Sensex Trades Over 300 Points Higher; Dow Futures Trade Flat

The company in its conference call said India and Germany are on the recovery path, while the Brazil division offered a positive surprise. The company's Germany revenues were up 21% YoY to Rs 2.6 billion whereas its Brazil revenues were down 8% YoY for at Rs 1.7 billion the quarter under consideration.

Overall, the company reported an 18.3% YoY rise in its consolidated net profit to Rs 2.9 billion for the quarter ended in December. The company had posted a net profit of Rs 2.5 billion for the corresponding period of the previous fiscal. The board of the company has approved an interim dividend of Rs 20 per equity share of Rs 5 fully paid up.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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