IT major TCS will release its March quarter result today, April 16.
On a consolidated basis, Wipro's net profit declined 5.29% to Rs 2,326.10 crore on 1.55% increase in revenue to Rs 15,711 crore in Q4 March 2020 over Q3 December 2019. The company's IT services segment revenue was at $2,073.70 million in Q4, a decrease of 1% QoQ, the IT major said after market hours on 15 April 2020.
The company estimated that the IT services revenues for Q4 March 2020 were negatively impacted by COVID-19 by approximately $14 -$16 million (0.7%-0.8% of revenues).
Brickwork Ratings India has reaffirmed its ratings of ''BWR A1+'' on Commercial Papers of JSW Energy.
Seshasayee Paper and Boards said that the company had recommenced its operations in its Unit : Erode on April 13, 2020. The company expects the production ramp-up to be slow until May 3, 2020, considering the extension of the ongoing nation-wide lockdown.
Credit Analysis & Research Limited (CARE) has revised the ratings on India Cements' long-term bank facilities and non-convertible debentures as 'CARE A-' from 'CARE A'. The outlook remained 'stable'. On the short-term bank facilities, the revised rating is 'CARE A2+' from 'CARE A1' earlier.
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