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Table of Contents
1.New Work Order
Cyient Limited has announced the completion of the amalgamation of its wholly-owned subsidiaries, Citec Engineering India Private Limited and Cyient Insights Private Limited. The approval for this merger was granted by the Regional Director (South Eastern Region) of the Ministry of Corporate Affairs, Government of India. The appointed date for the amalgamation is set as 1 November 2023. This strategic move is aimed at streamlining operations and enhancing organizational efficiency. The company had previously disclosed this development on 19 October 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/077bd651-e1c7-4730-a3a6-9a7a5087c86b.pdf |
Ahasolar Technologies Ltd has received a significant work order from the Goa Coastal and Environment Management Society (GC&EMS) for the development of a Unified Single Window Portal on a Software as a Service (SaaS) mode. The consultancy service is valued at approximately ₹8 crores and is set to be executed over a period of 5 years. This contract is a domestic development contract, and there is no interest from the promoter group in the awarding entity. Therefore, it does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c39cd83b-2224-4794-8a30-6f9a8cb59d88.pdf |
SOFTSOL INDIA LTD. announced that its wholly-owned subsidiary, SoftSol Resources Inc., received a work order on 16th July 2024. This contract communication to the parent company on 17th July 2024. The contract is governed by Regulation 30 of the SEBI Listing Regulations and involves providing software services for a period of 14 months starting from 17th July 2024. The entity awarding the contract is international, but its details remain confidential due to a confidentiality clause. None of the promoters or group companies have any interest in the awarding entity, ensuring the contract does not qualify as a related party transaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d46888e-8360-4271-b419-b2e770f8515b.pdf |
AYM Syntex Ltd has received an order from the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) on July 16, 2024, regarding service tax liability for FY 2014-15. The appeal filed by the company was allowed in full, resulting in the deletion of a demand of INR 4.79 crore (including applicable interest). This order has no significant impact on the company's financial operations or other activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/45ea9647-0512-4392-9f47-03096a8e5b0f.pdf |
2. Business UpdateFranklin Industries Ltd held a Board Meeting on July 17, 2024, where they approved the standalone audited financial results for the quarter ending June 30, 2024. The company reported a total revenue of ₹**2,663.26 lakhs** and a net profit of ₹**565.41 lakhs** for the quarter. The Board also decided to hold the Annual General Meeting on August 13, 2024, and approved a bonus issue of equity shares in a 1:1 ratio, increasing the authorized capital from ₹**25 crores** to ₹**30 crores**. Additionally, the company plans to expand into the agriculture industry focusing on growth and profitability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b615274-b9af-49c0-88a2-f7f4a941c082.pdf |
FIEM INDUSTRIES LTD. has announced the opening of a new R&D Centre cum Liaison Office in Japan under its wholly-owned subsidiary, FIEM Industries Japan Co. Ltd. This strategic move, inaugurated in the presence of senior officers from Honda Motor Co. Ltd., aims to bolster the company's R&D capabilities for both Two-Wheeler and Four-Wheeler segments. The new center will focus on product innovation, developing new technologies in automotive lighting, and maintaining a competitive edge in the field.喜欢阅读中文版） (Continued in English: |
Remedium Lifecare Ltd has scheduled a Board Meeting on July 20, 2024, at 01:00 P.M. to discuss and approve several key matters. These include: |
Global Health Ltd has clarified a news item regarding the auction of a 2.2-acre plot in Oshiwara by the Mumbai Housing and Area Development Authority (MHADA). The company participated in the e-auction for the land, which measures 8859.24 sq. meters, and offered a bid of Rs. 125.11 Crores. This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to keeping exchanges and investors informed about further developments related to this acquisition. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8731df12-4b5a-40df-95cd-45596f74d960.pdf |
