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Construction sector may see 10% YoY revenue growth, stable margins in Q3FY24

Livemint

Livemint · 1y ago

Construction sector may see 10% YoY revenue growth, stable margins in Q3FY24

InCred Equities expects a growth of 10% YoY in Q3FY24 for construction companies in the EPC sector. NCC is estimated to have a higher sales growth of 37% YoY due to its strong order book. Toll-based assets are expected to see a 5% sequential rise in revenue. The government's infrastructure spending and investment in PSUs are driving the growth. Project execution in election years has historically fallen by 5% YoY. InCred Equities expects a strong execution in FY24, followed by a dip in growth in FY25.

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'Logistics sector shows signs of growth in Q3FY24, volume growth to set pace'

Livemint

Livemint · 1y ago

'Logistics sector shows signs of growth in Q3FY24, volume growth to set pace'

In its Q3FY24 preview report, brokerage Nuvama Institutional Equities highlighted that the logistics sector is showing signs of growth in the second half of FY23. Volume growth, rather than pricing, will be the key driver. Blue Dart Express is the top choice for the brokerage, with expectations of stable margins and continued re-rating. The report also noted positive trends in e-way bill generation and freight rates, indicating profitability for truckers. Express players, including Delhivery and Blue Dart Express, are expected to experience volume improvements. Container rail data, particularly on the EXIM side, also showed some recovery.

Paytm likely to see 32% YoY revenue growth, losses to narrow in Q3

Livemint

Livemint · 1y ago

Paytm likely to see 32% YoY revenue growth, losses to narrow in Q3

Paytm is expected to report strong revenue growth and a decrease in net loss during the third quarter of FY24. Analysts estimate a 32% YoY increase in revenue to ₹2,721 crore, with an 8% sequential growth. The net loss is anticipated to decrease by 29% YoY to ₹280 crore. The operational performance improvement is likely to contribute to the company's increased operating profitability. Paytm's earnings for Q3FY24 are set to be announced on January 19.

Trade tensions, tariffs to disturb rapid growth of data centres: Moody's

Economic Times

Economic Times · 3m ago

Trade tensions, tariffs to disturb rapid growth of data centres: Moody's

Trade tensions and tariffs are likely to impact the growth of data centers driven by the AI boom, according to Moody's. Tariffs on essential materials and components could raise costs, affecting both current facilities and projects in development. While cash-rich hyperscalers can absorb increased costs, margins for services may suffer. The IT hardware sector, particularly AI servers, will be notably affected due to reliance on imports from high-tariff countries, complicating data center construction and increasing financial risks.

Q3 earnings review: Nifty 50 beats estimates, says Motilal Oswal

Livemint

Livemint · 1y ago

Q3 earnings review: Nifty 50 beats estimates, says Motilal Oswal

Indian corporates reported strong Q3FY24 earnings, with widespread outperformance across various sectors, driven by favorable margins, according to Motilal Oswal Financial Services. Domestic cyclical sectors such as autos and financials, along with global cyclical sectors like metals and oil & gas, performed well. Technology earnings declined slightly, the first drop in 26 quarters. Nifty 50 exceeded expectations, with 17% YoY growth in PAT. The top earnings upgrades for FY25 were recorded in Tata Motors, Coal India, Hero MotoCorp, Cipla, and Bharti Airtel, while the top downgrades were UPL, LTI Mindtree, ITC, Divis Labs, and HUL.

Fund Manager Talk | Kotak MF’s Mandar Pawar: Consumption, autos and cement to lead next market rally

Economic Times

Economic Times · 4d ago

Fund Manager Talk | Kotak MF’s Mandar Pawar: Consumption, autos and cement to lead next market rally

Kotak Mutual Fund's equity manager, Mandar Pawar, forecasts the next market rally will be led by domestic consumption, autos, and cement sectors amid improving rural demand and construction activity. Recovery is expected in H2FY26, driven by stable margins, festive season boosts, and government measures, despite global trade uncertainties. The auto and consumer discretionary sectors are strengthened by increasing consumer spending, while cement benefits from industry consolidation and rising construction. Consumer competition and valuations remain considerations.

PayU India's PA license helps it post $237M revenue in H1 FY25, even as margins shrink

YourStory

YourStory · 9m ago

PayU India's PA license helps it post $237M revenue in H1 FY25, even as margins shrink

PayU India, owned by Prosus, experienced a 12% YoY revenue growth in H1 FY25, driven by increased payment volumes and merchant onboarding. The company earned $237 million in revenue during this period. PayU India operates as a payment service provider, serving over 500,000 businesses. The lifting of a merchant onboarding embargo in April 2024 allowed the company to onboard over 4,000 merchants in H1, contributing to its positive growth. Despite this, PayU India's margins faced pressure, with a negative aEBIT margin of -5%. PayU's credit business, however, saw significant revenue growth of 91% YoY.

GCC, GenAI to help India’s tech sector grow to $254 billion in FY24-25: Deloitte

Economic Times

Economic Times · 1y ago

GCC, GenAI to help India’s tech sector grow to $254 billion in FY24-25: Deloitte

India's technology sector, including hardware, is expected to see a 3.8% YoY revenue growth to $254 billion in FY 2024-25, with exports predicted to reach $200 billion, according to Deloitte. The growth will be driven by global capability centres (GCCs), with an estimated 2,500 GCCs in India by 2030. The consultancy also highlighted spatial computing, augmented/virtual reality, and metaverse services as potential revenue generators in the hardware segment, projected to achieve $2.1 billion in revenues this fiscal year. Additionally, the report identified generative AI as a promising area, driven by sophisticated language models and automation. India's overall economic growth is anticipated to be 6.9%-7.2%, driven by the strength of its industrial sector.

The two faces of India Inc.'s Q3 growth story

Livemint

Livemint · 1y ago

The two faces of India Inc.'s Q3 growth story

Corporate India experienced divergent paths for revenue and profit growth in the December quarter. While revenues grew at their fastest rate in three quarters, profit growth slowed down. Struggling rural demand has subdued revenue growth compared to the previous year, while reduced input costs have contributed to double-digit profit growth. The banking and financial sector, which had been driving profit growth, was no longer the primary driver in the last quarter. Small businesses' profit growth lagged behind larger firms, and sectors such as banking and hospitality showed some slowdown in net profit growth. However, expenses and input prices have tapered down, leading to higher profit margins. Margins may face volatility in the coming months due to rising freight costs and the Red Sea crisis. Increased consumption demand in urban areas during the election season is expected to provide some relief to companies.

Bosch flags further cost cuts after giving 'subdued' outlook for 2024

Reuters · 1y ago

Bosch flags further cost cuts after giving 'subdued' outlook for 2024

Bosch, the world's largest automotive supplier, has warned of cost cuts and staff reductions due to stagnating vehicle production. The company expects no economic growth in 2024 and plans to implement restructuring measures to remain competitive. Despite aiming for revenue growth of 5%-7% in 2024, Bosch acknowledges that its margin on earnings may remain stable at best. The company's CFO highlighted challenging conditions in the global automotive sector, including higher costs and a price battle in China.

FMCG makers see weather impact on topline growth in June quarter

YourStory

YourStory · 1m ago

FMCG makers see weather impact on topline growth in June quarter

FMCG companies like Marico, Dabur, and Godrej Consumer predict modest growth in the June quarter, affected by unseasonal rains, short summer, and inflation pressures. Although margins remain below normal, FMCG firms expect single-digit volume growth. While urban demand improves, Godrej anticipates strong value growth, and Dabur's core brands may see robust gains. Marico faces inflation impact but notes demand consistency, especially in rural areas, while international markets deliver notable growth.

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