🇮🇳 India Daybook: Persistent Systems Profit Surges 34%, PNC Infratech Bags ₹3,483 Cr Order

📍 EARNINGS

• Persistent Systems: The company reported a strong performance for Q4FY26, with net profit rising 33.7% YoY to ₹529.26 crore. Revenue for the quarter grew 25.1% to ₹4,055.94 crore, and the board has recommended a final dividend of ₹18 per share.
• Nestle India: Reported a 27.2% YoY increase in consolidated net profit to ₹1,111 crore for the March 2026 quarter, driven by steady domestic demand.
• Havells India: Net profit for the fourth quarter jumped 40% YoY to ₹723.4 crore, while revenue growth remained stable at approximately 2.5%.
• Tata Elxsi: The company posted a 27.8% YoY rise in net profit to ₹220.4 crore, supported by a 9.4% surge in operational revenue.
• L&T Technology Services: Reported a 6.7% YoY increase in net profit to ₹332 crore for the final quarter of the fiscal year.
• Tata Communications: Net profit for Q4 fell sharply by 74.6% to ₹263.25 crore, primarily due to a high base effect and increased operational expenses.

📍 ORDER WIN

• PNC Infratech: The company has emerged as the lowest (L1) bidder for two HAM-based national highway projects with a total value of ₹3,483 crore.
• ArisInfra Solutions: Signed a Memorandum of Understanding (MoU) with Capacit'e Infraprojects for the procurement of construction and building materials worth a minimum of ₹800 crore.
• Infratech: Successfully secured two new road development projects from the National Highways Authority of India (NHAI).

📍 ACQUISITION

• Enviro Infra Engineers: Its subsidiary, EIE Renewables, has entered into an agreement to acquire an initial 49% stake in PRA Bihar Bess Private Limited to develop battery energy storage systems (BESS) in Bihar.
• MosChip: Announced the strategic acquisition of Vayavya Labs to expand its capabilities in the semiconductor and embedded software segments.

📍 STRATEGIC PARTNERSHIP

• Karnataka Bank: The lender has partnered with Pine Labs to offer advanced Point of Sale (PoS) and digital payment solutions to its merchant clients across India.

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