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DLF reports strong Q2 profit growth amid project launch anticipation

DLF's stock surged over 5% following a 121% year-on-year increase in consolidated net profit to Rs 1,387 crore for Q2, aided by a Rs 606 crore reversal of deferred tax liabilities due to a tax rate change. Revenue also rose 48% to Rs 2,181 crore, although pre-sales fell short of expectations due to approval delays. Market focus is now on the upcoming launch of the LUX5 project.

stocks to watch as quarterly earnings season heats up

ICICI Bank, Waaree Energies, IndiGo, Inox Wind, DLF, Lodha, Bandhan Bank, Coal India, and ITD Cementation are set to be in focus on Monday. Additionally, Bharti Airtel, Sun Pharmaceutical, BHEL, Adani Power, Punjab National Bank, and several others will report their quarterly earnings on October 28.

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
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