HCL Technologies: HCL Technologies announced the signing of a new mega deal with a Global 100 corporation. We expect this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term, HCL Technologies said.
Separately, Verizon Business announced a strategic global partnership making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers, bringing together two global leaders in enterprise networking.
Hero MotoCorp: The company reported consolidated net profit of Rs 700.54 crore in Q1 FY24 as against a net profit of Rs 585.58 crore in Q1 FY23. Total income rose to Rs 9076.55 crore in the June quarter from Rs 8503.07 crore recorded in Q1 FY23. Driven by softening of commodity costs, accelerated savings programs, and judicious price increases, EBITDA margin for the quarter stood at 13.8%, reflecting an improvement of 250 bps. The company expects the momentum to build-up in the coming quarters on account of favorable economic indicators and positive consumer sentiments, Hero MotoCorp said.
Mazagon Dock Shipbuilders: The company reported consolidated net profit of Rs 314 crore in Q1 FY24 as against a net profit of Rs 225 crore in Q1 FY23. Total income rose to Rs 2405 crore in the June quarter from Rs 2366 crore recorded in Q1 FY23.
Apollo Tyres: The company reported consolidated net profit of Rs 396.9 crore in Q1 FY24 as against a net profit of Rs 177.36 crore in Q1 FY23. Total income rose to Rs 6280.12 crore in the June quarter from Rs 5952.6 crore recorded in Q1 FY23.
Suryoday Small Finance Bank: The company reported consolidated net profit of Rs 47.6 crore in Q1 FY24 as against a net profit of Rs 7.8 crore in Q1 FY23. Net total income rose to Rs 275.8 crore in the June quarter from Rs 190.2 crore recorded in Q1 FY23.
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