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

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

HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 ...More

HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same. ...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

HCL Tech Q3 Results: HCL Technologies on Monday reported an 11% YoY fall in its December quarter consolid ...More

HCL Tech Q3 Results: HCL Technologies on Monday reported an 11% YoY fall in its December quarter consolidated net profit at Rs 4,076 crore compared to Rs 4,591 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the company. ...Less

Ebit margin for the quarter expanded to 22.9 per cent in December quarter from 21.6 per cent September qu ...More

Ebit margin for the quarter expanded to 22.9 per cent in December quarter from 21.6 per cent September quarter and 20.2 per cent in the December quarter of last year. ...Less

The company said its revenue from operations increased 15.7 per cent year-on-year (YoY) to Rs 22,331 cror ...More

The company said its revenue from operations increased 15.7 per cent year-on-year (YoY) to Rs 22,331 crore from Rs 19,302 crore in the same quarter a year ago. ...Less

In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. The servi ...More

In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. The services business revenue rose 2.2% sequentially and 15.4% YoY in constant currency terms. ...Less

We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, t ...More

We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business. ...Less

HCL Technologies anticipates a strong December quarter performance. Revenue growth is projected, driven b ...More

HCL Technologies anticipates a strong December quarter performance. Revenue growth is projected, driven by seasonal factors and new deals. Margins are expected to recover significantly. Profit growth may be modest year-on-year due to costs. Investors will focus on deal wins, guidance, and GenAI trends. Management commentary on growth acceleration is key. ...Less

India's third-largest IT service provider HCL Tech reported a decent set of numbers as the consolidated n ...More

India's third-largest IT service provider HCL Tech reported a decent set of numbers as the consolidated net profit rose 13.5% sequentially to Rs 4,350 crore. The IT major's Board declared an interim dividend of Rs 12/share and fixed January 20 as the record date for the same. The payment date of the said interim dividend will be January 31. ...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

Revenue for the quarter jumped 22.6 per cent YoY to Rs 15,669 crore. ...More

Revenue for the quarter jumped 22.6 per cent YoY to Rs 15,669 crore. ...Less

Anand Rathi expects HCL Technologies to post a profit of Rs 2,636.30 crore, a fall of 0.6%. ...More

Anand Rathi expects HCL Technologies to post a profit of Rs 2,636.30 crore, a fall of 0.6%. ...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

The company won about 700 customers for the software product business and the TCV closed for December qua ...More

The company won about 700 customers for the software product business and the TCV closed for December quarter 2020 is three times the TCV for December quarter of 2019. ...Less

“Coming to the IT sector, there will be differentiation in a lot of IT companies in terms of which compan ...More

“Coming to the IT sector, there will be differentiation in a lot of IT companies in terms of which companies are really adding value, seeing vendor consolidation and managing how they are able to get the freshers because that takes two to three quarters and addresses other supply side pressures.” ...Less

HCL Tech shares: The IT services firm reported an 11% year-on-year decline in consolidated net profit to ...More

HCL Tech shares: The IT services firm reported an 11% year-on-year decline in consolidated net profit to ₹4,076 crore in the December quarter, even as revenue grew strongly. Revenue from operations rose 13% YoY to ₹33,872 crore, while on a sequential basis profit fell nearly 4% and revenue increased 6% compared to the September quarter. ...Less

Anand Rathi is estimating profit at Rs 3,439.40 crore, down 13.6 per cent YoY. It sees the sales figure a ...More

Anand Rathi is estimating profit at Rs 3,439.40 crore, down 13.6 per cent YoY. It sees the sales figure at Rs 21,833 crore, up 11.3 per cent YoY. Margin is seen plunging 482 basis points YoY to 23.4 per cent. ...Less

As TCS and HCL Tech report Q3 results, investor focus shifts from numbers to AI's impact. While tradition ...More

As TCS and HCL Tech report Q3 results, investor focus shifts from numbers to AI's impact. While traditional IT services face headwinds, AI adoption is expected to drive significant growth and business-accretive deals, potentially revitalizing the sector's trajectory through 2026 and beyond. ...Less

Infosys is expected to report a 9.5% year-on-year (YoY) decline in its December quarter net profit at Rs ...More

Infosys is expected to report a 9.5% year-on-year (YoY) decline in its December quarter net profit at Rs 5,960.10 crore, according to Elara Capital. On a sequential basis, a 4.1% contraction in the company's profit after tax (PAT) is seen. ...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

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

HCL Tech’s consolidated net profit rose 13.5% sequentially to Rs 4,350 crore in the December quarter, and ...More

HCL Tech’s consolidated net profit rose 13.5% sequentially to Rs 4,350 crore in the December quarter, and revenue grew nearly 7% to Rs 28,446 crore. ...Less

HCL Technologies Q4 earnings, set to be released on 20 April, are expected to show a fall in software rev ...More

HCL Technologies Q4 earnings, set to be released on 20 April, are expected to show a fall in software revenues and margins with the services business driving growth, according to analyst estimates. Most analysts expect a sequential decline in constant currency revenue while margins are also seen contracting for the quarter that ended in March. While the services revenue is expected to grow by 1.5% in CC terms, the company's guidance on revenue growth and profitability will be of particular interest to investors ...Less

ET Now poll of analysts had projected net profits at Rs 3,350 crore. The profit jump is due to much highe ...More

ET Now poll of analysts had projected net profits at Rs 3,350 crore. The profit jump is due to much higher tax expenses in the base quarter. The adjusted growth in profit is 23.9 per cent year on year (YoY), the company said. ...Less

HCL Technologies shares have posted strong returns, climbing 18.5% over the past year and over 36% in the ...More

