Important results today: Tech Mahindra, Colgate, PVR, TVS Motor among others

Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India are set to release their quarterly earnings today.

Jul 29, 2021 08:07 IST India Infoline News Service

Quarterly Results
Quarterly results that are expected today include Tech Mahindra, Colgate-Palmolive (India), AAVAS Financiers, ADF Foods, Aegis Logistics, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail.

GHCL, Home First Finance Company India, Indus Towers, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, Vaibhav Global, and Welspun Corp will release quarterly earnings today.

As per media reports, Tech Mahindra revenue growth is seen at 2.4% in Constant currency terms. Margins are seen declining nearly 200bps QOQ to 14.5% due to the impact of wage hikes and Comviva seasonality. TCV of new deals is likely to be strong at $800 mn.

As per media reports, Colgate to report 15% growth in revenues at nearly Rs1,200cr. EBITDA to grow at 18.50% with volume growth of anywhere between 9% and 11% along with realisation growth of 4 to 5%, the media reports added.

Stock view:

Tech Mahindra Ltd ended at Rs1,119.50 down by Rs2.7 or 0.24% from its previous closing of Rs1,122.20 on the BSE.

Jindal Stainless (Hisar) Ltd ended at Rs275.15 down by Rs1 or 0.36% from its previous closing of Rs276.15 on the BSE.

TVS Motor Company Ltd ended at Rs575.80 down by Rs5.35 or 0.92% from its previous closing of Rs581.15 on the BSE.

Colgate-Palmolive (India) Ltd ended at Rs1,796.15 down by Rs0.85 or 0.05% from its previous closing of Rs1,797 on the BSE.

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