Average revenue per user inches up to Rs. 209, from Rs. 208 in Q3
Bharti Hexacom on Tuesday posted over 10 per cent year-on-year rise in net profit for the March quarter to Rs 223 crore on the back of strong customer additions and ARPU increase in mobile services. The total revenue for the March quarter stood at Rs 1,868 crore, up 7.8 per cent over the corresponding period a year earlier. Bharti Hexacom, which offers consumer mobile services, fixed-line telephone, and broadband services in Rajasthan and the Northeast circles, reported a net profit of Rs 223 crore for the March quarter, up 10.2 per cent over the year-ago period. The board of the company also declared a final dividend of Rs 4 per fully paid-up equity share of face value of Rs 5 each. Mobile services revenues were up 6.8 per cent year-on-year, led by strong 4G/5G customer additions and increase in average revenue per user (ARPU), the company said. "Mobile revenues grew 6.8 per cent year-on-year on account of improved realisation as well as strong 4G/5G customer additions during the
Announces demerger of energy business into a separate listed entity, incremental capex of Rs 500 crore
Bajaj Electricals Ltd on Tuesday reported a 43.47 per cent decline in consolidated net profit to Rs 29.31 crore in the March quarter with revenue impacted by weakness in appliances and general trade. The company had posted a consolidated net profit of Rs 51.85 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Consolidated total revenue from operations in the quarter under review was Rs 1,188.08 crore as compared to Rs 1,291.97 crore in the same period a year ago, it added. Total expenses in the fourth quarter were lower at Rs 1,186.09 crore as compared to Rs 1,231.69 crore in the corresponding period a year ago. In the fourth quarter revenue dropped on account of weakness in appliances and general trade. Growth in fans and 'Morphy Richards' brand was offset by drop in appliances, the company said. The lighting solutions segment also witnessed a drop in revenue on account of LED price erosion in consumer lighting and higher base effect in professional ...
During the quarter, the company also invested in advertising and saw its ad spends increase by 18 per cent to Rs 168.9 crore in the quarter
Liquor maker Radico Khaitan Ltd on Tuesday reported a 26.43 per cent increase in consolidated net profit to Rs 53.91 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 42.64 crore in the same quarter a year ago, Radico Khaitan Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 3,894.64 crore as against Rs 3,375.36 crore in the year-ago period. In the fourth quarter, total IMFL (Indian-made foreign liquor) volume was at 7.16 million cases, down 1.2 per cent but prestige and above brands volume was at 2.92 million cases, up 14.2 per cent, the company said. Total expenses were higher at Rs 3,820.3 crore compared to Rs 3,325.37 crore in the corresponding period of the previous fiscal. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 262.17 crore, up from Rs 220.35 crore in the previous fiscal, the filing said. In FY24, consolidated revenue from operat
Peers Dhampur Sugar Mills and Dwarikesh Sugar Industries too reported a fall in their respective quarterly profits
India's real estate market is seeing a surge in demand for homes, particularly luxury properties. Unlike other segments, the luxury market seems unfazed by rising property prices
For the full year of FY24, the company posted a 14 per cent Y-o-Y decline in PAT and the revenue grew by 3.2 per cent reaching Rs 266.9 crore and Rs 2,327.8 crore respectively
Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement. The company said it received new orders worth Rs 5,184 crore. Revenue during the quarter stood at Rs 5,248 crore, a 19 per cent increase over Rs 4,400 crore in March quarter 2023. Managing Director and Chief Executive Officer Sunil Mathur said the second quarter showed a robust growth in revenues built off a strong order backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles, he stated. "Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and divid
Airtel Q4 FY24 results: The board has recommended a final dividend of Rs 8 per fully paid-up equity share of face value Rs 5 each for the financial year 2023-24
BASF India Ltd on Tuesday posted a 15.30 per cent jump in consolidated net profit at Rs 161.43 crore during the fourth quarter of the 2023-24 fiscal. Its profit stood at Rs 140 crore in the same quarter in the previous fiscal. Total income rose marginally to Rs 3,384.67 crore during January-March quarter of the 2023-24 financial year, from Rs 3,352.77 crore in the year-ago period, as per the regulatory filing. Expenses remained flat at Rs 3,165.34 crore in the said period. The company's shares rose 12.70 per cent to settle at Rs 4,615 apiece on the BSE.
Stock market highlights on May 14: The broader markets, meanwhile, outperformed the frontline indices as the BSE MidCap added 1.14 per cent, and the BSE SmallCap rose 1.8 per cent
The company reported a consolidated net loss of Rs 130 crore ($15.6 million) for the March quarter, missing analysts' estimate of a loss of Rs 83.59 crore, as per LSEG data
With the recent surge in commodity prices, particularly aluminum, zinc and silver, the company said it is going to unlock tremendous value.
Q4 FY24 results: Patanjali Foods, Zydus Wellness, Bajaj Electrical, Colgate-Palmolive too will release their fourth quarter results
In the past one week, Hero MotoCorp has outperformed the market by surging 13%, against near 1% decline on the Sensex, after the company reported a stellar performance for the March quarter.
The total consolidated income of Alembic rose by 30.7 per cent at Rs 51 crores in the March quarter of FY24 as against Rs 39 crores in the corresponding quarter of the previous fiscal year
On the bourses, Zomato was trading 1.39 per cent lower at Rs 191 per share, at 9:42 AM. By comparison, S&P BSE Sensex was up 0.11 per cent at 72,853.25 levels
All you need to know before the market opens on Tuesday, May 14: Gift Nifty hints a gap-up start; Zomato stock to react to Q4 earnings; Key levels to watch out on the Nifty, Bank Nifty.