PRESTIGE ESTATES PROJECTS LTD Q3 RESULTS
HCLTech delivered strong growth in Q3, expect momentum to continue in Q4: C Vijayakumar
HCLTech CEO C Vijayakumar and CFO Shiv Walia elaborate on their Q3 performance and forecast. They report improvements in the spending and demand environment. While services revenue met expectations, software revenue was slightly lower. The company aims to enhance margin and revenue through strategic initiatives. HCLTech anticipates steady growth in Q4 despite some moderation due to project completions.
HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals. Consolidated revenue in the three months ended December grew 5.1% year-on-year (YoY) and 3.6% quarter-on-quarter (QoQ) to Rs 29,890 crore backed by services revenue growth.
HDFC AMC Q3 Preview: Revenue may surge up to 36.4% YoY amid strong AUM growth
HDFC Asset Management Company (AMC) is set to report its Q3 results on January 14, with analysts forecasting a revenue growth of 34.6% to 36.4% YoY and a net profit rise of 16.6% to 23.9% YoY. QAAUM is expected to surge by 42% to 48.8% YoY, driven by strong equity AUM growth.
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.
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.
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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.
TCS Q3 results takeaways: Profit, dividend, attrition rate among 5 key details to know
Tata Consultancy Services (TCS) posted a 12% rise in Q3 net profit to ₹12,380 crore, driven by strong execution, cost efficiency, and strategic risk management, despite revenue missing estimates. It announced robust TCV growth and a ₹76/share dividend.
Q3 results today: TCS, Tata Elxsi, IREDA among 9 companies to announce earnings
TCS will release its Q3 earnings, with expected year-on-year revenue growth between 5.2% and 6.4%. Motilal Oswal forecasts an 8.1% PAT growth, while Kotak Equities anticipates deal wins of $9-10 billion. Analysts' focus includes growth, deals, pricing, and BFSI trends.
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%.
TCS shares in focus ahead of Q3 results today
TCS fell short of market expectations for the July-September quarter, with net profit declining by 1% quarter-on-quarter to Rs 11,909 crore. The decline was primarily attributed to margin-dilutive projects in regions outside of America. Revenues for the same period also grew at a slower pace, increasing by 2.6% to Rs 64,259 crore.
Dark clouds loom! Q3 results could mark a downgrade hattrick for India Inc
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
Sobha shares in focus after Q3 Update: Sales value drops 29% to Rs 1,389 crore
Sobha share price: Sobha reported a sales value of Rs 1,388.6 crore in Q3 FY25, marking a 28.9% YoY decline but a 17.8% sequential increase. Average price realization rose by 16.5% YoY. Bengaluru contributed 72.1% of sales. For FY25, the company sold 3.12 million square feet valued at Rs 4,441 crore. Analysts have a 'Buy' recommendation with a target price of Rs 1,902.
Auto stocks among the weakest links in markets for 3 months now. Will Q3 results rev up sentiments?
The auto sector is facing mixed performance in Q3, with passenger vehicles benefiting from festive demand, while two-wheelers and commercial vehicles struggle due to inventory corrections and weaker demand. Tractors saw strong growth, with Mahindra & Mahindra expected to lead. Analysts favor Maruti Suzuki and M&M, while TVS Motor is preferred for two-wheelers.
Sobha registers over 27% growth in Q3 Sales Value
SOBHA witnessed a 27.2% increase in new sales value in Q3 FY25 compared to Q2 FY25. Sales for the first 9 months amounted to Rs. 4441 crore, with Bangalore contributing significantly. Enhanced average realization by 31.3% is due to price hikes and new project launches.
After two muted quarters, earnings woes for banks are likely to continue in Q3. Here are 5 top picks ahead of the results season.
Indian banks are expected to face continued earnings pressure in Q3 due to subdued credit growth, rising funding costs, and NIM compression. Private banks may have better earnings momentum than public sector peers, supported by stronger asset quality and fee income growth.
