Tata Coffee: The company reported a 172% year-on-year (YoY) growth in net profit at Rs 147 crore for the second quarter of the financial year 2022-23 on the back of improved plant performance and the instant coffee business. One-time exceptional income on disposal of a non-core property. Consolidated revenue surged by 31% YoY to Rs 718.3 crore during the quarter led by higher realisations in all businesses.

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Star Housing Finance: The company announced that the board of directors had approved the sub-division of a share (face value of Rs 10) into two fully paid-up shares (face value of Rs 5), and also the issue of one bonus equity share for every fully paid-up equity share.

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Aster DM Healthcare: A subsidiary of Aster Pharmacies Group LLC entered into a joint venture agreement with Abdulmohsen Al Hokair Holding Group to establish and operate a pharmacy chain in Saudi Arabia to market pharmaceutical products under the ‘Aster Pharmacy’ brand.

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SJVN: A unit of SJVN Green Energy and Assam Power Distribution Company (APDCL), signed a Memorandum of Understanding (MoU) to develop 1,000 MW floating solar power projects in Assam.

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Indowind Energy: The company recorded a net profit of Rs 3.91 crore for the second quarter of the financial year 2022-23, up 587% on a strong topline. Revenue during the quarter grew by 65% to Rs 14.7 crore compared to the corresponding period a year ago. In the half year ended in September of the financial year 2022-23, net profit increased by 249% to Rs 5.61 crore and revenue rose by 48% to Rs 22.5 crore compared to the same period a year ago.

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Spandana Sphoorty Financial: The non-banking finance company has turned profitable in the second quarter of the financial year 2022-23 with a net profit of Rs 49.5 crore against a loss of Rs 222.68 crore in the previous quarter and a loss of Rs 58.87 crore in Q2FY22. Revenue fell 24.5% year-on-year to Rs 281 crore but grew by 21% sequentially.