NEWS CORNER
1.
Larsen & Toubro Infotech
approved closure of its wholly owned subsidiary Larsen & Toubro Infotech
Austria GmbH.
2.
NHPC declared commercial
operation of Unit No 2 and 3 of Kishanganga HE Project (3 x 110 MW), Jammu
& Kashmir.
3.
Sun Pharmaceutical's consolidated
net profit rose 6.94 percent year-on-year (YoY) to Rs 1,309 crore in the fourth
quarter ended March, beating analysts' estimates. The profit
was boosted by a one-time tax benefit of Rs 259 crore in Q4 related to certain
intangibles. Excluding the one-time tax benefit of Rs. 259 crore, the adjusted
net profit for the quarter was Rs. 1,050 crores.
4.
Tech Mahindra on Friday reported
its fourth-quarter numbers. The net profit grew 29.6 percent to Rs 1,222 crore
compared to Rs 943.1 crore in the last quarter. The Mumbai-based IT services
firm reported 3.6 percent growth in revenue at Rs 8,054.5 crore in rupee terms
as against Rs 7,776 crore (QoQ). It reported a dollar revenue of USD 1,244.3
million.
5.
PC Jeweller today posted a 7.47
percent jump in its standalone net profit at Rs 118.28 crore for the quarter
ended March 2018. The company had clocked a net profit of Rs 110.05 crore in
the same period of the previous fiscal.
Missed call
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