Latest news with #QoQ
Business Upturn
29-07-2025
- Business
- Business Upturn
Waaree Energies shares rise over 3% after 89% YoY surge in Q1 profit
By Aditya Bhagchandani Published on July 29, 2025, 09:18 IST Shares of Waaree Energies Ltd jumped 3.47% on the BSE to ₹3,218.60 on Tuesday, after the company reported a robust 89% year-on-year (YoY) surge in consolidated net profit for the first quarter of FY26. The solar energy player posted a profit after tax (PAT) of ₹745 crore, sharply up from ₹394 crore in Q1 FY25. Sequentially, PAT rose 20% compared to ₹619 crore in Q4 FY25. Revenue from operations also impressed, climbing 30% YoY to ₹4,426 crore and marking an 11% sequential rise from ₹4,004 crore in the March quarter. Segment Highlights Solar Photovoltaic Modules : ₹3,872 crore in Q1FY26 vs ₹3,178 crore YoY and ₹3,617 crore QoQ EPC (Engineering, Procurement & Construction) : ₹589 crore vs ₹226 crore YoY and ₹465 crore QoQ Power Generation: ₹11 crore, flat YoY and up from ₹8 crore QoQ The company's total expenses for the quarter stood at ₹3,654 crore, up from ₹2,966 crore in Q1 FY25 and ₹3,291 crore in Q4 FY25. Spending rose mainly due to higher input costs, purchases, and employee benefit expenses. With continued growth across all verticals and strong sequential momentum, investor sentiment appears optimistic, reflected in Tuesday's share price action. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
02-07-2025
- Business
- Hans India
FII holdings in IT at 13-year low: Time to buy or brace for more pain?
Investor sentiment in India's IT services sector continues to remain bearish as foreign institutional investor (FII) holding has plummeted to a 13-year low. Domestic institutional ownership has also seen a marked decline. According to BNP Paribas, such pessimism could signal a contrarian buying opportunity — historically, low investor holdings have often preceded IT sector outperformance. The brokerage notes that the Indian IT sector is currently trading at a dividend yield of 3.2%, among the highest in the last decade, providing a cushion to valuations amid uncertainty. Despite weak sentiment, key indicators such as deal wins, pricing improvements, and hiring trends point to a relatively stable demand environment. Infosys, Persistent Favoured; Wipro, TCS Expected to Lag BNP Paribas expects Q1FY26 performance to diverge across Tier I IT firms. Infosys and Persistent Systems are forecast to post strong numbers, while TCS and Wipro may report weaker results. Infosys is projected to deliver 2.1% constant currency (CC) revenue growth, defying seasonal headwinds, whereas large-cap peers could see a -1% to -2.5% QoQ CC revenue decline. Mid-cap players like Persistent may see QoQ dollar revenue growth of 1%–4%, supported by operational efficiency and favourable currency movements. EBIT margins are likely to remain flat or decline among large caps, while mid-caps could witness improvement. Recovery Signs from Global Peers Encouraging signals from global players also fuel cautious optimism. Accenture's Q4FY25 guidance, placed at the higher end of its range, implies a rebound in organic growth. BNP Paribas highlights a shift in client conversations from 'pause' to 'leapfrog' initiatives. The brokerage maintains a positive outlook on Infosys, TCS, Persistent Systems, and HCL Technologies, while downgrading LTIMindtree to neutral following recent stock gains. It remains wary of Tech Mahindra and Wipro, citing continued underperformance risks. Sector Guidance and Outlook For FY26, Infosys may revise its growth guidance to 1.5–3.5%, while HCL Tech is expected to retain a 2–5% CC growth outlook. Wipro could project a modest -1% to +1% QoQ CC growth for Q2FY26. BNP Paribas concludes that despite short-term headwinds and the possibility of trade tension escalations, the bearish investor positioning is already pricing in much of the downside. If macroeconomic indicators stay supportive — particularly in the US — the current levels could offer long-term accumulation opportunities in select IT names. Disclaimer: This report is for informational purposes only and should not be construed as investment advice. Investors are advised to consult certified financial advisors before making decisions.
