IT COMPANIES OPERATING MARGINS
Mid and small IT companies showed sustained improvement in revenue, profit share in March ’24 quarter
Small and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.
Urban Company makes Rs 282-283 crore revenue, pre-tax profit in Q1, says founder Bhal
Urban Company, a Gurugram-based home services platform, saw its revenue in the April-June period grow 38% at Rs 282-283 crore, cofounder and CEO Abhiraj Singh Bhal told ET. Urban Company’s profit before tax margin was 4% for the period, he added.
Penna buy to help Ambuja Cem widen reach, boost margins
After acquiring Penna Cement Industries, Ambuja Cements stock fell by 1% to close at ₹657. The acquisition strengthens Ambuja's presence in southern, eastern, and western markets.
Uno Minda all lit up with more content per car and focus on electric vehicles
Uno Minda, a major auto parts supplier, has shown remarkable revenue growth, outpacing industry averages by almost two and a half times over five years. Its robust performance in FY24, marked by a 25.2% revenue increase and expanding operating margins, has propelled its stock by 37% in recent months. With significant growth in its lighting and light metal technology divisions, driven by premium offerings and expanding into the electric vehicle (EV) segment, Uno Minda is capitalizing on the trend of premiumization across vehicle segments.
India Inc exits FY24 on a strong note, clocks double-digit profit growth in Q4
Corporate India saw double-digit growth in net profit and single-digit revenue increase in the March 2024 quarter. Expectations are for healthy growth in the current fiscal year due to peaking interest rates and government policy continuity.
Dabur India, PI Industries could rally 19-26% return on above normal monsoon: Siddhartha Khemka
IMD predicts above-normal monsoon in 2024, impacting agriculture and market sectors positively. Companies like Dabur India and PI Industries could see significant growth. Expert insights from Motilal Oswal Financial Services highlight investment opportunities in the pharma sector.
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Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
Cement industry in India consolidating, market shares of top companies growing: ICRA
Large cement companies are expanding capacity through organic growth and acquisitions, driven by strong demand. Market share of the top five firms rose to 54% in 2023 and is expected to reach 55% by 2025. Consolidation, especially in eastern and western regions, enhances cost efficiency. ICRA's outlook for the sector remains stable.
SAMIL management on growth outlook, company performance and more
The overall market has about 90 million vehicles, which is around pre-COVID levels. However, when broken down by region, Europe and America are still 10-15% below pre-COVID levels, while India and China have ramped up beyond pre-COVID levels.
Apollo Hospitals Q4 results today: What to expect
Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB and Healthco operations. Analysts predict a 68% year-on-year growth in net profit for the fourth quarter.
Mazagon Dock Q4 Results: PAT skyrockets 103% YoY to Rs 663 crore, revenue jumps 49%
On a sequential basis, the PAT was higher by 5.7%. The consolidated revenue from operations stood at Rs 3,104 crore in the reported quarter. It was Rs 2,079 crore in the year-ago period. The government-owned shipbuilding company declared a final dividend of Rs 12.11 per share for the year ended March 31.
Ashok Leyland shifts focus on margin improvement through price discipline
Analysts expect 12-12.5% EBITDA margin over the next two fiscal years allowing room for upgrades if the company is able to achieve its guidance of mid-teen margin in the medium to long term.
Strong order flow likely to help BEL stay on growth path
The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize in the next fiscal year.
Slowdown hits Indian IT companies’ campus recruitments
The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a five-year low and a decadal low, respectively.
JSW Paints aims at matching industry-level profitability in 3-4 years
JSW Paints aims to match industry profitability levels in the next three to four years, targeting a 15-18% operating margin range. The paint-maker turned profitable at an operating level in 2023-24 with margins over 3% and crossed ₹2,000 crore in revenue. Now, it aims for ₹5,000 crore revenue by FY26. Despite pricing pressure from competitors like Birla Opus, JSW Paints is confident in its ability to compete and maintain its market share against established players.
Q4 results today: Sun Pharma, Nykaa, Paytm among 162 companies to declare earnings on Wednesday
162 companies to report Q4 earnings on Wednesday. Nykaa expects 24% BPC and Fashion GMV growth, while Paytm faces a revenue decline from RBI actions. Analysts also predict pressure from discounting and lower advertising income.
