Jefferies said the company’s margins could jump to 31-32% for FY24-25 against 13% in FY22. “During Covid, IHCL has deployed several measures to contain its fixed cost and prune variable costs, and some of these are likely to be permanent.”
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
A number of widely tracked companies have declared dividends with their March quarter results
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