*Infosys Ltd.* | *CMP* Rs. 1709 | *M Cap* Rs. 728251 Cr | *52 W H/L* 1788/1051
(Nirmal Bang Retail Research)
Increased revenue growth guidance to 16.5%-17.5%”
TCV($ MN) came at $ 2152 Mn vs QoQ $ 2570 Mn, YoY $ 3145 Mn
Revenue growth in CC terms QoQ came at 6.3% vs expectation of 5.8%, QoQ 4.8%, YoY 4%
*Result is above expectation*
Dollar revenue came at $ 3998 Mn,(5.7% QoQ, 20.7% YoY) vs expectation of $ 3975.2 Mn, QoQ $ 3782 Mn, YoY $ 3312 Mn
Net sales came at Rs. 29602 Cr (6.1% QoQ, 20.5% YoY) vs expectation of Rs. 29365.9 Cr, QoQ Rs. 27896 Cr, YoY Rs. 24570 Cr
EBIT came at Rs. 6924 Cr (5.6% QoQ, 12% YoY) vs expectation of Rs. 6625.4 Cr, QoQ Rs. 6554 Cr, YoY Rs. 6180 Cr
EBIT Margin came at 23.4% vs expectation of 22.6%, QoQ 23.5%, YoY 25.2%
Adj. PAT came at Rs. 5421 Cr vs expectation of Rs. 5288 Cr, QoQ Rs. 5195 Cr, YoY Rs. 4845 Cr
Quarter EPS is Rs. 12.7
Stock is trading at P/E of 28.4x FY22E EPS
(Nirmal Bang Retail Research)
Increased revenue growth guidance to 16.5%-17.5%”
TCV($ MN) came at $ 2152 Mn vs QoQ $ 2570 Mn, YoY $ 3145 Mn
Revenue growth in CC terms QoQ came at 6.3% vs expectation of 5.8%, QoQ 4.8%, YoY 4%
*Result is above expectation*
Dollar revenue came at $ 3998 Mn,(5.7% QoQ, 20.7% YoY) vs expectation of $ 3975.2 Mn, QoQ $ 3782 Mn, YoY $ 3312 Mn
Net sales came at Rs. 29602 Cr (6.1% QoQ, 20.5% YoY) vs expectation of Rs. 29365.9 Cr, QoQ Rs. 27896 Cr, YoY Rs. 24570 Cr
EBIT came at Rs. 6924 Cr (5.6% QoQ, 12% YoY) vs expectation of Rs. 6625.4 Cr, QoQ Rs. 6554 Cr, YoY Rs. 6180 Cr
EBIT Margin came at 23.4% vs expectation of 22.6%, QoQ 23.5%, YoY 25.2%
Adj. PAT came at Rs. 5421 Cr vs expectation of Rs. 5288 Cr, QoQ Rs. 5195 Cr, YoY Rs. 4845 Cr
Quarter EPS is Rs. 12.7
Stock is trading at P/E of 28.4x FY22E EPS
*Mindtree Ltd.* | *CMP* Rs. 4363 | *M Cap* Rs. 71871 Cr | *52 W H/L* 4734/1262
(Nirmal Bang Retail Research)
Order signed($ mn) came at $ 360 Mn vs QoQ $ 504 Mn, YoY $ 303 Mn
cOnstant Currency growth came at 13.4% vs expectation of 8.2%, QoQ 7.6%, YoY 0%
*Result is above expectation*
Dollar revenue came at $ 350.1 Mn,(12.8% QoQ, 34.1% YoY) vs expectation of $ 335.4 Mn, QoQ $ 310.5 Mn, YoY $ 261 Mn
Net sales came at Rs. 2586.2 Cr (12.9% QoQ, 34.3% YoY) vs expectation of Rs. 2473.7 Cr, QoQ Rs. 2291.7 Cr, YoY Rs. 1926 Cr
EBIT came at Rs. 469.7 Cr (15.6% QoQ, 40.9% YoY) vs expectation of Rs. 418.7 Cr, QoQ Rs. 406.3 Cr, YoY Rs. 333.4 Cr
EBIT Margin came at 18.2% vs expectation of 16.9%, QoQ 17.7%, YoY 17.3%
Adj. PAT came at Rs. 398.9 Cr vs expectation of Rs. 339.3 Cr, QoQ Rs. 343.4 Cr, YoY Rs. 253.7 Cr
Quarter EPS is Rs. 24.2
Stock is trading at P/E of 43.8x FY23E EPS
(Nirmal Bang Retail Research)
Order signed($ mn) came at $ 360 Mn vs QoQ $ 504 Mn, YoY $ 303 Mn
cOnstant Currency growth came at 13.4% vs expectation of 8.2%, QoQ 7.6%, YoY 0%
*Result is above expectation*
Dollar revenue came at $ 350.1 Mn,(12.8% QoQ, 34.1% YoY) vs expectation of $ 335.4 Mn, QoQ $ 310.5 Mn, YoY $ 261 Mn
Net sales came at Rs. 2586.2 Cr (12.9% QoQ, 34.3% YoY) vs expectation of Rs. 2473.7 Cr, QoQ Rs. 2291.7 Cr, YoY Rs. 1926 Cr
EBIT came at Rs. 469.7 Cr (15.6% QoQ, 40.9% YoY) vs expectation of Rs. 418.7 Cr, QoQ Rs. 406.3 Cr, YoY Rs. 333.4 Cr
EBIT Margin came at 18.2% vs expectation of 16.9%, QoQ 17.7%, YoY 17.3%
Adj. PAT came at Rs. 398.9 Cr vs expectation of Rs. 339.3 Cr, QoQ Rs. 343.4 Cr, YoY Rs. 253.7 Cr
Quarter EPS is Rs. 24.2
Stock is trading at P/E of 43.8x FY23E EPS
*WIPRO:* Q2 CONS NET PROFIT 29.31B RUPEES VS 24.66B (YOY); EST 28.5B | 32.4B (QOQ) || Q2 REVENUE 196.7B RUPEES VS 151B (YOY); 182.5B (QOQ)
*MINDTREE:* Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ) || Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
MINDTREE: INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
*MINDTREE:* Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ) || Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
MINDTREE: INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
Tata Motors' EV Plans Are Atmanirbhar On Batteries, Infrastructure: Company To BQ
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Today's Day is TATA'S Day:
TATAMOTORS 19%++
TATAPOWER 15%++
TATA STEEL 3%++
TATASTLLP 3%++
NELCO 5%++
RALLIS 6%++
TINPLATE 6%++
TATA COFFEE 6%++
TATA METALIC 3%++
INDIAN HOTEL 5%++
TATA CHEMICALS 17%++
TATA COMMUNICATIONS 5%++
TATA ELXSI 2%++
TATA INVESTMENT 14%++
TITAN 4%++
TATASTEEL BSL 3%++
TATAMOTORS 19%++
TATAPOWER 15%++
TATA STEEL 3%++
TATASTLLP 3%++
NELCO 5%++
RALLIS 6%++
TINPLATE 6%++
TATA COFFEE 6%++
TATA METALIC 3%++
INDIAN HOTEL 5%++
TATA CHEMICALS 17%++
TATA COMMUNICATIONS 5%++
TATA ELXSI 2%++
TATA INVESTMENT 14%++
TITAN 4%++
TATASTEEL BSL 3%++