The IITian Trader

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HCLTech has updated its full year revenue guidance.

HCLTech has updated its full year revenue guidance.

HCLTech reported 5.5 percent on-year rise in net profit at Rs 4,591 crore for the quarter ended December 31, 2024, in line with the Street expectations. The IT firm declared interim dividend of Rs 18 per equity share of Rs 2 face value, which includes special dividend of Rs 6 per share to celebrate 25 years of HCLTech's public listing.

HCL Tech's revenue from operations rose 5 percent to Rs 29,890 crore in Q3 FY25 as against Rs 28,446 crore in Q3FY24. According to a Moneycontrol poll of nine brokerages, HCL Tech was pegged to deliver a revenue of Rs 30,135 crore and consolidated net profit of Rs 4,596 crore in the fiscal third quarter; missing on both the estimates.

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DMart reported a 4.9 percent increase in consolidated net profit at Rs 723.54 crore for the December 2024 quarter. It reported a net profit of Rs 690 crore in the corresponding quarter.

Its consolidated revenue grew 17.6 percent at Rs 15,973 crore, as against Rs 13,572 in the corresponding quarter. The company reported its EBITDA margin at 7.6 percent versus 8.3 percent in the same quarter of the previous year.

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Adani Commodities LLP, one of the promoters, is set to sell up to 20% of its equity stake in Adani Wilmar via an offer-for-sale (OFS) on January 10 and January 13.

The OFS will include a base issue size of 13.50% equity and a green-shoe option of 6.50% equity. The floor price for the issue has been fixed at Rs 275 per share. The OFS will open for non-retail investors on January 10, and for retail investors on January 13.

Tata Elxsi Q3 revenue up 3% YoY, down 4% QoQ. Profit down 3% YoY, down 13% QoQ.

TCS Q3 revenue up 6% Yoy, up 0.3% QoQ. Profit up 12% YoY, up 4% QoQ.

Margin improved by 0.4%

The TCV (total contract value) of inflows stood at $10.2 billion, highest ever.

The management alluded to definitive signs of revival in discretionary spending and a reduction in the decision-making cycle compared to the previous quarters, while hinting at a better technology budget allocation. It expects demand to come back as macro stability returns to the key market of the US, following a reduction in inflation/interest rates and political stability post the new government formation.

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