Ebitda to rise while profit may fall in q4 articles
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RIL Q4 Results Live: Revenue, EBITDA to rise while profit may fall in Q4
EBITDA for the quarter is expected to increase by 8% year-on-year, driven by strong performance across all verticals. However, this growth may be partially offset by weakness in the Oil-to-Chemicals (O2C) segment, with an anticipated 8% year-on-year decline in EBITDA due to challenges in refining and petrochemicals.RIL's oil-to-chemicals business expected to have a robust quarter.Anticipated $1/bbl QoQ improvement in GRMs.Reliance Jio forecasted to see a 2% rise in EBITDA QoQ.Retail EBITDA...
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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...