Page 40 - Corporate Earnings

Thomas Cook India Q4 result: PAT at Rs 58 cr, total income up 27.84%

Travel services provider Thomas Cook (India) Ltd on Wednesday reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. The company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Thomas Cook (India) said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 1,692.61 crore against Rs 1,323.94 crore in the corresponding period of the previous fiscal, it added. The total expenses in the fourth quarter were higher at Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 271.11 crore against Rs 10.37 crore in the previous year. In FY24, the consolidated total income stood at Rs 7,435.65 crore compared to Rs 5,111.2 crore in FY23, the company said. The company said its board of directors has recommended a dividend of 60 paisa per equity share of face value Re 1, including a special

NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income

State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said in a filing to the BSE. In a statement the company said its profit after tax for the year ended March 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended March 31, 2023, registering a growth of 31 per cent. The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

MakeMyTrip's Q4 profit jumps multifold to $172 mn on tax credit gains

Nasdaq-listed MakeMyTrip Ltd on Wednesday reported a multi-fold jump in profit at USD 171.9 million in the March 2024 quarter, aided by gains on tax credit and convertible notes value. The company had posted a profit of USD 5.4 million in the same quarter previous fiscal, MakeMyTrip said in a statement. Profit for the fourth quarter included a one-time credit of USD 126.1 million on recognition of deferred tax assets and a one-time gain of USD 30.6 million due to the change in carrying value of the company's convertible notes due 2028 measured at amortised cost, it added. Gross bookings in the quarter stood at USD 2,039 million as compared to USD 1,673.9 million in the year-ago period, it added. In FY24, profit was at USD 216.7 million. The company had posted a loss of USD 11.2 million in FY23. Gross bookings for FY24 stood at USD 7,954.4 million as against USD 6,566.2 million in FY23, the company said. "Our strategy to serve millions of our customers and first-time travellers th

Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses

The Ruchi Gold oil maker's profit fell to Rs 206 crore (around $25 million) for the quarter ended March 31, from Rs 264 crore a year earlier

Bharti Hexacom Q4 results: Net profit up 10.2% to Rs 223 cr amid Arpu lift

Bharti Hexacom on Tuesday posted over 10 per cent year-on-year rise in net profit for the March quarter to Rs 223 crore on the back of strong customer additions and ARPU increase in mobile services. The total revenue for the March quarter stood at Rs 1,868 crore, up 7.8 per cent over the corresponding period a year earlier. Bharti Hexacom, which offers consumer mobile services, fixed-line telephone, and broadband services in Rajasthan and the Northeast circles, reported a net profit of Rs 223 crore for the March quarter, up 10.2 per cent over the year-ago period. The board of the company also declared a final dividend of Rs 4 per fully paid-up equity share of face value of Rs 5 each. Mobile services revenues were up 6.8 per cent year-on-year, led by strong 4G/5G customer additions and increase in average revenue per user (ARPU), the company said. "Mobile revenues grew 6.8 per cent year-on-year on account of improved realisation as well as strong 4G/5G customer additions during the

Bajaj Electricals Q4 results: Consolidated PAT down 43.4% to Rs 29 crore

Bajaj Electricals Ltd on Tuesday reported a 43.47 per cent decline in consolidated net profit to Rs 29.31 crore in the March quarter with revenue impacted by weakness in appliances and general trade. The company had posted a consolidated net profit of Rs 51.85 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Consolidated total revenue from operations in the quarter under review was Rs 1,188.08 crore as compared to Rs 1,291.97 crore in the same period a year ago, it added. Total expenses in the fourth quarter were lower at Rs 1,186.09 crore as compared to Rs 1,231.69 crore in the corresponding period a year ago. In the fourth quarter revenue dropped on account of weakness in appliances and general trade. Growth in fans and 'Morphy Richards' brand was offset by drop in appliances, the company said. The lighting solutions segment also witnessed a drop in revenue on account of LED price erosion in consumer lighting and higher base effect in professional ...

