TCS Q4FY25 Results: Revenue and Free Cash Flow Saw Double-Digit Growth

On April 11, 2025, the shares of TCS (Tata Consultancy Services) are in focus as it released its financial results for the quarter and year ended March 31, 2025. TCS share price opened at ₹3290.00 and touched the day low of ₹3212.80 at 09:22 AM.

TCS Q4FY25 Earnings Overview

During the quarter ended March 31, 2025, the company recorded a YoY growth of 5.3% in revenue to ₹64,479 crore, which was backed by the business growth in regional markets (22.5%), ERU (4.6%) and BFSI (2.5%). The IT giant posted an operating and net margin of 24.2% and 19%, respectively. The company recorded TCV at $12.2 billion and a Book-to-bill ratio of 1.6x. The company proposed a final dividend of ₹30 per share, which is to be approved at the Annual General Meeting.

TCS FY25 Results Highlights

During the year ended March 31, 2025, the company recorded a YoY growth 6% in revenue to ₹2,55,324 crore. The growth was led by strong double-digit growth in Regional Markets of over 37.2% YoY. The business growth was further aided by Energy, Resources and Utilities (+5.1%), Manufacturing (+2.9%) among Industry Verticals. In addition, the company recorded a free cash flow of ₹46,449 crore.

TCS Business Highlights During the Quarter

  • To strengthen its AI and GenAI offerings for customers in the communication, media, and information services industry, the IT giant TCS entered a strategic partnership with Google Cloud. The said collaboration aims to elevate AI adoption for telecommunication enterprises by combining TCS’ deep domain expertise with Google Cloud’s robust platform.
  • TCS inked an agreement to transform the depository system of Muscat Clearing and Depository (MCD), Oman’s central securities depository. TCS plans to execute TCS BaNCSTM for Market Infrastructure and QuartzTM to future-proof MCD’s operations.

K Krithivasan, Chief Executive Officer and Managing Director, said, “We are pleased to cross the $30 billion in annual revenues and achieve a strong order book for the second consecutive quarter. Our expertise in AI and Digital Innovation, coupled with the unmatched knowledge of customer context and global scale, makes us the pillar of support for our customers in this environment of macroeconomic uncertainty. We remain committed to staying close to our customers and helping them achieve their core priorities.”

Samir Seksaria, Chief Financial Officer, said, “In FY25, our disciplined execution and operational rigor stood out again, as we defended our industry-leading margins while continuing with our investments in talent and capability building. We delivered robust profitability and cash flows this quarter in a very challenging environment without compromising on the right investments in our people, innovation and infrastructure for long-term value creation.”

Also Read: Found an Old TCS Share Certificate? Here’s What to Do Next!

Conclusion

TCS announcement of results marks the opening of financial results for the year ended March 31, 2025 (FY25). TCS posted growth in revenue and cash flow, indicating solid business performance during the period.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Sterlite Technologies Teamed Up with Australia’s Swoop Holdings

On April 9, 2025, Sterlite Technologies (STL) through an exchange filing announced that it has entered a partnership with Swoop Holdings Limited. As per the filing, Sterlite Technologies will improve connectivity for nearly 1,000 homes in Western Australia through high-speed Fibre-to-the-Home (FTTH) technology.  

Scope of Partnership 

As part of this collaboration, STL will provide Swoop Infrastructure with cutting-edge optical networking and connectivity solutions, reinforcing the region’s digital infrastructure. 

This partnership builds upon Swoop’s recent acquisition of conduit and fibre assets in Seacrest Estate, near Geraldton, Western Australia, marking an important step in Swoop’s efforts to expand its fibre broadband network. The project is being led by Anthony Camilleri, Swoop’s Head of Infrastructure, as a key part of the company’s broader Fibre Broadband strategy for both retail and wholesale services. 

STL is renowned for helping network operators deploy and scale fibre networks with high-performance, sustainable optical solutions. These solutions, produced in STL’s “Zero Waste to Landfill” certified facilities, set new standards for durability and environmental responsibility in the industry. 

