It’s about two years for the reason that IPO of Delhivery. Now, after some preliminary features, the inventory is buying and selling under its IPO worth, at ₹453. What’s the outlook for the inventory? Delhivery is one in every of India’s largest fully-integrated logistics supplier with a attain of 18,675 Pin Codes out of 19,101 … Read more
Nation’s largest software program providers firm TCS on Friday reported a 9.1 per cent progress in its March quarter web revenue at ₹12,434 crore. The Tata Group firm’s publish tax revenue in the course of the January-March interval final yr stood at ₹11,392 crore. Within the fiscal yr 2023-24, the corporate’s web revenue grew 9 … Read more
Ramco Techniques Ltd, the Chennai-based software program firm, has reported a diminished web lack of ₹1.82 crore for the third quarter ended December 31, 2023, as towards a web lack of ₹2.64 crore for a similar interval final 12 months and a web lack of ₹6.16 crore within the sequential quarter. Income in Q3 elevated … Read more
Freshworks, the Chennai/US-based software program firm, has introduced down its loss to $28 million for the fourth quarter ended December 2024 as towards a web lack of $55 million in the identical interval final 12 months. Income rose 20 per cent to $160 million ($133 million). Additionally learn: Cognizant stories 7% enhance in This autumn … Read more
With export markets choosing up, RITES will look to boost its worldwide play because it bids for rolling inventory orders in Lat-Am, South East Asia and African nations. The corporate is ‘bidding or pursuing leads for 5 to 10 tasks’ in nations like Bangladesh, Chile, Argentina, Brazil and others. Additionally learn: RITES indicators MoU with … Read more
Nation’s largest passenger autos (PVs) producer Maruti Suzuki India (MSIL) is saying its third quarter (Q3) outcomes at this time, which is prone to witness double-digit progress in each income and revenue after tax (PAT) on a year-on-year (Y-o-Y) foundation. Based on Sure Securities, the Q3 income is anticipated to develop round 15 per cent … Read more
IT main Tech Mahindra on Wednesday reported a 61 per cent year-on-year decline in web revenue at ₹510.4 crore from ₹1,296.6 crore in the identical time final yr. Income from operations got here down 4 per cent to ₹13,101.3 crore (₹13,734.6 crore) in identical quarter final yr. Additionally learn: Exide Industries Q3 web up 2.3 per … Read more
Consultants predict that the outcomes of mid-cap IT agency Tech Mahindra might be modest for the third quarter of FY24. TechM could report a sequential decline in total income and fixed forex revenues, dragged down by the communication and enterprise verticals and the poor seasonal efficiency seen within the third quarter. Brokerage agency Jefferies said … Read more
Jio Monetary Providers Ltd on January 15reported a 56 per cent decline in consolidated web revenue to ₹294 crore for the third quarter ended December 2023 in comparison with the earlier quarter. The corporate had earned a consolidated web revenue of ₹668 crore within the second quarter of the present fiscal, Jio Monetary Providers mentioned … Read more
Indian IT firms are anticipated to report a “gentle” third quarter with higher-than-usual furloughs weighing on income development, business watchers mentioned cautioning that demand outlook commentary is prone to be unchanged as shoppers proceed to scrutinise discretionary spends and prioritise price optimisation. Additionally learn: Qualcomm India expands presence in Chennai with new design centre; … Read more