Goal: ₹ 6,030 CMP: ₹ 5,292.50 Buyers have little doubt on Persistent Programs (PSYS) development momentum. They aren’t improper. Such has been the power of PSYS’ latest deal wins (LTM ACV: +15% YoY) that it merely wants to take care of present ACV/ leakage ranges to realize our FY25E USD revenues (+17 per cent). Our … Read more
Realty agency Godrej Properties has gained bid for 2 residential plots in Gurugram costing ₹515 crore and can develop luxurious properties price ₹3,400 crore on these land parcels. In a regulatory submitting on Monday, Godrej Properties knowledgeable that it has “emerged as the best bidder and has secured the Letter of Intent to develop two … Read more
Happiest Minds Applied sciences reported an 11.2 per cent quarter-on-quarter (QoQ) progress in income at ₹463.83 crore within the first quarter of FY25, in comparison with ₹417.29 crore within the earlier quarter. Venkatraman Narayanan, Managing Director & CFO, advised businessline: “This quarter, we’ve proven enlargement in our topline and the profitability metric of EBITDA. EBITDA … Read more
Curefoods, considered one of India’s largest cloud kitchen gamers, is betting closely on its offline play and plans to strengthen it additional. Within the subsequent three years, it intends to scale to 1,000 areas, together with 600 cloud kitchens and 350 fast service eating places (QSR) and informal eating throughout 50 cities, stated founder Ankit … Read more
Cognizant Expertise Options Company reported 2.1 per cent income development sequentially within the June 2024 quarter with decrease headcount. In different phrases, greater worker utilisation, coupled with adoption of automation and synthetic intelligence helped the corporate, says CEO S Ravi Kumar. In Q2, Cognizant reported income of $4.85 billion and headcount of 336,300, down by … Read more
Freeway development was within the sluggish lane in FY24, with whole awards of 8,581 km, as towards a deliberate goal of 13,290 km. The overall elections, and points in some areas associated to escalated land acquisition prices, slowed down the section. However the section is about for revival, with the Price range reiterating the infrastructure focus. … Read more
Adani group’s airport enterprise noticed a 9 per cent decline in its loss earlier than tax on improved income in first quarter FY 2025 on a year-on-year foundation. The pre-tax loss for the quarter stood at ₹89 crore as towards ₹98 crore in the identical interval final 12 months. The group runs seven airports serving 23 … Read more
Zomato’s web revenue surged to ₹253 crore within the quarter ended March 31, up practically 126 instances in comparison with the corresponding interval final yr. Income from operations stood at ₹4,206 crore, up 74 per cent within the quarter underneath assessment. The corporate mentioned Gross Order Worth (GOV) of its B2C companies stood at ₹15,455 … Read more
Godrej Properties reported an over 4 instances improve in internet revenue in Q1 of FY25 at ₹520 crore whereas income was 25 per cent greater on yr at ₹1,638 crore, pushed by supply of initiatives of an space of two.7 million sq. toes throughout three cities. Working revenue rose 237 per cent on yr to … Read more
Quess Corp Ltd introduced its quarterly outcomes on Tuesday, displaying a 14 per cent quarter-on-quarter (q-o-q) improve in PAT. The corporate’s income rose by 2 per cent, surpassing ₹5,000 crore and reaching ₹5,003 crore. Quarterly EBITDA was ₹184 crore, up 19 per cent year-on-year (y-o-y) however down 6 per cent q-o-q. Nonetheless, the q-o-q decline … Read more