Its revenue grew 15.7 per cent to Rs 22,331 crore in the quarter under review. In the year-ago period, the same stood at Rs 19,302 crore.
HCL Technologies revenue in dollar terms came in at $2,977 million, up 6.7 per cent sequentially. In constant currency terms, revenue registered a growth of 15 per cent.
Mindtree on Thursday posted a 34 per cent jump in consolidated net profit to Rs 437.5 crore for the December 2021 quarter.
The stock tanked 6 per cent to settle at Rs 649.85 on BSE. During the day, it tumbled 6.27 per cent to Rs 648.
The company, the cash cow of the over $100 billion Tata Group, witnessed a 16.3 per cent jump in its revenue to Rs 48,885 crore for the reporting quarter.
The Bengaluru-based company saw its revenue grow about 36 per cent to Rs 2,750 crore in the quarter under review from Rs 2,023.7 crore in the year-ago period.
TCS' revenue from operations rose 4.3 per cent sequentially to Rs 48,885 crore. Its revenue in constant currency terms advanced 15.4 per cent (Y-o-Y).
Infosys' revenue from operations jumped 7.65 per cent to Rs 31,867 crore and in constant currency terms Infosys revenue grew 21.5 per cent annually and 7 per cent sequentially.
Net Interest income grew 24.8 per cent on a year-over-year basis in Q2 at Rs 11,690 crore.
The company's gross revenue rose 49 per cent at Rs 1.91 lakh crore. The rise in crude oil prices and better realisation helped the old-economy business whereas the retail segment benefitted from footfalls as stores reopened and recorded more footfalls. Telecom vertical Jio too recorded greater revenue.
Revenue from operation rose 9.05 per cent to Rs 3,033.12 crore compared to Rs 2,781.34 crore recorded in the corresponding period last year.
Its wire and cable business grew 46 per cent to Rs 2,548 crore in the second quarter. The company's fast-moving electric goods segment grew 41 per cent to Rs 342.9 crore.
According to the company, which operates 658 screens across 156 multiplexes in 70 cities, it has started opening cinemas in a staggered manner from July 2021.
In its quarterly results revealed on Thursday, the company said that it would be considering increasing the prices of its products in order to mitigate the impact of persistently high inflation.
The company in its filing to the Bombay Stock Exchange enumerated that the Covid-19 situation in the country affected the normal dine-in operations of its restaurants, which resulted in lower sales. It added that the company has taken several measures to protect profit margins.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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