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Larsen & Toubro: The infrastructure major has reported a robust 24 percent year-on-year growth in consolidated profit at Rs 2,553 crore despite weak operating margin performance. Consolidated revenues at Rs 46,390 crore for the quarter grew by 17 percent YoY aided by improved execution in the infrastructure projects segment and continued growth momentum in the IT&TS portfolio. The company received orders worth Rs 60,710 crore during the quarter, a 21 percent YoY growth, taking the consolidated order book to Rs 3.86 lakh crore as of December FY23.

Tech Mahindra: The IT services company has clocked a 0.9 percent sequential growth in consolidated profit at Rs 1,297 crore for quarter ended December FY23, with revenue rising 4.6 percent QoQ to Rs 13,735 crore, beating analysts' estimates. Revenue in dollar terms grew by 1.8 percent QoQ to $1,668 million with constant currency revenue growth at 0.2 percent. Operating numbers were ahead of expectations while deal wins at $795 million for the quarter.

Bharat Petroleum Corporation: The state-owned oil retailer clocked a standalone profit of Rs 1,960 crore for December FY23 quarter against a loss of Rs 304.2 crore in the previous quarter, with strong operating performance amid a fall in oil prices. Revenue grew by nearly 4 percent sequentially to Rs 1.19 lakh crore.

REC: The power projects finance company has recorded a 4 percent year-on-year growth in standalone profit at Rs 2,878 crore for quarter ended December FY23, with a weak topline. Standalone revenue from operations at Rs 9,695 crore fell by 3.1 percent compared to the year-ago period.

IIFL Finance: The company has clocked a massive 37 percent year-on-year growth in profit at Rs 423.2 crore for the quarter ended December FY23, with revenue from operations rising 18 percent YoY to Rs 2,121 crore for the quarter. Pre-provision operating profit at Rs 773 crore grew by 26 percent YoY. Overall core loan portfolio grew by 26 percent YoY, but the non-core (primarily construction and real estate finance) portfolio shrunk by 7 percent. Asset quality improved with gross non-performing assets (NPA) falling 30 bps QoQ to 2.1 percent and net NPA declining 10 bps QoQ to 1.1 percent for the quarter.

Adani Enterprises: International Holding Company, the diversified Abu Dhabi-based conglomerate, will be investing $400 million in Adani Enterprises' further public offering (FPO), through its subsidiary Green Transmission Investment Holding RSC Limited. The Rs 20,000 crore FPO was subscribed 3 percent on the second day of bidding.

KEC International: The infrastructure EPC major and an RPG Group company secured new orders of Rs 1,131 crore across various businesses including transmission and distribution, and civil segment. With these orders, the YTD order intake stands at over Rs 15,500 crore, a growth of 10 percent YoY.