Company beats estimates with healthy net profit and revenue growth; digital revenues continue to grow much ahead company average growth rate
For the fourth quarter ended March 31, 2018, the company's net profit rose 40% to Rs 3.5 billion as compared to the same quarter last fiscal.
Revenue from operations or turnover was, however, lower at Rs 24 billion when compared with Rs 25.9 billion in the year-ago period
At Rs 320.75 bn, TCS revenue rose 8% in annual terms and 3.8% in sequential terms; this is our highest incremental dollar growth in our history, says CEO & MD
Gross bad loans as a percentage of total loans stood at 1.17% at end-March, compared with 1.16% in the previous quarter and 0.93% a year earlier.
Infosys projected the revenue growth to be in the range of 6-8 per cent in constant currency terms
Results included a $137 million charge related to the new US tax code
Improving rural sentiment augurs well for growth and asset quality
Jet Airways has been struggling with weak demand from the Persian Gulf for a few quarters, though the management indicated that might change soon
During the period under review, its total expenses also rose to Rs 58.44 bn from Rs 49.37 bn
Reports EPS of Rs 1.81 for the third quarter as compared to Rs 1.05 per share in the year-ago period
Positively, many companies also said that GST-related issues are now receding
Bank hopes to unlock substantial portion of its NPAs in Q1 of FY19, eyes profit in Q3 of next fiscal
Firm to double alumina refinery capacity in Odisha to three million tonnes at a cost Rs 40-50 bn
The company, which follows July-June financial year, had posted a net profit of Rs 547.5 million in the corresponding period of the previous financial year
Total income during the quarter under review stood at Rs 15.70 billion
CIL said, revenue for the quarter is not comparable with the year-ago period on account of GST implementation from July 1, 2017
Company beats revenue estimates at Rs 330.9 bn, up 14.4% y-o-y
The city-based company had registered net profits at Rs 35.34 crore during corresponding quarter of previous year
Total revenue for the company fell 34% to Rs 22.03 bn