Page 109 - Latest Updates on Q4 Results

Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses

CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.

PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%

At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent

Zee Entertainment falls 3% as nearly 6% equity change hands via block deals

At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE

Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show

Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.

Infosys tanks 12%, hits 52-week low on disappointing March quarter results

The company's performance was subdued owing to unplanned project ramp-downs and delays in decision-making by the clients.

TCS, Infosys results signal subdued Q4 for IT pack, say experts

The results of top-tier companies TCS and Infosys have tripped on global uncertainties and missed street estimates, setting a subdued tone for Q4 show by the IT pack, and experts see choppy 1-2 quarters for the industry but are hopeful of subsequent recovery. The earnings' season started on a sombre note with the Q4 scorecards that fell short of expectations, but more importantly the management commentary of India's top two IT services companies was punctuated with words of caution about prevailing customer sentiments across BFSI, technology services and certain other verticals, particularly in the US. While Infosys top brass spoke of "unplanned project ramp downs and decision making delays by some customers", Tata Consultancy Services (TCS) talked of some clients deferring newer, non-critical initiatives. Industry veteran and former Infosys director T V Mohandas Pai says Q4FY23 will be subdued for IT players but that extent and impact will depend on profile and strategy of individu

HDFC Bank recommends 1900% dividend from net profits of FY23

The dividend benefit was taken during the meeting held on Saturday during which HDFC Bank also fixed a record date for the said dividend

HDFC Bank Q4 net profit up 19.8% to Rs 12,047 cr on healthy loan growth

The bank's total balance sheet expanded by 19.2% to Rs 24.6 trillion

HDFC Bank Q4 net rises 20% to Rs 12,594 cr, GNPA ratio improves to 1.12%

HDFC Bank on Saturday reported a 20.60 per cent growth in its consolidated net profit to Rs 12,594.47 crore for the March 2023 quarter. The country's largest private sector lender had reported a net profit of Rs 10,443.01 crore for the January-March period a year ago and Rs 12,698.32 crore in the preceding December quarter. For FY23, the bank reported a net profit of Rs 45,997.11 crore against Rs 38,052.75 crore in FY22. On a standalone basis, the bank reported a 19.81 per cent rise in its net profit to Rs 12,047.45 crore. Its overall income on a standalone basis grew to Rs 53,850 crore compared to Rs 41,086 crore in the year-ago period. The overall provisions for loan losses and other aspects stood at Rs 2,685.37 crore for the reporting quarter against Rs 3,312.35 crore a year ago. The gross non-performing assets ratio improved to 1.12 per cent at the end of March from 1.17 per cent a year ago and 1.23 per cent in December 2022.

Den Network's Q4 net profit rises over two-fold to Rs 126.20 crore

Den Networks Ltd on Friday reported an over two-fold jump in its consolidated net profit to Rs 126.20 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 48.61 crore during the January-March quarter of FY22, Den Networks said in a regulatory filing. Its revenue from operations fell 6.77 per cent to Rs 282.90 crore during the quarter under review against Rs 303.46 crore in the corresponding period of the previous fiscal. The company's revenue from the Cable distribution network business was Rs 273.62 crore and Rs 9.28 crore from the Broadband business during Q4 FY23. Den Networks' total expenses dropped 1.68 per cent to Rs 276.59 crore in Q4 FY23. Its consolidated net profit for the financial year ended March 31, 2023, rose 38.15 per cent to Rs 236.35 crore. It was Rs 171.07 crore in FY22. The revenue from operations declined 7.76 per cent to Rs 1,130.47 crore in FY23 from Rs 1,225.59 crore a year ago.

Q4 results: Infosys slashes FY24 revenue growth guidance to 4-7%

India's second-largest IT services company misses estimates on revenue growth and net profit

TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts

TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term

Infosys Q4 results: Net profit rises 7.8% to Rs 6,128 cr; revenue up 16%

The company recommended a final dividend of Rs 17.50 per equity share for the financial year ended March 31, 2023

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions

HDFC Bank preview: Near-term focus, analysts said, would be the status of the merger with HDFC Ltd

Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless

Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).

Anand Rathi Wealth's profit surges 33% in FY23, revenue rises 31%

According to the company, the assets under management increased 18 per cent during the year to Rs 39,000 crore

TCS Q4 net up 15% to Rs 11,392 cr; meets estimates but revenue disappoints

Revenue for Q4FY23 grew 16.9% YoY to Rs 59,162 cr, but missed Bloomberg estimate

TCS Q4 Results: Net profit up 14.8% at Rs 11,436 cr; dividend Rs 24 a share

The net profit for Q4FY23 has increased by 14.8 per cent on a year-on-year (YoY) basis from Rs 9,959 crore in Q4FY22

Anand Rathi Wealth Q4 profit rises 23% to Rs 43 cr; dividend Rs 7 per share

Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Wednesday reported a 23 per cent jump in its profit after tax at Rs 42.7 crore during the three months ended March 2023. In comparison, the company had posted a PAT (profit after tax) of Rs 34.6 crore during the same quarter of the preceding fiscal, Anand Rathi Wealth said in a regulatory filing. Total revenue rose by 28 per cent to Rs 146.8 crore during the period under review from Rs 114.6 crore in the quarter ended March 31, 2022. Feroze Azeez, Deputy Chief Executive Officer at Anand Rathi Wealth, attributed the robust quarterly numbers to a slew of factors including the addition of Relationship Managers (RMs). For the financial year 2022-23, the company's PAT has surged by 33 per cent to Rs 168.6 crore and total revenue increased by 31 per cent to Rs 558.3 crore. Moreover, the number of active client families went up by 18 per cent to 8,352. "This growth reflects the effectiveness of developing