Radico Khaitan Q4 results: Net profit rises 26% to Rs 53.91 crore

Liquor maker Radico Khaitan Ltd on Tuesday reported a 26.43 per cent increase in consolidated net profit to Rs 53.91 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 42.64 crore in the same quarter a year ago, Radico Khaitan Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 3,894.64 crore as against Rs 3,375.36 crore in the year-ago period. In the fourth quarter, total IMFL (Indian-made foreign liquor) volume was at 7.16 million cases, down 1.2 per cent but prestige and above brands volume was at 2.92 million cases, up 14.2 per cent, the company said. Total expenses were higher at Rs 3,820.3 crore compared to Rs 3,325.37 crore in the corresponding period of the previous fiscal. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 262.17 crore, up from Rs 220.35 crore in the previous fiscal, the filing said. In FY24, consolidated revenue from operat

Dalmia Bharat Sugar Q4 results: PAT falls 25% to Rs 93.37 cr on weak sales

Peers Dhampur Sugar Mills and Dwarikesh Sugar Industries too reported a fall in their respective quarterly profits

Oberoi Realty Q4 PAT up at Rs 788 cr on strong demand for luxury projects

India's real estate market is seeing a surge in demand for homes, particularly luxury properties. Unlike other segments, the luxury market seems unfazed by rising property prices

Siemens Q4 results: Net profit up 74% at Rs 896 crore on higher revenues

Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement. The company said it received new orders worth Rs 5,184 crore. Revenue during the quarter stood at Rs 5,248 crore, a 19 per cent increase over Rs 4,400 crore in March quarter 2023. Managing Director and Chief Executive Officer Sunil Mathur said the second quarter showed a robust growth in revenues built off a strong order backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles, he stated. "Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and divid

BASF India Q4 result: PAT up 15% at Rs 161 cr, total income at Rs 3,384 cr

BASF India Ltd on Tuesday posted a 15.30 per cent jump in consolidated net profit at Rs 161.43 crore during the fourth quarter of the 2023-24 fiscal. Its profit stood at Rs 140 crore in the same quarter in the previous fiscal. Total income rose marginally to Rs 3,384.67 crore during January-March quarter of the 2023-24 financial year, from Rs 3,352.77 crore in the year-ago period, as per the regulatory filing. Expenses remained flat at Rs 3,165.34 crore in the said period. The company's shares rose 12.70 per cent to settle at Rs 4,615 apiece on the BSE.

Q4 results: PVR Inox reports Rs 130 crore net loss on weak demand

The company reported a consolidated net loss of Rs 130 crore ($15.6 million) for the March quarter, missing analysts' estimate of a loss of Rs 83.59 crore, as per LSEG data

India Inc revenue rose in Q4, but profit grew at slowest pace in 6 quarters

BFSI, auto firms key drivers of net sales, profit in Q4

Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore

Private sector lender Karur Vysya Bank on Monday reported a 35 per cent rise in net profit to Rs 456 crore in the March quarter. The Tamil Nadu-based bank had earned a net profit of Rs 338 crore in the year- ago period. The total income increased to Rs 2,813 crore during the quarter under review, as against Rs 2,169 crore in the corresponding period a year ago, the bank said in a regulatory filing. The interest income of the bank grew to Rs 2,185 crore during the period under review, from Rs 1,768 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross non-performing assets (NPAs) moderated to 1.40 per cent of gross advances as of March 2024, from 2.27 per cent at the end of March 2023. Net NPAs also declined to 0.40 per cent of the advances, from 0.74 per cent at the end of 2023. However, provision and contingencies remained flat at Rs 293 crore. For the financial year ended March 2024, the bank's net profit increased 45 per cent to Rs 1,605 c

DLF Q4 results: Net profit up 62% at Rs 920 cr, total income at Rs 2,316 cr

Realty major DLF Ltd on Monday reported a 62 per cent increase in its consolidated net profit to Rs 920.71 crore in the quarter ended March on higher income amid strong housing sales. Its net profit stood at Rs 570.01 crore in the year-ago period. Total income rose to Rs 2316.70 crore in the fourth quarter of 2023-24 fiscal from Rs 1,575.70 crore in the corresponding period of the previous year, according to a regulatory filing. During 2023-24 fiscal, the company's net profit increased to Rs 2,727.09 crore from Rs 2,035.83 crore in the preceding year. Total income grew to Rs 6,958.34 crore during the last fiscal from Rs 6,012.14 crore in the 2022-23 financial year. DLF is the country's largest real estate firm in terms of market capitalisation. It has developed more than 158 real estate projects and developed an area in excess of 340 million square feet. DLF Group has 215 million square feet of future development potential across residential and commercial segments. DLF group is

