Page 22 - India Inc Earnings

HDFC Bank Q1 preview: Moratorium to contain slippages; recovery trends eyed

For the Q1FY21, the bank is expected to report around 20 per cent year-on-year (YoY) growth in net profit. Besides, asset quality is seen stable owing to the moratorium being provided by the RBI

BSE IT index hits record high on strong Q1 show by Infosys, L&T Infotech

Infosys, TCS, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index hit their respective record highs today

Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed

Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers

Infosys posts 11.4% YoY rise in Q1 net at Rs 4,233 crore; beats estimates

Infosys' revenue for the quarter under review stood at Rs 23,665 crore, up 8.5 per cent YoY.

Wipro Q1FY21 consolidated net up 0.1% YoY at Rs 2,390.4 cr, revenue up 1.3%

On a sequential basis, revenue declined 5 per cent.

Mindtree Q1 net profit grows 129.8% YoY at Rs 213 crore; revenue rises 4%

In US dollar terms, revenue stood at $253.2 million, down 4.1 per cent YoY and 9 per cent QoQ.

Infosys Q1 preview: Revenue may dip 4%; magnitude of pricing pressure eyed

The fall in EBIT margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs, according to analysts.

Mindtree gains 1% ahead of Q1 nos; here's what to expect from the IT firm

Travel and Hospitality vertical contributes nearly 16 per cent to Mindtree's total revenues.

Nifty topline may dip up to 25% YoY; banks, telecom, agrochem silver lining

In IT services, one can expect a sequential revenue decline of 5-10 per cent due to demand compression from direct hit verticals and supply-side factors.

India Inc debt inches up 3.7% in FY20, deleveraging limited to a few firms

There was also an uptick in companies' gross debt-equity ratio on higher borrowings while profits declined for several companies last fiscal

TCS: Q1 profit slips 13.8% YoY to Rs 7,008 cr, wins deals worth $6.9 bn

The company also announced an interim dividend of Rs 5 per equity share.

TCS Q1 preview: Covid-19 pandemic to hit earnings; Q2 outlook eyed

The Street, analysts believe, appears to be focusing on recovery path which is also visible in the strong rally in the sector.

Bharat Forge shares slip 10% on weak March quarter earnings

The company reported a consolidated net loss of Rs 68.59 crore in Q4FY20 against a profit of Rs 324 crore in Q4FY19.

A fresh round of selling cannot be ruled out: Harshad Patil, Tata AIA Life

The economy, for a large part of the quarter, was under lockdown, and hence the performance of companies would be muted.

India Inc sees asset impairment surge to Rs 1.6 trn as slowdown bites

Metals, mining and energy major Vedanta tops the list with asset impairment worth nearly Rs 50,000 crore since FY15 as it slashed the fair value of its investment

IndiGo posts Rs 1,290 crore pre-tax loss in Q4 amid Covid-19 lockdown

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.

Covid-19 lockdown: 70% listed firms may dip into reserves for April pay

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4

At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.

India Inc may see 15% fall in profits in FY21, 10% revenue decline: Crisil

At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.

IndusInd Bank Q4 preview: Profit may dip 95% QoQ on exposure to telecom cos

According to analysts at ICICI Securities, the Rs 8,800 crore-exposure to the telecom sector may cast shadow over the bank's asset quality.