Banks, financial stocks, Wipro, APSEZ in focus

By Capital Market7 days ago

Banks and financial stocks will be in focus as the Reserve Bank of India Governor Shaktikanta Das will make an unscheduled address at 10:00 IST today.

Wipro announced the setting up of an Innovation Centre in Holborn, London. Wipro will invest 16 million over the next four years in the 20,000 sq. ft. Innovation Centre which will serve as Wipro's flagship centre in the United Kingdom and offer technology expertise to companies in the UK and globally.

AD

On a consolidated basis, Adani Ports & Special Economic Zone (APSEZ) posted 285% jump in net profit to Rs 1287.80 crore on 21.1% rise in total income to Rs 4072.42 crore in Q4 FY21 over Q4 FY20.

On a consolidated basis, profit before tax soared by 500% to Rs 1539 crore in Q4 FY21 as against Rs 256.73 crore in Q4 FY20. The company's operating revenue grew 24% year on year to Rs 3,608 crore in Q4 FY21. EBITDA (excluding forex gain of Rs 24 crore in Q4 FY21 versus forex loss of Rs 1,004 crore in Q4 FY20) jumped 39% year on year to Rs 2287 crore in Q4 FY21.

On a consolidated basis, Larsen & Toubro Infotech posted 5.1% rise in net income to Rs 545.70 crore on 3.7% rise in revenue to Rs 3269.40 crore in Q4 FY21 over Q3 FY20.

Continue read on business-standard.com