HCL Technologies on Monday reported a 10% fall in its Q1FY26 consolidated net profit at Rs 3,843 crore ve ...More

HCL Technologies on Monday reported a 10% fall in its Q1FY26 consolidated net profit at Rs 3,843 crore versus Rs 4,257 in the year ago period. The net profit is attributable to the owners of the company and was lower than Street's estimates of Rs 4,224 crore. ...Less

Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 ...More

Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 crore, driven by deal wins, media and transportation growth, stronger margins, and a recommended Rs 75 dividend for shareholders ...Less

HCLTech’s attrition for the quarter stood at 16.3% compared to 19.5% reported last quarter. The 12-month ...More

HCLTech’s attrition for the quarter stood at 16.3% compared to 19.5% reported last quarter. The 12-month trailing attrition rate is at 16.3%, compared to 19.5% a quarter ago. Its headcount in the first quarter stood at 223,438 with a drop of 2,506 over the previous quarter, said Ramachandran Sundararajan, chief people officer. The company, however, added 1,597 freshers during the quarter. ...Less

The better than expected financial numbers and a sustained business momentum may help in limiting the dow ...More

The better than expected financial numbers and a sustained business momentum may help in limiting the downside for the stock subject to the extent of weakness in the broader market. ...Less

HCL Tech Q1 Results: Revenue for the quarter rose 16.92 per cent YoY to Rs 23,464 crore compared with Rs ...More

HCL Tech Q1 Results: Revenue for the quarter rose 16.92 per cent YoY to Rs 23,464 crore compared with Rs 20,068 crore in the same quarter last year. ...Less

Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 c ...More

Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% increase compared to the previous year. Revenue also saw a healthy rise of 8.3% to Rs 763 crore. This marks the company's inaugural earnings report following its stock market debut. ...Less

HCL Technologies reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June qua ...More

HCL Technologies reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 3,534 crore. ...Less

The IT major reported a 5.3 per cent profit growth on sequential basis, the company said in a BSE filing. ...More

The IT major reported a 5.3 per cent profit growth on sequential basis, the company said in a BSE filing. ...Less

HCL Tech maintained its FY20 revenue guidance at 14-16 per cent in constant currency terms. ...More

HCL Tech maintained its FY20 revenue guidance at 14-16 per cent in constant currency terms. ...Less

YES Securities sees HCL Technologies to log a 1.7 per cent YoY rise in net profit at Rs 3,270 crore on a ...More

YES Securities sees HCL Technologies to log a 1.7 per cent YoY rise in net profit at Rs 3,270 crore on a 17.9 per cent rise in net sales at Rs 23,659.60 crore. It expects growth in product business to be muted, but IT services would be able to maintain growth momentum. ...Less

On Wednesday, shares of HCL Technologies dropped more than 2.4 per cent to Rs 905.20, before making a mar ...More

On Wednesday, shares of HCL Technologies dropped more than 2.4 per cent to Rs 905.20, before making a marginal recovery to Rs 912.20 at 9.40 am. The scrip had settled at Rs 928.05 on Tuesday. Morgan Stanley, which has a target price of Rs 1,300, is equal weight on the IT bluechip as it believes that earnings risk is likely to keep a check on the re-rating prospects of the company. ...Less

This largely impacted the operating margin negatively. However, the worst is over, and there are green sh ...More

This largely impacted the operating margin negatively. However, the worst is over, and there are green shoots in terms of demand as they have started executing well. The BFSI sector in North America is still under stress, but we expect demand to improve going forward. ...Less

Here are the key takeaways from Q1 earnings. ...More

Here are the key takeaways from Q1 earnings. ...Less

HCL said it plans to hire more full stack engineers, which will include market hires, freshers and others ...More

HCL said it plans to hire more full stack engineers, which will include market hires, freshers and others. ...Less

The unfavourable macroeconomic conditions in the key markets of the US and Europe have affected the spend ...More

The unfavourable macroeconomic conditions in the key markets of the US and Europe have affected the spending behaviour of the clients, which is expected to affect the performance of the Indian software exporters. During such challenging times, the management commentary of these companies will be crucial in determining the medium and long term demand trend ...Less

HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to ...More

HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to increase between 4.3% and 6.8% in the third quarter. The company's adjusted net profit is anticipated to grow between 1.2% and 8.2%, according to analyst estimates. ...Less

The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a ...More

The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a slowdown in discretionary spending by clients ...Less

Motilal Oswal has named 4 companies as their top picks in the large and mid-cap segments, with a focus on ...More

Motilal Oswal has named 4 companies as their top picks in the large and mid-cap segments, with a focus on companies showing strong deal momentum and sectoral exposure. ...Less

TCS has started the first quarter earnings season with positive results, signaling an improved business e ...More

TCS has started the first quarter earnings season with positive results, signaling an improved business environment. Today, HCL Tech, along with 13 other companies, will announce their earnings for the quarter ended June. Other notable companies reporting earnings include 5paisa Capital, Atharv Enterprises, Betala Global Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels. ...Less

Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys ...More

Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys and TCS led gains with Rs 62,613 crore revenue and Rs 12,040 crore net profit. MphasiS had notable intraday gains, while HCL Technologies showed growth. TCS forecasts better FY25 performance. ...Less

HDB Financial Services, post its successful IPO debut with a 13% premium, is set to announce its Q1 earni ...More

