Page 56 - Latest Updates on Q4 Results

LIC Housing Finance Q4 result: Net profit down 7.5% to Rs 1091 cr

Mortgage financier LIC Housing Finance on Wednesday reported a 7.5 per cent decline in its profit at Rs 1,091 crore in the fourth quarter ended in March 2024. LIC promoted housing finance company had reported a profit of Rs 1,180 crore in the year ago period. The total income increased to Rs 6,937 crore during the quarter under review against Rs 6,415 crore in the same period last year, LIC Housing Finance said in a regulatory filing. The interest income of the company rose to Rs 6,888 crore as against Rs 6,378 crore in the fourth quarter of previous year. During the quarter ended March 31, 2024, the company has reversed a provision of Rs 31.56 crore in respect of Investment in Alternate Investment Funds (AIFs) pursuant to the RBI circular dated March 27, 2024, it said. With regard to asset quality, LIC Housing Finance witnessed improvement with gross non-performing assets (NPAs) to 3.31 per cent from 4.41 per cent at the end of March 2023. The net NPA of the company too declined

Brush with competition could hurt paint maker Kansai Nerolac's margins

Company's Q4 revenue was below estimates; its costs to maintain market share have increased

Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore

Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the corresponding period of the previous year. Total expenses in the fourth quarter were higher at Rs 2,274.13 crore as compared to Rs 2,178.58 crore a year ago. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 1,169.82 crore, up from Rs 860.4 crore in the preceding year, the company said. In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore as against Rs 10,567.84 crore in FY23. The board of directors of the company, at their meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of the

CMS Info Systems Q4 results: Net profit jumps 23% to Rs 99.4 crore

Banking logistics and technology player CMS Info Systems on Wednesday reported a 23 per cent jump in its March quarter net profit at Rs 99.4 crore. The company had reported a post-tax profit of Rs 80.6 crore in the year-ago period. The company reported a 25.1 per cent growth in revenue to Rs 627 crore for the March quarter compared to the year-ago period. For 2023-24, its net profit moved up to Rs 374.5 crore from Rs 304.2 crore on the back of an 18.3 per cent growth in revenue to Rs 2,265 crore. Its executive vice chairman and chief executive vice chairman Rajiv Kaul said the current split between the managed services and technology solutions (41 per cent) and the cash business (61 per cent) will broadly remain unchanged in the new fiscal as well. Kaul said that the topline will touch the upper end of the previously announced guidance to have the revenues at Rs 2,500-2,700 crore. The company has cash and equivalents of over Rs 780 crore and is debt-free on a net basis, Kaul said

Thomas Cook India Q4 result: PAT at Rs 58 cr, total income up 27.84%

Travel services provider Thomas Cook (India) Ltd on Wednesday reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. The company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Thomas Cook (India) said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 1,692.61 crore against Rs 1,323.94 crore in the corresponding period of the previous fiscal, it added. The total expenses in the fourth quarter were higher at Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 271.11 crore against Rs 10.37 crore in the previous year. In FY24, the consolidated total income stood at Rs 7,435.65 crore compared to Rs 5,111.2 crore in FY23, the company said. The company said its board of directors has recommended a dividend of 60 paisa per equity share of face value Re 1, including a special

NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income

State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said in a filing to the BSE. In a statement the company said its profit after tax for the year ended March 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended March 31, 2023, registering a growth of 31 per cent. The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

Mankind Pharma Q4 results: Net profit up by 62%, revenue rises by 18.9%

Mankind's revenue from operations rose to Rs 2,441 crore in Q4 FY24, an 18.9 per cent Y-o-Y rise from Rs 2,052 crore reported in Q4 FY23

Keystone Realtors FY24 profit up 36.92% at Rs 112.21 crore

Sales rose 224.10% to Rs 2,222.25 crore in the year ended March 2024 as against Rs 685.66 crore during the previous year ended March 2023

