WIPRO LTD Q4 RESULTS
Reliance Jio Q2 Results: Profit jumps 23% YoY to Rs 6,539 crore, revenue up 18%; ARPU rises 7% to Rs 195.1
Reliance Jio Q2 Results 2024: Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by the company in the corresponding quarter of the previous financial year.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
RIL Q2 Results: Net profit falls 5% YoY to Rs 16,563 crore, but beats estimates
Reliance Industries Q2 Results: The company exceeded profit forecasts in the second quarter, despite a marginal 0.2% YoY revenue growth to Rs 2.35 lakh crore and a 2% decline in EBITDA. The company's profit beat the ET Now poll estimate of Rs 15,716 crore, signalling strength despite the slight dip in revenue and EBITDA. EBITDA margins also decreased by 50 basis points to 17%.
HCL Tech Q2 Results: Cons PAT jumps 10.5% YoY to Rs 4,235 crore, beats estimates
HCL Tech Q2 Results: Company exceeded expectations with an 8.2% YoY revenue increase to Rs 28,862 crore and a 10.5% jump in profit to Rs 4,235 crore. Both figures surpassed analyst estimates. The company projects continued growth, forecasting a 3.5%-5% rise in revenue and an 18%-19% EBIT margin for the coming year. Chairperson Roshni Nadar Malhotra emphasized HCL Tech's commitment to sustainable growth and upskilling its workforce in next-generation technologies.
Stock to watch: HCL Tech shares in focus ahead of Q2 results today
HCL Tech Share Price: HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth.
Wipro shares rise 3% as board to consider bonus issue along with Q2 results
Wipro shares increased by 3% on BSE following the announcement that its board will consider issuing bonus shares in October 2024. This move aims to make stock more affordable for investors. All shareholders owning shares before the record date will be eligible. Wipro has seen a 13% rise in its shares in 2024 so far.
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DMart shares slip 9% after downgrades from brokerage firms on Q2 miss
Dmart Share Price: Shares of Avenue Supermarts-owned DMart dropped by 9.3% following disappointing Q2 earnings, leading to downgrades from major brokerage firms. Q2 profit saw an 8% YoY jump but decreased by over 12% from the prior quarter, with revenues rising 14%. Increased costs and competition from online grocery formats impacted the results.
HCL Tech Q2 preview: PAT may jump 5-15% YoY; up to 9% revenue growth seen
HCL Technologies, India’s third largest IT company by market capitalisation, is projected to achieve YoY revenue growth of 7.1%-9.2% and net profit growth between 4.9%-15% for Q2FY25. Key indicators include FY25 guidance, ERD/products outlook, deal TCVs, and pipeline scrutiny.
RIL Q2 Preview: PAT may fall 10% YoY; weak O2C seen hurting operational performance
Reliance Industries is expected to report muted earnings for the second quarter due to weakness in the oil-to-chemicals segment. Net profit is projected to fall by 10% year-on-year, while sales might marginally decline. Strong performance in consumer businesses and the ONG segment could offset the weak O2C performance.
Wipro to consider issuing bonus shares ahead of Q2 results
The Bengaluru-headquartered firm posted a 4.6% year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore. Its revenue declined 3.8% to Rs 21,963.8 crore.
Wipro board to consider bonus issue of shares along with Q2 results
Wipro's Board plans to consider issuing bonus shares to investors during its October 16-17 meeting while revealing September 2024 quarter results. This move aims to boost stock liquidity and affordability. The bonus shares will be fully paid and retain the same rights as existing shares.
Q2 results this week: RIL, HDFC Bank, Infosys among 145 companies to announce earnings
The second quarter earnings season is underway and as many as 145 companies will declare their results this week. Some of the marquee names include Axis Bank, Bajaj Auto, Reliance Industries, Tech Mahindra, Infosys, Nestle, HCL Tech among others.
DMart Q2 Results: Standalone PAT jumps 8% YoY to Rs 710 crore, revenue up 14%
Avenue Supermarts, which opeartes DMart stores reported an 8% year-on-year jump in its September quarter standalone net profit at Rs 710.37 crore versus Rs 658.54 crore reported in the year ago period.
Just Dial Q2 Results: Net profit zooms 114% YoY to Rs 154 crore, revenue up 9%
The company's net revenue from operations for the reported quarter was ₹285 crore, reflecting a 9% increase from ₹261 crore in the same quarter of the previous financial year.
