Revenue for Q1 FY23 has increased by 18% YoY to ₹ 215,286 millions. Profits fell by 21% YoY to ₹ 25,636 millions. IT Services Segment Revenue rose by 13% YoY to $2,735.5 millions for Q1 FY 2023. Total Expenses rose by 23% YoY to ₹1,86,475 millions in Q1FY23.
Order Books in Total Contract Value terms grew 32% YoY. Operating Profit fell by 8% YoY to ₹31.9 billions. In this quarter’s press relase, management suggested that with 15% operating margin, the firm’s margins have by all means bottomed out and cannot fall any further in terms of margins.
To further compare this quarter’s results to the past, check out this link.
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