PAREKH ALUMINEX LTD Q1 RESULTS
![The big Indian IT reset: green shoots in Q1 earnings](https://img.etimg.com/thumb/msid-111909261,width-100,height-75,resizemode-4/tech/information-tech/after-18-month-slump-it-sector-fortunes-seen-turning-the-corner.jpg)
The big Indian IT reset: green shoots in Q1 earnings
K Krithivasan, chief executive and MD at TCS, said during the Q1 earnings call that BFSI, its biggest vertical, returned to growth sequentially, along with all its markets and verticals except for CMI (communication, media and information).
![Infosys Q1 earnings; payment cos seek UPI sops](https://img.etimg.com/thumb/msid-111840229,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/infosys-q1-result-payments-firms-seek-share-in-government-sops.jpg)
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%](https://img.etimg.com/thumb/msid-111835027,width-100,height-75,resizemode-4/markets/stocks/earnings/infosys-q1-results-cos-pat-jumps-7-yoy-to-rs-6370-crore-revenue-rises-4.jpg)
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.
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Time to buy pharma? 3 stocks Forum Parekh is betting on
Zydus Life's US business is going to report a good set of numbers. Also, in India, wellness products are doing good, Overall Zydus Life will tend to report some 25% EBITDA margin. Therefore, Sharekhan By BNP Paribas has a buy call on Zydus Life with a price target of almost Rs 1200, says Foram Parekh
![Surprise poll results impact startups' plans, and other top stories this week](https://img.etimg.com/thumb/msid-110805815,width-100,height-75,resizemode-4/tech/newsletters/ettech-unwrapped/surprise-poll-results-impact-startups-plans-and-other-top-stories-this-week.jpg)
Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
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Stock Radar: Multibagger in 1 year! Momentum likely to continue in this capital goods stock; time to buy?
BEML surged 195%, hitting record highs. Traders advise holding for potential 5000 levels, supported by chart pattern, strong momentum, positive Q4 results, technical analysis, positive volume activity, and sustained outperformance against NIFTY.
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Infosys ADR slumps 3% on Q4 miss, softer FY25 guidance
"Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 billion in FY24," said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.
Infosys Q4 earnings; layoffs at Good Glamm group
India’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.
IT gives bears a bull hug: what is driving the rally in tech stocks?
Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in tech stocks? The answer lies in FY25, on which everyone is pinning their hopes.
TCS and Infosys log muted sales growth
At the post-results briefings, senior executives at Infosys and TCS said there were few signs of recovery in global demand for technology services, which has been buffeted by macroeconomic and geopolitical uncertainty for nearly two years now.
Infosys Q3 Results: Profit falls 7% YoY to Rs 6,106 crore; company revises FY24 revenue guidance
Infosys Q3 Results: Infosys reports a Q3 net profit of Rs 6,106 crore, down 7% YoY. Meanwhile, its Q3 revenue rose 1% to Rs 38,821 crore. The IT major revised revenue guidance for FY24 to 1.5%-2% in constant currency terms. It bagged $3.2 billion worth of large deals in Q3 and the attrition rate declined to 12.9%.
ETMarkets Smart Talk: Indian market expensive but money from MF SIPs making all the difference: Rakesh Parekh
The Indian market is supported by domestic savings channeled through mutual fund systematic investment plans (SIPs) and improving corporate profitability, despite expensive macro parameters. Domestic-facing sectors, especially capital goods and railways, are expected to outperform in terms of earnings growth. Rising US yields and geopolitical uncertainties are headwinds facing equity markets in the short term. The recent market correction is seen as healthy, and India is considered a long-term buy-on-dip market.
Infosys headcount drops by 7,530 in Q2, to roll out hikes from November 1
The company also said it has a significant fresher bench and does not see a need to visit campuses this year as of now. Infosys reported a decline of 6,940 last quarter as the company slowed down hiring.
Infosys Q2 Results: PAT rises 3% YoY to Rs 6,212 crore; firm trims FY24 revenue guidance
Infosys has reported a 3% YoY growth in consolidated net profit for the quarter ended September. The company's consolidated revenue also grew nearly 7% YoY. Infosys has tweaked its guidance for FY24, expecting revenue growth of 1.0-2.5% in constant currency terms. The company retained its operating margin target of 20-22%. Infosys announced large TCV deals worth $7.7 billion for the quarter and saw a decline in attrition rate.
