Page 59 - Latest Updates on Q4 Results

Bank of India Q4 results: Net profit rises 7%, NII at Rs 5,937 crore

State-owned Bank of India (BoI) on Friday posted a 7 per cent rise in net profit at Rs 1,439 crore for the March quarter. The bank had earned a net profit of Rs 1,350 crore in the same quarter a year ago. The total income increased to Rs 17,913 crore during the quarter under review, as against Rs 16,549 crore in the same period last year, BoI said in a regulatory filing. Net interest income (NII) grew to Rs 5,937 crore during the period under review, from Rs 5,523 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) moderated to 4.98 per cent of gross advances as of March 31, 2024, from 7.31 per cent at the end of March 2023. Net NPAs also declined to 1.22 per cent of the advances, from 1.66 per cent at the end of 2023. However, provision for bad loans increased to Rs 2,043 crore, as against Rs 546 crore earmarked during the same quarter a year ago. The provision coverage ratio of the bank stood at 90.59 per cent

Tata Motors Q4 results: PAT grows three-fold, India biz now debt free

For the full year, the auto giant posted a 12-fold jump in net profit to Rs 31,806 crore

SBI stock may gain 22% to hit Rs 1,000-mark, rally may be gradual: Analysts

SBI stock price: On the bourses, SBI stock price hit a record high of Rs 839.6 apiece on the BSE, soon after the result announcement on May 9

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Bank sets aside Rs 550 crore for its exposure to GoFirst

Cholamandalam Financial Q4 results: PAT rises 26.9% to Rs 1,143 crore

Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent to Rs 3,850.56 crore, from Rs 2,809.62 crore registered a year ago. The total income during the quarter under review on a consolidated basis went up to Rs 7,157.91 crore, from Rs 5,281.23 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income soared to Rs 26,086.76 crore, from Rs 18,376.03 crore registered last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd holds a 44.39 per cent stake, disbursed Rs 24,784 crore during the quarter ending

ABB India Q4 results: Net profit jumps 87% to Rs 460 cr on higher revenues

ABB India on Friday reported an over 87 per cent rise in its net profit at Rs 460 crore in the March 2024 quarter, pushed by higher revenues. It had posted a profit after tax of Rs 245 crore in the corresponding period of the previous fiscal year, the company said in a statement. The electrification and automation major follows the financial year from January to December. Its consolidated revenues during the quarter under review also rose to Rs 3,080 crore from Rs 2,411 crore in the year-ago period, it added. "We announce a strong start to 2024, building on our robust performance from Q4 of 2023. The increased demand for technologically superior solutions, coupled with the government's capital expenditure focus on new-age themes such as energy efficiency, decarbonization, and digitalization, has significantly driven our order momentum," ABB India said. During the quarter, the company said it had an order backlog of Rs 8,932 crore, up from Rs 7,170 in January-March quarter earlier.

Thermax's Q4 results: Net profit rises 20.5% to Rs 188 cr on strong demand

Capital goods companies in India have benefitted from the government's push on infrastructure and clean energy through increased capital expenditure and production-linked incentive schemes

Dr Lal PathLabs Q4 results: Net profit jumps 49% to Rs 84.5 crore

Eyes expansion into Tier 3 and Tier 4 towns

Cipla Q4 results: Net profit soars 79% on strong India and US business

Eyes further market expansion and partnerships in FY25

Kalyan Jewellers Q4 results: PAT rises 97%, operational revenue up 34%

Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer's PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the company grew 34 per cent during the quarter under review at Rs 4,534.93 crore as against Rs 3,381.80 crore in the corresponding quarter of the previous year. The board of directors of the company has recommended a final dividend of Rs 1.2 per equity share for the financial year ended March 31, 2024, subject to the approval of shareholders. This represents a payout in excess of Rs 120 crore, more than 20 per cent of the net profit generated during FY24, the company added. "We completed an excellent financial year and have started the new year on a strong note despite continuing volatility in gold prices. We are witnessing encouraging momentum in consumer demand, especially around

Tata Motors Q4 results: Net profit rises over three-fold to Rs 17,407 cr

Tata Motors Q4FY24 results: The board of directors recommended a final dividend of Rs 6 per ordinary share of Rs 2 each (Rs 3 normal dividend and Rs 3 special dividend)

