Microfinance lender Satin Creditcare today reported a rise of over 13 per cent in its consolidated net profit at Rs 16.97 crore for the third quarter ended December 31.
Energy and environment solutions provider Thermax today reported a flat net profit at Rs 54.77 crore in the third quarter ended December 31, mainly on the back of decline in revenues.
Vineet Nayyar, Executive VC, Tech Mahindra does not see a significant impact on Indian IT companies. According to him the sterling may fall but it will have only a marginal impact for them. He said, they keep facing these kind of currency problems time and again.
The company had reported an operating loss of 195 million Norwegian krone (about Rs 149.26 crore) in the same period last year, Telenor said in a statement.