Better margin, credit growth drive earnings
Guidance fails to meet even the lower guidance of industry growth estimate
Shares of the company tank 18% on lower guidance of 6-10% for FY14
Analysts predict that the IT company will set a revenue growth target of as much as 12% for the fiscal year that started this month
Company's consolidated revenues were down by 3% Rs 390 cr from Rs 392 cr in same quarter last year
The PSU firm posts net profit of Rs 6,485 cr in FY13, compared with Rs 7,040 cr in the year before
Turnover rose to Rs 14,316 cr; company declares an interim dividend to the tune of Rs 823 cr
The company sold 10,588 units in the same month of 2012
Net income in the quarter was $98 million, compared with a year-earlier loss of $125 million