Page 138 - Latest Updates on Q4 Results

Top headlines: Grasim Q4 net rises 13%; BSE sees a new milestone

Business Standard brings you the top news of the evening

Punjab & Sind Bank shares close over 4% higher after Q4 profit

Shares of Punjab & Sind Bank on Monday closed over 4 per cent higher as the company turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses. The stock rallied 7.33 per cent to Rs 21.95 during the day on the BSE. It closed at Rs 21.35, a gain of 4.40 per cent. On the NSE, it jumped 3.16 per cent to close at Rs 21.20. The state-run bank turned profitable in the fourth quarter of the financial year 2020-21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in financial year 2019-20. "The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of ...

Grasim Industries fourth quarter net profit rises 13.3% to Rs 2,616 cr

Grasim Industries' total expenses in the March 2021 quarter stood at Rs 20,887.16 crore, up 15.7 per cent as against Rs 18,053.40 crore a year ago.

Barbeque Nation reports net profit of Rs 6 cr in Q4; EBITDA up 128%

Its revenue from operations increased 19 per cent to Rs 226 crore for the quarter under review

HEG surges 10%, nears 52-week high ahead of March quarter results

HEG is scheduled to announce its March quarter results on Thursday, May 27, 2021

India Cements posts Rs 43.97 crore net profit in fourth quarter

This came on the back of strong sales.

Shares of Punjab & Sind Bank jump nearly 7% after turning profitable in Q4

Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to Rs 21.80 on BSE. On NSE, it jumped 6 per cent to Rs 21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in FY20. "The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of recoveries. "We were also able to arrest slippages to a great extent. This has helped in bringing down the credit costs, which enabled us to register profit,"

Chart check: SBI Q4 result fuels rally in PSU banks. Should you buy?

A breakout in SBI share may result in a rally towards Rs 450 levels

SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore

Amara Raja Batteries' Q4 net rises 38% to Rs 189 crore on robust sales

Net revenue from operations stood at Rs 2,103 crore as against Rs 1,581 crore in the fourth quarter of 2019-20

Shoppers Stop Q4 net loss narrows to Rs 24 cr; total income declines 3.7%

Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20.

State Bank of India Q4 profit up 80% at Rs 6,451 crore, beats estimates

Lender posts highest-ever full year net profit of over Rs 20,000 crore

Hindalco Industries Q4 consol PAT triples to Rs 1,928 cr on robust revenue

Company's net debt/EBITDA ratio at pre-acquisition levels of Aleris

SBI's March quarter showing impresses Street; stock jumps over 5%

Sequential comparisons indicate economic activity did not pick up

JSW Steel reports highest-ever profit at Rs 4,198 cr in Q4, up 1717% YoY

Revenue from operations came in at Rs 26,934 crore for the quarter under review, an increase of over 50 per cent year-on-year

Hindalco's Q4 consolidated net profit nearly triples to Rs 1,928 crore

Revenue from operations came in at Rs 40,507 crore for the quarter under review, an increase of 38 per cent from Rs 29,318 crore in the same period last year

SBI Q4 net profit jumps 80% YoY to Rs 6,451 crore on lower provisioning

During the quarter under review, the Mumbai-based lender's provisions and contingency fund dropped 18.11 per cent year-on-year (YoY) to Rs 11,051 crore

Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks

Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains

Torrent Power Q4 PAT at Rs 398 cr versus Rs 274 cr loss a year ago

However, due to Covid-19 and power sector stress, consolidated income rose marginally by three per cent

Zee Entertainment's Q4 profit at Rs 272 cr, ad revenue up marginally

Its total income during the quarter under review was Rs 1,984.39 crore against Rs 1,991.74 crore in the corresponding quarter