Latest news with #Fortius
Daily Record
18-07-2025
- Health
- Daily Record
Fortius Athletics in Cambuslang raise over £3000 for Alzheimer Scotland
The team of 20 from Fortius Athletics did the formidable 12-hour endurance challenge. A Cambuslang gym raised over £3000 with 12-hour solstice challenge for Alzheimer Scotland. The team of 20 from Fortius Athletics did the formidable 12-hour endurance challenge in support of the charity on Saturday June 21. From 7am to 7pm, they kept equipment running and spirits high as they tackled four disciplines – rowing, skiing, cycling and bench pressing. Timed to coincide with the summer solstice, the longest day of the year, the event was part of the Alzheimer's Association's global Longest Day initiative, which encourages individuals and groups to honour those living with Alzheimer's and other forms of dementia by engaging in meaningful activity. Over the course of the day, the Fortius team covered astonishing distances and workloads – more than 580,000 metres biked, over 276,000 metres rowed, more than 276,000 metres skied and a massive 2300 bench presses completed. The scale of the physical effort was matched only by the dedication behind it. 'The charity is close to our hearts,' said one Fortius team member. 'Many of us have family or friends who've been affected by dementia, so this was personal. We wanted to do something that reflected the kind of resilience people with Alzheimer's show every day.' Throughout the day, gym members, family and friends stopped by to lend their support—bringing snacks, cheering on the team, and even stepping in for short bursts on the machines. The atmosphere was one of unity and purpose, with moments of quiet reflection shared alongside the buzz of effort and encouragement. By the end of the challenge, over £3000 had been raised through online donations and in-gym contributions – all of which will go directly to Alzheimer Scotland to support their vital work in research, outreach, and care. The Fortius team shared their thanks to everyone who supported the effort, adding that donations remain open via their JustGiving page. Plans are already underway for next year's challenge, with hopes of making it an annual tradition. 'It was tough. But knowing we were doing it for a cause that matters—something we all care deeply about—that's what kept us going,' said another participant. 'It wasn't just about reps and metres. It was about standing up for those who can't always stand for themselves.'
Economic Times
15-07-2025
- Business
- Economic Times
Tech Mahindra Q1 Results Preview: PAT may rise 42% YoY; CC revenue to dip
Tech Mahindra is expected to post a sequential revenue decline in constant currency terms for the first quarter of FY26, dragged down by weakness in the hi-tech vertical and seasonally soft performance in its BPO business. ADVERTISEMENT While seasonality in its Comviva unit is likely to offer some support, the drag from core segments is expected to outweigh that tailwind. PAT for the quarter is likely to jump by a healthy 42% year-on-year (YoY), according to an average estimate of six brokerages. Analysts estimate a 0.5%–1.0% QoQ decline in constant currency (CC) revenue, while the dollar revenue may see marginal growth of around 1%. Most expect deal wins to remain strong, with estimated total contract value (TCV) for the quarter at around $750 million — an improvement over the previous quarter and significantly higher on a year-on-year basis. We forecast c/c revenue decline due to weak hi-tech vertical and seasonal weakness in BPO business. These headwinds will more than offset tailwind from Comviva seasonality. We expect a 30 bps increase in EBIT margin resulting from benefits of project Fortius. ADVERTISEMENT This will offset headwinds from wage revisions. Rupee depreciation will help. We forecast net new deal wins of $750 million, an improvement QoQ and material increase YoY. More importantly, new deals are won at a higher expect a solid FY26E on profitability. Revenue growth will be weaker due to rationalization of low margin businesses. We expect investor focus on— measures to improve margins to 15% by FY27, health of telecom vertical, a segment in which many peers have announced megadeals, growth in keenly watched financial services vertical, reasons for weak hitch and BPO businesses. ADVERTISEMENT TechM shall report -0.8% QoQ CC and +1% QoQ in USD - Comviva seasonality along with headwinds in the hi-tech segment. Margins shall expand +50bp QoQ. We will watch out the management comments on the FY27 revenue and margin guidance, and their progress on it. ADVERTISEMENT Revenue growth may see a decline of 1.0% QoQ CC due to a muted recovery in Telecom and Manufacturing (50% of