Q3 Earning News

Wipro stock soared up after its Q3 numbers - from being the top Nifty50 gainer to its shares surging 13% intra day, to hitting a new 52 week high on 15th January, Wipro was buzzing through the day. This despite the fact that their net profit in Q3 declined (YoY), and this was the fourth consecutive quarter of decline. Why did this happen - and why are analysts still in wait and watch mode despite the stock going up? Watch

Profit was lower than ₹431.2 crore estimated by a Bloomberg poll of 24 analystsConsolidated revenue from operations stood at ₹4,371 crore, up 9.1% from ₹4,007.54 crore reported a year ago

Revenue from operations climbed over 20% to ₹276.94 billion Revenue from offshore operations rose 19.1%

Total income from operations for the December quarter stood at Rs.1,241 crore, up 12.8% from Rs.1,100 crore last yearDuring the third quarter, GSKCH expanded the reach of its health food drinks portfolio to 1.88 million outlets

Total income rises to ₹338.85 crore in third quarter this fiscal, against ₹59.91 crore last fiscalTotal expenses increases to ₹665.49 crore from ₹421.19 crore in the year-ago period

Total revenue rises to Rs.2,902.44 crore in December quarter of FY19, from Rs.2,603.42 crore last yearBritannia to continue focus on bridging portfolio gaps in the bakery business and other adjacent macro snacking business opportunities

Total income of IDFC First Bank, previously IDFC Bank, rose to ₹3,968.40 crore in December quarter of 2018-19The bank had registered a net profit of ₹146.11 crore in the corresponding quarter of previous fiscal

Total income rises to Rs.2,927.94 crore during the third quarter, from Rs.2,591.07 crore a year agoNet profit falls during Q3 due to exceptional loss of Rs.28 crore for provision of an increase in pension liability in its group's UK entities

Total income surges 37% to Rs.1,835 crore in Q3 FY19 from Rs.1,342 crore last yearIRB Infrastructure expects Q4 FY19 to be more stronger with continued traffic momentum

In the December quarter, the adhesive maker’s gross margin contracted by 620 basis points year-on-year to a 15-quarter low of 47.2%For earnings estimates to revive sharply, not only does volume growth have to sustain, but even margins need to revive.