TECH MAHINDRA PAT
M&M’s Q1 standalone profit falls 5% on last year's one-off gains
M&M saw a 5.3% decline in standalone net profit in the June quarter due to a previous year's one-time gain. However, excluding this, net profit rose by 20%, bolstered by strong auto and farm equipment sales.
Tech Mahindra shares tumble over 5% after lower-than-expected Q1 performance. Should you invest?
Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.
Tech Mahindra Q1 Results Preview: Revenue may fall 2% YoY on seasonal impact; deal wins to be muted
According to an average estimate from four brokerages, revenue for the reporting period is expected to decline by 1.6% year-on-year. However, sequential revenue growth is projected to be between 0.3% and 0.9%. Meanwhile, the reported net profit for the April-June 2024 period is anticipated to increase by 24% year-on-year, based on the same average estimate from the brokerages.
Sensex, Nifty flat as Nirmala Sitharaman begins her 7th Budget speech
Stock markets hold their breath as Finance Minister unveils budget! Will job creation and consumption boost sectors? Experts predict record corporate profits and resilient market! Global markets bounce back, oil prices steady, and rupee strengthens against dollar. Stay tuned for more updates!
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
HDFC Bank's Q1 FY25 financial results are likely to be less impressive than the previous quarter, primarily due to slower deposit growth. The merger with HDFC Ltd. makes year-over-year comparisons irrelevant. Loan growth is also expected to moderate, impacting net interest income. While the bank navigates the challenges of integration and a tougher economic environment, its profitability might see a minor dip in this quarter.
IT stocks surge up to 6% led by midcap counter Mphasis as TCS Q1 cheers D-Street
Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys and TCS led gains with Rs 62,613 crore revenue and Rs 12,040 crore net profit. MphasiS had notable intraday gains, while HCL Technologies showed growth. TCS forecasts better FY25 performance.
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Sensex ends over 400 points lower, smallcaps worst hit. 5 factors brought the bears out
Stock Market Crash: Sensex plunged over 800 points intraday on Wednesday, with Nifty dropping over 1%, shaking retail investors accustomed to daily gains but recovered half of the losses towards the end of the day. Smallcap and midcap indices saw their worst day in over a month. M&M led Nifty's decline with a 7% drop amid concerns over XUV700 price cuts signaling weaker car demand.
Q4 earnings review: BFSI, auto lead YoY PAT beat for Nifty companies; IT, consumption top drags
Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.
Positive global cues, auto stocks drive Sensex 300 points higher; Nifty above 22,700
Indian equities, led by Reliance Industries, showed gains. Various sectors surged, with expectations of steady Fed rates in May 2024. Trent rises over 6% post solid Q4 results.
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
Tech Mahindra Q4 Results: PAT plunges 41% YoY to Rs 661 cr; Rs 28/share dividend declared
Tech Mahindra Q4 Results: Tech Mahindra reported a 41% YoY drop in March quarter net profit to Rs 661 crore. Revenue fell 6.2% YoY to Rs 12,871.30 crore. FY24 PAT was Rs 2,396.80 crore.
Q4 results today: Bajaj Finance, Nestle, Tech Mahindra among 44 companies to announce earnings
44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.
EPS downgrades exceed upgrades in 3 months
A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.
M&M Q3 Results: Profit surges 61% YoY to Rs 2,454 crore, but misses estimate
M&M Q3 Results: Total income from operations rose 16% YoY to Rs 25,642 crore, compared with Rs 22,113 crore in the same period last year. M&M reported an EBITDA of Rs 3,590 crore in the third quarter, which is up 10% from Rs 3,273 crore posted in the corresponding quarter of the previous year.
Tech Mahindra shares plunge 6% on Q3 earnings. Here's what brokerages recommend
Shares of Tech Mahindra fell more than 6% following disappointing Q3 results. Kotak Institutional Equities and Nuvama retained their 'Reduce' ratings. Kotak highlighted the long turnaround journey for Tech Mahindra despite healthy revenue growth, citing macro challenges and weak telecom outlook. Nuvama called Q3 earnings a mixed bag with an uncertain outlook, noting lower EBIT margin and weak bookings.
