ZEN TECHNOLOGIES LTD Q4 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.
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.
Top picks post Q2 results: ICICI Bank, ONGC could give 30-60% return in 1 year
Indian corporate earnings for the second quarter of FY25 showed weaker-than-expected results, with single-digit growth for the second consecutive quarter. While sectors like BFSI and Technology performed well, the overall market was dragged down by weakness in commodities, particularly O&G.
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Bosch Q2 Results: Net profit falls 46% to Rs 536 cr; revenue at Rs 4,394 cr
Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal.
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.
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.
Q2 results today: Tata Steel, Apollo Hospitals among 166 companies to announce earnings on Thursday
The second-quarter earnings season is in full swing, with 166 companies set to release their July-September 2024 results. Key players like M&M and Trent are anticipated to post robust revenue growth, driven by strong performance in their respective sectors. While M&M's profits are projected to remain steady, Trent's bottom line is expected to see significant improvement.
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16%
Adani Enterprises Q2 Results: Company reported a remarkable 664% year-on-year increase in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore in the same period last year.
CSB Bank Q2 Results: Profit rises 4% to Rs 138 crore
CSB Bank on Thursday reported a marginal 4 per cent rise in net profit to Rs 138 crore for the quarter ended September 2024. The Kerala-based lender had earned a net profit of Rs 133 crore in the year-ago period.
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.
KPIT Technologies shares nosedive 17% in 2 days after Q2 earnings
KPIT Technologies Share Price: The revenue for the quarter stood at Rs 1,471.4 crore, a 22.71% increase from Rs 1,199 crore in July-September FY24. Sequentially, revenue rose by 7.8%, while profits declined by 0.19%. The EBITDA margin for the quarter was 20.8%, reflecting a 27.7% year-on-year growth.
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.
IT firm Zensar's profits slide 11.5% YoY, revenue up 5.4%
Zensar Technologies reported a mixed bag of results for the second quarter. While revenue increased, profits declined due to a slump in the TMT vertical and US region. Despite this, the company's order book and margins improved.
Wipro announces 1:1 bonus issue; share surges 4% on the back of strong Q2 results
Yesterday, the company posted a solid 21.2% YoY rise in its consolidated net profits, which stood at Rs 2,646.3 crore in the year-ago period. The company's revenue from the IT services segment was at $2660.1 million, an increase of 1.3% QoQ and a decrease of 2.0% YoY
Infosys net profit rises 4.7% in Q2, misses Street estimates
The guidance change is the sixth consecutive quarterly revision and seventh in eight quarters. Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
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.
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.
Finance automation startup ZenStatement raises $1.6 million in seed funding
The round was led by 3One4 Capital and Boldcap VC, with participation from Dynamis Ventures and Atrium Angels. The funds will be used to increase its product offerings and build a sales and marketing team to expand its presence in India and overseas.
Decoding Swiggy’s Rs 10,000 crore IPO; PSMC on India’s chip play
Swiggy has filed its updated draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). This and more in today’s ETtech Top 5.
Accenture unveils $4 bln share buyback as AI powers strong fourth quarterly revenue
Accenture Q4 Results 2024: Accenture, headquartered in Dublin, exceeded analyst forecasts by reporting a fourth-quarter revenue of $16.41 billion, surpassing the anticipated $16.38 billion, as per LSEG data.
Multibagger defence stock jumps 4% after Motilal Oswal initiates coverage, sees upside potential of 31%
Zen Technologies shares jumped 4% on Motilal Oswal's Rs 1,775 target. Excelling in simulators and counter-drones, Zen features strong margins, backward integration, high RoCE, 40+ indigenous products, 150+ patents, and no import reliance. Revenue, EBITDA, and PAT to grow 63%, 57%, and 56% CAGR respectively. Order book at Rs 1,400 crore with a 125% stock surge.
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