EBITDA for the quarter is expected to increase by 8% year-on-year, driven by strong performance across all verticals. However, this growth may be partially offset by weakness in the Oil-to-Chemicals (O2C) segment, with an anticipated 8% year-on-year decline in EBITDA due to challenges in refining and petrochemicals.RIL's oil-to-chemicals business expected to have a robust quarter.Anticipated $1/bbl QoQ improvement in GRMs.Reliance Jio forecasted to see a 2% rise in EBITDA QoQ.Retail EBITDA...
Spotify reported first quarter earnings before the bell on Tuesday. Here's
India's sixth-largest IT services firm LTIMindtree on Wednesday reported a 1.2% year-on-year (YoY) decline in net profit at Rs 1,100 crore for the March quarter of the financial year 2024 missing street estimate of Rs 1,150 crore. The profit stood at Rs 1,114 crore a year ago.Sequentially, the Mumbai-headquartered company's net profit fell by 5.9% from Rs 1,169 crore.During the quarter, its consolidated revenue came in at Rs 8,892.9 crore, up 2.3% YoY from Rs 8,691 crore in the year-ago quarter....
GM said it raised its full-year earnings guidance and set a first-quarter
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.Other big players across sectors, like HUL, Indian Hotels, OFSS, Bajaj Finance among others will be seen reporting their results.Q4 earnings to watch out for this week:April 21, SundayIT company, Persistent Systems is...
PayPal raised its full-year adjusted profit forecast on Tuesday, while measures to cut costs improved operating margins in the first quarter.
Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. PayPal's newly appointed management is also aiming to reignite investor confidence through efforts to make the company leaner and lower costs to ease pressure on its stock, which was among the worst performers on the Nasdaq last year.
Mid-sized IT services firm Mphasis has reported a 2.9% dip in net profit at Rs 393.22 crore as against Rs 405.31 crore in the year ago quarter. On a sequential basis, profit increased by 5.2% from Rs 373.6 crore in the previous quarter ending December 2023.Revenue from operations during the quarter declined 1.5% to Rs 3,412 crore as compared to Rs 3,361 crore in the year ago quarter. Sequentially, the revenues fell 2.2% from Rs 3,337.9 crore in December quarter.For the full year ended March...
Tata retailer Trent Ltd.'s revenue and net profit rose in the fourth quarter of fiscal 2024. Revenue jumped 53.4% year-on-year to Rs 3,187 crore during the January-March period. This compares to Rs 2,077 crore in the same period last year.Net profit of the Tata Group company rose to Rs 712 crore from Rs 45 crore in the previous year, aided by a one-time lease readjustment gain of Rs 543 crore, with a tax thereon of Rs 138 crore.Gross margin surprise was offset by employee costs, which saw a...
Chevron produced 1.57 million barrels of oil and gas daily in the U.S. for the quarter, an increase of 35% during the same period last year.
Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue...
During the earnings call, company CEO Nadella stated that usage of Azure for those working an any AI project has significantly brought in new customers.