Tech Mahindra Q3 Results: Cons PAT slumps 61% YoY to Rs 510 crore; revenue drops 5%
Tech Mahindra Q3: Consolidated revenue from operations declined nearly 5% YoY to Rs 13,101 crore but was higher than the estimated Rs 12,790 crore. Sequentially, the bottomline and the topline rose 3.2% and 1.8%, respectively. In CC terms, the revenue rose 1.1% sequentially but dropped by 5.4% YoY.
Q3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings
Q3 Results Today: The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing.
IT stocks advance; Wipro, HCL shine
The NSE IT Index surged 1.9% on Monday, building on Friday's 5.4% jump in the benchmark following December quarter earnings by Infosys and TCS which were not as bleak as investors had expected.
Sensex opens in green on the back of firm oil prices; Nifty above 19,800
From the Sensex pack, IndusInd Bank, Tata Motors, SBI, NTPC, and Axis Bank opened with gains, while TCS, Tech Mahindra, Bajaj Finance, and Bharti Airtel opened with cuts.
Sensex, Nifty log best week in over 2 months, led by energy, banking stocks
This week, the 30-share benchmark index advanced 1,211 points or 1.85% to settle at 66,599. The broader NSE Nifty rose 384 points or 1.97% to end at 19,820. The market capitalisation of all listed companies on BSE surged by Rs 8.5 lakh crore to Rs 320.9 lakh crore this week. Smallcap and midcap stocks extended their record run on Friday and were up 0.6% and 0.95%, respectively
Tata Motors, HDFC Bank among 12 stocks with highest upgrades after Q1 results. Which ones to buy?
Within its model portfolio, Motilal Oswal is overweight on financials, consumption, and automobiles and underweight metals, energy and utilities.
After 32% earnings growth in Q1, Motilal raises Nifty EPS estimate by 2.5%
In Q1 FY24, of the 21 sectors under Motilal's coverage, 7/8/6 sectors reported profits above/in line/below its estimates. Of the 231 companies under the brokerage firm coverage, 84 exceeded profit estimates, 87 posted a miss, and 60 were in line
Tech Mahindra Q1 Results: Profit drops 39% YoY to Rs 693 crore, misses estimate by wide margin
"Our results this quarter reflect the uncertainty in the global economy and the IT sector," said CP Gurnani, MD and CEO, Tech Mahindra.
Can new CEOs at TCS, Tech Mahindra bring a turnaround? 10-year history says no
A study of 13 CEO changes in the past decade shows midsized IT firms usually outperform larger ones on growth and profitability after a leadership change, with turnarounds in IT firms hard to achieve. Analysts say there is a stronger likelihood of mid-sized IT firms, including Mindtree, Birlasoft and Zensar, beating revenue and net profit growth expectations post-leadership change. The Nifty IT index has risen only 7% in the past year amid a slowdown and recession fears. Infosys is the only Indian IT stock with a buy rating from Jefferies, targeting Rs 1,570.
M&M Q3 Preview: EBITDA to grow faster than PAT on favourable mix, realisation
The flagship company of Mahindra Group will release its earnings for the third quarter on Friday. Standalone revenue for the December quarter is seen rising 41% on-year to Rs 21,474 crore, according to the average of 8 brokerage estimates
Britannia shares rise over 5% on Q3 results. Should you buy, sell or hold?
Britannia delivered yet another stellar quarter. Traction on sales front continued to be strong, but importantly, the business has now already recouped all the margins that were lost during the recent hyperinflationary phase. We expect the stock to react positively to the result but reckon that the easier part of the stock’s upmove would then be mostly done with
Tech Mahindra Q3 Results: PAT falls 5% YoY to Rs 1,297 crore but beats estimates
Revenue from operations increased 20% YoY to Rs 13,735 crore. According to an ET Now poll, the net profit was estimated at Rs 1,245 crore. The topline was higher than the estimated 13,490 crore.
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