Tech Mahindra (Q4FY24): Work in progress. Maintain REDUCE
The medium-term goals are promising and the leadership changes as well as the rejig in org structure do add credibility to the plan, in our opinion
431 Views
Tech Mahindra - Results Miss Expectations; Outlook Remains Weak
In Q4FY24, Tech Mahindra Ltd. (Tech M) reported revenue of Rs 12,871 Cr, down 1.8% on a QoQ basis, hich stood below expectations.
419 Views
IT Sector (Q4FY24E Results Preview): Transition period from ‘gradually’ to ‘eventually’
IT sector (coverage universe) growth is expected to bottom out in Q4FY24 and recover ‘gradually’ in FY25E. The slowdown in macro is still a...
332 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits
Bajaj Auto: Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
439 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits, Hitachi Energy
Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
419 Views