TCS, Wipro, Infosys to react to their earnings

13 Jan 2022 , 08:56 AM

TCS: The IT majors consolidated net profit rose 1.51% to Rs 9,769 crore on 4.31% increase in net sales to Rs 48,885 crore in Q3 December 2021 (Q3 FY22) over Q2 September 2021 (Q2 FY22).

The board also recommended to buyback upto four crore equity shares for an aggregate amount not exceeding Rs 18,000 crore, being 1.08% of the total paid-up equity share capital, at Rs 4,500 per share.

Infosys: The IT firms consolidated net profit rose 7.1% to Rs 5,809 crore on a 7.7% increase in revenues to Rs 31,867 crore in Q3 FY22 over Q2 FY22. Infosys has revised upwards its revenue guidance for FY22 to 19.5%-20%. Margin guidance is retained at 22%-24%.

Wipro: The IT major reported a 1.3% rise in consolidated net profit to Rs 2,970 crore on a 3.3% rise in revenue from operations to Rs 20,313.6 crore in Q3 FY22 over Q2 FY22.

Wipro said it expects revenue from its IT services business to be in the range of $2,692 million to $2,745 million. This translates to a sequential growth of 2% to 4%.

Tata Motors: Jaguar Land Rover said retail sales for the quarter ending 31 December 2021 were 80,126 vehicles, down 13.6% (12.6k units) from the preceding quarter ending 30 September 2021 and 37.6% (48.3k units) from the quarter a year ago ending 31 December 2020.

Kotak Mahindra Bank: The bank accepted the recommendation in relation to raising the cap of promoters stake in banks to 26% of paid-up voting equity share capital, and passed a resolution permitting the promoters voting rights in the bank to be capped at 26% going forward.

Route Mobile: The company announced that it enabled Bank of Maharashtra transform its customer communications with WhatsApp Banking Service using it (Communication Platform as a Service) CPaaS solutions.

Nazara Technologies: A meeting of the board of directors of Nazara Technologies is scheduled to be held on 17th January 2022, to consider and approve the issuance of equity shares of the company (for consideration other than cash) to one or more person on preferential basis.

Titagarh Wagons: The company has acquired the land and infrastructure of Precision Shipyard located in Falta, West Bengal, in an auction of sale conducted by the Union Bank of India.

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