Page 97 - Latest Updates on Q4 Results

Top headlines: CCI inquiry on Google, Karnataka elections results and more

Business Standard brings you top news at this hour

Max Financial Services profit slumps 64% to Rs 52 crore in Jan-Mar quarter

Max Financial Services Ltd (MFSL) on Friday reported a 64 per cent decline in consolidated net profit at Rs 52 crore for the last quarter of 2022-23. The company had reported a net profit of Rs 144 crore in the January-March period a year ago. The company registered consolidated revenue of Rs 9,929 crore in the quarter from Rs 8,960 crore in Q4FY23, MFSL said in a regulatory filing. Total expanses of the firm rose to Rs 9,876 crore as against Rs 8,809 crore a year ago, it said. For the full year FY23, its net profit jumped by 42 per cent to Rs 451 crore as against Rs 318 crore in the previous financial year. MSFL owns an 87 per cent stake in Max Life Insurance and has collected a total new business premium (individual and group) of Rs 8,960 crore. In addition, the renewal premium income (including group) grew 13 per cent to Rs 16,382 crore, taking the gross premium to Rs 25,342 crore, an increase of 13 per cent over the previous financial year.

Polycab India consolidated PAT rises 31.68% to Rs 428 crore in Q4

Electrical goods company Polycab India on Friday reported a 31.68 per cent growth in consolidated profit after tax (PAT) during the quarter ending March 31, at Rs 428.41 crore compared to the same period of the previous financial year. The company's PAT stood at Rs 325.33 crore during the corresponding period of the previous fiscal, Polycab India said in a regulatory filing. Revenue from operations of the company increased by 8.90 per cent at Rs 4,323.68 crore during the quarter under review compared to Rs 3,969.98 crore in the same period of the previous fiscal. In FY23, the PAT of the company witnessed 51.70 per cent growth at Rs 1,282.25 crore compared to Rs 845.23 crore in the previous fiscal. Revenue from operations of the company in FY23 grew by 15.60 per cent to Rs 14,107.77 crore compared to Rs 12,203.76 crore in the previous financial year. FY23 was a remarkable year for the company, as we surpassed revenues of Rs 14,000 crore and profitability threshold of Rs 1,000 crore,

IOB net up 19% to Rs 656 cr in Q4FY23, income rises 16% to Rs 5,271 cr

Improvement in bad loan situation; marginal rise in low-cost deposits as percentage of overall deposits

Tata Motors reports net profit of Rs 5,408 crore in Q4, revenue surges 35%

The company board has recommended a final dividend of Rs 2 per ordinary share

HPCL's profit jumps 79% to Rs 3,608 cr on refining, marketing margins

Hindustan Petroleum Corporation Ltd (HPCL) on Friday reported a 79 per cent jump in its March quarter net profit on the back of a recovery in fuel marketing margins and better refining margins. Consolidated net profit was at Rs 3,608.32 crore in January-March compared with Rs 2,018.45 crore in the same period a year back, according to a company's stock exchange filing. The company however posted a loss of Rs 6,980.23 crore for the full fiscal year 2022-23 (April 2022 to March 2023) after it suffered huge losses in the first half on holding petrol, diesel and LPG prices despite a surge in cost. It continues to hold prices but a fall in international oil prices has meant that it is making healthy margins now. Petrol and diesel prices have been on a freeze since April 6 last year. The basket of crude oil that India imports was over USD 100 per barrel in April last year and is now around USD 75-76. Crude oil is processed in refineries such as ones owned by HPCL at Mumbai and Vizag in

DLF Q4 net profit jumps 41% YoY to Rs 570 crore; revenue down by 5.9%

The retail business also exhibited strong demand momentum and continues to operate at high occupancy levels

Colgate-Palmolive beats Q4 profit estimates helped by price hikes

Colgate-Palmolive (India) Ltd's fourth-quarter profit fell less than expected, helped by price hikes implemented to combat surging costs

Tata Motors Q4 results: Net profit at Rs 5,407 crore, dividend declared

Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%

Cipla's Q4 net profit up 45% at Rs 526 cr on account of robust sales

Drug major Cipla on Friday said its consolidated net profit increased by 45 per cent to Rs 526 crore for the fourth quarter ended March 31, 2023, driven by robust sales across the domestic business and US market. The Mumbai-based company had reported a net profit of Rs 362 crore for the January-March quarter of 2021-22 fiscal. Total revenue from operations rose to Rs 5,739 crore for the fourth quarter as compared with Rs 5,260 crore in the year-ago period, Cipla said in a regulatory filing. For the year ended March 31, 2023, the drug maker reported a consolidated net profit of Rs 2,802 crore as against Rs 2,517 crore in FY22. Total revenue rose to Rs 22,753 crore last fiscal as against Rs 21,763 crore in 2021-22 fiscal. "In FY23, we recorded the highest ever revenue with EBITDA crossing Rs 5,000 crore for the first time. Our One-India business continued the double-digit trajectory growing at 13 per cent ex-Covid during the year led by branded prescription and sustained growth acros

Vedanta Q4 results: Net profit falls 68% to Rs 1,881 cr, revenue down 5.4%

In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11% YoY

Siemens hits record high; up 3% on posting 39% jump in Q4 net

The company reported 38.7 per cent YoY growth in Q4FY23 net profit at Rs 471.80 crore, backed by 28.6 per cent rise in revenue at Rs 4,974.40 crore.

Zensar Technologies soars 10% to hit 52-week high on strong Q4 results

For the entire fiscal year (FY22-23), operating revenues jumped 14.2 per cent YoY to Rs 4,848 crore for the IT company, whereas gross profit gained 2 per cent to Rs 1,348 crore

South Indian Bank jumps 12% after it clocks robust March quarter results

In the past one month, shares of South Indian Bank soared 20 per cent, as against a 2 per cent rise in the S&P BSE Sensex

Eicher Motors soars 7% in a weak market on solid Q4 perforance

F&O View: Options data suggest likely resistance for the stock in the range of Rs 3,670 - 3,750; Support Rs 3,500 - Rs 3,550.

Tata Motors: Solid volumes, ASP may aid Q4 profit, margin expansion

Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business

BLS International profit jumps over 2-fold to Rs 76.73 cr for Jan-Mar

BLS International on Thursday reported a more than two-fold jump in its consolidated net profit at Rs 76.73 crore for the quarter ended March. Its net profit stood at Rs 35.20 crore in the year-ago period, the company said in a statement. BLS International is into visa and consular services. The company's operational revenue rose 77 per cent to Rs 448.63 crore in the fourth quarter of last fiscal from Rs 253.84 crore in the corresponding period of the previous year. For the full 2022-23 fiscal, the company's net profit rose 84 per cent to 204.27 crore from Rs 111.20 crore in the previous year. The operational income increased 78 per cent to 1,516.19 crore in the last fiscal from Rs 849.89 crore in 2021-22. Commenting on the company's performance, Shikhar Aggarwal, Joint Managing Director, BLS International, said: "The Company has reported its highest ever quarterly revenue while maintaining EBITDA levels. We are seeing robust growth coming in from our visa & consular services, ..

South Indian Bank Q4 net profit up 23% at Rs 334 cr as advances grow

During the period under review, the bank's operating profit was seen up by 95% from Rs 288 crore in fourth quarter of FY22 to Rs 562 crore during the same period in FY23

Gillette India profit rises 48% in March quarter, revenue up 9.3%

The company's revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period

Asian Paints Q4 net surges 45% to Rs 1,234 cr on improvement in margins

During the year, the paints major crossed Rs 34,000 crore in revenue at a consolidated level