Page 81 - Latest Updates on Q4 Results

Karnataka Bank Q4 results: Net profit up 171.5%, dividend declared

The Bank's annual consolidated net profit stood at Rs 1,179.68 crore for FY23

Salasar Techno Engineering Q4 doubles to Rs 14.73 cr due to higher income

Salasar Techno Engineering Ltd's (STEL) consolidated net profit has doubled to Rs 14.73 crore during the January-March quarter of 2022-23 compared to the year-ago period, helped by higher income. It had clocked a net profit of Rs 7.13 crore in the January-March quarter of 2021-22, according to a regulatory filing. Total income increased to Rs 269.32 crore from Rs 212.71 crore in the year-ago quarter, registering a rise of 35 per cent over the year-ago period. Expenses were at Rs 276.46 crore as against Rs 204.03 crore a year ago. The New Delhi-based firm recently secured its first offshore contract of Rs 143 crore from the Nepal government. STEL carries out engineering, designing, procurement, fabrication, and galvanisation work for telecom players besides manufacturing of steel structurals.

Godfrey Phillips India Q4 net up 6.4% to Rs 110 cr, revenue rises 14.3%

Cigarette maker Godfrey Phillips India Ltd on Saturday reported an increase of 6.41 per cent in its consolidated net profit to Rs 110.54 crore for the quarter ended March 2023. The company had posted a net profit of Rs 103.88 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing. Its revenue from operations was up 14.33 per cent to Rs 968.40 crore during the quarter under review as against Rs 846.95 crore in the corresponding period of the previous fiscal. Godfrey Phillips' total expenses were at Rs 869.01 crore, up 17.8 per cent in Q4/FY 23, as against Rs 737.72 crore. Its revenue from cigarettes, tobacco and related products was Rs 874.15 crore. While revenue from retail and related products was Rs 100.98 crore as against Rs 83.52 crore in the fourth quarter last fiscal, it said. Godfrey Phillips operates the convenience store chain 24Seven. For the fiscal year ended March 2023, Godfrey Phillips India's net profit was

Barbeque Nation posts Q4 loss of Rs 11.60 cr, revenue up 11.6% to Rs 280 cr

Quick service restaurant operator Barbeque-Nation Hospitality Ltd has reported a net loss of Rs 11.60 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 0.48 crore during the January-March period a year ago, Barbeque-Nation Hospitality said in a regulatory filing. Its revenue from operations was up 11.64 per cent to Rs 280.23 crore during the quarter under review as against Rs 251 crore in the corresponding period of the previous fiscal. Total expenses of the company were at Rs 240.36 crore, up 16.41 per cent in Q4/FY23. Its total revenue in the March quarter was Rs 282.47 crore. However, for the fiscal ended March 2023, Barbeque-Nation posted a net profit of Rs 19.14 crore. It reported a net loss of Rs 25.19 crore in FY22. Its revenue from operations was up 43.36 per cent to Rs 1,233.75 crore in FY23. "During the year, the Company added 39 new restaurants resulting in total count of 216. Total restaurants included 14 Toscano restaurants

Power Finance Corp Q4 profit rises 44% to Rs 6,128 cr on higher revenues

State-owned Power Finance Corporation (PFC) on Saturday posted an over 44 per cent jump in its consolidated net profit to Rs 6,128.63 crore in March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 4,295.90 crore in the quarter ended on March 31, 2022, according to a BSE filing. Total income in the quarter rose to Rs 20,074.11 crore from Rs 18,873.55 crore in the same period a year ago. The consolidated net profit of the company in fiscal 2022-23 also increased to Rs 21,178.59 crore from Rs 18,768.21 crore in the previous financial year. In the fiscal, total income grew to Rs 77,625.19 crore as against Rs 76,344.92 crore in 2021-22. The company's board has recommended a final dividend Rs 4.50 per equity share on the face value of the paid-up equity shares of Rs 10 per share for FY 2022-23.

ONGC posts Rs 248-crore loss in Q4 on tax provisions; profit down 3.7%

India's top oil and gas producer ONGC posted a surprise loss in the March quarter after it made over Rs 12,100 crore provision for a contested tax liability. Oil and Natural Gas Corporation (ONGC) reported a net loss of Rs 247.70 crore in the January-March quarter as compared to a net profit of Rs 8,859.54 crore a year back, according to a company statement. Service tax department at various work centres had raised a demand for payment of service tax on the royalty the company paid to the state and central government on crude oil and natural gas it produces from below ground. The company challenged the demands in courts. While the matter is pending in courts, "as an abundant caution, the company has deposited the disputed service tax and GST on royalty along with interest under-protest amounting to Rs 11,558 crore up to March 31, 2023," the notes to the accounts said, adding Rs 1,862 crore towards penalty and other differences in the tax demands has also been disclosed as contingent

PTC India Q4 net profit dips 17.67% to Rs 129 cr on higher expenses

Power trading solution provider PTC India Ltd on Saturday posted a 17.67 per cent fall in its consolidated net profit at Rs 129.34 crore during the March quarter, dragged by higher expenses. Its net profit was Rs 157.11 crore during the January March quarter of FY22, the company said in a regulatory filing. The company's total income, however, rose to Rs 3,643.02 crore from Rs 3,107.04 crore in the year-ago quarter. Expenses too grew to Rs 3,471.95 crore as against Rs 2,890.57 crore a year ago.

Triveni Engineering & Industries Q4 net profit rises 74% to Rs 190 crore

Triveni Engineering & Industries Ltd's net profit has risen 74 per cent to Rs 190.31 crore in the fourth quarter of the last fiscal year. Its net profit stood at Rs 109.17 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 1,839.86 crore in the January-March quarter of 2022-23 from Rs 1,195.08 crore in the corresponding period of the preceding year. Triveni Engineering & Industries Ltd is into sugar as well as engineered-to-order high speed gears & gearboxes. It is also into water and wastewater management business. During the full 2022-23 fiscal, the net profit jumped to Rs 1,791.80 crore from Rs 424.06 crore in the previous year. Total income grew to Rs 6,390.51 crore in 2022-23 from Rs 4,716.23 crore in the previous year.

GIC Re net profit jumps 43% on year to Rs 2,564 cr in Jan-Mar quarter

GIC Re on Friday posted a 43 per cent rise in net profit to Rs 2,564 crore for the fourth quarter ended March 2023. The state-owned re-insurer had earned a profit of Rs 1,795 crore in the same quarter a year earlier. During the quarter, the company collected a gross premium of Rs 7,369.74 against Rs 10,303.81 crore in the year-ago period, GIC Re said in a regulatory filing. The net commission also declined to Rs 823.93 crore compared to Rs 2,003.48 crore in the corresponding quarter of the previous fiscal. For the entire 2022-23, GIC Re recorded a three-fold rise in net profit to Rs 6,312.50 crore from Rs 2,005.74 crore in the preceding financial year. The solvency Ratio of the company increased to 2.61 from 1.96 at the end of March 2022. The total Assets of the company rose to Rs 1,57,124.60 crore against Rs 1,44,887.37 crore in the previous year. GIC Re is the largest reinsurer in the domestic reinsurance market in India and leads most of the domestic companies' treaty program

Shree Renuka Sugars Q4 results: Net profit declines 72% to Rs 42.8 crore

The company's revenue from operation rose by 7.16 per cent to Rs 2,328 crore for the March quarter as compared to Rs 2,172 crore in the year-ago period

Capacit'e Infraprojects Q4 net profit grows 90% on year to Rs 21.65 cr

Construction firm Capacit'e Infraprojects Ltd on Friday posted an over 90 per cent jump in its consolidated net profit to Rs 21.65 crore for the March 2023 quarter, backed by higher income. It had clocked a net profit of Rs 11.39 crore during the January-March quarter of the preceding 2021-22 fiscal, the company said in a regulatory filing. The company also reported a rise in its total income to Rs 448.56 crore against Rs 348.58 crore in the year-ago quarter. Expenses stood at Rs 411.99 crore compared to Rs 332.81 crore a year ago. In a statement, the company said its EBITDA (earnings before interest, taxes, depreciation and amortisation) for Q4 FY23 grew 46 per cent to Rs 85 crore compared to Rs 58 crore in Q4 FY22. While the EBITDA margin for Q4 FY23 rose 19.4 per cent from 16.7 per cent in Q4 FY22. The order book on a standalone basis stood at Rs 9,513 crore as of March 31, 2023. "The performance (of the company) has been remarkable as we continued to accelerate profitable gro

Info Edge slips into red in Q4, writes off investment in Bizcrum Infotech

Revenue from operations saw a 28 per cent year-on-year (YoY) uptick to Rs 604.8 crore in Q4, up from Rs 472.9 crore in the same period last year

