Page 79 - Latest Updates on Q4 Results

Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results

As on March 31, 2023, Centum had a strong order book position of Rs 1,538 crore as compared to Rs 1,090 crore at the end of the previous financial year 2021-22

India's GDP grows 6.1% in Q4, 7.2% in 2022-23; beats analysts' expectations

Manufacturing and construction sectors surprise on the upside

BFSI firms drive earnings of India Inc to a record high in Q4FY23

By comparison, their combined net sales (gross interest income for BFSI companies) were up 14.3 per cent YoY to Rs 33.2 trillion in Q4FY23, from Rs 29 trillion a year ago

Welspun Corp net profit falls 8.90% to Rs 240 cr in March quarter

Welspun Corp Ltd (WCL) posted an 8.90 per cent decline in its consolidated net profit to Rs 240.08 crore for the January-March quarter, hit by higher expenses. It had clocked a net profit of Rs 263.56 crore during the January-March quarter of the preceding financial year (FY) 2021-22, the company said in a regulatory filing. The company's total income rose to Rs 4,132.38 crore, from Rs 2,413.48 crore in the year-ago quarter. Its expenses rose to Rs 3,835.55 crore from Rs 2,033.16 crore in the January-March period of FY22. In a separate statement, B. K. Goenka, Chairman, Welspun Group said, "We have seen flawless execution and delivery for our customers resulting in strong cash flows and a substantial reduction in net debt. The acquisition of the plastic products business of Sintex has given us a head start in our foray into the B2C segment. "This will result in significant value creation for all our stakeholders in addition to providing growth to the existing business portfolio."

TARC posts Rs 1.52 cr profit in Q4, revenue jumps 3-fold to Rs 135.53 cr

Realty firm TARC Ltd has reported a consolidated net profit of Rs 1.52 crore for the fourth quarter ended March 2023. Its net loss stood at Rs 242.74 in the year-ago period. Its total income rose to Rs 135.53 crore in the fourth quarter of the last fiscal from Rs 42.43 crore a year ago, according to a regulatory filing. During the full 2022-23 fiscal, TARC posted a net profit of Rs 20.36 crore against a net loss of Rs 232.75 crore in FY22. The total income rose to Rs 374.66 crore in the last fiscal from Rs 300.68 crore in 2021-22. On the operational front, the Delhi-based realty firm achieved sales bookings of Rs 520 crore in the last fiscal against a target of Rs 400 crore. The company is developing many projects in the Delhi-NCR market.

EID Parry reports consolidated PAT at Rs 286.90 cr in March quarter

Sugar manufacturer EID Parry (India) Ltd reported a consolidated profit after tax for the quarter ending March 31, 2023 at Rs 286.90 crore, the company said on Wednesday. The company, which is a part of city-based Murugappa Group, had registered consolidated profit after tax (PAT) at Rs 428.96 crore in the corresponding quarter of previous year. For the year ending March 31, 2023, the consolidated profit after tax grew to Rs 1,827.74 crore from Rs 1,573.70 crore registered a year ago. The consolidated total income during the quarter under review surged to Rs 6,865.28 crore from Rs 5,756.35 crore registered in the same period for the previous year. For the year ending March 31, 2023 the consolidated total income went up to Rs 35,283.02 crore from Rs 23,743.798 crore registered a year ago. The sugar division reported a consolidated operating profit at Rs 176 crore, while the corresponding quarter of previous year's profit was at Rs 194 crore for the quarter. The farm inputs divisio

Mankind Pharma's profit after tax up 52% at Rs 294 cr in March quarter

Mankind Pharma on Wednesday reported 52 per cent increase in consolidated profit after tax (PAT) at Rs 294 crore for March quarter 2022-23, aided by robust sales. The company had logged a PAT of Rs 193 crore in January-March 2021-22. Revenue from operations rose to Rs 2,053 crore from Rs 1,726 crore in the year-ago period, Mankind Pharma said in a statement. In 2022-23, the PAT declined 10 per cent to Rs 1,310 crore from Rs 1,453 crore in the previous year. "The company maintained its strong growth trajectory during the year..our consumer healthcare business has maintained its double-digit growth with dominant brand leadership in its categories," Mankind Pharma Vice Chairman and Managing Director Rajeev Juneja said. Earlier this month, the Income Tax Department conducted raids on the premises of the company over allegations of tax evasion.

Tega Industries freezes at 10% upper circuit on strong Q4 results

Thus far in the calendar year, the stock has zoomed 56 per cent, as compared to 2.3 per cent rise in the S&P BSE Sensex.

Indo Count hits 52-week high, up 10% on healthy Q4 operational performance

The demand trajectory for home textiles, which had materially slowed down in key geographies such as the US, UK and Europe was gradually picking up pace.

Torrent Pharma surges 8%, hits record high post March quarter results

Torrent's branded generics business India continues to perform well with focus on curatio acquisition and focus on power brands besides consumer business foray.

