Page 18 - Corporate Earnings

NHPC Q4 results: Net profit declines 18% to Rs 611 crore, revenue falls

State-owned NHPC Ltd on Friday reported an 18 per cent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues. The company had reported a net profit of Rs 745.27 crore in the year-ago period, the company said in an exchange filing. The company's revenue from operations reduced to Rs 1,888.14 crore from Rs 2,028.77 crore in the January-March period of the 2022-23 fiscal. NHPC's expenses were at Rs 1,393.67 crore from Rs 1,545.48 crore a year ago. For the entire fiscal, the company's net profit was at Rs 4,028.01 crore as against Rs 4,260.83 crore a year earlier. The board of the company also approved a final dividend of Rs 10 per equity share for FY24.

Delhivery Q4 results: Net loss narrows to Rs 68 cr, total income up 13.5%

The company reported a consolidated loss of Rs 68.47 crore ($8.21 million) for the quarter ended March 31, compared with a loss of Rs 159 crore a year ago

Bandhan Bank Q4 results: Net profit declines 93% to Rs 54.63 crore

Bandhan Bank's provisions and contingencies jumped to Rs 1,774 crore from Rs 735 crore a year earlier

TV Today Network Q4 results: Net profit rises nearly 2-fold to Rs 11.46 cr

TV Today Network Ltd on Friday reported nearly two-fold rise in consolidated net profit to Rs 11.46 crore in the March quarter on the back of higher revenue from television and other media operations. The company had posted a consolidated net profit of Rs 5.85 crore in the year-ago period, TV Today Network said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 252.79 crore as against Rs 217.14 crore in the corresponding period a year ago, it added. Television and other media operations posted revenue of Rs 247.37 crore in the fourth quarter as against Rs 213.25 crore in the corresponding period a year ago. Radio broadcasting revenue was at Rs 5.42 crore in the January-March period, up from Rs 3.89 crore a year earlier, the company said. Total expenses in the fourth quarter were higher at Rs 241.3 crore as compared to Rs 206.89 crore in the year-ago period. The board of directors has recommended a final dividend of Rs 8.50 per equ

LT Foods Q4 results: Net profit rises 14% to Rs 150 cr on strong sales

LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier. Total income rose to Rs 2,091.73 crore during the January-March quarter of 2023-24, from Rs 1,834.95 crore in the same period a year ago, the company said in a regulatory filing. Expenses remained higher at Rs 1,898.46 crore versus Rs 1,685.92 crore a year earlier. For the full fiscal year 2023-24, LT Foods reported a 41.35 per cent increase in net profit at Rs 597.59 crore, compared with Rs 422.75 crore in the previous year. Total income rose to Rs 7,822.05 crore from R 6,978.81 crore a year earlier. Commenting on the performance, LT Foods Managing Director Ashwani Arora said the company has delivered stellar growth in revenue and profitability for yet another year, despite facing a challenging external environment. The

Q4 results today: NHPC, ZEEL, Pfizer among 116 firms to post earnings today

Q4 FY24 company results: Delhivery, JSW Steel, Godrej Industries, Bandhan Bank and many more companies are slated to release their fourth-quarter earnings

Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore

Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the corresponding period of the previous year. Total expenses in the fourth quarter were higher at Rs 2,274.13 crore as compared to Rs 2,178.58 crore a year ago. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 1,169.82 crore, up from Rs 860.4 crore in the preceding year, the company said. In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore as against Rs 10,567.84 crore in FY23. The board of directors of the company, at their meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of the

CMS Info Systems Q4 results: Net profit jumps 23% to Rs 99.4 crore

Banking logistics and technology player CMS Info Systems on Wednesday reported a 23 per cent jump in its March quarter net profit at Rs 99.4 crore. The company had reported a post-tax profit of Rs 80.6 crore in the year-ago period. The company reported a 25.1 per cent growth in revenue to Rs 627 crore for the March quarter compared to the year-ago period. For 2023-24, its net profit moved up to Rs 374.5 crore from Rs 304.2 crore on the back of an 18.3 per cent growth in revenue to Rs 2,265 crore. Its executive vice chairman and chief executive vice chairman Rajiv Kaul said the current split between the managed services and technology solutions (41 per cent) and the cash business (61 per cent) will broadly remain unchanged in the new fiscal as well. Kaul said that the topline will touch the upper end of the previously announced guidance to have the revenues at Rs 2,500-2,700 crore. The company has cash and equivalents of over Rs 780 crore and is debt-free on a net basis, Kaul said

Thomas Cook India Q4 result: PAT at Rs 58 cr, total income up 27.84%

Travel services provider Thomas Cook (India) Ltd on Wednesday reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. The company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Thomas Cook (India) said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 1,692.61 crore against Rs 1,323.94 crore in the corresponding period of the previous fiscal, it added. The total expenses in the fourth quarter were higher at Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 271.11 crore against Rs 10.37 crore in the previous year. In FY24, the consolidated total income stood at Rs 7,435.65 crore compared to Rs 5,111.2 crore in FY23, the company said. The company said its board of directors has recommended a dividend of 60 paisa per equity share of face value Re 1, including a special

NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income

State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said in a filing to the BSE. In a statement the company said its profit after tax for the year ended March 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended March 31, 2023, registering a growth of 31 per cent. The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