Power Finance Corporation Q4 result: Net profit up 23% at Rs 7,556 cr

The company is expected to borrow around Rs 1 trillion to 1.20 trillion in the financial year

Jindal Stainless Q4 results: Net profit declines 30% to Rs 500 crore

Jindal Stainless on Wednesday reported a 30 per cent fall in consolidated net profit to Rs 500.65 crore for the March quarter on account of lower income. It had clocked Rs 716.29 crore net profit during the fourth quarter of FY23, the company said in an exchange filing. The company's total income also decreased to Rs 9,509 crore from Rs 9,803.01 crore in January-March FY23. During the period under review, its expenses stood at Rs 8,805.55 crore against Rs 8,885.45 crore a year ago. The board of the company also recommended a final dividend of Rs 2 per equity share for the financial year ended March 31, 2024. Jindal Stainless is the country's largest stainless steel making company.

MakeMyTrip's Q4 profit jumps multifold to $172 mn on tax credit gains

Nasdaq-listed MakeMyTrip Ltd on Wednesday reported a multi-fold jump in profit at USD 171.9 million in the March 2024 quarter, aided by gains on tax credit and convertible notes value. The company had posted a profit of USD 5.4 million in the same quarter previous fiscal, MakeMyTrip said in a statement. Profit for the fourth quarter included a one-time credit of USD 126.1 million on recognition of deferred tax assets and a one-time gain of USD 30.6 million due to the change in carrying value of the company's convertible notes due 2028 measured at amortised cost, it added. Gross bookings in the quarter stood at USD 2,039 million as compared to USD 1,673.9 million in the year-ago period, it added. In FY24, profit was at USD 216.7 million. The company had posted a loss of USD 11.2 million in FY23. Gross bookings for FY24 stood at USD 7,954.4 million as against USD 6,566.2 million in FY23, the company said. "Our strategy to serve millions of our customers and first-time travellers th

M&M Q4 Preview: Profit may decline despite up to 8% rise in revenue

The automaker may register 4-6 per cent decline Y-o-Y in its adjusted profits, falling in the range of Rs 1,808 crore to Rs 1,980 crore, according to brokerage estimates

Stock Market Highlights, May 15: Mid, SmallCap indices shine, Benchmarks end listless

Stock Market LIVE updates on Wednesday, May 15, 2024: Among sectors, the Nifty PSU Bank index added 1.4 per cent, followed by the Nifty Realty (1 per cent)

This Kirloskar Group stock has surged 46% in 3 weeks; up 91% in 2 months

Kirloskar Pneumatic Company stock update: Shares of Kirloskar Pneumatic Company (KPCL) hit a record high of Rs 1,1660, and were locked at the 10 per cent upper circuit on the BSE in Wednesday's deals.

Oberoi Realty rallies 7%, hits 52-week high on stellar Q4 performance

The Mumbai based developer reported a 64 per cent year-on-year increase in net profit, reaching Rs 788 crore. Total income for the same period surged by 56 per cent to Rs 1,558 crore

Radico Khaitan stock surges 4% on strong Q4 performance

The company's consolidated revenue from operations stood at Rs 3,894.6 crore in Q4FY24, as opposed Rs 3,375.4 crore in Q4FY23

Q4 FY24 results: RVNL, MOIL, Biocon among 84 firms to post earnings today

Q4 FY24 company results: Dixon Technologies, Jindal Stainless, Power Finance Corporation, Thomas Cook will also release their financial results

Bharti Airtel surges 2% on mixed bag of Q4 performance

Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)

Siemens stock soars 9% on strong Q2 results; demerger of energy business

Siemens stock update: In past three trading days, Siemens stock has rallied 17 per cent, while, in past one month, it has zoomed 33 per cent.

Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses

The Ruchi Gold oil maker's profit fell to Rs 206 crore (around $25 million) for the quarter ended March 31, from Rs 264 crore a year earlier