KEDIA INFOTECH LTD Q2 RESULTS
Swiggy IPO subscribed to 2.13 times on last day of the offer
Swiggy's IPO closes today, having received strong interest from QIB and employees. The company aims to raise Rs 11,327 crore. Listing day gains are expected to be minimal. Experts recommend subscribing to the IPO due to the company's growth potential.
Q2 results today: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
Dixon Technologies shares dip 10% despite 265% YoY jump in Q2 profit. What analysts say
Shares of Dixon Technologies fell 9.7% to Rs 13,601.30 on the BSE after reaching a new all-time high of Rs 15,999.95. Despite this drop, the company reported a 265% year-on-year increase in Q2 PAT to Rs 412 crore, driven by higher mobile phone production and a one-time gain of Rs 209.6 crore.
Dixon Technologies shares in focus after Q2 profit skyrockets 265% YoY to Rs 412 crore
Dixon Technologies Share Price: Dixon Technologies will be in the spotlight on Friday after reporting a 265% year-on-year increase in net profits to Rs 412 crore, driven by higher mobile phone production and an exceptional gain of Rs 209.6 crore in the second quarter of FY2025. The company also saw a 120% rise in revenues, reaching Rs 18,116 crore compared to Rs 4,944 crore the previous year.
Dixon Tech Q2 Results: Profit skyrockets 265% to Rs 412 crore
In the second fiscal quarter, Dixon Technologies announced it will divest its entire 50% stake in the joint venture company AIL Dixon to Aditya Infotech through a transfer of 95 lakh equity shares of the JV. The one-time exceptional gain came from this transaction.
SIP, STP or lumpsum? How to invest as Dalal Street recovers from election shocker
Post-election market recovery raises concerns for mutual fund investors on choosing between lumpsum or SIP/STP investments for better returns. Bankbazaar.com CEO Adhil Shetty advises considering market conditions, risk appetite and financial goals for investment decisions in mutual funds.
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Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%
Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.
LTIMindtree's plan is to grow revenue to $10 billion: CEO Debashis Chatterjee
LTIMindtree aims to reach $10 billion revenue by 2030 through organic growth and acquisitions. Despite challenges in market conditions, the company focuses on strategic changes to drive growth and improve margins.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
Vijay Kedia-backed TAC Security files DRHP for IPO with NSE Emerge
Ace investor Vijay Kedia-backed TAC Security has filed its draft red herring prospectus with NSE Emerge to raise funds through an IPO. Vijay Kedia owns 15% of the company.
Vijay Kedia-invested Om Infra returns to black in Q2; revenue soars 250%
On a 6-month basis, Rajasthan-based Om Infra's net profit jumped more than 34 times to Rs 38.20 crore. Revenue from operations spiked 175% to Rs 522 during the period under review.
Persistent shows resilience on sustained business momentum
Persistent’s revenue grew by 3.2% in constant currency (cc) and by 3.1% in reported terms to $ 2,917.1 million from the previous quarter. Analysts had anticipated a 2.9% increase in cc terms. In rupee terms, revenue rose by 3.9% sequentially to Rs 2,411.7 crore. Net profit fell by 0.7% to Rs 263.2 crore adjusting for the one-time expenditure incurred in the prior quarter. Higher costs put pressure on profit and profitability.
LTIMindtree Q2 results: Net profit down 2% on hikes, muted growth
Revenue came in at Rs 8,905.4 crore, up 8.2% year on year, which beat estimates. The company created from the merger of erstwhile Larsen and Toubro Infotech and Mindtree Technologies started operating as a merged entity in December 2022.
Q2 earnings, FII action among 10 factors that will steer D-Street this week
On this week's strategy, Rupak De, Senior Technical analyst at LKP Securities, said that the strength may continue as long as the Nifty index remains above 19,600. "The bulls were able to protect the level of 19,600 during the Friday session, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. Only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy on dips strategy to favour the market," De said.