Solutions for Brownfield Deployments 

Through this collaboration, STL will provide Swoop with reliable Layer-1 optical solutions designed specifically for brownfield deployments, including: 

  • OptoHaul – A flexible, single-fibre Plug & Play solution suitable for underground, aerial, or direct-buried installations. 
  • Micro Cables – Slim, high-density fibre cables engineered for underground air-blown installation in microducts, ideal for last-mile FTTH and access networks, with options for termite-resistant jackets and enhanced tensile strength. 
  • Optical Closures – Compact, pre-configured closures (MAX and MicrOTP) that simplify installation and minimize space requirements. 
  • Optical Termination – Rack-mounted splicing and patching shelves (nPTD) with pre-installed splitters and a pivoting tray for easier installation at Point-of-Presence (PoP) sites. 

Conclusion 

Through this partnership, STL is playing a crucial role in enhancing the broadband infrastructure of Western Australia. By providing advanced optical networking solutions tailored to Swoop’s needs, STL is helping to ensure a high-performance and sustainable fibre network expansion. 

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Ather Energy Cuts IPO Size and Valuation Amid Investor Caution: Reports

Ather Energy, the electric two-wheeler maker, is once again revising its Initial Public Offering (IPO) expectations. As per news article of CNBC –TV18, the company is now targeting a post-money valuation of approximately ₹12,800 crore. This marks a decrease from its earlier valuation goal of ₹14,000 crore.

As a result of the lowered valuation, Ather’s IPO size is also expected to be scaled back. The company is now aiming for an IPO worth between ₹2,900 crore and ₹3,200 crore ($350 million to $375 million), compared to the previous target range of ₹3,500 crore to ₹3,700 crore ($400 million).

Why Aether IPO Lowering Size?

The decision to downsize the IPO is largely driven by the current market conditions, which have been unpredictable, and a general sense of muted investor sentiment, according to sources familiar with the matter.

The revised IPO will consist of a combination of a fresh issue of shares and an offer-for-sale (OFS) component. In the offer-for-sale portion, promoters and select early investors are expected to dilute a part of their holdings. However, Hero MotoCorp, which holds a substantial 37% stake in Ather Energy, is not expected to sell any shares during the IPO.

This adjustment to Ather’s valuation marks the second time the company has lowered its IPO target. Initially, Ather had aimed for a valuation between ₹17,000 crore and ₹20,000 crore.

Ather Energy had secured regulatory approval to go public in December of the previous year and had planned to launch its IPO at the beginning of 2025. However, due to delays, the issue was postponed to early April, and sources now suggest that the public offering could face yet another delay, possibly by a month.

Despite the changes and delays, Ather Energy has no plans to withdraw its IPO, as per news reports.

Also Read: Ather Energy IPO: A Comparison with Ola Electric, Hero, TVS, and Bajaj Auto

Conclusion

Ather Energy’s IPO journey has faced several revisions, with the latest adjustment reflecting the challenges posed by an uncertain market. Nonetheless, the company remains committed to going public and has indicated that it is determined to follow through with its IPO plans despite these setbacks.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gold and Silver Prices Trade Higher: Check Rates in Your City on April 09, 2025

Gold and silver prices witnessed growth in both the global and domestic markets on April 07, 2025. In the international market, spot gold prices have increased by 1.76%, reaching $3,033.06 as of 12:05 PM. In the domestic market, gold prices have surged by nearly ₹1,490. Turning to silver prices, there was a growth of 0.92% to ₹90,020 in the domestic market.

In Mumbai, 24-carat gold is priced at ₹8,908 per gram, while 22-carat gold now costs ₹8,166 per gram. In Delhi, the price of 22-carat gold is currently ₹81,437 per 10 grams, while 24-carat gold is trading at ₹88,840 per 10 grams.

Gold Prices Across Major Indian Cities on April 09, 2025

Here is a detailed breakdown of gold prices as of April 09, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 89,250 81,813
Bangalore 89,060 81,638
Kolkata 88,870 81,464

Silver Prices Across Major Indian Cities

City Silver Rate in ₹/KG 
Mumbai 90,010
Delhi 89,850
Kolkata 89,890
Chennai 90,270

Conclusion

Both gold and silver prices have shown growth, reflecting an upward trend in both domestic and international markets on April 09, 2025. With gold rising by nearly ₹1400 in the domestic market and silver witnessing a ~₹1,000 increase per kilogram.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gensol Share Price Locked in 5% Lower Circuit: Dropped 88% From its June 2024 High

On April 9, 2025, Gensol Engineering Shares have locked in 5% lower circuit at 140.20. This follows a previous 5% lower circuit on Monday, April 8, 2025. As a result of this fall, Gensol Engineering shares has now lost 88% of its value from its peak of ₹1,147, which occurred in June of last year.