TVS Motor Company Ltd. has announced significant plans for its subsidiary, Norton Motorcycles, marking a new era of global expansion. The company is set to launch six new models over the next three years, with a focus on increasing sales in the USA, Germany, France, Italy, and India. TVS Motor has committed £200 million towards product development, facilities, and R&D. |
3. Investor PresentationVIMTA LABS LTD. reported robust financial performance for Q1 FY25, with total income at ₹824 Mn and an EBITDA of ₹252 Mn, reflecting a margin of 30.6%. The company's PAT stood at ₹123 Mn, with a PAT margin of 14.9%, and a basic EPS of ₹5.5. As of June 30, 2024, total debt was ₹130 Mn, and cash and cash equivalents were ₹324 Mn. The company aims to achieve revenues exceeding ₹500 Cr by 2025/26, driven by capacity expansions, service innovations, and penetration into new markets. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc80d68c-8f08-41bd-9662-c87193ff0b10.pdf |
LTIMindtree Ltd reported its Q1FY25 performance, showcasing a revenue of $**4.3 billion** with a 5.1% year-over-year increase in USD and a 2.8% quarter-over-quarter increase. The company has a global presence in 30+ countries and employs over 1,000 professionals. Key metrics include a 15.0% EBIT margin and a 12.4% PAT margin. LTIMindtree Ltd aims for Net Zero by 2040 and 85%+ renewable energy use by 2030. Significant client engagements include strategic deals with a US digital marketing company and a major US airline. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef4db7b3-ad4f-4f26-8286-df7978bd8898.pdf |
LTIMindtree Limited has released its Q1FY-25 Investor Presentation, highlighting key performance metrics and strategic initiatives. The company reported a revenue increase of 2.8% QoQ and 5.1% YoY in USD terms, with Q1FY25 revenue at $1,096.2 million. The EBIT margin improved to 15.0% from 14.7% in the previous quarter. The presentation also emphasized LTIMindtree's commitment to sustainability, aiming for Net Zero by 2040 and 85%+ renewable energy use by 2030. Additionally, the company has secured significant deals, including a strategic outsourcing agreement with a US digital marketing company and a multi-year service desk support contract with a major US airline. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef4db7b3-ad4f-4f26-8286-df7978bd8898.pdf |
Asian Paints Ltd. reported a net sales de-growth of ~3% for Q1 FY25, driven by price cuts and a shift in mix. The gross margins stood at 42.9%, a decline of 50 bps from Q1 last year due to material price inflation. The PBDIT margin was 20.3%, 440 bps lower than Q1 FY24. |
Elecon Engineering Co. Ltd. is one of Asia's largest industrial gear solution companies, with a state-of-the-art manufacturing facility spread over 335,000 square meters in Vallabh Vidyanagar, Gujarat. The company reported consolidated revenues of Rs 392 Cr for Q1 FY25, achieving an EBITDA margin of 23.5% and a PAT margin of 18.7%. The Gear Division's revenue was Rs 334 Cr, while the MHE Division saw a 9% Y-o-Y growth. Elecon aims to derive 50% of its revenue from overseas markets by FY30, with international business contributing 34% in Q1 FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c5419b77-b8f7-4130-bd9e-31401ea10cfe.pdf |
Vikas Lifecare Limited has announced significant updates on its acquisition deal with Ebix Inc. The consortium led by Eraaya Lifespaces Limited has already remitted USD 12 million (INR 101 crores approx) and plans to remit an additional USD 35 million (INR 293 crores approx) by July 2024. The acquisition, valued at USD 361 million (INR 3,009 crores approx), will be executed through a Plan of Reorganization under Chapter 11 provisions. This strategic move will enable Vikas Lifecare to explore new opportunities in the On-Demand software and E-commerce services sectors, particularly in the insurance, financial, and healthcare industries. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e0306fad-39ce-4de5-98b3-9af85f9cd679.pdf |
