Overview
- Wipro reported revenue of Rs 23,556 crore (up 5.5% YoY) and net profit of Rs 3,119 crore (down 7% YoY), booked a Rs 302.8 crore labour-code charge, guided for 0–2% sequential growth in Q4 IT services, and declared an interim dividend of Rs 6 per share.
- Tech Mahindra posted revenue of Rs 14,393 crore (up 8.3% YoY) and profit of Rs 1,122 crore (up 14.1% YoY), took a Rs 272 crore labour-code provision, logged $1.096 billion in new deal wins, and reported a 13.1% EBIT margin.
- L&T Technology Services recorded revenue of Rs 29,235 million and net profit of Rs 3,026 million, with a Rs 335 million exceptional expense tied to labour-code adjustments and a 14.6% EBIT margin.
- Reliance Industries’ net profit was Rs 18,645 crore, roughly flat YoY, as revenue rose 10.5% to Rs 2.69 lakh crore, with strong digital services performance and softer momentum in retail.
- Federal Bank’s consolidated net profit rose 15.9% YoY to Rs 1,094 crore on lower provisions and steadier income, while Jio Financial Services’ profit fell 9% YoY to Rs 269 crore even as total income nearly doubled to Rs 901 crore.