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CMC: 'Extraordinary' impact!

Mar 14, 2006

TCS' subsidiary, CMC had recently announced results for the third quarter ended December 2005. For 3QFY06, the company reported a disappointing performance in the topline, due to subdued performances of its key business segments. However, margins remained flat during the quarter. This quarter, as was the case in the previous quarter as well, substantially higher other income resulted in net profit growing at a strong pace. However, this time again, the rise in other income was due to an extraord

CMC: Globally inclined!

Oct 19, 2004

CMC had recently announced its results for the quarter and half year ending September 2004. For 2QFY05, while the company reported a YoY dip in the topline, profits grew strongly on the back of improvement in operating margins. Profit growth could have been stronger but for a substantial drop in other income.

CMC: Steep valuations

Feb 19, 2003

For CMC, the December quarter was a healthy one. The company, which is now part of the Tata group, has been able to post a 21% growth in its revenues YoY during the quarter. However, the highlight of the performance was a steep improvement in operating margins as the company reigned in its expenses tightly. Consequently, it’s net profits jumped by 45% during the same period.

HCL Infosys: Falling realisations

Sep 3, 2002

HCL Infosystems has closed fiscal 02 with a 9% growth in revenues. However, the company’s net profits have declined by a steep 21% for the second consecutive year. The drop in bottomline is due to a sharp decline in operating margins. The fall in operating margins began in FY99 and has continued since. However, the fall in FY02 was the steepest as margins fell from 7.7% in FY01 to 4.7% in FY02.

Tata Infotech: Good plans but…

Aug 9, 2002

Tata Infotech is one of the very few technology companies that totally missed out on the IT services boom. Over the past four years (FY98-FY02) the company has a clocked a topline growth of 11%, much lower than the figure for the IT industry in India, which is about 55%. What is more disappointing is the fact that company’s profitability has steadily eroded during the period, declining at a CAGR of 24%.

GTL: Other income takes toll

Jul 29, 2002

GTL Limited (erstwhile Global Tele Systems) has posted a 5% sequential decline in revenues for 1QFY03. The drop in net profits is significantly higher at 32%. However, this is due to a steep decline in other income and a tax reversal that inflated profits for 4QFY02.

Tata Infotech: Slips into red

Jul 29, 2002

Tata Infotech has posted a loss of Rs 11 m for 1QFY03. This is due a steep fall in revenues during the quarter. On a sequential (QoQ) basis the company’s revenues have declined by 16%.

CMC: Bad 4QFY02

Jun 12, 2002

CMC that had managed to post growth in topline and bottomline (on a YoY basis) for the first 3 quarters of FY02 has posted a decline in net profits and revenues during 4QFY02. This is probably due to the weak business environment the technology sector has been facing.

HCL Info: Hit hard

Oct 19, 2001

HCL Infosystems has posted a 19% dip in topline and a 35% drop, YoY, in bottomline for 1QFY02. The drop in topline could be due to fierce competition in the PC industry. As MNC brands like Compaq and Dell are available at competitive rates, the Indian players like HCL Infosystems are finding the going increasingly tough. In fact, Dell has also introduced its famous direct ordering feature in India. Using this perspective clients can search for information and order for PCs with configuration of

CMC: A good sell

Oct 8, 2001

The government has finally done it! Done something concrete about divestment. But on the flip side GOI has been prompt to sell a technology company at a time when the technology sector has almost become a taboo with the investment community.

HCL Infosys : Steady performance

Aug 21, 2001

HCL Infosystems has posted at topline growth of 3% for FY01. The net profits for the year declined by 20% compared to FY00. This was due to a 45% drop in other income and extra ordinary losses of Rs 106 m. The operating margins too have declined by 40 basis points.

PC Industry: Strong growth

Aug 10, 2001

According to the figures released by MAIT (), the PC industry for FY01 showed a growth of 34% in volume terms and 26% growth in value terms. This is due to the fact that average realisation per PC came down by 5.7%. However, the trend was slightly different for the Notebook market. While the volumes grew by 26% revenues grew by 36% on the back of a significant 20% jump in realisations.

Tata Infotech: Routine performance

Jul 24, 2001

Tata Infotech has posted a routine performance for 1QFY02. The company's topline has dropped by 5% (QoQ). The fall in net profits is a significant 57%. However, on a YoY basis the company has shown a growth of 21% in topline. In 1QFY01 Tata Infotech had made operating losses against which, it has posted a profit of Rs 54 m in 1QFY02.

Tata Infotech: Cutting costs

Jun 6, 2001

Tata Infotech Ltd. has posted a significant growth of 117.5% in net profits for FY01. The company was able to show the strong growth in net profits due to improvement in operating margins. The company improved its operating margins by 230 basis points. The company managed this feat by reducing its staff cost that fell to 20% of revenues in FY01 compared to 25% in FY00.

CMC: Slow and steady

May 3, 2001

CMC has recored a 17% growth in topline for FY01. While the growth in the topline has not be so signficant the net profit has jumped by an impressive 92%. The company has managed to improve its operating margins by 200 basis points for FY01. This is mainly due to the staff costs of the company coming down from 23% of revenues in FY00 to 18% in FY01.

HCL Info: 3QFY01 net up by 12.1%YoY

Apr 18, 2001

HCL Infosystems Ltd has posted a net profit of Rs 182 m for the 3QFY01 as compared to Rs 162 m in the corresponding in FY00. Total Income for the 3QFY01 is Rs 3,387 m.

PC: Price Vs Differentiation

Mar 14, 2001

The hardware sector, which is dominated by the unorganized sector, has little space left for the branded players. The unorganized sector presently has a 59% market share. The remaining 41% is shared between the MNC (24%) and the Indian brands (17%). Due to lower prices the unorganized sector has managed to dominate. The unorganized sector consists mostly of very small outfits, which assemble readily available parts. They manage to buy the components at lower prices (possibly without paying taxes

HCL Infosystems: Repositioning

Feb 10, 2001

Being a pioneer no longer suffices. HCL Infosystems (HCL) one is one such example. The company promoted by the Shiv Nadar group was one of the pioneers in the branded Personal Computers (PC) market in India. Even then its revenues stagnated for a continuous 3 years (1995-1997). But that was 1997. Cut to 2001 and HCL Infosystems finds place in the prestigious NSE Fifty Index. How did this happen? Let’s take a look.

Tata Infotech: Cutting costs

Jan 27, 2001

Tata Infotech has recorded a 0.1% growth in revenues and 28.9 % rise in net profits on a QoQ basis. On a YoY basis the rise in revenues was 14% and the jump in net profits was a significant 348%.

HCL Infosystems: Consolidating on software

Jan 18, 2001

HCL Infosystems has seen a drop in its topline by 3% but its operating margins have improved compared to 1QFY01. The improvement in operating margins could be attributed to the increased proportion of software business. The contribution of services to the topline is 27%. The contribution of software services to revenues is 41% more compared to the contributions in the same quarter last year. The percentage of consolidated services revenue to total revenue during the first half is 23%.


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