'What am I crying for': How a 2-minute stop near a slum area taught heartbroken Raveena Tandon the biggest lesson of her life
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Time of India
13 minutes ago
- Time of India
Mastek shares rally 13% after Q1 net profit surges 29% YoY
Mastek's shares surged by 13.08% following a robust Q1FY26 financial report, showcasing a 28.7% increase in net profit. Trading above all key Simple Moving Averages, the company's strengths, including attractive valuation and consistent profit growth, outweigh its weaknesses. With low debt and zero promoter pledge, Mastek's financial stability boosts investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Mastek rose by 13.08% on Monday to hit an intraday high of Rs 2,755 apiece on the BSE following the company's financial results for the first quarter of week, Mastek reported a 28.7% year-on-year increase in net profit for Q1FY26, rising to Rs 92 crore from Rs 71.5 crore in the same quarter the previous operating Ebitda margin was 15%, down slightly by 31 basis points, reflecting continued investments in talent and capabilities. Despite this, operating Ebitda grew 10.8% strong financials and consistent execution have boosted market confidence, leading to the sharp uptick in its stock is currently trading above all 8 Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA, indicating a strong upward trend across multiple to Trendlyne's SWOT analysis, the stock's strengths significantly outweigh its weaknesses. Key positive factors include a trailing twelve-month (TTM) price-to-earnings (PE) ratio that is lower than its 3-year, 5-year, and 10-year averages, signalling potentially attractive valuation. The company has also shown consistent growth in net profit with improving profit margins Mastek maintains low debt levels, has recorded rising annual net profits over the past two years, and has seen its book value per share increase during the same period. Importantly, the company has zero promoter pledge, which is viewed positively by investors as it indicates confidence and financial stability.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
44 minutes ago
- Time of India
India's smartphone shipments jump 22% in Q2 after two quarters of decline: Canalys
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Indian smartphone market rebounded in the seasonally weak April–June quarter after two successive quarters of decline, growing by nearly 22% sequentially and 7% year-on-year, driven by increased launches of new models from smartphone brands. Smartphone shipments grew from 32 million in Q1 FY25 to 39 million in Q2 FY25, as channels were more willing to accept fresh inventory ahead of the festive season, according to data from research firm Canalys , available exclusively with ET."Despite Q2 being a seasonally slow quarter with climate disruptions, limited retail footfall, and geopolitical tensions, the market still grew," said Sanyam Chaurasia, analyst at and Oppo were the top brands contributing to the overall growth. The Chinese brands clocked double-digit growth, on the back of new affordable handsets pushed through online channels and new retail partnerships, Canalys Samsung's shipments remained flat, while Xiaomi saw another quarter of decline in its shipments, according to Canalys data.
Time of India
44 minutes ago
- Time of India
Q1 FY26 Results: Early earnings show slowdown in revenue, profit growth; analysts see double-digit gains ahead
Early earnings trends for the June quarter showed sluggish revenue and profit growth, excluding a one-time gain reported by Reliance Industries (RIL). According to an ET report, growth momentum has slowed to its lowest in at least nine quarters, largely due to muted performance from key sectors like banking, finance, FMCG, and IT. Among 186 companies that have announced results so far, net profit rose 18.5% year-on-year, the highest in five quarters. However, this strong growth was largely due to a one-time gain by Reliance Industries Ltd (RIL), which earned Rs 8,924 crore from the sale of its stake in Asian Paints. Revenue growth, however, slowed to just 4.6%, the weakest in at least nine quarters. Shares of RIL fell 2.4% on Monday to a day's low of Rs 1,441.95 on the BSE, following the announcement of its Q1FY26 results. When RIL's figures are excluded, revenue and profit showed growth of 5.7% and 7.3% respectively, marking nine-quarter lows for both metrics, ET reported. RIL's contribution to the sample's net profit increased to 24.4% in the June quarter from 16.4% in the previous year, significantly influencing overall profit growth. Its revenue share showed a slight decrease to 31.8% from 32.5% year-on-year. The banking and finance sector displayed weak performance due to compressed net interest margins and reduced credit uptake. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Companies in this sector reported their lowest nine-quarter growth, with revenue at 6.4% and net profit at 5.1% year-on-year for the June quarter. IT sector companies in the sample recorded their lowest five-quarter performance, with revenue growth at 3.4% and profit growth at 4.6%. Analysts had expected double-digit profit growth driven by sectors including capital goods, cement, healthcare, oil and gas, and telecom at the quarter's start. "The key highlight of the quarter is anticipated to be the better sectoral breadth of earnings growth. Multiple sectors are expected to post double-digit profit growth," Motilal Oswal Securities said in a preview report. The current analysis is based on a small number of early results, as more companies release their earnings in the coming weeks, a clearer picture of overall performance is expected to emerge. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
