L&T, Hero MotoCorp to react to Q2 results

Larsen & Toubro (L&T) reported 13.31% rise in consolidated net profit to Rs 2527.26 crore on 14.67% rise in total income to Rs 36143.65 crore in Q2 September 2019 over Q2 September 2018. The result was announced after market hours yesterday, 23 October 2019.

Hero MotoCorp reported 9.98% fall in consolidated net profit to Rs 879.45 crore on 16.53% fall in total income to Rs 7838.83 crore in Q2 September 2019 over Q2 September 2018. The result was announced after market hours yesterday, 23 October 2019.

HCL Technologies reported 19.4% rise in net income to Rs 2651 crore on 6.7% rise in revenue to Rs 17528 crore in Q2 September 2019 over Q1 June 2019. The board of directors also recommended issue of one bonus share for every one equity share held by the equity shareholders of the company. The announcement was made after market hours yesterday, 23 October 2019.

Biocon reported 39.19% fall in consolidated net profit to Rs 215.70 crore on 7.28% rise in total income to Rs 1678.10 crore in Q2 September 2019 over Q2 September 2018. The result was announced after market hours yesterday, 23 October 2019.

Torrent Pharmaceuticals reported 36.31% rise in consolidated net profit to Rs 244 crore on 7.09% rise in total income to Rs 2039 crore in Q2 September 2019 over Q2 September 2018. The result was announced after market hours yesterday, 23 October 2019.

ITC and Maruti Suzuki India will announce their quarterly results today, 24 October 2019.

Shares of MTNL will be in focus. The Union Cabinet on Wednesday, 23 October 2019, approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by raising of bonds with sovereign guarantee, reducing employee costs, monetisation of assets and in-principle approval of merger of BSNL & MTNL.

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