LTIMindtree delivered a steady Q1 FY26, reporting 2% QoQ and 5.2% YoY USD revenue growth to USD 1,153mn, with a 50bps EBIT margin expansion to 14.3%, supported by efficiency gains from its Fit4Future program. Growth was broadbased, led by Consumer (+6.2%) and Healthcare & Life Sciences (+4.8%), while BFSI, Tech, and Manufacturing saw modest upticks. Europe stood out with 9.7% QoQ growth, offsetting a 6% decline in ROW. Order inflow rose 17% YoY to USD 1.63bn, marking the 3rd consecutive USD 1.5bn+ quarter, driven by key wins in agribusiness, AI-led programs, and digital transformation. Utilization improved to 88.1% despite a slight drop in headcount, reflecting better operational execution....
The company delivered a subdued Q1FY26, posting revenue of INR 3,207mn, falling short of expectations due to delays in large deal closures and cautious customer spending amid global uncertainty. Despite this, it maintained healthy profitability with a 15.5% of PAT margin, driven by a 19%YoY growth in recurring revenue streams like SaaS, ATS, and AMC. While license revenues declined due to smaller deal sizes and longer decision cycles, the addition of 12 new clients and growing interest from BFSI, insurance, and enterprise sectors show positive demand momentum. Its industry-specific, AI-driven low-code platforms continue...
IHCL reported stellar Q1FY26 results beating our and consensus estimates on all key parameters. The company delivered 13th best ever quarter aided by healthy demand in domestic market and improved operational performance of overseas hotels. Moreover, despite unpresented disruptions, RevPAR growth in domestic market is commendable. The management reiterated healthy double digit RevPAR growth in FY26E, aided by healthy demand, increasing FTA and higher spending on MICE, weddings etc. IHCL's new business are growing at a robust pace and will continue to support consolidated earnings. Net sales increased by...
Clean Science and Technology (Clean) reported results which were in line with our expectations. The management stated that the growth is majorly led by volumes as realisations are steady. Favourable product mix led to better margin delivery at 41% as established products like MEHQ/BHA saw better growth while products with lesser salience like DCC, TBHQ and others saw weaker growth. Sales volume for HALS stood at 580 tons with total sales of Rs 240 mn in Q1FY26.The management maintained the target of 4500 tons and sales of Rs 2.1 bn for HALS in FY26 which will be driven through introduction of more...
Tech Mahindra's Q1 FY26 results demonstrate solid progress in its ongoing turnaround, driven by strong execution, margin improvement, and healthy deal momentum. Revenue increased 0.3%YoY to USD 1,564mn, with EBIT margin expanding for the seventh consecutive quarter to 11.1%. Profit after tax surged 34% YoY, reflecting operational discipline and cost efficiency. The company won USD 809mn in new deals, up 51% YoY, showing strong growth in BFSI, retail, and telecom verticals. Structural changes like centralizing delivery, integrating the SAP platform, and implementing shared services have boosted efficiency, while...
L&T Technology Services (LTTS) delivered a strong performance, supported by 13.6% YoY revenue growth in Q1 FY26 in dollar terms and a balanced business mix, with each of its three main segmentsMobility, Sustainability, and Tech now exceeding +USD400mn in annualized revenue. The high-margin Sustainability segment led the way with 16.4% YoY growth and an impressive 27.4% EBIT margin in Q1. LTTS has consistently secured over +USD 200mn in large deal TCV for three straight quarters, driven by a strong sales structure across seven verticals and a healthy pipeline. Key margin improvement drivers...
HCLTech delivered 3.7% YoY revenue growth despite a seasonal 0.8% sequential dip, driven by strong demand in technology, telecom, retail, and financial services, with solid performance in Europe and the Rest of the World. Operating margins declined to 16.3% due to lower utilization from early hiring, a client bankruptcy, and continued investments in GenAI and go-to-market capabilities. Services grew 4.5% YoY, while software revenue declined 3%YoY. Bookings totaled USD 1.8bn, with two large deals delayed to Q2, supporting confidence in near-term growth. Company deepened its AI-led strategy through partnerships...
Billet-Ex-Raipur: Billet prices remained flat WoW at Rs 36,800/tonne, amid muted demand in finished steel segment. Chinese HRC: Chinese HRC prices increased by 1.1% WoW to Rs 38,714/tonne, driven by speculations over significant property stimulus...
In Q1 FY26, TCS saw a 3.1% year-on-year drop in revenue in constant currency due to delays in discretionary spending caused by global economic and geopolitical issues. Operating margin was 24.5% (up 30bps; impact on utilization partially offset by 3rd party cost and currency). Despite short-term weakness, especially in banking and consumer sectors, TCS signed USD 9.4bn in deals TCV, up 13.2%YoY. Demand was strong in areas like Generative AI, cloud, and platform modernization. While North America and UK banking (Life & Pension) sector showed slight growth, delays in project ramp-ups and longer execution...
During Jun-25, Indian steel prices declined 1.4% MoM to Rs50,700/tonne, while Chinese steel prices fell by 2.2% MoM to $445/tonne. Coking coal prices dropped by 8.1% MoM to $136/tonne, amid subdued global demand. In May-25, Indian steel production rose by 4.7% MoM to 13.5 mn tonnes. Estimated Chinese steel output increased by 0.7% MoM to 87 mn tonnes, while global steel production expanded by 1.5% MoM to 158 mn tonnes. Chinese steel exports increased by 1.1% MoM and 9.9% YoY to 10.6mn tonnes, as Chinese domestic demand continues to struggle. Additionally, the USA announced a 50% tariff on steel,...