HDB Financial Services, post its successful IPO debut with a 13% premium, is set to announce its Q1 earnings, marking its first financial report as a listed entity. Emkay Global initiated coverage with a "Buy" rating, projecting further upside based on the company's robust lending franchise and bottom-up growth strategy. ...Less

HCL Tech has been selected as a strategic partner by ASN Bank in the Netherlands to modernize its IT arch ...More

HCL Tech has been selected as a strategic partner by ASN Bank in the Netherlands to modernize its IT architecture under a multi-year agreement. This collaboration aims to consolidate IT services and enhance efficiency. The IT major's Q2 net profit remained flat year-on-year, while revenue from operations saw an 11% increase. ...Less

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include H ...More

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand. ...Less

Domestic brokerage Motilal expects Nifty earnings to grow 25% YoY in Q1. Oil and gas sector may report a ...More

Domestic brokerage Motilal expects Nifty earnings to grow 25% YoY in Q1. Oil and gas sector may report a 3x surge in profit YoY underpinned by the improvement in marketing margins of OMCs. Auto sector’s earnings may surge 11x YoY during the quarter on a low base. ...Less

HCL Tech Share Price: HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected betwee ...More

HCL Tech Share Price: HCL Tech's Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth. ...Less

HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidate ...More

HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. ...Less

HCL Tech sees the maximum impact on earnings from Covid-19 in the current quarter. ...More

HCL Tech sees the maximum impact on earnings from Covid-19 in the current quarter. ...Less

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disap ...More

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand. ...Less

While TCS' June quarter numbers did not lead to upgrades, HCL Tech's figures were an all-round miss and W ...More

While TCS' June quarter numbers did not lead to upgrades, HCL Tech's figures were an all-round miss and Wipro's weak guidance drew bearish comments. But stock prices have another story to tell. Led by 7% weekly jump in Infosys and 5.6% rise in TCS, Nifty IT index ended last week higher by 4.7%. ...Less

Shares of HCL Technologies jumped over 5% and hit a 52-week high after the company reported strong Q3FY24 ...More

Shares of HCL Technologies jumped over 5% and hit a 52-week high after the company reported strong Q3FY24 numbers. The revenue beat estimates driven by the P&P business, while the EBIT margin exceeded expectations. The company narrowed its FY24 revenue guidance and maintained the margin guidance. Analysts have mixed views on the stock, with Jefferies recommending a hold, Kotak Institutional Equities reiterating an 'Add' rating, Nuvama maintaining a buy stance, and Ambit maintaining a sell call. ...Less

HCL Tech's profit after tax is expected to rise 5.5% QoQ to Rs 3,680 crore, while the EBIT margin may go ...More

HCL Tech's profit after tax is expected to rise 5.5% QoQ to Rs 3,680 crore, while the EBIT margin may go up by 5.5%, according to forecasts by brokerages. ...Less

Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies. India's third ...More

Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies. India's third-largest IT firm HCLTech told ET that senior employees will not get annual increments for this fiscal year while hikes will be deferred by a quarter for other staff. ...Less

The Nifty IT index has performed better than the Nifty 50 over the past two years. The sector's growth is ...More

The Nifty IT index has performed better than the Nifty 50 over the past two years. The sector's growth is aided by macroeconomic conditions improving and recent rate cuts. Analysts remain positive about the sector, expecting continued momentum into CY25. Largecap and midcap IT stocks are recommended for investment. ...Less

Venture capitalists are taking a hard look at early-stage startups before signing off on follow-on fundin ...More

Venture capitalists are taking a hard look at early-stage startups before signing off on follow-on funding. This and more in today’s ETtech Top 5. ...Less

IT stocks might underperform markets over the next two quarters, but we retain our buy recommendations on ...More

IT stocks might underperform markets over the next two quarters, but we retain our buy recommendations on Infosys and TCS, says Joshi. ...Less

HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varyi ...More

HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varying outcomes for revenue and profit, with key focus on software business, margin guidance, and deal activity. ...Less

Here’s breaking down the pre-market actions. ...More

Here’s breaking down the pre-market actions. ...Less

Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech ...More

Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit of Rs 3,593 crore, up 226% from the same quarter a year ago. Looking ahead, the company said it expects revenue to grow between 12% and 14% in FY23. ...Less

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But ...More

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regulatory scrutiny. Experts say that India’s new data protection bill may be tough for platforms like ChatGPT and Google’s Bard. This and more in today’s ETtech Morning Dispatch. ...Less

Recent earnings of TCS, HCLTech & Wipro suggest the $245 billion Indian software exports industry doesn’t ...More

Recent earnings of TCS, HCLTech & Wipro suggest the $245 billion Indian software exports industry doesn’t see any immediate demand revival. ...Less

On Monday, when the whole market was reeling under pressure, there was one sector which was able to keep ...More

On Monday, when the whole market was reeling under pressure, there was one sector which was able to keep its head above water both at the level of indices and internal market breadth of that sector. It was IT sectors, it is not the first time that this relative outperformance has been witnessed on the street, in recent months, there have been instances where on the day market has been under pressure, IT stocks have moved upward. The only difference is frequency, magnitude and the breadth of the sector which is involved on the day of outperformance by the sector. Frequency has increased, more IT from large cap are able to relatively outperform and magnitude of up move is better as compared to earlier. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. ...Less