Page 63 - Latest Updates on Q4 Results

IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%

Total gas sale volumes rose 4 per cent to 3,084.5 million standard cubic metres

Voltas Q4 results: PAT down 22.5% at Rs 110.64 cr, services biz up 38%

Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses. The company had posted a consolidated net profit of Rs 143.23 crore in the same period previous fiscal, Voltas said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 4,202.88 crore as against Rs 2,956.8 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 4,044.90 crore compared to Rs 2,761.45 crore in the corresponding period a year ago. In the fourth quarter the unitary cooling products business segment revenue grew by 44 per cent to Rs 2,955 crore as compared to Rs 2,049 crore in the corresponding quarter of the previous year on account of a better product mix enhancement approach, the company said. The engineering products and services division clocked revenue

IGL Q4 result: Net profit up 16% at Rs 382 cr, turnover dips to Rs 3,949 cr

Indraprastha Gas Ltd, India's largest CNG retailer, on Tuesday reported a 16 per cent rise in March quarter net profit as it sold more gas. The net profit of Rs 382.80 crore in the latest January-March quarter was compared to Rs 329.75 crore profit registered a year ago, the company said in a statement. For the full 2023-24 fiscal (April 2023 to March 2024), net profit soared 21 per cent to Rs 1,748.08 crore as against Rs 1,445.02 crore in the previous year. Turnover slipped marginally to Rs 3,949.17 crore in January-March from Rs 4,042.57 crore in the corresponding quarter of 2022-23. The gross turnover during the financial year 2023-24 was Rs 15,403.13 crore as compared to Rs 15,543.67 crore in the preceding financial year 2022-23 primarily due to cooling off of international gas prices despite increase in sales volume. "The sales volume in the quarter increased from 8.25 million standard cubic metres per day in Q4 of 2022-23 to 8.73 mmscmd in Q4 of FY'24, showing a volume growt

Kajaria Ceramics Q4 results: Net profit declines 5.2% to Rs 102 crore

Kajaria Ceramics, India's top tile-maker by market value, is the first among its peers to report results for the January-March quarter

IRB Infrastructure Q4 results: Net profit grows 45% to Rs 189 crore

IRB Infrastructure Developers on Tuesday reported a 45 per cent rise in consolidated net profit to Rs 188.87 crore for the March 2024 quarter, mainly due to higher income. Its net profit was Rs 130.15 crore in the quarter ended March 2023, the company said in a regulatory filing. Total income surged to Rs 2,504.49 crore from Rs 1,698.91 crore in the year-ago period. Total expenses also rose to Rs 2,060.15 crore as against Rs 1,456.65 crore a year ago. The consolidated net profit rose to Rs 605.81 crore in fiscal 2023-24 compared to Rs 720.01 crore in FY23. The income for the entire year was Rs 8,201.76 crore over Rs 6,703.31 crore a year ago. In a separate statement, the company said it has paid Rs 181 crore as dividend for FY24, including a third interim dividend of 10 paise declared on Tuesday. "FY24 was an astounding year. We not only received three prestigious TOT (Toll Operate Transfer) awards but also tied up finances, made an upfront payment of concession fees to the resp

SRF Q4 results: Profit declines 25% to Rs 422 crore on lower income

Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. The consolidated revenue of the company declined 6 per cent to Rs 3,570 crore in the fourth quarter of the last fiscal from Rs 3,778 crore in the year-ago period. In the 2023-24 fiscal, SRF's revenue decreased 12 per cent to Rs 13,139 crore from Rs 14,870 crore in the preceding year. The company's profit after tax decreased 38 per cent to Rs 1,336 crore in the last fiscal from Rs 2,162 crore in the 2022-23 fiscal. SRF Chairman and Managing Director Ashish Bharat Ram said, "While the general performance has been weak, we have seen a reasonable recovery in our chemicals business in the fourth quarter, as we had envisaged. We believe that this recove

Dr Reddy's Q4 results: Net profit rises 36% to Rs 1,307 cr, revenue up 12%

Q4FY24 results: The company board has recommended a final dividend of Rs 40 per equity share of Rs 5 each for the financial year 2023-24

Rane Engine Valve Q4 results: Profit after tax remains flat at Rs 4.7 crore

Rane Engine Valve Ltd on Tuesday reported a profit after tax for the January-March 2024 quarter at Rs 4.7 crore. The city-based manufacturer of engine valves, had clocked PAT at Rs 4.9 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the profit after tax stood at Rs 11.5 crore, Rane Engine Valve Ltd said in a statement. Total revenue during the quarter under review grew to Rs 151.2 crore, as compared to Rs 136.5 crore registered in the corresponding period of last year. For the year ending March 31, 2024, the total revenue went up to Rs 570.3 crore, as against Rs 499.6 crore registered during the same period of last year. The board which met here today has recommended a dividend of Rs 5 per equity share on a paid-up capital of 72,34,455 shares of Rs 10 each. Sharing some of the operating highlights during the quarter, Rane Engine Valves said the sales to original equipment manufacturers grew by 14 per cent which was supported by strong off-ta

Stock Market Highlights, May 7: Sensex declines 384 pts, Nifty nears 22,300; FMCG, IT buck trend

Stock Market Highlights on Tuesday, May 7: Power Grid, IndusInd Bank, Tata Motors, HCL Tech, NTPC, Tata Steel, ICICI Bank, Axis Bank, RIL, HDFC Bank, and Ultratech Cement were the the top laggards

