🇮🇳 India Daybook: PNB Net Profit Jumps 13%, Tejas Networks Swings To Profit & Bags BSNL Order

📍 EARNINGS REACTION & FINANCIAL RESULTS

• Punjab National Bank (PNB): Net profit rose 12.8% year-on-year to ₹5,532 crore for the second quarter, up from ₹4,904 crore in the corresponding quarter last fiscal. Net Interest Income (NII) advanced 10.8% YoY to ₹11,601 crore, while operating profit climbed 4.2% to ₹7,532 crore. Asset quality improved, with Gross NPA easing to 2.55% from 2.78% QoQ and Net NPA falling to 0.25% from 0.28% QoQ. Provisions dropped to ₹97 crore compared to ₹541 crore in the previous quarter.

• Bajaj Housing Finance: Delivered an 17.7% YoY increase in net profit to ₹757 crore compared to ₹643 crore in the year-ago period. Total income grew 18.3% YoY to ₹3,251 crore from ₹2,748 crore.

• LTIMindtree (LTM): Reported consolidated revenue of ₹11,808 crore, up 1.7% QoQ. Operating EBIT rose 2.2% QoQ to ₹1,839 crore, with EBIT margins inching up to 15.6%. Net profit slipped 4.6% QoQ to ₹1,398 crore. The board approved an interim dividend of ₹25 per equity share.

• DLF: Consolidated net profit increased 10.3% YoY to ₹1,301 crore, boosted by other income of ₹1,037 crore compared to ₹619 crore in Q2 FY26. Revenue dropped 23.3% YoY to ₹1,261 crore, while operating EBITDA stood at ₹23 crore.

• Oberoi Realty: Consolidated net profit remained flat at ₹762 crore (up 0.3% YoY). Revenue declined 6.1% YoY to ₹1,671 crore, though operating EBITDA margins expanded by 370 bps to 61% from 57.3% YoY.

• Jindal SAW: Consolidated net profit declined 69.1% YoY to ₹47 crore against ₹152 crore in the corresponding quarter last year. Revenue rose 5.6% YoY to ₹4,472 crore, while EBITDA dropped 42.3% YoY to ₹261 crore as EBITDA margin compressed to 5.8%.

• Rossari Biotech: Revenue grew 19% YoY to ₹698 crore from ₹586 crore. EBITDA jumped 21.1% to ₹87.1 crore, and net profit climbed 5.4% YoY to ₹38.9 crore.

📍 ORDER WIN & BUSINESS EXPANSION

• Tejas Networks: Posted a net turnaround in Q2 with a net profit of ₹61.3 crore versus a net loss of ₹3.2 crore YoY. Alongside the results, the company secured a pan-India BSNL add-on site order from Tata Consultancy Services (TCS) and inked an agreement for a 5G network rollout in South America.

📍 FUNDRAISING & CORPORATE ACTIONS

• Urban Company: Reported a 41.3% YoY increase in Q2 revenue to ₹537 crore, while its consolidated net loss widened to ₹182 crore. The company's board approved a proposal to raise up to ₹2,500 crore via equity shares, debt instruments, and other permissible modes.

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