Overview
- Maruti Suzuki reported consolidated net profit of Rs 3,879 crore with a one-time Rs 594 crore provision for the new labour codes as record quarterly sales lifted revenue to roughly Rs 49,900 crore.
- TVS Motor delivered its highest-ever quarter, with standalone revenue at Rs 12,476 crore and PAT at Rs 940 crore, despite a modest exceptional charge linked to labour-law provisions.
- Tata Motors’ consolidated revenue rose to Rs 21,847 crore while net profit fell 48% year-on-year to Rs 705 crore due to exceptional items including a Rs 603 crore labour-code impact and a Rs 962 crore demerger charge.
- Vedanta’s consolidated net profit surged 124% sequentially to Rs 7,807 crore on stronger commodity realizations, higher zinc and aluminium volumes, and easing cost pressures.
- Outside autos and metals, Adani Power’s PAT declined to Rs 2,488 crore on lower one-time income and REC’s profit was largely steady as the lender approved a third interim dividend.