Q1 Results Update: IREDA Profit Down 36%; Wipro, Infosys ADR Decline After TCS Reports Fall In Revenue
Tata Consultancy Services reported a 4% rise in profit, meeting street expectations.
KEY HIGHLIGHTS
Q1 Results Live: IREDA's Fiscal Impairment Provisions Rose 181%
In the first quarter of this fiscal impairment provisions of the company rose 181% quarter-on-quarter to Rs 362 crore, weighing on profitability.
As a result, consolidated net profit fell saw a decline of 51% quarter-on-quarter and 36% year-on-year to Rs 246 crore.
Despite this decline, net interest income surged 36% year-on-year to Rs 691 crore. However, it was down 9% quarter-on-quarter.
Q1 Results Live: Wipro ADR Falls Over 6%; Infosys Declines 4
After TCS announced its earnings on Thursday, Wipro ADR fell over 6% to 2.8880, while Infosys ADR fell nearly 4% to 18.07.
Q1 Results Live: IREDA Loan Book Up 26%
IREDA Q1FY26 Highlights (Consolidated, QoQ)
Gross NPA at 4.13% versus 2.45%.
Net NPA at 2.06% versus 1.35%.
Loan book up 26% y-o-y at Rs 79,941 crore versus Rs 63,207 crore.
Q1 Results Live: IREDA Profit Slips, NII Grows
Indian Renewable Energy Development Agency Q1FY26 Highlights (Consolidated, YoY)
NII up 36.02% at Rs 691 crore versus Rs 508 crore.
Net profit down 35.67% at Rs 247 crore versus Rs 384 crore.
TCS Q1 Results Live: Conference To Commence Soon
Post the end of the presser, the TCS Q1 earnings conference is set to commence shortly at 07:00 p.m.
