Page 88 - Latest Updates on Q4 Results

Q4 results, FII trading activity to guide markets this week: Analysts

Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or 0.60 per cent. "Global and domestic macroeconomic data, crude oil prices, global market trends, Foreign Institutional Investors (FIIs) and domestic institutional investors (DIIs) activity will be monitored this week. "Earnings season will continue to be in focus with companies like BPCL, Ashok Leyland, NMDC, Hindalco, Oil India, LIC, Vodafone Idea, BHEL, ONGC, and many more will be declaring their results this week," Arvinder Singh Nanda, Senior Vice-President at Master Capital Services Ltd, said. Globally, investors would continue to focus on the US debt ceiling negotiations, Nanda added. US President Joe Biden's administration is

Sun TV Networks Ltd PAT falls 7.25% to Rs 380.4 cr in March quarter

South India-based broadcaster Sun TV Networks Ltd on Friday reported a decline of 7.25 per cent in its consolidated profit after tax (PAT) at Rs 380.40 crore for the March 2023 quarter. The company had reported a PAT of Rs 410.17 crore in the January-March period a year ago, Sun TV Network said in a BSE filing. Its revenue from operations was Rs 840.36 crore, 1.92 per cent lower, during the period. It was Rs 856.85 crore in the year-ago period. Sun TV Networks' total expenses in the fourth quarter stood at Rs 427.75 crore against Rs 367.09 crore in Q4 FY22. Its total income during the March quarter was Rs 926.20 crore. Sun TV said: "The results for the quarter and year ended March 31, 2023, includes income from the Holding Company's Cricket franchises (SunRisers Hyderabad and SunRisers Eastern Cape) for season 2023 of Rs 36.96 crore and Rs 287.27 crore, respectively". Sun TV Network operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam,

Crompton Greaves Q4 profit falls 25.4% to Rs 131.5 cr, revenue from ops up

Crompton Greaves Consumer Electricals Ltd on Friday reported a decline of 25.48 per cent in its consolidated net profit at Rs 131.55 crore in the fourth quarter ended March 2023. The company had posted a net profit of Rs 176.55 crore in the January-March quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. Its revenue from operations increased 15.7 per cent to Rs 1,790.96 crore during the quarter under review against Rs 1,547.82 crore in the year-ago period. The total expenses in Q4 FY23 surged 21.8 per cent to Rs 1,637.30 from Rs 1,344.18 crore a year ago, the company said. CGCEL's total income in the March quarter was at Rs 1,807.73 crore, up 15.13 per cent. Commenting on the quarter results, CCGEL MD and CEO, Promeet Ghosh said: "We delivered well in Q4 with our calibrated approach towards BEE transition, roll out of new brand architecture for Pumps, portfolio strengthening in Appliances and focus on premiumisation across the board"

Glenmark posts Q4 net loss at Rs 403 cr on one-time exceptional charge

Glenmark Pharmaceuticals on Friday reported a consolidated net loss of Rs 403 crore for the March 2023 quarter due to an exceptional charge of Rs 800 crore on account of the settlement of litigation related to a generic product in the US. The Mumbai-based drug maker had reported a net profit of Rs 172 crore for the January-March quarter of 2021-22. The company's consolidated revenue for the fourth quarter stood at Rs 3,374 crore compared to Rs 3,019 crore in the year-ago period, Glenmark Pharmaceuticals said in a regulatory filing. The net profit for FY23 stood at Rs 377 crore against Rs 994 crore in FY22. Its consolidated net revenues stood at Rs 12,990 crore in 2022-23 against Rs 12,305 crore in 2021-22. The profit for FY 2022-23 was lower primarily on account of the settlement of the litigation related to generic Zetia in the US, the drug maker said. "We delivered yet another year of robust performance, despite the challenging global macro-economic environment. Our India busin

NTPC logs 6% profit growth in FY23 at Rs 17,197 cr; income rises 34.45%

Rise in demand due to post-Covid rebound, coupled with economic growth, pushed the demand for power

Dalmia Bharat Sugar doubles profit on higher sales in March quarter

Sugar production, however, slowed, hurt by lower output from the western state of Maharashtra, the country's top producer of the sweetener

Arvind SmartSpaces net profit slips 33% to Rs 9.3 crore in Q4 FY23

Realty firm Arvind SmartSpaces Ltd on Friday reported a 33 per cent decline in its consolidated net profit at Rs 9.3 crore for the quarter ended March 2023. It had reported a net profit of Rs 13.95 crore in the year-ago period. The total income fell to Rs 94.37 crore in the fourth quarter of the last fiscal from Rs 163.62 crore in the year-ago period, according to a regulatory filing. Net profit rose to Rs 25.60 crore in 2022-23 from Rs 25.05 crore. The total income increased to Rs 263.25 crore last fiscal from Rs 264.42 crore in the preceding fiscal. On the operational performance, the company's sales bookings grew 33 per cent year-on-year to Rs 802 crore from Rs 601 crore.

