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Ireda Q3 Results: Profit Rises 26.7% To Rs 425 Crore
GTPL Hathway Result Highlight (YoY)
Revenue up 4.3% to Rs 887.27 crore versus Rs 850.88 crore.
Net profit down 61% to Rs 9.62 crore versus Rs 24.67 crore.
Ebitda down 13% to Rs 105.38 crore versus Rs 120.72 crore.
Margin at 11.9% versus 14.2%.
Shares of Ireda ended 3.26% lower at Rs 216.09 apiece on the National Stock Exchange ahead of the results announcement, compared to a 0.69% decline in the benchmark Nifty. The share price has advanced 109.19% in the last 12 months.
Only two analysts, ICICI Direct and Phillip Securities, are tracking IREDA, according to Bloomberg data. One maintains a 'buy' rating and one suggests 'sell.' The average 12-month consensus price target implies an upside of 29.6%.
Ireda outstanding loan book reached Rs 69,000 crore as of December 31, 2024, marking a 36% rise from the Rs 50,580 crore recorded a year ago.
Indian Renewable Energy Development Agency Ltd. posted a 129% year-on-year increase in loan sanctions, amounting to Rs 31,087 crore in third quarter, compared to Rs 13,558 crore in the corresponding period of 2023.
For the December quarter, Ireda registered a 41% year-on-year growth in loan disbursements in the third quarter, reaching a total of Rs 17,236 crore, up from Rs 12,220 crore in the same period last year.
Healthcare vertical is still a wait and watch, said K Krithivasan, CEO at TCS, during the press conference on Thursday. This comes as the company awaits more clarity in healthcare and manufacturing.
TCS expected to see better business in financial year 2025, but that did not pan out said K Krithivasan, CEO at TCS, during the press conference on Thursday.
He further added that the company is not seeing any pricing pressure or demand softness.
TCS is seeing more confidence in customers, which was not seen last quarter said K Krithivasan, CEO at TCS, during the press conference on Thursday.
The deal cycle will be longer next quarter, said Krithivasan. He further added that the mix of deals was changing and this gave the company confidence for a better year.
TCS is committed to 26%-28% margin guidance, said CFO Samir Seksaria, during the press conference on Thursday.
He further added that it will be coming closer to the 26% mark.
K Krithivasan, CEO at TCS said that the IT giant is bullish on regional markets. He said that the company is happy with the regional growth as it is growing consistently.
However, he added that the growth in India is contributed by non-BSNL businesses and BSNL is not a huge contributor.
Krithivasan further said that positive bias is seen for budget, but it is still early days he added.
Samir Seksaria, CFO, TCS said that the company is seeing cross currency movements. Seksaria further added that consistency of hedging policy helped the IT giant, and it is limiting exchange volatility to consistent hedging program.
TCS sees early sign of revival for discretionary spend said K Krithivasan, CEO, TCS during the press conference on Thursday. These signs are on the back of positive growth in North America in BFSI.
He clarified that it has not fully recovered, but there are signs.
TCS plans to hire over 40,000 freshers in the next financial year said Milind Lakkad, CHRO at TCS during the press conference on Thursday.
Talking about salary hikes Lakkad said it was done this year with 1.10 lakh promotions already done this year.
Talking about the attrition for the quarter Milind Lakkad, CHRO at TCS said that the attrition level is in the comfort range. Lakkad also added that the company expects the attrition levels to dip.
He further explained that there is no linear correlation between growth and headcount. In the last two quarters they have added 11,000 freshers and on track with 40,000 target.
The margins improved by operational efficiency in productivity, utilisation, said Samir Seksaria, CFO, TCS during the press conference on Thursday. He further added that this provides further opportunity through the year and the company will Be banking on it to further improve margins.
The order Book closure for the third quarter stands At $10.2 billion, said K Krithivasan, CEO, TCS during the press conference on Thursday.
TCS is seeing continued momentum in AI adoption with clients also investing in the segment said K Krithivasan, CEO, TCS during the press conference on Thursday.
He further said that the company saw increase in production deployment of AI engagement.
The customer metrics remained strong and resilient in the third quarter said K Krithivasan, CEO, TCS during the press conference on Thursday.
The order book represents strong closure over the second quarter this according to him gives confidence and comfort on the outlook for future.
WATCH: TCS Q3 Press Conference Live As Profit Of IT Giant Rises; Dividend Announced
Gen AI/AI and cloud services continued to see significant growth for TCS in this quarter, the company said on Thursday. The company further added that clients are investing in agentic AI adoption
Cyber Security Services and solutions saw a strong growth in the quarter.
This quarter saw a good number of large deals for the services segment.
Source: Press Release
TCS board on Thursday approved acquisition of land held by Tata Realty and Infrastructure at Rs 1,625 crore for delivery centers.
Source: Exchange Filing
Tata Consultancy Services Ltd. growth was led by consumer business group, energy, resources and utilities and regional markets, the company said through an exchange filing on Thursday.
The growth markets include India, Middle East & Africa, Latin America and Asia Pacific.
TCS will now address the media in a press conference at 5:30 p.m. The interaction will be telecast live on NDTV Profit channel and also streamed live on NDTV Profit's YouTube channel.
Tata Consultancy Services Ltd. said on Thursday that its employee count decreased by 5,370 during the October-December period, while the attrition for the last 12 months stood at 13%. The total employee count stood at 6,07,354 by the end of December, according to its notification to the exchanges.