HCL Technologies shares have posted strong returns, climbing 18.5% over the past year and over 36% in the last three years. Analysts maintain a cautiously optimistic outlook for the stock. According to Trendlyne data, the consensus target price for HCL Technologies is Rs 1,932 per share. Out of 42 analysts tracking the stock, 20 recommend a "buy," 16 suggest holding, and 6 advise selling. ...Less

HCL Tech's revenue rose 15.5 per cent to Rs 18,135 crore during the quarter under review. ...More

HCL Tech's revenue rose 15.5 per cent to Rs 18,135 crore during the quarter under review. ...Less

HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period. ...More

HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period. ...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 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

Foreign institutional investors have significantly increased their investment in Indian IT stocks, antici ...More

Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks. ...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

Both the revenue and profit were above analysts’ average estimate of 24,382 crore and 3,418 crore, respec ...More

Both the revenue and profit were above analysts’ average estimate of 24,382 crore and 3,418 crore, respectively. Further, the board of directors have approved a dividend of Rs 10 per share. In an unexpected move, the company raised its revenue growth guidance for FY23. HCL Tech now sees 13.5-14.5 per cent growth in revenue in constant currency, against 12-14 per cent projected earlier. ...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

The board has declared an interim dividend of Rs 12 per equity share for the financial year 2023-24. The ...More

The board has declared an interim dividend of Rs 12 per equity share for the financial year 2023-24. The record date has been fixed as October 20 and the payment will be done on October 31 ...Less

The Board of Directors declared an interim dividend of Rs 18 per equity share of the company for the fina ...More

The Board of Directors declared an interim dividend of Rs 18 per equity share of the company for the financial year 2023-24. ...Less

The profit figure came in higher than Rs 3,025 crore anticipated by analysts in an ET NOW poll. ...More

The profit figure came in higher than Rs 3,025 crore anticipated by analysts in an ET NOW poll. ...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

Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in t ...More

Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline. ...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

Axis Securities has set a target price of Rs 2110 for HCL Technologies. The current market price is Rs 19 ...More

Axis Securities has set a target price of Rs 2110 for HCL Technologies. The current market price is Rs 1951. HCL Technologies has strong revenue visibility with multiple long-term contracts. It reported a total income of Rs 29318 crore and a net profit of Rs 4237 crore for the latest quarter. ...Less

Revenue for the quarter stood at Rs 18,594 crore, ET NOW reported. ...More

Revenue for the quarter stood at Rs 18,594 crore, ET NOW reported. ...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

Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue ...More

Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue from operations stood at Rs 1,515 crore, up 44.5% YoY. On a sequential basis, PAT was up 45% from Q1FY25. Consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, a growth of 7.5% QoQ ...Less

The company announced issue of one bonus share for every one equity share held by the shareholders of the ...More

The company announced issue of one bonus share for every one equity share held by the shareholders of the company. ...Less

The IT services major reported a 2.2 per cent on-quarter rise in consolidated revenues for the quarter to ...More

The IT services major reported a 2.2 per cent on-quarter rise in consolidated revenues for the quarter to Rs. 20,068 crore, which was slightly below analysts’ expectations. ...Less

In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a bu ...More

In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of Rs 1,210, valuing the stock at an unrevised P/E multiple of 17x FY25E earnings. ...Less

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

Revenue for the quarter is projected to be Rs 27,997 crore, marking a 6.5% increase over the same quarter ...More

Revenue for the quarter is projected to be Rs 27,997 crore, marking a 6.5% increase over the same quarter of the previous financial year, according to average estimates. Although the company is expected to report year-on-year growth in profit after tax (PAT), a sequential decline is anticipated due to project completions and reduced discretionary spending. ...Less

The way numbers are rising, India's case count might not peak till June. The country now has over 50,000 ...More

The way numbers are rising, India's case count might not peak till June. The country now has over 50,000 cases and recorded the highest number of fresh cases in a day - 3,600 ...Less

Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announ ...More

Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announcing its fourth interim dividend. The company since the year 2000 has in total declared 83 dividends. And in the current FY, it has so far declared Rs 38 per share dividend. The consensus recommendation from 42 analysts for the stock is buy. ...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

HCL Technologies announced a Rs 12 interim dividend for FY26 alongside Q3 results, as profit declined yea ...More

HCL Technologies announced a Rs 12 interim dividend for FY26 alongside Q3 results, as profit declined year-on-year despite strong revenue growth, steady sequential topline gains, and healthy constant currency expansion amid a cautious global IT spending environment. ...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

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

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

Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recover ...More

Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recovery was well on track bolstered risk appetite, while the U.S. dollar slipped to a two-month low. ...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

India's IT sector faces challenges. Nifty IT index is the worst performer this year. TCS shares are down. ...More

India's IT sector faces challenges. Nifty IT index is the worst performer this year. TCS shares are down. Institutional investors are selling IT stocks. The sector is impacted by weak spending and AI. Experts suggest midcap IT might offer better growth. Technical analysis indicates further decline. The buy-and-hold strategy may no longer work for IT stocks. ...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

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

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

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

This is the first inorganic bet that Amazon is taking on the social commerce space where sellers use plat ...More

This is the first inorganic bet that Amazon is taking on the social commerce space where sellers use platforms like Whatsapp and Facebook to sell their wares. The acquisition is Amazon’s attempt at getting a foothold in this buzzy segment, where many new players have emerged over the past few years, two people aware of the matter told us. ...Less

Many cryptocurrency “hacks” are actually the result of simple security breaches in which hackers gain acc ...More

Many cryptocurrency “hacks” are actually the result of simple security breaches in which hackers gain access to victims’ private keys. That’s more like picking someone's pocket than doing any actual, you know, hacking. ...Less