Tag: ebit

Shares of Tech Mahindra dipped 4 percent to Rs 1,444 on the BSE in Wednesday’s intra-day trade after the IT firm's earnings before interest and tax (EBIT) margin declined by 40bps quarter-on-quarter (QoQ) to 14.8 percent in the December quarter (Q3FY22) due to salary hikes, higher sub costs, and lower utilization due to aggressive fresher hiring, impacted Tech Mahindra's margins during the quarter. In constant currency terms, the company saw a decent 4.7% revenue growth, sequentially, led by improved growth in the communications, media & entertainment, and enterprise verticals. In a post-earnings conference call, the management said that it remains confident of sustaining revenue growth momentum on the back of broad-based demand across verticals.However, the company’s management remains confident of maintaining EBITM with an upward bias on the back of revenue growth-led operating leverage, employee pyramid rationalization, subcontracting costs optimization, Read more

HUL could be gaining market share in the fabric care business. So that is happening right now and probably would continue in the forthcoming quarters, say experts. According to the prima facie, the HUL numbers are upbeat. In their estimates, both profit, as well as the EBITDA numbers, look higher than what is estimated. Even the revenue number is slightly higher than what they estimated. So the numbers overall look good. We will have to look at it in terms of the volume numbers and the second important factor will be the gross margins. "We were estimating around 5% volume growth for the quarter but the number could probably be slightly higher or in line. We will have to wait and watch out for the volume numbers but our estimate was 5% for the quarter" they say. Read more

The Reserve Bank of India (RBI) on Wednesday extended the deadline for e-mandate for recurring payments of online transactions by six months till September 30, 2021, The deadline was set to expire on March 31. The central bank decided to extend the deadline as the framework is not fully implemented by banks and to prevent any inconvenience to the customers because of lack of preparedness by the system, the RBI said. This comes after banks started informing customers about cancelling the service of e-mandates for auto-debit of funds from cards. Leading private banks have started sending messages to their customers that they will have to transact on their own for services they want to avail, instead of banks deducting the fee automatically on their behalf as banks, as well as other stakeholders, had not readied their systems to comply with the new framework.