Overview
- Wipro reported revenue of Rs 23,556 crore, up 5.5% year-on-year, with net profit down 7% to Rs 3,119 crore after a Rs 302.8 crore labour-code provision, guided for 0–2% sequential growth, and declared a Rs 6 interim dividend.
- Tech Mahindra’s revenue rose 8.3% to Rs 14,393 crore with net profit up 14% to Rs 1,122 crore despite a Rs 272 crore one-time charge, booked $1.1 billion in new orders, and lifted EBIT margin to 13.1%.
- L&T Technology Services posted Rs 2,923.5 crore revenue (up 10.2% YoY) and Rs 329.1 crore profit, noted a Rs 35.4 crore labour-code impact, expanded EBIT margin to 14.6%, and highlighted large deals including a $70 million win and new Agentic AI offerings.
- Tata Technologies’ PAT fell 96% to Rs 6.64 crore on exceptional labour-code costs tied to gratuity and compensated absences, with revenue at Rs 1,365.7 crore and management signaling over 10% sequential growth next quarter.
- Bank earnings strengthened: Federal Bank’s consolidated net profit rose 15.9% to Rs 1,094 crore and Central Bank of India’s climbed about 31% to roughly Rs 1,260–1,264 crore with improved asset quality and a Rs 0.20 per-share interim dividend.