Page 129 - Q3 Results

D-Mart hits six-month low as Q3 margins drop to 8.34% due to weak demand

It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales

HDFC Bank's Q3 net profit jumps 18.5% YoY on healthy interest income growth

Strong growth in net interest income boosts bottomline, provisions fall

Positive signals

IT companies have done better than expected

Valuations, growth hopes to limit downsides for white goods firms

Margins expected to bottom out; brokerages prefer category leaders

TMS Ep347: IT Q3 results, Auto Expo 2023, markets, Ganga Vilas cruise

What do IT results indicate about the sector's future? What makes Auto Expo 2023 different? Will the rupee continue to gain strength? What is the Ganga Vilas cruise? All answers here

IT firms see 14-20% topline growth in Q3, raise guard on uncertainties

India's IT services heavyweights delivered between 14-20 per cent on-year growth in topline for December quarter, as they raised guard on global uncertainties and choppy verticals, but remained hopeful that costs as well as business considerations will drive tech demand. The tech earnings season began with large IT companies -- Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies -- declaring their Q3 report card this week, amid analysts' gloomy prognosis around slowdown in advanced economies and fear of geopolitical flare-ups. The industry leaders said they are keeping a close watch on the global economy and cues. Overall, the revenue growth band of the top-tier IT players was pegged at between 14-20 per cent for Q3FY23, compared to the year ago period. Seen sequentially, the topline growth for the large IT pack ranged between three per cent and eight per cent versus previous September quarter. Meanwhile, December-quarter net profit of the top IT deck rose between

D-Mart's Dec quarter profit up 6.7% to Rs 589.64 crore, sales rise 25.5%

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 6.71 per cent increase in its consolidated net profit to Rs 589.64 crore for the third quarter ended on December 31, 2022. The company had posted a net profit of Rs 552.53 crore in the October-December quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 25.50 per cent to Rs 11,569.05 crore during the quarter under review against Rs 9,217.76 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 10,788.86 crore, up 27.02 per cent in the third quarter of FY2022-23 against Rs 8,493.55 crore in the corresponding quarter of the last fiscal.

HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts

In Friday's trade, the stock gained marginally to close at Rs 1,077 per share, as against 0.5 per cent rise in the S&P BSE Sensex

At 3.8 million units, PV sales rev up to highest ever in 2022: Siam

Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units

L&T Finance's Q3 net profit rises 39% on improved margins and fees

To accelerate sale of wholesale loan book; Makes one-time provision of Rs 2,687 cr

Infosys strong TCV, deal wins in Q3 lend comfort amid macro risks: Analysts

Infosys Q3 review: The company is likely to benefit from vendor consolidation opportunities, gain market share and see margin expansion going ahead, say analysts

Wipro Q3 result: Gross revenue up 14.4% YoY; attrition rate moderates

The revenue expectations from IT Services business for the full year is set to be in the range of 11.5 per cent to 12.0 per cent, in constant currency terms

Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950

CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets

Kolte-Patil Developers rallies 12% on highest-ever quarterly sales in Q3

The management said that this growth was achieved on the back of firm realisations and highest-ever quarterly sales volumes, which improved 102 per cent QoQ and 31 per cent YoY

HDFC Bank, ICICI Bank: Will Q3 results ease volatility in banking stocks?

HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500

HDFC Bank Q3: PAT may grow up to 20% YoY; margin, asset quality seen steady

Outlook on margin trajectory, asset quality in Agri/Unsecured book, and commentary around credit cards, traction in fee income, and the merger with HDFC will be the key monitorables, analysts said

HCL Tech down 3% as investors turn cautious on lowered revenue guidance

Despite strong performance in Q3, management lowered guidance in services and total revenue growth indicating weak Q4FY23.

Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial

Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro scheduled to report earnings on Friday.

TMS Ep346: Telecom sector, investment cycle, Q3 results, WHO warning

Has the telecom sector recovery lost steam? Does higher demand point to the start of an investment cycle? Banks' earnings growth touched a peak in Q3? What is WHO's warning about alcohol? Answers here

HCLTech Q3 results: Profit rises 18.8%, FY23 revenue guidance trimmed

Deal pipeline remains strong, may see a moderation in Europe next quarter, says CEO