Page 91 - Latest Updates on Q4 Results

Has the correlation between the Nifty IT index and the NASDAQ ended?

The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.

ITC, SBI, and others: These companies will declare their Q4 results today

Q4 results today: The list of companies that will declare their financial results has names like IndiGo, Jet Airways, Tata Elxsi, and GAIL

Jubilant FoodWorks dips 5% on disappointing March quarter results

The company's sales growth during the quarter, led by footprint addition, but weak like-for-like (LFL), down 0.6 per cent, led to a decline in Ebitda and net profit.

Railtel posts highest ever operating income of Rs 1,964 cr in FY 2022-23

RailTel on Wednesday announced its Consolidated Operating Income of Rs 704 Crore in the fourth quarter of FY 22-23 with a growth of 55 per cent quarter on quarter in its 139th Board Meeting

TeamLease Services Q4 net profit dips by 22.92% to Rs 24.37 crore

Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year. The company's net profit stood at Rs 31.62 crores during the corresponding quarter of the previous fiscal, TeamLease Services said in a regulatory filing. Revenue from operations of the company grew by 11.54 per cent during the quarter under review at Rs 2,027.27 crore compared to Rs 1,817.41 crore in the same period in the previous fiscal. TeamLease Services Managing Director Ashok Reddy said the general staffing business has witnessed uniform growth across industry verticals with a strong outlook for upcoming quarters. Margins have come under pressure due to external variables impacting the higher margin businesses of specialised staffing and DA, he stated. Rituparna Chakraborty will be stepping down from her executive role and transitioning to a non-executive board member. This transition, aft

Bharti Airtel's Q4 results give hope, experts see stock gaining 10-25%

Return on capital employed is low at 8.5 per cent, and the net debt: Ebitda is at 2.9x, consolidated

Whirlpool net profit down 24.6% YoY to Rs 63.7 crore in Jan-Mar quarter

Consumer durables maker Whirlpool of India Ltd on Wednesday reported a 24.58 per cent decline in its consolidated net profit at Rs 63.71 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 84.48 crore during the January-March quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing. Its revenue from operations was down 2 per cent to Rs 1,672.65 crore during the quarter under review against Rs 1,706.91 crore in the corresponding period of the previous fiscal. Whirlpool of India's total expenses were at Rs 1,624.89 crore in the quarter, up 1.08 per cent over the year-ago period. Its total income in the March quarter was marginally down to Rs 1,704.94 crore. Consolidated financial results comprise the financial results of the company and its subsidiary Elica PB, a kitchen appliances maker, which it had acquired in FY2021-22, it said. For the fiscal year ended March 2023, Whirlpool of In

Thermax beats Q4 profit expectations on back of strong sales growth

Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.

SKF India's Q4 consolidated profit after tax rises 12% to Rs 122 cr

Auto parts maker SKF India on Wednesday reported a 12 per cent increase in consolidated Profit After Tax (PAT) at Rs 122.93 crore in the March 2023 quarter. The Pune-based company had posted a profit of Rs 109.48 crore in Q4 of FY22, as per a statement. The revenue from operations in the fourth quarter of FY23 grew 5 per cent to Rs 1,094.70 crore from Rs 1,039 crore in the year-ago period, SKF India said. "We were successful in delivering higher price increases in the last quarter, helping us offset inflationary pressure. Stable manufacturing costs and a normalising supply chain, combined with our strong portfolio management capabilities, along with a disciplined cost approach have helped us improve profitability and cash flow," said Manish Bhatnagar, Managing Director at SKF India. He also noted that despite a challenging operating environment, demand remains strong for the company's products across businesses. "With supply chain pressures gradually improving, we will further ...

GlaxoSmithKline Pharma's pre-tax profit falls 8% on govt pricing caps

India's GlaxoSmithKline Pharmaceuticals Ltd reported an 8.6% fall in its pre-tax profit for the fourth quarter on Wednesday, hurt by the government's curbs on pricing of some essential medicines

Deepak Fertilisers' Q4 profit after tax declines 9% to Rs 257 crore

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported a 9 per cent decline in consolidated profit after tax (PAT) to Rs 257.37 crores in the March 2023 quarter. The industrial chemicals and fertilisers producer's PAT was Rs 282.91 crore a year ago, the company said in a BSE filing. Its revenue from operations surged 38.91 per cent to Rs 2,795.54 crores in the quarter under review from Rs 2,012.48 crores in the year-ago period. In FY23, DFPCL reported 63 per cent growth in PAT at Rs 1,120.88 crore compared to Rs 689.48 crore in the previous fiscal. Similarly, its revenue from operations increased 47.46 crore to Rs 11,300.69 crore in 2022-23 from Rs 7,663.29 crore in FY22. "Despite the enormous finished product spikes that resulted from raw material spikes, we did not witness any demand destruction in all of our three business segments. "This strongly validates the positive tailwinds for our fertiliser, mining and pharma/ chemical segments, emerging out of

JK Tyre reports nearly three-fold increase in Q4 profit to Rs 108 cr

BENGALURU (Reuters) - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

GlaxoSmithKline Pharma posts net profit at Rs 133 crore in Jan-Mar quarter

GlaxoSmithKline Pharmaceuticals Ltd on Wednesday reported a consolidated net profit from continuing operations at Rs 133.43 crore in the fourth quarter ended March 2023. The company had posted a consolidated net loss from continuing operations at Rs 54.66 crore a year ago, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing. Its consolidated revenue from continuing operations stood at Rs 787.45 crore against Rs 809.63 crore in the year-ago period. The total expenses in the quarter were higher at Rs 635.54 crore compared to Rs 650.04 crore in the corresponding period of the previous year. For FY23, consolidated net profit from continuing operations was Rs 607.64 crore against Rs 380.77 crore in FY22. The company said its consolidated revenue from continuing operations stood at Rs 3,251.72 crore in FY23 compared to Rs 3,278.03 crore in FY22. General medicine portfolio saw double-digit underlying growth and the company continued to maintain market leadership in

