Page 97 - Q1 Results

Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%

"Wipro's first quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins," said Thierry Delaporte, CEO and Managing Director

Federal Bank Q1 profit up 29% at Rs 854 cr on back of decline in bad loans

Federal Bank on Thursday reported 29 per cent rise in net profit at Rs 854 crore for June quarter 2023-24 helped by decline in bad loans. The South-based private sector lender had posted a net profit of Rs 661 crore for the year-ago period. Total income during the quarter under review increased to Rs 5,757 crore from Rs 4,081 crore in the year-ago period, Federal Bank said in a regulatory filing. Interest earned by the bank increased to Rs 5,025 crore from Rs 3,629 crore in the same period a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.38 per cent of gross advances by the end of June 2023, from 2.69 per cent as of June 2022. Net NPAs or bad loans too came down to 0.69 per cent as against 0.94 per cent a year ago. However, Capital Adequacy Ratio of the bank decreased to 14.28 per cent from 14.57 per cent in the same quarter a year ago.

Merged HDFC Bank to report Q1FY24 results on July 17; here's what to expect

HDFC Bank Q1 results preview: Analysts will be glued to the management's earnings growth guidance for the merged financial behemoth

TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level

Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA

Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic

TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

HCLTech net slips 11.3% QoQ, maintains FY24 revenue growth guidance at 6-8%

HCLTech declared its earnings after market hours on Wednesday. Ahead of its results, the shares closed down 0.74 per cent at Rs 1,106.50 apiece on the BSE

TCS Q1 net profit beats Street, revenue growth misses the estimate

Attrition drops to 17.8% from a high of 21% in March quarter

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

TCS Q1FY24 result: Net profit up 16.8% YoY; revenue rises to Rs 59,381 cr

TCS Q1FY24 result: The attrition for the first quarter of the current financial year stood at 17.8%

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

Stocks to Watch today, July 12: TCS, HCLTech, Delta Corp, Nazara, Lupin

Stocks to watch on July 12, 2023: IT majors TCS and HCL Technologies will report Q1 earnings today, Wednesday.

Life insurance stocks up on decent growth prospects in first quarter

But analysts' target prices suggest limited upside in HDFC Life and ICICI Pru Life, and between 15-20 per cent for SBI Life, Max Life and LIC

Sensex ends range-bound session 274 pts up; financials weigh, IT, RIL gain

CLOSING BELL ON JULY 11, 2023: The NSE Nifty ended 84 points or 0.4 per cent higher, while the Bank Nifty and Nifty Financial Services declined 0.2 per cent and 0.4 per cent, respectively on Tuesday.

Elecon Engineering hits new high on strong Q1; stock doubles in 4 months

With strong order book in hand across segments, the management is optimistic of sustaining growth momentum going forward

HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit

HCL Tech Q1FY24 result: On a QoQ basis, its Q1 revenue may grow 1 per cent while net profit could drop 4 per cent

TCS Preview: Wage hikes to erode margin in Q1FY24; PAT may drop 3.3% QoQ

TCS Q1 result preview: The weakness comes on account of a worsening demand environment, which is leading to cancellation and delay in projects, a longer sales cycle and slower revenue conversion

Stocks to Watch today, July 11: Vedanta, LIC, Vadilal, PCBL, Tata Comm, PFC

Stocks to watch on July 11, 2023: Shares of Nazara Tech and Satin Creditcare may see some action as the boards approved fund raising proposals.

RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip

CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.

IRB Infrastructure toll revenue grows 18% to Rs 1,183 cr in Apr-Jun quarter

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew by 18 per cent to Rs 1,183 crore in the first quarter of this financial year. Toll collection stood at Rs 1,000 crore in April-June quarter of preceding 2022-23, IRB said in a statement. "IRB and its private InvIT, namely IRB Infrastructure Trust, have registered a toll revenue growth of 16 per cent in the month of June 2023. Toll revenue growth for Q1FY24 for both entities was 18 per cent over the toll revenue in corresponding quarter of FY23," it said. In June 2023, the company recorded Rs 383-crore toll revenue, higher from Rs 329 crore in June 2022. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, "First quarter of FY24 looks much positive as an upward trend seen in aggregate toll revenue as compared to corresponding quarter of last fiscal. We expect similar momentum for the rest of FY24." IRB has a track record of constructing, tolling, ..

Banks, consumer cos to brighten earnings in India amid IT uncertainties

India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets