ORTEL COMMUNICATIONS LTD Q2 RESULTS
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Tech Mahindra shares tumble over 5% after lower-than-expected Q1 performance. Should you invest?
Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.
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Tech Mahindra Q1 Results: Profit jumps 23% YoY to Rs 851 crore, misses estimates
Tech Mahindra Q1 Results: Tech Mahindra reported a 23% year-on-year growth in consolidated net profit to Rs 851 crore for the June quarter, slightly below the expected Rs 892 crore. Revenue from operations declined 1% YoY to Rs 13,005 crore. Sequentially, profit after tax rose by 28% and revenue increased by 1%.
![Tech Mahindra Q1 Results Preview: Revenue may fall 2% YoY on seasonal impact; deal wins to be muted](https://img.etimg.com/thumb/msid-111984451,width-100,height-75,resizemode-4/markets/stocks/earnings/tech-mahindra-q1-preview-revenue-may-fall-2-yoy-on-seasonal-impact-deal-wins-to-be-muted.jpg)
Tech Mahindra Q1 Results Preview: Revenue may fall 2% YoY on seasonal impact; deal wins to be muted
According to an average estimate from four brokerages, revenue for the reporting period is expected to decline by 1.6% year-on-year. However, sequential revenue growth is projected to be between 0.3% and 0.9%. Meanwhile, the reported net profit for the April-June 2024 period is anticipated to increase by 24% year-on-year, based on the same average estimate from the brokerages.
![Paytm Q1 Results: Consolidated loss widens to Rs 839 crore, revenue plunges 36% YoY](https://img.etimg.com/thumb/msid-111853607,width-100,height-75,resizemode-4/markets/stocks/earnings/patm-q1-results-cons-loss-widens-to-rs-839-crore.jpg)
Paytm Q1 Results: Consolidated loss widens to Rs 839 crore, revenue plunges 36% YoY
Paytm Q1 Results: One 97 Communications, the parent company of Paytm, reported a widened cons loss of Rs 838.9 crore in the June quarter, compared to Rs 357 crore in the same quarter last year. Revenue for Q1 declined by 36% YoY to Rs 1,502 crore from Rs 2,342 crore in Q1 FY24. Despite this, the company indicated that its revenue and EBITDA, excluding the ESOP loss of Rs 545 crore, met its guidance.
![Paytm shares jump over 6% post Q1 results](https://img.etimg.com/thumb/msid-111859000,width-100,height-75,resizemode-4/markets/stocks/news/paytm-shares-jump-over-6-post-q1-results.jpg)
Paytm shares jump over 6% post Q1 results
At 2:15 PM, the stock was trading 4% higher at Rs 462.7 on the BSE. Despite a 23% increase over the past three months, it has fallen 45% over the past year. Technically, the stock's relative strength index stands at 55.8. The MACD is at 19.4, positioned above its center and signal line, suggesting a bullish trend.
![Wipro Q1 results preview: Net profit may rise 4% year-on-year; revenue to fall due to continued weakness in verticals](https://img.etimg.com/thumb/msid-111833688,width-100,height-75,resizemode-4/markets/stocks/earnings/wipro-q1-results-preview-net-profit-may-rise-4-year-on-year-revenue-to-fall-due-to-continued-weakness-in-verticals.jpg)
Wipro Q1 results preview: Net profit may rise 4% year-on-year; revenue to fall due to continued weakness in verticals
Wipro Q1 Results: Wipro's Q1 revenue likely to decline by 2% year-on-year, with net profit expected to grow by 4%. Analysts are keeping an eye on consulting business performance and large deal pipeline. Company aiming for cost containment and efficiency measures to boost margins.
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Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
Tata Communications Q1 results: PAT jumps nearly 13% YoY to Rs 333 crore, revenue surges 18%
Tata Communications reported a 12.8% YoY increase in PAT for Q1FY25, with revenue surging to Rs 5,633.4 crore. The CEO AS Lakshminarayanan is confident of medium-term growth, having expanded product capabilities and increased customer relevance.
Infosys Q1 earnings; payment cos seek UPI sops
IT major Infosys logged a rise in profits for the first quarter of FY25. This and more on today’s ETtech Top 5.
Infosys Q1 Results: PAT jumps 7% YoY to Rs 6,368 crore, revenue rises 4%
Infosys Q1 Results: The revenue from operations for the quarter stood at Rs 39,315 crore, reflecting a 3.6% rise from Rs 37,933 crore in the same quarter of the previous financial year. However, on a sequential basis, consolidated net profit was down by 20.1% over Rs 7,975 crore reported in Q4FY24. In its guidance, the second-largest IT company expects revenue growth of 3%-4% in constant currency for FY25.
Paytm Q1 results preview: Revenue may fall by up to 36%, net loss likely to widen
One 97 Communications, operating Paytm, could report a net loss between Rs 1,013 crore and Rs 840 crore and a revenue between Rs 1,532 crore and Rs 1,490 crore for June 2024, according to estimates by two brokerages.
LTIMindtree Q1 net profit up 3.1% at Rs 1,135 crore
LTIMindtree's Q1 FY25 results show a 3.1% net profit growth but missed estimates. North America revenue contribution grew to 75.1% in the first quarter of this fiscal – highest since the official merger between the erstwhile IT firms, LTI and Mindtree. On a sequential basis, revenue grew 2.8%.
