Revenue for the full financial year stood at Rs 1,556 crore, up 24% from Rs 1,252 crore at the end of FY23
Revenue from the zinc mining business - the biggest segment - fell 16%, resulting in a 12% drop in overall revenue to Rs 7,285 crore
According to brokerage estimates, Wipro is likely to report a net profit in the range of Rs 2,778 crore to Rs 2,829 crore for the fourth quarter, down 8-10 per cent year on year (YoY)
HDFC Bank Q4FY24 result preview: According to Nomura, HDFC Bank's net profit may grow 40 per cent Q-o-Q to Rs 23,000 crore during the quarter
Stocks to watch on Friday, April 19: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL and Zee among 11 stocks in F&O ban today.
One of the key factors is our back book profits and our costs which have been in control, said HDFC Life Insurance MD
Brokerage house ICICI Securities on Thursday reported a two-fold jump in profit after tax to Rs 537 crore for three months ended March 2024. In comparison, the company posted a profit after tax (PAT) of Rs 263 crore in the year-ago period, ICICI Securities said in a regulatory filing. The company's total revenue soared 74 per cent to Rs 1,544 crore in the fourth quarter, from Rs 885 crore in the January-March quarter of financial year 2022-23. The broking firm's total client assets reached about 7 lakh crore as of March 2024, marking a 19 per cent year-on-year (YoY) increase. Further, ICICI Securities has declared a second interim dividend of Rs 17 per share, taking the full-year dividend to Rs 29 apiece. For the full financial year FY24, the company posted a PAT of Rs 1,697 crore, marking a 52 per cent YoY increase, and revenue stood at Rs 5,051 crore for FY24, up 47 per cent from the preceding fiscal. Besides, the broking firm announced that its board of directors in its meetin
Firm expects revenue growth of 1-3% in FY25
Investment yields could be around 8.1 per cent in FY25 rising to 8.5 per cent in FY26
Bajaj Auto records highest ever PAT, revenue in FY24
Shares of Infosys on Thursday closed at Rs 1,420.55 apiece on BSE ahead of its Q4FY24 results
Bajaj Auto share was trading at Rs 9,063.15 at 5:00 pm on Thursday
Stock market highlights on on Thursday, April 18, 2024: In the broader markets, Nifty Midcap ended 0.49 per cent lower at 38,995.70 while Smallcap lost 0.28 per cent, to settle at 16,286.35
Net premium income was Rs 20,488 crore, up 5.4% from Rs 19,426 crore last year
Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.
The gross direct premium income (GDPI) of the insurer was 22% higher at Rs 6,073 crore in Q4 FY24 from Rs 4,977 crore in Q4 FY23
Just Dial Ltd on Wednesday reported a 38.44 per cent rise in consolidated net profit to Rs 115.74 crore in the fourth quarter ended March 31, 2024. The company had posted a consolidated net profit of Rs 83.6 crore in the same period of the previous fiscal, Just Dial Ltd said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 361.56 crore compared to Rs 306.69 crore in the year-ago period, it added. The total expenses in the fourth quarter were marginally higher at Rs 214.12 crore compared to Rs 210.94 crore a year ago, the company said. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 362.93 crore, up from Rs 162.72 crore in the previous fiscal, it added. The company's consolidated total income in FY24 stood at Rs 1,348.37 crore against Rs 986.67 crore in FY23.
Tata Communications' consolidated profit declined marginally to Rs 321.55 crore in the fourth quarter ended on March 31, 2024, according to a regulatory filing. The company posted a profit of Rs 326.64 crore in the same period a year ago. The consolidated revenue of Tata Communications during the reported quarter increased by 24.5 per cent to Rs 5,691.7 crore from Rs 4,568.66 crore in the same quarter a year ago. For the year ended on March 31, 2024, net profit declined to Rs 969.58 crore from Rs 1,800.87 crore at the end of 2022-23. The annual income from operations of Tata Communications increased by 17.5 per cent to Rs 20,968.82 crore in fiscal year 2024 from Rs 17,838.26 crore in fiscal year 2023. The company's board approved re-appointment of managing director and CEO A S Lakshminarayanan for a second term starting November 26, 2024 till April 13, 2026.
Largest private sector general insurer ICICI Lombard on Wednesday reported an 18.9 per cent increase in its March quarter net profit at Rs 520 crore. The city-based company had reported a post-tax net profit of Rs 437 crore in the year-ago period. For the fiscal year 2023-24, the company reported an 11 per cent increase in the profit after tax at Rs 1,919 crore, up from Rs 1,729 crore in the year-ago period. The Gross Direct Premium Income grew 22 per cent to Rs 6,073 crore for the reporting quarter, up from Rs 4,977 crore in the year-ago period, it said, adding that it was higher than the 9.5 per cent. The solvency ratio was 2.62 times on March 31, 2024, as against 2.57 times on December 31, 2023, and 2.51 times a year ago.
The company's profit rose to 3.4 billion rupees ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors