Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × HDFC Bank's share price rose marginally in early trade on January 17 after the private sector lender reported results for the quarter ended December. The bank on January 15 clocked standalone net profit of Rs 10,342 crore for the quarter, up 18 percent year-on-year, backed by decline in bad loan provisions. Net interest income, the difference between interest earned and interest expended, climbed 13 percent to Rs 18,444 crore, with net interest margin at 4.1 percent, and credit growth clocking a healthy 16.4 percent. Profit and net interest income grew 17 and 4.3 percent respectively on a sequential basis. Catch all the market action on our live blog Close Here is what brokerages have to say about the stock and the company: Macquarie The research house has kept … [Read more...] about What should investors do with HDFC Bank after Q3 earnings; buy, sell or hold?
Ogi q3 earnings
HCL Tech | Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × HCL Technologies Ltd. (HCL Tech) , one of India’s largest IT Services Company, on January 14 reported a consolidated net profit of Rs 3,442 crore for the quarter ended December 2021 (Q3FY22) registering a 13.3 percent year-on-year (YoY) degrowth. On a sequential basis, the profit grew by 5.6 percent. The company had reported a consolidated profit after tax (PAT) of Rs 3,969 crore in the corresponding quarter last year. In the preceding quarter, PAT stood at Rs 3,259 crore. It may be noted that PAT for corresponding quarter of last year was higher by Rs 438 crore (USD 59.4 million) due to reversal of a prior years’ tax provision. The reversal was due to change in the method of calculating tax deduction, basis evaluation of judicial rulings. … [Read more...] about HCL Tech Q3 Result | Profit comes in at Rs 3,442 crore, revenue grows to Rs 22,331 crore; meets expectations
File image of HDFC Bank HDFC Bank Ltd, India’s most valuable private sector lender is on its way back to delivering above-average balance sheet growth with pristine asset quality it is known for. That does not mean the lender would reach its destination without breaking a sweat. HDFC Bank’s Q3FY22 was a mixed bag with core operating performance yet to reach its past prime. Net interest income growth remained around 14 percent, a decelerated expansion level post the pandemic. Operating expenses were up 14 percent sequentially which analysts believe has scope to reduce in the coming quarters. To be sure, the bank should be cut some slack here as the expenses were towards beefing up digital capabilities to capture growth. Given the expenses and more muted earnings, operating profit growth of 10.5 percent didn’t exactly elicit excitement. That said, the bank reported a healthy 18% net profit growth on a reduced provisioning level. The upshot is that the bottomline growth remained … [Read more...] about HDFC Bank gets growth back in Q3 but fees need a fix
HCL Tech | Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of HCL Technologies Ltd declined nearly 6 percent on Monday after the company reported lower-than-expected earnings before interest and taxes and reduced lower-end margins guidance by its management. The stock hit a low of Rs 1,255.10 on the BSE, down 6 percent, intraday. At 9.17am, it was trading at Rs 1,276 on the BSE, down 4.6 percent from its previous close. EBIT margin for the quarter stood at 19 percent which was lower than what analysts had projected. This was impacted due to a 220 basis points on-quarter decline in IT services and 70 basis points QoQ fall in engineering R&D. The management reiterated its double-digit dollar revenue growth guidance (including P&P growth of 0-1 percent YoY), but reduced its margin guidance to … [Read more...] about HCL Tech shares shed 6% on lower earnings, reduced margin outlook
File image of HDFC Bank Signals emerging on the bad loan front in the banking sector are encouraging. The third-quarter earnings report presented by HDFC Bank, the country’s largest private sector lender, in the week gone by showed an overall improvement in the asset quality trend. The bank’s asset quality improved as the gross non-performing assets (GNPAs) as a percentage of gross advances fell 9 basis points (bps) sequentially to 1.26 percent and net NPAs declined 3 bps quarter on quarter to 0.37 percent at the end of December 2021. One bps is one-hundredth of a percentage point. During the quarter, the bank made provisions worth Rs 2,994 crore, down 12.3 percent from the year-ago period and 23.7 percent from the previous quarter. The fall in provisions, the amount banks need to set aside to cover the losses from a loan account, was primarily due to better performance on the asset quality front. Credit cost, too, came down to 0.94 percent from 1.3 percent in the … [Read more...] about Banking Central | HDFC Bank numbers send a good signal to the industry
Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Noida-based IT Services firm HCL Technologies will double its fresher hiring in FY23 as the demand for technology services continues to outstrip supply, and rising attrition. The company will hire 20,000-22,000 freshers in FY22 . So far 17,500 freshers have been on-boarded and the rest will join the company in the fourth quarter. The firm employs about 1.97 lakh employees. Between January and December 2021, the company hired 38,095 people, of which 10,143 were added in the October to December quarter alone. At 19.8 percent attrition is a huge concern for the firm. HCL Tech reported 15.7 percent in Q2 FY22, from 11.8 percent in the last quarter. During the earnings call on January 14, VV Apparao, Chief Human Resources officer, HCL Tech, said that while … [Read more...] about HCL Tech to double fresher hiring in FY23 from 20,000 this fiscal
PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Tata Metaliks (TML; CMP: Rs 887; Market Capitalisation: Rs 2,801 crore) saw a decline in its financial performance in the December 2021 quarter. TML has an order book position of nearly 9-10 months in the ductile iron (DI) pipe segment, of which 60-70 percent contracts are based on old prices. This can impact margins in the near term. December quarter performance Volumes in the pig iron (PI) segment were hit by the planned maintenance shutdown of the blast furnace. Post the... … [Read more...] about Tata Metaliks: Will performance improve, going forward?