Page 44 - Corporate Earnings

Gap in stock prices, corporate earnings at highest level since 1990

Analysts attribute the growing divergence between stock price and corporate earnings to the valuation-driven rally

Are the stock markets prepared for a delay in interest rate cut?

As regards rate cuts, analysts expect the global central banks, especially in Asia, to follow the Fed in rate cutting cycle

This Madhuri Kela-owned stock has surged 59% in 12 days; up 729% in 1 year

Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.

HITES registers 31% increase in net profit at Rs 32.86 crore in FY24

HLL Infra Tech Services Ltd (HITES) has reported a 31 per cent jump in net profit to Rs 32.86 crore in 2023-24 compared to Rs 25 crore in FY23 on higher revenue from the infrastructure division, the Health Ministry said on Wednesday. The total turnover of the central public sector undertaking under the Health Ministry rose by 17.18 per cent to Rs 425.10 crore in 2023-24 against Rs 362.77 crore in 2022-23, the ministry said. "These significantly positive results were achieved largely due to the infrastructure development business which saw the execution of the new All India Institute of Medical Sciences (AIIMS) at Bibinagar (Telangana) and Rewari (Haryana)," the ministry said. Besides, the company also executed projects of upgradation of medical colleges and hospitals at Alibagh and Nandurbar, Maharashtra, and other healthcare and allied projects at various locations pan India. The company also provided medical equipment procurement and facility management services in the last fisca

Hotel stocks rally up to 9% in weak market on hopes of strong earnings

Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.

Magadh Sugar Q3 results: Net profit rises 77.3%, income at Rs 219 cr

Magadh Sugar & Energy, a part of the KK Birla group, on Wednesday reported a 77.3 per cent increase in its net profit to Rs 39 crore in the third quarter of the current financial year. The company had posted a Rs 22 crore profit in the same period previous fiscal. The total income of the company stood at Rs 219 crore at the end of the September-December quarter, registering a rise of 4.2 per cent over Rs 210 crore in the year-ago period, a company statement said. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 62 crore at the end of the quarter under review as against Rs 45 crore in the same period in the previous financial year. Magadh Sugar & Energy chairperson C S Nopany said, "In the light of recent government notifications, including a rise in sugar cane prices in Bihar, and adjustments to ethanol procurement targets, challenges have increased. Amidst these challenges, the company remains steadfast in leveraging synergies and ...

ABB India result: PAT grows to Rs 345 cr, revenue at Rs 2,757 cr in Dec qtr

Electrification and automation major ABB India on Tuesday posted around 13 per cent rise in profit after tax to Rs 345 crore in fourth quarter ended December 31, mainly on the back of higher revenues. It had clocked Rs 306 crore PAT (profit after tax) during the October-December period of the preceding fiscal, the company said in a statement. The company follows January to December as a financial year. Total revenue of the company rose to Rs 2,757 crore in the quarter under review, from Rs 2,427 crore in the same quarter a year ago. In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore. In 2023, the company received orders worth Rs 12,319 crore, up 23 per cent over 2022. For the entire fiscal, the company's PAT was at Rs 1,248 crore, up over Rs 1,026 crore from last financial year. While the revenues surged to Rs 10,447 crore, from Rs 8,568 crore a year ago. "Our broad-based growth has come on the back of deepening engagement into diverse market segments an

ReNew Q3 results: Loss narrows to Rs 321 cr, revenue rises to Rs 1,929 cr

ReNew on Tuesday said its net loss narrowed to Rs 321.6 crore during the quarter ended December 31, 2023. It had posted a net loss of Rs 401.3 crore during the October-December period of the preceding 2022-23 financial year, the renewable energy firm said in a statement. The company's total revenue rose to Rs 1,929 crore, from Rs 1,607.7 crore in the year-ago period. The earnings before interest, taxes, depreciation, and amortization (EBITDA) was Rs 1,250.9 crore in the quarter under review, as against Rs 1,162.8 crore the third quarter last fiscal. As of December 31, 2023, the company's portfolio consisted of 13.8 GW capacity, of which 8.5 GW is commissioned and 5.3 GW committed capacity, compared to 13.4 GW capacity as of December 31, 2022. During the April-December period, the net profit was at Rs 353.8 crore. The company had reported a net loss of Rs 510.3 crore in the first nine months of FY23. Total income was at Rs 7,241.4 crore in the first nine months of this financial y

