Page 83 - Latest Updates on Q4 Results

IDFC First Bank Q4 results: Net profit falls 10% to Rs 724 cr, NII up 24%

IDFC FIRST Bank on Saturday reported 10 per cent decline in net profit at Rs 724 crore for the fourth quarter ended March 2024 due to substantial jump in provisions. The lender had earned a net profit of Rs 803 crore in the year-ago period. Total income rose to Rs 9,861 crore from Rs 7,822 crore a year ago, IDFC FIRST Bank said in a regulatory filing. Interest income grew to Rs 8,219 crore during the period under review, from Rs 6,424 crore in the corresponding quarter a year ago. Net Interest Income (NII) grew 24 per cent from Rs 3,597 crore in Q4 FY23 to Rs 4,469 crore in Q4 FY24, it said. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) reduced to 1.88 per cent of gross advances as of March 31, 2024, from 2.51 per cent by the end of March 2023. Net NPAs also came down to 0.60 per cent of the advances from 0.86 per cent at the end of 2024. However, provisions and contingencies increased by 50 per cent to Rs 722 crore in Q4FY24 as compared with Rs 482 cr

RBL Bank Q4 results: PAT jumps 30% to Rs 353 crore, deposits up 22%

Private sector lender RBL Bank on Saturday reported a 30 per cent rise in the post-tax net profit for the March quarter at Rs 353 crore, driven by non-interest income. The Maharahstra-based lender had reported a net profit of Rs 271 crore in the year-ago period. Its core net interest income grew 18 per cent to Rs 1,600 crore on a 20 per cent loan growth. However, it was limited by a compression in the net interest margin to 5.45 per cent against 5.62 per cent a year ago. The other income grew 30 per cent to Rs 875 crore during the reporting quarter. Its managing director and chief executive R Subramaniakumar told reporters that he sees advances continuing to grow in the 20 per cent range going forward as well. The deposit growth came at 22 per cent even in the challenging market. On the asset quality front, overall slippages increased to 0.56 per cent of the assets from the year-ago period's 0.44 per cent and were driven by microlending and also unsecured loans. The gross ...

ICICI Bank Q4 result: PAT up 18.5% at Rs 11,672 cr, NII at Rs 19,093 cr

The bank's standalone net profit rose to a record Rs 10,707.5 crore in the January-March quarter, from Rs 9,122 crore in the same period a year earlier

IBREL Q4 results: Loss narrows to Rs 302 cr, income down at Rs 39.54 cr

Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday. IBREL's ness loss in March quarter FY24 narrowed to Rs 302 crore from Rs 375.99 crore in the year-ago period. Total income fell to Rs 39.54 crore in the quarter from Rs 132.91 crore in the year-ago period. Mumbai-based IBREL is one of the leading real estate developers in the country.

KSB Q4 results: PAT grows 8% to Rs 43 cr, expenses rise to Rs 483 cr

Pumps and valves maker KSB Ltd has reported a 7.75 per cent growth in net profit to Rs 43.1 crore for the quarter ended March 31, 2024. It had clocked a net profit of Rs 40 crore in the year-ago period, the company said in a statement on Saturday. The company follows January to December as financial year. During the quarter under review, the company's expenses rose to Rs 483.3 crore from Rs 432.4 crore a year ago. Sales revenues rose to Rs 544.2 crore from Rs 489.6 crore. This quarter we have registered a steady growth in sales revenue, which is 11.2 per cent higher than that of the corresponding Q1 2023 quarter. Our recent venture into the light water application of nuclear plant segment highlights our ongoing expansion efforts," Prashant Kumar, Vice President of Sales and Marketing, KSB said. The company has received a letter of award for a project worth Rs 63 crore under PM-Kusum scheme from Maharashtra Energy Development Agency for installation of 2,500 solar water pumping .

Q4 results: Demand for SUVs drives Maruti Suzuki earnings rises 47%

The firm's consolidated annual net profits for 2023-24 surged to Rs 13,488.2 crore, marking a 63.2 per cent Y-o-Y increase

Bajaj Finserv Q4 results: Profit rises 20%, total income at Rs 32,042 cr

Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter. The company had posted a net profit of Rs 1,769 crore in the year-ago period. The total consolidated income during the fourth quarter of FY24 increased to Rs 32,042 crore, as against Rs 23,625 crore in the year-ago period, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The Board of Directors has recommended a dividend of Re 1 (100 per cent) per equity share of face value of Re 1, for the financial year ended March 31, 2024. The total amount of dividend outgo would be Rs 159.55 crore as compared to Rs 127.43 crore in the previous fiscal. For the financial year 2023-24, the company witnessed a 27 per cent increase in profit to Rs 8,148 crore, as against Rs 6,417 crore in the previous fiscal. The total consolidated income rose to Rs 1,10,383 crore, as against Rs 82,072 crore i

