Suhani Adilabadkar Tata Consultancy Services (TCS) reported stable results for September Quarter 2024. The IT major remains resilient amid weak demand, slower decision making and lower discretionary spend by clients. While revenues at Rs 64,259 crore grew by 7.6% YoY, margins slumped 60 basis points (bps) sequentially and 20 bps YoY. Operating margins at 24.1% […]
Continue Reading
Indiastockguru Team Ultratech Cement stock price closed 1.93% lower today as the market leader reported muted numbers for September Quarter 2024. Revenue from operations was down 2.35% YoY to Rs 15,635 crore in Q2FY25 compared to Rs 16,012 crore, corresponding quarter previous year. The company reported consolidated sales volume of 27.84 million tonnes with marginal […]
Continue Reading
Indiastockguru Team Reliance Industries reported muted September Quarter 2024 with 0.8% YoY growth in its gross revenue. The company reported gross revenue of Rs 258,027 crore in Q2FY25. EBITDA margin at 17% fell 50 basis points in Q2FY25. Profit after tax (PAT) at Rs 19,323 crore fell 2.8% YoY in September Quarter 2024. Jio Platforms […]
Continue Reading
Suhani Adilabadkar Britannia Industries reported highest volume growth of 8% in Q1FY25 over the past 13 quarters. The investors were happy with mid-single digit revenue growth and modest operating margin expansion, as volume growth moved closer to double-digit mark in June Quarter 2024. Britannia reported revenues of Rs 4,250 crore in Q1FY25, a rise of […]
Continue Reading
Indiastockguru Team Tata Consultancy Services (TCS) reported mixed results for September Quarter 2024. While revenue momentum continued with 7% YoY growth, margins contracted 0.2% YoY and order book or total contract value fell 23% YoY. TCS stock price has fallen nearly 1.8% since the Q2FY25 results were announced yesterday. Clients maintained their cautious stance and […]
Continue Reading
Indiastockguru Team The world is taking a look at Indian foreign exchange reserves of $704 billion and how India has the fourth largest forex reserves as of September 2024. Behind China, Japan and Switzerland, India once had forex reserves enough only to cover its import bill of just three weeks. That was in 1991 when […]
Continue Reading
Indiastockguru Team Mahindra & Mahindra continued with a winning streak reporting strong wholesale YoY volume growth in September 2024, unlike its close peers, Maruti Suzuki and Tata Motors. While shift of shradh period in September 2024 impacted wholesales, inventory calibration is another reason for lower wholesales. According to FADA press release in September, there […]
Continue Reading
Suhani Adilabadkar In a country full of tea lovers, CCL Products is the largest exporter and manufacturer of instant coffee. The company is in the business of manufacturing and selling soluble instant coffee, commonly referred to as instant coffee for more than 28 years. Known for its popular brand, Continental Coffee in India, worldwide CCL […]
Continue Reading