Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the fourth quarter ended March 31, 2021
Revenue rises 2.9%, board recommends of 175% final dividend or Rs 17.5 per share
Den Networks on Friday reported 50.56 per cent rise in consolidated net profit at Rs 33.89 crore for the fourth quarter ended March 31, 2021.
For the year, Mindtree delivered revenues of $1,076.5 million and margin expansion of 680 bps, while increasing their order book by 12.3 per cent
Q4 earnings: Despite a moderated YoY growth in loan book, HDFC Bank continues to outperform industry, resulting in market share gain
IT services performance, which is tracked by the street widely, reported revenue of Rs 16,334 crore, growing 3.9 per cent sequentially
Q4 IT services revenue was $2.15 bn, a rise of 3.9% sequentially
Ahead of the results, the shares of the firm ended 2.95 per cent higher at Rs 431 on the BSE.
Demand remained strong in East, North, and Central India, while the West showed signs of revival
Recovery in the African and Latin American markets should help exporters post better growth than the domestic market
On the profitability front, the brokerage pegs operating profit growth at 15 per cent YoY with 12 per cent YoY for private and 19 per cent for PSBs
Exports jumped 126 per cent year-on-year in March to 1.29 MT, compared with a monthly average of 0.65-0.75 MT in recent times
IT firm reports total contract value for FY21 of $14.1 billion, an all-time high
The company board also recommended a final dividend of Rs 15 per share for FY21
Wipro shares, so far for the year, have risen 8.5 per cent as against a gain of 3.7 per cent in the NSE Nifty index during the same duration
Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus
Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday
'We are making good progress in gaining share in the growth and transformation opportunity,' says CEO Rajesh Gopinathan
The company also announced a final dividend of Rs 15 per equity share of Re 1 face value
TCS Q4 Preview: Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter