Tata Power: Company gets LoI to buy Jalpura Khurja Power Transmission; to develop transmission project with cost of Rs 838 crore (Positive) Crisil: Net profit of Rs 231.0 cr, up 110.4 percent, Revenue up 34.3% at Rs 628.0 cr (YoY) (Positive) Defence stocks: DAC clears capital acquisition proposals worth ₹84,560 cr (Positive) NTPC: Company signs …
Tata Power: Company gets LoI to buy Jalpura Khurja Power Transmission; to develop transmission project with cost of Rs 838 crore (Positive) Crisil: Net profit of Rs 231.0 cr, up 110.4 percent, Revenue up 34.3% at Rs 628.0 cr (YoY) (Positive) Defence stocks: DAC clears capital acquisition proposals worth ₹84,560 cr (Positive) NTPC: Company signs …
IRCTC Q3 FY24 (Consolidated, YoY) Revenue up 21.81% at Rs 1,118.3 crore vs Rs 918.06 crore (Bloomberg estimate: Rs 1,069.78 crore). Ebitda up 20.92% at Rs 393.97 crore vs Rs 325.8 crore (Bloomberg estimate: Rs 377.03 crore). Margin narrows 25 bps to 35.22% vs 35.48% (Bloomberg estimate: 35.20%). Net profit up 17.4% at Rs 299.99 …
HDFC Life Insurance Company Ltd https://www.sharekhan.com/MediaGalary/StockIdea/HDFC_Life-Jan15_2024.pdf Weak Q3 BUYu0009CMP : Rs. 615u0009PT : Rs. 750u0009 HDFC Life reported ~2% y-o-y decline in APE (~7% below estimates) resulting in VNB declining by ~2% y-o-y (missing our estimates by ~10%). However, VNB margins stood at 26.8% stable y-o-y. Lower APE was led by lower Non-PAR (-32%), Group …
India’s second largest IT services company, Infosys reported a 1.7% fall in its consolidated net profit for Q3FY24 to ₹6,106 crore from ₹6,212 crore in Q2FY24. The company’s revenue during the quarter fell by 0.4% to ₹38,821 crore from ₹38,994 crore, QoQ. Its revenues in constant currency (CC) terms also declined to $4,663 million. Operating …
Infosys Ltd impressed Dalal Street analysts with its Q3 execution, with margins and sequential revenue in constant currency (CC) terms beating Street estimates, and the revision in FY24 revenue guidance coming in broadly in line with analyst estimates. The net new deal wins for the quarter was a positive surprise. Still analysts are mixed over …
IT major Infosys on Thursday reported a consolidated net profit of Rs 6,106 crore for the quarter ended December, which was down 7% from Rs 6,586 crore reported in the previous year quarter. The profit figure was slightly below the ET NOW poll estimate of Rs 6140 crore. Revenue from operations during the third quarter …
Infosys Ltd., TCS Ltd., Wipro Ltd., and Tech Mahindra Ltd., four out of India’s top six technology services companies, that are also part of the Nifty 50 index, may see US Dollar revenue decline during the December quarter, according to a CNBC-TV18 poll. This quarter is likely to be a weak one for these companies …
Equity benchmark indices reached fresh milestones on Monday (December 11) tracking positive global cues but witnessed some selling pressure at higher levels. The 30-pack Sensex scaled the 70,000-mark for the first time while the Nifty hit a new high of 21,026.10 as the bull run continued. At close, the Sensex was up 102.93 points, or …