🇮🇳 India Daybook: Trent Posts Robust Q2 Growth, Juniper Hotels Inks ₹248-Cr Deal

📍 ACQUISITIONS

• Juniper Hotels: Entered into a binding Memorandum of Understanding (MoU) with Imagicaaworld Entertainment to acquire the operating 287-key Novotel Imagicaa hotel in Khopoli, Maharashtra, spread across 11 acres, for an enterprise valuation of ₹248 crore.

📍 ORDER WINS

• Marine Electricals (India): Bagged four domestic contracts totaling ₹393.52 crore. The mandates include a power distribution system contract from Web Werks (India), MEP GC works from CtrlS Datacenters, electrical works for a 7,500 DWT MPV from Garden Reach Shipbuilders & Engineers (GRSE), and a VTMS project from Navayuga Engineering Company.
• Solex Energy: Secured a domestic supply order valued at ₹75.96 crore for 620 Wp N-Type TOPCon glass-to-glass solar PV modules, scheduled for completion by November.
• Laser Power & Infra: Won an order worth ₹72.76 crore from Power Grid Corporation of India (PGCIL) for HTLS reconductoring works.

📍 QUARTERLY BUSINESS UPDATES

• Trent: Recorded a 23% year-on-year jump in standalone revenue to ₹5,788 crore for Q2. The retailer expanded its footprint by adding 10 Westside and 17 Zudio stores during the quarter, including its landmark 1,000th Zudio store, taking its overall portfolio to 1,342 outlets.
• Godrej Consumer Products (GCPL): Guided for high-teens consolidated revenue growth, high single-digit volume expansion, and double-digit EBITDA growth for Q2 despite uneven monsoon conditions and elevated commodity costs.
• Axis Bank: Reported a 22.7% YoY increase in gross advances to ₹13.84 lakh crore (up 8.8% QoQ) in Q2, while total deposits grew 20.7% YoY to ₹14.52 lakh crore.
• Kotak Mahindra Bank: Posted a 24.7% YoY increase in net advances to ₹5.77 lakh crore for the quarter ended September. Total deposits grew 23.2% YoY to ₹6.51 lakh crore, with CASA deposits climbing 11.3% YoY to ₹2.49 lakh crore.
• IDFC First Bank: Reported a 20.4% YoY increase in loans and advances to ₹3.14 lakh crore in Q2, while customer deposits expanded 17% YoY to ₹3.24 lakh crore.
• Hi-Tech Pipes: Clocked a 32% YoY growth in sales volume to 165,016 metric tonnes for Q2, lifting H1 sales volumes by 29% YoY to 321,152 metric tonnes.

📍 CORPORATE ACTIONS & EXPANSION

• Vedanta: Scheduled a board meeting for October 8 to consider and approve the first interim dividend for FY27, with the record date set for October 14.
• Narayana Hrudayalaya: Commenced commercial operations at the 110-bed KS-Narayana Hospital in Bengaluru under an existing operations and management (O&M) framework.

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