Page 106 - Latest Updates on Q4 Results

IT mid-caps stick to steady growth amid uncertain macroeconomic environment

Firms such as Persistent Systems (Persistent), Coforge, KPIT Technologies (KPIT), and Cyient performed better on key performance metrics

Kotak Mahindra Bank Q4 consolidated net rises 17.3% to Rs 4,566 crore

Uday Kotak said the bank can grow on a sustainable basis at 1.5-2 times the nominal growth of the country's Gross Domestic Product (GDP) of 11-11.5 per cent

Central Bank of India Q4 profit surges 84% to Rs 571 cr as bad loans fall

Central Bank of India on Saturday reported 84.19 per cent jump in net profit at Rs 571 crore for the quarter ended March 2023 as bad loans fell. The bank's net profit was Rs 310 crore in January-March 2021-22. "Operating profit has shown a growth of 16.27 per cent on year-on-year basis to Rs 2,108 crore for Q4FY23 as against Rs 1,813 crore for Q4FY22," the bank said in a statement. Net Interest Income (NII) grew 45.35 per cent on annual basis to Rs 3,513 crore in fourth quarter of FY23 as against Rs 2,417 crore. Net revenue (interest income plus other income) for fourth quarter of 2022-23 improved by 33.44 per cent to Rs 8,567 crore from Rs 6,420 crore in the year-ago period. The bank further said its net profit was up 51.39 per cent at Rs 1,582 crore in 2022-23. It was Rs 1,045 crore in 2021-22. The bank's gross non-performing assets stood at 8.44 per cent in fourth quarter of the last fiscal, down from 14.84 per cent in the year- ago period, as per a stock exchange filing of t

IDFC First Bank Q4 profit after tax more than doubles to Rs 803 crore

Private sector lender IDFC First Bank on Saturday reported a 134 per cent jump in profit after tax (PAT) to Rs 803 crore for the March 2023 quarter, driven by strong growth in core operating income. The bank's net profit was Rs 343 crore in the year-ago period. "Net Profit for the year stood at Rs 2,437 crore compared to Rs 145 crore in FY22," the lender said in a statement. The bank's core operating profit grew by 61 per cent year-on-year to Rs 1,342 crore. The bank has registered its highest-ever quarterly profit in Q4 FY23 and highest-ever yearly profit in 2022-23. Net Interest Income (NII) for the year grew 30 per cent to Rs 12,635 crore in FY23 from Rs 9,706 crore in FY22. On a quarterly basis, NII grew 35 per cent to Rs 3,597 crore in the January-March period of 2022-23 from Rs 2,669 crore in the fourth quarter of FY22. Gross non-performing advances improved to 2.51 per cent in the fourth quarter from 3.7 per cent in the year-ago period, as per the bank's filing on ...

IDBI Bank Q4 net up 64% to Rs 1,133 cr; proposes dividend of Rs 1 per share

Its capital adequacy ratio stood at 20.44 per cent with Common Equity Tier of 18.08 per cent at the end of March 2023

RBL Bank Q4 net rises 37% to Rs 271 cr; targets 20% credit growth in FY24

Private sector lender RBL Bank on Saturday reported a 37 per cent growth in the March 2023 quarter net profit to Rs 271 crore on lower provisions. For the entire FY23, the bank posted a net profit of Rs 883 crore against a loss of Rs 75 crore in the year-ago period, which also witnessed a management change at the firm after regulatory actions. In the reporting quarter ended March 31, its core net interest income grew 7 per cent to Rs 1,211 crore on the back of a 17 per cent rise in advances and a marginal widening in the net interest margin at 5.04 per cent. Its managing director and chief executive R Subramaniakumar explained that the NII growth has been limited because, in the year-ago period, it had to recognise a Rs 72 crore due on restructured loans in the interest income line on the recommendation of the auditors, which increased the base. Excluding this item, the NII growth would have come at 12 per cent, he said. The other income grew 32 per cent to Rs 674 crore for the ..

Ramkrishna Forgings Q4 profit falls 23% to Rs 68 cr; income up Rs 893 cr

Ramkrishna Forgings on Saturday reported a profit after tax of Rs 68.45 crore during the March 2023 quarter, on account of higher expenses. At Rs 68.45 crore, the profit after tax (PAT) was 23 per cent lower from Rs 83.93 crore in January-March period of the preceding 2021-22 fiscal, Ramkrishna Forgings said in a statement. For the whole financial year (FY) 2022-23, the company's PAT rose to Rs 248.10 crore from Rs 198.02 crore during FY22. Its total income, however, increased to Rs 893.43 crore from Rs 718.72 crore in the year-ago quarter. During January-March 2023, the company's expenses also rose to Rs 786.98 crore from Rs 643.69 crore in the corresponding quarter of the preceding fiscal. According to the statement, the company's board has approved an interim dividend of Re 0.50 per equity share of Rs 2 each for financial year 2022-23. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited, said: "Our strategy to expand our product offering in conjunction with the high .

SBI Card Q4 net up 3% to Rs 596 cr on rise in finance, operating costs

Impairment losses and bad debts expenses increased by 60 per cent at Rs 630 crore in Q4 against Rs 393 crore in the same period a year ago

SBI Card reports surprise Q4 profit growth on higher consumer spending

Profit after tax for the quarter ended March 31 rose 2.7% to Rs 596 crore from the previous year, while analysts had expected decline in profit to Rs 542 crore

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore

During the quarter under review, the bank's total income increased 31 per cent to Rs 763 crore from Rs 583 crore in the fourth quarter of 2021-22

UltraTech Q4 net profit falls 36% to Rs 1,670 cr, revenue up 17.7%

Its revenue for operation in FY23 increased 20.23 per cent to Rs 63,239.98 crore against Rs 52,598.83 crore a year ago

Sensex soars 463pts, ends atop 61K; Nifty tops 18050; mid-, smallcaps shine

CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday

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

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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