eMudhra shares plunge 20% on BSE after firm cuts profit forecast
· Business · Business Standard
eMudhra's stock fell 20% on the BSE on Wednesday after the company announced it would miss its full-year profit target, citing slower growth in its IT-enabled services segment. The Bengaluru-based firm now projects a profit of ₹16-17 crore for the fiscal year, down from earlier expectations. The company's revenue growth also moderated, reflecting softening demand in the digital transformation market. Analysts attributed the revision to execution challenges and increased competition in the sector.
Why it matters
The 20% drop erodes investor wealth and signals sector-wide margin pressure for IT-enabled services stocks, impacting shareholders and potentially prompting broader sector reassessment.
Read the original report — Business Standard
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