Page 93 - Latest Updates on Q4 Results

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

Zydus Wellness net profit rise 9% YoY to Rs 145 crore in Jan-Mar quarter

Zydus Wellness Ltd on Wednesday reported a 9 per cent rise in consolidated net profit at Rs 145.33 crore in the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 133.3 crore in the year-ago period, Zydus Wellness said in a regulatory filing. Consolidated total revenue from operations stood at Rs 712.98 crore during the quarter under review as compared to Rs 639.78 crore in the year-ago period, it added. Total expenses during the quarter stood at Rs 580.23 crore, up from Rs 510.34 crore in the year-ago period. For the fiscal ended March 31, 2023 consolidated net profit was at Rs 310.37 crore as compared to Rs 308.87 crore in the previous year. For FY23 consolidated total revenue from operations was at Rs 2,254.79 crore as against Rs 2,009.1 crore in FY22, the company said. Zydus Wellness said five of its brands -- Glucon-D, Sugar Free, EverYuth Scrub, Peel Off Face Mask and Nycil -- maintained their leadership positions in their respective

Stock of this technology solutions company has zoomed 100% in 11 weeks

Shares of Aurionpro Solutions locked in 10 per cent upper circuit at Rs 581.5 in Wednesday's intra-day trade, in an otherwise a weak market on strong growth outlook

Oberoi Realty dips 6% as sales value drops 27% YoY in Jan-Mar quarter

Adjusted profit after tax at Rs 300 crore, was lower than estimates of Rs 373 crore, given the weaker than expected operating show, said analysts at ICICI Securities in a note

KFC-operator India's Devyani's profit falls on expenses, demand slowdown

Revenue from operations surged 28% to 7.55 billion rupees as it opened 66 new stores. However, revenue slipped around 5% from the previous quarter

Zydus Wellness Q4 results: Net profit up 9.02%, final dividend announced

The revenue from operations rose 11.44 per cent to Rs 712.98 crore in the quarter

Analysts raise target on Bank of Baroda post Q4, see up to 29% upside

Bank of Baroda Q4 result review: Bank of Baroda's net profit grew 168 per cent year-on-year (YoY) at Rs 4,775 crore for the quarter ended March 2023

ITC Q4FY23 cigarette volume seen 13% up; Margin to see sharp yearly jump

ITC Q4FY23 result preview: The core Cigarette business volumes are expected to grow 13 per cent YoY, as per three brokerages. This pace of increase was 15 per cent in Q3FY23

LIC Housing Finance tanks 7% day after reporting Q4 results

The company reported 5.5 per cent growth in Q4 net at Rs 1,180 crore, backed by a 20.8 per cent surge in total income.

Bharti Airtel trades firm, up 1% post March quarter results

Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.

Stocks to Watch today, May 17: Paytm, Voda Idea, JK Tyre, Oberoi Realty

Stocks to Watch on Wednesday: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report

LIC Housing Finance Q4 result: PAT up 5% to Rs 1,180 cr, dividend declared

LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year