REC net profit grows 33% YoY to Rs 3,065.37 crore in Jan-Mar quarter

State-owned REC Ltd on Wednesday posted a 33 per cent rise in its consolidated net profit to Rs 3,065.37 crore during March FY 2022-23 quarter, on account of higher income. The company had clocked a net profit of Rs 2,301.33 crore during the January-March quarter of FY 2021-22, REC said in a regulatory filing. The company's total income during the fourth quarter rose to Rs 10,254.63 crore from Rs 9,655.99 crore in the year-ago period. Total expenses reduced to Rs 6,353.40 crore as against Rs 6,798.68 crore. For the entire FY23, the net profit was at Rs 11,166.98 crore, up from Rs 10,035.70 crore in FY22. The income also rose to Rs 39,520.16 crore from Rs 39,339.20 crore a year earlier. The company also approved a proposal to incorporate a project specific special purpose vehicles (SPVs), as wholly owned subsidiary companies of REC's arm REC Power Development and Consultancy Limited (RECPDCL) for four interstate transmission projects which are to be implemented through tariff-based

Digital solutions company STL logs Rs 6,925 crore in revenue, PAT grows 51%

STL said it reported record revenue of Rs 6,925 crore, growing 27 per cent over the previous year along with 29 per cent in EBITDA (Rs 931 crore) and 51 per cent growth PAT (Rs 245 crore)

Braithwaite revenue up 36.5% to Rs 1043 cr, eyes PDS foodgrain movement biz

State-run Braithwaite & Co Ltd achieved a 36 per cent revenue growth to Rs 1,043 crore in FY'23 and is eyeing the Food Corporation of India's foodgrain movement business to give impetus to its services vertical, a top official said. The company attained a revenue of Rs 764 crore in FY'22. Braithwaite aims at listing the company by 2025-26, with an expected revenue of Rs 2500 crore. "We are vying for the lucrative Food Corporation of India containerised foodgrain movement business on a turnkey basis to further augment our revenue," said Chairman and Managing Director Yatish Kumar. The company is in the process of finalising new designs for containers to carry foodgrains, to reduce wastage. FCI will derive a cost-benefit of 5-6 per cent as a result of the new design. "This is expected to generate additional revenue of at least Rs 300-400 crore annually," Kumar told PTI. Set up in 1913, Braithwaite became a PSU in 1976. Braithwaite Ltd which at one time had been earmarked for ...

Burger King's India operator posts bigger loss as costs of essentials rise

Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia

Jindal Steel net profit falls 20% YoY to Rs 716 crore in Jan-Mar quarter

Jindal Stainless Ltd (JSL) on Wednesday posted a nearly 20 per cent decline in consolidated net profit to Rs 716.29 crore for the March quarter due to higher expenses. The company had clocked a net profit of Rs 894.93 crore during the January-March quarter of FY2021-22, JSL said in a regulatory filing. The company's total income during the fourth quarter fell to Rs 9,803.01 crore from Rs 9,752.11 crore in the year-ago period. Total expenses rose to Rs 8,885.45 crore as against Rs 8,579.12 crore. The company's board has approved a dividend of Rs 1.50 per equity share of face value Rs 2 each for the financial year ended March 31, 2023. With revocation of export duty, the company ramped up export sales in Q4 FY23 and consequently delivered the highest-ever quarterly sales volume of 5,07,632 tonne, JSL said in a statement. Net debt in 2022-23 stood at Rs 2,591 crore. "With the completion of the merger of JSHL into JSL, capacity expansion and diversification acquisition, the last fin

Tilaknagar Industries Q4 net profit more than doubles to Rs 59 crore

Leading Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported an over two-fold increase in its consolidated net profit to Rs 59.09 crore for the March quarter, led by higher volumes. The company had reported a net profit of Rs 23.24 crore in the January-March period a year ago, Tilaknagar Industries Ltd said in a BSE filing on Tuesday. Its revenue from operations was at Rs 717.24 crore, up 37.69 per cent, during the period under review against Rs 520.90 crore in the year-ago period. The company said its volumes were significantly at higher levels compared to pre-Covid times. It had "46 per cent volume growth in Q4 on YoY basis," according to the company's earnings presentation. Tilaknagar Industries' total expenses in the fourth quarter of FY23 were at Rs 689.64 crore. The total income of the company, which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, was 36.61 per cent higher a

Ramco Systems posts consolidated Q4 net loss at Rs 454.03 million

Enterprise software player Ramco Systems reported a consolidated net loss at Rs 454.03 million for the fourth quarter ending March 31, 2023, the company said on Wednesday. The city-based firm had reported a consolidated net loss of Rs 264.50 million in the corresponding quarter of the previous year. For the year ending March 31, 2023, the consolidated net loss stood at Rs 2,068.59 million as against Rs 729.30 million registered in the corresponding quarter of the previous year. Total income on a consolidated basis during the quarter under review went up to Rs 1,282.68 million as against Rs 1,252.41 million registered in the corresponding period of last year. For the 2022-2023 financial year, the consolidated total income was Rs 4,977.32 million as against Rs 5,403.77 million registered in the previous year. In a statement, the company said during the just-concluded financial year, the company signed 19 'million-dollar-plus' deals and recorded an increase in cloud-based revenue mix