The company has recorded a net profit of Rs 14.1 crore versus loss of Rs 11.9 crore, QoQ.
Speaking to CNBC-TV18 Prashant Panday, MD & CEO, ENIL says the company‘s revenue has risen about 13-13.5 percent and not 8.8 percent as has been reported.
The company's asset under management (AUM) grew at 24 percent to Rs 11,976 crore.
The stock, however, was down 2.9 percent on the stock market at 12:22 IST based on weak earnings.
According to Bharuka, the bad Q4 numbers were expected on the back of slowdown in the auto and the housing sector.
After posting robust numbers in Q4FY13, Ravi Pandit, chairman and chief executive officer, KPIT Cummins is hopeful that the company will earn dollar revenue of USD 465-475 million in FY14.
The fourth quarter earnings will begin from Friday. In an interview to CNBC-TV18, Varatharajan Sivasankaran of ICICI Securities outlined his expectations from stocks across various sectors.
Anshu Jain, co-chief executive officer of Deutsche Bank spoke exclusively to CNBC-TV18 about the bank's clean up mission. Remember, yesterday, the bank posted a dismal set of fourth quarter numbers after setting aside four billion dollars to settle litigations.
