Pine Labs increased net profit in the second quarter by 6.5 times; Cognizant revised its growth forecast for 2026

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%.

The metallurgical and mining giant Vedanta Ltd reported significant growth in its performance for the second quarter of the fiscal year 2027. The company's net profit increased by 151 percentage points, reaching 6,202 crore rupees.

During this quarter, the company's revenue grew by 57%, amounting to 25,812 crore rupees, while the EBITDA metric reached a record high of 9,938 crore rupees. These results were presented on a consolidated after-tax basis (PAT).

Consolidated Profit After Tax (PAT) for the quarter ending in September 2026 was 6,202 crore rupees, more than double the figure of 2,471 crore rupees recorded in the same quarter of the previous fiscal year. Total revenue also showed a 57% increase, reaching 25,812 crore rupees compared to 16,445 crore rupees last year.

The company stated in its announcement that EBITDA in Q2FY27 reached a record 9,938 crore rupees, showing a 17 percent quarter-on-quarter growth. This growth is attributed to favorable market and regulatory factors, as well as volumes, marketing, and other advantages, although some growth was offset by increased costs.

Furthermore, the company's net debt decreased by 4,624 crore rupees quarter-on-quarter, standing at 3,675 crore rupees compared to 8,299 crore rupees in June 2026. This reduction was primarily driven by cash flow from operating activities. In the September 2026 quarter, Vedanta generated free cash flow before capital expenditures of 5,803 crore rupees, which is higher than 4,412 crore rupees in Q1 FY27.

From July to September 2026, the company invested 1,135 crore rupees in capital expenditures for growth, accumulating a total investment of 2,283 crore rupees in the first half of the current fiscal year. Arun Misra, CEO of Vedanta Ltd, noted that the company demonstrated strong operational results, including a record production of mined metals amounting to 271 thousand tonnes and the best refined metal production figure for the first half in Zinc India.

He also mentioned the successful commissioning of Gamsberg Phase II in Zinc International, record chrome ore production, and 100% raw material assurance in FACOR, as well as the highest quarterly cathode output in Copper India. Misra added that the capital expenditure of 1,135 crore rupees in the second quarter was directed towards developing growth projects, expanding capacities, exploring deposits, and securing the resource base across the portfolio.

The company reported that the Zinc India business achieved a record production of mined metals in the second quarter, totaling 271 thousand tonnes, which is 5 percent higher than last year. Meanwhile, silver production increased by 20 percent, reaching 173 tonnes for the quarter. Copper sales in Copper India for the September quarter amounted to 52 thousand tonnes, which is 16 percent higher compared to the same period last year.