Sterling Tools Q4 results: PAT doubles to Rs 16 cr on growth in EV division

Automotive parts manufacturer Sterling Tools Ltd's profit after tax doubled in the March quarter to Rs 16.3 crore driven by growth in its electric vehicle division. The company reported a profit after tax of Rs 7.8 crore in the year-ago period, Sterling Tools Ltd (STL) said in a statement. Total income in the January-March quarter jumped by 27 per cent to Rs 270.2 crore compared to Rs 212.7 crore in the last quarter of the previous year, the company said. For the full 2023-24 fiscal, the profit after tax rose by more than 15 per cent to Rs 55.4 crore against Rs 47.9 crore in the previous year. Total Income for FY24 rose by 21 per cent to Rs 938.5 crore as against Rs 774.9 crore, the company said. The Electric Vehicle (EV) division of the company, Sterling Gtake E-Mobility (SGEM), reported a 23 per cent growth in total income to Rs 323.8 crore in FY24 compared to Rs 174.3 crore in the year-ago period. The EV division accounts for 35% of FY24 consolidated revenue now against 23 per

Aditya Birla Capital Q4 results: Net profit doubles to Rs 1,245 crore

Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago. The consolidated profit after tax, excluding one-off items (sale of shares in AMC through OFS in Q4 FY24), grew 33 per cent to Rs 812 crore in the quarter, it said. The total consolidated income of the company grew to Rs 10,964 crore in the quarter from Rs 8,052 crore a year ago, Aditya Birla Capital Ltd (ABCL) said in a regulatory filing. The company is present in non-banking finance (NBFC) business, housing finance, asset management, and life and general insurance, among others. ABCL is the holding company for the financial services businesses of Aditya Birla Group. The total assets under management (AMC, life insurance and health insurance) rose 21 per cent to Rs 4,36,442 crore, it said. The total premium (life insurance and health insurance) grew by 1

Bank of India Q4 results: Net profit rises 7%, NII at Rs 5,937 crore

State-owned Bank of India (BoI) on Friday posted a 7 per cent rise in net profit at Rs 1,439 crore for the March quarter. The bank had earned a net profit of Rs 1,350 crore in the same quarter a year ago. The total income increased to Rs 17,913 crore during the quarter under review, as against Rs 16,549 crore in the same period last year, BoI said in a regulatory filing. Net interest income (NII) grew to Rs 5,937 crore during the period under review, from Rs 5,523 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) moderated to 4.98 per cent of gross advances as of March 31, 2024, from 7.31 per cent at the end of March 2023. Net NPAs also declined to 1.22 per cent of the advances, from 1.66 per cent at the end of 2023. However, provision for bad loans increased to Rs 2,043 crore, as against Rs 546 crore earmarked during the same quarter a year ago. The provision coverage ratio of the bank stood at 90.59 per cent

Cholamandalam Financial Q4 results: PAT rises 26.9% to Rs 1,143 crore

Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent to Rs 3,850.56 crore, from Rs 2,809.62 crore registered a year ago. The total income during the quarter under review on a consolidated basis went up to Rs 7,157.91 crore, from Rs 5,281.23 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income soared to Rs 26,086.76 crore, from Rs 18,376.03 crore registered last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd holds a 44.39 per cent stake, disbursed Rs 24,784 crore during the quarter ending

ABB India Q4 results: Net profit jumps 87% to Rs 460 cr on higher revenues

ABB India on Friday reported an over 87 per cent rise in its net profit at Rs 460 crore in the March 2024 quarter, pushed by higher revenues. It had posted a profit after tax of Rs 245 crore in the corresponding period of the previous fiscal year, the company said in a statement. The electrification and automation major follows the financial year from January to December. Its consolidated revenues during the quarter under review also rose to Rs 3,080 crore from Rs 2,411 crore in the year-ago period, it added. "We announce a strong start to 2024, building on our robust performance from Q4 of 2023. The increased demand for technologically superior solutions, coupled with the government's capital expenditure focus on new-age themes such as energy efficiency, decarbonization, and digitalization, has significantly driven our order momentum," ABB India said. During the quarter, the company said it had an order backlog of Rs 8,932 crore, up from Rs 7,170 in January-March quarter earlier.