Mint
19-05-2025
- Automotive
- Mint
Hyundai Motor looks to accelerate speed with EV, hybrid car
Hyundai Motor India Ltd has been hit hard by the waning popularity of hatchback cars in India. Its domestic sales volume fell by 4% year-on-year in the March quarter (Q4FY25) led by a steep 18% drop in hatchback volumes. Export volumes saved the day, clocking 14% growth, keeping the company's total volume largely stable at 191,650 units. Average sales realization (blended for domestic and exports) increased 4.8% quarter-on-quarter to ₹8,94,792 per car. Year-on-year comparison showed the sales mix shifting in favour of a higher-priced SUV that benefits overall realization. So, it is better to look at the QoQ trend as the sales mix remained largely unchanged. Price hikes and lower discounts lifted realization. Consequently, Q4FY25 Ebitda margin rose QoQ by 271 basis points to 14.2% even though it was flattish year-on-year. For FY26, the management expects low single-digit sales growth in the domestic market with export growth pegged at 7-8%. Hyundai aims to maintain a double-digit Ebitda margin in FY26. There could be some pressure on the net profit as depreciation from the commissioning of the Pune plant acquired from General Motors starts reflecting in accounts. Focus on portfolio Hyundai has chalked out separate strategies for expanding product portfolio in the short-term and long-term. Currently, it is not present in the hybrid car segment and plans to launch a model by September. Maruti Suzuki India Ltd and Toyota have hybrid car models of Grand Vitara and Hyrider respectively that use petrol engine and electric motor, and offer flexibility to use either mode. Hybrid vehicles help address the needs of buyers worried about the widespread availability of electric vehicle (EV) charging infrastructure with faster charging speed. Hyundai hybrid car could be manufactured at the Pune plant, which is likely to start operations in H2FY26. The plant's initial capacity is 170,000 vehicles, and is likely to be raised to 2,50,000 units by 2028. Also read | 'India to have 123 million EVs on the road by 2032 under best-case scenario' Creta EV shines Hyundai Creta EV, launched in Q4FY25, has been received well by consumers with most bookings for the long-range variant. According to the management, the EV is profitable for Hyundai if the launch-related marketing expenses and test drive discounts are ignored. It is focusing on localization strategy for battery cells in future to further boost the profitability of the model. Investors will closely track if Creta EV and the launch of hybrid car help Hyundai regain lost market share. Note that Hyundai's market share based on wholesale volumes fell to 13.9% in FY25 from 14.6% a year ago. In the long term, Hyundai has ambitious plans to expand its product portfolio by launching 26 new models by FY30, including 20 internal combustion engine vehicles and six EVs. The company is the export hub for emerging markets in Latin America and Africa. But the management is also open to exploring export opportunities in advanced countries such as Australia. Export sales volume is expected to increase to 30% of total sales in the long term from 21% at FY25-end, but this would also depend on how domestic sales evolve. If Hyundai's valuation is compared with larger peer Maruti, based on Bloomberg consensus estimates for FY26, it throws some interesting data. Both quote at a price-to-earnings multiple of about 25x, but Hyundai is cheaper on an EV/Ebitda basis at 15x versus 19x for Maruti. What gives? Maruti's other income is far higher, whereas its depreciation cost as a percentage of Ebitda is lower. Both these factors have a positive influence on its net profit. Hence, the right metric for valuing the core performance of both companies is EV/Ebitda. Also read | EVs hit with falling resale value as consumer demand cools
Time of India
05-05-2025
- Business
- Time of India
I-Sec maintains Buy call on Vishal Mega Mart, target price Rs 140
ICICI Securities has a Buy call on Vishal Mega Mart with a target price of Rs 140. The current market price of Vishal Mega Mart is Rs 118.85. Financials by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo Vishal Mega Mart delivered a strong Q4FY25 performance despite a challenging demand environment, with revenue/ EBITDA/ PAT growth of 23%/ 43%/ 88% exceeding our expectations. The performance was driven by double-digit SSSG (13.4% YoY) and an addition of 28 stores QoQ (85 stores in FY25). For FY25, revenue/ EBITDA/ PAT grew 20%/ 23%/ 37% with SSSG of 11.8%. Adj. EBITDA margin (pre-INDAS and ESOP) expanded 240bps YoY to 8.2% and reported EBITDA margin was at 14% (up 190 bps YoY; ~70bps impact due to ESOPs). ICICI Securities expects Vishal mega Mart to maintain its strong momentum, supported by aggressive store expansion and a focus on value-driven pricing. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Investment Rationale The key drivers are Vishal Mega Mart's high share of private label products (~73% of sales), lean cost structure, efficient supply chain, and a highly loyal customer base (contributing ~95% of revenue). ICICI Securities retains its positive outlook and maintains a BUY rating, as the company remains well positioned for sustained and profitable growth. Live Events The brokerage maintains its earnings estimates for FY26E/FY27E, modelling revenue/ EBITDA/PAT CAGR of 18%/19%/26% over FY25-27E. They maintain a BUY with a DCF-based unchanged target price of Rs 140. The key risks are slower-than-expected store addition and SSSG, exit of key managerial personnel and customer shifting towards convenience (quick commerce). Promoter/FII Holdings Promoters held 74.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.03 per cent, DIIs 12.18 per cent.
Business Upturn
25-04-2025
- Business
- Business Upturn
L&T Technology Services share price fall 5% despite strong revenue growth in Q4 – Should you buy, sell or hold?
By Aditya Bhagchandani Published on April 25, 2025, 09:32 IST Shares of L&T Technology Services (LTTS) plunged nearly 5% to ₹4,255.10 on Thursday despite posting double-digit revenue growth in Q4FY25, as profit declined due to the impact of its recent acquisition. The company reported a consolidated revenue of ₹2,982.4 crore for the quarter ended March 31, 2025, marking a 12.4% quarter-on-quarter increase. However, net profit fell 3.5% sequentially to ₹311.1 crore, mainly due to lower operating margins and costs related to the Intelliswift acquisition. Operating margins shrank to 13.2% from 15.9% in the previous quarter. Amit Chadha, CEO and MD of LTTS, said, 'We continued our industry-leading QoQ growth momentum with a third straight quarter of sequential growth of 10.7% and delivered 8.9% revenue growth in constant currency in FY25 despite a challenging environment.' LTTS announced record deal bookings in the March quarter, including one $80 million deal, one $50 million deal, a $30 million deal, a $20 million deal, and three $10 million deals. Despite this strong deal pipeline, Citi retained its 'Sell' rating on the stock with a revised target price of ₹3,800, down from its previous target of ₹4,105, reflecting concerns around margin pressure and integration-related risks. Meanwhile, LTTS shares were trading at ₹4,255.10, down 4.98% or ₹222.80 on the NSE, compared to a previous close of ₹4,477.90. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