Pressure amps up on Infosys, Wipro to beat high expectations amid correction woes
Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.
DMart Q2 Preview: PAT may rise 13% YoY; revenue growth to be driven by store expansion
DMart is expected to show a steady performance in Q2, driven by 14% YoY revenue growth and store additions. Several brokerages forecast net profit increases up to 19% YoY. Revenue growth is primarily attributed to higher inflation and store expansion, with anticipated EBITDA margin improvements.
TCS shares fall as Q2 profit misses estimates. Should you buy, sell or hold?
TCS reported a 5% growth in Q2 net profit to Rs 11,909 crore, falling short of expectations. Revenue increased 8% YoY. Analysts hold mixed views; JPMorgan and Nuvama maintain 'Buy' ratings, while Citi and Investec advise 'Sell' due to ongoing client-specific issues.
IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have delivered strong returns, with Coforge, LTIMindtree, and Infosys leading the gains over the past three months. As Q2FY25 earnings commence, Indian IT companies are expected to show single-digit revenue growth, and brokerages favor Infosys, HCL Technologies, and Persistent Systems.
TCS Q2 Results: Profit rises 5% YoY to Rs 11,909 crore, misses estimates
TCS Q2 Results: Tata Consultancy Services (TCS), India's leading software exporter, reported a 5% growth in consolidated net profit, reaching Rs 11,909 crore for Q2 ended September 2024, compared to Rs 11,342 crore in the same period last year. However, this figure fell short of analysts' expectations, which estimated a profit of Rs 12,450 crore. Revenue from operations rose 8% year-on-year to Rs 64,259 crore.
TCS Q2 results today: Here are 5 things to watch out for
TCS is set to announce its Q2FY25 earnings, with analysts expecting revenue growth of up to 7.7% YoY, and net profit to rise by 8-10%. Key focus areas include discretionary spending, deal ramp-up, customer behavior post Fed rate cuts, and potential interim dividends.
Q2 results may be India Inc's worst quarter in 4 years. Investors brace for more downgrades
India's stocks are expected to see their worst quarterly earnings since the 2020 lockdowns. Analysts predict Nifty's earnings will grow only 2% in the September quarter. This slowdown is driven by demand issues. Sectors like BFSI, healthcare, and utilities may see some growth, while commodity sectors struggle.
Motilal cuts Nifty EPS estimates by 4%, picks 20 stocks ahead of Q2 results
Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.
Q2 results season begins this week with TCS, IREDA, DMart. Check out the earnings calendar
TCS will kick off the earnings season on October 10, reporting its Q2 results alongside companies like Tata Elxsi and DMart. Key earnings to watch include TCS’s revenue growth and DMart's significant profit jump in Q1 FY25. Other notable companies reporting include Lotus Chocolates and Anand Rathi Wealth.
IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve
Indian IT cos are projected to see up to 4% revenue growth for the quarter ending September 30, 2024. Analysts foresee positive trends for FY25, with large-cap firms anticipated to show stable or slight increases in earnings, driven by volume growth and new deals.
Big IT expects growth momentum to continue in September quarter
India’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be better than the first quarter on the back of deal revival and an improvement in business sentiment in North America.
Decoding Swiggy’s Rs 10,000 crore IPO; PSMC on India’s chip play
Swiggy has filed its updated draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). This and more in today’s ETtech Top 5.
Accenture unveils $4 bln share buyback as AI powers strong fourth quarterly revenue
Accenture Q4 Results 2024: Accenture, headquartered in Dublin, exceeded analyst forecasts by reporting a fourth-quarter revenue of $16.41 billion, surpassing the anticipated $16.38 billion, as per LSEG data.
Accenture forecasts annual revenue below estimates
Accenture Q4 results 2024: The company said it expects to report annual revenue growth between 3% and 6%, the midpoint of which was below the analysts' average estimate of 5.9% growth, according to LSEG data.
Wipro Q1 Results: Cons PAT rises 5% YoY to Rs 3,003 cr, revenue drops 4%
Wipro Q1 Results: The IT major's Q4 revenue dipped 4% to Rs 21,964 crore, falling short of analyst expectations of Rs 22,258 crore. The IT services segment experienced a 1.2% decline in revenue at $2,625.9 million, compared to the previous quarter. It dropped 5.5% when compared to the same quarter last year. After non-GAAP and constant currency adjustments, the revenue showed a drop of 1% QoQ and 4.9% YoY.
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