Q1 Results Updates: Rallis India Profit Doubles; HCLTech Profit Misses Estimates; Tata Tech Profit Falls
Get all the latest earnings updates, dividend news and board approvals from 25 companies releasing their Q1 results on July 14.
KEY HIGHLIGHTS
Q1 Results Live: HCLTech's Multiple Ramp Downs
Historically, the June quarter is a soft quarter, said C Vijayakumar, the CEO. The company had multiple ramp downs on the account of mismatch in skills and geography, he added.
Source: Earnings Con Call
Q1 Results Live: HCLTech Sees 100 Bps Impact In Q2
Strong demand continues in financial & technology, with utilisation impact to continue in the second quarter, as per HCLTech management.
Overall, a 100 basis points impact is expected on September quarter numbers.
Source: Earnings Con Call
Q1 Results Live: Tata Tech Attributes Margin Drop Partially To AI Investment
30 basis points margin drop was on the account of investment in GenAI.
80 basis points margin drop was linked to utilisation drop on the account of specialised hiring, skill and location mismatch & one of the clients filed for bankruptcy.
Rest was change in the mix of services.
Source: Earnings Con Call
Q1 Results Live: HCLTech Focusing On AI Initiatives
The company focuses on AI driven initiatives, and compliment multiple offerings with regards to AI in the current quarter.
Source: Earnings Presser
Q1 Results Live: HCLTech's Top Five Takeaways
Q1FY26 results miss EBIT margin estimates at 16.3% versus estimate of 17.4%.
Lower end of FY26 guidance revised from 2-5% earlier to 3-5% now.
FY26 EBIT margin guidance lowered from 18%-19% to 17%-18% now.
Deal wins lower than estimate at $1.8 billion versus estimate of $2.3 billion.
Employee expenses up 2% QoQ versus revenue growth of 0.3%.
