The brokerage company expects their revenue growth to decelerate going ahead. Infosys and Tech Mahindra are Nomura's only 'buy-rated' stocks in the IT sector.
Cyient DLM Q4 Results: Cyient DLM declared their Q4 results on 23 Apr, 2024. The topline decreased by 56.51% & the profit decreased by 28.31% YoY. As compared to the previous quarter the revenue grew by 12.71% and the profit increased by 23.34%. The Selling, general & administrative expenses rose by 16.82% q-o-q & decreased by 60.6% Y-o-Y. The operating income was up by 34.35% q-o-q.
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LTI Mindtree Q4 Results: LTI Mindtree declared their Q4 results on 24 Apr, 2024. The topline increased by 2.32% & the profit decreased by 1.24% YoY. In comparison to the previous quarter, the revenue declined by 1.37% and the profit decreased by 5.9%.The Selling, general & administrative expenses rose by 3.33% q-o-q & increased by 4.29% Y-o-Y. The operating income was down by 5.57% q-o-q.
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Hindustan Unilever Q4 Results: Hindustan Unilever declared their Q4 results on 24 Apr, 2024. The topline decreased by 0.03% & the profit decreased by 1.62% YoY. As compared to the previous quarter the revenue declined by 2.29% and the profit increased by 1.95%.The Selling, general & administrative expenses rose by 4.97% q-o-q & increased by 19.47% Y-o-Y.
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