Consolidated profit rose to 1.58 billion rupees ($19.12 million) for the three months ended March 31, from 1.33 billion rupees a year earlier
The company declared a dividend of Rs 10 per share
The company's consolidated revenue from operation rose by 15.7 per cent to Rs 10,931 crore for the March quarter as compared to Rs 9,447 crore in the year-ago period
Engineering solutions provider Axiscades Technologies has posted a 55 per cent jump in its consolidated net profit to Rs 16.05 crore in the fourth quarter ended March 2023, backed by higher income. It had clocked a net profit of Rs 10.64 crore during the January-March quarter of the preceding 2021-22 fiscal, the company said in a regulatory filing on Thursday. The company's total income rose to Rs 222.07 crore in the March 2023 quarter from Rs 195.55 crore in the year-ago period. In a statement, the company said it has also signed a strategic partnership with auto components maker Mangal Industries Ltd, a part of the Amara Raja Group, to provide engineering services. Its CEO and MD Arun Krishnamurthi said: "The quarter & year under review mark a significant achievement along with significant improvement in profitability. Our integration with Mistral business is progressing as per plan and we continue to synergise our offerings to our current and potential customer base across the .
Mahindra & Mahindra on Friday said its consolidated profit after tax increased by 18 per cent to Rs 2,637 crore for the fourth quarter ended March 31, riding on the back of robust performance across automotive, farm equipment and financial services business verticals. The Mumbai-based company had reported a profit after tax (PAT) of Rs 2,237 crore in the January-March quarter of 2021-22 fiscal. Revenue increased to Rs 32,366 crore for the fourth quarter of FY23, as compared to Rs 25,934 crore in the year-ago period. For the year ended March 31, 2023, the company posted a consolidated PAT of Rs 10,282 crore, up 56 per cent, from Rs 6,577 crore in FY22. The company said the FY23 profit is the highest-ever profit reported by the company in a fiscal year. Revenue rose to Rs 1,21,269 crore last fiscal, as against Rs 90,171 crore in 2021-22 fiscal, an increase of 34 per cent. "It has been a blockbuster year for the group. Auto led the way with record-breaking launches, as we regained .
The stock of heavy electric equipment company traded higher for the fifth straight day, and zoomed 82 per cent after the company reported strong March quarter earnings (Q4FY23)
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State-owned SAIL has posted over 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore for the quarter ended March 31, dragged down by lower income. It had clocked a net profit of Rs 2,478.82 crore during the January-March quarter of the preceding 2021-22 financial year (FY), the company said in a regulatory filing on Thursday. The company also reported a sharp fall in its total income to Rs 29,416.39 crore, from Rs 31,175.25 crore in the year-ago quarter. In a separate statement, SAIL said its crude steel production during the last quarter of FY23 was at 4.95 million tonnes (MT), higher from 4.60 MT a year ago. SAIL's sales were down at 4.68 MT, as against 4.71 MT in January-March FY22. The board of the company has also recommended Re 0.50 per share as final dividend for FY23. "Higher prices of coal and volatility of steel prices have impacted the margins of SAIL. In the current financial year, the company is taking strategic steps for improving the performance,"
The company said it experienced some impact on profitability due to higher inventory levels acquired during an inflationary period and lower than optimal capacity utilization.
The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain.
Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.
However, 4G customer count grew by a million sequentially to 122.6 million
The board of directors approved the re-appointment of Tarun Sawhney as managing director of the company for a further period of five years
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The company's consolidated revenue from operation rose by 5.14 per cent to Rs 6,236 crore for the March quarter
Ircon International Ltd on Thursday said it has posted a 25 per cent growth in its profit after tax at Rs 248.18 crore during the March quarter, helped by higher income. It had clocked Rs 197.09 crore profit after tax (PAT) during the January-March quarter of the 2021-22 financial year (FY), Ircon International said in a statement. Total revenue of the company rose 31.72 per cent to Rs 3,773.97 crore from Rs 2,865.12 crore in the year-ago quarter. As on March 31, 2023, the company's total order book stood at Rs 35,195 crore. The company's board has recommended a final dividend of Rs 1.20 per equity share on a face value of Rs 2 per share for FY23. State-owned Ircon International Ltd is a leading turnkey construction company. The company has executed projects operated in the areas of railway construction, including ballast less track, electrification, tunnelling, signal & telecommunication.
The company's consolidated revenue from operation rose by 4.5 per cent to Rs 343 crore for the March quarter as compared to Rs 328 crore in the year-ago period
Revenues from operations at Rs 835.95 crore in Q4FY23 was higher by 8.8 per cent from the year-ago period
Agrochemical firm Dhanuka Agritech on Thursday reported a 20 per cent increase in consolidated net profit to Rs 65.30 crore for the quarter ended March 2023 on higher income. Its net profit stood at Rs 54.40 crore in the year-ago period. The total revenue rose to Rs 385.97 crore in the fourth quarter of the last fiscal from Rs 330.48 crore in the preceding year, according to a regulatory filing. Net profit increased to Rs 233.50 crore in the 2022-23 fiscal from Rs 208.89 crore in FY22. Its total revenue surged to Rs 1,744.97 crore in the last fiscal from Rs 1,511.36 crore. "Dhanuka Agritech has achieved a turnover of Rs 1,700 crore first time in its history. The net profits are Rs 233 crore, which is the highest since the inception of the company. This achievement is commendable despite all odds," Dhanuka Agritech Vice Chairman and Managing Director MK Dhanuka said in a statement. He said the rainfall was erratic in Karif and Rabi seasons. "The pest infestation was also low due
Zee posted a consolidated net loss of 1.96 billion rupees ($23.7 million) for the fourth quarter ended March 31, against a profit of 1.82 billion rupees a year ago, a regulatory filing showed