TARC reports Rs 1,165 crore pre-sale during Q3FY25
TARC Ltd has reported significant pre-sales growth, reaching Rs 2,487 crore in the first nine months of FY2025, driven by demand in luxury real estate. Their project TARC Ishva achieved Rs 1,500 crore in presales. Recent land acquisitions and strategic infrastructure developments in Delhi are expected to further enhance growth opportunities.
Q3 results: TCS, DMart among 36 companies to announce earnings this week
Emerald Finance, Samsrita Labs, Longspur International Ventures, Asian Flora, Mapro Industries will announce their quarterly results on January 6.
Tata Motors shares jump 2% on December sales numbers
Tata Motors reports a 1% year-on-year growth in December 2024 sales to 76,599 units. However, its shares have seen a decline, falling from their 52-week peak by 36%. Higher volatility is noted, with the stock dropping below key moving averages. Despite the sales increase, revenue and net profit have fallen significantly.
The mother of all Indian IPOs: Will 2025 be the year India witnesses its largest-ever listing?
2024 witnessed a surge in IPOs with major companies raising funds, surpassing Rs 3 lakh crore. This trend is expected to continue in 2025 with significant listings from giants like Flipkart, LG India, and Reliance Industries' Jio. Subsidiaries of listed firms are also planning IPOs, potentially setting new fundraising records.
Prestige, DLF, Signature Global among listed developers with highest supply in next few years
Eleven major listed real estate developers in India plan to launch over 253 million sq ft of new housing in the coming years. Prestige Estates, DLF, and Signature Global lead the charge, accounting for over half of the planned supply.
Nitco shares zoom 5% after bagging Rs 105 crore order from Prestige Estates
Nitco's shares jumped 5% after landing a Rs 105.4 crore tile and marble supply order from Prestige Estates. With another Rs 104 crore in anticipated orders, the company sees growth despite reporting a wider net loss in Q2 FY25. The stock's bullish indicators contrast with its trading below key moving averages, showcasing its volatile performance.
India Inc raises record Rs 1.21 lakh crore via QIPs till Nov in 2024
Indian companies raised a record-breaking Rs 1.21 lakh crore through Qualified Institutional Placements (QIPs) in 2024, a two-fold increase from the previous year. Strong market conditions and high valuations fueled this surge, with 82 companies utilizing QIPs until November. Major players like Vedanta and Zomato led the fundraising, bolstering financial reserves and capitalizing on positive investor sentiment.
Cholamandalam projects stronger Q3 disbursements despite tepid festive sales
Disbursements will accelerate a bit more in Q4. It will be around this number. AUM growth would be in the range of around 25% is what we are right now targeting.
Real estate stocks: Stay put, but be very selective on regions & companies. 5 real-estate stocks with an upside potential of up to 35%
When buying a fintech or a pharma stock, you can afford to ignore what economists and their lengthy research papers may say. But it would be useful to listen to them when buying stocks in some other sectors. A paper by Sanjeev Sanyal – on the relative economic performance of Indian states – underlined the contribution of the southern states to the national GDP. Sanyal shows that the South has done better since the liberalization phase started in 1991. How is this related to our headline?
Prestige Estates Projects shares drop over 5% after Morgan Stanley cuts target price and rating
Prestige Estates Share Price: Shares of Prestige Estates dropped 5% after Morgan Stanley downgraded the stock to 'Underweight' citing slower pre-sales growth and reduced FY25 estimates, with a revised target price of Rs 1,510.
India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
India's top 26 listed real estate companies recorded nearly Rs 35,000 crore in property sales during the September quarter, fueled largely by residential sales. Godrej Properties led the pack with Rs 5,198 crore in sales bookings, followed by Macrotech Developers and Max Estates.
Reduce Prestige Estates, target price Rs 1,485: ICICI Securities
ICICI Securities maintains a 'reduce' rating for Prestige Estates Projects, lowering the target price to Rs 1,485. Despite a 43% year-on-year decline in Q2FY25 gross sales bookings, the company maintains its FY25 sales target, driven by upcoming launches in Mumbai and NCR. The brokerage's revised target price factors in a recent QIP and land acquisitions.
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