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

Uflex Q4 profit falls to Rs 83 lakh, revenue down 14% to Rs 3,320 cr

Packaging material manufacturer Uflex Ltd on Tuesday reported a 99.7 per cent decline in its consolidated net profit to Rs 83 lakh for the fourth quarter ended March 31, 2023 due to currency exchange losses. The company had posted a net profit of Rs 350.59 crore during the January-March quarter a year ago, Uflex said in a regulatory filing. Its revenue from operation was down 14 per cent to Rs 3,320.18 crore during the quarter under review as against Rs 3,861.86 crore in the corresponding period of the previous fiscal. Uflex's total expenses were at Rs 3,306.15 crore, down 4.37 per cent in the last quarter of FY23, as against Rs 3,457.39 crore. Its total income in the March quarter was at Rs 3,393.51 crore, down 14.15 per cent. For the fiscal ended March 2023, Uflex's net profit fell 56.27 per cent to Rs 480.76 crore from Rs 1,099.43 crore in FY22. "The profitability in FY23 was impacted by unprecedented currency devaluation in Egypt and currency exchange loss on account of the U

V-Guard net profit declines 41.14% to Rs 52.7 cr in March quarter

Electrical goods manufacturer V-Guard Industries Ltd on Tuesday reported a 41.14 per cent decline in consolidated net profit to Rs 52.72 crore for the fourth quarter ended March 2023. It had posted a net profit of Rs 89.57 crore in the January-March period last fiscal, V-Guard Industries said in a regulatory filing. However, its revenue from operations rose 7.64 per cent to Rs 1,140.14 crore during the period under review. It was Rs 1,059.16 crore in the corresponding period a year ago. "The PAT in the base period was higher due to tax reversal on account of migration to the new tax regime," said V-Guard in its earning statement. V-Guard's total expenses increased 11.31 per cent to Rs 1,070.70 crore in the fourth quarter of FY23. "South markets witnessed a YoY decline of 3.3 per cent whereas Non-South markets witnessed YoY growth of 9.7 per cent in Q4 FY23," said V-Guard. Its Non-South markets contributed to 45.7 per cent of total revenues in Q4 FY23 compared to 42.6 per cent in

Jagran Prakashan net profit falls 55.8% at Rs 23.27 cr in March quarter

Jagran Prakashan Ltd, the publisher of the Hindi daily Dainik Jagran, on Tuesday reported a 55.86 per cent decline in its consolidated net profit to Rs 23.27 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 52.73 crore during the January-March quarter a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing. Its revenue from operations increased 8.19 per cent to Rs 459.38 crore during the quarter under review against Rs 424.58 crore in the year-ago period. This quarter also "includes impairment of goodwill and investment in associates of Rs 72.96 crore", the company said in its earning statement. JPL's total expenses surged 28.85 per cent to Rs 486.92 crore in Q4 FY23 compared to Rs 377.87 crore a year ago. Its total income in the March quarter was Rs 512.25 crore, up 16.13 per cent. For the fiscal ended March 2023, JPL's net profit was down 9.26 per cent at Rs 196.78 crore against Rs 216.87 crore in FY22. However, its consolidated reve

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore

Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

IMFA standalone net profit falls over 50% to Rs 63.65 cr in March quarter

Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday posted over a 50 per cent fall in its standalone net profit to Rs 63.65 crore in the March 2023 quarter, dragged by lower revenues. It had clocked a net profit of Rs 142.63 crore during the January-March quarter of 2021-22, IMFA said in a statement. The company's revenues also fell to Rs 636.90 crore from Rs 756.71 crore in the year-ago period. IMFA Managing Director (MD) Subhrakant Panda said, "While commodity prices have cooled off from last year's exceptional levels leading to a decline in profitability, FY23 performance is still creditable. The slowdown globally represents a challenge for the ferrochrome industry but we remain confident about the current year's outlook, given the strength of our balance sheet and fully integrated business model". The company's 1 lakh tonne per annum ferro chrome expansion project at Kalinganagar is on track, he added. Headquartered in Bhubaneswar (Odisha), IMFA is India's leading fully ...

APSEZ Q4 results: Consolidated net profit rises 2.63% to Rs 1,140.97 cr

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 2.63 per cent rise in consolidated net profit to Rs 1,140.97 crore for the fourth quarter ended March 2023. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,111.63 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Its consolidated total income increased to Rs 6,179.12 crore for the fourth quarter of the last fiscal against Rs 4,739.08 crore in the year-ago period. The total expenses also rose to Rs 3,993.62 crore in the quarter under review from Rs 3,497.49 crore a year ago.

Patanjali Foods Q4 results: Net profit after tax rises 12.8% to Rs 264 cr

The company's total revenue from operation rose by 18.14 per cent to Rs 7,873 crore for the March quarter as compared to Rs 6,664 crore in the year-ago period

Consumer durables companies' Q4 performance dampened by unseasonal rain

Industrial demand buoyant during Jan-March period

Suzlon posts Rs 320 cr net Q4 profit, total income falls to Rs 1,699 cr

Renewable energy solution provider Suzlon on Tuesday posted a consolidated net profit of Rs 319.99 crore for the March 2023 quarter, mainly due to lower expenses. The company reported a consolidated net loss of Rs 205.52 crore in the quarter ended on March 31, 2022, a BSE filing showed. Its total income from operation dipped to Rs 1,699.96 crore in the quarter from Rs 2,478.73 crore a year ago. The total expenses of the company also declined to Rs 1,628.39 crore in the quarter from Rs 2,511.70 crore. It has also posted a consolidated net profit of Rs 2,887.29 crore for the full fiscal 2022-23. It had reported a net loss of Rs 176.55 crore in 2021-22. The company's total income in the fiscal also dipped to Rs 5,990.16 crore from Rs 6,603.97 crore in 2021-22. Girish Tanti, Vice Chairman, Suzlon Group, said, "As evident from these results, we have closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW technology platform". JP Chalasani, Chief