VIVO BIO TECH LTD Q4 RESULTS
TCS, Infosys among 10 stocks with buy view from brokerages post Q1 results
The Nifty IT index has been a top performer, delivering nearly 4% returns over the past month. This recent rally was fueled by hopes of a Federal Reserve rate cut but began with broadly in-line April-June quarter earnings from IT companies. Tier 1 companies reported QoQ CC revenue growth ranging from -1.6% to 3.6%, with most surpassing estimates, according to Sharekhan.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
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
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.
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400
Ahead of the budget, Indian markets fell. Sensex dropped 355 points, Nifty50 by 148 points. Reliance fell 2.5% from lower fuel margins; HDFC Bank, the country's top private lender, rose 1% after beating profit forecasts; Wipro dropped 8% due to weak demand in Europe and Asia-Pacific. Mixed performance among key stocks in early trading.
Q1 results today: IDBI Bank, Suzlon Energy among 44 companies to announce earnings on Monday
IDBI Bank and Suzlon Energy are among 44 companies announcing first quarter results. IDBI Bank shows growth in deposits and advances, while Suzlon Energy reports a decline in profit. Stay informed about these companies' financial performance.
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UltraTech Cement Q1 Results: Cons PAT rises marginally to Rs 1,697 crore, revenue up 2% YoY
The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year. On a sequential basis, the cons PAT was down by 25% over Rs 2,258 crore reported by the cement maker in Q4FY24.
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.
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
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
Q1 results today: DMart among 14 companies to announce quarterly earnings
Other results to watch out for include Bhansali Engineering, Excel Realty N Infra, Geojit Financial Services, Hathway Bhawani Cabletel, J Taparia Projects, Kernex Microsystems, K&R Rail Engineering, Mishtann Foods among others.
HCL Tech’s weak Q1 revenue hints at demand concerns
HCL Tech's Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS.
HCL Tech Q1 Results: Cons PAT jumps 20% YoY to Rs 4,257 crore, beats estimates
HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant currency revenue increased 6% year-on-year but fell 1.6% quarter-on-quarter. EBIT increased 7% year-on-year to Rs 4,795 crore but decreased 4% quarter-on-quarter.
HCL Tech Q1 Results Preview: PAT may grow 6% YoY to Rs 3,745 crore, revenue uptick seen at 6.5%
Revenue for the quarter is projected to be Rs 27,997 crore, marking a 6.5% increase over the same quarter of the previous financial year, according to average estimates. Although the company is expected to report year-on-year growth in profit after tax (PAT), a sequential decline is anticipated due to project completions and reduced discretionary spending.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Grasim Q4 revenue at record Rs 37,727 crore
While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
Kaynes Technologies shares soar 40% in three days after Q4 results exceed Street expectations. Is it time to buy or sell
Kaynes Technologies' shares have surged over 40% in the past three trading sessions on the BSE following the company's robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.
GIFT Nifty down 5 points; here's the trading setup for today's session
The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Sterlite Tech Q4 Results: Co posts Rs 82 crore loss vs profit of Rs 63 crore a year ago
Broadband technology company Sterlite Technologies on Wednesday reported a consolidated loss of Rs 82 crore for the fourth quarter ended March 2024, mainly due to a dip in optical networking business. The company had posted a profit of Rs 63 crore a year ago.
Happiest Minds Tech Q4 Results: Profit jumps 25%, revenues up 10%
Happiest Minds Tech Q4 Results: For full year, the Bengaluru-headquartered firm’s profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
KPIT Tech shares surge 7% after PAT grows 47% in Q4
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
UltraTech Cement Q4 Results: Board approves dividend of Rs 70/share
The cement maker reported a Profit After Tax (PAT) of Rs 2,258 crore, up 36% YoY, beating the Street estimates of Rs 2,048 crore.
UltraTech Cement Q4 Results: Profit rises 36% YoY to Rs 2,258 crore, beats estimates
UltraTech Cement Q4 Results: UltraTech Cement's Q4 net profit surged 36% YoY to Rs 2,258 crore. Domestic sales reached 33.22 million tons of grey cement, with a total capacity of 140.8 MTPA and a 25.7% green power mix.
Deals, hiring show HCL Tech can tap expected IT bounce
Revenue in the major markets of the US and Europe grew sequentially by 4.2% and 2.3%, respectively, while major business verticals also showed higher revenue. But what sets HCLTech apart from peers is the fact that it continued to add headcount during the quarter.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding.
Tech Mahindra Q4 Results: PAT plunges 41% YoY to Rs 661 cr; Rs 28/share dividend declared
Tech Mahindra Q4 Results: Tech Mahindra reported a 41% YoY drop in March quarter net profit to Rs 661 crore. Revenue fell 6.2% YoY to Rs 12,871.30 crore. FY24 PAT was Rs 2,396.80 crore.
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