IndusInd Bank falls by 1.6%
IndusInd Bank Q4 profit jumps 25%
IndusInd Bank matched street expectations on Thursday with the fourth quarter (January-March) net profit rising 25 percent year-on-year to Rs 495.3 crore. Asset quality of the bank improved too, during the quarter.
IndusInd Bank matched street expectations on Thursday with the fourth quarter (January-March) net profit rising 25 percent year-on-year to Rs 495.3 crore. Asset quality of the bank improved too, during the quarter.
TCS FALLS BY 2.2%
TCS Q4 revenue seen flat at $3.94bn.Forecast the firm’s dollar revenue to grow 0.2 percent to USD 3940 million versus USD 3931 million in the previous quarter, while rupee revenue is seen declining 0.1 percent, from Rs 24,501 crore to Rs 24,456 crore. Operating profit (earnings before interest and taxes) is seen falling 1.2 percent to Rs 6,540 crore while net profit may fall 0.6 percent to Rs 5,410 crore. The fall in profit may result in TCS’s EBIT margin come from 27.04 percent to 26.74 percent.
MINDTREE FALLS BY 3.4%
Mindtree Q4 profit falls 8.4% to Rs 129 cr, $ revenue flat Mindtree's fourth quarter consolidated net profit declined 8.4 percent sequentially to Rs 129 crore that fell short of expectations on Thursday, impacted by forex loss. Profit was expected at Rs 134 crore for the quarter. Mindtree missed on operational front as operating profit dropped 5.3 percent to Rs 179 crore and margin declined 120 basis points to 19.5 percent in the quarter gone by. Those were expected at Rs 181.5 crore and 19.8 percent, respectively.
UPCOMING RESULTS ARE
UPCOMING RESULTS ARE
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