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Analyst Tracker: Tech Mahindra gets maximum brokerage upgrades in 1 month; turnaround plan sparks hopes

Money ControlMoney Control · 1y ago
Analyst Tracker: Tech Mahindra gets maximum brokerage upgrades in 1 month; turnaround plan sparks hopes
Medial

Tech Mahindra, an IT company, has seen an increase in brokerage analyst upgrades after announcing a strategic vision for a business turnaround. The company aims for over 15% growth in operating profit and higher revenues by 2026-27 through client accounts, restructuring, and new investments. Brokerages have noted the company's efforts in addressing client engagement issues and maintaining a solid deal pipeline. However, uncertainty in demand could impact revenue growth in the near term. Morgan Stanley and Prabhudas Lilladher have a positive outlook, while HSBC and Nuvama express caution about execution challenges. Other IT stocks like Infosys, TCS, HCL Tech, Wipro, and LTI Mindtree had minimal changes in brokerage calls post-earnings. Disclaimer: The mentioned information is the view of investment experts and not Moneycontrol.com's opinion.

Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

EntrackrEntrackr · 1m ago
Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%
Medial

Go Digit General Insurance Limited reported steady growth in the second quarter of FY26, with operating revenue (net premium) rising 10% to Rs 2,088 crore from Rs 1,891 crore in Q2 FY25. Its profit also grew 30%, crossing the Rs 100 crore threshold during the quarter. Net premiums written also saw a rise of 9% this quarter to Rs 2,109 crore in Q2 FY26 compared to Rs 1,928 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew significantly to Rs 320 crore in Q2 FY26, compared to Rs 284 crore in the second quarter of FY26, steered by a stronger investment portfolio performance. In the end, its total income for Q2 FY26 stood at Rs 2,408 crore, against Rs 2,175 crore in the corresponding quarter of the previous year. Go Digit experienced rising expenses in Q2 FY26, including commissions and brokerage costs, which amounted to Rs 603 crore. These expenses stood at Rs 573 crore in Q2 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 91.5 crore in Q2 FY26. These increases contributed to the overall 10% rise in the firm's expenses during the quarter to Rs 2,334 crore. In terms of claims, the company paid out Rs 1,098 crore in claims during Q2 FY26 against Rs 851 crore in Q2 FY25. There was also a change in outstanding claims, decreasing to Rs 426 crore in Q2 FY26 compared to Rs 483 crore in Q1 FY25. The company’s PAT (Profit after Tax) increased by 30% to Rs 116.5 crore in Q2 FY26 from Rs 89.5 crore in Q2 FY26. For the half year, the company’s profit rose 34% to Rs 255 crore in H1 FY26 from Rs 191 crore in H1 FY25. At the end of the day, Go Digit’s share price was trading at Rs 363.75 per share, giving the company a total market capitalization of Rs 33,586 crore ($3.8 billion).

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%

EntrackrEntrackr · 4m ago
PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%
Medial

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42% PB Fintech, the parent company of online insurance aggregator and brokerage platform PolicyBazaar, has released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26). The company reported a 33% growth in scale, while its year-on-year (YoY) profits increased by 42% during the same period. PolicyBazaar’s revenue from operations surged 33% to Rs 1,348 crore in Q1 FY26 in contrast to Rs 1,011 crore in Q1 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (88%) of its operating revenue from insurance broker services, which rose to Rs 1,187 crore in Q1 FY26 from Rs 845 crore in Q1 FY25. Besides operating revenue, the firm also earned Rs 99 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,447 crore in the quarter ending June 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 23% YoY to Rs 560 crore. Overall, the company's total costs grew 25% to Rs 1,356 crore in Q1 FY26 compared to Rs 1,081 crore in Q1 FY25. PolicyBazaar's net profits surged 42% to Rs 85 crore in Q1 FY26 from Rs 60 crore in Q1 FY25. At the end of the day, PolicyBazaar traded at Rs 1,808 with a total market capitalization of Rs 83,033 crore (approximately $9.5 billion).

PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26

EntrackrEntrackr · 1m ago
PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26
Medial

PB Fintech, the parent company of online insurance platform PolicyBazaar, announced its financial results for the second quarter of FY26 on Wednesday. The company’s profit surged 2.6 times year-on-year (YoY), while its operating revenue grew by 20%. PolicyBazaar’s revenue from operations rose 20% year-on-year to Rs 1,613.5 crore in Q2 FY26, up from Rs 1,348 crore in Q2 FY25, according to the company’s financial results filed with the National Stock Exchange (NSE). The Gurugram-based company derived 88.5% of its operating revenue from insurance brokerage services, which increased to Rs 1,428.16 crore in Q2 FY26 from Rs 998.76 crore in Q2 FY25. Apart from operating revenue, the firm earned Rs 84.5 crore from interest and gains on financial assets during the quarter, taking its total income to Rs 1,698 crore for the quarter ending September 2025. PolicyBazaar did not provide a detailed expense breakdown in its quarterly financial statements. However, employee benefits expenses rose 18% year-on-year to Rs 600 crore, while advertising and marketing expenses remained steady at Rs 280 crore. Overall, the company’s total expenditure increased 28.5% to Rs 1,558.8 crore in Q2 FY26 from Rs 1,213.4 crore in Q2 FY25. PolicyBazaar's net profits jumped 2.6x to Rs 134.9 crore in Q2 FY26 from Rs 51 crore in Q2 FY25. At the end of the day, PolicyBazaar traded at Rs 1,724 with a total market capitalization of Rs 79,184.6 crore ($9 billion).

Square Yards to raise Rs 2,000 Cr via IPO at $1.5-$2 Bn valuation

EntrackrEntrackr · 4m ago
Square Yards to raise Rs 2,000 Cr via IPO at $1.5-$2 Bn valuation
Medial

Square Yards to raise Rs 2,000 Cr via IPO at $1.5-$2 Bn valuation Proptech platform Square Yards is eyeing to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion, sources aware of the development told Entrackr. The Gurugram-based company is in the process of appointing investment bankers and is likely to file its Draft Red Herring Prospectus (DRHP) within the current financial year. “The planned Rs 2,000 crore Initial public offering (IPO) will be split equally between primary and secondary components, said a source. “A significant portion of the funds raised will be used to provide an exit opportunity for early investors and to reduce the company’s debt.” Founded in 2013, Square Yards is a proptech platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management. Square Yards operates in more than 100 cities across nine countries and has 150,000 agent partners. Square Yards has raised a total of $200 million of funding to date, having Reliance Group as its lead investor, which has an 8% stake in the company. According to another source, the founders of the company are expected to hold more than 50% stake after the IPO. Square Yards is targeting Rs 2,000 crore of revenue and Rs 200 crore EBITDA (Earnings before interest, tax and depreciation) by the end of the current fiscal year (FY26). During the previous fiscal year, Square Yards reported 40.9% year-on-year growth in its operating revenue to Rs 1410 crore, while its gross profits soared by 51.9% to Rs 316 crore in FY25, compared to Rs 208 crore in FY24.

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