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Shares of Infosys were down 6 per cent at Rs 1,320 on the BSE in intra-day trade on Thursday on account of profit booking in the counter following the company s March quarter numbers. The IT bellwether on Wednesday posted a 17.47 per cent year-on-year (YoY) growth in net profit at Rs 5,076 crore for the March quarter of the financial year 2020-21 (Q4FY21) as against Rs 4,321 crore posted in the same period last fiscal. Sequentially, however, the figure dipped by 2.32 per cent from Rs 5,197 crore posted in the December quarter of FY21. The company’s revenue during the March 2021 quarter (Q4FY21) grew by 2 per cent on a quarter-on-quarter (QoQ) basis in constant currency (CC) terms, lower than analysts estimates, due to offshoring which resulted in a fall in the counter. ....
Credit: Wipro HDFC Bank It plans to raise up to ₹50,000 crore over the next 12 months by way of Tier-II capital bonds, long-term bonds and perpetual debt instruments. Credit: BCCL Oil companies Indian oil companies will be in focus after strong data from China, rising tensions in the Middle East sent crude oil prices upwards by 4.5 percent. Credit: Unsplash Tata Motors Credit: BCCL Dr. Reddy s Laboratories It will distribute 250 million doses of the Sputnik V vaccine and is in talks with the Indian government on pricing. Credit: Dr-Reddys Aditya Birla Capital Its board has approved Aditya Birla Sun Life AMC’s initial public offer (IPO), through which over 3.8 crore shares will be made available for subscription. ....
Infosys Loses Over 3% Post Q4 Numbers Infosys, the country s second largest software services company, on Wednesday reported an annual increase of 17 per cent in net profit at Rs 5,076 crore on the back of large contract wins Updated: April 15, 2021 10:31 am IST At 10:15 am, the shares of Infosys were trading lower by 3.1 per cent on the BSE Infosys shares are trading lower by over 3 per cent in a weak market a day after announcing its Q4 numbers. The country s second largest software services company, on Wednesday, reported an annual increase of 17 per cent in net profit at Rs 5,076 crore on the back of large contract wins as the COVID-19 pandemic drove digitisation efforts in multiple sectors. At 10:15 am, the shares of Infosys were trading at Rs 1,353.25, lower by Rs 43.90 or 3.1 per cent, on the BSE. ....
ET Stocks NEWS Powered by Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premium SECTIONS Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premiumBy Share Synopsis Infosys reported a 2.8 per cent quarter-on-quarter growth in consolidated revenues for the quarter to Rs. 26,311 crore, which was slightly lower than analysts’ estimate of Rs. 26,701.8 crore. Infosys Q4 Results: PAT misses estimates; firm approves Rs 9,200 cr share buyback plan and dividend of Rs 15 Related NSE Explore Now MUMBAI: Information technology giant Infosys today reported a 2.6 per cent on quarter fall in its consolidated net profit to Rs 5,078 crore for the quarter ended March, which was lower than analysts’ estimate of Rs 5,170.2 crore. ....