Mumbai International Airport Ltd (MIAL) reported a one-time exceptional expense of Rs 627.37 crore due to past dues
The maker of Real fruit juices and Hajmola candy saw its rural business outpacing urban in the last quarter on the back of a growing distribution system in the rural areas
Railway PSU RailTel Corporation of India on Thursday reported a 3 per cent rise in profit after tax to Rs 77.53 crore for the January-March quarter of 2023-24 compared to Rs 75.24 crore in the same period of the previous year. The Mini Ratna company under the Railway Ministry reported a total income of Rs 852 crore for the last quarter of 2023-24 against Rs 707.29 crore in the year-ago period, according to an exchange filing. Sanjai Kumar, Chairman and Managing Director of RailTel, said, Operationally the company has been performing consistently with an impressive growth of 25% on QoQ basis in its operating revenue. For Financial year 2023-24 also the growth in Revenue and PAT has been quite encouraging at 31%. With healthy order book, the company has visibility of substantial growth in operating income in coming quarters, Kumar added. For the year ended on March 31, 2024, the company achieved a total income of Rs 2,622 crore and a total PAT of Rs 246 crore, registering a growth of
Ceat, whose customers include automakers Maruti Suzuki and Mahindra & Mahindra, is the first Indian tyremaker to report results this quarter
Logistics company Blue Dart Express on Thursday reported a consolidated net profit of Rs 77.78 crore for the March quarter, registering a 12 per cent increase on the back of revenue growth. The company had reported a net profit of Rs 69.44 crore in the year-ago period. The express air integrated transportation, and distribution logistics company, declared its financial results on Thursday for the March quarter and the entire 2023-24 fiscal year at its board meeting held in Mumbai. Blue Dart's total income for the fourth quarter stood at Rs 1,333.93 crore, as against Rs 1,225.22 crore a year ago, a regulatory filing showed. "In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in recent quarters. These initiatives included the establishment of crucial air routes through the acquisition of two 737 freighters and the inauguration of state-of-the-art facilities," Blue Dart Express Managing Director Balfour Manuel said.
Bank in advance stages of submitting new CEO names to RBI
The dollar revenue for the fourth quarter grew 1.9 per cent sequentially in constant currency to $286.8 million, led by deal wins worth $400 million
Ramkrishna Forgings Ltd (RKFL) on Thursday reported a 31 per cent rise in standalone net profit to Rs 87.30 crore for the January-March quarter of 2023-24. Its net profit was at Rs 66.82 crore in the January-March period of 2022-23, the company said in an exchange filing. The company's total income rose by 6 per cent to Rs 886.16 crore in the fourth quarter of FY24 compared to Rs 835.40 crore in the year-ago quarter. For the full 2023-24 fiscal, the company posted a 38 per cent rise in net profit to Rs 326.07 crore compared to Rs 235.59 crore in FY23. Its total income rose to Rs 3,489.61 crore in FY24 from Rs 3,001 crore in FY23. On financial performance, Ramkrishna Forgings Managing Director Naresh Jalan said, "The company registered a strong performance across segments and geographies, with 16 per cent growth in revenues and 38 per cent in profitability. Ebitda margin stood at 22.7 per cent driven by operating leverage and a sharp focus on cost control." In the March quarter, th
Coforge Q4FY24 results: The board of the company recommended an interim dividend of Rs 19 per share
Demand for submarines and aircraft carriers is surging, fueled by China's expanding naval footprint and high global tensions, benefiting shipbuilding giants such as Huntington Ingalls
The company announced an interim dividend of Rs 1.3 per share
Federal Bank on Thursday reported a flat net profit of Rs 906 crore in the March 2024 quarter. The bank had a net profit of Rs 903 crore in the fourth quarter of the 2022-23 fiscal. Its total income rose 23.42 per cent to Rs 6,732 crore in the January-March period. The net interest income grew 15 per cent to Rs 2,195 crore. For the full 2023-24 fiscal, Federal Bank's net profit grew 24 per cent to Rs 3,721 crore. In 2022-23, the bank had a net profit of about Rs 3,011 crore. The bank's board also recommended a dividend of 60 per cent per equity share having a face value of Rs 2 for the year ended March 2024. Federal Bank Managing Director & CEO Shyam Srinivasan said, "With a 10 per cent increase in our footprint, our branches now dot the map, across the length and breadth of India. The physical distribution is buttressed with significant investments in technology and digital capabilities, helping us serve clients in over 15,000 pin codes." Shares of Federal Bank were trading at R
South Indian Bank on Thursday reported a 13.88 per cent decline in March quarter net profit to Rs 287.56 crore. The private sector bank posted a net profit of Rs 333.89 crore in the January-March period of the 2022-23 fiscal year. Total expenditure increased to Rs 2,187 crore in the March quarter, from Rs 1,757 crore in the same period a year ago, South Indian Bank said in a regulatory filing. The bank's total income rose to Rs 2,621 crore in the fourth quarter of 2023-24, from Rs 2,318 crore in the year-ago period. For 2023-24 fiscal, the bank's net profit rose 38 per cent to Rs 1,070 crore, from Rs 775 crore in the 2022-23 fiscal. The bank's board has recommended a dividend of Rs.0.30 per equity shares of face value of Re 1 each (30 per cent) for the financial year ended March 31, 2024 Shares of South Indian Bank were trading at Rs 28.92, down 6.01 per cent over previous close on the BSE.
Dabur Q4FY24 results: The board of Dabur has recommended a final dividend Rs 2.75 per equity share for the financial year 2023-24
Adani Ports Q4FY24 results: The board of Adani Ports and Special Economic Zone has recommended a dividend Rs 6 per equity share of Rs 2 each fully paid-up for the financial year 2023-24
Q4 FY24 results: Dabur, Federal Bank, Digicontent, Blue Star, Khemani Distributors, Aptech are expected to release their financial results too
Stocks to Watch on Thursday, May 2, 2024: Adani Power has reported a 48 per cent Y-o-Y fall in consolidated net profit at Rs 2,737 crore for the quarter ended March, 2024
Pre-market update Thursday, May 02: Why are global markets trending higher post US Fed meeting outcome? All you need to know before the Indian stock market opens for trade today.
Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation's economic growth, says Gautam Adani
Ambuja Cements' revenue from operations increased by 11.64% to Rs 8,893.99 crore in Q4, compared to Rs 7,965.98 crore reported in the year before