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Economic Times
6 days ago
- Business
- Economic Times
Large deal momentum, improving profitability keep Coforge stock buoyant
Tired of too many ads? Remove Ads The stock of Coforge has gained 13% since May 05 compared with 5% increase in the BSE IT index after the mid-tier IT exporter reported strong sequential revenue growth, expansion in operating margin and record deal wins for the March quarter. Amid strong growth in dew deals in FY25, the company has retained the $2 billion revenue target for FY27 compared with a revenue of $1.4 billion in FY25, notwithstanding the uncertainty in the revival of discretionary is a global IT solutions provider employing 33,497 professionals and present across 23 countries. The US is its biggest market, contributing 54% to the revenue in FY25. It earns around 30% revenue from the banking and financial services (BFS) vertical, over 18% each from travel, transportation, hospitality (TTH) and insurance. The company is fully owned by public shareholders and therefore doesn't have any promoter company reported a record order intake of $2,126 million for the March quarter, aided by a large multi-year deal with the US based Sabre Corporation, a travel technology company. In March, Coforge bagged a 13-year $1,560 million deal with Sabre to accelerate the latter's product delivery. Even after excluding this mega deal, Coforge still reported 13% sequential increase in the deal wins at $566 million. The company's management expects to sustain the momentum in large deals. The executable order book over the next 12 months increased by 48% year-on-year to $1,505 the company's operating margin (EBIT margin) fell by 50 basis points year-on-year to 13% in FY25, it reported quarterly improvement in the fourth quarter of the fiscal year. The margin expanded by 120 basis points to 13.2%. The company expects to improve the margin to 14% by the end of majority of the larger peers, Coforge reported lower employee attrition rate for the March quarter. The attrition contracted to 10.9% from 11.9% in the December quarter and 11.5% in the year-ago quarter. Despite lower attrition, it continued to hire employees – the net headcount addition was 8,771 in Financial Research expects earnings of Coforge to increase by 25% annually between FY25 and FY28. The brokerage has revised the stock's target price to Rs10,000 from Rs9,610. The stock was last traded at Rs 8,465.2 on Tuesday on the BSE.
Economic Times
26-05-2025
- Economic Times
Planning your next vacation in Delhi? Here's your ready reckoner for your upcoming holidays
HOW TO REACH FROM MUMBAI Live Events WHERE TO STAY WHAT TO EAT WHAT TO DO SUGGESTED ITINERARY The beautiful national capital along the Yamuna river includes satellite cities like Gurugram, Faridabad and Noida. Among the largest metropolitan areas in the world, it also has the biggest metro network in the country. Dotted with Mughal era monuments, heritage sites and historical buildings with stunning architecture, beautiful temples, vibrant markets and finger-licking cuisine make it a popular destination for tourists. The best time to visit India's capital-the National Capital Territory of Delhi is between October to are several ways to reach Delhi from across the country via road, trains and flights, or a combination of these, as the capital city is very well connected. The fastest route from Mumbai is by flight, which takes around two hours, while the train is not overly cheap compared to the flight, but can take anywhere from 15 to 26 hours. The one-way flight for July costs Rs.3,610, while the train fare starts from Rs.2,260 for Class 2A on (Mumbai-Delhi flight, 2 hrs 15 mts)Rs.2,260(Mumbai-Delhi Class 2A, 26 hrs).*One way, per person. Flight cost on Skyscanner. Train cost on is a variety of stay options, ranging from budget-friendly government accommodation, guest houses, bread & breakfasts and hostels to five-star hotels. Also check out the Delhi tourism websites, html and for all categories of accommodation for 6 nights Delhi cuisine is a mix of Mughlai and north Indian culinary influences, and old Delhi is a favoured haunt for non-vegetarian delicacies and street food. Popular dishes include nihari (mutton or beef stew), mutton burra (mutton chops or ribs), butter chicken, kebabs (marinated, grilled or roasted meat) and tikkas (marinated tandoori dish), kathi rolls (vegetarian or non-vegetarian wrap), biryani (meat & rice dish), chole-bhathure (chick pea & fried bread), snacks like chaat, dahi-bhalla, samosas, aloo tikki, and parathas (stuffed flatbread). Desserts include jalebi, kulfi, faluda and rabri, among many others. While roadside stalls offer cheap food costing Rs.50-100 per meal, mid-range restaurants can cost Rs.500-1,000, while expensive restaurants will charge upwards of Rs.1,200 per per person, per dayIndia Gate, Red Fort, Qutub Minar, Humayun's tomb, Purana Quila, Jantar Mantar, Agrasen ki baoli, Safdarjung tomb, Siri Fort, Lodhi tomb, Haus Khas fort, Tughlakabad fort, Rashtrapati Bhawan, Lodhi temple, Jama Masjid, Lotus temple, Ahinsa Sthal, Hazrat Nizamuddin dargah, Gurdwara Bangla Sahib, Moti Masjid, Sri Digambar Jain Lal Mandir, Chhattarpur temple, Jhandewala Place, Janpath, Dilli Haat, Khan market, Lajpat Nagar, Sarojini Nagar, Chandni Chowk, Meena Bazaar, Ghaffar market, Karol Bagh, Chor historical monuments and UNESCO World Heritage sites like Qutub Minar, Humayun's tomb and Red Fort, besides others like India Gate, Jantar Mantar and Purana Quila. Don't miss the sumptuous street food and old Delhi non-vegetarian fare like kebabs,tikkas and on your itinerary should be places of worship like the Akshardham temple, Jama Masjid, Lotus temple, Gurdwara Bangla Sahib, among several time shopping at popular markets like Janpath, Connaught Place, Khan market and Chandni Chowk for traditional handicraft, jewellery, artifacts and cheap or designer clothes. If you have time, you can also take day trips to Neemrana, Jaipur and Agra from back to Mumbai.
