CLEAN SCIENCE TECHNOLOGY LTD Q3 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.
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.
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.
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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.
Q3 results this week: RIL, Infosys, HCL Tech, Jio Finance, Kotak Mahindra Bank among 101 companies to announce earnings
The Q3 earnings season continues with major companies such as HCL Technologies, Infosys, Axis Bank, Reliance Industries, and Wipro reporting their results this week. Key dates include announcements from Anand Rathi Wealth and Tata Elxsi on January 13, followed by HDFC Life Insurance and Infosys on January 16. Market participants await insights from these reports to gauge future trends.
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.
Corporate earnings season starts: Will Q3 reverse the trend?
Tata Consultancy Services has kicked off the third-quarter earnings season, with analysts predicting gradual recovery in revenues and profits. Financials may drive modest earnings growth, while sectors like cement, metals and FMCG face challenges. Markets remain volatile, influenced by concerns over earnings downgrades and foreign outflows.
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.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal and power stocks. Analysts predict range-bound movement due to economic concerns, Q3 results, and the upcoming Union budget, amidst mixed global market performances.
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.
Saurabh Mukherjea picks 2 new small & midcap stocks, exits Eureka Forbes with 30% profit
Fund manager Saurabh Mukherjea added Ahluwalia Contracts and Clean Science & Technology to his portfolios, citing growth opportunities. He exited Eureka Forbes after a 30% profit in nine months due to increased competition and limited future returns. His Little Champs and Rising Giants portfolios have seen strong performance in FY25, attributed to improved earnings and strategic portfolio adjustments.
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.
Genpact Q3 Net income rises 13% to $133 million
Genpact, a global professional services firm, reported a 13% rise in net income to $133 million for Q3 2024, driven by a 7% increase in revenue to $1.21 billion. The company forecasts continued revenue growth in the fourth quarter and full year, fueled by client demand for its data, technology, and AI solutions.
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