Page 7 - Earnings

L&T Technology Services net profit grows 35% to Rs 262 crore in Q4

L&T Technology Services on Thursday reported an increase of 34.7 per cent in consolidated net profit to Rs 262 crore for the quarter ended March 2022. The company had posted a net profit of Rs 194.5 crore in the same period a year ago. "We achieved several milestones in FY22 a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers. "Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins,'' L&T Technology Services (LTTS) CEO and Managing Director Amit Chadha said in a statement. The consolidated revenue from operations grew by about 22 per cent to Rs 1,756.1 crore from Rs 1,440.5 crore in the March 2021 quarter. "...In the fourth quarter, we won a USD 100 million plus deal in the EACV (electric autonomous connected vehicles) space - being chosen as the strategic engineering partner for a new age electric VTOL

Infosys Q4 preview: Will high costs dent margin? What top brokerages expect

Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.

Twitter introduces 'Creator Dashboard' tool to manage earnings on platform

Micro-blogging site Twitter has introduced a new tool for creators called the "Creator Dashboard" to analyze how they make money on the platform

Consumption remains weak

Higher inflation is affecting operating margins

Corporate performance: India Inc's profit rises 27% in third quarter

Analysts see a further downside in earnings in the forthcoming quarters

Mark Zuckerberg risks $24-bn wealth wipeout after Meta misses estimates

Meta's share price was down about 20% in after-hours trading on Wednesday.

Brokerages upgrade estimates on Maruti on new launches, positive guidance

An expected improvement in the availability of semiconductors and robust demand outlook in the passenger vehicle market is also driving the upgrades

Partner earnings rise 11% q-o-q, says Urban Company's earnings index for Q3

Urban Company partners earned an average of Rs 297 per hour, net of commissions, fee and all associated product and travel costs.

Goldman Sachs Q4 profit misses estimates on weak equity trading

Bank earnings have been hurt this quarter by weak trading volumes as the Federal Reserve slowed the pace of its asset purchases after an 18-month period

PV makers to see cumulative earning loss of Rs 2,000 crore in FY22: Icra

The industry is estimated to lose production of 500,000 units at the end of FY22 due to chip crunch

Global trends, Q2 earnings, macro data to drive markets this week: Analysts

Stock-specific movement will be seen as the market is heading for the last batch of Q2 earnings

BMW muscles through global chip shortage with jump in profit

Group earnings before tax surged 50 per cent to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said

Ford India's revenue to reduce to less than a fourth in FY22: India Ratings

The firm has indicated that its near-term operational performance would likely be in line with initial FY20 earnings. During the year, it had a revenue of Rs 2,052 cr

Steel sector outlook revised to positive on continued earnings uptick: Icra

Given the strong earnings growth and capex curtailments following the pandemic-related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021

Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%

Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year

Gland Pharma shares rally over 9%; at 52-week high after Q1 earnings

Shares of Gland Pharma on Thursday jumped over 9 per cent after the company reported an 11.83 per cent increase in its consolidated net profit for the quarter ended June 30, 2021.

Q1 earnings to guide equity markets in holiday-shortened week say analysts

The first quarter earnings season will dictate the trend in the equity markets in this holiday-shortened week amid absence of major macroeconomic drivers, say analysts.

Asian shares edge lower as investors look past upbeat tech earnings

Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment

ONGC's improved earnings outlook for 12-18 months to support deleveraging

The rating agency has revised Brent crude oil price expectations for the rest of 2021 to $65 per barrel from $60 per barrel earlier

SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low