Stock market preview Wednesday, April 24: Global cues remain supportive; HUL, Axis Bank results coupled with upcoming monthly F&O expiry may induce market volatility today.
Margins were impacted by one-time transition costs due to onsite ramp-up using subcontractors, lower utilisation on account of lateral hiring for ramp-up and higher travel expenses
Stock down 5.5 per cent at close on BSE
The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical
The management said that the change in commission structure led to the increase in expenses
Tata Elxsi, a provider of design-led technology services, on Tuesday reported a 2.2 per cent decline in net profit at Rs 196.93 crore in the fourth quarter ended in March. The company had posted a net profit of Rs 201.51 crore in the same period of the previous fiscal, Tata Elxsi said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 905.94 crore as against Rs 837.91 crore in the year-ago period, it added. The company said its total expenses were higher at Rs 677.21 crore compared to Rs 613.39 crore a year ago. For the fiscal ended March 31, 2024, the company's net profit was Rs 792.23 crore over Rs 755.19 crore reported in FY23, it said. In FY24, revenue from operations stood at Rs 3,552.14 crore from Rs 3,144.72 crore a year ago, the company said. The company's board has recommended a final dividend of 700 per cent, which is Rs 70 per equity share of par value of Rs 10 each, for the financial year ended March 31, 2024, subject to approval b
The company's coffee business in India witnessed revenue growth of 45% in the quarter ended March, while its foods business grew by 20%
Integrated ICT solutions and services provider Sify Technologies has reported Rs 38 million as profit for the January-March 2024 quarter, the company said on Tuesday. The city-based company had registered a profit of Rs 34 million during the corresponding quarter of last year. For the year ending March 31, 2024, the profit fell to Rs 49 million from Rs 674 million a year ago. Total revenue during the quarter under review grew to Rs 9,637 million from Rs 8,861 million in the same period last year. For the year ending March 31, 2024, total revenues grew to Rs 35,634 million, as against Rs 33,404 million in the previous financial year. "Our robust infrastructure investments and comprehensive services portfolio are structured to precisely address customer objectives. Concurrently, we maintain proactive engagement with clients, identifying their distinct requirements and customising our offerings to align with their evolving needs," company CEO Kamal Nath said in a statement today. "As
Tata Consumer Products reported a consolidated revenue from operations at Rs 3,927 crore for Q4FY24, up 8.5% Y-o-Y
Sudarshan Chemical Industries share price update: The stock of dyes and pigments company was trading at its highest level since August 2021.
Axis Bank Q4FY24 results preview: Analysts expect Axis Bank's loan book to rise 15 per cent year-on-year
On Monday, the dairy company reported revenue from operations in Q4FY24 at Rs 2,046 crore as against Rs 1,789 crore in Q4FY23 registering a growth of 14.38 per cent year-on-year
Mahindra & Mahindra Financial Services has deferred its Q4 earnings meeting and subsequent announcement due to fraud detected by the company
Stocks to Watch on Tuesday, April 23, 2024: Tata Consumer Products, ICICI Prudential Life Insurance, Tata Elxsi, Mahindra & Mahindra Finance, MCX are scheduled to announce their Q4FY24 results today
Reliance Retail's annual net profit crosses Rs 10K cr; grocery clocks highest growth, followed by fashion and lifestyle
RIL's board on Monday recommended a dividend of Rs 10 per fully paid-up equity share for FY24, subject to the approval of the company's members at the ensuing annual general meeting
Jio claims to have highest 5G subscriber base of any telco outside China, but ARPU remains Rs 181.7
The total contract value for the fourth quarter came in at $447.7 million, a slight drop from the previous quarter's $475 million
HDFC Bank news: On April 20, HDFC Bank reported net profit of Rs 16,512 crore, up 37 per cent year-on-year, but barely 1 per cent quarter-on-quarter
Agri solutions provider Rallis India, a Tata enterprise, on Monday said it narrowed its losses to Rs 21 crores during the March quarter. The company has reported a loss of Rs 69 crore during the corresponding quarter of the previous financial year, Rallis India said in a regulatory filing. Revenue from operations of the company declined 16.63 per cent during the quarter under review to Rs 436 crore compared to Rs 523 crore in the same period of the previous year. However, for the entire FY24, the company's net profit was Rs 148 crore compared to Rs 92 crore in FY23. Revenue from operations of the company dipped 11.82 per cent to Rs 2,642 crore in FY24, compared to Rs 2,967 crore in the previous fiscal. "Our net profit in FY24 is Rs 148 crore compared to Rs 92 crore for FY23. We reported revenue at Rs 2,648 crore in FY24, lower by 11 per cent over the previous year in the backdrop of continuing challenges in the exports demand and low agro-chemical prices," Rallis India Managing ..