The company reported a drop in net profit at Rs 4,609 crore for
the March quarter from Rs 7,679 crore in the year-ago period.
The net profit for the March quarter was Rs 554 crore, a drop of a
about 3% from Rs 574 crore in the year-ago period.
The diversified major posted a 22% rise in net profit at Rs 114.3
crore for the fourth quarter ended March 31.
Srinivas, who has quit the company, was widely seen as the top
contender for chief executive's position.
Dalal Street investors would react to reports stating that the Economists, in a meeting with Prime Minister, have recommended re¬imposition of the long-term capital gains tax on listed securities and equity-linked mutual funds.Share Tips Expert
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