Shriram Finance Q4 results: Net profit rises 57% to Rs 2,021.28 crore

The gross non-performing asset (NPA) for the quarter reduced to 5.45 per cent, compared to 5.66 per cent in Q3 and 6.21 per cent during the Q4 of FY23

SBI Life Insurance Q4 results: Net profit rises 8% to Rs 811 crore

The net premium income of the largest private life insurer rose 26.23 per cent year-on-year to Rs 25,116 crore in the reporting quarter from Rs 19,896 crore in Q4 FY23

HCLTech Q4 results: Revenue guidance at 3-5%, higher than Infosys' 1-3%

IT firm reported a net profit of Rs 3,986 crore for the quarter ended March 2023 (Q4FY24), up 0.1 per cent on a year-on-year (Y-o-Y) basis

Usha Martin Q4 result: PAT rises 1% to Rs 106 cr, income falls to Rs 838 cr

Usha Martin on Friday reported a marginal 1 per cent rise in consolidated profit after tax (PAT) to Rs 106.33 crore for the March quarter of FY24. The company had posted a PAT of Rs 105.32 crore in the year-ago period, Usha Martin said in a filing to the BSE. The consolidated income in the January-March period declined to Rs 838.5 crore from Rs 866.5 crore in the year-ago period. Commenting on the performance, Usha Martin Non-Executive Director Tapas Gangopadhyay said, "We have concluded the financial year 2023-24 on a positive note with our robust operating cash flows, reflecting strong performance." Despite facing macro-economic challenges, the company managed to generate an 18.6 per cent EBITDA margin during the year, he said. "Notably, our core wire ropes division continued to perform well and contributed 71 per cent to our overall consolidated revenues," Gangopadhyay added. Usha Martin is a leading specialty steel wire rope solutions provider.

Macrotech Developers aims 21% growth in pre-sales to Rs 17,500 cr in FY25

Realty firm Macrotech Developers has set a target to sell properties worth Rs 17,500 crore during the current fiscal, a 21 per cent growth from the previous year, as the company expects housing demand to remain strong, its MD and CEO Abhishek Lodha said. Macrotech Developers, which sells its properties under the Lodha brand, registered a 20 per cent growth in its sale bookings (also called pre-sales) to a record Rs 14,520 crore last fiscal from Rs 12,060 crore in the 2022-23 financial year. "We met our guidance of delivering consistent and predictable 20 per cent growth in the sale bookings during the last fiscal year. The guidance for the current fiscal has been kept at Rs 17,500 crore, again 20 per cent growth from the 2023-24 fiscal," Lodha told PTI in an interview. He expects the housing demand to remain strong amid positive consumer sentiments and high economic growth. "Our best ever quarterly and annual performance showcases the buoyancy in demand for high quality homes in In

NDTV Q4 result: Net loss at Rs 8.74 cr, revenue up 59% on digital expansion

News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction. Revenue from operations rose to Rs 106.52 crore from Rs 66.96 crore in the January-March period. "NDTV Convergence, the company's digital arm also witnessed a significant 39 per cent increase in global digital traffic in March 2024 over April 2023 on its platforms," a company statement said. "The NDTV Group's ability to adapt to evolving consumer preferences and market dynamics has been instrumental in driving this impressive growth," it said. Attrition was down 58 per cent from previous year. During the financial year

Quick Heal Technologies Q4 results: Net profit at Rs 14 cr, revenue up 62%

Global cybersecurity firm Quick Heal Technologies has reported a consolidated net profit of Rs 14.04 crore in the March 2024 quarter. The company had suffered a loss of Rs 6.64 crore in the corresponding quarter of the previous fiscal. Its revenue from contracts with customers rose 62.39 per cent to Rs 80.03 crore against Rs 49.28 crore in Q4 FY23, according to a regulatory filing by the company on Thursday. For FY24, it has reported about four-fold increase in net profit to Rs 24.24 crore from Rs 6.40 crore in FY23. Its revenue for FY24 increased 4.91 per cent year-on-year to Rs 291.75 crore. Quick Heal Technologies CEO Vishal Salvi in a statement said the company's board has approved further investments in new solutions and products to strengthen its portfolio. "We eagerly anticipate the enforcement of the recently announced DPDP Act and are prepared to leverage our data classification solutions to support its implementation," he added. The company's board has proposed a divid

