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The company reported a PAT of Rs 4,028 crore for the quarter ended December 2023, which was up 6.5% as compared to the previous quarter. The EBIT growth was also 8% up while the expenses had decreased by nearly 6% for the same period.
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran\’s retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.
Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.