Route Mobile net profit more than doubles to Rs 104 crore in Q4 FY23

Enterprise communication services firm Route Mobile on Friday reported an over two-fold jump in its consolidated net profit to Rs 104.05 crore in the fourth quarter ended March 2023. The company posted a profit of Rs 47.42 crore in the same period a year ago. The consolidated revenue from operations of Route Mobile grew 61 per cent to Rs 1,008.66 crore during the reported quarter from Rs 626.07 crore in March 2022 quarter. "As we close out FY2023, it is my pleasure to share that Route Mobile has reached a significant milestone, achieving an annual run rate of half a billion dollars in revenue. It's remarkable to have the entire Route Mobile team continually raising the bar and achieving exceptional results that have helped propel our company's revenue to new heights. "This is despite the slow pace of global economic development due to the ongoing battle against inflation," Route Mobile Managing Director & Group Chief Executive Officer Rajdipkumar Gupta said in a statement. For the

PTC India Financial Services Q4 net profit rises nearly 46% to Rs 36.41 cr

PTC India Financial Services on Friday reported a nearly 46 per cent rise in net profit at Rs 36.41 crore for the quarter ended March 2023. The company posted a profit after tax of Rs 24.98 crore in the corresponding quarter of 2021-22. PTC India Financial Services (PFS) is a non-banking finance company promoted by PTC India Ltd. PFS has been granted the status of an infrastructure finance company by the Reserve Bank of India. The company said its net interest margin (NIM) increased to 4.35 per cent in the fourth quarter of FY23 against 4.30 per cent in the year-ago quarter. Its total income for the January-March quarter of 2022-23 fell to Rs 199.70 crore, from Rs 231.35 crore a year ago. For the financial year 2022-23, PFS' profit after tax (PAT) increased to Rs 175.81 crore compared to Rs 129.98 crore in 2021-22. The total income for the fiscal ending March 2023 declined to Rs 797.08 crore over Rs 968.75 crore in FY 2021-22. Shares of the company settled 0.93 per cent up at Rs

PNB Q4 net profit jumps fivefold to Rs 1,159 crore as interest income rises

Net NPAs stood at 2.72 per cent from 4.80 per cent a year ago and 3.30 per cent a quarter ago

Power Grid Corporation Q4 results: Net profit rises 4% to Rs 4,320 crore

The company's total income in the quarter under review increased to Rs 12,557.44 crore from Rs 11,067.94 crore a year ago

Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr

Firm announces three top-level appointments

JSW Steel Q4 profit rises 13% to Rs 3,664 cr on higher sales volume

Sequentially, revenue and net profit were higher by 20 per cent and 647.75 per cent, respectively

Delhivery consolidated loss widens to Rs 159 crore in March-quarter

The company's consolidated total income from operation fell by 9 per cent to Rs 1,934 crore for the March quarter as compared to Rs 2,127 crore in the year-ago period

Muthoot Finance misses Q4 profit view amid weak macroeconomic environment

The gold loan industry has continued to benefit from a surge in the metal's prices amid an increase in safe-haven investment in gold due to market volatility

JK Lakshmi Cement Q4 results: Net profit falls 40% to Rs 110 crore

The company's consolidated revenue from operation rose by 16.37 per cent to Rs 1,862 crore for the March quarter as compared to Rs 1,600 crore in the year-ago period

Refex Industries posts standalone PAT of Rs 50.67 crore in Jan-Mar quarter

Refex Industries Ltd, engaged in selling refrigerant gases and handling coal ash and fly ash, has reported a standalone profit after tax of Rs 50.67 crore for the quarter ending March 31, 2023, the company said on Friday. During the corresponding quarter of the previous year, the figure stood at Rs 24.01 crore. For the year ending March 31, 2023 the standalone profit after tax grew to Rs 116.06 crore, compared to Rs 45.38 crore a year ago. Refex's standalone total income during the quarter under review went up to Rs 631.97 crore from Rs 178.11 crore in the same period of the previous year. For the year ending March 31, 2023 that figure rose to Rs 1,637.43 crore from Rs 448.98 crore in the last financial year. In a press release, the company said, "This quarter has shown an unprecedented result which is a testimony to our rigorous efforts and commitment." "Even at the quarterly level, the business segments have been able to keep the momentum that had been achieved through the quar

Zomato Q4 results: Net loss narrows to Rs 188 crore, revenue rises 70%

In FY23, the company's loss fell to Rs 971 crore from Rs 1,209 crore in 2021-22

JSW Steel Q4 results: Consolidated net profit rises 13% to Rs 3,664 crore

The profit jumped as strong demand in the domestic market lifted steel consumption

DB Corp Q4 results: Net profit up 67.3% to Rs 41 cr, revenue up 12.5%

Media house DB Corp Ltd on Friday reported an increase of 67.3 per cent in its consolidated net profit at Rs 41.02 crore for the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 24.52 crore in the January-March quarter a year ago, DB Corp said in a regulatory filing. Its revenue from operations was up 12.5 per cent to Rs 530.95 crore during the quarter under review, as against Rs 471.96 crore in the corresponding period of the previous fiscal. DB Corp's total expenses were at Rs 491 crore, up 10 per cent in Q4/FY23, as against Rs 446.38 crore. The total income of DB Corp in the March quarter was at Rs 544.63 crore, up 13.5 per cent. Its revenue from Printing, Publishing and allied business was up 12.92 per cent to Rs 499.28 crore, during the quarter as against Rs 418.45 crore of the corresponding period. Revenue from the radio business was at Rs 31.8 crore, up 6.24 per cent, as against Rs 28.65 crore of Q2/FY22. For fiscal 2023, DB Corp