Birlasoft will hold a meeting of the Board of Directors of the Company on 27 January 2022
This will be the seventh consecutive time, Birla Soft being featured across the named category.
Revenue recorded a growth of 20% yoy to Rs1,688cr. In dollar terms, revenue was at $225.1 million up by 18% yoy.
Ten-year yields inched about 1 basis point at 1.8860% after hitting 1.8900%, while five-year yields settled at 1.6795%, marking new two-year highs recorded in the early session.
The Company had submitted offer to Bailey Properties Private Limited in respect of the Project
Gross NPA and Net NPA as of 31 December 2021 stood at 1.73% and 0.78% respectively, as against 2.45% and 1.10% as of 31 September 2021.
The ‘Stable’ outlook indicates a low likelihood of rating change over the medium term.
Nazara Technologies and Inox Leisure were also bullish. Dish TV and ZEEL were under pressure.
The credit rating agency also reaffirms the ICRA A1+ rating on an enhanced commercial paper limit of the company.
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