For full year, the Bengaluru-headquartered firms profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
Happiest Minds executive chairman Ashok Soota said the company is on track for its longterm vision of $1 billion revenue in FY31, thanks to its new generative AI business unit and two successful acquisitions.
Double-digit YoY aggregate growth in net profit for the fourth consecutive quarter is expected to be driven by select companies from automobiles, banking, finance, and pharmaceutical sectors.
As Q4FY24 earnings season begins, Motilal Oswal estimates Nifty earnings to grow 6% YoY. Among stocks, the brokerage expects 5 Nifty50 constituents to witness over 45 percent surge in their net profit on a year-on-year (YoY) basis in Q4FY24. Let s take a look at these stocks:
India Business News: Samsung Electronics said on Wednesday its fourth-quarter operating profit sank 34.4 per cent from a year earlier due largely to sluggish semiconductor