🇮🇳 India Daybook: Divi's Labs Q2 Profit Jumps 64%, Wipro Names New Americas 2 CEO

📍 EARNINGS REACTION

• Divi's Laboratories: The active pharmaceutical ingredients major posted a 63.57% year-on-year surge in consolidated net profit to ₹1,127 crore for the July–September quarter, compared to ₹689 crore in the year-ago period. Revenue from operations climbed 35.39% YoY to ₹3,676 crore.
• PVR Inox: The leading multiplex operator posted a standout quarterly performance, with consolidated net profit jumping over two-fold to ₹263.1 crore against ₹105.5 crore in the prior-year period. Revenue from operations rose 16.97% YoY to ₹2,105.1 crore, supported by strong admissions and a robust slate of releases across languages.
• Siemens: The engineering and industrial solutions company reported a 3.9% YoY increase in net profit to ₹504 crore for the quarter. Revenue from operations advanced 17% YoY to ₹5,734 crore, though EBITDA margin contracted to 10.9% from 12.4% due to higher input costs.
• Blue Dart Express: The express logistics major reported a 28.4% YoY rise in net profit to ₹104 crore, up from ₹81 crore in the corresponding period last year. Revenue from operations expanded 14.5% YoY to ₹1,774 crore.
• Whirlpool of India: The consumer appliances manufacturer registered a 39% YoY drop in Q2 net profit as cost upcharges and expense pressures weighed heavily on operating margins.

📍 ACQUISITION & JOINT VENTURES

• Adani Enterprises: ACX, a joint venture of Adani Enterprises and Vizag Mega Data Center Park Limited (VMDCPL), finalized its share purchase agreement with Adani Infra (India) Limited. Following the transaction's completion, VMDCPL has officially become a joint venture entity of the company to accelerate data center infrastructure delivery.

📍 MANAGEMENT CHANGE

• Wipro: The IT services major has appointed Angan Guha as President and Chief Executive Officer of its Americas 2 Strategic Market Unit, effective December 8, 2026. Guha will report directly to Wipro Chief Executive Officer and Managing Director Srini Pallia.

📍 EARNINGS WATCH

• Upcoming Q2 Results: Market participants will monitor second-quarter earnings announcements from companies including Kalyan Jewellers, MRF, Cochin Shipyard, and Avanti Feeds.