Page 42 - Corporate Earnings

Muthoot Microfin Q4 results: Net profit jumps 27% to Rs 120 crore

Muthoot Microfin on Monday reported a 27 per cent rise in its profit after tax at Rs 119.76 crore during March quarter of 2023-24. The non-banking finance company had reported a profit after tax (PAT) of Rs 94.56 crore in the corresponding fourth quarter of FY23, according to a regulatory filing. The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period. For 2023-24 fiscal, PAT grew over two-fold to Rs 450 crore. The NII rose 56 per cent to Rs 1,361 crore in FY24.

Kamdhenu Q4 result: PAT up 56% at Rs 17 cr, total income rises to Rs 184 cr

Steel maker Kamdhenu Ltd on Monday posted a 56 per cent rise in net profit to Rs 16.8 crore in the March quarter compared to Rs 10.8 crore in the year-ago period on the back of higher income. Its total income rose to Rs 184 crore in the period under review from Rs 168 crore in the January-March quarter of FY23. The company's total expenses also rose to Rs 161.59 crore as against Rs 153.22 crore in the year-ago period. The board of directors have recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for the financial year ended March 31, 2024. In a separate statement, Kamdhenu Ltd CMD Satish Kumar Agarwal said the company is raising Rs 100 crore through an issue of convertible warrants on a preferential basis over the next 18 months. Of this, it has already received Rs 24.27 crore. "Through the capital raise, the company will look to re-model the franchisee business by acquiring stake strategically in some of the franchisee units, invest in existing and

Square Yards Q4 results: Revenue up 49% to Rs 1,004 cr on strong demand

Square Yards, which is mainly in the housing and home loan brokerage business, on Monday said its revenue has risen 49 per cent to Rs 1,004.45 crore during the last fiscal year, driven by strong demand for residential properties. Of the total revenue, its India business contributed 79 per cent, Square Yards said in a statement. Square Yards also has a presence in Dubai and some other countries. Its revenue stood at Rs 672.4 crore in the preceding 2022-23 fiscal. "For the first time, the company has achieved EBITDA profitability for the full year FY24. Additionally, Square Yards reached operating cash flow breakeven in H2FY24," the statement said. Of the total revenue from operations during the last fiscal year, the company said the real estate services contributed Rs 428.94 crore while financial products and services added Rs 448.69 crore. The digital product services and interior services generated Rs 40.68 crore and Rs 77.82 crore, respectively, during the last fiscal year. "F

CG Power and Industrial Solutions Q4 results: Profit dips 10% to Rs 234 cr

CG Power and Industrial Solutions on Monday reported 10 per cent dip in consolidated net profit to Rs 234 crore for March quarter FY24, mainly due to higher expenses. Its net profit (from continuing operations) was Rs 260 crore in the quarter ended March 31, 2023, a regulatory filing said. Total income rose to Rs 2,239.83 crore from Rs 1,917.05 crore in the year-ago period. Total expenses also surged to Rs 1,932.80 crore from Rs 1,654.63 crore in the same period a year ago. However, consolidated net profit (from continuing operations) rose to Rs 871 crore in fiscal 2023-24 from Rs 796 crore in 2022-23. Total income in the fiscal increased to Rs 8,152.24 crore from Rs 7,040.30 crore a year ago. The results include the performance of the operating subsidiaries in Sweden, Germany and the Netherlands (Drives and Automation Europe), CG Adhesives Products Ltd (India), CG Semi Pvt Ltd (India) and other non-operating and holding subsidiaries. The company is an engineering conglomerate w

Indian Bank Q4 results: Net profit jumps 55% to Rs 2,247 crore, NII up 9%

Public sector lender Indian Bank reported a 55 per cent jump in net profit at Rs 2,247 crore in March quarter of 2023-24. The bank had a net profit of Rs 1,447 crore in March quarter of the preceding fiscal. Total income increased to Rs 16,887 crore in March quarter of FY24, from Rs 14,238 crore in the fourth quarter of FY23. Net Interest Income (NII) increased by 9 per cent YoY to Rs 6,015 crore in March quarter of FY24, from Rs 5,508 crore in March quarter of FY23. For full 2023-24 fiscal, net profit went up by 53 per cent YoY to Rs 8,063 crore, from Rs 5,282 crore in FY23. Total income for FY24 increased to Rs 63,482 crore, from Rs 52,085 crore in FY23. Shares of Indian Bank were trading at Rs 535.75, down 1.44 per cent over previous close on BSE.