ICRA and CARE Downgraded Credit Ratings

The company’s shares have been on a downward trajectory since reaching their all-time high, especially after rating agencies ICRA and CARE downgraded its credit ratings. In the 29 trading sessions since February 21, Gensol Engineering’s shares have only risen twice: once with a 5% upper circuit on March 19 and again with a 3% increase on April 3.

Gensol Engineering Shares Under ESM Stage 1

This decline has led to the stock being placed under the Enhanced Surveillance Measures (ESM Stage 1) framework by the exchanges.

Under Stage 1 of the ESM framework, the stock is subject to a trade-for-trade mechanism with a 5% price band, and a 100% margin is required starting from T+2 day. If the stock is already within a 2% price band, it will remain within that range.

Previously, ICRA claimed that certain documents provided by the company regarding its debt servicing history “appeared to be falsified,” raising concerns about its liquidity and governance practices. CARE Ratings also downgraded the company due to delayed debt servicing.

Management Rejected the Claims

In response to these concerns, Chairman and Managing Director Anmol Singh Jaggi denied any wrongdoing in an interview with CNBC-TV18. He asserted that there was “zero wrongdoing” and announced the formation of an independent committee to investigate the allegations.

Despite assuring the promoters that they would increase their stake in the company, they were forced to reduce their holdings in the open market.

Last month, Gensol Engineering approved the allotment of 4,43,934 equity shares following the conversion of warrants issued on a preferential basis to the promoter category.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Smartphone Export Crossed ₹2 Lakh Crore in FY25: Backed by PLI Scheme

On Tuesday, April 8, 2025, the Union Minister for Electronics and IT, Ashwini Vaishnaw, announced that India’s smartphone exports hit a significant milestone in the financial year 2024–25 (FY25), topping ₹2 lakh crore for the first time in history.

Union Minister Hailed This Achievement

In a post on X, the minister hailed this achievement as another record under the government’s Production-Linked Incentive (PLI) scheme.

According to Vaishnaw, smartphone exports grew by 54% compared to the previous financial year, driven by the continued integration of global value chains (GVCs) with India’s expanding electronics manufacturing sector.

“The surge in exports is creating vast employment opportunities, with Indian MSMEs joining the global supply network and the local electronics manufacturing ecosystem growing rapidly,” the minister added.

PLI Scheme Supported Smartphone Exports

Earlier data from the industry revealed that smartphone exports from India had already crossed ₹1.75 lakh crore by the first 11 months (April to February) of FY25, surpassing the previous year’s total before the fiscal year ended.

This remarkable growth is largely attributed to the PLI scheme, which has not only boosted exports but also significantly reduced smartphone imports. Today, 99% of the smartphones used in India are produced domestically.

Outlook for Smartphone Exports

The India Cellular and Electronics Association (ICEA) had projected smartphone exports to reach $20 billion (around ₹1.68 lakh crore) in FY25, but actual figures exceeded expectations by a substantial margin.

Apple emerged as the largest contributor to this export surge, with its iPhone supply chain accounting for nearly 70% of total smartphone exports. Foxconn’s facility in Tamil Nadu alone contributed about 50% of all shipments, seeing a 40% year-on-year growth.

Tata Electronics also played a crucial role in India’s iPhone production, contributing through its Wistron facility in Karnataka and holding a 60% stake in Pegatron’s Tamil Nadu operations. These efforts have positioned Tata as a key player in Apple’s India-based manufacturing strategy.

Reports also suggest that Apple is considering increasing its iPhone exports from India to the United States as a temporary strategy to circumvent high tariffs on Chinese goods and manage rising import costs.

