Page 78 - Latest Updates on Q4 Results

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

BNP Paribas net income falls 50%, misses earnings forecast in Q4

BNP's group sales in the fourth quarter were up 0.1% to 10.9 billion euros, below the 11.4 billion-euro average analyst estimate

Pfizer posts surprise 4th quarter profit, but key products miss on sales

The New York-based drugmaker earned 10 cents per share on an adjusted basis for the fourth quarter. Analysts on average had expected a loss of 22 cents per share, according to LSEG data

'Macrotech Developers aims to generate surplus cash in Q4, reduce debt'

Realty firm Macrotech Developers Ltd will focus on generating surplus cash flow and reducing debt by at least 11 per cent this quarter to Rs 6,000 crore helped by strong housing demand, its MD and CEO Abhishek Lodha said. In an interview with PTI, he expressed confidence in achieving sales bookings guidance of Rs 14,500 crore for this fiscal year on the back of a strong launch pipeline in the current January-March quarter. Mumbai-based Macrotech Developers markets its properties under the Lodha brand. It is one of the leading real estate developers in the country with a major presence in Mumbai Metropolitan Region (MMR) and Pune. "Under new business development, we have already added many land parcels in the first nine months of this fiscal with an estimated revenue potential of Rs 20,300 crore as against the full-year target of Rs 17,500 crore. We will not be adding any meaningful projects this quarter," Lodha said. Macrotech Developers buys land outright and also partners with ..

Tesla set to erase $50 billion in valuation after Elon Musk's sales warning

"The Tesla headlines have essentially gone from bad to worse," said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations

Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier

Nokia Q4 results: Profit drops to $619 mn amid 5G cutback, sales down 23%

Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of 568 million euros ($619 million) for the October-to-December quarter, down from 929 million euros in the same period a year earlier. Nokia is one of the world's main suppliers of 5G, the latest generation of broadband technology, along with Sweden's Ericsson, China's Huawei and South Korea's Samsung. Nokia's net income attributable to shareholders came in at 558 million euros in the fourth quarter, down from 931 million euros the previous year. Nokia's sales also fell 23%, to 5.7 billion euros from 7.5 billion euros. In 2023 we saw a meaningful shift in customer behaviour impacting our industry driven by the macro-economic environment and high interest ..

Ericsson expects decline in 5G demand from telcos despite Q4 earnings beat

After a few years of high demand for 5G equipment, buying by telecom providers slowed last year, prompting firms such as Ericsson and Nokia to lay off thousands of employees to save costs

US Q4 GDP shows annualised 2% rise, expected to crown vigorous second half

While the Fed wants to guard against a re-acceleration of inflation, a further softening of price pressures risks making policy even more restrictive