CLEAN SCIENCE TECHNOLOGY LTD Q1 RESULTS
HCL Tech stock slips over 9% after Q3 results. Should you buy, sell or hold?
HCL Technologies shares dropped 9.23% after the company reported a 6% net profit growth for Q3 at Rs 4,591 crore. Revenue rose to Rs 29,890 crore. New deal bookings reached $2.1 billion. Analysts provided mixed ratings, with target prices ranging from Rs 1970 to Rs 2150.
Stocks to buy today: HSBC upgrades Biocon; MOSL sees 20% rise in HCL Tech post Q3 results
Motilal Oswal (MOSL) has reiterated its "Buy" rating on HCL Technologies, setting a target price of Rs 2,400, which implies a potential upside of 20% from the current market price of Rs 1,985.
Stocks in news: HDFC AMC, HCL Tech, Delta Corp, United Spirits, BEL
IT services company HCL Technologies reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024.
Angel One Q3 Results: PAT rises 8% YoY to Rs 281 crore. Rs 11 per share dividend announced
Angel One reported an 8% rise in net profit for the December quarter to Rs 281.47 crore compared to the same period last year. Revenue from operations increased by 19.2%. The company's board declared a first interim dividend for FY25 at Rs 11 per share. Their total expenses significantly increased in Q3.
Groww’s incoming IPO; Apple India’s export boom
Stock broking platform Groww is aiming for a public listing later in the year. This and more in today’s ETtech Top 5.
HCL Technologies Q3 Results: PAT grows 6% YoY to Rs 4,591 crore, revenue up 5%, Rs 18 dividend declared
HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.
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HCL Tech Q3 preview: Revenue may rise by up to Rs 6.8% YoY on software business growth
HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varying outcomes for revenue and profit, with key focus on software business, margin guidance, and deal activity.
Q3 results today: HCL Tech, Angel One among 14 companies to announce earnings on Monday
HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to increase between 4.3% and 6.8% in the third quarter. The company's adjusted net profit is anticipated to grow between 1.2% and 8.2%, according to analyst estimates.
More confident and positive about 2025 compared to 2024; 2026 will be even better: TCS CEO K Krithivasan
TCS leaders are confident about future growth and advancements. They highlight investments in AI, talent development, and technology modernization. Growth opportunities in client decision-making, regional markets, and internal efficiency boosts from Generative AI are anticipated. Positive trends in North America banking and sizable hiring of new employees are also expected to enhance productivity.
Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Tata Elxsi share price plunged 7.9% after reporting a 3% decline in net profit for Q3 FY24. The company's revenue increased by 3% YoY, while the automotive sector faced significant challenges, impacting new deals. Tata Elxsi experienced project delays and target price cuts from brokerage firms.
TCS shares rally 5% after Q3 profit rises 12% YoY. Should you buy, sell, or hold?
TCS share price: Shares of TCS surged 4.7% after reporting a 12% rise in Q3 net profit to Rs 12,380 crore. Revenue grew 5.6% YoY, driven by strong TCV performance. Analysts offered mixed ratings, with Morgan Stanley, Nomura, and Nuvama providing varying target prices.
TCS Q3 profit up 3.9% quarter-on-quarter, lags estimates
Tata Consultancy Services reported a modest sequential net profit growth of 3.9% to Rs 12,380 crore in Q3FY25 amidst reduced demand in the US and UK markets and declining discretionary tech spending. Revenue saw a 0.44% decrease, and headcount dropped by 5,370 employees. Despite the downturn, TCS remains hopeful for a better fiscal year ahead.
Spotify India loss narrows, revenue strikes a high note
Spotify India reported a net loss of ₹143 crore for 2023-24, a 58% decline compared to the previous fiscal. Operating revenue surged 93% to ₹321 crore. Subscription revenue increased by 90% to ₹167 crore, and advertising revenue soared 114% to ₹135 crore. The platform's monthly active users are 70 million, with increased engagement.
IREDA Q3 PAT up 27% YoY backed by higher income
Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for Q3 grew by 26% to Rs 425.4 crore, driven by higher interest income, increased loan sanctions, and lower borrowing costs. Revenue rose 36% to Rs 1,698 crore. The company's loan portfolio expanded to Rs 68,960 crore, supported by increased disbursements and improved asset quality.
TCS Q3 Results: Profit rises 12% YoY to Rs 12,380 crore, in-line with estimates
TCS Q3 Results: Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, compared to the previous year's Rs 11,058 crore. The company declared an interim dividend of Rs 10 per share and a special dividend of Rs 66 per share. Revenue stood at Rs 63,973 crore, marking a 5.
45 companies could report double-digit profit slump in Q3. Are your stocks on this list?
