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...
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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%)
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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%)
329 Views
HSIE Results Daily: Axis Bank, Tech Mahindra, Jubilant FoodWorks, Sonata Software
Axis Bank (AXSB) reported in-line results, led by healthy loan growth (+4.5% QoQ) and a sharp improvement in asset quality
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IT Sector - Soft Q2, Status Quo Remains
Most of the demand indicators are trailing 10-15% below levels at the beginning of the year and only slightly better than the July lows
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