Ceat reported strongest revenue growth over the past seven quarters in Q3FY25. Revenue came in at Rs 32,999 million rising 11.4% YoY in December Quarter 2024. Revenue was driven by healthy volume growth in replacement segment and international business. Earnings before depreciation, interest, tax and amortization (EBITDA) margin contracted 375 basis points (bps) in Q3FY25 […]
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Tata Consultancy Services (TCS) reported stable December Quarter 2024 results. Revenue stood at Rs 63,9730 million in Q3FY25 compared to Rs 60,5830 million same period previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) margin was reported at 24.5% in Q3FY25 compared to 25% in the same period previous year. Margins were impacted by […]
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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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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 Finance Minister, Nirmala Sitharaman announced a slew of GST cuts ranging from shared helicopter rides to cancer drugs to namkeens on September 10, 2024. “Namkeens, extruded, expanded savory food items, GST will be reduced prospectively, not retrospectively from 18% to 12%”, said Sitharaman at 54th GST council meet. Stock prices of three major […]
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Indiastockguru Team This is the fifth in a row for Bata India. Muted performance yet again by the market leader in the organized footwear space in Q1FY25. While the premium category is doing well for Bata India, its core value and mass footwear category still bears the brunt of muted demand leading to lower revenue […]
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Indiastockguru Team Tata Consultancy Services (TCS) reported revenues of Rs 62,613 crore up 5.4% YoY and with 2.25% growth sequentially. Constant currency growth stood at 4.4% YoY in June Quarter 2024. In dollar terms, revenues stood at $ 7,505 million with growth of 4.4% YoY in Q1FY25. Markets were expecting a mid-single digit revenue growth […]
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Eicher Motors motorcycle wholesale volumes (71,010 units) fell 8% YoY in May 2024. Motorcycle volume sales in upto 350cc capacity category fell 13% YoY, constituting 84% of total volumes. Above 350 cc capacity category volume sales jumped 32% YoY in May 2024. Eicher Motors, maker of iconic Royal Enfield motorcycles launched Shotgun 650, Super Meteor […]
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S&P BSE Sensex jumped 1.6% on May 23, 2024 driven by RBI’s highest ever dividend transfer to the Central Government. The Reserve Bank of India (RBI) in its 608th meeting of its Central Board of Directors approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. While […]
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