IRB Infrastructure's profit jumps 85% in second quarter

According to a report by Business Standard, IRB Infrastructure Developers recorded a year-on-year increase of 84.85% in its consolidated net profit in the second quarter of the financial year 2026-27. The company's profit for the quarter rose to ₹260.15 crore. The primary reasons behind this significant growth were a strong increase in toll revenue and higher distribution amounts received from the company's InvIT portfolio.

On the other hand, according to a report by Sandesh, Torrent Power has also declared splendid results for the second quarter of the financial year 2026-27. During July to September 2026, the company's consolidated revenue increased by 24% to ₹9,801.58 crore, compared to ₹7,876 crore in the same period last year. Profit after tax rose by 13% to ₹837.96 crore, from ₹741.55 crore previously. The company's EBITDA increased by 26% to ₹1,988 crore, compared to ₹1,584 crore last year.

Torrent Power's Adjusted EBITDA saw a growth of 29%, which includes a principal recovery of ₹54 crore related to the Nabha acquisition. Profit before tax stood at ₹1,130.73 crore. The company's earnings per share (EPS) increased to ₹16.28, from ₹14.36 previously. In the six months from April to September 2026, the company's revenue increased by 14% to ₹17,925.73 crore and profit stood at ₹1,499.81 crore. The EPS for this period was recorded at ₹28.95.

The company stated that the increase in revenue was due to the renewable energy portfolio, distribution business, and the Nabha acquisition. However, finance costs increased due to higher borrowings. Torrent Power has a total capacity of 6.8 GWp, comprising 2.7 GW gas, 2.3 GWp renewable, and 1.8 GW coal-based. The company is currently developing 4.3 GWp renewable, 3 GW pumped storage, and 1.6 GW coal-based projects. It supplies electricity to 42.9 lakh customers across Ahmedabad, Gandhinagar, Surat, Dahej SEZ, and Dholera SIR, as well as in Maharashtra and Uttar Pradesh.

According to a report by Businessline, Awfis Space Solutions Limited's consolidated profit in the September quarter increased by 93% to ₹30.8 crore, from ₹15.97 crore previously. Due to the demand for managed workspaces, total revenue increased from ₹392.97 crore to ₹464.29 crore. During April-September 2026, profit increased from ₹25.95 crore to ₹54.76 crore and revenue from ₹746.01 crore to ₹913.16 crore.

The company's CMD Amit Ramani stated that steady performance was achieved due to the demand for offices from large companies and GCCs. By adding 6 new centres in the September quarter, a total of 254 centres and 1,74,000 seats became available across 18 cities. Portfolio occupancy remained at 76.2%. Additionally, according to the Times of India (Ahmedabad), Rajesh Power's H1 FY27 PAT increased by 35% to ₹79.22 crore.