GE Power India consolidated loss narrows to Rs 129.70 cr in March quarter

GE Power India on Friday said its consolidated net loss narrowed to Rs 129.70 crore in the quarter ended March 2023. It had reported a consolidated net loss of Rs 179.10 crore in the year-ago period, according to a BSE filing. Its total income in the March 2023 quarter stood at Rs 359.43 crore against Rs 618.86 crore a year ago. The consolidated net loss in the fiscal 2022-23 rose to Rs 440.58 crore from Rs 288.82 crore in 2021-22. The total income in the fiscal declined to Rs 1,884.03 crore from Rs 2,758.67 crore in 2021-22. The company's (March) quarter ended (QE) with an order backlog of Rs 3,615.3 crore. "We continue to progress on the turnaround of GE Power India Limited operations, but it is taking longer than expected due in part to the slowdown in the FGD market. The upgrade market has grown in size, but here as well conversion to orders is slower than we anticipated," Prashant Jain, Managing Director of GE Power India, said in a statement. The segment where the company

Sun Pharma back in black with Rs 1,984-crore net profit in Q4 FY23

The company reported an Ebitda of Rs 2,802 crore, up 19.7 per cent YoY, with a resulting Ebitda margin of 25.6 per cent for Q4 of FY23

NCC posts 21% fall in Q4 PAT to Rs 191 cr, operational revenue up 42.3%

The company's consolidated net profit after tax fell to 1.91 billion rupees ($23.12 million) in the three months ended March 31, from 2.42 billion rupees a year earlier

BHEL reports 34.2% fall in net profit as higher material costs weigh

Total expenses rose 5.4% due to a sharp rise in input costs led by raw materials that had gone up 23.9% year-on-year

Samvardhana Motherson int'l Q4 net profit jumps five-fold to Rs 654 cr

Auto component major Samvardhana Motherson International on Friday said its consolidated net profit surged over five-fold to Rs 654 crore for the fourth quarter ended March 2023, aided by robust sales. The company reported a net profit of Rs 122 crore in the January-March quarter of 2021-22. Its total revenue from operations rose to Rs 22,477 crore in the fourth quarter compared to Rs 17,241 crore in the year-ago period. For the year ended March 31, 2023, the company said its net profit rose to Rs 1,496 crore against Rs 874 crore in FY22. The total revenue from operations increased to Rs 78,701 crore last fiscal compared to Rs 63,774 crore in 2021-22. "With the support of our customers and the hard work of our teams, the company has ended the year with strong performance," Motherson Chairman Vivek Chaand Sehgal said. The robust booked business of nearly USD 70 billion is a reflection of customer trust in Motherson, he added. The company said its board recommended a dividend of R

Jain Irrigation Q4 profit jumps to Rs 976 cr; reduces debt by Rs 2,800 cr

Jain Irrigation on Friday reported a more than three-fold jump in its consolidated net profit to Rs 976.9 crore during the March 2023 quarter and reduced debt by Rs 2,800 crore post-merger of its global arm with Rivulis. The company had posted a consolidated net profit of Rs 279.06 crore in the year-ago period, according to a regulatory filing. Its total income increased 27.14 per cent to Rs 1,745.41 crore during the fourth quarter of 2022-23 from Rs 1,372 crore a year ago. For the full 2022-23, the company's net profit more than doubled to Rs 831.94 crore compared to Rs 328.63 crore in FY22. The total income increased to Rs 5,761.80 crore from Rs 4,749.94 crore in the said period. "The company is back on track. Overall, it has been a good quarter. We have successfully completed the merger of Jain International Trading with Rivulis (backed by Singapore-based Temasek Group). This transaction has helped reduce the company's debt by Rs 2,800 crore," Jain Irrigation CEO and Vice ...

Inox Green Energy Services loss narrows to Rs 1.61 cr in March quarter

Inox Green Energy Services on Friday said its consolidated net loss narrowed to Rs 1.61 crore in the March 2023 quarter. The company had reported a consolidated net loss of Rs 1.96 crore in the quarter ended March 2022, a BSE filing showed. Its total income rose to Rs 73.33 crore in the March quarter from Rs 60.51 crore a year ago. The company's loss also narrowed in fiscal 2022-23 to Rs 20.36 crore from Rs 93.14 crore in 2021-22. The total income in the fiscal rose to Rs 294.17 crore from Rs 190.24 crore in 2021-22. The board also approved the increase in the authorised share capital of the company from the existing Rs 500 crore to Rs 600 crore by the creation of additional 10 crore equity shares of Rs 10 each and the consequent amendment to the Share Capital Clause of the Memorandum of Association of the Company.

M&M Q4 results: PAT grows 18% to to Rs 2,637 crore on robust performance

Company announces dividend of Rs 16.25 per share for FY23