Corporate News
Hindustan Unilever Reports Lower Sales, Records Marginal Growth in PAT at Rs 2,519 Crore
During this quarter, HUL's other income rose to Rs 285 crore from Rs 228 crore, and other operating revenue stood at Rs 260 crore compared to Rs 242 crore.
Byju's-Owned Aakash Records 82% Profit Surge, Surpasses Rs 1,400 Crore Revenue in FY22
This positive momentum marks a substantial improvement for the company, which reported a profit of Rs 43.6 crore in the previous fiscal year, as per Entrackr's report.
Rapido Reports Rs 675 Crore in Losses for FY23 Despite Tripled Revenue
According to reports from Entrackr, incentives and charges paid to riders constituted 44 percent of the total expenditure, amounting to Rs 517 crore in FY23, a significant rise from Rs 214 crore in FY22.
Wipro ADR Surges 17% Following Strong Quarterly Results
Despite a marginal 1.4% quarter-on-quarter (QoQ) decrease, Wipro reported gross revenue of Rs 222.1 billion. The IT services segment revenue stood at $2,656.1 million, reflecting a 2.1% QoQ decline. Non-GAAP constant currency IT services segment revenue experienced a 1.7% QoQ decrease.
Wipro's Net Profit Slides 11.7% to Rs 2,694 Crore in December Quarter
Specifically, the IT Services segment revenue for Wipro dropped by 4.5% year-over-year, totaling Rs 22,150.8 crore in the reported quarter, down from Rs 23,196 crore in the same period of 2022.
Q3 Ends with Reduced Profit: Infosys Records Rs 6,113 Crore
As of December 31, 2023, Infosys had a total headcount of 322,663, with 304,590 software professionals and 18,073 in sales and support roles. The attrition rate was reported at 12.9%.
TCS Reports Increased Q3 Profit, Announces Rs 27 Interim and Special Dividend
According to a regulatory filing, TCS closed the third quarter of FY24 with a revenue of Rs 60,583 crore, compared to Rs 58,229 crore in Q3FY23. The net profit for the quarter was Rs 11,097 crore, up from Rs 10,883 crore in the same quarter of the previous fiscal year.
HDFC Bank Takes the Lead in Market Capitalization Gains Among Major Indian Banks in Q4
Other prominent Indian banks also witnessed growth in their market capitalization during the same period. State Bank of India, the country's top bank by assets, recorded a 7.3% rise, reaching $68.84 billion, while ICICI Bank Ltd. saw a 4.9% increase, reaching $83.98 billion.
Ola Slashes Losses by Almost 50% in FY23, Achieves Impressive Revenue of Rs 2,800 Crores
One of the noteworthy achievements is the substantial reduction in losses by almost 50%, with Ola managing to cut down its losses to Rs 772 crore in FY23, a considerable improvement from Rs 1,522 crore in FY22.
Uber India's Fiscal Year 2023: Rs 679 Cr Ride Revenue, Losses Surge by 57%
Rides on the platform contributed to 25% of the total operating revenue, witnessing a substantial 75% increase to Rs 679 crore in FY23.
Don't Miss
Top News
Advertisement