Hindustan Media Ventures Q4 results: PAT declines 11% to Rs 10.74 cr

Hindustan Media Ventures Ltd on Tuesday reported an 11 per cent decline in consolidated profit after tax at Rs 10.74 crore for the fourth quarter ended March 31, 2024. The company had posted a profit after tax (PAT) of Rs 12.08 crore in the same quarter previous fiscal, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 188.05 crore as against Rs 188.13 crore in the year-ago period, it added. Printing and publishing of newspapers and periodicals segment clocked a revenue of Rs 181.47 crore in Q4 as against Rs 186.63 crore in the corresponding period a year ago. Digital registered Rs 5.84 crore revenue in Q4 as against Rs 1 crore a year ago, the filing said. Total expenses in the quarter were higher at Rs 219.51 crore as compared to Rs 207.64 crore earlier, the company said. In the fiscal ended March 31, 2024, profit after tax was at Rs 9.95 crore. It had posted a consolidated loss after tax of Rs 38

Pharma major Lupin slides 5% as Q4 earnings miss street expectations

Mumbai-based Lupin posted a 52 percent year-on-year increase in consolidated net profit, reaching Rs 359.43 crore for the January-March quarter of FY24

Q4 Results 2024: Happiest Minds Tech profit rises 25% to Rs 72 crore

IT firm Happiest Minds Technologies has reported a 24.83 per cent increase in consolidated net profit at Rs 71.98 crore for the quarter ended March 2024. The company clocked a profit of Rs 57.66 crore in the year-ago period, according to a regulatory filing on Monday. Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.98 crore in Q4FY23, translating into a 10.4 per cent rise. Annual profits saw a 7.53 per cent rise to Rs 248.39 per cent, as compared to the previous fiscal's Rs 230.99 crore. Revenue for financial year 2023-24 was at Rs 1,624.66 crore, a 13.66 per cent climb over Rs 1429.29 crore reported in fiscal 2022-23. The company recommended a final dividend of Rs 3.25 per equity share of Rs 2 each for the financial year ended March 31, 2024, which is subject to the approval of shareholders at the 13th Annual General Meeting (AGM) of the company, to be held on June 28, 2024.

CG Power zooms 6%, hits 52-week high on decent rise in Q4 revenues

The company registered standalone profit after tax (PAT) of Rs 240.59 crore for Q4FY24, slightly higher than Rs 240.23 crore from the corresponding period last year

L&T Q4 preview: Company may see 22% YoY jump in PAT; check key monitorables

On a quarter on quarter (Q-o-Q) basis, the company may see a sequential surge of 15-20 per cent in revenue in the January-March of FY24

Nifty pre-market news: All you need to know before stocks open on May 7

Indian stock market update on Tuesday, May 07: Global cues, Gift Nifty hint at gap-up start; Q4 earnings, FII flows in focus.

Lupin Q4 result: Net profit up 52% at Rs 359 cr, revenue from ops rises 12%

'Our US sales remain healthy driven by inhalation products, and our India formulation business is delivering ahead of market,' said Nilesh Gupta, MDirector, Lupin

Titan stock price drops 7% on May 06. Why brokerages have cut target price

Analysts attribute this margin miss to heightened competitive pressure due to a spike in gold prices

Unity Small Finance Bank Q4 results: Net profit at Rs 143 cr on higher NII

Unity Small Finance Bank on Monday reported a net profit of Rs 143 crore for the January-March quarter buoyed by higher net interest income. The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of 2022-23 fiscal. The small finance bank's net interest income grew 55 per cent to Rs 281 crore during the March quarter of FY'24. For the full 2023-24 fiscal, Unity Bank's net profit grew 12-fold to Rs 439 crore. Net interest income also increased 75 per cent YoY to Rs 981 crore during FY'24.

Muthoot Microfin Q4 results: Net profit jumps 27% to Rs 120 crore

Muthoot Microfin on Monday reported a 27 per cent rise in its profit after tax at Rs 119.76 crore during March quarter of 2023-24. The non-banking finance company had reported a profit after tax (PAT) of Rs 94.56 crore in the corresponding fourth quarter of FY23, according to a regulatory filing. The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period. For 2023-24 fiscal, PAT grew over two-fold to Rs 450 crore. The NII rose 56 per cent to Rs 1,361 crore in FY24.

Kamdhenu Q4 result: PAT up 56% at Rs 17 cr, total income rises to Rs 184 cr

Steel maker Kamdhenu Ltd on Monday posted a 56 per cent rise in net profit to Rs 16.8 crore in the March quarter compared to Rs 10.8 crore in the year-ago period on the back of higher income. Its total income rose to Rs 184 crore in the period under review from Rs 168 crore in the January-March quarter of FY23. The company's total expenses also rose to Rs 161.59 crore as against Rs 153.22 crore in the year-ago period. The board of directors have recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for the financial year ended March 31, 2024. In a separate statement, Kamdhenu Ltd CMD Satish Kumar Agarwal said the company is raising Rs 100 crore through an issue of convertible warrants on a preferential basis over the next 18 months. Of this, it has already received Rs 24.27 crore. "Through the capital raise, the company will look to re-model the franchisee business by acquiring stake strategically in some of the franchisee units, invest in existing and