Tag: q4result

IT Major Wipro Ltd Friday reported a consolidated net profit of ₹3,087 crores for the quarter ended 31 March 2022, up 4% from ₹2,972 crores a year ago. which was in line with analysts' expectations. The Bengaluru-based company's consolidated revenue from operations rose merely 0.3 percent on quarter to Rs 20,860.7 crore for the reported quarter, up 28.4 percent from Rs 16,245.4 crore in the year-ago quarter. “We have had an outstanding year, finishing with $10.4 billion in revenues, and an industry-leading growth of 27% year on year. This is our sixth straight quarter of strong revenue growth at or over 3%," said Wipro CEO Thierry Delaporte. Wipro said it expects revenue from our IT services business to be in the range of $2,748 million to $2,803 million. This translates to a sequential growth of 1% to 3%. Read more

Shares of Bajaj Auto dipped over 2 percent in early trade on Thursday after the company reported a 2 percent decline in consolidated net profit for the fourth quarter ended March 2022 as sales in both domestic and export markets were hit by weak demand and semiconductor shortage. The two and three-wheeler makers on April 27 declared a 10.3 percent year-on-year increase in standalone profit after tax (PAT) to Rs 1,469 crore as compared to a profit of Rs 1,332 crore reported in the same quarter a year ago. Domestic and international sales of two-wheelers and commercial vehicles crossed the 4.3 million mark and resulted in a turnover of Rs 34,354 crore in FY22. Total revenue from operations declined to ₹ 7,975 crores during the fourth quarter, as compared with ₹ 8,596 crores in the same period of FY21. The full-year profit for the company has improved 10.2 percent to Rs 5,019 crore from Rs 4,555 crore achieved in FY21. Read more

Shares of the Kolkata-based Bandhan Bank hit an over six-month low of Rs 285.90, down 4 percent on the BSE in intra-day trade on Monday after the bank reported a weak set of numbers for the quarter ended March 2021 as provisions rose against an elevated level of bad loans Net profit fell 80% year-on-year to Rs 103 crore in the January - March quarter. Analysts had estimated a net profit of Rs 947 crore. The bank's net interest income (NII), the difference between interest earned and interest expended, grew by 4.6 percent year on year to Rs 1,757 crore. In Q4FY21, the profit after tax (PAT) of the lender fell to Rs 103 crore compared with Rs 517.3 crore in the same period last year. Provisions rose sharply to Rs 1,594 crore, on account of further provisions carried in its micro-finance portfolio, from Rs 827.36 crore a year ago.