Asset quality takes hit with NPAs surging to 7.75%
Amid the muted economic activity, analysts across the board, expect the lender's bottomline to shrink during the quarter on a sequential basis even as they see up to 30 per cent year-on-year growth
The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each
HCL Tech Q1 preview: Most analysts expect a contraction in HCL Tech's margin, hurt by wage hikes in Q4 and investment in geo & sales expansion.
The current price action of these three stocks needs breakout to gain further traction, suggest charts
The robust growth guidance, coupled with healthy deal wins and traction in digital technologies prompt ICICI Securities to be positive on the stock
Pidilite Industries announced the appointment of Sudhanshu Vats as the company's deputy managing director
Its consolidated revenue from operations rose to Rs 18,252.4 crore from Rs 14,913.1 crore in the year-ago quarter
HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers
The stock of the internet software and services company surpassed its previous high of Rs 3,062.45 hit on April 9, 2021
'This has been a landmark quarter for us with the company. Q1FY22 saw the fastest growth in the last 10 years,' says CEO Salil Parekh
L&T Technology Services (LTTS) on Wednesday reported an 84 per cent jump in its June quarter net at Rs 216.2 crore, largely on widening margins. The city-based company, the engineering and research and development services arm of the infra major L&T, had posted a net profit of Rs 117.2 crore in the year-ago period. Its overall revenue increased by 19.42 per cent to Rs 1,562.6 crore for the reporting quarter, while the operating profit widened 5.20 per cent to 17.3 per cent, its highest ever. "Certain degree of normalcy has come back in the US and also Europe (which contribute over 80 per cent of revenues). Decision making has come back. Japan and India will also eventually come back," its newly-inducted chief executive and managing director Amit Chadha told PTI. Chadha said the company is now upping its revenue growth guidance to 15-17 per cent in FY22 as against the earlier 13-15 per cent because of the prospects that it sees, and is also more confident about the profit ...
The company's Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 per cent YoY, as against Rs 23,665 crore posted in the June quarter of FY21
Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY
Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note
ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality
In dollar terms, Mindtree's revenue grew 7.7% sequentially and profit was up by 7.5%
The firm was helped higher sales and price realisation
Infosys' outlook will be key to watch, with many brokerages penciling in a rise in the company's FY22 revenue guidance
Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today