Ebitda to rise while profit may fall in q4 articles
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LTIMindtree Q4 profit falls 1.2%, revenue edges up
India's sixth-largest IT services firm LTIMindtree on Wednesday reported a 1.2% year-on-year (YoY) decline in net profit at Rs 1,100 crore for the March quarter of the financial year 2024 missing street estimate of Rs 1,150 crore. The profit stood at Rs 1,114 crore a year ago.Sequentially, the Mumbai-headquartered company's net profit fell by 5.9% from Rs 1,169 crore.During the quarter, its consolidated revenue came in at Rs 8,892.9 crore, up 2.3% YoY from Rs 8,691 crore in the year-ago quarter....
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Mphasis Q4 profit dips 2.9%, revenue falls 5.2%
Mid-sized IT services firm Mphasis has reported a 2.9% dip in net profit at Rs 393.22 crore as against Rs 405.31 crore in the year ago quarter. On a sequential basis, profit increased by 5.2% from Rs 373.6 crore in the previous quarter ending December 2023.Revenue from operations during the quarter declined 1.5% to Rs 3,412 crore as compared to Rs 3,361 crore in the year ago quarter. Sequentially, the revenues fell 2.2% from Rs 3,337.9 crore in December quarter.For the full year ended March...
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Stock Of The Day: Trent's Q4 Revenue, Profit Rise — Key Levels, Analyst View
Tata retailer Trent Ltd.'s revenue and net profit rose in the fourth quarter of fiscal 2024. Revenue jumped 53.4% year-on-year to Rs 3,187 crore during the January-March period. This compares to Rs 2,077 crore in the same period last year.Net profit of the Tata Group company rose to Rs 712 crore from Rs 45 crore in the previous year, aided by a one-time lease readjustment gain of Rs 543 crore, with a tax thereon of Rs 138 crore.Gross margin surprise was offset by employee costs, which saw a...