Time of India
26-05-2025
- Time of India
Planning your next vacation in Delhi? Here's your ready reckoner for your upcoming holidays
The beautiful national capital along the Yamuna river includes satellite cities like Gurugram, Faridabad and Noida. Among the largest metropolitan areas in the world, it also has the biggest metro network in the country. Dotted with Mughal era monuments, heritage sites and historical buildings with stunning architecture, beautiful temples, vibrant markets and finger-licking cuisine make it a popular destination for tourists. The best time to visit India's capital-the National Capital Territory of Delhi is between October to March. HOW TO REACH FROM MUMBAI There are several ways to reach Delhi from across the country via road, trains and flights, or a combination of these, as the capital city is very well connected. The fastest route from Mumbai is by flight, which takes around two hours, while the train is not overly cheap compared to the flight, but can take anywhere from 15 to 26 hours. The one-way flight for July costs Rs.3,610, while the train fare starts from Rs.2,260 for Class 2A on Ixigo. Cost by air Rs.3,610 (Mumbai-Delhi flight, 2 hrs 15 mts) Cost by train Rs.2,260 (Mumbai-Delhi Class 2A, 26 hrs). *One way, per person. Flight cost on Skyscanner. Train cost on Ixigo. Live Events WHERE TO STAY There is a variety of stay options, ranging from budget-friendly government accommodation, guest houses, bread & breakfasts and hostels to five-star hotels. Also check out the Delhi tourism websites, html and for all categories of accommodation choices. COST: Rs.24,000 for 6 nights WHAT TO EAT Delhi cuisine is a mix of Mughlai and north Indian culinary influences, and old Delhi is a favoured haunt for non-vegetarian delicacies and street food. Popular dishes include nihari (mutton or beef stew), mutton burra (mutton chops or ribs), butter chicken, kebabs (marinated, grilled or roasted meat) and tikkas (marinated tandoori dish), kathi rolls (vegetarian or non-vegetarian wrap), biryani (meat & rice dish), chole-bhathure (chick pea & fried bread), snacks like chaat, dahi-bhalla, samosas, aloo tikki, and parathas (stuffed flatbread). Desserts include jalebi, kulfi, faluda and rabri, among many others. While roadside stalls offer cheap food costing Rs.50-100 per meal, mid-range restaurants can cost Rs.500-1,000, while expensive restaurants will charge upwards of Rs.1,200 per person. COST: Rs.1,500-2,000 per person, per day WHAT TO DO HISTORICAL MONUMENTS India Gate, Red Fort, Qutub Minar, Humayun's tomb, Purana Quila, Jantar Mantar, Agrasen ki baoli, Safdarjung tomb, Siri Fort, Lodhi tomb, Haus Khas fort, Tughlakabad fort, Rashtrapati Bhawan, Lodhi Gardens. PLACES OF WORSHIP Akshardham temple, Jama Masjid, Lotus temple, Ahinsa Sthal, Hazrat Nizamuddin dargah, Gurdwara Bangla Sahib, Moti Masjid, Sri Digambar Jain Lal Mandir, Chhattarpur temple, Jhandewala temple. MARKETS Connaught Place, Janpath, Dilli Haat, Khan market, Lajpat Nagar, Sarojini Nagar, Chandni Chowk, Meena Bazaar, Ghaffar market, Karol Bagh, Chor Bazaar. SUGGESTED ITINERARY New Delhi DAY 1-2 Visit historical monuments and UNESCO World Heritage sites like Qutub Minar, Humayun's tomb and Red Fort, besides others like India Gate, Jantar Mantar and Purana Quila. Don't miss the sumptuous street food and old Delhi non-vegetarian fare like kebabs,tikkas and burras. DAY 3-4 Next on your itinerary should be places of worship like the Akshardham temple, Jama Masjid, Lotus temple, Gurdwara Bangla Sahib, among several others. DAY 5-6 Spend time shopping at popular markets like Janpath, Connaught Place, Khan market and Chandni Chowk for traditional handicraft, jewellery, artifacts and cheap or designer clothes. If you have time, you can also take day trips to Neemrana, Jaipur and Agra from Delhi. DAY 7 Fly back to Mumbai.