Eraaya Lifespaces Ltd has announced significant updates regarding its acquisition of Ebix Inc.. On July 16, 2024, Eraaya remitted USD 12 million (INR 101 crores approx) and plans to remit an additional USD 35 million (INR 293 crores approx) within the same month. The acquisition, valued at USD 361 million (INR 3,009 crores approx), will be completed through Ebix’s Plan of Reorganization under Chapter 11 proceedings. This strategic move will enable Eraaya to explore new opportunities in the On-Demand software and E-commerce services sectors, particularly in insurance, financial, and healthcare industries. https://www.bseindia.com/xml-data/corpfiling/AttachLive/29d52aa8-0a91-4d90-bd44-36e034de4877.pdf |
4. Preferential BasisPradhin Ltd has scheduled a Board of Directors meeting on Monday, 22nd July, 2024, at 4:00 P.M. at 304, Abhushan Complex, Mahadev Nagar Stadium Road, Ahmedabad-380009. The agenda includes discussing the proposal of raising funds through the issuance of Equity shares and/or Convertible warrants on a preferential basis. Additionally, any other business matters will be addressed with the Chairperson's permission during the meeting. (Sapariya, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/6818b7da-f5b9-4b90-9a3a-fae80b8985ae.pdf |
Apollo Micro Systems Ltd has scheduled a Board Meeting on Tuesday, 23rd July, 2024 at its registered office in Hyderabad. The agenda includes considering the issuance of equity shares and/or convertible securities, including warrants, on a preferential basis under SEBI (ICDR) Regulations, 2018. The meeting will also determine the issue price, subject to necessary regulatory and shareholder approvals. |
TARMAT LTD. announced the outcome of its Board Meeting held on July 17, 2024. The conversion of 2,500,000 warrants into an equal number of equity shares was approved. The equity shares were issued at ₹**95** each, including a premium of ₹**85**, to non-promoters/public category on a preferential basis. The total amount received from the allottees was ₹**17,81,25,000** at ₹**71.25** per warrant, representing 75% of the issue price. Consequently, the company's issued and paid-up capital increased to ₹**23,81,42,550**, consisting of 23,814,255 equity shares of ₹**10 each**. The new equity shares will rank pari-passu with the existing shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e0c77b6b-033b-4fbc-ba44-2d80bde5601a.pdf |
Madhuveer Com 18 Network Ltd has announced the issuance of up to 1,00,00,000 equity shares at a face value of Rs. 10 each, with a premium of Rs. 30 per share, aggregating to Rs. 40 crores. The preferential allotment includes 55,00,000 shares for promoters and 45,00,000 shares for the public. The authorized share capital will increase from Rs. 25 crores to Rs. 36 crores, subject to shareholder approval. |
Moneyboxx Finance Ltd held a Board Meeting on July 17, 2024. The Board approved the issuance of up to 52,45,736 Equity Shares at an issue price of Rs. 302.20/- per share, aggregating to Rs. 158,52,61,420/-. Additionally, they approved the issuance of up to 37,37,745 Convertible Warrants at the same issue price, totaling Rs. 112,95,46,539/-. The company will convene an Extra-Ordinary General Meeting on August 12, 2024, to seek shareholder approval for these actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/252879df-f5b5-4a67-9054-60938f080b23.pdf |
Moneyboxx Finance Ltd held a Board Meeting on July 17, 2024, where they approved the issuance of up to 52,45,736 Equity Shares at an issue price of Rs. 302.20 per share, aggregating to Rs. 158,52,61,420 on a preferential basis to non-promoter category investors. Additionally, they approved the issuance of up to 37,37,745 Warrants, convertible into an equal number of equity shares, at the same issue price, totaling Rs. 112,95,46,539. An Extra-Ordinary General Meeting is scheduled for August 12, 2024, to seek shareholder approval for these matters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a8c98e1-f86d-4fa6-96d6-aacb32b06ae4.pdf |
5. Press Releases |
SOM DISTILLERIES & BREWERIES LTD. has announced that its strong beer brand, Power Cool, has achieved significant success in the Karnataka market. It has become the second most popular and highest-selling beer in the state. This rapid growth highlights the brand's strong market presence and increasing consumer preference. The achievement has been recognized by media outlets, with coverage available on platforms like Brewer World and Spiritz. For more details, visit the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/00371a9f-6aff-4b1c-b989-4684135dcb27.pdf |
