ADROIT INFOTECH LTD Q4 RESULTS
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.
IndusInd Bank shares fall 2% post Q4 results. Should you buy, sell or hold?
IndusInd Bank shares fell after March results with 15% YoY net profit rise. NII increased 13.9%. Provisions decreased. NIM at 4.26%. Deposits rose 14% YoY.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Quess reports 8% growth in Q3 revenues on back of tech solutions business
The company, in a press release, said it has recorded a robust Ebitda of Rs 181 crore, a jump by 24% YoY. The board approved an interim dividend of Rs 4 per share for the current fiscal year.
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Persistent’s Healthcare deals signal balanced growth in quarters ahead
The company’s revenue increased by 3% sequentially in the December quarter to $300.6 million, one of the highest growth rates among peers. In rupee terms, it rose by 3.6% to Rs 24,982.2 crore while net profit grew by 8.7% to Rs 2,861.3 crore.
Margin guidance won’t hold up this fiscal, says LTIMindtree’s Debashis Chatterjee
LTIMindtree has also booked a strong deal booking at all-time high, translating into a quarterly order book of $1.5 billion. CEO Debashis Chatterjee, in an interaction with ET, said the firm will need to hire a little ahead of time with some specialised skills to meet the deal commitments.
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.
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.
CarTrade Q4 results: Profit at Rs 17.5 crore, revenue grows 19% YoY
Multi-channel auto platform CarTrade Tech reported a consolidated net profit of INR17.49 crore ($2.3m) for Q4 FY23. This compares with a net loss of INR21.39 crore in the same period a year ago. Its revenue surged 19% YoY to INR116.6 crore due to organic growth from its brand, CarWale, which has over 34 million average monthly unique visitors. Its adjusted EBITDA for the year ended March 31, 2023, stood at INR124.92 crore, while adjusted PAT for the same period was INR80 crore.
HCLTech’s strong deal pipeline affirms a sustained long term momentum amid short term weakness
Given this, the stocks of the top tier IT exporters are expected to remain under pressure in the short term. The ET Infotech index has lost 10.9% over the past three months compared with the 2.9% loss in the broader market ET 100 index and 1.6% loss in the benchmark S&P BSE Sensex.
LTIMindtree Q3 FY23: Profit dips 4.7% YoY on merger costs, holidays
Net profit for the three months ended December stood at Rs 1,001 crore compared with Rs 1,050 crore a year back. Revenue came in at Rs 8,620 crore, up 25.3% year on year.
LTIMindtree Q3 Results: Profit dips 4.7% YoY on merger costs, holidays
In terms of geographies, North America grew 19.6% year on year while Europe just reported 0.2% growth. The company said Europe’s underperformance was largely due to currency impact seen previously and, going forward, the market is expected to be on a “good growth trajectory” due the strong deal wins this quarter.
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 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.
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 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.
Corporate Radar: Adani Enterprises, M&M to turn ex-dividend; L&T Infotech, Tata Elxsi Q1 results; bonus issues and more
Shares of Radhe Developers will also go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. Raymond and Surya India will hold their annual general meetings (AGM) today.
CarTrade Tech tanks 10% after company reports loss in Q4
Following the development, shares of CarTrade Technologies tumbled about 10 per cent to Rs 573.50, before trading at Rs 589.55 at 9.50 am. The scrip had settled at Rs 636.10 on Wednesday.
Corporate Radar: Preferential share allotment, stock split, rights issue & more
Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB, EIH, Deepak Nitrite, Equitas SFB and Oracle Financial Services are among companies which will announce their March quarter results today.
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.
MindTree zooms 3% on robust Q4 earnings
MindTree’s counter rose to a high of Rs 4,080 as against Rs 3960.80 at previous close on the BSE.
Q4 earnings among key factors that will drive stock market this week
As the earning season heats up, we may see some heavy movement in individual stocks this week. Among the key earnings this week are Mindtree, ACC, L&T Infotech, Tata Steel Long Products, ICICI Securities, Tata Elxsi, HCL Tech, ICICI General Insurance, Nestle India, Tata Communication and Rallis India.
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.
LTI Q2 results: Net profit up 20.8%, revenue rises by 25.6%
Earnings Before Interest and Taxes (EBIT) margin stood at 17.2 per cent up from 16.4 per cent in the first quarter.
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