Corporate Earnings and Business Updates: Reliance, Lodha Developers, and Quess Corp Post Q2 Results

A series of corporate earnings and business developments for the second quarter have been reported across key sectors in the Indian market, reflecting varied performances among major listed firms and developers.

Mumbai-based realty firm Lodha Developers announced that its sales bookings rose 10 per cent to Rs 5,037 crore in the second quarter of the fiscal year, supported by consistent housing demand despite global uncertainties. According to the company's investor presentation, cumulative sales bookings or pre-sales for the first six months of the fiscal year grew by 7 per cent to reach Rs 9,670 crore. The developer has maintained an annual sales booking target of Rs 24,000 crore for the current fiscal, compared to Rs 20,530 crore in the 2025-26 financial year.

In the energy sector, NTPC Green Energy announced the commercial operation of a 95.6 MW capacity segment of the Kalasar Solar Energy Project, situated in Bikaner, Rajasthan. With this addition, regulatory filings indicate that the total installed capacity of the NTPC group stands at 91,668 MW, while its commercial capacity has reached 90,588 MW.

Reliance Industries reported its highest-ever quarterly consolidated profit and revenue for the September quarter, driven by performance across its oil-to-chemicals (O2C) and Jio businesses. Consolidated net profit for the quarter rose 33.8 per cent year-on-year to a record Rs 29,550 crore, while revenue increased 27.8 per cent to an all-time high of Rs 3.62 lakh crore. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew by 23.9 per cent to a record Rs 62,409 crore.

Other notable corporate updates include Quess Corp, which posted a 44 per cent increase in net profit to Rs 74.66 crore alongside a 14.74 per cent growth in revenue, while declaring a dividend of Rs 5 amid a total headcount exceeding 500,000 employees. Meanwhile, JioStar reported a 13.2 per cent drop in profit after tax (PAT) to Rs 1,147 crore, even as its revenue climbed 10 per cent, aided by subscriptions, digital advertisements, and international sports monetisation.

Additionally, Syrma SGS announced it is eyeing $1 billion in revenue for the next fiscal year following a record second quarter, navigating H1 growth amidst component shortages and printed circuit board (PCB) bottlenecks. A large number of other companies, including NTPC, Muthoot Finance, Shyam Metalics and Energy, Sarda Energy and Minerals, Zen Technologies, and Rainbow Children's Medicare, also scheduled their respective Q2 results announcements.

"The latest second-quarter results indicate a resilient domestic business environment, particularly demonstrated by strong consumer demand in real estate and record-breaking performances by diversified conglomerates. For the broader business ecosystem, these figures highlight how established enterprises are successfully managing operational scale and market uncertainties. Startups and mid-sized enterprises can take valuable lessons from these trends by focusing on core revenue diversification, disciplined capital management, and execution capabilities during periods of broader economic fluctuation." — Dr. Shishir Gupta, Founder & CEO, StartupLanes