There is certainly pressure on IT companies to do their investors a good turn. But the question one needs to ask is whether share buybacks really help the company perform better in the long-term. The answer is a clear no.
The company had reported a net profit of Rs 55.27 crore in the corresponding period last year
AK Jain, ED, Ipca Labs told CNBC-TV18 that the start of the earnings for the company is very good and down the line maybe after Q2 it may revise the guidance.
Corporates are finding it difficult to expand capital base and raise finances through equity route despite showing a handsome increase in the earning per share (EPS), a study by industry chamber Assocham said.