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Tata Communications: Profit in Q4FY22 grew by 23.2 percent YoY to Rs 369 crore on higher other income. Revenue grew by 4.6 percent to Rs 4,263 crore in same period driven by data services segment, which contributed the maximum to revenue. The board has recommended a dividend of Rs 20.7 per share for the year, as a result of the company reporting strong profitability.
HCL Technologies: The IT services company recorded a 4.4 percent sequential growth in profit at Rs 3,593 crore and 1.2 percent QoQ growth in revenue at Rs 22,597 crore, but earnings before interest & tax fell 4.4 percent QoQ to Rs 4,069 crore. The dollar revenue growth was half a percent QoQ at $2,993 million and revenue in constant currency showed 1.1 percent increase QoQ. The company reported total contract value (TCV) of new deal wins at $2,260 million for Q4, registering 6 percent QoQ growth, and has declared a dividend of Rs 18 per share.
ICICI Lombard General Insurance Company: The company reported 9.6 percent year-on-year decline in profit at Rs 312.5 crore, but net premium earned during the quarter jumped 27 percent to Rs 3,318 crore and total income grew by 33 percent to Rs 4,636 crore compared to year-ago period. Even operating profit surged 29 percent YoY to Rs 1,009.6 crore during the quarter.
TVS Motor Company: The company announced an additional investment of 100 million pound in Norton Motorcycle, Britain's most iconic sporting motorcycle brand. Norton Motorcycle was acquired in April 2020.
RailTel Corporation of India: The company has received work order from National Informatics Centre Services. National Informatics Centre Services was incorporated in relation to assignment of work of immigration visa and foreigner registration & tracking. The work order was worth Rs 29.75 crore.
JSW Energy: Subsidiary JSW Neo Energy (JSWNEL) is going to set up 1,500 MW capacity of hydro pumped storage project (PSPs) - Komoram Bheem Pumped Storage Project, in Telangana. The company has entered into a Memorandum of Understanding with the state government, for the said project. With the said project, the company has tied-up resources for 5 GW hydro PSPs with the governments of various states (Maharashtra, Chhattisgarh, Telangana, and Rajasthan).
L&T Technology Services: The IT company clocked 5.3 percent sequential growth in profit at Rs 262 crore on better EBIT that grew by 4.1 percent with flat margin at 18.6 percent QoQ, while revenue increased 4.1 percent to Rs 1,756.1 crore compared to previous quarter. North America, Europe and India supported revenue growth, but Rest of World segment reported 1.6 percent sequential decline in Q4. It has bagged $100 million+ electric air mobility program from Jaunt Air Mobility. It will open an engineering and R&D centre in Québec Province for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL (electric Vertical Takeoff and Landing) air taxi.
By: via @AlliesFin Serve Stock Market