Zensar Technologies Ltd. announced the acquisition of 100% membership interest in BridgeView Life Sciences, LLC, a technology consulting and system integration services provider for the biopharma and life sciences industry. The acquisition, valued at an upfront payment of USD 14.0 million with additional payments up to USD 11.0 million contingent on performance and employment continuity, aims to strengthen Zensar's Healthcare and Life Sciences (HLS) vertical. |
Vimta Labs Limited has announced its unaudited financial results for Q1 FY25, reporting a total income of Rs. 824 Mn. The company's EBITDA margins stood at 30.6%, and its PAT margin was at 14.9%. Vimta Labs achieved a PAT of Rs. 123 Mn and a basic EPS of Rs. 5.5. |
Radico Khaitan Ltd. has announced the launch of its award-winning Sangam World Malt Whisky in the Indian market, marking a significant milestone for the company. The whisky, which has already garnered international acclaim, including a gold medal at the John Barleycorn Awards 2024 and the BTI Luxury Spirits Award 2023, will be available across India. |
Asian Paints Ltd. reported its Q1 FY'25 financial results, highlighting a 2.3% decline in consolidated net sales to ₹8,943 crores and a 24.6% drop in consolidated PAT. The standalone net sales decreased by 2.9% to ₹7,853 crores, with a 20.9% reduction in net profit to ₹1,192.4 crores. |
Zydus Lifesciences Ltd has announced a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company to market the novel gastrointestinal drug Vonoprazan under the brand name Vault® in India. This next-generation treatment for gastro duodenal ulcer and GERD will be marketed by Zydus, which has a strong legacy in gastrointestinal therapies. The prevalence of GERD in India is 15.6%, influenced by factors such as age, BMI, diet, and lifestyle habits. |
Elecon Engineering Co. Ltd. reported its unaudited financial results for Q1 FY25, highlighting a consolidated revenue of Rs. 392 Crs, a 5.3% decline from Q1 FY24. |
TATA TELESERVICES (MAHARASHTRA) LTD. has revealed that 50% of Indian SMEs are prioritizing Cloud for business expansion in FY2024, with 20% successfully migrating over half of their workload to the Cloud. The study highlights that 51% of SMEs prioritize Cloud for customer support, and 40% cite enhanced security as a top driver for Cloud adoption. Additionally, 52% of SMEs leverage the scalability and affordability of Public Cloud, and 36% are focusing on Cloud skills for future usage. This momentum underscores the strategic role of Cloud in driving SME growth and resilience. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4160f01d-9a27-42ff-8277-d03e21f137de.pdf |
Maruti Suzuki India Ltd. has announced a comprehensive Technology Strategy aimed at achieving carbon neutrality and minimizing energy consumption over the next decade. The strategy includes the development of: |
Glenmark Pharmaceuticals Ltd. has received final approval from the U.S. FDA for its Topiramate Capsules USP, 15 mg and 25 mg. These capsules are bioequivalent and therapeutically equivalent to Topamax® Capsules by Janssen Pharmaceuticals. The market for Topamax® Capsules, 15 mg and 25 mg, achieved annual sales of approximately $21.9 million as of May 2024. Glenmark's portfolio includes 198 products authorized for U.S. distribution and 50 ANDAs pending approval. The company continues to explore external development partnerships to enhance its pipeline and portfolio growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e57a67e7-d072-4b5a-8fa1-bd37d9eec60c.pdf |
EICHER MOTORS LTD. has recently launched the Royal Enfield Guerrilla 450. This is a premium modern roadster with a powerful 452cc Sherpa engine delivering 40PS and 40Nm of torque. The motorcycle offers dynamic chassis, riding modes, and versatile riding experiences. |
6. New AcquisitionsZensar Technologies Ltd. announced the acquisition of 100% membership interest in BridgeView Life Sciences, LLC, a technology consulting and system integration services provider for the biopharma and life sciences industry. The acquisition, valued at an upfront payment of USD 14.0 million with potential additional payments up to USD 11.0 million by December 2027, aims to strengthen Zensar's Healthcare and Life Sciences (HLS) vertical. |