Margin gains propel India Inc's Q3 profit despite revenue slowdown

The combined earnings were, however, up only marginally from Rs 3.15 trillion reported in Q2FY24 as well Q4FY23

EPACK Durable Q3 results: Net profit at Rs 4.83 cr, revenue at Rs 279 cr

EPACK Durable Ltd on Thursday reported Rs 4.83 crore consolidated net profit for the third quarter ended December 2023. The company had posted a net loss of Rs 6.30 crore during the October-December quarter a year ago, EPACK Durable said in a regulatory filing. Its revenue from operations was Rs 279.05 during the quarter under review. In the year-ago period, the company's revenue from operations stood at Rs 275.61 crore. This is the first quarterly result of the Noida-based original design manufacturer (ODM) after its listing on January 30, 2024. Its total expenses were Rs 273.92 crore in the December quarter. Shares of EPACK Durable Ltd on Thursday settled at Rs 186.30 on the BSE, up 2.59 per cent.

HGS Q3 results: Net profit tanks 84% to Rs 8.2 crore, revenue up 8%

Hinduja Global Solutions (HGS) on Wednesday reported a 84 per cent decline in consolidated net profit to Rs 8.2 crore for the December quarter. The company's net profit stood at Rs 51.6 crore in the year-ago period. Its revenue from operations, however, grew 7.55 per cent to Rs 1,203.6 crore in the third quarter of the ongoing fiscal from Rs 1,119.1 crore a year ago. The revenues were led by the company's BPM (Business Process Management) services, which raked-in a revenue of Rs 925.55 crore, according to the company. "Despite a challenging global macro-environment, HGS posted a resilient performance in the third quarter, continuing to build on our efforts to improve our topline and margins," Partha DeSarkar, Group CEO of HGS, said. DeSarkar added, "We saw a strong total revenue increase of 11.2 per cent year on year, led by growth in Canada, TekLink, and offshore businesses. Operating EBITDA (excluding other income) grew significantly by 39.9 per cent year-on-year and 18.1 per ce

Genesys Q3 results: PAT almost doubles at Rs 15.86 cr, revenue rises 9%

Digital mapping firm Genesys on Wednesday posted a net profit of Rs 15.86 crore for the December quarter. The company had posted a profit after tax of Rs 7.86 crore in the year-ago period. Genesys posted a 9 per cent rise in consolidated revenue to Rs 59.33 crore during the third quarter of the ongoing fiscal from Rs 54.42 crore a year ago. "This quarter has been highly successful for us as our 3D mapping and digital twin content platform are rapidly gaining traction, evident from our current business performance," Genesys International Chairman and Managing Director Sajid Malik said. "We've achieved significant milestones recently, including our partnership with Survey of India to revolutionise Indian mapping by creating digital twins of indian cities," Malik added.

BGR Energy Q3 results: Loss widens to Rs 691 cr, income almost doubles

BGR Energy Systems' loss widened to Rs 691.38 crore in the December quarter compared to the year-ago period mainly due to higher expenses. The consolidated net loss of the company was Rs 59.22 crore in the quarter ended on December 31, 2022, a BSE filing showed. Total expenses rose to Rs 1,031.38 crore in the quarter from Rs 334.29 crore in the same period of the last fiscal. Total income rose to Rs 472.68 crore in the quarter from Rs 258.02 crore in the same period a year ago. In another filing, the company stated that P R Easwar Kumar President & Chief Financial Officer has resigned on February 8, 2024. S Krishna Kumar President & Company Secretary/Compliance Officer has also resigned on February 9, 2024.

