Page 103 - Latest Updates on Q4 Results

Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes

Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts

Axis Bank shares slide 2.4% post Q4 results; what should investors do?

Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150

Glenmark Life rallies 10%, hits 52-week high on strong Q4FY23 results

In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex

Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route

The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route

Top headlines: I-T lens on big spenders, HBO finds home in India and more

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Q4 results: India's IT services biggies fail to meet expectations

Wipro net dips 0.4% in Q4, guides for revenue contraction in current quarter

Shriram Finance consolidated net rises 18% to Rs 1,288 crore in Q4

The non-banking finance company's total assets under management stood at Rs 1.86 trillion by the end of March 31

Axis Bank reports Rs 5,728-crore loss in Q4 on Citi biz acquisition

Barring the deal, Q4 net profit jumps 61% to Rs 6,625 crore

IHCL net profit rises four-fold to Rs 339 crore in Q4, total income jumps

Hospitality major IHCL on Thursday reported a four-fold rise in its consolidated net profit in the fourth quarter ended March at Rs 338.84 crore, as against Rs 71.57 crore a year-ago. During the entire financial year of 2022-23, the company swung into a profit of Rs 1,052.83 crore, from a loss of Rs 264.97 crore in the preceding fiscal, IHCL said. It's total income during the fourth quarter rose to Rs 1,654.54 crore, as against Rs 954.88 crore in the previous year. Puneet Chhatwal, Managing Director & CEO, IHCL, told PTI that one of the main reasons the sector is doing well is that demand is outbasing supply as not many hotels have been built in the last three years. Talking about the outlook for the hospitality sector, Chhatwal said it remains strong. He added that G20 and cricket world cup will drive demand in the coming months. "We are very hopeful and optimistic about foreign tourist arrivals going back to pre-Covid levels in the second half of the year," Chhatwal said. "IHC

After a muted Q4, high base could pose growth challenges for HUL

Muted volume growth, higher ad spends may be a drag on profitability

HUL Q4 results: Net profit rises 12.8% to Rs 2,600 crore, revenue up 10.5%

But volumes, top line, and operating performance below expectations

Tech Mahindra Q4 net profit down 27% YoY as clients cut spending

Attrition for quarter reduces to 15% from 24% last year, says company

LTIMindtree Q4 results: PAT up 0.5% YoY, dividend at Rs 40 per share

Revenue up by 11.9% Y-o-Y at Rs 8,691 cr

IT firm Coforge FY23 revenue up 24.6% at Rs 8,014.6 cr, profit grows 4.6%

Noida-based company's board recommended an interim dividend of Rs 19 per share

OYO turns cash flow positive for first time in March quarter: Reports

Hospitality tech firm OYO turned cash flow positive for the first time in the fourth quarter of FY2023. The company's Founder & Group CEO Ritesh Agarwal shared the update with OYO employees addressing a townhall virtually on Thursday, sources told PTI. The company is anticipated to end the quarter with nearly Rs 90 crore surplus cash flow, sources said, attributing the increase in bookings across all key geographies, especially in the Europe homes business that is witnessing unprecedented advance bookings both for the upcoming summer season peak and the relatively off-season period from November to March. The company's last reported treasury or cash corpus on the balance sheet is around Rs 2,700 crore. In a presentation shared in the townhall, Agarwal informed that OYO is expected to clock adjusted EBITDA of nearly Rs 800 crore for FY2024. In March, OYO refiled its Draft Red Herring Prospectus (DRHP) with the stock markets regulator Sebi under the recently introduced pre-filing ..

Wipro Q4 net profit dips 0.4% to Rs 3,074.5 crore; revenue rises 11.7%

The IT major also approved a share buyback for 2.69 crore shares at Rs 445 per share

Axis Bank reports wider-than-expected Q4 loss on $1.41 bn Citi deal

Axis reported a loss of Rs 5,728 crore ($700.1 million) for the three months ended March 31, compared to a profit of Rs 4,118 crore a year earlier

Tech Mahindra Q4 results: PAT drops 26% YoY, dividend at Rs 32/share

The company reported increase in revenue by 19.4 per cent

Bajaj Finserv net profit rises 31%, announces dividend of Rs 0.8 per share

Bajaj Finserv's total income during the quarter rose 25 per cent to Rs 18,862 crore as compared to Rs 23,625 crore last year

Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649