Ashok Leyland Ltd. announced on July 17, 2024, that its subsidiary, Hinduja Tech Limited (HTL), has signed a definitive agreement to acquire TECOSIM Group GmbH. This strategic acquisition, valued at approximately EUR 21 million, will enhance HTL's capabilities in simulation and engineering services, broadening its presence in European and international markets. TECOSIM, headquartered in Wiesbaden, Germany, has a turnover of EUR 40 million in 2023 and employs around 650 people. The acquisition is expected to be completed by September 30, 2024, pending regulatory approvals from Germany, India, and other relevant authorities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1275cb5-3880-4460-a004-20fdd8a149d3.pdf |
UltraTech Cement Limited has announced the acquisition of 26% equity shares in Amplus Omega Solar Private Limited. This strategic move aims to meet UltraTech's green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws. The acquisition involves a cash consideration of up to ₹24,30,17,300 and is expected to be completed within 180 days from the execution of the relevant agreements. |
7. Credit RatingRuchi Infrastructure Ltd. has successfully completed the scheduled repayment of its entire term loan to the satisfaction of South Indian Bank Limited by the quarter ending June 30, 2024. Consequently, the company applied for the withdrawal of the credit rating accorded by CARE Ratings Limited on July 17, 2024. This update was communicated to BSE Ltd. and the National Stock Exchange of India Ltd. for their records. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b5b48e11-7faa-402c-86bf-25b60e17c4c5.pdf |
SAMHI Hotels Ltd has received a credit rating from ICRA Limited, assigning an Issuer rating of [ICRA]A- with a Stable outlook. Additionally, its wholly-owned subsidiary, Ascent Hotels Private Limited (AHPL), has been rated with a long-term rating of [ICRA]A- and a short-term rating of [ICRA]A2+ for its Rs. 242 crore bank facilities. The breakdown includes a Rs. 227 crore term loan and a Rs. 15 crore overdraft. This rating reflects a consolidated view of the company and its subsidiaries, indicating a stable financial outlook. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4cf28cb-e7a0-4288-b6d2-657d0fb6a92b.pdf |
GOCL Corporation Ltd has announced a credit rating upgrade for its wholly-owned subsidiary, IDL Explosives Limited, by Infomerics Valuation and Rating Private Limited on July 17, 2024. The long-term bank facilities rating has been upgraded to IVR A-/Stable from IVR BBB+/Stable, and the short-term bank facilities rating has been upgraded to IVR A2+ from IVR A2. The total rated facilities amount to ₹357.40 crore, with ₹15.00 crore in long-term facilities and ₹342.40 crore in short-term facilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/eb1e45a8-7b28-4a04-aa43-2078d4ccdcab.pdf |
Capital India Finance Ltd has announced significant updates under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
Gujarat Ambuja Exports Ltd. has received a credit rating of CARE AA-; Stable for its unsecured long-term bank facilities amounting to Rs 100 Crore. This rating was assigned by CARE Ratings Limited as per their letter dated 17th July, 2024. |
Navin Fluorine International Limited has announced that its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL), has allotted 24,98,16,846 Non-Cumulative, Non-Convertible, Non-participating, Redeemable Preference Shares. Each share has a face value of ₹**10**, totaling ₹**2,49,81,68,460**. This information is also available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1ecbc91-16b0-4481-ae12-f4cf7f3fa238.pdf |
8. ResignationsCLIO INFOTECH LTD. announced significant changes in its board of directors and key managerial personnel on July 17, 2024. The Board approved the appointments of: |
Hindusthan Urban Infrastructure Ltd has announced that Mr. Satej Nabar, the Managing Director of its subsidiary, Hindusthan Speciality Chemicals Limited, has resigned effective from the close of business hours on July 17, 2024. The resignation is due to personal reasons, and the requisite disclosure has been made in compliance with SEBI regulations. The company has expressed gratitude for Mr. Nabar's contributions and wishes him continued success. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a09cb8d2-1004-4efb-bbb0-351ce613fb2b.pdf |
CLIO INFOTECH LTD. announced significant changes in its board of directors and key managerial personnel on July 17, 2024. |
