Page 105 - Q3 Results

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?

The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.

IT leaders Infosys, TCS kick off Q3 earnings season with weak numbers

Infosys cuts growth guidance as net drops 7.3%; TCS profit up 2%

Infosys tightens FY24 guidance to 1.5-2%, Q3 net profit down 7.3%

The Bengaluru-based IT major, however, maintained its operating margin guidance at 20-22 per cent for FY24

Q3 results: UK drives growth for TCS in seasonally 'slow' quarter

Revenues for the quarter at Rs 60,583 crore were up 4 per cent Y-o-Y and 1.7 per cent in constant currency. On a sequential basis, revenue was up 1.5 per cent

Q3 results: TCS, Infosys headcount fall continues; over 11,000 exit

The fall in headcount is a serious issue for the sector as well as for engineering graduates, as both these firms are the largest recruiters from campuses

Infosys Q3FY24 results: Net profit drops 7.3%, revenue rises 1.3%

Infosys Q3 results: The IT major revised the FY24 revenue guidance to 1.5 per cent to 2 per cent in constant currency

TCS Q3FY24 results: Net profit up 2% to Rs 11,058 cr, revenue up 4%

TCS Q3FY24 results: The IT major also reported a net attrition of 13.3 per cent and said will continue hiring from colleges

GTPL Hathway Q3 net profit dips 38% to Rs 24.67 crore, revenue up 24%

GTPL Hathway Ltd, provider of cable and internet services, on Thursday reported a decline of 38.04 per cent in consolidated net profit at Rs 24.67 crore for the third quarter ended December 31, 2023. The company had posted a net profit of Rs 39.82 crore in the October-December period a year ago, according to a regulatory filing from GTPL Hathway, a firm owned by Reliance Industries Group. However, its total revenue was up 24.1 per cent to Rs 850.87 crore in the December quarter. It was at Rs 685.63 crore in the corresponding period a year ago. During the quarter, its revenue from the Cable TV business was at Rs 660.60 crore and Rs 135.20 crore from internet services. GTPL Hathway's total income, which also includes other income, was up 22 per cent in the December quarter to Rs 860.66 crore. Shares of GTPL Hathway Ltd on Thursday closed at Rs 199 on BSE, down 3.91 per cent from the previous close.

Q3FY24 preview: Profit seen flat for HCLTech, Wipro's may drop 11% YoY

As per an average of brokerage estimates, HCLTech may post net profit of Rs 4,101 crore for Q3 versus Rs 4,096 crore reported last year

Q3 preview: Infosys profit seen falling 7% YoY; wage hikes to erode margins

Infosys is likely to report a 7 per cent YoY fall in its net profit for the reporting quarter to Rs 6,108 crore, show brokerage estimates

Q3 preview: TCS likely to report single-digit growth in revenue, net profit

As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher

TMS Ep603: Antimicrobial resistance, leopards, Q3 results, cyber kidnapping

How can India stop popping antibiotics? What is driving leopards to cities? Will IT earnings remain disappointing in Q3? What is cyber kidnapping? All answers here

TMS Ep602: IT talent, Interim Budget 2024, Q3 results, truckers' strike

Does India IT have a talent management problem? What will be the stance of Interim Budget 2024? What should we expect from Q3 results? Which law changes led to the truckers' strike? Answers here

Central Bank of India's gross advances rise to Rs 2.4 trn, up 14.91% Y-o-Y

The bank also registered an increase in the rate of deposit growth at 9.52% (Y-o-Y). While its deposit base stood at Rs 3.4 trillion in Q3FY23, it expanded to 3.7 trillion in Q3FY24

Q3 continues to be slow quarter for IT sector due to curtailed spending

Analyst firms are expecting the large-cap IT services firms-TCS, Infosys, HCLTech, Wipro, and LTIMindtree-to clock revenue growth in the range of negative 1.5 per cent to a positive 4.6 per cent

HCL Technologies to outshine IT peers in Q3 results: Elara Securities

Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality

DMart's standalone revenue rises 17.2% to Rs 13,247 cr in Oct-Dec quarter

Avenue Supermarts Ltd, which owns and operates retail chain DMart, on Tuesday reported a 17.18 per cent increase in its standalone revenue from operations to Rs 13,247.33 crore in the third quarter ended on December 31, 2023. The company had revenue from operations of Rs 11,304.58 crore in the October-December quarter a year ago, according to a quarterly update by Avenue Supermarts. "Standalone Revenue from operations for the quarter ended (QE) December 31, 2023 stood at Rs 13,247.33 crores," said Avenue Supermarts in a regulatory filing. The total number of stores as of September 30, 2023 stood at 341. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

Bengaluru office market dips in Q3, Hyderabad sees sharp jump: Report

7 Indian cities clock 21% growth in office leasing; 26% increase in new supply

British economy flatlines in Jul-Sep quarter ahead of budget statement

The British economy flatlined in the third quarter of the year, official figures showed Friday ahead of a budget statement from the government later this month. The Office for National Statistics said growth in the July-to-September period was zero compared to the previous three-months. All sectors, such as manufacturing and construction, broadly showed the same subdued picture. Despite the uninspiring headline figure, the quarterly outcome was slightly ahead of analysts' expectations for a modest decline in output. The British economy, like many others particularly in the world, is struggling to grow in the face of higher interest rates, which are aimed at taming inflation. Last week, the Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while. The Bank of England, like other central banks, raised interest rates aggressively from near zero as it sought to

ArcelorMittal SA's Q3 profit drops as steel market demand weakens

"The company remains positive on the medium/long-term steel demand outlook," ArcelorMittal said in a statement on Thursday