Page 82 - Latest Updates on Q4 Results

UCO Bank Q4 results: Standalone net profit down 9.5% to Rs 525 crore

UCO Bank on Monday said that its board has approved the issuance of fresh equity shares with a face value of Rs 4,000 crore in the current fiscal year. The Kolkata-based bank also reported a standalone net profit of Rs 525.77 crore for the fourth quarter ended March 2024, a decrease of 9.5 per cent compared to the corresponding period last year. Subject to shareholder approval, the lender will explore various methods like QIP (Qualified Institutional Placement), FPO (Follow-on Public Offer), etc, for issuing 400 crore equity shares of Rs 10 each, the bank informed bourses. This issuance may occur in multiple tranches during FY25. The capital infusion is expected to support the bank's growth plans. UCO Bank's total income for the quarter grew by 17.44 per cent to Rs 6,984.61 crore. The bank also witnessed an improvement in asset quality, with gross NPA falling to 3.46 per cent compared to 4.78 per cent a year ago. The lender further declared a dividend of Rs 0.28 per share for FY24

ICICI Bank stock update: Analysts up EPS, target price post Q4; detail here

ICICI Bank stock news: ICICI Bank stock price gained 4.8 per cent to hit a fresh record high of Rs 1,161 apiece on the BSE. Analysts see up to 25 per cent upside in stock price

PNB Housing Finance Q4 results: Net profit rises 57% to Rs 439 crore

The net fees and other income increased to Rs 110 crore in Q4 FY24 from Rs 33 crore in the corresponding quarter of the year-ago period

Shoppers Stop Q4 results: Consolidated net profit rises 62% to Rs 23 cr

Retail chain Shoppers Stop Ltd on Monday reported a 62.55 per cent rise in consolidated net profit at Rs 23.18 crore in the fourth quarter ended March 31, 2024. The company had posted a consolidated net profit of Rs 14.26 crore in the same period a year-ago, Shoppers Stop said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,046.34 crore as against Rs 923.90 crore in the corresponding period of the previous fiscal. Total expenses in the fourth quarter were higher at Rs 1,049.28 crore compared to Rs 928.78 crore in the same period a year ago. For the fiscal ended March 31, 2024, the company said its net profit was at Rs 77.25 crore, down from Rs 116.01 crore in the previous year. Consolidated revenue from operations in FY24 stood at Rs 4,316.59 crore, up from Rs 4,022.13 crore in FY23, the company said. Shoppers Stop Managing Director & CEO Kavindra Mishra said the company "delivered consistent performance despite continued

KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth

Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins. The Pune-headquartered company's FY24 net profit grew to Rs 598.51 crore from Rs 386.8 crore in the year-ago period. For the reporting quarter, its revenues rose nearly 30 per cent to Rs 1,317.8 crore, while the operating profit margin widened 1.7 per cent to 20.7 per cent. The company announced that it will aim for an 18-22 per cent growth in the topline in the new fiscal, and will get the profit margin number above 20.5 per cent. About the slower revenue growth target for FY25, and if the company is being conservative, its Co-Founder, Chief Executive and Managing Director Kishor Patil told reporters that while it has been consistently showing growth of over 30 per cent in the last four years, it is also true that many changes are happening in the sector and it has taken a "pragmatic" call on the .

Birlasoft Q4 results: Profit rises 60% to Rs 180 cr, revenue up 11%

IT company Birlasoft on Monday reported a 60.55 per cent increase in consolidated net profit to Rs 180.08 crore during the March quarter. The company had recorded a net profit of Rs 112.16 crore in the year-ago period. The Pune-based company's revenue from operations stood at Rs 1,362.5 crore in the fourth quarter of FY24, up 11.10 per cent from Rs 1,226.3 crore a year earlier. According to a company statement, growth during the March quarter was driven by ERP and infrastructure among service lines and banking, financial services and insurance (BFSI), E&U (Energy and Utilities) and manufacturing among verticals. The revenue was led by manufacturing (Rs 571.02 crore), followed by Life Sciences and Services (Rs 301.49 crore), BFSI (Rs 288.36 crore), and E&U (Rs 201.66 crore). "We are pleased to report a robust operating performance for both the quarter and the full year, delivering revenue growth as well as margin expansion in the face of continued macro uncertainty," Birlasoft .

