Back to market news
News image for Tata Elxsi Net Profit Up 10% as Market Opens Lower on Oct 14
AEGISLOG

Tata Elxsi Net Profit Up 10% as Market Opens Lower on Oct 14

Design and technology services provider Tata Elxsi reported a 10% increase in net profit to ₹170.30 crore for the September quarter of FY27, up from ₹154.82 crore in the same quarter of FY26. Revenue from operations rose 14.98% to ₹1,055.66 crore, compared with ₹918.10 crore in Q2 FY26, while quarter‑on‑quarter revenue grew 3.4%. Net profit declined 0.18% QoQ. CEO and MD Manoj Raghavan said the company delivered strong operational excellence and resilient growth across customers and industry verticals in a volatile macro environment.

The domestic equity market is expected to open lower on Wednesday, October 14, with GIFT NIFTY futures suggesting the NIFTY50 index will open 71 points lower. As per the BSE list, 27 companies are slated to release their September quarter (Q2 FY27) earnings today, including Tata Technologies, Bharat Heavy Electricals (BHEL), Billionbrains Garage Ventures (Groww), Canara Bank, ICICI Lombard General Insurance Company, HDB Financial Services, Mangalore Refinery and Petrochemicals, Emmvee Photovoltaic Power, CEAT, Leela Palaces Hotels & Resorts, and Bajaj Consumer Care, among others.

Infosys highlighted that its AI services, which accounted for over 8% of revenue last quarter and are growing at a double‑digit rate sequentially, are likely to drive almost half of its work in two to three years. CEO and MD Salil Parekh said the business, which includes building AI agents, coding work and modernising old technology for clients, could account for 20‑30% of Infosys’ work within a few quarters if the current pace continues, and that there is a huge demand for such services.

Transformers and Rectifiers (India) reported a strong September quarter, with revenue from operations (standalone) surging 66% YoY to ₹709.04 crore, while EBITDA rose 205% to ₹113.90 crore. EBITDA margin jumped 736 basis points YoY to 16.1%, and PAT increased 338% YoY to ₹75.06 crore. Order inflow stood at ₹1,169 crore during Q2 FY27, reflecting 97% YoY growth, according to the company’s filing.

Bharat Coking Coal Ltd (BCCL) announced that its board approved rationalising basic prices of certain grades of raw coking coal for the non‑regulated sector, with rate hikes ranging from 0.1% to 14%. The revision aims to correct disproportionate inter‑grade price differentials and covers steel grades I and II, direct feed, PCC Washery Grades W‑II to W‑VI, and HVMC Washery Grades W‑I to W‑VI for the non‑regulated sector, as stated in a stock exchange filing.

Den Networks Ltd, a cable television distribution company owned by Reliance Industries Group, reported a 4.55% increase in consolidated net profit to ₹36.77 crore for the September quarter, up from ₹35.17 crore a year ago. Revenue from operations slipped 3.67% to ₹232.55 crore, compared with ₹241.42 crore in the year‑ago period. Total expenses fell 1.8% to ₹241.53 crore, and total income rose marginally to ₹293.28 crore in the September quarter, according to the company’s regulatory filing.