Scan to Download
With this, we end today's coverage of quarterly results. Key announcements in focus tomorrow include:
Axis Bank
HDB Financial Services
IRFC
L&T Finance
Tata Communications
(This live blog has ended).
Automotive has been broadly stable
Logistics segments sees strong tailwind
Commercial segment continues to face headwinds
Source: Con Call
CC growth marks strongest growth over last 10 quarters
Communications segment sees a downtick
Co recognised as a key player in Govt AI mission
Deal wins were broad based for Q2
Eighth consecutive quarter of margin expansion
Margin expansion on back of currency tailwinds, productivity & increase in volume
Source: Presser
Revenue in USD is $1,586 million - up 1.4% QoQ, down 0.2% YoY in reported terms and up 1.6% QoQ, down by 0.3% YoY in constant currency terms.
New deal wins TCV at $816 million
IT services last 12-month attrition at 12.8%
Total headcount at 152,714; down 1,559 YoY
Tech Mahindra Q2 Highlights (Consolidated, QoQ)
Revenue up 4.8% to Rs 13,994.90 crore versus Rs 13,351.20 crore (Estimate: Rs 13,777.50 crore)
Net Profit up 5% to Rs 1,194.50 crore versus Rs 1,140.60 crore (Estimate: Rs 1,285 crore)
Ebit up 15% to Rs 1,699.30 crore versus Rs 1,477.10 crore (Estimate: Rs 1,609 crore)
Margin at 12.1% versus 11.1% (Estimate: 11.67%)
Announces dividend of Rs 15 per share
ICICI Lombard General Insurance Co Q2 Highlights (Consolidated, YoY)
Total income up 12.5% to Rs 6,583 crore versus Rs 5,851 crore
Net Profit up 18.1% to Rs 820 crore versus Rs 694 crore
To pay interim dividend of Rs 6.5 per share
The company is likely to announce its September quarter results on Oct. 24.
Source: Exchange Filing
Cyient DLM Q2 Highlights (Consolidated, YoY)
Revenue down 20.2% to Rs 310.60 crore versus Rs 389.40 crore
Net Profit at Rs 32 crore versus Rs 15 crore
Ebitda down 1% to Rs 31.20 crore versus Rs 31.60 crore
Margin at 10.0% versus 8.1%
Thyrocare Technologies Q2 Highlights (Consolidated, YoY)
Revenue up 22.1% to Rs 216.53 crore versus Rs 177.36 crore
Net Profit up 81% to Rs 47.81 crore versus Rs 26.42 crore
Ebitda up 48% to Rs 71.35 crore versus Rs 48.29 crore
Margin at 33% versus 27.2%
Persistent Systems Q2 Highlights (Consolidated, QoQ)
Revenue up 7.4% to Rs 3,580.70 crore versus Rs 3,333.50 crore
Net Profit up 11% to Rs 471.40 crore versus Rs 424.90 crore
Ebit up 13% to Rs 583.00 crore versus Rs 517.70 crore
Margin at 16.3% versus 15.5%
Shares of the bank ended 3.35% lower at Rs 55.65 apiece, post the release of their financial results.
Shares of the bank ended 3.35% lower at Rs 55.65 apiece, post the release of their financial results.
Navkar Corp Q2 Highlights (Consolidated, YoY)
Revenue up 19.5% at Rs 162 crore versus Rs 136 crore
EBITDA up 39% at Rs 24.4 crore versus Rs 17.5 crore
Margin at 15% versus 12.9%
Net Profit of Rs 4.4 crore versus loss of Rs 2.3 crore
Bank Of Maharahstra Q2 Highlights (Standalone)
Net Profit up 23% at Rs 1,633 crore versus Rs 1,327 crore (YoY)
Gross NPA at 1.72% versus 1.74% (QoQ)
Net NPA flat at 0.18% (QoQ)
NII up 15.7% at Rs 3,248 crore versus Rs 2,807 crore (YoY)
Operating Profit up 17% at Rs 2,574 crore versus Rs 2,202 crore (YoY)
Provisions down 8.1% at Rs 756 crore versus Rs 822 crore (YoY)
Provisions down 13% at Rs 756 crore versus Rs 867 crore (QoQ)
Loan growth remained strong across most lenders during the quarter, supported by higher deposit mobilisation and an improvement in loan-to-deposit ratios. However, analysts expect profitability to be hit by margin pressure following the Reserve Bank of India's earlier repo-rate cuts and reduced treasury income.
Shares of ICICI Prudential Life jumped as much as 3% after the Q2 results.
Shares of ICICI Prudential Life jumped as much as 3% after the Q2 results.
ICICI Prudential Life Insurance Co (Consolidated, YoY)
Net Profit up 18% at Rs 296 crore versus Rs 251 crore.
Net Premium Income up 10% at Rs 11,843 crore versus Rs 10,754 crore.
AUM up 0.3% at Rs 3.21 lakh crore
ICICI Prudential Life Insurance Co (Consolidated, QoQ)
13th Month Persistency Ratio at 82.4% versus 82.5%
61st Month Persistency Ratio at 59.4% versus 62.8%
Solvency Ratio at 213.2% versus 212.3%
The shares of Tech Mahindra rose over 1% ahead of the company posting its second quarter results.
The shares of Tech Mahindra rose over 1% ahead of the company posting its second quarter results.
India's banks are expected to report softer earnings for the September quarter, as narrowing net interest margins and weak trading gains weigh on profitability. Analysts, however, see stability in core earnings and expect commentary to turn more constructive on growth and asset quality.
Brokerages expect Tech Mahindra's revenue growth between 0.7% and 0.8% in constant currency terms, driven by steady deal ramp-ups and stable performance in the communications vertical. Analysts see sequential growth supported by improved execution of large deals and traction in enterprise, banking and retail segments, though the telecom business is expected to remain flat.
Cyient DLM Ltd. will also be reporting its results for the quarter on Tuesday. The company is likely to report a net profit of Rs 7.49 crore and revenue of Rs 278.4 crore, according to estimates.
Tech Mahindra is likely to clock a 12.7% rise in net profit at Rs 1,285 crore and a near 3% rise in revenue to Rs 13,777 crore for the quarter ended September, according to a survey of analysts' estimates done by Bloomberg.
IREDA Q2 Highlights
Revenue up 26.2% at Rs 2,057 crore versus Rs 1,630 crore.
Net Interest Income up 49.4% at Rs 817 crore versus Rs 547 crore.
Net Profit up 42% at Rs 549.33 crore versus Rs 387.75 crore.
Hello and welcome to NDTV Profit's live coverage of the first-quarter earnings season. The financial landscape is buzzing today, as various players are set to announce their performance for the second quarter.
Names like IREDA, Tech Mahindra, ICICI Pru Life, Cyient and more are in focus today as they post their results.
This is your front-row seat to the earnings action, so stay with us for real-time updates, analysis of the numbers, and all the key details that companies will be putting out through the day!
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
