Page 100 - Latest Updates on Q4 Results

Q4 results: Private sector banks post 9.7% decline in net profit

Axis bank's one-time charge for Citibank's consumer biz acquisition shows impact Annual profit grow by hefty 25.3% in Fy23

Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand

Apollo also recommended a final dividend of Rs 4 per share

Godrej Agrovet Q4 consolidated net profit declines 83% to Rs 23.47 crore

Godrej Agrovet on Tuesday reported an 83.21 per cent decline in consolidated net profit at Rs 23.47 crore in the quarter ended March 31, 2023. The company's net profit stood at Rs 139.81 crore during the corresponding period of 2021-22, according to a regulatory filing. Revenue from operations of the company during the quarter under review was almost flat at Rs 2,088.80 crore as against Rs 2,075.62 crore in the year-ago period. In FY23, Godrej Agrovet's net profit fell 29.53 per cent to Rs 295.36 crore as compared with Rs 419.15 crore in FY2021-22. Revenue from operations of Godrej Agrovet in FY23 grew 12.78 per cent to Rs 9,352.81 crore from Rs 8,292.93 crore a year ago. Shares of the company on Tuesday settled 0.45 per cent down at Rs 438.05 apiece on the BSE.

Eveready Industries posts Rs 14.4 crore net loss in Jan-Mar quarter

Leading battery and flashlights maker Eveready Industries India Ltd on Tuesday reported narrowing of its consolidated net loss to Rs 14.39 crore for the quarter ended March 2023. The company had posted a net loss of Rs 38.41 crore in the January-March period a year ago, it said in a regulatory filing. However, its revenue from operations was up 18.62 per cent to Rs 286.17 crore during the quarter under review as against Rs 241.23 crore in the year-ago period. "PAT (Profit After Tax) for the quarter and FY23 was impacted adversely by a non-cash charge of Rs 17.4 crore against unamortised front-end fees for loans repaid during the quarter and the full year," it said. Total expenses of the company, controlled by the Burman family, rose 6.31 per cent to Rs 312.92 crore in the fourth quarter ended March 2023. In the latest March quarter, Eveready's total income jumped 21.32 per cent to Rs 293.81 crore. "Each of the company's three segments saw growth during Q4 -- batteries at 21 per c

McDonald's India franchisee Westlife misses profit view as inflation bites

Westlife Foodworld Ltd, which owns franchise for McDonald's Corp in west and south India, reported a smaller-than-expected jump in fourth-quarter profit

SRF posts 7% fall in profit on packaging margin hit in Jan-Mar quater

Consolidated net profit after tax stood at 5.62 billion rupees ($68.7 million) for the three months ended March 31, compared with 6.06 billion rupees a year earlier

Raymond Q4 results: Consolidated net profit falls 26% to Rs 194 crore

Raymond Q4 results: In 2022-23 (FY23) the net profit more than doubled to Rs 529 crore from Rs 260 crore in FY22

T D Power Systems posts 43% jump in net profit at Rs 35 crore in Q4FY23

T D Power Systems on Tuesday posted over 43 per cent jump in its consolidated net profit at Rs 35.35 crore in the March 2023 quarter year-on-year, mainly on the back of higher revenues. The company had recorded a consolidated net profit of Rs 24.66 crore in the quarter ended on March 31, 2022, a BSE filing showed. Total income rose to Rs 256.31 crore in the quarter from Rs 235.59 crore in the same period a year ago. The consolidated net profit in the fiscal 2022-23 also rose to Rs 96.81 crore from Rs 70.64 crore in the previous financial year. Total income rose to Rs 892.05 crore in FY23 from Rs 814.13 a year ago. The company said its board has recommended a final dividend of Rs 0.50 (50 paise) per equity share of face value of Rs 2 each for the financial year ended March 31, 2023. The said dividend, if declared at the ensuing annual general meeting (AGM) of the company, will be paid within 30 days from the date of AGM.

Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results

Deal signings during the quarter at $286 million TCV have been the best during the year under review, Birlasoft said

L&T Q4 preview: Strong order inflow may drive profit up to 90% higher QoQ

Larsen & Toubro Q4 result preview: BNP Paribas expects total order inflow to cross Rs 76,000 crore during the quarter

Apar Industries slips 18% on profit booking posts Q4 results

In past one year, the stock zoomed 341 per cent, as against 14 per cent rise in the S&P BSE Sensex.

Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4

The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.

Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus

The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

HFCL consolidated net profit rises 15.5% Y-oY to Rs 79 cr in March quarter

Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter ended March 2023. HFCL Managing Director Mahendra Nahata said the company remains focused on its strategy of increasing revenue from margin accretive products, expansion of capacities coupled with high-level backward integration, huge impetus on R&D, increased customer base and geographical expansion. "Amid the global economic challenges, India remains a promising economy and is expected to emerge as the fastest-growing in the world. Our company has also been able to withstand the economic challenges and has shown sturdy performance in FY22-23," Nahata said in an earnings statement. For the full FY2023, the net profit fell 2.5 per cent to Rs 317.7 crore against about Rs 326 crore

MF transfer agency CAMS profit marginally rises to Rs 75 crore in Q4FY23

Registrar and transfer agent for mutual funds CAMS on Monday reported a marginal rise in profit after tax to Rs 74.61 crore for the three months ended March. In comparison, the company had posted a profit after tax of Rs 73.84 crore in the same quarter of the preceding fiscal, Computer Age Management Services Ltd (CAMS) said in a statement. Its revenue rose 2.5 per cent to Rs 249.24 crore in the quarter under review from Rs 243.18 crore in the year-ago period. Anuj Kumar, Managing Director of CAMS Ltd, said that despite the volatile market situation, individual investor confidence remained high with stable equity net inflows supported by strong SIP (Systematic Investment Plan) collections of nearly Rs 8,500 crore every month. New SIPs, clocking 13.5 lakh-plus monthly registrations, is another key trend pointing to mutual funds as the preferred route for long-term investors, he said. The company said it has recommended a final dividend of Rs 12 per share. For the full financial ye

Kansai Nerolac Paints Q4 net profit jumps five-fold to Rs 96 crore

Kansai Nerolac Paints Ltd on Monday reported over five-fold growth in its consolidated net profit to Rs 96.24 crore for the fourth quarter ended March 2023. The company had posted a consolidated net profit of Rs 19.17 crore in the January-March period a year ago, Kansai Nerolac Paints Ltd (KNPL) said in a regulatory filing. Its revenue from operations surged 12.81 per cent during the quarter under review to Rs 1,733.59 crore. It was Rs 1,536.60 crore in the corresponding period last fiscal, it added. The total expenses were 7.61 per cent higher at Rs 1,618.08 crore compared to Rs 1,503.54 crore in Q4 FY22. KNPL's total income in the March quarter was at Rs 1,743.29 crore, up 13.52 per cent. KNPL Managing Director Anuj Jain said all businesses have done well in the March quarter. "Though raw material prices have softened, for the year, inflation is still positive. Judicious cost management efforts were continued. This along with various initiatives undertaken in previous quarters

Carborundum Universal reports profit more than double to Rs 137 cr in Q4

On a consolidated basis, profitability for the year recorded a strong growth across electrominerals and ceramics segments

VIP Industries posts net loss of Rs 4.26 crore in Q4; revenue up 26.6%

Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, its revenue from operations increased 26.6 per cent to Rs 450.57 crore during the quarter under review against Rs 355.90 crore in the year-ago period. During the quarter, VIL reported a loss of Rs 47.21 as an exception item. This was related to a loss of property, plant and equipment and inventories that were destroyed due to a major fire at a plant of the company's subsidiary in Bangladesh on January 31, 2023. VIL's profit before exceptional items stood at Rs 40.79 crore. This is "reflective of enhanced cost efficiencies across the value chain and strategic shift to in-house manufacturing coupled with softening trend on input costs," said VIL Managing Director Anindya ..

Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore

The company's board of directors recommended a dividend of Rs 11 per share

Indian Bank logs Rs 5,281 cr net profit, plans to raise Rs 7,000 cr funds

Indian Bank closed FY23 with a net profit of Rs 5,281.70 crore and plans to raise about Rs 7,000 crore through equity and bond issues.