HCL TECHNOLOGIES LTD Q3 RESULTS
![Indian office market shows strong growth in H1 2024](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-111276775,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/indian-office-market-shows-strong-growth-in-h1-2024.jpg)
Indian office market shows strong growth in H1 2024
The Indian office market showcased resilience in H1 2024 with significant office leasing and new supply growth. Occupiers' confidence, highlighted by major players like HCL Technologies and Tech Mahindra, spurred demand for quality office spaces.
![IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-111157639,width-100,height-75,resizemode-4/markets/stocks/news/it-stocks-rally-up-to-4-as-an-early-indicator-of-q1-earnings-just-gave-green-signals.jpg)
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
![Kaynes Technologies shares soar 40% in three days after Q4 results exceed Street expectations. Is it time to buy or sell](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-110295211,width-100,height-75,resizemode-4/markets/stocks/news/kaynes-technologies-shares-soar-40-in-three-days-after-q4-results-exceed-street-expectations-is-it-time-to-buy-or-sell.jpg)
Kaynes Technologies shares soar 40% in three days after Q4 results exceed Street expectations. Is it time to buy or sell
Kaynes Technologies' shares have surged over 40% in the past three trading sessions on the BSE following the company's robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.
![ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-110208865,width-100,height-75,resizemode-4/markets/stocks/earnings/zeel-q4-results-company-reports-profit-of-rs-13-crore-versus-loss-yoy-revenue-rises-3.jpg)
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
![Redington Q4 Results: Firm posts standalone profit of Rs 160.57 crore](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-110184604,width-100,height-75,resizemode-4/markets/stocks/earnings/redington-q4-results-firm-posts-standalone-profit-of-rs-160-57-crore.jpg)
Redington Q4 Results: Firm posts standalone profit of Rs 160.57 crore
Integrated technology solutions provider Redington Ltd has reported a standalone net profit for the January-March 2024 quarter at Rs 160.57 crore, the company said. The city-based company had registered a standalone net profits of Rs 124.91 crore during the corresponding quarter of previous year.
![Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-110155630,width-100,height-75,resizemode-4/markets/stocks/earnings/dixon-technologies-q4-results-net-profit-rises-20-yoy-to-rs-97-crore.jpg)
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
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Intellect Design Arena shares plunge over 15% after weak Q4 earnings
Intellect Design Arena shares plunged over 15% to Rs 930 in Friday's trade on BSE after the company reported disappointing earnings for the March quarter of FY24, with revenue of Rs 612 crore, down 3.6% quarter-on-quarter (QoQ) and down 1% year-on-year (YoY). Revenue was impacted by the termination of the GeM contract.
Sterlite Tech Q4 Results: Co posts Rs 82 crore loss vs profit of Rs 63 crore a year ago
Broadband technology company Sterlite Technologies on Wednesday reported a consolidated loss of Rs 82 crore for the fourth quarter ended March 2024, mainly due to a dip in optical networking business. The company had posted a profit of Rs 63 crore a year ago.
Happiest Minds Tech Q4 Results: Profit jumps 25%, revenues up 10%
Happiest Minds Tech Q4 Results: For full year, the Bengaluru-headquartered firm’s profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
Tata Tech shares dip 5% as brokerages reduce target prices. Should you buy?
Tata Tech Share Price: Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.
Tata Technologies Q4 profit dips 27% to Rs 157 crore
Tata Technologies faced a 27.4% YoY net profit decrease in Q4 FY24 due to reduced technology solutions revenue and increased employee costs. Despite challenges, the company demonstrated resilience with strategic focus on market performance and growth initiatives.
Tata Technologies Q4 Results: Cons PAT falls 27% YoY to Rs 157 crore; dividend declared at Rs 10.05 per share
Tata Technologies Q4 Results: The company's board recommended a special dividend of Rs. 1.65 per equity share for the financial year ended March 31, 2024. The consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% on a YoY basis against Rs 1,402.39 crore reported in the year-ago period.
H1 will see strong bookings and drive growth momentum in subsequent quarters: C Vijayakumar, HCL Tech
HCL Tech's leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: " 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the same guidance, and we delivered in the 18.2% for both those years as well and we are just carrying that forward."
HCL Tech shares fall 6% after Q4 results. Should you buy, sell or hold?
HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The company's performance and guidance for FY25 were key points of analysis.
Deals, hiring show HCL Tech can tap expected IT bounce
Revenue in the major markets of the US and Europe grew sequentially by 4.2% and 2.3%, respectively, while major business verticals also showed higher revenue. But what sets HCLTech apart from peers is the fact that it continued to add headcount during the quarter.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding.
Q4 results: How LTTS, Cyient, Zensar Technologies and Laurus Labs fared in March quarter
LTTS reported 8% YoY growth in net profit at Rs 1,304 crore while the standalone revenue stood at Rs 9,647 crore, up by 9%.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
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.
TCS likely to outdo peers with ramp-up in big deals
Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.
JP Morgan upgrades Persistent Systems, KPIT Tech and LTIMindtree ahead of Q4 results
In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.
HCL Tech shares jump 5%, hit 52-week high on strong Q3 earnings. Should you buy, sell or hold?
Shares of HCL Technologies jumped over 5% and hit a 52-week high after the company reported strong Q3FY24 numbers. The revenue beat estimates driven by the P&P business, while the EBIT margin exceeded expectations. The company narrowed its FY24 revenue guidance and maintained the margin guidance. Analysts have mixed views on the stock, with Jefferies recommending a hold, Kotak Institutional Equities reiterating an 'Add' rating, Nuvama maintaining a buy stance, and Ambit maintaining a sell call.
Q3 results today: Avenue Supermarts, five other companies to announce earnings
On Friday, HCL Technologies, Wipro and HDFC Life Insurance Company declared their Q3 results. India's third largest IT company HCL Tech reported its consolidated net profit growth at 6% year-on-year to Rs 4,350 crore for the quarter ended December 2023.
HCL Tech to pay Rs 12/share interim dividend; sets record date
India's third-largest IT service provider HCL Tech reported a decent set of numbers as the consolidated net profit rose 13.5% sequentially to Rs 4,350 crore. The IT major's Board declared an interim dividend of Rs 12/share and fixed January 20 as the record date for the same. The payment date of the said interim dividend will be January 31.
HCL Tech Q3 Results: Net profit rises 6% YoY to Rs 4,350 crore, beats estimates
HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same.
Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings
Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.
HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect
We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
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