Net profit increased 10.86 percent year-on-year, compared with 14.23 percent growth in the previous quarter and 8.7 percent in the year-ago period, while declining 3.31 percent sequentially.
The IT sector has so far reported earnings largely in line with expectations, with a few companies delivering slightly better-than-expected performance and no negative surprises
India Inc saw fastest revenue growth in 14 quarters.
Rising costs compressed operating margins to 11-quarter low.
Net profit grew 10.86% year-on-year.
Ravindra Sonavane
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