Nabard Q3 results: Net profit rises 34% to Rs 4,495 crore, income up 25%

The national developmental bank Nabard has reported a 34 per cent on-year rise in net profit at Rs 4,495 crore for the 2023 December quarter, helped by robust income growth and balance sheet expansion. In the year-ago period, it had booked Rs 3,345 crore in post tax profit. The bottom line expansion was led by a margin increase of 18 basis points to 1.53 per cent, a marginal improvement in gross bad loans at 0.27 per cent and zero net Non Performing Assets (NPAs). Total income of the bank rose 25 per cent to Rs 35,503 crore in the latest December quarter from Rs 28,463 crore. During the same period, expenses increased 23 per cent to Rs 29,496 crore from Rs 24,042 crore, its chairman Shaji K V told PTI on Wednesday. The city-headquartered bank saw its assets size rising 15 per cent to Rs 8,31,091 crore as of December 2023 and the chairman said the same is likely to cross Rs 9.05 lakh crore by March end. Of the total assets, its own funds rose 10 per cent to Rs 71,261 crore. On the

Shriram Properties Q3 result: PAT dips 17% to Rs 18 cr, income at Rs 240 cr

Shriram Properties Ltd on Wednesday reported a 17 per cent decline in profit after tax at Rs 18.48 crore in the quarter ended December 2023 and announced its entry into the Pune market with a real estate project worth Rs 1,300 crore. The company's net profit stood at Rs 22.36 crore in the year-ago period. The total income rose to Rs 240.57 crore in the third quarter of this fiscal, from Rs 222.01 crore in the corresponding period of the previous year, according to a regulatory filing. Shriram Properties said it is planning an entry into the Pune region, and has signed a Development Management (DM) agreement for the development of a residential project in Undri, Pune. The company has secured development rights under the DM model, and the project envisages the development of over 1.7 million square feet of residential area and 0.3 million square feet of commercial area. The project has sales value potential of over Rs 1,300 crore and is to be executed over the next 3-4 years, Shrira

NSE Q3 results: Profit rises 8% to Rs 1,975 cr, income at Rs 3,517 cr

The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023. The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added. During the first nine months of FY24, NSE contributed Rs 28,131 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 23,137 crore, Income tax (Rs 1,490 crore), Stamp duty (Rs 1,456 crore), GST (Rs 1,257 crore) and Sebi charges (Rs 791 crore). On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 80,512 crore, a growth of 50 per cent on a year-on-year (YoY) basis, equity futures reached an A

Walt Disney's stock soars on strong results ahead of face-off with Peltz

The entertainment giant issued an upbeat profit outlook for the year, giving Chief Executive Officer Bob Iger ammunition to deflect proxy challenges at its shareholder meeting this spring

Surya Roshni Q3 results: Net profit at Rs 90 crore; revenue falls 4%

Lighting products and pipe maker Surya Roshni Ltd on Thursday reported a muted growth in consolidated net profit at Rs 90.10 crore in the third quarter ended December 2023 on account of slowdown of demand. It had posted a consolidated net profit of Rs 89.66 crore in the October-December period a year ago, according to a regulatory filing from Surya Roshni. Its revenue from operations was down 4.13 per cent to Rs 1,937.80 crore during the quarter under review. It was at Rs 2,021.28 crore in the corresponding quarter. "The company reported a slight dip in revenue on account of slow down of demand of high value-added products in steel pipes business and flattish growth in lighting and consumer durables segment," the company said in an earnings statement. Total expenses of Surya Roshini were at Rs 1,820.52 crore, down 4.15 per cent in the December quarter. Surya Roshni's total income in the December quarter was at Rs 1,941.56 crore, down 3.98 per cent. Revenue from steel pipe and str

Global Health Q3 results: Profit up 52% at Rs 123 cr, revenue at Rs 833 cr

Global Health, which operates hospitals under the Medanta brand, on Thursday reported a 52 per cent increase in consolidated net profit at Rs 123 crore for the third quarter ended December 2023 on the back of increased in-patient volume and improved realisation. The healthcare provider had reported a net profit of Rs 81 crore in the year-ago period. Revenue from operations rose to Rs 833 crore in the third quarter of the current fiscal from Rs 694 crore in the year-ago period, the Gurugram headquartered firm said in a regulatory filing. "In Q3 FY2024, both our matured and developing units delivered robust revenue growth of 17 and 33 per cent year-no-year respectively," Global Health Ltd Group CEO and Director Pankaj Sahni said. The growth was primarily driven by increased in-patient volume and improved realisation, he added.

Aster DM Healthcare Q3 results: Profit rises 28.6% to Rs 179 crore

Consolidated net profit for the third quarter rose 28.6% to Rs 179 cr ($21.6 million), the company said on Thursday