Bank of Maharashtra Q4 results: Net profit up 45% at Rs 1,218 crore

Public sector lender mulls Rs 7,500 crore equity capital raise

Aditya Birla Sun Life AMC Q4 results: Profit grows 54% to Rs 208 crore

Aditya Birla Sun Life AMC on Friday reported a 54 per cent increase in net profit to Rs 208.4 crore for three months ended March 2024. In comparison, the company had posted a net profit of Rs 135.57 crore in the same quarter of the preceding fiscal, the asset management firm said in a filing to the stock exchanges. Total income surged 34 per cent to Rs 440 crore in the January-March period of FY24 from Rs 329 crore in the year-ago period. The company's board of directors in its meeting recommended a dividend of Rs 13.50 per equity share for FY24. For the entire FY24, the company's total income stood at Rs 1,640 crore, marking a jump of 21 per cent year-on-year and net profit was at Rs 780.36 crore in 2023-24, an increase of 31 per cent from the preceding fiscal. ABSL AMC is a leading asset management company in the country with quarterly average assets under management of Rs 3.32 lakh crore as of March this year. Aditya Birla Sun Life AMC, a joint venture between the Aditya Birl

Eveready Q4 results: Profit rises to Rs 8 cr, revenue dips to Rs 281 crore

Eveready Industries India announced a fourth-quarter profit of Rs 8 crore for the period ended March 2024, compared to a loss of Rs 14.39 crore in the corresponding quarter of FY'23, amidst a marginal dip in operational revenue to Rs 281 crore. However, sequentially, the profit saw a marginal decline compared to the December 2023 quarter. The company reported revenues for the full FY24 at Rs 1,314.2 crore, marking a slight decline of one per cent from Rs 1,327.7 crore in FY23. Profit After Tax (PAT) for the year saw a substantial increase of 231 per cent to Rs 66.7 crore in FY'24, against Rs 20.1 crore in FY'23. "Revenue remained moderated primarily due to weak rural demand impacting batteries and flashlights, and industry-wide price deflation affecting the lighting segment. We believe this to be a temporary phenomenon, and we remain optimistic that FY25 will see a turnaround," Suvamoy Saha, Managing Director at Eveready Industries, said.

Mahindra Holidays & Resorts Q4 results: PAT jumps 47.7% to Rs 83.2 cr

Mahindra Holidays & Resorts India Ltd on Friday reported a 47.7 per cent rise in consolidated profit after tax of Rs 83.2 crore for the March 2024 quarter against Rs 56.3 crore a year ago. For the entire 2023-24, the company reported a consolidated profit after tax of Rs 116.05 crore against Rs 113.82 crore in the preceding fiscal, according to a regulatory filing. During the January-March quarter, Mahindra Holidays & Resorts India Ltd reported a total income of Rs 830.34 crore compared to Rs 735.26 crore a year ago. Its total expenses during the quarter under review rose to Rs 720.86 crore from Rs 658.23 crore in the January-March period of the previous year. The company said it has recorded robust member additions at 20,019 during 2023-24, up 15 per cent year-on-year. The company's shares closed at 434.10 apiece, up 1.99 per cent from their previous close on the BSE.

HCLTech Q4 results: Net profit flat at Rs 3,995 crore, revenue up 7%

The board of directors has declared an interim Dividend of Rs 18 per equity share of Rs 2 each of the company for the financial year 2024-25

Mphasis Q4 results: Net profit declines 3% to Rs 393 crore

IT company Mphasis posted a 2.98 per cent decline in consolidated net profit to Rs 393.2 crore in the March quarter of FY24. The company posted a net profit of Rs 405.3 crore in the same period a year ago. The consolidated revenue from operations of Mphasis Group, however, increased marginally to Rs 3,142 crore during the fourth quarter of the previous fiscal from Rs 3,361.2 crore a year ago, the company said in a regulatory filing. During the reporting quarter, Mphasis registered new TCV (total contract value) wins of USD 177 million (about Rs 1,475 crore). "We are experiencing strong growth momentum in Artificial Intelligence (AI) powered deal archetypes, as we look to capture the enterprise demand for AI adoption. "Our ability to orchestrate the ecosystem by bringing technology and people together to solve for customer needs strongly positions us for growth in FY25, while we continue to work around the uncertainties in the overall economic environment," Mphasis, Chief Executive