Gold Silver Reports (GSR) – Shares of the Azim Premji-led IT company fell as much as 7 percent…, the most in over 20 months, to Rs 263.35 despite beating earnings estimates in June quarter.
Net profit rose 16.3 percent over the previous quarter to Rs 2,094 crore in the April-June period, according to the company’s exchange filing….
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That compares with Rs 1,975 crore estimated by analysts tracked by Bloomberg.
Revenue grew 3.4 percent to Rs 14,231 crore, higher than the Rs 13,981-crore estimate. Revenue in dollar terms, however, fell 1.7 percent to $2,026 million.
