Management got a clean chit from the whistleblower case by the audit committee.
PAT was up 23% YoY to Rs.45Bn, albeit with help of one-off from interest income on tax refund.
BFSI & Retail verticals remained soft while rest remained strong.
Americas reported strong growth (10% YoY) while Europe remained weak (4.3% YoY).
Increase in receivables was due to clients’ demand for greater headroom for payments. EBIT margins improved 20bp QoQ to 21.9%.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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