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India's top IT companies are likely to report muted revenue growth and broadly steady margins for the July-September quarter as clients keep discretionary budgets tight, with focus on how quickly strong bookings turn into revenue and how far AI is deflating traditional services, analysts said. Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1 per cent quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period. "Q2 is not going to be any better than Q1... because we are not seeing any revival in client budgets or spending. Discretionary spending remains stuck amid geopolitical tensions, and decision cycles also remain long," Gaurav Vasu, Founder and CEO of UnearthInsight, said. Gartner sees the quarter as "somewhat stronger" than the previous one. It said this is largely on the back of previously awarded contracts moving into revenue-generating phases. "However, market conditions remain broadly unchanged, with
Avenue Supermarts, which owns and operates the retail chain D-Mart, reported an 18.4 per cent rise in standalone revenue from operations to Rs 19,206.18 crore for the second quarter ended September 30, 2026. The company had reported revenue from operations at Rs 16,218.79 crore a year ago, Avenue Supermarts said in a regulatory filing on Saturday. "Standalone Revenue from operations for the quarter ended (QE) September 30, 2026, stood at Rs 19,206.18 crore," the company said in its update at the end of the quarter. The total number of stores of the Damani-family-promoted retail chain stood at 518 as of September 30. This also includes its Sanpada, Navi Mumbai, Maharashtra store, which is currently closed to customers due to reconstruction. On a quarter-on-quarter basis, D-Mart's revenue climbed 4.7 per cent. Its revenue was Rs 18,343.49 in the June quarter. Promoted by Radhakishan Damani and his family, D-Mart retails basic home and personal products across markets, including ...
ArcelorMittal on Thursday posted a about 62 per cent year-on-year fall in its net income to USD 683 million in the June 2026 quarter. The company, which also has a significant presence in India, had reported a net income of USD 1,793 million in the second quarter of 2025. However, on a quarter-on-quarter basis, the company's net income in April-June was around 19 per cent higher than USD 575 million in January-March or the first quarter of 2026, driven by sales growth. Luxembourg-headquartered ArcelorMittal follows January to December as its financial year. In the second quarter, its sales rose to USD 16.8 billion from 15.9 billion in April-June 2025. On a quarter-on-quarter basis, sales increased by 8.4 per cent compared to USD 15.5 billion in Q1 2026, reflecting 4.4 per cent higher average steel prices and a 4.1 per cent increase in steel shipments. Crude steel production was at 14.3 million tonne, marginally lower from 14.4 MT in the second quarter last year, but higher than 1