All you need to know before the market opens on Friday: Dow Jones tumbled 1.5 per cent last night as fears of delayed Fed rate cut resurfaced; Asian markets down around 1 per cent.
Set to offer business class by end of this year
The company's consolidated revenue from operations grew 21 per cent year-on-year (Y-o-Y) to Rs 471.1 crore in Q4, up from Rs 387.9 crore a year ago and Rs 488.2 crore in Q3 FY24
The heavy-lifting cigarettes segment clocked a 7.5 per cent Y-o-Y growth in revenue at Rs 8,688.92 crore in Q4 FY24
The company's revenue from operations rose to Rs 1,786 crore in Q4 FY24, an 8.7 per cent Y-o-Y rise from Rs 1,643 crore reported in Q4 FY23
For financial year FY24, its consolidated net profit rose to Rs 152.24 crore up from Rs 136.72 crore in FY23
Fortis Healthcare Ltd on Thursday reported a 46.88 per cent increase in consolidated net profit at Rs 203.14 crore in the fourth quarter ended March 2024 on the back of higher revenue from its core business. The company had posted a consolidated net profit of Rs 138.3 crore in the same quarter a year ago, Fortis Healthcare said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,785.88 crore as against Rs 1,642.7 crore in the year-ago period, it added. Revenue from the core healthcare division was at Rs 1,489.78 crore in the fourth quarter as compared to Rs 1,350.98 crore in the year-ago period. Diagnostics division clocked a revenue of Rs 338.44 crore in Q4FY24 as against Rs 332.14 crore a year ago. Total expenses in the fourth quarter were higher at Rs 1,531.76 crore as compared to Rs 1,485.33 crore in the corresponding period of the preceding fiscal. The company said its board has recommended a final dividend of Re 1 per equit
CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing. The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23. During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago. For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said. The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024. CESC is into generation, transmission, and distribution of electrical power.
JK Lakshmi Cement Q4FY24 results: The company board recommended a final dividend of Rs 4.50 per share for the financial year 2023-24
IndiGo Q4 FY24 results: The company reported a 25.9% year-on-year growth in revenue from operations at Rs 17,825.27 crore, from Rs 14,160.6 crore
The company also announced the commencement of operations at their newly acquired hospital in Faridabad, strengthening its presence in the Delhi NCR market
Skincare firm Mamaearth's parent posted a near 22% rise in revenue from operations to Rs 471 crore
ITC Q4FY24 results: The company board recommended a final dividend of Rs 7.50 per ordinary share of Rs 1 each for the financial year that ended on March 31, 2024
Soaring inventory costs hit Page Industries' bottom-line even as post-COVID demand for its innerwear and athleisure collections stayed steady
Stock market LIVE updates on Thursday, May 23, 2024: In the broader markets, the S&P BSE MidCap index hit a new high of 43,442.5, while the S&P BSE SmallCap index touched a new lifetime high of 48,229
This marks a second consecutive quarter of revenue growth for Lenovo after it suffered five straight quarters of revenue declines amid the post-COVID slowdown
The management guided for high single digit revenue growth in FY25 factoring in the impact of US site compliance issues.
GMM Pfaudler's consolidated net profit dropped 14 per cent to Rs 28.7 crore in Q4FY24, from Rs 33.3 crore in the same quarter a year ago (Q4FY23)
IndiGo Q4 results: Analysts expect robust demand, and lower competitive intensity to aid Q4Fy24 earnings
Aditya Birla Group flagship holding firm Grasim Industries Ltd has reported an increase of 15.54 per cent in consolidated net profit at Rs 2,721.81 crore for the fourth quarter ended March 2024, led by strong performance by its cement and financial services business. The company had posted a net profit of Rs 2,355.67 crore during the January-March quarter a year ago, according to a late night regulatory filing by Grasim Industries on Wednesday. Its revenue from operations was up 12.74 per cent to Rs 37,727.13 crore during the quarter under review. It was at Rs 33,462.14 crore in the corresponding period of the previous fiscal. The consolidated revenue was "at its highest levels," said an earning statement from Grasim Industries. Grasim has an exceptional items charge of Rs 538 crore in the March quarter. Its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood "at an all-time high" of Rs 6,196 crore, recording a growth of 27 pe