Between Quarters: The Funnycontrol earnings special

Representational image. (Photo: Yiorgos Ntrahas via Unsplash)

It’s that time of the year as the monsoon recedes and so do any hopes of increment. But this earnings seasons promises to be special with IT major TCS reporting earnings a little above expectations, revenue a little below expectations but dashing all employee expectations with its return-to-office-for-five-day mandate. It would be interesting to track the future movements of the stock based on anonymous comments by employees on the company’s Glassdoor page. The most concerned about the eventless results were business news anchors who had to manufacture superlatives where non existed so that the advertising minutes for the show could be sold.

IT in general is the perennial Sharma ji ka beta of the investing community with investors continuing to expect the sky high growth and valuations of the post dotcom days. The pre dotcom bust valuations would be funnier than this column so I will avoid giving attention to my competition.

TCS is also going for buyback of its shares. Should the subdued sentiment in IT hiring suddenly change, it might start buying back ex employees as well.

Meanwhile gaming giant Delta corp. announced results that were flat on both the topline and bottom line. Though given the current fracas over gaming regulations and GST, the stock will be happy it is not flatlining. Perhaps, Delta corp. should have been a little more focussed on the games being played behind the regulatory scenes than on its casino tables. Because in India, the (democratically elected) house always wins.

Sula Vineyards, or as most Indians know it “Only wine I can afford to buy and know how to pronounce” reported robust 11 per cent growth during the September quarter.  The company which controls over 50 per cent share in the domestic wine market, said its focus on premiumisation has paid off with its elite and premium wines clocking over 18 per cent growth this quarter. Indians continue to upgrade their lifestyle when it comes to wines while whining about 1.8 per cent increment to their domestic help.

We tried to get more information from our correspondents but they were already between quarters. On a personal note, I was once slated to perform a standup comedy act at the Sula fest which was mercifully cancelled when it was decided clubbing it with the wine tasting tour was not such a good idea. With such thoughtful people at the helm, one can safely presume the stock should keep doing well. For regulatory purposes I wish to clarify the above was a joke on how the stock may do well. I do not have any holdings of the stock but I cannot say the same for its products. Hic!

Oyo is set to report its maiden profit with a PAT of 16 crore. This bought loud cheers of “OYO” from long suffering investors. Given Oyo’s unique presence in the Indian dating segment, a good technical chart would be to co-relate the stock price of Oyo with that of Tinder and Bumble. If you are excited by the prospect of spending your weekend designing this chart, then you are probably not Oyo’s target segment anyways.

That’s it me from the first edition of “Between Quarters”. Remember to like, share and comment so that I can also improve my earnings for this quarter.