Expects steel asset divestment by September, demerger of businesses on track for completion in cy24, said executives
The board of directors of Bajaj Finance has recommended a dividend on equity shares at the rate of Rs 36 per share of face value of Rs two each for the financial year ended March 31, 2024
Axis Bank stock price: Shares of Axis Bank surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade
The lender spends 8 per cent to 10 per cent of its cost to income on IT-related expenditure
For the fiscal year 2023-2024, Glenmark Life Sciences reported revenue from operations of Rs 2,283.2 crore, marking a growth of 5.6 per cent year-over-year (Y-o-Y)
Jai Balaji Industries Ltd (JBIL), a city-based steel product company, on Thursday said it posted a standalone net profit of Rs 273 crore for the fourth quarter ended March 2024 against a loss of Rs 13 crore in the corresponding period last year. Total income grew by 15 per cent YoY to Rs 2002 crore in Q4 FY24. EBIDTA stood at Rs 397 crore during the quarter under review with a margin of 20 per cent, the company said in a statement. The PAT for the financial year 2023-24 was Rs 880 crore, an increase of 1421 per cent YoY jump over FY'23. "Our strategic focus remains on specialised products such as DI Pipes and Special-grade Ferro Alloys, which presently contribute to around 50 per cent to our revenue and the increase in sales will help in achieving higher growth in forthcoming quarters. We take pride in being India's largest recognized producer of special-grade ferro alloys wherein substantial share comes from exports," CMD Aditya Jagodia said.
KPI Green Energy on Thursday posted nearly 36 per cent rise in consolidated net profit to Rs 43.04 crore in the March quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 31.77 crore in the year-ago period, the company said in a BSE filing. The company's total revenue increased to Rs 292.96 crore during the quarter from Rs 184.41 crore a year ago. The consolidated net profit during the entire FY24 also increased to Rs 161.65 crore from Rs 109.62 crore a year ago. The board has also recommended final dividend at 2 per cent, i.e. Re 0.20 per equity share of the face value of Rs 10 each for the financial year 2023-24, subject to approval of the shareholders at the upcoming annual general meeting of the company.
Shares of Bajaj Finance Ltd closed trading at Rs 7,293.90 on Thursday ahead of the company's Q4FY24 results
The company's digital, engineering and technology segment accounted for 80% of its overall revenue
BENGALURU (Reuters) - Indian engineering research and development services provider L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations, aided by strong deal wins.
The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits
Shares of Vedanta closed trading at Rs 380.80 on Thursday following the company's Q4FY24 results
Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well
Dalmia Bharat stock update: Dalmia Bharat stock tumbled in Thursday's trade after the company reported a 50 per cent drop in Q4 net profit on a YoY basis.
Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.
Revenue from its API business, its biggest, fell 8.6% in the fourth quarter, leading to a nearly 14% fall in its total revenue
Maruti Suzuki Q4 preview: Maruti Suzuki India may also see a solid Ebitda margin expansion on falling commodity prices, analysts said
Nestle India January-March quarter financial results: Company announces a dividend of Rs 8.50 per equity share
TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter
The Nifty PSU Bank index was the top sectoral gainer, up over 2 per cent in an otherwise range-bound market on Thursday.