Page 107 - Latest Updates on Q4 Results

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

L&T Technology Services soars 8% on healthy Q4 results, strong outlook

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.

Coforge Q4 net profit drops 45%; full year revenue crosses $1 bn mark

Coforge said it expects full-year revenue growth of 13% to 16% in constant currency terms

Should investors worry about the slowing AUM growth at Bajaj Finance?

Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said

JTL Industries net profit doubles to Rs 36.65 cr in Jan-Mar quarter

Steel pipes maker JTL Industries Ltd has posted a Rs 36.65 crore consolidated net profit during the fourth quarter of financial year 2022-23, on account of higher income. At Rs 36.65 crore, the net profit was almost double of Rs 18.94 crore during the January-March period of fiscal year 2021-22, JTL Industries said in a regulatory filing on Wednesday. During the quarter under review, the company's total income also rose to Rs 473.09 crore, from Rs 417.64 crore in the year-ago quarter. While the company's total expenses rose to Rs 422.73 crore in the period under review, from Rs 392.94 crore a year ago. According to the filing, the board of the company has also recommended a dividend of Rs 0.20 per equity share of face value of Rs 2 for the financial year ended March 31, 2023. JTL Industries Ltd (formerly known as JTL Infra Ltd) is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 5.85 lakh metric tons per annum.

HUL Q4 net profit up 10% YoY, FMCG giant declares dividend of Rs 22/share

In the quarter, the FMCG giant reported a net profit of Rs 2,552 crore, up from Rs 2,327 crore last year

Coforge net profit falls 44.7%; IT firm declares dividend of Rs 19/share

On the milestone of crossing the revenue mark of $ 1 billion, the company will gift an Apple iPad to each of its employees

ITC extends rally, hits new high; surges 25% so far in calendar year 2023

Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.

Voltas shares decline nearly 3% after March quarter earnings announcement

Shares of Voltas Ltd fell by nearly 3 per cent on Thursday morning trade after the air conditioning maker reported a decline of 21.6 per cent in its consolidated net profit in the March 2023 quarter. The stock fell by 2.85 per cent to Rs 830.60 on the BSE. At the NSE, it declined 2.82 per cent to Rs 830.50. Voltas Ltd on Wednesday reported a decline of 21.6 per cent in its consolidated net profit at Rs 143.23 crore in the March 2023 quarter, due to provisions made on delayed collection in the international project business. The Tata group firm had posted a consolidated net profit of Rs 182.71 crore in the year-ago period, the company said in a regulatory filing. Revenue from operations of Voltas was up 11.5 per cent to Rs 2,936.76 crore during the period under review, as against Rs 2,633.72 crore a year ago. "Profit before and after taxes were impacted during the current quarter due to provisions made on delayed collection in the international project business," Voltas said in it