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IDFC drops after weak Q4 earnings
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Hexaware Technologies missed expectations on every parameter with the first quarter (January-March) net profit falling 32 percent sequentially to Rs 70.3 crore on lower revenues and operational performance. Operating profit margin slipped 330 basis points on sequential basis to 19.2 percent in the quarter gone by. Its forex loss during the quarter was Rs 13.5 crore as against loss of Rs 10.7 crore in previous quarter.
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