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    GLOBE INTERNATIONAL CARRIERS LTD Q3 RESULTS

    Asian Paints Q1 Results: Cons PAT drops 24% YoY to Rs 1,170 crore; misses estimates

    Asian Paints Q1 Results: The paint manufacturer experienced a 2.3% decrease in consolidated revenue from operations for Q1FY25, reaching Rs 8,943 crore, compared to Rs 9,154 crore in the same quarter of the previous year. Standalone net sales also saw a decline of 2.9%, amounting to Rs 7,853 crore. Profitability was also impacted, with the company's consolidated PBDIT falling by 20.2% to Rs 1,694 crore from Rs 2,121 crore in the previous year. This decline resulted in a PBDIT margin of 18.9%, down from 23.2% in the corresponding quarter of the last financial year.

    Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO

    The Q1 has typically been HCL's weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something like 18% and Q3 is the peak, which goes to 19% plus and then the Q4 again comes back to that same second-quarter level

    HCLTech Q1 net profit up 6.8% at Rs 4,257 crore; beats estimates

    HCLTech's profit rose 6.8% to Rs 4,257 crore, driven by $70 million non-core income. EBIT, revenue declined. TCS earnings boosted stocks. CEO Vijayakumar noted Q2 State Street impact, steady FY25 guidance. Dividend declared. Headcount fell by 8,080, Q3 margins to improve. $1.96 billion bookings, 200 GenAI concepts. CFO Prateek Aggarwal cited robust cash flow. Shares closed at Rs 1560.40.

    HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill

    India’s third IT major HCLTech’s Q1 profit is up 20% to Rs 4,257 crore. This and more on today’s ETtech Top 5.

    Q4 results: Stable costs boost India Inc. profits

    Steady costs and firm domestic demand supported corporate performance in the March quarter.

    As Modi 3.0 begins, where the economy stands, where it's headed

    Narendra Modi is set to begin his third term as PM with a full-strength NDA team, amidst optimism for India's economic future. RBI Governor Shantikanta Das highlighted the country's robust economic growth, strong manufacturing sector, recovering rural demand, and promising investment activity. India's external sector remains resilient, with positive growth prospects ahead.

    The Economic Times
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