Bajaj Electricals Ltd. announced the resignation of its Managing Director and CEO, Anuj Poddar, effective from September 30, 2024. Poddar, who led the company through significant transformations, is leaving to pursue an external opportunity. Under his leadership, the company achieved milestones such as becoming net-debt-free in March 2022, relaunching its flagship brand '**BAJAJ**', and expanding its portfolio with the premium brand Nex. The Board has expressed appreciation for his contributions and will transition responsibilities to Executive Chairman Shekhar Bajaj during the interim period. https://www.bseindia.com/xml-data/corpfiling/AttachLive/03150c29-80a4-4024-b91f-0b926c11d223.pdf |
Hindustan Zinc Ltd. received approval from the Hon’ble National Company Law Tribunal (NCLT), Jaipur Bench, on July 16, 2024, for a Scheme of Arrangement involving the reorganization of its capital. The scheme entails transferring INR 10,383.15 crores from the General Reserves to Retained Earnings. This move aims to create shareholder value without adversely affecting creditors, as there is no outflow of funds. The scheme was approved by 99.9970% of shareholders, including the Government of India, which holds a 29.54% stake. The company undertakes to maintain a minimum net worth of INR 5,000 crores post-sanction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4042f8db-6150-444e-a497-7a53195790d0.pdf |
Hindustan Zinc Ltd. has received approval from the Hon’ble National Company Law Tribunal (NCLT), Jaipur Bench, for a Scheme of Arrangement involving the reorganization of its capital. The scheme entails transferring INR 10,383.15 crores from the General Reserves to Retained Earnings. This move aims to create shareholder value by utilizing excess funds for future business needs and potential dividends. The scheme was approved by 99.997% of shareholders, including the Government of India, which holds a 29.54% stake. Hindustan Zinc Ltd. has a robust financial health, with a net worth of INR 15,233 crores and current assets totaling INR 12,693 crores as of 31.03.2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8ac81025-a1b4-4ea4-95fa-1824aa567000.pdf |
9. Company StrikeAARTI DRUGS LTD. has announced the voluntary closure of manufacturing activity for a specific product at its T-150 unit in Tarapur, Maharashtra. The closure was prompted by an order from the Maharashtra Pollution Control Board (MPCB) dated July 13, 2024, following a bromine gas leakage incident during the unloading process. The company will cease production of the affected product on July 18, 2024. However, there is no financial or material impact expected as the product was for captive consumption, and sufficient inventory is available. Other manufacturing activities at the T-150 unit will continue as usual. https://www.bseindia.com/xml-data/corpfiling/AttachLive/26dfe633-3d47-4260-a8d0-3b6e9bf3ef54.pdf |
Polyplex Corporation Limited has announced the resumption of operations at its manufacturing facility in Khatima, District Udham Singh Nagar, Uttarakhand, effective from the morning of July 15/16, 2024. The facility had previously halted operations due to heavy rain causing a flood-like situation. The company is currently assessing the amount of loss and damage caused by the natural calamity. Despite the challenges, the operations team has taken timely and effective steps to restore the facility to near-**normalcy**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc394163-fde7-4776-b49f-2e393444c6fb.pdf |
HCL Technologies Ltd. reported a revenue of 3.364 billion for Q1 FY'25, reflecting a sequential decline of 1.6% but a year-on-year growth of 5.6% in constant currency terms. The company's EBIT stood at 3.364 billion for Q1 FY'25, reflecting a sequential decline of 1.6575 million, with a margin of 17.1%, down 50 basis points sequentially but up 13 basis points year-on-year. Net income for the quarter was 496 million, marking a 3.4496 million, marking a 3.4% sequential increase and a 15.3% year-on-year rise. The company highlighted significant growth in its software segment, with annual recurring revenue reaching 4.96 billion. HCLTech also emphasized its strategic focus on generative AI, launching platforms like AI Force and Enterprise AI Foundry, which are expected to drive future growth and efficiency. (Manager & Anand, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9580879e-92fc-4300-986f-703d22467eb0.pdf |
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