Mid-sized IT services firm Mphasis has reported a 2.9% dip in net profit at Rs 393.22 crore as against Rs 405.31 crore in the year ago quarter. On a sequential basis, profit increased by 5.2% from Rs 373.6 crore in the previous quarter ending December 2023.Revenue from operations during the quarter declined 1.5% to Rs 3,412 crore as compared to Rs 3,361 crore in the year ago quarter. Sequentially, the revenues fell 2.2% from Rs 3,337.9 crore in December quarter.For the full year ended March...
Pune-based global IT services provider Birlasoft Ltd on Monday reported a 60.7% year-on-year jump in net profit at ₹180 crore for the fourth quarter that ended March 31, 2024.In the corresponding quarter, Birlasoft posted a net profit of ₹112 crore, the company said in a regulatory filing. The company's revenue from operations increased 11.1% to ₹1,362.5 crore against ₹1,226.3 crore in the corresponding period of the preceding fiscal.At the operating level, EBITDA jumped 32.7% to ₹221.5 crore...
Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue...
Adani Wilmar posted its financial results for the quarter ended on March 31, 2023 on Wednesday. The Adani Group company reported a 67 per cent year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period. Adani Wilmar is a joint venture company between Adani Enterprises and Wilmar International. In the same quarter, revenue from operations experienced a 5 per cent year-on-year decline, amounting to ₹13,238 crore. This...
Axis Bank has reported a net profit of Rs 7,130 crore for fiscal fourth
EBITDA for the quarter is expected to increase by 8% year-on-year, driven by strong performance across all verticals. However, this growth may be partially offset by weakness in the Oil-to-Chemicals (O2C) segment, with an anticipated 8% year-on-year decline in EBITDA due to challenges in refining and petrochemicals.RIL's oil-to-chemicals business expected to have a robust quarter.Anticipated $1/bbl QoQ improvement in GRMs.Reliance Jio forecasted to see a 2% rise in EBITDA QoQ.Retail EBITDA...
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