Delhivery reports net profit of 41 crore rupees in the second quarter of fiscal year 27
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Delhivery reports net profit of 41 crore rupees in the second quarter of fiscal year 27

Logistics company Delhivery announced a net profit of 40.63 crore rupees for the second quarter of fiscal year 27. This figure is significantly different from the loss of 50.49 crore rupees recorded in the same quarter of the previous fiscal year.

The company's revenue increased by 19.8%, reaching 3066.38 crore rupees compared to 2559.3 crore rupees a year earlier. In its statement, Delhivery noted that the company managed to demonstrate strong results despite inflationary pressures.

The volume of express parcels showed a year-on-year growth of 32%, totaling 325 million shipments in the second quarter. The partial truck loading segment also demonstrated a year-over-year growth of 14%.

The company reported that its new ventures are developing faster than initially planned. The Delhivery Local service, which is an on-demand in-city courier and logistics service, is now operational in eight cities and is on track to exceed the initial annual revenue forecast of 250 crore rupees by the fourth quarter of fiscal year 27, as well as improving margins.

Furthermore, the Financial Service division has begun early monetization of its supplier ecosystem and is developing co-lending partnerships to expand financial access for supplier partners using a low capital expenditure approach. Delhivery also noted that early investments in artificial intelligence are beginning to bear fruit, reflected in increased sales productivity, improved customer registration processes, and faster dispute resolution and fraud detection.

Delhivery Robotics' internal automation lab has started manufacturing custom autonomous vehicles for in-site operations. The company has also begun testing robotic systems within rooftop operations in collaboration with global leaders in physical artificial intelligence.

Despite the unstable macroeconomic environment caused by rising fuel prices, labor availability issues, and numerous legislative changes, Delhivery expressed confidence in the upcoming second half of the fiscal year. The company emphasized that the service level of its network reached its best performance before the holiday season, contributing to increased profitability.

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Brigade Group's profit rose by 29% in the second quarter to 219 crore rupees, while revenue decreased by 12.6%
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Brigade Group's profit rose by 29% in the second quarter to 219 crore rupees, while revenue decreased by 12.6%

Brigade Enterprises Ltd, based in Bangalore, reported a rise in net profit of 28.8% to 219 crore rupees in the second quarter of fiscal year 27 (Q2FY27) compared to the same period last year. This growth is attributed to stable demand that aligns with the launch of new projects.

However, the company's revenue, which focuses on South India, declined by 12.6% year-on-year (Y-o-Y), reaching 1,250 crore rupees compared to 1,430 crore rupees in the corresponding quarter of the previous year. This was reported in the stock exchange filing published on Thursday with results for the September quarter.

Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) increased by 27.5% in Q2FY27, reaching 478 crore rupees, compared to 375 crore rupees in the corresponding quarter of the previous fiscal year.

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Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, noted that residential segments continue to drive growth, supported by sustained demand and a strong project portfolio. She emphasized that customers are increasingly prioritizing quality, location, larger homes, and improved amenities, and the company continues to observe steady demand in both mid-range and premium segments. Furthermore, the festive season boosted customer engagement in the residential and retail businesses.

The group stated that project launch rates are gaining momentum, with property sales for the quarter reaching 1,827 crore rupees across a volume of 1.3 million square feet (msf). Shankar added that the company is prepared to sustain this momentum and ensure stable long-term growth. Brigade Enterprises shares fell by 1.39% and closed at 531 rupees on the BSE on Thursday.

During the quarter, the company launched projects totaling 2.4 msf with a Gross Development Value (GDV) of approximately 3,000 crore rupees. Brigade's portfolio generated revenue of 760 crore rupees, with an Ebitda of 175 crore rupees, which is 59% higher than in Q2FY26, at a margin of 23%.

Revenue from the rental business amounted to 329 crore rupees, with an Ebitda of 242 crore rupees, which is 9% higher than in Q2FY26, with a margin of 74%. As of September 2026, occupancy reached 90%. In the hospitality segment, which includes hotels the company builds for brand management, revenue in Q2FY27 was 161 crore rupees, and Ebitda was 59 crore rupees, which is 41% higher than in Q2FY26, with a margin of 37%.

Havells India's net profit grew by 9.7% to 349 crore rupees in the second quarter amid a 34.6% revenue increase
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business-standard.com

Havells India's net profit grew by 9.7% to 349 crore rupees in the second quarter amid a 34.6% revenue increase

Havells India, a manufacturer of consumer electrical goods, reported on Thursday a year-on-year growth of consolidated net profit by 9.72%, reaching 349.22 crore rupees for the September quarter of fiscal year 27. This growth was driven by an increase in revenue.

According to Havells India's regulatory filings, in the July-September period of the previous year, the company recorded a consolidated net profit of 318.28 crore rupees. In the September quarter of fiscal year 27, the company's operating revenue increased by 34.57%, amounting to 6,432 crore rupees, compared to 4,779.33 crore rupees in the same period last fiscal year.

Havells' total expenses amounted to 5,991.98 crore rupees, which is 34.47% higher than the previous year. Chairman and Managing Director Anil Rai Gupta noted that the second quarter demonstrated strong business performance, including revenue growth of about 35% year-on-year and EBITDA growth of about 30%, despite stable demand amidst inflation.

Despite ongoing macroeconomic uncertainties, Anil Rai Gupta expressed optimism regarding the upcoming festive season. In the September quarter, Havells' switchgear business segment showed a revenue growth of 31.3% to 782 crore rupees. This growth was supported by increased domestic demand and the recovery of exports after disruptions in June.

The cables segment demonstrated impressive revenue growth of 47.9%, reaching 2,999 crore rupees. The growth was ensured by price increases related to raw materials, as well as a shift in the product portfolio towards larger cables. Revenue from lighting fixtures and lamps increased by 7% to 449 crore rupees due to improved demand and price stabilization.

The Consumer Electrical Goods (ECD) segment increased revenue by 10.7%, reaching 1,072 crore rupees, with growth observed across all product categories. Havells' renewable energy business continued to scale rapidly, doubling its revenue to 329 crore rupees in the September quarter, reflecting the expansion of this area. Lloyd Consumer, a consumer goods division acquired by Havells in 2017, increased revenue by 28.4% to 615 crore rupees due to increased sales volume and price hikes.

Havells India' total revenue, including other income, stood at 6,464.60 crore rupees, which is 32.86% higher in the second quarter of fiscal year 27. On Thursday, Havells India Ltd shares closed at 1,075.60 rupees on the BSE, showing a rise of 0.42% compared to the previous close.

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