LTIMindtree Q1 Preview: Profit growth seen better than peers; FY24 guidance key
The company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages.However, the net profit growth will be much better than its peers given a better operational performance. The bottomline is seen rising 6.5% to Rs 1,186.40 crore
Q4 results this week: HDFC, Adani Enterprises, Tata Steel, Titan, Varun Beverages, others
Mixed Q4 earnings season so far with IT companies disappointing, but strong results from financial and banking sector helped markets. Investors will track corporate earnings and global trends to gauge market direction. This week, Adani Enterprises, Titan Company, HDFC, TVS Motor, Hero MotoCorp, Tata Steel, and several other companies will announce their results. Notable companies announcing include Tata Steel, Titan Company, HDFC, Adani Enterprises, TVS Motor, Hero MotoCorp, Britannia Industries, and Marico.
L&T Q3 Results: Profit jumps 24% YoY to Rs 2,553 crore, revenue rises 17%
The company's consolidated revenue for Q3FY23 came in at Rs 46,390 crore, up 17% YoY, aided by improved execution in the infrastructure projects segment and continued growth momentum in the IT&TS portfolio.
Corporate Radar: Infosys Q3 results, multibagger company to mull buyback and more
Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announcing its fourth interim dividend. The company since the year 2000 has in total declared 83 dividends. And in the current FY, it has so far declared Rs 38 per share dividend. The consensus recommendation from 42 analysts for the stock is buy.
Q2 results this week: Bharti Airtel, Adani Ports, SBI, BoB and more
Bharti Airtel, 3i Infotech, Asahi India Glass, Castrol India, LT Foods, Larsen and Toubro, Saregama Industries, Swaraj Engines, Tata Steel, VST Tillers, Mold-Tek, TCI Express, Equitas Small Finance Bank, Motherson Sumi etc.
Corporate Radar: HDFC Bank, L&T Infotech results, Hilton Metal board meeting and more
Kaarya Facilities and Services’ board will meet for consideration of bonus share allotment
Q2 earnings, FOMC minutes among top 9 factors to guide markets this week
The US Federal Reserve will release its minutes of meeting for the last meeting on Wednesday, when it announced a rate hike of 75 basis points. Markets will be looking at the commentary from the Fed members in order to tame the rising inflationary pressure.
Q2 results this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Bank, others
Second-quarter earnings will be led by the banking and finance, consumer, and automobile sectors and dragged down by commodity sectors such as metals and oil and gas, said Gautam Duggad, institutional research head at Motilal Oswal Financial Services.
L&T Infotech’s Q1FY23 net income rises 27.7% on strong demand
L&T Infotech’s revenue grew 30.6% to Rs 4,522.8. crore in-line with analyst estimates. On a sequential basis net income dipped by 0.5% and revenue grew 5%. Attrition was marginally down at 23.8% compared to 24% last quarter.
L&T Infotech profit remains flat as salaries eat up nearly two-thirds of its revenue
L&T Infotech reported flat profit growth in the June quarter despite a moderate increase in revenue. The IT service provider's margins came under pressure from rising salaries and travel costs. However, it signed four new global Fortune 500 companies, taking its tally to 77. It reported a net profit of ₹634 crore for the June quarter which was lower by half a percentage point compared to the March quarter.
L&T Infotech Q1 Results: Profit rises 28% YoY to Rs 634 crore, beats estimates
L&T Infotech Results: In dollar terms, revenue came in at $580.2 million, up 1.7 per cent sequentially and 23.4 per cent YoY. In constant currency terms, revenue grew 2.9 per cent QoQ and 26.6 per cent YoY.
LTI Q4 results: Net profit up 4.1% q-o-q, misses analyst expectations
Revenue was up 31.6% on year to Rs 4,301.6 crore, slightly missing analyst estimates of 32.5%-33.5% growth.
L&T Infotech's quarterly profit jumps 17% to Rs 637.5 crore
The revenue from operations increased by 31.57 per cent to Rs 4,301.6 crore during the reported quarter. The same stood at Rs 3,269.4 crore in the year-ago period.
Vijay Kedia adds Ambika Cotton to his portfolio after strong Q3; stock rallies 13%
The textile player reported a 146 per cent jump in the net profit to Rs 51.85 crore for the quarter ended December 2021 against Rs 21.10 crore profit in the corresponding period last fiscal.
L&T Infotech zooms 15% after strong show in Q2
Shares of L&T Infotech have soared as much as 120 per cent in the last one month, whereas the scrip has delivered over 80 per cent return in 2021 so far.
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