartered in Bengaluru, the engineering firm designs and manufactures industrial steam turbines for sectors such as sugar, steel, chemicals, and renewable energy.

Mixed results for MIDHANI, DCX Systems, and National Fertilizers

MIDHANI, a government-owned company under the Ministry of Defence, reported a 41.6% decline in net profit to ₹53.3 crore from ₹91.2 crore. Revenue for the Hyderabad-based firm fell 3% to ₹491 crore, while EBITDA dropped 44.8% to ₹63.1 crore. The company, which manufactures specialized metals and alloys, saw its EBITDA margin contract to 12.9% from 22.6% year-on-year. Its shares closed at ₹395.75 on Monday, with a market capitalization of ₹7,413.98 crore.

DCX Systems recorded a net profit of ₹6 crore, a change from a loss of ₹36 crore in the same period last year. The Bengaluru-based defence and aerospace electronics manufacturer saw revenue decline 13.9% to ₹5,814 crore. EBITDA for the firm rose 20% to ₹138 crore. The company has a market capitalization of ₹1,570.55 crore and its shares closed at ₹141 on Monday.

National Fertilizers reported a net profit of ₹27.8 crore, compared to ₹13 crore in the previous year. Revenue for the Noida-headquartered public sector enterprise increased 41% to ₹296 crore, with EBITDA rising 54.3% to ₹50.3 crore. The company operates under the Ministry of Chemicals and Fertilizers and manufactures products including neem-coated urea and biofertilizers. Its market capitalization is ₹3,127.93 crore, with shares closing at ₹63.76 on Monday.

Bajaj Hindusthan Sugar records Q2 net loss

Bajaj Hindusthan Sugar reported a net loss of ₹121 crore for the second quarter. The Mumbai-based manufacturer, which produces sugar, ethanol, and power, saw its revenue fall 16.3%. The company has a market capitalization of ₹4,499.23 crore and its shares closed at ₹18.82 on Monday.

Kalyan Jewellers reports 64% profit jump

Kalyan Jewellers recorded a 64% increase in consolidated net profit to ₹427 crore, up from ₹260.51 crore in the same quarter last year.

Upcoming earnings announcements for 12 November

The earnings season continues on 12 November with several companies scheduled to release their financial results. HAL, Vodafone Idea, Oil India, IRCTC, and NMDC are among the firms expected to announce their performance.