New business premium saw a 9 percent increase in Q2FY19
Power & fuel cost shot up 30 percent to Rs 1,886 crore and freight & forwarding expenses jumped 25 percent to Rs 1,946.9 crore compared to year-ago.
Total income of Mphasis increased by 19.5 percent to Rs 1,962.4 crore during the reported quarter from Rs 1,642.2 crore in the corresponding quarter of 2017-18.
Experts feel that Infosys' large valuation discount to TCS is unlikely to narrow in the near future, but may converge over the long term as business cycles become more favourable
Good petrochemical and telecom businesses offset lower other income and weak refining business.
Lloyd Consumer which predominantly sells air-conditioners was hit by unseasonal rains
DCB Bank's asset quality improved during the quarter as gross non-performing assets (NPA) were down at 1.84 percent against 1.86 percent in previous quarter.
The consolidated revenue rose to Rs 3,364 crore, up 10 percent from Rs 3,054 crore year on year.
Its consolidated revenue rose to Rs 1,187 crore, up from Rs 1,080 crore posted during the previous quarter. In Q1 of FY18, this figure stood at Rs 965.4 crore.
Revenue increased by 23.3 percent at Rs 2190.99 crore against Rs 1,777.36 crore.
Mindtree's digital business in Q2 grew by 3.3 percent and IMTS 10.6 percent QoQ.