Contents:<\/strong><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Stable result after adjusting for the tax one-off.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Revenue growth was tepid but margin improvement was positive. FY24 growth guidance reduced to 5-6% CC from earlier 6-8%.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Results were muted. FY24E guidance being further reduced to 1-2.5% was a big miss.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Decent results, Deal TCV growth was positive. The company announced buybacks for upto 17,000 Cr @Rs. 4,150 per share.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Strong results with swift improvement in margins & doubling of Utility Vehicle volumes.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Poor numbers in the Agri segment while the Commercial vehicle segment recovered.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Strong results led by recovery in the JLR segment which because of a better revenue mix.\u00a0<\/strong><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Stable results. Management expects the 2-Wheeler industry to post double-digit volume growth in this festive.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Stable results.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Stable results.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Capex increased by Rs. 300Cr to set up mould manufacturing capacity. Decent results, however guidance was negative as the company expects FY24 volumes to de-grow marginally.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Overall decent results even though they look bad optically. We expect a positive trajectory of revenues along with a 25% EBITDA margin to continue in the coming quarters.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Robust results on account of an increase in market share aided by an increase in active clients to 4.9 million.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Good overall results.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Decent numbers in the Electricity segment amidst price decoupling worries. Impressive growth seen in Gas Exchange segment.\u00a0<\/strong><\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Strong quarterly performance led by faster growth in non-domestic mutual fund businesses and better execution driving margin expansion.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n 1<\/sup>Adjusted Revenue= Revenue (+) Delivery costs<\/p>\n 2<\/sup>Adjusted EBITDA = EBITDA (+) share-based payment expense (-) rent<\/p>\n Strong growth numbers across segments. Blinkit\u2019s business turning contribution positive was a surprise.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Stable results despite management indication of a steep slowdown in net new project announcements in the first half of FY24 (being the Pre-election period).<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Decent results<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Performance as expected, Q2 is supposed to be the seasonally weakest quarter.<\/p>\n Check, 10-Year X-ray Now!<\/a><\/p>\n Related Blog:<\/strong><\/span><\/p>\n All Weather Alpha Case<\/a>\u00a0\u00a0Screener<\/a> Alpha Cases<\/a> \u00a0Business Houses Group<\/a><\/p>\n \u00a0<\/p>\n <\/i><\/b>Why MoneyWorks4me<\/a> | Call: 020 6725 8333<\/a> | Ebook<\/a>\u00a0| 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":" Welcome to our 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.<\/p>\n","protected":false},"author":15,"featured_media":19811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_is2025_no_summary":false,"footnotes":""},"categories":[1166,1182],"tags":[1602,1530,1549,1526],"class_list":["post-19787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyst-corner","category-mw4me-outlook","tag-q2fy24","tag-quarterly-result-update","tag-result-update","tag-weekly-result-update"],"_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/19787","targetHints":{"allow":["GET"]}}],"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=19787"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/19787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/19811"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=19787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=19787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=19787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
[sta_anchor id=\u201dreliance\u201d]Reliance Industries[\/sta_anchor]<\/h3>\n
![\"Reliance](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Reliance-Industries.png\")
<\/a> <\/strong>The strong performance led by the retail segment and sustained performance in other segments.<\/p>\n[sta_anchor id=\u201dtelecom\u201d]Telecom[\/sta_anchor]<\/h2>\n
Bharti Airtel<\/h3>\n
![\"Bharti](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Bharti-Airtel.png\")
<\/a><\/p>\n[sta_anchor id=\u201dit\u201d]IT[\/sta_anchor]<\/h2>\n
HCL Technologies<\/h3>\n
![\"HCL](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/HCL-Technologies.png\")
<\/a><\/p>\nInfosys<\/h3>\n
![\"Infosys\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Infosys.png\")
<\/a><\/p>\nTCS<\/h3>\n
![\"TCS\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TCS.png\")
<\/a><\/p>\n![\"\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana.png\")
<\/a><\/h2>\n[sta_anchor id=\u201dauto\u201d]Auto & Auto Ancillary[\/sta_anchor]<\/h2>\n
Maruti Suzuki<\/h3>\n
![\"Maruti](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Maruti-Suzuki.png\")
<\/a><\/p>\nEscorts Kubota<\/h3>\n
![\"Escorts](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Escorts-Kubota.png\")
<\/a><\/p>\nTata Motors<\/h3>\n
![\"Tata](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Motors.png\")
<\/a><\/p>\nHero Motocorp<\/h3>\n
![\"Hero](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Hero-Motocorp.png\")
<\/a><\/p>\nSona BLW Precision<\/h3>\n
![\"Sona](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sona-BLW-Precision-1.png\")
<\/a><\/p>\nSwaraj Engines<\/h3>\n
![\"Swaraj](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Swaraj-Engines.png\")
<\/a><\/p>\nBalkrishna Industries<\/h3>\n
![\"Balkrishna](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Balkrishna-Industries.png\")
<\/a><\/p>\n[sta_anchor id=\u201ddiagnostics\u201d]Diagnostics[\/sta_anchor]<\/h2>\n
Krsnaa<\/h3>\n
![\"Krsnaa\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Krsnaa.png\")
<\/a><\/p>\n[sta_anchor id=\u201dbrokerage\u201d]Brokerage & Exchanges[\/sta_anchor]<\/h2>\n
Angel One<\/h3>\n
![\"Angel](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Angel-One.png\")
<\/a><\/p>\nMotilal Oswal Financial Services<\/h3>\n
![\"Motilal](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Motilal-Oswal-Financial-Services.png\")
<\/a><\/p>\nIndian Energy Exchange<\/h3>\n
![\"Indian](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indian-Energy-Exchange.png\")
<\/a><\/p>\nKfin Technologies<\/h3>\n
![\"Kfin](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kfin-Technologies.png\")
<\/a><\/p>\n[sta_anchor id=\u201dothers\u201d]Others[\/sta_anchor]<\/h2>\n
Zomato<\/h3>\n
![\"Zomato\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Zomato.png\")
<\/a><\/p>\nCARE Ratings<\/h3>\n
![\"CARE](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/CARE-Ratings.png\")
<\/a><\/p>\nSIS Ltd<\/h3>\n
![\"SIS](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/SIS-Ltd.png\")
<\/a><\/p>\nAmber Enterprises<\/h3>\n
![\"Amber](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Amber-Enterprises.png\")
<\/a><\/p>\n\n
![\"core](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png\")
<\/a><\/p>
\n![\"\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/07\/logo-mw4me.png\"){kind=logo}
<\/a> ![\"\"](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\")
<\/a><\/p>\n
\nStock Investing<\/a>
\nMutual Fund Investing<\/a><\/div>\n<\/a>
\nJoin our Telegram Channel:<\/strong>
\nStock Investing<\/a>
\nMutual Fund Investing<\/a><\/div>\n![\"Need](\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\"){kind=logo}
<\/div>