Indigo Paints, the fifth largest paint company in India reported revenues of Rs 2885 crore in Q2FY25, a rise of 6.7% YoY. Weak demand and price reductions have led to lower revenue growth in September Quarter 2024.The company has outperformed industry growth despite subdued market conditions. Operating margins came in at 16.46% in September Quarter […]
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Tata Consultancy Services (TCS) reported stable September Quarter 2024 results. Revenue stood at Rs 64,25,90 million in Q2FY25 compared to Rs 59,6920million same period previous year. Earnings before depreciation, interest, tax and amortization (EBDITA) margin was reported at 24.1% in Q2FY25 compared to24.3% in the same period previous year. Operating Margins were impacted by higher […]
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Suhani Adilabadkar Infosys Infosys currently at Rs 1,700 levels has gained 30% from its 52-week low. Revenue of Rs 40,986 crore for the September quarter 2024 grew 3.1% QoQ and 3.3% YoY in constant currency terms. The company has increased its revenue growth guidance for the full year from 3% to 4% growth in constant […]
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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% […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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