Page 130 - Q3 Results
Q3 results: Infosys beats estimates, raises FY23 revenue guidance
Net profit for the Q3 FY23 came in at Rs 6,586 crore up 13.4 per cent y-o-y and 9.4 per cent sequentially
 "Q3 results: Infosys beats estimates, raises FY23 revenue guidance")
Q3 results preview: Cement sector profits seen weak despite strong sales
While improving demand has strengthened sales growth of cement firms, input costs have declined marginally: Analysts
 "Q3 results preview: Cement sector profits seen weak despite strong sales")
HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend
HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%
 "HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend")
Cyient reports 37% surge in Q3 revenue on back of slew of acquisitions
The company's design-manufacturing business Cyient DLM reported a 10.3% increase in revenue
 "Cyient reports 37% surge in Q3 revenue on back of slew of acquisitions")
Infosys Q3 result: IT major's revenue grows 20% YoY to Rs 38,318 cr
The attrition rate has been recorded at 24.35 in Q3FY23. In Q3FY22, it was at a higher 25.5%
 "Infosys Q3 result: IT major's revenue grows 20% YoY to Rs 38,318 cr")
Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent
 "Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%")
Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts
On the bourses, Wipro underperformed peers as shares dropped 0.5 per cent, while TCS, HCL Technologies, and Infosys rose up to 11 per cent in Q3FY23
 "Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts")
Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain
Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer
 "Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain")
HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts
HCL Tech Q3 preview: As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23
 "HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts")
Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation
Adani Wilmar sees Q3 sales growth in high single digits as demand grows
Growth in the third quarter has been broad across both urban and rural towns, with higher saliency in urban markets, Adani Wilmar said
 "Adani Wilmar sees Q3 sales growth in high single digits as demand grows")
Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller
Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.
 "Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller")
Q3 results preview: RIL may see rise in sales but 10% decline in profit
Profit growth while sequentially strong, may fall nearly 10 per cent from a year ago, due to fuel export taxes
 "Q3 results preview: RIL may see rise in sales but 10% decline in profit")
We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam
We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively participating in the growth and optimization deals
 "We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam")
TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts
TCS Q3 results: QoQ decline of 2,200 employees in the total headcount and de-growth of 3.7 per cent in deal bookings at $7.8 billion are indicators that point towards a slowdown, analysts say
 "TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts")
Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
 "Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%")
TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend
Moderation of attrition is a positive and indicates easing of supply side challenges, which is likely to support margins, going ahead, ICICI Securities said in its note.
 "TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend")
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
 "Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR")
Q3 earnings season kicks off: TCS revenue rises 19%, net profit up 11%
Revenue beat estimates in Q3, profit falls short; N America demand 'vibrant' but challenges remain in Europe
 "Q3 earnings season kicks off: TCS revenue rises 19%, net profit up 11%")
Titan slips 2% despite 11% YoY jewellery sales growth in Q3 update
In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.
 "Titan slips 2% despite 11% YoY jewellery sales growth in Q3 update")