Page 83 - Latest Updates on Q4 Results

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

BEML profit grows 18% YoY to Rs 158 cr in Jan-Mar quarter as expenses dip

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

Grasim Industries Q4 results: Net profit falls 91% to Rs 93.51 crore

The company declared a dividend of Rs 10 per share

Sun Pharma Q4: Consolidated net profit at Rs 1,984 crore, revenue up 15%

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

Axiscades Technologies net profit grows 55% YoY to Rs 16 cr in Q4

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 Q4 PAT at Rs 2,637 cr; FY23 profit rises 56% to Rs 10,282 cr

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 .

Stock of this heavy electric equipment company has zoomed 82% in 5 days

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)

Nykaa, Paytm, Zomato: How to trade new-age companies post Q4 results?

Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts

SAIL net profit falls 50% YoY to Rs 1,159.21 cr in Jan-Mar quarter

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,"

Weak Q4 performance drags Page Industries to 19-month low; stock sinks 15%

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.

Zee Entertainment hits 52-week low, down 2% on weak March quarter earnings

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 today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

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.

Vi cuts net loss to Rs 6.4K crore; logs first post-merger revenue rise

However, 4G customer count grew by a million sequentially to 122.6 million

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

The board of directors approved the re-appointment of Tarun Sawhney as managing director of the company for a further period of five years

Street gives a thumbs up to LIC's results; most analysts bullish on stock

Analysts see an upside of over 24% in insurer's stock in one year

IRFC Q4 results: Profit falls 11% to Rs 1,328 crore, revenue up 5%

The company's consolidated revenue from operation rose by 5.14 per cent to Rs 6,236 crore for the March quarter

Ircon International Q4 PAT grows 25% to Rs 248 cr, total revenue up 31%

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.

Jubilant Industries Q4 consolidated net profit rises to Rs 18.78 crore

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