![\"TCS\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/TCS.png\" "\\"\\"")
<\/a><\/p>\nAn overall positive result with stable deal TCV and no major negative surprises.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n The quarterly result was in line with the estimates. However, poor FY 24 guidance of 1-3.5% Constant Currency (CC) growth v\/s 4-7% previous guidance led to a significant fall in the stock price. The current pain may persist over the next few quarters, but we remain cautiously optimistic given (a) the growing digitisation needs of businesses and (b) early signs of revival in a global economy.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Weak results with total bookings of US$3.7bn & disappointing revenue guidance for Q2FY24 (between -2% to +1% QoQ CC).<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Results were in line with estimates. Merger-related synergy benefits and operational efficiencies need to be monitored.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Weak operational performance due to reduction in Digital spends. ER&D segment declined by 5% CC sequentially. However, management commentary is positive with an expectation of strong deal bookings in Q2.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n A soft quarter with flat sequential margins. Demand revival is expected in the second half of FY24.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Lower than expected growth due to slowdown in North America and Europe (~5% & 9%YoY growth respectively). Results were a miss in accordance with expectations.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n The margin was a miss against the targeted range of 23-25%, however 37.5% growth in the digital portfolio was a big positive.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Good results driven by improvement in the Rating segment.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n At par numbers. Home care as well as Beauty & personal care segment delivered mid-single-digit volume growth. The food and refreshment segment delivered near flat underlying volumes. HUL has stepped<\/em>–up advertisement spend to 10% for gaining market share.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Healthy revenue growth driven by store additions leads to good performance. The adverse impact from the larger-sized stores appears to be bottom out with revenue\/sqft and revenue\/store rising 4% YoY and 5% YoY, respectively.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Robust revenue numbers despite sluggish consumer demand.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n The muted result on account of realization\/ton being marginally lower on a QoQ basis while the cost <\/em>remains flat. This impacted EBITDA\/Mt by Rs 26\/Mt.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Sustained performance despite weak sales of value-added products.<\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Weak results on the back of delayed monsoon and muted exports (volumes down 30% YoY due to existing global inventories). Recovery in an export segment to be a key driver going forward. <\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Poor results were driven by a decline in the Performance chemical segment (~17% YoY), dragged further by a 27%YoY decline in the life science chemical segment. <\/em><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Best Stocks From<\/span>:<\/strong><\/p>\n All Weather Alpha Case<\/a> Screener<\/a> Alpha Cases<\/a> Business Houses Group<\/a><\/p>\n <\/p>\n Need help on Investing? And more<\/b>\u2026.<\/b>Puchho<\/b> Befikar<\/b><\/span><\/p>\n <\/i><\/b>Why MoneyWorks4me<\/a> | Call: 020 6725 8333<\/a> | Ebook<\/a> | WhatsApp: 9860359463<\/a><\/p>\n *<\/strong>Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.<\/p>\n *Disclaimer:<\/strong> The securities quoted are for illustration only and are not recommendatory<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Dear Readers, Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That’s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage. TCS […]<\/p>\n","protected":false},"author":15,"featured_media":18956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1166,1182],"tags":[1551,1530,1549,1526],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18939"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=18939"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/18956"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=18939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=18939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=18939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Infosys<\/h2>\n
<\/a><\/p>\nWipro<\/h2>\n
<\/a><\/p>\nLTIM<\/h2>\n
<\/a><\/p>\nHCL Technologies<\/h2>\n
<\/a><\/p>\nTata Elxsi<\/h2>\n
<\/a><\/p>\nLTTS<\/h2>\n
<\/a><\/p>\nTata Communications<\/h2>\n
<\/a><\/p>\nCRISIL <\/h2>\n
<\/a><\/p>\nHindustan Unilever<\/h2>\n
<\/a><\/p>\nAvenue Supermarts<\/h2>\n
<\/a><\/p>\nHavells India Limited<\/h2>\n
<\/a><\/p>\nUltraTech Cement Ltd<\/h2>\n
<\/a><\/p>\nHatsun Agro Product Ltd<\/h2>\n
<\/a><\/p>\nRallis Ltd<\/h2>\n
<\/a><\/p>\nAtul Ltd <\/h2>\n
<\/a><\/p>\n<\/a><\/p>\n
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