Nykaa, Paytm to announce Q4 earnings tomorrow. Here's what to expect
Analysts expect Nykaa to continue the stable trend seen in the last few quarters, while Paytm will likely see a decline in core earnings due to RBI's restrictions on the Payment Bank.
Chandra Shekhar Ghosh explains Bandhan Bank’s extra provisioning, opex issues and sees credit cost @1.5-1.8% next FY
Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, discusses the bank's expansion with 300 new branches and recruitment of 2,000 people. He covers topics such as slippage reduction, DPD improvement, collection efficiency, provisioning reasons, net profit dip, operating expenses, credit guarantee fund, net interest margins, asset quality, deposit rate impact, portfolio quality, and credit cost guidance.
JB Pharma Q4 Results: Net profit jumps 43% YoY to Rs 126 crore
The Mumbai-based company reported operating earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 210 crore, up from Rs 181 crore in the year-ago period. The operating EBITDA margin improved 60 basis points YoY to 24.4%.
IT sweats to eke out margins on pricing squeeze, staff costs
Indian outsourcing companies face a margin squeeze in FY24 due to a triple threat: aggressive deal pricing, rising employee costs, and the pressure to boost revenue despite tight global budgets. Notably, Tata Consultancy Services (TCS), the industry leader, seems to be the only exception.
MapmyIndia's Q4 net profit rises 35% to Rs 38 crore
Homegrown navigation firm CE Info systems, which owns the digital map services platform MapmyIndia, reported a 47% jump in its consolidated operating revenue to Rs 106.9 crore. The company's board approved a dividend of Rs 3.5 per equity share.
Proximus thinks the route is clear for a 15% margin boost
Proximus targets revenue growth by acquiring Route Mobile, expanding globally with generative AI. Telesign's fraud solution introduced in India. RML acquisition to enhance CPaaS dominance. WhatsApp, RCS access highlighted.
BPCL Q4 Results: Net profit down 30% YoY to Rs 4790 crore on weak refining margins
FY24 net profit highest at Rs 26,674 crore. Company issues 1:1 bonus; declares dividend of Rs 21 per share. Revenue from operations declined 5% from Rs 5.06 lakh crore to Rs 5.33 lakh crore
Aadhar Housing Finance offers a long-term growth story
Aadhar Housing Finance, the country’s largest affordable home loan company based on assets under management (AUM), plans to raise Rs 1,000 crore through a fresh issue of shares to augment the capital base and up to Rs 2,000 crore through an offer for sale by the promoter BCP Topco, an affiliate of the Blackstone group.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
Indian Oil Q4 Net Dives 52% to Rs 4,838 cr
Indian Oil's Q4 profit declines sharply to ₹4,838 crore, with revenue at ₹2,19,876 crore. Declares a final dividend of ₹7 per share. Operating margin reduces to 3.05%. LPG cylinders sale loss affects overall profit.
Mphasis management on company performance, growth outlook and more
"Our guidance is we should be in the range of 14.6-16% on a reported basis which on a like-to-like basis will be 15.7% to 17.1% and that is compared to the 15.25 to 16.25 range that we had last year, which indicates that we have a north-ward bias. And within this range also our expectation is we should be moving if not to the top end, to the middle of the range very soon as we are able to get operating leverage and as we are able to make sure that some of these impact of acquisitions get neutralised."
Domestic drug firms to witness 8-10 pc revenue growth in FY25: Report
Following the high base of 2023-24, the revenue growth momentum from the US and Europe markets is expected to moderate to 8-10 per cent and 7-9 per cent, respectively, Icra said. The markets are expected to witness a year-on-year expansion of 18-20 per cent and 16-18 per cent, respectively, in the current fiscal year, it added.
Mid & small-caps lag large-cap companies in revenue growth and profitability
Largecap companies outperform midcap and smallcap firms in growth and profitability, maintaining a superior operating margin. Smallcaps exhibit high net profit volatility, raising concerns about sustainability of returns.
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