India Inc is bracing for mixed Q3 results, with earnings growth expected to slow. Analysts predict a 2% Nifty EPS growth for FY25, with many companies facing challenges like sluggish demand, high input costs and weak margins. Sectors like cement, oil and gas and consumer goods are hit hardest, while financials, technology and real estate are expected to show modest growth.
Tata Elxsi Q3 Results: Profit falls 3% YoY to Rs 199 crore, revenue rises 3%
Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.
Microsoft’s $3 billion India AI bet; Mobikwik earnings
Microsoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
TCS Q3 results, FII action among 8 factors that could keep D-Street on toes this week
Nifty is expected to see movement due to various factors when markets reopen. These include Q3FY25 earnings reports, US market trends, FII/DII actions, and technical factors. IPOs and corporate actions will also influence the market. Changes in the Rupee vs Dollar and crude oil prices are critical as well. Traders should keep an eye on these elements.
Motilal Oswal picks HCL Technologies, LTIMindtree among 8 stocks ahead of Q3 results
Infosys is projected to achieve 1% sequential growth in constant currency terms, with a target price of Rs 2,250, reflecting over 20% upside from current levels, according to Motilal Oswal. Despite seasonal furloughs slightly affecting margins, the company is expected to maintain its annual growth guidance of 3.75%-4.5%, supported by strong deal TCV and positive demand trends.
Accenture quarterly numbers point to strong GenAI prospects
Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.
IT stocks rise after Accenture’s robust Q1 results lift sentiments for sector
Shares of IT services firms such as Infosys, TCS, Wipro, and HCL Technologies rose by up to 1% on Friday, following a strong performance by industry leader Accenture. Accenture reported Q1 revenue and profit that exceeded Wall Street estimates and raised its annual forecast, signaling growing demand for IT services and boosting market sentiment for the sector.
Taking a bath is old - Japan's ‘Human Washing Machine’ cleans you in 15 minutes using AI. Check features, specifications
Japan has introduced the Mirai Ningen Sentakuki, an AI-powered "human washing machine" that promises to clean and refresh you in just 15 minutes. Developed by Osaka-based Science Co., this futuristic device uses advanced water jets and microscopic air bubbles to cleanse the body, while AI analyzes your emotional state and projects calming visuals for mental relaxation.
IT cos' Q2FY25 results ahead of estimates. Infosys, LTIMindtree among 9 brokerage buys
Indian technology companies exceeded their Q2 earnings forecasts, but their future guidance remained cautious. While some brokerages observed a potential bottoming out of pessimism, clear signs of increased spending in developed countries are still pending. Stocks like Infosys, TCS, and HCL Tech are among the top picks for many brokerages.
36 companies doubled their sales and PAT in a disappointing Q2 earnings season
Despite a lackluster Q2 earnings season, 36 companies defied the trend, doubling both sales and profits. Some achieved growth in the thousands of percentage points, driven by strong demand in sectors like pharma and realty. Analysts remain optimistic about a stronger second half of FY25, citing festive demand and rural recovery.
For risk-takers with a medium-term perspective: 5 mid-cap stocks from different sectors with an upside potential of up to 31%
There are signs of recovery in the Indian market, both at the level of the indices and broader market breadth. But as Ukraine turns aggressive, the chances of an escalation of its war with Russia cannot be ruled out. That may cause volatility in the global markets – and some of it will rub off on markets here. If you keep global uncertainty apart, the way things are panning out suggests the worst is behind the Indian markets. So, while you can start thinking about turning bullish – with a medium-term perspective – please do remain selective and cautious for at least the next couple of months.
Tata Technologies Q2 Results: Net profit falls 2% YoY to Rs 157 crore, revenue rises 2%
Tata Technologies Q2 Results: Revenue from operations in the reporting quarter increased 2% year-on-year to Rs 1,296 crore as against Rs 1,269 crore in the same quarter last year. The company reported an operating EBITDA of Rs 235 crore, up 10% year-on-year. EBITDA margins, meanwhile, improved to 18.2% in the second quarter.
Q2 results this week: Airtel, Maruti Suzuki, L&T among 392 companies to announce earnings
The second quarter earnings season for India Inc. is expected to be muted, with possibly the slowest growth in over four years. Major companies like Bharti Airtel, Maruti, Suzlon Energy, L&T, Dabur India, and Cipla will announce their results this week, highlighting key financial milestones.
Strides Pharma Science Q2 Results: Firm posts net profit of Rs 93.66 crore
Strides Pharma Science Ltd reported a consolidated net profit of Rs 93.66 crore for the second quarter of FY25, recovering from a Rs 149.45 crore net loss in the same period last fiscal. Revenue rose to Rs 1,201.11 crore, driven by new product launches and significant growth in US operations.
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