Yahoo
23-05-2025
- Business
- Yahoo
Oil & Natural Gas Corp Ltd (BOM:500312) Q4 2025 Earnings Call Highlights: Navigating ...
Profit After Tax (PAT): INR35,610 crores for FY '25, down 12.1% from INR40,526 crores in FY '24. Sales Revenue: INR1,37,361 crores for FY '25, slightly down from INR1,37,774 crores in FY '24. Operating Expenditure: Increased by 2.8% to INR27,478 crores in FY '25 from INR26,725 crores in FY '24. Exploration Costs: Increased by INR4,257 crores to INR9,826 crores in FY '25. Reserve Replacement Ratio: 1.35 from domestic fields, excluding JV share. Wells Drilled: 578 wells, the highest in 35 years, including 109 exploratory and 469 development wells. Capital Expenditure (CapEx): INR62,000 crores, the highest ever, with INR10,300 crores in exploration CapEx. Crude Oil Production: 18.558 million metric tonnes, up 0.9% from the previous year. Natural Gas Production: 19.654 BCM, slightly down from 19.978 BCM in FY '24. Dividend Payout: Total dividend of 245% with a payout of INR15,411 crores. Consolidated Profit After Tax: INR38,326 crores, down 30.7% from INR55,272 crores in FY '24. Consolidated Gross Revenue: Increased by 1.5% to INR6,63,262 crores in FY '25. Renewable Energy Capacity: Increased to 2.5 gigawatts from 192 megawatts. Warning! GuruFocus has detected 4 Warning Signs with BOM:500312. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oil & Natural Gas Corp Ltd (BOM:500312) achieved a reserve replacement ratio of more than 1 for the 19th consecutive year, indicating strong resource replenishment. The company drilled 578 wells, the highest in the past 35 years, showing a significant increase in exploration and development activities. A final dividend of 25% was recommended, with a total dividend payout ratio of 245%, marking the highest quantum of dividend paid by the company. The company reported an increase in standalone crude oil production by 0.9% over the previous year, reflecting successful production enhancement efforts. Significant investments in renewable energy have increased capacity to 2.5 gigawatts, positioning the company as a formidable player in the renewable sector. Profit after tax decreased by 12.1% from the previous year, primarily due to higher exploratory well write-offs. Operating expenditure increased by 2.8%, impacting overall profitability. Exploration costs, including survey and dry well costs, rose significantly by INR4,257 crores, indicating higher expenses in exploration activities. Consolidated profit after tax decreased by 30.7%, largely due to a decline in profits from subsidiaries HPCL, MRPL, and Opal. Natural gas production saw a slight decline from 19.978 BCM in financial year '24 to 19.654 BCM in financial year '25, indicating challenges in maintaining gas output levels. Q: Can you provide an update on the KG 98/2 oil and gas production levels and future targets? A: Currently, oil production is at 33,000 to 34,000 barrels per day, with a target of 45,000 barrels. Gas production is around 2.75 MMSCMD, expected to increase to 6-7 MMSCMD once the platform is completed, and eventually reach 10 MMSCMD. This increase is anticipated within the financial year '25-'26. (Arun Singh, CEO) Q: What is the current input mix for OPaL, and how will it change with future ethane imports? A: Currently, OPaL operates with a 60% naphtha and 40% ethane mix. This will remain the same, but the ethane source will shift from rich gas to US imports. Moving out of SEZ has saved INR700-800 crores due to the removal of customs duty. (Arun Singh, CEO) Q: What are the production targets for crude oil and natural gas for FY26 and FY27? A: For crude oil, the target is around 21.5 million tonnes for FY25-26, with a positive trajectory expected to continue. For natural gas, the target is 21 BCM for FY25-26, increasing to 22 BCM in FY26-27, reflecting a 5-6% annual growth. (Arun Singh, CEO) Q: How is ONGC managing cost controls and fleet investments? A: ONGC is benefiting from reduced rig rates and optimizing logistics by opening a new base in Gujarat. The company is considering investing in its own fleet due to vessel shortages and high market rates. Cost control measures are expected to yield further savings in the coming years. (Arun Singh, CEO) Q: What is the outlook for ONGC Videsh's international assets, particularly in Mozambique and Russia? A: Mozambique's LNG project is progressing well, with commissioning expected by late '27 or early '28. Production in Russia remains stable, and there are increases in Colombia, South Sudan, and Azerbaijan. ONGC Videsh's production increased by 9% last year, with further upside expected. (Unidentified Company Representative, ONGC Videsh) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
23-05-2025
- Business
- Yahoo
Oil & Natural Gas Corp Ltd (BOM:500312) Q4 2025 Earnings Call Highlights: Navigating ...