Conclusion

India’s smartphone export success in FY25 highlights the significant progress the country has made in becoming a global manufacturing hub, driven by initiatives like the PLI scheme.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI Slashed Repo Rate by 25 Basis Points: Changed Policy Stance to Accommodative

The Reserve Bank of India (RBI) wrapped up its first Monetary Policy Meeting (MPC) for the Fiscal Year 2025-2026, which took place from April 7 to April 9, 2025. The April RBI policy meeting takes place against the backdrop of escalating global trade tensions, fueled by tariff increases in the US, which have raised concerns about a potential global recession.

RBI Cut Repo Rate by 25 Basis Points

During the meeting, the RBI decided to reduce the benchmark repo rate by 25 basis points, marking the second consecutive rate cut. This follows the first interest rate cut in five years in February 2025. The new repo rate now stands at 6%, down from the previous 6.25%.

The decision was made unanimously by the RBI’s Monetary Policy Committee (MPC), which also decided to reduce the Standard Deposit Facility (SDF) rate and the Marginal Standing Facility (MSF) rate by 25 basis points, in line with the repo rate adjustment. In addition, the central bank shifted its policy stance from “neutral” to “accommodative,” a move also unanimously approved by the MPC.

RBI on Inflation and GDP Growth

The RBI revised its inflation and growth projections for FY26. The Consumer Price Index (CPI) inflation forecast was lowered to 4% from the earlier projection of 4.2%. The quarterly estimates for CPI inflation are as follows:

  • Q1FY26: Reduced to 3.6% from 4.5%
  • Q2FY26: Reduced to 3.9% from 4.0%
  • Q3FY26: Maintained at 3.8%
  • Q4FY26: Raised to 4.4% from 4.2%

In terms of GDP growth, the RBI has lowered its forecast for FY26 to 6.5% from 6.7%. The revised quarterly projections for GDP growth are:

  • Q1FY26: Cut to 6.5% from 6.7%
  • Q2FY26: Cut to 6.7% from 7.0%
  • Q3FY26: Cut to 6.6% from 6.5%
  • Q4FY26: Cut to 6.3% from 6.5%

Conclusion

The RBI’s decisions reflect a more cautious outlook on the economy, with rate cuts aimed at stimulating growth while adjusting inflation and GDP growth projections in response to evolving economic conditions. This accommodative stance is likely to support economic recovery in the short term, with the central bank closely monitoring inflationary pressures and growth trends moving forward.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Pharma Stocks Saw Big Blow Amid Tariff Warning by Donald Trump

On April 9, 2025, the pharma stocks are under scanner on D-Street with Nifty Pharma index dropping ~2% to 20,063.40 at 09:45 AM. The top losers of Nifty Pharma Index were Biocon, Laurus Labs, Gland Pharma, Ipca Labs, Lupin with a fall of 3.57%, 3.18%, 2.94%, 2.91% and 2.62%, respectively.

Gland Pharma share price experienced the sharpest fall, crashing 6% to a low of Rs 1,340.15 on the BSE, followed by Aurobindo Pharmaceuticals and Dr Reddy’s Laboratories, which fell 5% and 4.2% respectively.

Why are Pharma Stocks Falling?

During his speech at the Republican NRCC event, Trump announced that significant tariffs on pharmaceuticals would soon be implemented.

“Tariffs on pharmaceuticals will be introduced because we don’t produce our own drugs; they are made in other countries. The same product in the U.S. can sometimes cost up to ten times more. We’re going to impose tariffs on pharma in such a way that companies will rush to the U.S. The advantage we have is our massive market. Very soon, we will announce major tariffs on pharma, and once these companies hear that, they’ll leave China and other countries, as most of their products are sold here. They’ll be setting up their plants here,” Trump said.

Also Read: Nifty Pharma Index Fell 7% Straight in a Single Day

Conclusion

The sharp fall in pharma shares on April 9, 2025, appears to be linked to the announcement by US President Donald Trump regarding the imminent imposition of significant tariffs on pharmaceutical imports.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Signature Global Shares in Focus: Achieved Highest Ever Pre-Sales of ₹102.9 Bn in FY25

On April 9, 2025, Signature Global shares are in focus as the company has released has business update for the quarter ended March 31, 2025. The company recorded its highest-ever annual pre-sales of ₹102.9 billion in FY25, indicating a robust YoY growth of 42% YoY, and topping its pre-sales guidance.

