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Infosys: The IT major's consolidated net profit rose 4.5% to Rs 6,215 crore on 2.8% increase in revenues to Rs 38,994 crore in Q2 FY24 over Q1 FY24. On a year on year basis, the company's net profit and revenues grew by 3.1% and 6.7%, respectively as compared with Q2 FY23. The IT giant has lowered its FY24 revenue guidance to 1% - 2.5%, a revision from the previous quarter's projection of 1% - 3.5% in constant currency, while maintaining the operating margin guidance at 20% - 22% for the same fiscal year.
HCL Technologies: The IT major posted consolidated net income of Rs 3489 crore in Q2 FY24 as compared to Rs 3534 crore in Q1 FY24. Revenues declined to Rs 24686 crore in Q2 FY24 from Rs 26296 crore in Q1 FY24.
Maruti Suzuki India: The meeting of the board of directors of the company is scheduled on 17 October 2023 to consider and approve the issue of equity shares of the company to Suzuki Motor Corporation (SMC) on a preferential basis. The board will also consider to discharge the consideration payable by the company for acquisition of 100% equity stake of SMC in Suzuki Motor Gujarat Private Limited.
Angel One: The company posted 42.5% rise in consolidated net profit to Rs 304.5 crore on 40.7% rise in total income to Rs 1049.3 crore in Q2 FY24 over Q2 FY23.
Dr. Reddy's Laboratories: The United States Food & Drug Administration (USFDA) completed a productspecific Pre-Approval Inspection (PAI) at biologics manufacturing facility in Bachupally, Hyderabad. The inspection was conducted from 4 to 12 October 2023. The company is issued a Form 483 with nine observations it will address within the stipulated timeline.
One 97 Communications: The Reserve Bank of India (RBI) has by an order imposed a monetary penalty of Rs 5.39 crore on associate company Paytm Payments Bank for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016'.
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