Page 108 - Latest Updates on Q4 Results

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

KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results

For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.

IIFL Finance Q4 profit rises 16% to Rs 269 cr, total income at Rs 1,079 cr

IIFL Finance on Wednesday reported 16 per cent jump in standalone net profit at Rs 269 crore for March quarter 2022-23. The non-banking financial company had posted a net profit of Rs 231 crore for the year-ago period. Total income during January-March last fiscal rose to Rs 1,092 crore from Rs 1,079 crore, IIFL Finance said in a regulatory filing. Interest income rose to Rs 905.67 crore during the quarter as against Rs 857.64 crore in the year-ago period. During the year ended March 31, 2023, the company declared and paid an interim dividend of Rs 4 per equity share of face value of Rs 2 each, and the same is considered as final, it said.

LTTS Q4 net profit rises 18% at Rs 309.6 cr, to hire 2,000 people in FY24

L&T Technology Services (LTTS) on Wednesday reported an 18 per cent growth in its March quarter net profit at Rs 309.6 crore. The engineering services company's post tax net profit in FY23 rose 22 per cent to Rs 1,169.8 crore. For the reporting quarter, the company's revenues grew 19 per cent to Rs 2,096.2 crore while the operating profit margin was stable at 18.7 per cent. The company's managing director and chief executive Amit Chadha told PTI that it will be targeting a revenue growth of more than 20 per cent in FY24. The operating profit margin may come down to 17 per cent primarily because of amortisation pressures from acquisitions and low margin intensity of the newly acquired Smart World and Communication business of the parent L&T. The operating profit margin will go into the 18 per cent range by the first half of FY26, he said, adding that the company has made rapid strides on the profitability front during the Covid period and will get the number up again. The ...

Indus Towers Q4 net profit dips 23% to Rs 1,399 cr on drop in revenue

Net profit for the quarter stood at Rs 1399 crore compared to Rs 1829 crore in the same period last year

SBI Life Q4 Results: Profit rises 15%, new business premiums rose 27%

The net premium income for the reporting quarter jumped 14% to Rs 19,897 crore as against Rs 17,434 in the year-ago period

L&T Tech Services sees 20% FY24 revenue growth, posts profit beat in Q4

In Q4FY23, the company won a $40-million deal and three $10-million-plus TCV deals