JSW Infra Q4 result: Net profit up 10% at Rs 330 cr on higher cargo volumes

The company, part of steel-to-energy conglomerate JSW Group, said consolidated net profit rose to Rs 330 crore ($39.6 million) in the quarter, from Rs 300 crore a year ago

Carborundum Universal Q4 results: Net profit declines to Rs 142.56 crore

Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said. The city-based company part of the diversified conglomerate Murugappa Group had registered a consolidated net profit of Rs 148.79 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profit stood at Rs 476.18 crore as against Rs 441.70 crore registered a year ago. The consolidated total income during the quarter under review stood at Rs 1,213.73 crore, as against Rs 1,219.43 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income grew to Rs 4,778.84 crore, from Rs 4,731.01 crore registered in the same period last year. In a statement, the company said, "FY24 consolidated sales were lower compared to last year mainly due to depreciation of Rouble against Indian Rupee in comparison with FY23 average

Inox Wind Q4 results: Net profit at Rs 37 crore, order book at 2.7 GW

Inox Wind Ltd on Friday reported a consolidated profit of Rs 36.72 crore for the March 2024 quarter, mainly due to increased income. It had posted a net loss of Rs 119.04 crore in the January-March period of the preceding fiscal, the company said in an exchange filing. During the fourth quarter of FY24, the company's total income surged to Rs 563.07 crore from Rs 193.83 crore a year ago. The company's expenses stood at Rs 512.50 crore during the period under review against Rs 312.43 crore in the year-ago period. Kailash Tarachandani, CEO of Inox Wind, said, "Q4 has been a milestone quarter for the company as we successfully transitioned to 3 MW WTG (wind turbine generators) supplies from 2 MW WTGs. Our debt levels have also come down drastically and we expect to be net debt free within H1 FY25". The company secured the single largest wind project order of 1,500 MW from a leading power utility during the quarter, resulting in a healthy order book of 2.7 GW (excluding letter of inte

Raymond Q4 results: Profit jumps 18% to Rs 229 cr on strong realty demand

The company, which sells clothes to luxury homes, said its consolidated profit rose to 2.29 billion rupees ($27.5 million)in the three months to March 31, compared with 1.94 billion rupees a year ago

Adani Green Energy Q4 results: Net profit declines 39% to Rs 310 cr

The company's expenses surged to Rs 2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period

RailTel Q4 results: PAT rise 3% to Rs 77.5 cr, total income at Rs 852 cr

Railway PSU RailTel Corporation of India on Thursday reported a 3 per cent rise in profit after tax to Rs 77.53 crore for the January-March quarter of 2023-24 compared to Rs 75.24 crore in the same period of the previous year. The Mini Ratna company under the Railway Ministry reported a total income of Rs 852 crore for the last quarter of 2023-24 against Rs 707.29 crore in the year-ago period, according to an exchange filing. Sanjai Kumar, Chairman and Managing Director of RailTel, said, Operationally the company has been performing consistently with an impressive growth of 25% on QoQ basis in its operating revenue. For Financial year 2023-24 also the growth in Revenue and PAT has been quite encouraging at 31%. With healthy order book, the company has visibility of substantial growth in operating income in coming quarters, Kumar added. For the year ended on March 31, 2024, the company achieved a total income of Rs 2,622 crore and a total PAT of Rs 246 crore, registering a growth of

Blue Dart Express Q4 results: Net profit rises 12% to Rs 78 crore

Logistics company Blue Dart Express on Thursday reported a consolidated net profit of Rs 77.78 crore for the March quarter, registering a 12 per cent increase on the back of revenue growth. The company had reported a net profit of Rs 69.44 crore in the year-ago period. The express air integrated transportation, and distribution logistics company, declared its financial results on Thursday for the March quarter and the entire 2023-24 fiscal year at its board meeting held in Mumbai. Blue Dart's total income for the fourth quarter stood at Rs 1,333.93 crore, as against Rs 1,225.22 crore a year ago, a regulatory filing showed. "In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in recent quarters. These initiatives included the establishment of crucial air routes through the acquisition of two 737 freighters and the inauguration of state-of-the-art facilities," Blue Dart Express Managing Director Balfour Manuel said.

