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Infosys: The IT services company reported earnings (except topline) higher than analysts' estimates for Q2FY23 with profit climbing 12.3% sequentially to Rs 6,021 crore and revenue growing 6% QoQ to Rs 36,538 crore. Revenue in dollar terms increased by 2.5% QoQ to $4,555 million and the constant currency revenue growth was at 4% in Q2FY23. Company recorded robust large deal total contract value for the quarter at $2.7 billion, the highest in last 7 quarters, against $1.7 billion in previous quarter, while it revised constant currency revenue guidance to 15-16% for current financial year FY23, from 14-16% earlier, and expects operating margin for FY23 in the range of 21-22%, against 21-23% earlier.

Mindtree: The midcap IT services company reported earnings better than analysts' estimates for the quarter ended September FY23 with profit rising 7.9% sequentially to Rs 508.7 crore and revenue in rupee terms growing 8.9% QoQ to Rs 3,400.4 crore. The revenue in dollar terms grew by 5.7% QoQ to $422.1 million for the quarter, while the operating profit increased by 8.8% to Rs 650.6 crore and margin dipped to 19.13% in Q2FY23, from 19.2% in Q1FY23. Attrition rate dropped to 17.7% versus 24.5% on sequential basis.

Angel One: The company posted a 17.7% sequential growth in profit at Rs 213.6 crore for the quarter ended September FY23, with consolidated total income growing 9 percent QoQ to Rs 745.9 crore during the same period. It reported gross addition of around 1.2 million clients in Q2FY23, crossing 11 million mark in total client base during the quarter. The company announced second interim dividend of Rs 9 per share, which is equivalent to 35% of consolidated profit for the quarter.

Den Networks: The digital cable TV service provider has recorded a 27.7% year-on-year growth in consolidated profit at Rs 48.12 crore for the quarter ended September FY23 due to lower tax expenses and loss by associates, but revenue declined 11.6% to Rs 287.3 crore during the same period.

Anand Rathi Wealth: The company reported a 8.15% sequential growth in consolidated profit at Rs 42.95 crore for the quarter ended September FY23, and revenue grew by 3.4% to Rs 136 crore compared to year-ago period. Operating profit also registered a 8.4% QoQ growth at Rs 60.4 crore for the quarter.

HDFC Life Insurance Company: The company has received final approval from insurance regulator Insurance Regulatory and Development. Authority of India (IRDAI) for the merger of Exide Life Insurance with itself. The appointed date for the scheme of amalgamation is April 1, 2022 and the scheme will be effective from end of day on October 14, 2022.

Power Mech Projects: The company has received a Letter of Award worth Rs 499.41 crore from Bangalore Metro Rail Corporation. This project is received by the company in joint venture with RITES with 49:51 sharing.