Wipro's consolidated net profit fell 3.86% to Rs 2,387.60 crore on a 1.93% fall in net sales to Rs 14716.10 crore in Q1 June 2019 over Q4 March 2019. The result was announced after market hours yesterday, 17 July 2019.
IT services segment revenue was $2,038.8 million in Q1 June 2019, an adjusted increase of 4.3% year-on-year (YoY). IT services operating margin for the quarter was at 18.4%, an increase of 0.8% YoY. Wipro expects revenue from IT services business to be in the range of $2,039 million to $2,080 million. This translates to a sequential growth of 0% to 2%.
Yes Bank's net profit dropped 90.97% to Rs 113.76 crore on 9.87% rise in total income to Rs 9088.80 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 17 July 2019.
Oil India has emerged as the biggest winner of oil & gas blocks under Open Acreage Licensing Policy (OALP) rounds II & III by winning 12 blocks out of 32 blocks for which bids were submitted by leading Operators.
Punjab & Sind Bank said that on the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against Bhushan Power And Steel (BPSL) and its directors, alleging diversion of funds from banking system, a fraud of Rs 238.30 crore is being reported by bank to RBI. In the accounts of the BPSL, the bank has already made provisions amounting to Rs 189.35 crore, as per prescribed prudential norms. The announcement was made after market hours yesterday, 17 July 2019.
DFM Foods' net profit surged 52.3% to Rs 7.63 crore on 29.5% rise in total income to Rs 128.63 crore in Q1 June 2019 over Q4 March 2019. The result was announced after market hours yesterday, 17 July 2019.
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Newgen Software announced that it has been granted Patent entitled "Automated Quality and Usability Assessment of Scanned Documents". This will help organizations in reducing errors, ensuring faster processing and delivering effective output. The announcement was made after market hours yesterday, 17 July 2019.
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