Stock Market Highlights, April 29: Sensex soars 941 pts led by ICICI Bk, SBI; Nifty nears 22,650

Stock market highlights on April 29, 2024: ICICI Bank led the banking index with the gains of over 4.30 per cent. ICICI Bank was also the top gainer on both BSE and NSE, when the market closed

YES Bank Q4 results: Net Profit up 123.2% at Rs 452 cr, NII at Rs 2,153 cr

Its gross non-performing asset ratio improved to 1.7 per cent at the end of March from 2 per cent at the end of December

Bank shares dazzle; ICICI m-cap hits Rs 8 trn; SBI, Indian Bk soar up to 5%

Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.

Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat

The fall came as investors booked profit after the company posted strong March quarter performance

YES Bank shares zoom 9% as profit jumps 123%, asset quality improves

YES Bank's profit jumped over 123 per cent to Rs 452 crore in Q4FY24, as opposed to Rs 202.43 crore reported in Q4 FY23

Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%

At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels

Stock to Watch, April 29: ICICI Bk, HCL Tech, YES Bk, Ircon, Maruti, Cipla

Stocks to Watch on Monday, April 29,2024: The net profit of private lender ICICI Bank rose by 17.4 per cent to Rs 10,708 crore in the fourth quarter of financial year 2023-24 (Q4FY24)

Gift Nifty hints gap-up open, check key levels; Q4 nos, FII flows in focus

Stock market preview Monday, April 29: Gains in global peers and healthy Q4 earnings so far likely to help Sensex, Nifty start the holiday-shortened week on a positive note. UltraTech Cement Q4 today.

Early bird top line growth fastest in four quarters; BFSI leads the charge

IT, manufacturing laggards in Q4 so far

L&T Finance Q4 results: Net profit up 11%, NIM plus fees stands at 11.15%

As for full financial year FY24, net profit rose by 43 per cent to Rs 2,320 crore as against Rs 1,623 crore on FY23

L&T Finance Q4 results: PAT up 11% at Rs 554 cr, retail book grows 31%

The company reports strong retail franchise with a retail book size of Rs 80,037 crore

ICICI Bank Q4 result: Net profit up 17% at Rs 10,708 cr, NIM slips 4.40%

The private lender plans to raise funds by issuing debt securities and proposed a dividend of Rs 10 per share, subject to approval of the board

Shakti Pumps Q4 results: PAT surges to Rs 90 cr, revenue jumps 41.7%

Shakti Pumps on Saturday posted a multifold jump in its consolidated profit after tax to Rs 89.70 crore during the quarter ended March 2024 on the back of higher revenues. It had clocked a net profit after tax (PAT) of Rs 2.2 crore during the fourth quarter of the preceding fiscal, the company said in a statement. During FY24, the company's PAT grew manifold to Rs 141.7 crore from Rs 24.1 crore in FY23. Its revenues surged over three-fold to Rs 609.3 crore from Rs 182.7 crore in the year-ago quarter. In FY24, Shakti Pumps' revenue jumped 41.7 per cent to Rs 1,370.7 crore from Rs 967.7 crore in FY23. Shakti Pumps (India) Limited Chairman Dinesh Patidar said, "FY24 has been a remarkable year for SPIL, as the company delivered its strongest performance ever in terms of revenue and profitability. This is well supported by our outstanding performance in both our government and export businesses, which reported a revenue growth of 52 per cent and 23 per cent YoY, respectively, in FY24".

YES Bank Q4FY24 results: Net Profit more than doubles to Rs 452 cr

YES Bank Q4FY24 results: Bank's non-interest income surge, offsetting NIM decline; witness slippages in unsecured book