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HomeMarket NewsQ1 Results Highlights: Tata Communications profit drops, Jio Financial revenue up 47%
Q1 Results Highlights: Axis Bank saw a sharp rise in slippages during the June quarter, its asset quality also deteriorated, while other parameters were mostly below expectations. Wipro reported a quarter that was largely muted but in-line with expectations. Stocks like Polycab reported an earnings beat but the stock did not run as due to the already prior run-up seen. Watch this space for all Q1 earnings updates.
Q1 Results Highlights: Earnings season has picked-up pace and how. A slew of companies have already reported results so far and many more are still to come. Axis Bank saw a sharp rise in slippages during the June quarter, its asset quality also deteriorated, while other parameters were mostly below expectations.
Wipro reported a quarter that was largely muted but in-line with expectations, as was its guidance. Stocks like Polycab reported an earnings beat but the stock did not run as due to the already prior run-up seen. However, there were sharp stock reactions to results.
Ixigo shares rose 20%, while those of Heritage Foods fell 3% after its results. Newgen Software's shares also declined 6% to close at the day's low, while Navkar Corp surged as much as 10% after the company's return to profitability.
Watch this space for all Q1 earnings updates.