LTIMindtree Q1 Results: Cons PAT falls over 1% YoY to Rs 1,134 crore; revenue rises 5%
LTIMindtree Q1 Results: The company reported revenue from operations of Rs 9,143 crore for the quarter, marking a 3% sequential increase compared to the previous quarter. In USD terms, revenue reached $1,096.2 million, representing a 3.5% YoY growth and a 2.5% quarter-over-quarter (QoQ) increase.
Tata Elxsi posts 2.5% dip in Q1 profit, revenue rises 9%
Tata Elxsi's Q1FY25 net profit declined 2.5% YoY to Rs 184.1 crore, impacted by weaker healthcare, life sciences, and media segments. Revenue rose 9% YoY to Rs 926.5 crore. Operating margins fell, Europe share rose to 42.2%. Headcount decreased by 257, attrition improved to 12.3%. CEO Raghavan noted strong transportation sector. Shares increased 1.4%.
Tata Elxsi Q1 Results: Net profit falls 3% YoY to Rs 184 crore
Tata Elxsi Q1 Results: Revenue from operations for the reporting period grew by 9% year-on-year, reaching Rs 926 crore compared to Rs 850 crore in the same period last year. Sequentially, net profit for the quarter dropped by 6% from Rs 196 crore in the preceding December quarter. However, revenues increased by 2% quarter-on-quarter. Total expenses for the first quarter rose by 13% year-on-year to Rs 706 crore, compared to Rs 624 crore in the same quarter last year.
Q-comm audits; modest Q1 for IT firms
Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.
Paytm shares drop 3% after Q4 results. Should You buy or sell?
Paytm's Q4 results show widened losses and reduced revenue, impacted by disruptions and regulatory actions. Analysts vary: Bernstein sees signs of recovery, Macquarie remains cautious, Motilal Oswal maintains a neutral stance, while JM Financial advises selling.
Paytm shares rally 5% despite widening net loss in Q4
Despite widened net loss and a revenue drop in Q4, Paytm's shares closed near a 5% upper circuit. Impact of disruptions from UPI transition and Paytm Payments Bank embargo cited. Impairment provision of Rs 227 crore for investment in PPBL recorded.
Paytm employees warned of potential job losses after hit from RBI probe
Paytm, the Indian fintech pioneer, signalled job cuts and asset trimming after reporting its first sales decline on record due to a regulatory probe. The company's net losses surged to 5.5 billion rupees, with revenue dropping by 2.6%. Paytm aims to recover by streamlining operations and focusing on core businesses.
Bharti Hexacom Q4 Results: Bharti Airtel arm reports 10% YoY PAT jump to Rs 223 crore
Bharti Hexacom Q4 Results: The company reported a PAT of Rs 202 crore in the year-ago period. Its revenue from operations was reported at Rs 1,868 crore for the quarter, an 8% jump YoY. It is the company's first quarterly earnings since its listing in April.
LTIMindtree Q4 Results: Net profit falls marginally to Rs 1,100 crore, misses St estimates
LTIMindtree Q4 Results: Revenue from operations in the January-March period rose 2% year-on-year (YoY) to Rs 8,893 crore. The same stood at Rs 8,691 crore in the same period last year.
Tata Elxsi Q4 Results: Net down 4.5% QoQ to Rs 197 crore; company added 1,500 employees in FY24
The engineering service provider also saw its Q4 revenue at Rs. 905.9 crore, down by 0.9% QoQ. This the first time after Q1 of FY21, where the company saw a sequential revenue decline. For the full fiscal its revenue grew by 13% on-year at Rs 3,552 crore.
How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings
India VIX surged 17%, prompting trading strategies for Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance, and HUL. Technical analysis indicated positive market movements with RSI and stochastic indicators. Watch for Iran-Israel developments and India VIX levels at 15.
Wipro Q4 Results: Profit falls 8% YoY to Rs 2,835 crore, marginally misses estimates
Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.
Tata Communications Q4 Results: Profit drops 1.5% YoY to Rs 321 crore; revenue jumps 25%
Tata Communications Q4 Results: The Board of Directors has also recommended a final dividend of Rs 16.70 per share for the financial year ended March 31, 2024. As per the latest financial report submitted to the exchanges, the company's EBITDA rose by 2% to Rs 1,056 crore in contrast to the EBIT margin, which declined from 23% to 19%.
Q4 results today: Tata Communications, Angel One among 10 companies to announce earnings
March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.
TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimates
TCS Q4 Results: Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. On a sequential basis, profit after tax jumped 12%, compared with Rs 11,058 crore clocked in the preceding December quarter. Revenues were up 1% quarter-on-quarter (QoQ).
Paytm Q2 Results: Loss narrows to Rs 290 crore; revenue jumps 32% YoY
EBITDA (before ESOPs) further improved in the second quarter to Rs 153 crore as against Rs 84 crore in the first quarter.
Tata Communications shares fall 3% after Q2 profit plunges 58% YoY
Tata Communications’ fall in net profit comes even as revenue from operations saw a 10% jump on-year to Rs 4872.5 crore in the September quarter as compared to Rs 4430.74 crore in the corresponding quarter of last year
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