Profit After Tax (PAT): INR35,610 crores for FY '25, down 12.1% from INR40,526 crores in FY '24. Sales Revenue: INR1,37,361 crores for FY '25, slightly down from INR1,37,774 crores in FY '24. Operating Expenditure: Increased by 2.8% to INR27,478 crores in FY '25 from INR26,725 crores in FY '24. Exploration Costs: Increased by INR4,257 crores to INR9,826 crores in FY '25. Reserve Replacement Ratio: 1.35 from domestic fields, excluding JV share. Wells Drilled: 578 wells, the highest in 35 years, including 109 exploratory and 469 development wells. Capital Expenditure (CapEx): INR62,000 crores, the highest ever, with INR10,300 crores in exploration CapEx. Crude Oil Production: 18.558 million metric tonnes, up 0.9% from the previous year. Natural Gas Production: 19.654 BCM, slightly down from 19.978 BCM in FY '24. Dividend Payout: Total dividend of 245% with a payout of INR15,411 crores. Consolidated Profit After Tax: INR38,326 crores, down 30.7% from INR55,272 crores in FY '24. Consolidated Gross Revenue: Increased by 1.5% to INR6,63,262 crores in FY '25. Renewable Energy Capacity: Increased to 2.5 gigawatts from 192 megawatts. Warning! GuruFocus has detected 4 Warning Signs with BOM:500312. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oil & Natural Gas Corp Ltd (BOM:500312) achieved a reserve replacement ratio of more than 1 for the 19th consecutive year, indicating strong resource replenishment. The company drilled 578 wells, the highest in the past 35 years, showing a significant increase in exploration and development activities. A final dividend of 25% was recommended, with a total dividend payout ratio of 245%, marking the highest quantum of dividend paid by the company. The company reported an increase in standalone crude oil production by 0.9% over the previous year, reflecting successful production enhancement efforts. Significant investments in renewable energy have increased capacity to 2.5 gigawatts, positioning the company as a formidable player in the renewable sector. Profit after tax decreased by 12.1% from the previous year, primarily due to higher exploratory well write-offs. Operating expenditure increased by 2.8%, impacting overall profitability. Exploration costs, including survey and dry well costs, rose significantly by INR4,257 crores, indicating higher expenses in exploration activities. Consolidated profit after tax decreased by 30.7%, largely due to a decline in profits from subsidiaries HPCL, MRPL, and Opal. Natural gas production saw a slight decline from 19.978 BCM in financial year '24 to 19.654 BCM in financial year '25, indicating challenges in maintaining gas output levels. Q: Can you provide an update on the KG 98/2 oil and gas production levels and future targets? A: Currently, oil production is at 33,000 to 34,000 barrels per day, with a target of 45,000 barrels. Gas production is around 2.75 MMSCMD, expected to increase to 6-7 MMSCMD once the platform is completed, and eventually reach 10 MMSCMD. This increase is anticipated within the financial year '25-'26. (Arun Singh, CEO) Q: What is the current input mix for OPaL, and how will it change with future ethane imports? A: Currently, OPaL operates with a 60% naphtha and 40% ethane mix. This will remain the same, but the ethane source will shift from rich gas to US imports. Moving out of SEZ has saved INR700-800 crores due to the removal of customs duty. (Arun Singh, CEO) Q: What are the production targets for crude oil and natural gas for FY26 and FY27? A: For crude oil, the target is around 21.5 million tonnes for FY25-26, with a positive trajectory expected to continue. For natural gas, the target is 21 BCM for FY25-26, increasing to 22 BCM in FY26-27, reflecting a 5-6% annual growth. (Arun Singh, CEO) Q: How is ONGC managing cost controls and fleet investments? A: ONGC is benefiting from reduced rig rates and optimizing logistics by opening a new base in Gujarat. The company is considering investing in its own fleet due to vessel shortages and high market rates. Cost control measures are expected to yield further savings in the coming years. (Arun Singh, CEO) Q: What is the outlook for ONGC Videsh's international assets, particularly in Mozambique and Russia? A: Mozambique's LNG project is progressing well, with commissioning expected by late '27 or early '28. Production in Russia remains stable, and there are increases in Colombia, South Sudan, and Azerbaijan. ONGC Videsh's production increased by 9% last year, with further upside expected. (Unidentified Company Representative, ONGC Videsh) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