revenue). While the communications vertical has stabilized, recovery may take wins have picked up pace, with Tech Mahindra outperforming peers. Management sees a sustainable TCV baseline of $600-800 million. ADVERTISEMENT Margins are expected to rise by 20 bp, supported by lower subcontractor costs and SG&A efficiency. That said, weak revenue growth may limit outlook on segments such as BFS vertical and CME, especially in US and deal TCV, will be the key expect CC revenue to decline 0.5% sequentially. Communications vertical to be impacted by Comviva seasonality while Enterprise to be impacted by likely softness in expect margins to expand by 50bps led by efforts under Project Fortius Watch out for: Progress of the strategic initiatives by CEO Mohit Joshi, Telecom vertical outlook, margins levers, discretionary spend outlook (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
23-04-2025
- Business
- Business Standard
Tech Mahindra Q4 results: check date, time, expectations, dividend
Tech Mahindra Q4 Results 2025: The IT major is likely to report a flat revenue growth, while the bottom line is expected to rise by 10 per cent Sai Aravindh Mumbai Tech Mahindra Q4 results preview: Information Technology major Tech Mahindra is expected to report flat sequential growth in both revenue and margins, while analysts tracked by Business Standard project a 10 per cent quarter-on-qyarter (Q-o-Q) rise in net profit for the fourth quarter of the financial year. The IT bellwether will report its earnings for the fourth quarter ended March on April 24, Thursday, following muted sequential growth and cautious commentary from peers Infosys, Wipro, and HCL Technologies amid ongoing global trade concerns. Tech Mahindra revenue is expected to come in at ₹13,457.85 crore, marking a 1.3 per cent increase Q-o-Q, according to consensus estimates of analysts tracked by Business Standard. On a year-on-year (Y-o-Y) basis, the company's top line is projected to grow by an average of 4.5 per cent. Revenue for the IT giant will be weighed by seasonal weakness in the Business Process Outsourcing (BPO) business, while the margins will improve from the benefits of project Fortius, according to analysts. Brokerages expect earnings before interest and tax (Ebit) margin to expand by 9 basis points (bps) to 10.29 per cent. The firm is expected to post a 10.2 per cent decline in net profit for the fourth quarter sequentially to ₹1,083.71 crore. On a Y-o-Y basis, the net profit is expected to grow at an average of 11.76 per cent. Here's how analysts of various brokerages expect Tech Mahindra to fare in Q4: Kotak Securities: The brokerage expects Tech Mahindra to report a constant currency revenue decline in Q4, driven by weakness in the hi-tech segment and seasonal softness in the BPO business. These headwinds are expected to outweigh the seasonal boost from Comviva. However, Ebit margin is likely to improve by 30 bps, aided by cost efficiencies from Project Fortius and the benefit of rupee depreciation, offsetting the impact of wage hikes. Net new deal wins are expected at around $750 million, showing both quarter-on-quarter and year-on-year improvement. Importantly, these deals are coming in at higher margins, Kotak said. For FY26, Kotak expects solid profitability, though revenue growth may remain muted due to the exit from low-margin businesses. The net profit is likely to rise by 1.2 per cent Q-o-Q to ₹994.8 crore, while the Ebit are expected to rise by 31 basis points sequentially, according to Kotak. IDBI Capital: Analysts at the brokerage expect Tech Mahindra's revenue to decline by 0.6 per cent in US dollar terms, mainly due to weakness in the hi-tech vertical. Ebit margin is likely to stay flat, supported by cost benefits from Project Fortius, which helps offset revenue pressure, it said in a note. Large deal wins, plans to boost growth, margin improvement measures, geographic visibility, and updates on AI-driven deals are the key factors to watch, according to IDBI Capital. HSBC: The global brokerage expects revenue to decline by 0 to 1 per cent Q-o-Q in constant currency terms for Q4, as growth in banking and manufacturing is likely to be offset by continued weakness in the hi-tech, BPS, and telecom segments. Margins are expected to remain flat, with the benefit of rupee depreciation balancing out the impact of wage hikes. The new management team acknowledges the need to invest in sales and manage costs to expand margins, HSBC said. "However, we believe the path to this turnaround is going to be challenging." The brokerage has lowered revenue estimates for FY25-27 by 2 per cent. "Consensus has moderated recently, but we do see further downside risk on FY27 margin and EPS estimates for the company."
