Page 66 - Latest Updates on Q4 Results

Biocon Q4 results: Profit drops 57% to Rs 135 crore; revenue up 4%

Biocon Q4FY24 results: The company board has recommended a final dividend at the rate of 10 per cent i.e. Re. 0.50 per equity share

Motherson Sumi Wiring Q4 results: Net profit rises 38% to Rs 191.44 cr

Auto components maker Motherson Sumi Wiring India Ltd on Thursday reported a 38.3 per cent rise in net profit to Rs 191.44 crore in the fourth quarter ended March 2024. The company had posted a net profit of Rs 138.47 crore in the same quarter a year ago, Motherson Sumi Wiring India said in a regulatory filing. Consolidated total revenue from operations in the quarter under review was Rs 2,232.67 crore as against Rs 1,871.96 crore in the corresponding period previous fiscal, it added. Total expenses in the fourth quarter were higher at Rs 1,986.54 crore as compared to Rs 1,698.5 crore in the same period a year ago. The board has recommended a dividend of 80 paise per equity share of face value Re 1 for the financial year ended March 31, 2024, subject to approval of the shareholders at the ensuing annual general meeting, it added. For the fiscal ended March 31, 2024, net profit was Rs 638.3 crore over Rs 487.04 crore in the preceding year, the company said. In FY24, consolidated t

Gail Q4 results: Profit slips 22% at Rs 2,177 cr from Q3, revenue down 6%

Gail Q4 FY24 results: Consolidated net profit of the country's largest gas distributer grew multi-fold compared to Q4 FY23

V-Guard Q4 results: Net profit rises to Rs 76 cr on strong demand

V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%

Crompton Greaves Consumer Electricals Q4 net profit rises to Rs 133.43 cr

Crompton Greaves Consumer Electricals Ltd on Thursday posted a 1.43 per cent increase in consolidated net profit to Rs 133.43 crore in the March 2024 quarter. The company reported a consolidated net profit of Rs 131.55 crore a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. During the quarter under review, consolidated revenue from operations was Rs 1,961 crore over Rs 1,790.96 in the year-ago period. The electric consumer durables (ECD) segment clocked revenue of Rs 1,515.98 crore as compared to Rs 1,325.74 crore in the same period a year ago. Lighting products revenue in the quarter was marginally higher at Rs 281.12 crore, up from Rs 278.57 crore in FY23. On the other hand, the revenue from Butterfly, which it acquired last year, was lower at Rs 163.9 crore in the fourth quarter as compared to Rs 186.65 crore in the year-ago period, the filing said. Total expenses were higher at Rs 1,808 crore from Rs 1,637.3 crore in the corresponding

Stock Market Highlights, May 16: Sensex swings 1220 pts intraday, ends 677 pts up; Nifty holds 22400

Stock Market LIVE updates on Thursday, May 16, 2024: In the broader markets, the S&P BSE MidCap, and the SmallCap indices gained 0.44 per cent and 0.68 per cent, respectively

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

M&M Q4 results: Net profit jumps 31.6% to Rs 2,038 cr on strong SUV demand

Utility vehicles (UV) accounted for more than half of passenger vehicle sales in India, rising 31% year-on-year, according to an industry body

Somany Ceramics shoots up 20% on strong jump in profits; brokerage upbeat

In Q4FY24, Somany Ceramics witnessed a 38.85 per cent surge in consolidated net profit, reaching Rs 33.88 crore compared to Rs 24.40 crore in Q4FY23

IEX Q4 results: Net profit rises 9.5% to Rs 97 cr on higher income

The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago. In FY24, the consolidated PAT rose 14.7 per cent to Rs 350.78 crore, from Rs 305.88 crore in FY23. Income for the full year was at Rs 550.84 crore, up from Rs 474.10 crore. The Board of Directors of the company announced a final dividend of Rs 1.50 for FY24. Sharing business updates, IEX said 110.1 billion units of electricity traded on its platform during the fiscal year 2023-24, registering a year-on-year (y-o-y) increase of 13.7 per cent. The DAM (day-ahead ma

Q4 FY24 results: M&M, GAIL, Vodafone among 94 firms to post earnings today

Q4 FY24 company results: Info Edge, Biocon, JK Paper, Solar Industries, Infibeam Avenues, and many more companies will post their fourth-quarter earnings on May 16

Titagarh Rail Systems shares zoom 9% on stellar Q4 earnings; profits rise

Titagarh Rail Systems Revenue saw an 8 per cent year on year (YoY) uptick, reaching Rs 1,052.4 crore in Q4FY24 compared to Rs 974.2 crore in Q4FY23

Oil India stock up 5% on bonus issue plan; cut in windfall tax aids rally

The government has cut the windfall tax on petroleum to Rs 5,700 per metric ton from Rs 8,400 w.e.f from May 16. Company to consider bonus share issue on 20 May.

Gift Nifty, global markets hint gap-up open on May 16; FIIs trade in focus

All you need to know before market opens on Thursday, May 16: Global markets rallied after the latest US CPI numbers raised hopes of more than one rate cut in 2024. Check key Nifty, Bank Nifty levels

Redington Q4 results: Net profit rises 5% to Rs 326 cr on gadgets demand

Affluent Indians are increasingly spending more than 30,000 rupees ($361.30) on new smartphones, benefiting manufacturers and distributors such as Redington

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