ONWARD TECHNOLOGIES LTD Q3 RESULTS
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.
Wall Street indexes fall with inflation data and rates in focus
Wall Street's main indexes closed lower Tuesday, with technology losses offsetting communication services gains. Investors awaited key inflation reports ahead of the Fed's meeting. The S&P 500 saw mixed sector performance, with communication services leading gains and real estate declining the most. Traders anticipate a potential rate cut next week, but the Fed's future guidance on interest rates remains crucial.
India Inc.'s Q2 results review: How different sectors of BSE 500 index fared in the second quarter of 2024-25
Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.
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.
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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.
Indian IT Sector to see subdued growth in Q3, recovery likely in Q4
The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.
Earnings downgrade cycle largely over, no major cuts expected from Q3 onwards: Pawan Parakh
I strongly believe that earnings misses have largely bottomed out in Q2. If we look at corporate India's performance, two sectors have disappointed slightly. First is the banking sector, where we’ve seen a rise in NPAs from unsecured loans
Suven Pharma Q2 Results: Net profit rises 3% to Rs 82 crore
PE firm Advent backed Suven Pharma net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year.
Shree Cement Q2 Results: Profit plunges 83% YoY to Rs 76 crore; revenue down 15%
Shree Cement Q2 Results: Net profit stood at Rs 447 crore in the year-ago quarter. Despite challenging demand due to prolonged monsoons and softer prices, the company stated that its focus on brand equity, product premiumization, and improved geo-mix helped sustain its realization on a QoQ basis.
IT, FMCG numbers should improve in Q3; be careful in metals: Sudip Bandyopadhyay
Indian technology companies are poised for growth with the new US administration, despite potential visa challenges. Improved earnings are expected from Q3 onwards. Construction and infrastructure sectors are also predicted to rise, while FMCG anticipates a comeback driven by urban demand. Caution is advised for metal investments in the short to medium term.
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.
Genpact posts 13% growth in Q3 net income at $133 million
Total revenue was $1.21 billion in the quarter ended September, up 7% YoY, both on an as reported and constant currency basis. Gross profit was up 7% YoY at $431 million, with a 35.6% margin.
Ola Electric Q2 Results: Net loss narrows YoY to Rs 495 cr; revenue jumps 39%
Ola Electric Q2 Results: Revenue from operations increased by 39% YoY to Rs 1,214 crore in the September quarter. However, the loss widened sequentially from Rs 347 crore in the previous June quarter. EBITDA losses for the quarter stood at Rs 223 crore, which is higher compared with Rs 321 crore loss reported in the last year period. However, on a quarter-on-quarter basis, operating losses widened from Rs 65 crore posted in Q1FY25.
Mahindra & Mahindra Q2 Results: Standalone net profit up 13% to Rs 3,841 crore on strong SUV sales
Mahindra & Mahindra Ltd. exceeded profit forecasts, reporting a 13% rise in standalone net profit, fueled by robust sales of SUVs, pickups, and commercial vehicles. The company also revised its full-year tractor market guidance upward, citing positive agricultural trends.
Maruti Suzuki shares rise 3% despite Q2 profit miss. Should you invest or steer clear?
Shares of Maruti Suzuki rose by 3% to Rs 11,389.75 despite a 17% drop in net profit for the September quarter. Sales included 463,834 domestic and 77,716 export vehicles. Analysts give mixed recommendations with UBS suggesting a 'Buy', Investec a 'Hold', and Nuvama optimistic about long-term growth.
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.
Schaeffler India Q3 Results: PAT grows marginally to Rs 236.41 crore
Schaeffler India on Wednesday said its consolidated Profit After Tax grew marginally to Rs 236.41 crore in the July-September quarter of this year, from Rs 232.76 crore a year ago.
KPIT Technologies Q2 Results: Net profit up 44% to Rs 204 crore
Automobile-industry focused KPIT Technologies has recorded a 44 per cent rise in consolidated net profit to Rs 203.7 crore in the September quarter. It reported a net profit of Rs 141.4 crore in the year-ago period, according to a regulatory filing.
Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%
Tech Mahindra Q2 Results: Tech Mahindra reported a 153.1% YoY surge in Q2 net profit to Rs 1,250 crore, with revenue increasing 3.5% YoY to Rs 13,313 crore. The Mahindra Group firm declared an interim dividend of Rs 15 per share. PAT margin rose, with new deal wins totalling $603 million.
Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30. Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in banking, financial services and insurance (BFSI) and consulting. It, however, fell 1% from a year earlier.
Wipro Q2 Results: Cons PAT jumps 21% YoY to Rs 3,209 crore, beats estimates
Wipro Q2 Results: Gross revenue stood at Rs 22,300 crore, marking a 1.5% increase quarter-on-quarter and a 1% decline year-on-year. IT services segment revenue reached $2,660.1 million, up 1.3% QoQ and down 2% YoY.
L&T Technology Services shares fall 3% after Q2 results. Should you buy or sell?
LTTS will be in the spotlight today after announcing a slight 2% rise in its consolidated net profit, which reached Rs 320 crore for the quarter ending September 2024, up from Rs 315 crore the previous year. During the same period, operational revenue increased by 8% YoY, rising to Rs 2,573 crore from Rs 2,386 crore last year.
HCL Tech Q2 Results: Cons PAT jumps 10.5% YoY to Rs 4,235 crore, beats estimates
HCL Tech Q2 Results: Company exceeded expectations with an 8.2% YoY revenue increase to Rs 28,862 crore and a 10.5% jump in profit to Rs 4,235 crore. Both figures surpassed analyst estimates. The company projects continued growth, forecasting a 3.5%-5% rise in revenue and an 18%-19% EBIT margin for the coming year. Chairperson Roshni Nadar Malhotra emphasized HCL Tech's commitment to sustainable growth and upskilling its workforce in next-generation technologies.
Q2 results today: RIL, HCL Tech among 14 companies to announce earnings on Monday
Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline.
HCL Tech Q2 preview: PAT may jump 5-15% YoY; up to 9% revenue growth seen
HCL Technologies, India’s third largest IT company by market capitalisation, is projected to achieve YoY revenue growth of 7.1%-9.2% and net profit growth between 4.9%-15% for Q2FY25. Key indicators include FY25 guidance, ERD/products outlook, deal TCVs, and pipeline scrutiny.
Pressure amps up on Infosys, Wipro to beat high expectations amid correction woes
Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.
IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have delivered strong returns, with Coforge, LTIMindtree, and Infosys leading the gains over the past three months. As Q2FY25 earnings commence, Indian IT companies are expected to show single-digit revenue growth, and brokerages favor Infosys, HCL Technologies, and Persistent Systems.
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