In addition, Signature Global achieved record annual collections of ₹43.8 billion, marking a 41% YoY increase. The growth in annual collection by fueled by strong customer confidence, timely execution, and successful new launches in Gurugram and adjoining markets.

Growth Drivers During FY25

The outstanding performance was driven by the launch of five new projects, including Daxin Vistas, a mid-income housing project in Sohna; Titanium SPR and Twin Tower DXP, premium group housing projects in Gurugram; and City of Colors, a plotted development project strategically located on NH-48 in key micro-markets. These projects have a combined gross development value (GDV) of approximately ₹138.1 billion. Additionally, the company’s average sales realization increased to ₹12,457 per sq. ft. in FY25, up from ₹11,762 in FY24.

Reduction in Net Debt

Signature Global successfully decreased its net debt to ₹8.8 billion by the end of FY25, down from ₹11.6 billion in FY24. The reduction in net debt was despite substantial investments in land acquisitions—amounting to 47.71 acres. This achievement highlights the company’s disciplined capital management and robust operating cash flows. In Q4 FY25, Signature Global achieved pre-sales of ₹16.2 billion and collections of ₹11.7 billion, further strengthening its growth momentum and the growing demand for its premium and mid-income housing offerings.

Management Take on Business Update

Commenting on the company’s performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole- Time Director, said “We are proud to conclude FY25 from a position of strength, having achieved our highest-ever pre-sales and collections—surpassing the guidance we set for ourselves. This achievement is not just a milestone, but a testament to the deep trust placed in us by our homebuyers, channel partners, and stakeholders. Our ability to anticipate market trends, launch timely projects in high-potential micro-markets, and consistently deliver value across the premium and mid-income segments has been central to this growth. As India’s real estate sector continues to gain momentum and contribute to the nation’s development, we remain grounded in our purpose—to create quality homes, foster sustainable communities, and build for the future with integrity and responsibility.”

Also Read: Sobha Recorded a Sales Vallue of ₹62.77 Billion in FY25

Conclusion

Signature Global’s strategic investments, disciplined capital management, and strong operational performance have positioned the company for continued growth and success. The reduction in net debt, along with robust pre-sales and collections, underscores its ability to navigate market challenges effectively.

 

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Upcoming IPO: SEBI Allowed BlueStone and GK Energy to Float IPO

India is poised to see a boom in initial public offerings (IPOs) compared to 2024. As per market reports, the total equity fundraising via IPOs in India could surpass $23 billion in 2025, compared to $19.6 billion in 2024. Recently, the capital market regulator, the Securities and Exchange Board of India (SEBI), approved Bluestone Jewellery and Lifestyle and GK Energy to float their initial public offerings (IPOs).

BlueStone Jewellery and Lifestyle IPO Details

BlueStone Jewellery and Lifestyle Limited, based in Bengaluru, is a provider of contemporary lifestyle jewelry crafted from diamonds, gold, platinum, and other studded materials under the brand name BlueStone. The upcoming IPO of Bluestone is a combination of a fresh issue of shares up to ₹1,000 crore and an offer for sale of up to 2,39,86,883 equity shares from selling shareholders. The company filed its IPO application with SEBI on December 11, 2024.

Axis Capital Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited are managing the book for this IPO, with KFin Technologies Limited acting as the registrar.

GK Energy IPO Details

GK Energy Limited, which specializes in the engineering, procurement, and commissioning (EPC) of solar-powered agricultural water pump systems through direct-to-beneficiary sales and other channels, has also received final approval from SEBI to raise funds through an IPO. The GK Energy IPO includes a fresh issue of shares up to ₹500 crore and an offer for sale of 84,00,000 equity shares from selling shareholders. The offer also includes reservations for eligible employees. The company submitted its IPO application to SEBI on December 13, 2024.

IIFL Capital Services Limited and HDFC Bank Limited are the book-running lead managers for this IPO, with Link Intime India Private Limited serving as the registrar.

Also Read: Pace Digitek Files Draft Papers for ₹900 Crore IPO with SEBI

Conclusion

The IPO market in India may witness a staggering growth in 2025, and the recent approval by the market regulator SEBI for BlueStone Jewellery and GK Energy IPO aid the growth of the primary market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.