Tata Elxsi Q3 Results: Profit Falls 13%, Misses Estimates
“We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead,” according to K Krithivasan, chief executive officer and managing director at TCS.
TCS Announces Dividend Of Rs 76 Per Share
TCS Q3 Results: Net Profit Rises 4%, In Line With Estimates
Hindustan Unilever Ltd. will announce its third quarter earnings on Jan. 22.
Source: Exchange Filling.
The company’s Total Contract Value stood at $8.6 billion in the second quarter, sequentially 3.6% higher from $8.3 billion recorded in the preceding quarter. However, on a YoY basis, TCV has dipped 34.8% in September quarter.
The company's board of directors will meet on Jan. 9 to review and approve the audited standalone financial results for the quarter, as per the stock exchange filing. TCS plans to release its third-quarter results after market hours on Thursday.
TCS' leadership team will address the media in a press conference at 5:30 p.m. on Thursday. The interaction will be telecast live on NDTV Profit and also streamed live on NDTV Profit's YouTube channel.
The Company will also host an Earnings conference call at 7 p.m., during which the leadership team will discuss financial performance and take questions.
TCS is expected to consider and approve the third interim dividend for the financial year 2025. The company has set Jan. 17 as the record date to determine shareholders' eligibility for the dividend payout.
"The Third Interim Dividend, if declared at the Meeting of Board of Directors to be held on Thursday, Jan. 9, 2025, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, Jan. 17, 2025, which is the Record Date fixed for the purpose," the company said in its stock exchange filing.
Here are the key things to watch out for in the third quarter earnings of Tata Consultancy Services.
Demand and margin outlook.
Discretionary trends and client budget outlook.
BSNL deal ramp-down schedule.
Growth in the BFSI space.
Tata Consultancy Services' profit fell in the second quarter of fiscal 2025, missing estimates, even as its revenue rose during the period.
Profit of the IT major was down 1.1% at Rs 11,909 crore in the July-September period. This compares to a Bloomberg estimate of Rs 12,543 crore. The company's revenue rose 2.6% to Rs 64,259 crore, compared to the Bloomberg estimate of Rs 64,186 crore.
TCS Q2 Results - Key Highlights (QoQ)
Revenue up 2.6% at Rs 64,259 crore (Bloomberg estimate: Rs 64,186 crore).
Ebit increased 0.2% to Rs 15,469 crore (Bloomberg estimate: Rs 15,995 crore).
Margin expanded by 50 basis points to 24.1% (Bloomberg estimate: 24.90%).
Net profit fell 1.1% to Rs 11,909 crore (Bloomberg estimate: Rs 12,543 crore).
Even as profit fell quarter on quarter, it rose 5% year-on-year. Margins came in at 24.1%, lower than 24.7% recorded in the first quarter, although the company had hoped to inch up. While the revenue growth was in line with market expectations, profit and margins were a miss.
IT Q3 Results Preview: Seasonal Weakness To Weigh On Growth
TCS Share Price Down Ahead Of Q3 Results
TCS’ revenue may decline by 0.3% sequentially, impacted by usual furloughs and slightly lower contribution from BSNL deal.
Margins are expected to increase by 45bps QoQ, due to lower contribution from BSNL and absence of client specific issues in healthcare, as seen in second quarter. Deal wins are likely to be steady, driven by cost take out deals, Jefferies said.
“Decent deal wins in USD 7-9b range. Growth should be flattish as we expect growth momentum in BFSI and Hi -Tech will be offset by decline in regional markets revenue,” DAM Capital noted.
In the second quarter, the company’s Total Contract Value stood at $8.6 billion, sequentially 3.6% higher from $8.3 billion recorded in preceding quarter. However, on a YoY basis, TCV had dipped 34.8%.
JM Financial expects flat revenue growth, with 95 basis points cross currency tailwind translating into 1% decline QoQ in USD revenue terms. “We estimate $60 million decline in BSNL deal; excluding regional markets (where BSNL is housed), we expect +1% cc QoQ,” it said.
Employee headcount and the attrition rate will be among the key factors to watch out for in the third quarter earnings scheduled to announce today.
In the second quarter, employee headcount increased by 5,726 employees, bringing the total to 6,12,724. The attrition rate in the second quarter inched up marginally to 12.3% from 12.1% in Q1.
TCS’ updates on hiring plans including freshers and laterals for FY26, are to be watched out for, as a revival in hiring gives an insight into the demand and project pipeline of the company.
TCS Q3 Results Preview: Margins Expected To Improve, Profit May Rise 5.3%
Tata Consultancy Services Ltd.'s share price fell 0.2% on market open on Thursday, ahead of its third-quarter financial results. The scrip was trading at Rs 4,109 apiece as of 9:24 a.m. and the relative strength index was 42.
In a seasonally weak third quarter, the company is expected to see improvement in its margins, due to absence of a wage hike. While profit is expected to rise sequentially, revenue may remain flattish, with furloughs weighing in and contribution from BSNL deal reducing, as per Jefferies.
The stock closed nearly 2% higher on Wednesday, while its fallen 7.7% in the last 30 days.
Thirty out of the 49 analysts tracking TCS have a 'buy' rating on the stock, 13 recommend a 'hold' and six suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price target of Rs 4,527 implies a potential upside of 10.4%.
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