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Corporate Earnings Strengthen with LTTS, RIL, REC, Havells and Nestlé Reporting Mixed Trends
Major Indian companies reported mixed Q2 results, with LTTS, RIL, REC and Havells posting growth while Nestlé India faced margin pressure.
India’s Q2 earnings season continued with varied performance across major listed companies. L&T Technology Services posted a net profit of ₹328 crore, up 2.8% year-on-year, as revenue rose 15.8% to ₹2,979.5 crore driven by North America and Europe demand. Reliance Industries reported a 10% rise in consolidated PAT to ₹18,165 crore alongside steady revenue growth, while Jio’s ARPU reached ₹211.4. REC Ltd delivered a 9% profit increase to ₹4,414.93 crore backed by stronger income streams.