5 March 2024

Trendy Texts

Business, World, Economy, Tech, Sports News

Wipro

Wipro, Federal Bank, Unitech, and others to declare Q1 results today

Q1 results today: Quarterly results are one of the most important events for stock market observers and investors to watch since they provide concrete fundamental information about the financial situation of the listed firm. During management direction, company outcomes also reflect future growth chances. Those who are anxiously awaiting the Q1 results today should be as cautious about the management guidance that will take place in the coming one to two days.

Wipro

Following the release of TCS and HCL Technologies’ first-quarter results, the Indian stock market is anticipating the quarterly profits of another IT behemoth, Wipro, for the fiscal year 2023-24. Wipro Ltd is scheduled to release its Q1 2023 results today, but there are several other corporate reports that should be monitored as well. Federal Bank, Angel One, Bhansali Engineering, Sterling Wilson, Tata Metaliks, Unitech, and others will report Q1 results for the first quarter of the current fiscal year today, in addition to Wipro L

Read more: Elon Musk announces new company, xAI

Wipro Q1 results 2023

Wipro reported a mixed result in terms of profitability in the fiscal year ending March 31, 2023 (Q4FY23). The IT behemoth reported a consolidated net profit of 3,074.5 crore in Q4FY23, a couple of crores lower than the profit of 3,087.3 crore in the same time last year. However, Q4 PAT increased by 0.71 percent from the previous quarter’s figure of 3,052.9 crore. These gains were credited to the company’s owners.

Federal Bank Q4FY23 results

Compared to the same period last year, Federal Bank’s consolidated net profit increased by 62.4 percent to 953.91 crore in the fourth quarter of the previous fiscal year. The private sector bank reported consolidated total revenue of 5,780.78 crore during the January to March 2023 quarter, rising 38.6 percent from 4,170.55 crore in the similar quarter of FY22.

TCS Q1 results 2023

Tata Consultancy Services (TCS) Ltd announced its first-quarter results for the current fiscal year on Wednesday. TCS reported a 16.84 percent YoY increase in its consolidated net profit (attributable to shareholders) to 11,074 crore in Q1FY24. In the preceding fiscal year, the company generated a profit of Rs. 9,478 crore. TCS’s consolidated net profit was down 2.8 percent year on year.

HCL Tech Q1FY24 results

HCL Tech reported its April-June quarter results on Wednesday, indicating a further decrease in its attrition rate to 16.3 percent from 19.5 percent in the previous fiscal’s prior March quarter. As of June 2023, the company’s total headcount was 2,23,438, a decrease of 2,506 from the previous year.