Sundaram-Clayton Q4 results: PAT at Rs 20.73 cr, total income at Rs 540 cr

Auto-component manufacturer Sundaram-Clayton Ltd has recorded a standalone profit for the quarter ending March 31, 2024, at Rs 20.73 crore. The city-based company had registered a standalone profit of Rs 17.61 crore in the corresponding period of last year. For the year ending March 31, 2024, the standalone net stood at Rs 64.52 crore. The standalone total income grew to Rs 540.01 crore, from Rs 533.78 crore registered in the same period of last year, Sundaram-Clayton Ltd said in a BSE filing. For the financial year ending March 31, 2024, the standalone total income was Rs 1,375.90 crore. During the quarter under review, the company said it invested Rs 41.53 crore in its overseas subsidiary Sundaram Holding USA Inc. The Board of Directors at its meeting held on March 26, declared an interim dividend of Rs 5.15 per share, absorbing a sum of Rs 10.42 crore for the financial year ending March 31, 2024, and the same was paid to shareholders on April 4.

Bajaj Hindusthan Sugar Q4 results: Net profit falls 31% to Rs 91 crore

Bajaj Hindusthan Sugar Ltd on Friday reported a 31 per cent fall in its consolidated net profit to Rs 90.56 crore for the fourth quarter ended March 2024. Its net profit stood at Rs 130.91 crore in the year-ago period. Its total income declined to Rs 1,874.77 crore in the fourth quarter of the last fiscal from Rs 2,059.10 crore in the corresponding period of the preceding year, according to a regulatory filing. In 2023-24, the company's net loss narrowed to Rs 86.92 crore against Rs 134.74 crore in the preceding year. Its total income fell to Rs 6,146.33 crore in the last fiscal from Rs 6,360.34 crore in 2022-23.

Sapphire Foods Q4 results: PAT declines 98% to Rs 2.39 cr on slow demand

The Yum Brands franchisee's consolidated net profit fell 98% to Rs 2.39 crore ($286,271.4) for the quarter ended March 31, marking its fourth straight quarterly profit fall

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

State-owned Bank of Baroda (BoB) on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the fourth quarter ended March 2024. The bank had earned a net profit of Rs 4,775 crore in the January-March quarter a year ago. The total income increased to Rs 33,775 crore during the quarter under review, as against Rs 29,323 crore in the same period last year, BoB said in a regulatory filing. Interest income grew to Rs 29,583 crore during the latest three-month period from Rs 25,857 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) moderated to 2.92 per cent of gross advances as of March 31, 2024, from 3.79 per cent at the end of March 2023. Net NPAs also declined to 0.68 per cent of the advances, from 0.89 per cent at the end of 2023. As a result, provisions for bad loans and contingencies eased to Rs 1,302 crore, as against Rs 1,421 crore earmarked during the same quarter a year ago. The Pro

Dr. Lal PathLabs Q4 results: Net profit rises 49% on healthy testing demand

The company's consolidated net profit jumped 49% year-on-year to Rs 84.5 crore ($10.1 million) in the fourth quarter

Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand

Cables and wires companies have benefited from a demand surge from the real estate and infrastructure sectors, further aided by the government as it tries to boost the economy

SoftBank Group seen returning to loss in Q4 despite tech stock strength

Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm

Care Ratings Q4 results: Net profit surges 35% to Rs 34.8 crore

Care Ratings on Friday reported a 35 per cent jump in its standalone net profit at Rs 34.8 crore in the fourth quarter ended March 31, 2024. The domestic rating agency had a profit after tax of Rs 25.9 crore in the January-March quarter of the 2022-23 fiscal. Total income rose 13 per cent to Rs 88.5 crore during the March quarter, Care Ratings said in a late night regulatory filing on Thursday. For the 2023-24 fiscal, the standalone net profit rose 15 per cent Y-o-Y to Rs 119.4 crore. Total income also grew 15 per cent to Rs 330 crore in the 2023-24 fiscal. The board of Care Ratings has declared a final dividend of Rs 11/share, which will take the total declared for the year to Rs 18/share. Shares of Care Ratings were trading at Rs 1,104.20 on Friday in early trade on BSE, up 0.29 per cent over the previous close.

This Vedanta Group stock has zoomed 69% since April; m-cap tops Rs 2 trn

At 10:38 am; Hindustan Zinc was trading 7 per cent higher at Rs 488.70 with m-cap of Rs 2.07 trillion, the BSE data shows.