Ajanta Pharma Q4 results: Net profit increases 66% to Rs 203 crore

Ajanta Pharma on Thursday said its consolidated net profit increased 66 per cent to Rs 203 crore in the March quarter, aided by robust sales across domestic and international markets. The drugmaker had reported a net profit of Rs 122 crore in the January-March quarter of the previous fiscal. Revenue from operations rose to Rs 1,054 crore in the fourth quarter of FY24 as compared with Rs 882 crore in the year-ago period, Ajanta Pharma said in a regulatory filing. For the year ended March 31, 2024, the company posted a consolidated net profit of Rs 816 crore as against Rs 588 crore in the 2022-23 fiscal year. Revenue from operations rose to Rs 4,209 crore for FY24 as compared with Rs 3,743 crore in FY23. The company said it distributed Rs 642 crore to its shareholders in the form of dividend in FY24. The drug firm generated a cash flow of Rs 812 crore and, given this financial position, the board of directors has approved the distribution of Rs 351 crore to shareholders in the form

Coal India Q4 results: Consolidated net profit rises 26% to Rs 8,682 crore

Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter. The company's consolidated net profit stood at Rs 6,875.07 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. Its consolidated income in the January-March period declined to Rs 39,654.50 crore from Rs 40,371.51 crore a year ago. CIL accounts for over 80 per cent of the country's domestic coal production.

Huntington March quarter results: Revenue up 4.9% to $2.81 bn, beats views

Demand for submarines and aircraft carriers is surging, fueled by China's expanding naval footprint and high global tensions, benefiting shipbuilding giants such as Huntington Ingalls

South Indian Bank Q4 results: Net profit dips 14% to Rs 288 crore

South Indian Bank on Thursday reported a 13.88 per cent decline in March quarter net profit to Rs 287.56 crore. The private sector bank posted a net profit of Rs 333.89 crore in the January-March period of the 2022-23 fiscal year. Total expenditure increased to Rs 2,187 crore in the March quarter, from Rs 1,757 crore in the same period a year ago, South Indian Bank said in a regulatory filing. The bank's total income rose to Rs 2,621 crore in the fourth quarter of 2023-24, from Rs 2,318 crore in the year-ago period. For 2023-24 fiscal, the bank's net profit rose 38 per cent to Rs 1,070 crore, from Rs 775 crore in the 2022-23 fiscal. The bank's board has recommended a dividend of Rs.0.30 per equity shares of face value of Re 1 each (30 per cent) for the financial year ended March 31, 2024 Shares of South Indian Bank were trading at Rs 28.92, down 6.01 per cent over previous close on the BSE.

Tata Chemicals Q4 results: Net loss at Rs 850 cr on low soda ash demand

It reported a consolidated net loss of Rs 850 crore ($101.9 million) in the quarter ended March 31, compared to a profit of Rs 709 crore year ago

Trent Q4 results: Profit sees multi-fold jump at Rs 712 cr, sales up 51%

Tata group's retail arm Trent Ltd on Monday reported a multi-fold increase in consolidated net profit at Rs 712.09 crore for the fourth quarter ended March 2024, helped by exceptional item gains. The company had posted a consolidated net profit of Rs 44.95 crore in the January-March quarter a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under the brand names -- Westside, Zudio and Star. Its consolidated revenue from operations was up 51 per cent to Rs 3,297.70 crore during the quarter under review. It was at Rs 2,182.75 crore in the year-ago period, it added. During the quarter, Trent had a gain of Rs 576.07 crore as it "reassessed the estimates of measurement and recognition of the right of use assets including related security deposits and corresponding lease liabilities" of lease contracts for its store operations. Trent's total expenses were higher at 39.21 per cent in the March quarter to Rs 3,073.54 crore in FY24. "Given the account

KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth

Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins. The Pune-headquartered company's FY24 net profit grew to Rs 598.51 crore from Rs 386.8 crore in the year-ago period. For the reporting quarter, its revenues rose nearly 30 per cent to Rs 1,317.8 crore, while the operating profit margin widened 1.7 per cent to 20.7 per cent. The company announced that it will aim for an 18-22 per cent growth in the topline in the new fiscal, and will get the profit margin number above 20.5 per cent. About the slower revenue growth target for FY25, and if the company is being conservative, its Co-Founder, Chief Executive and Managing Director Kishor Patil told reporters that while it has been consistently showing growth of over 30 per cent in the last four years, it is also true that many changes are happening in the sector and it has taken a "pragmatic" call on the .

Gillette India March quarter results: Profit falls 4% to Rs 99.09 crore

Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices