Strong cost measures, along with a drop in subcontracting cost by almost 200 basis points, helped the company script a healthy profit margin of ₹851 crore.
Bloomberg had pencilled in ₹873.6 crore net profit, a tad above what the IT firm delivered.
Sequentially, the profit was up by 28.8 per cent. Meanwhile, revenue for the first quarter of financial year 2025 (Q1FY25) came in at ₹13,005 crore, down 1.2 per cent Y-o-Y. But it grew one per cent sequentially.
Here the company beat the Bloomberg estimates, which had forecast first quarter revenue at 12,966.5 crore.
This story is from the July 26, 2024 edition of Business Standard.
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This story is from the July 26, 2024 edition of Business Standard.
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