Q2 Results Updates: TCS Profit Beats Estimates, Declares Dividend; Tata Elxsi Revenue Up 3%
TCS, Tata Elxsi, and GM Breweries announced their Q2 results on Thursday.
Q2 Results Live Updates: Earnings In Focus
We come to an end of the first day of September quarter earnings, kicked off by IT giant TCS. Results in focus on Friday include Elecon Engineering Company, Waaree Renewable Technologies and more.
See you tomorrow!
(This live blog has ended).
Q2 Business Updates Live: Gujarat Pipavav Container Cargo Down, Liquid Cargo Up
Gujarat Pipavav Q2 Business Update (YoY)
Containers cargo volume handled down 8% at 1.64 lakh TEUs
Dry bulk cargo volume at 1.05 MMT
Liquid cargo volume handled up 15% at 0.38 MMT
Source: Exchange filing
Q2 Business Updates Live: Mahindra & Mahindra Export Volume Up 44%
Mahindra & Mahindra Q2 Business Update (YoY)
Total Production Volume up 24.4% at 99,758 units
Total Sales Volume up 14% at 97,744 units
Total Export Volume up 44% at 4,458 units
Source: Exchange filing
TCS Q2 Results Live Updates: On H-1B Visas
Localisation efforts continue in the US, with only about 500 associates currently working there on H1B visas
TCS said its business model remains adaptable to potential changes in US immigration policy
TCS Q2 Results Live Updates: Project Deferrals Reduced
Project deferral in Q2 have reduced over Q1
Capex for data centre will be from co & partners
Co to have uniformed capex for data centres
Recovery has taken place for cyber security issue & co expects projects to ramp up in coming months
Investment in data centre aligns and forms group synergies for Tata group
Source: Con Call