Q2 results: These 17 companies are likely to report loss. What should investors do?
Restaurant Brands Asia, which runs Burger King India, is seen reporting a quarterly loss of Rs 15.7 crore. While Kotak has a 'reduce' rating on the stock, Motilal has given a buy rating.
In Q1, headcount at India’s top IT companies shrinks sharpest over past three years
Six leading Indian IT services companies that have announced first-quarter earnings recorded the sharpest contraction in headcount in the last three years in the April-June period.
Infosys Q1 Results: PAT rises 11% YoY to Rs 5,945 cr; firm sharply trims FY24 revenue growth guidance
Taking note of the uncertain global environment, the software major sharply cut its FY24 revenue growth estimate. Infosys now sees revenue growing just 1-3.5% in constant currency terms, against 4-7% earlier.
Q1 earnings: 26 companies that may report over 100% jump in profit
Domestic brokerage Motilal expects Nifty earnings to grow 25% YoY in Q1. Oil and gas sector may report a 3x surge in profit YoY underpinned by the improvement in marketing margins of OMCs. Auto sector’s earnings may surge 11x YoY during the quarter on a low base.
Future imperfect: how will FY24 pan out for the Indian IT industry
Extended deal closure periods, insourcing, large contract cancellations, vendor consolidation and project ramp-downs are now co-existing with large deal announcements and elevated outsourcing demands. Midway into the year, indecisive technology investment sentiments have not improved any further from where they stood at the beginning of the year. What does the rest of the year look like?
ITC Q4 results today: What to expect & how the Nifty topper stock may react
The ITC stock is expected to report strong growth in both net profit and volume in the March quarter. Investors are cautious over the company's weaker performing agri business due to the export ban.
ITC Q4 results today: What to expect & how the Nifty topper stock may react
The ITC stock is expected to report strong growth in net profit and 13% YoY volume growth in cigarettes, but investors are cautious over the company's weaker performing agri business due to the export ban.
Reliance Industries Q3 results impact: Should you buy, sell or hold the stock?
"O2C was the key driver for the earnings beat (QoQ O2C EBITDA +16%) and in our view, O2C (Refining, Petrochem) and E&P should remain the key earnings drivers in CY23 as consumer business growth slows down," said JP Morgan's Pinakin Parekh.
Infosys Q3 Results: Profit rises 13% YoY to Rs 6,586 crore; FY23 revenue guidance raised to 16-16.5%
“Our revenue growth was strong in the quarter, with both digital business and core services growing,” said Salil Parekh, CEO and MD of Infosys. “As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational partner for our clients.”
Infosys posts 13.4% rise in Q3 net profit, ups FY23 revenue growth guidance
But the Bengaluru-headquartered company's managing director, Salil Parekh, warned that there were signs of a "slowing global economy" that was delaying decision making in a few verticals.
TCS Q3 results today: How the stock may react & 5 things to watch out for
Dalal Street is estimating a sequential revenue growth of anywhere between 1-2% in constant currency terms. However, margins are expected to improve quarter-on-quarter (QoQ) due to easing of supply side pressure.
Infosys reports 11% rise in Q2 profit, sets $1.13 billion share buyback
Infosys's consolidated net profit rose to Rs 6021 crore in the three months ended Sept. 30, from Rs 5421 crore in the year-ago period
Infosys Q2 Results: Profit jumps 11% YoY to Rs 6,021 crore; dividend declared at Rs 16.50/share
Infosys Q2 Results: The board approved buyback of shares worth Rs 9,300 crores at Rs 1,850 a share. The board has also announced an interim dividend of Rs 16.50 a share.
Infosys Q1 Results: Profit up 3.2% YoY to Rs 5,360 crore; FY23 revenue guidance increased
India's second largest IT company reported a consolidated revenue of Rs 34,470 crore in Q1, which was higher than the analyst estimate of Rs 34,150 crore. On a YoY basis, the revenue jumped 23.6 per cent.
Infosys profit up 3.2% in Q1, revenue jumps 23.6%
ompany raises FY23 revenue growth guidance to 14-16% from 13-15% on strong demand pipeline.
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