Page 52 - Latest Updates on Q4 Results

Ircon International Q4 results: Net profit rises 15% to Rs 286 crore

Ircon International Ltd on Tuesday said it has posted a 15.1 per cent growth in its profit after tax at Rs 285.68 crore during the March 2024 quarter. It had clocked Rs 248.18 crore profit after tax (PAT) during the January-March quarter of the 2022-23 financial year, Ircon International said in a statement. Profit after tax increased by 21.5 per cent to Rs 930 crore in FY24 as against Rs 765 crore in FY23. Total revenue of the company rose 0.6 per cent to Rs 3,796.59 crore from Rs 3,773.97 crore in the year-ago quarter. As on March 31, 2024, the company's total order book stood at Rs 27,208 crore. The company's board has recommended a final dividend of Rs 1.30 per equity share on a face value of Rs 2 per share for FY24. State-owned Ircon International Ltd is a leading turnkey construction company. The company has executed projects in the areas of railway construction, including ballastless track, electrification, tunnelling, signal & telecommunication.

Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore

Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy said in a statement. The company delivered strong revenues of Rs 1,699.2 crore, up 27.2 per cent year-on-year from Rs 1,336.3 crore in the year-ago period. This (revenue growth) was a result of solid order execution, reflecting a diverse revenue mix and focus on continuous improvement in operations, it said. The board of directors has recommended a final dividend of Rs 4 per share of face value of Rs 2 each, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). In the March quarter, the orders totalled Rs 1,406.7 crore, up 11.5 per cent from Rs 1,262 crore a year ago. "A strong revenue performance, helped by a favourable external environment helped to deliver double digit margins," Hitachi Energy In

JK Tyre & Industries Q4 results: Net profit rises 56.2% to Rs 169 cr

The tyre maker remains optimistic about the tyre demand outlook, driven by robust infrastructure spending and buoyant economic activities

Eris Lifesciences Q4 results: Net profit rises 8.41% to Rs 70.9 crore

On a sequential basis, the company exhibited a 13.2 per cent increase in revenue; however, the PAT declined by 30.96 per cent

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand

Consolidated net profit rose for the sixth straight quarter to Rs 169 crore ($20.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

Sun Pharma Q4 Preview: Profits may grow up to 41% on higher specialty sales

Sun Pharma is set to see a strong financial earnings on a year-on-year (Y-o-Y) basis for Q4FY23, showing a 8-14 per cent Y-o-Y jump in its topline

BHEL Q4 results: Net profit drops 26% to Rs 484 crore, revenue flat

BHEL Q4 FY24 results: The company board recommended a dividend of 25 paise for equity share of Rs 2 face value for financial year 2023-24

Stock Market Highlights, May 21: Market-cap of BSE-listed firms hits $5 trillion mark

Stock Market Highlights on Tuesday, May 21, 2024: The S&P BSE Sensex ended at 73,953, down 53 points, while the Nifty50 ended above 22,500, up 27 points

Welspun Enterprises Q4 results: Net profit drops 45% to Rs 77.67 crore

Welspun Enterprises on Tuesday reported a 45.4 per cent decline in consolidated profit to Rs 77.67 crore for the quarter ended on March 31, 2024. The company posted a consolidated profit of Rs 142.41 crore in the year-ago period. The consolidated income dropped to Rs 866.70 crore in the January-March quarter from Rs 916.46 crore in the year-ago period, according to an exchange filing by the company. Welspun Enterprises is an infrastructure developer with diversified portfolio of projects in infrastructure and energy sectors. Shares of the company tanked more than 8 per cent to trade at Rs 363.65 per share on BSE in the pre-close session.

Nifty Metal index hits record high on May 21; what's fuelling the rally?

The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25

Wheels India shares zoom 19% on healthy Q4 results; up 23% in 5 sessions

The uptick came after the company posted a strong set of Q4 numbers. Wheels India's net profit soared 79 per cent on a year-on-year (Y-o-Y) basis to Rs 38.3 crore

IRFC shares zoom 5% amid strong Q4 results, Rs 50,000 cr fund raise plan

The stock prices of IRFC zoomed after the public sector undertaking reported strong net profits in the fourth quarter of financial year 2023-24 (Q4FY24)

Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21

Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today

Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results

The stock of state-owned defence company is quoting higher for the sixth straight trading days and zoomed 26 per cent during the period

ONGC Q4 results: Net profit rises 78% to Rs 11,526 cr, dividend announced

ONGC's board has recommended final dividend at the rate of Rs 2.50 per equity share of face value

Dixon Technologies: Q4FY24 performance disappoints, valuation rich

The 5G rollout is opening demand for new devices. Scaling up in home appliances and laptops should also drive revenues

Whirlpool of India Q4 results: Net profit rises 24.7% to Rs 79.5 crore

Consumer durables maker Whirlpool of India Ltd on Monday reported a 24.7 per cent increase in consolidated net profit to Rs 79.45 crore in the March quarter. The company had posted a net profit of Rs 63.71 crore during the January-March quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Whirlpool's revenue from operations was up 3.66 per cent to Rs 1,734 crore during the quarter under review. It was at Rs 1,672.65 crore in the corresponding period of the previous fiscal. Its growth in profit was "driven by the volume growth, strong cost productivity actions leading to better margins and improved mix of premium and high margin portfolio," said an earning statement from the company. "While the market for refrigerators and washers was flattish, our market shares for Jan-March have grown significantly compared to the same period last year driving the modest revenue growth," it said. Whirlpool of India's total expens

BEL Q4 result: Net profit rises 30% to Rs 1,797 cr, revenue from ops up 32%

The BEL board has recommended a final dividend of Rs 0.80 per share for FY24 subject to approval by shareholders

SAIL Q4 results: Net profit falls 3% to Rs 1,126 cr on softer steel prices

The state-owned firm's consolidated net profit for the quarter ended March 31 declined to Rs1,126 crore ($135.22 million) from Rs 1,159 crore a year earlier

IRFC Q4 results: Net profit grows 34%, total income at Rs 6,478 crore

Indian Railway Finance Corporation (IRFC) Ltd on Monday reported a 34 per cent rise in its profit to Rs 1,717.3 crore for the March 2024 quarter on account of higher income. It had clocked a profit of Rs 1,285.2 crore during the fourth quarter of the last fiscal, the state-owned company said in a regulatory filing. The company's total income rose to Rs 6,477.9 crore in the January-March quarter from Rs 6,230.2 crore in FY23. During the period under review, its expenses stood at Rs 4,760.6 crore as against Rs 4,945 crore a year ago. Besides, the board of the company also approved a final dividend of 70 paise per share for the FY 2023-24. The board of directors also approved the raising of resources for the financial year 2024-25 up to Rs 50,000 crore from both domestic and international markets. It will be raised "through a prudent mix of tax-free bonds, taxable bonds on private placement or public issue basis", including capital gain bonds, government guaranteed bonds, and govern