MakeMyTrip's Q4 profit jumps multifold to $172 mn on tax credit gains

Nasdaq-listed MakeMyTrip Ltd on Wednesday reported a multi-fold jump in profit at USD 171.9 million in the March 2024 quarter, aided by gains on tax credit and convertible notes value. The company had posted a profit of USD 5.4 million in the same quarter previous fiscal, MakeMyTrip said in a statement. Profit for the fourth quarter included a one-time credit of USD 126.1 million on recognition of deferred tax assets and a one-time gain of USD 30.6 million due to the change in carrying value of the company's convertible notes due 2028 measured at amortised cost, it added. Gross bookings in the quarter stood at USD 2,039 million as compared to USD 1,673.9 million in the year-ago period, it added. In FY24, profit was at USD 216.7 million. The company had posted a loss of USD 11.2 million in FY23. Gross bookings for FY24 stood at USD 7,954.4 million as against USD 6,566.2 million in FY23, the company said. "Our strategy to serve millions of our customers and first-time travellers th

Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses

The Ruchi Gold oil maker's profit fell to Rs 206 crore (around $25 million) for the quarter ended March 31, from Rs 264 crore a year earlier

Bharti Hexacom Q4 results: Net profit up 10.2% to Rs 223 cr amid Arpu lift

Bharti Hexacom on Tuesday posted over 10 per cent year-on-year rise in net profit for the March quarter to Rs 223 crore on the back of strong customer additions and ARPU increase in mobile services. The total revenue for the March quarter stood at Rs 1,868 crore, up 7.8 per cent over the corresponding period a year earlier. Bharti Hexacom, which offers consumer mobile services, fixed-line telephone, and broadband services in Rajasthan and the Northeast circles, reported a net profit of Rs 223 crore for the March quarter, up 10.2 per cent over the year-ago period. The board of the company also declared a final dividend of Rs 4 per fully paid-up equity share of face value of Rs 5 each. Mobile services revenues were up 6.8 per cent year-on-year, led by strong 4G/5G customer additions and increase in average revenue per user (ARPU), the company said. "Mobile revenues grew 6.8 per cent year-on-year on account of improved realisation as well as strong 4G/5G customer additions during the

Bajaj Electricals Q4 results: Consolidated PAT down 43.4% to Rs 29 crore

Bajaj Electricals Ltd on Tuesday reported a 43.47 per cent decline in consolidated net profit to Rs 29.31 crore in the March quarter with revenue impacted by weakness in appliances and general trade. The company had posted a consolidated net profit of Rs 51.85 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Consolidated total revenue from operations in the quarter under review was Rs 1,188.08 crore as compared to Rs 1,291.97 crore in the same period a year ago, it added. Total expenses in the fourth quarter were lower at Rs 1,186.09 crore as compared to Rs 1,231.69 crore in the corresponding period a year ago. In the fourth quarter revenue dropped on account of weakness in appliances and general trade. Growth in fans and 'Morphy Richards' brand was offset by drop in appliances, the company said. The lighting solutions segment also witnessed a drop in revenue on account of LED price erosion in consumer lighting and higher base effect in professional ...

Radico Khaitan Q4 results: Net profit rises 26% to Rs 53.91 crore

Liquor maker Radico Khaitan Ltd on Tuesday reported a 26.43 per cent increase in consolidated net profit to Rs 53.91 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 42.64 crore in the same quarter a year ago, Radico Khaitan Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 3,894.64 crore as against Rs 3,375.36 crore in the year-ago period. In the fourth quarter, total IMFL (Indian-made foreign liquor) volume was at 7.16 million cases, down 1.2 per cent but prestige and above brands volume was at 2.92 million cases, up 14.2 per cent, the company said. Total expenses were higher at Rs 3,820.3 crore compared to Rs 3,325.37 crore in the corresponding period of the previous fiscal. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 262.17 crore, up from Rs 220.35 crore in the previous fiscal, the filing said. In FY24, consolidated revenue from operat

Dalmia Bharat Sugar Q4 results: PAT falls 25% to Rs 93.37 cr on weak sales

Peers Dhampur Sugar Mills and Dwarikesh Sugar Industries too reported a fall in their respective quarterly profits

Oberoi Realty Q4 PAT up at Rs 788 cr on strong demand for luxury projects

India's real estate market is seeing a surge in demand for homes, particularly luxury properties. Unlike other segments, the luxury market seems unfazed by rising property prices

Siemens Q4 results: Net profit up 74% at Rs 896 crore on higher revenues

Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement. The company said it received new orders worth Rs 5,184 crore. Revenue during the quarter stood at Rs 5,248 crore, a 19 per cent increase over Rs 4,400 crore in March quarter 2023. Managing Director and Chief Executive Officer Sunil Mathur said the second quarter showed a robust growth in revenues built off a strong order backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles, he stated. "Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and divid

BASF India Q4 result: PAT up 15% at Rs 161 cr, total income at Rs 3,384 cr

BASF India Ltd on Tuesday posted a 15.30 per cent jump in consolidated net profit at Rs 161.43 crore during the fourth quarter of the 2023-24 fiscal. Its profit stood at Rs 140 crore in the same quarter in the previous fiscal. Total income rose marginally to Rs 3,384.67 crore during January-March quarter of the 2023-24 financial year, from Rs 3,352.77 crore in the year-ago period, as per the regulatory filing. Expenses remained flat at Rs 3,165.34 crore in the said period. The company's shares rose 12.70 per cent to settle at Rs 4,615 apiece on the BSE.

Q4 results: PVR Inox reports Rs 130 crore net loss on weak demand

The company reported a consolidated net loss of Rs 130 crore ($15.6 million) for the March quarter, missing analysts' estimate of a loss of Rs 83.59 crore, as per LSEG data