Page 77 - Latest Updates on Q4 Results

Marico expects revenue growth in Q4 after three quarters of fall, shares up

Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures

Titan Q4 results: Revenue grows 17% on robust demand for jewelry products

The jewelery segment, which houses brands including Tanishq and CaratLane, was boosted by healthy inflow of buyers and double-digit percentage growth in its same-store sales

Steady Ebitda, mixed margins expected for capital goods firms in Q4

Many engineering and capital goods companies are currently executing multi-year high order books

Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand

Kalyan Jewellers on Friday reported 34 per cent increase in consolidated revenue for the quarter ended March and a 31 per cent growth in the entire 2023-24 fiscal driven by better demand despite rise in gold prices. The company did not provide the actual revenue figures reported for the fourth quarter and entire FY24. Kochi-based Kalyan Jewellers, which has 253 showrooms across India and the Middle East, had posted a revenue of nearly Rs 3,400 crore during the fourth quarter of the last fiscal, and Rs 14,109.33 crore revenue for the entire 2022-23. "The recently concluded quarter has been a very encouraging one, having witnessed continued robust momentum in both footfalls and revenue across all our markets in India and the Middle East despite a sharp rise in gold price during the second half of the quarter," the company said in a regulatory filing. Kalyan Jewellers said it saw a revenue growth of approximately 38 per cent for India operations during fourth quarter of FY24 as compar

Adani Wilmar sees double-digit growth in edible oil sales on festive demand

The consumer goods maker said it bagged strong growth in both its edible oils and foods businesses, aided by strong demand during the festival of Holi and ongoing wedding season

Bank of Maharashtra reports 16% credit growth in Q4 at Rs 2.03 trn

State-owned Bank of Maharashtra (BoM) on Friday said it has posted a credit growth of 16.31 per cent at Rs 2.03 lakh crore for the March quarter. The outstanding credit was Rs 1.75 lakh crore at the end of March 31, 2023, BoM said in a regulatory filing. The Pune-headquartered lender reported 15.63 per cent increase in total deposits to Rs 2.70 lakh crore as against Rs 2.34 lakh crore at the end of the fourth quarter of the previous financial year. During the quarter, it said, Current Account and Savings Account (CASA) declined to 52.73 per cent of the total deposits as against 53.39 per cent. The Credit Deposit (CD) ratio increased to 75.23 per cent at the end of March 31, 2024 as against 74.87 per cent in the year-ago period.

Macrotech Q4 sales bookings up 40% at Rs 4,230 cr on strong housing demand

Realty firm Macrotech Developers Ltd on Friday reported a 40 per cent annual growth in its sales bookings to Rs 4,230 crore in the fourth quarter of last fiscal driven by strong housing demand. Its sales bookings stood at Rs 3,030 crore in the year-ago period. Macrotech Developers, which sells its properties under the Lodha brand, registered a 20 per cent growth in its sales bookings to a record Rs 14,520 crore last fiscal from Rs 12,060 crore in the 2022-23 financial year, according to a regulatory filing. "We had Q4, FY24 pre-sales of Rs 4,230 crore - our best quarterly performance ever, up 40 per cent on YoY (year-on-year) basis," Macrotech Developers said. "For FY24, pre-sales were Rs 14,520 crore - once again our best-ever annual pre-sales performance, thus meeting our guidance of delivering consistent and predictable 20 per cent growth," it added. The company's net debt has come down to Rs 3,010 crore as on March 31, 2024, from Rs 7,070 crore at the end of the previous ...

Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop

Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent

D-Mart's Q4 revenue from operation rises nearly 20% to Rs 12,393.46 cr

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 19.89 per cent increase in its standalone revenue from operations to Rs 12,393.46 crore for the fourth quarter ended on March 31, 2024. The company had revenue from operations of Rs 10,337.12 crore in the January-March quarter a year ago, Avenue Supermarts said in a regulatory filing on Wednesday. "Standalone Revenue from operations for the quarter ended (QE) March 31, 2024, stood at Rs 12,393.46 crore," the company said while sharing an update at the end of the quarter. The total number of stores as of March 31, 2024, stood at 365. However, the Damani-family promoted company also added the "standalone revenue from operations for QE March 31, 2024, given above is subject to audit by the statutory auditors of the company". In the January-March quarter of FY2021-22, Avenue Supermarts' standalone revenue was Rs 8,606.09 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and

Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance

January-March quarter, is considered to be a soft quarter, and will continue to see the headwinds that the sector has been facing. And the sector will enter the new financial year on a weak footing

IPO-bound Oyo eyes Rs 100 crore PAT in Q4, 20% revenue growth in FY24

The company has recently secured a Rs 200 crore credit line from JP Morgan to fuel its expansion plans

HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

Foxconn Q4 profit jumps 33% to $1.7 bn on strong AI server demand

The AI server market was likely to see 30% growth each year between 2023 and 2025, and Foxconn's growth would be in line with that or even higher, he said

Rain Industries tumbles 11% on Q4 loss

Rain Industries reported a net loss of Rs 1,118.80 crore for the December quarter, while revenue from operations declined over 24% to Rs 4,101 crore.

ABB India result: PAT grows to Rs 345 cr, revenue at Rs 2,757 cr in Dec qtr

Electrification and automation major ABB India on Tuesday posted around 13 per cent rise in profit after tax to Rs 345 crore in fourth quarter ended December 31, mainly on the back of higher revenues. It had clocked Rs 306 crore PAT (profit after tax) during the October-December period of the preceding fiscal, the company said in a statement. The company follows January to December as a financial year. Total revenue of the company rose to Rs 2,757 crore in the quarter under review, from Rs 2,427 crore in the same quarter a year ago. In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore. In 2023, the company received orders worth Rs 12,319 crore, up 23 per cent over 2022. For the entire fiscal, the company's PAT was at Rs 1,248 crore, up over Rs 1,026 crore from last financial year. While the revenues surged to Rs 10,447 crore, from Rs 8,568 crore a year ago. "Our broad-based growth has come on the back of deepening engagement into diverse market segments an

Israel's economy takes deep dive in Q4 with 19.4% GDP drop amid Gaza war

"The contraction of the economy in the fourth quarter of 2023 was directly affected by the outbreak of the Iron Swords War on October 7," the statistic bureau said

CRISIL Q4 results: Profit jumps 33% to Rs 210 cr on back of currency gains

Domestic rating agency Crisil, majority owned by S&P Global, on Friday reported a 33 per cent jump in net profit at Rs 210 crore for the December 2023 quarter. The city-headquartered company said its income from operations rose 11.6 per cent in the reporting quarter to Rs 917.7 crore, while total consolidated income grew 13.4 per cent to Rs 953.6 crore from Rs 840.6 crore in the corresponding quarter of the previous year. The company also announced a final dividend of Rs 28/share, taking the total dividend for the year to Rs 54/share against Rs 48 in the previous year. The company, in a statement, said the bottom line was boosted by a one-off gain of Rs 29.4 crore due to the sharp devaluation of the Argentinian currency peso in December. For the full year ending December 2023, its consolidated income from operations rose 13.4 per cent to Rs 3,139.5 crore from Rs 2,768.7 crore in the previous year, and consolidated total income gained 11.6 per cent to Rs 3,246.4 crore from Rs ...

Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%

The firm, based in Teaneck, New Jersey, reported a 7 per cent increase in net profit at $558 million for the December quarter

Nestle India results: PAT rises over 4% to Rs 655.6 cr in Dec quarter

Nestle India's net rose 8.27 per cent to Rs 4,583.63 crore during the period under review. It was at Rs 4,233.27 crore in the corresponding period of last fiscalpress

Castrol Q4 results: Net profit rises 25% to Rs 242 crore on healthy demand

Castrol India's profit after tax came in at 2.42 billion rupees ($29.2 million), up from 1.93 billion rupees a year ago, it said in an exchange filing