Shares of Transformers and Rectifiers (India) slumped over 11% on Wednesday after Q4 results showed a dip in consolidated net profit despite strong revenue growth and a large order book. Margin pressures and rising expenses appear to have spooked investors, even as the company announced a dividend and outlined fresh capex plans.
Tata Communications Q4 Results: Profit falls 75% YoY to Rs 259 crore; co declares Rs 17.5 dividend
Tata Communications reported a 75% YoY drop in Q4 profit to Rs 259 crore due to absence of one-off gains, despite 9% revenue growth. Higher