Page 20 - Corporate Earnings

Kajaria Ceramics Q4 results: Net profit declines 5.2% to Rs 102 crore

Kajaria Ceramics, India's top tile-maker by market value, is the first among its peers to report results for the January-March quarter

IRB Infrastructure Q4 results: Net profit grows 45% to Rs 189 crore

IRB Infrastructure Developers on Tuesday reported a 45 per cent rise in consolidated net profit to Rs 188.87 crore for the March 2024 quarter, mainly due to higher income. Its net profit was Rs 130.15 crore in the quarter ended March 2023, the company said in a regulatory filing. Total income surged to Rs 2,504.49 crore from Rs 1,698.91 crore in the year-ago period. Total expenses also rose to Rs 2,060.15 crore as against Rs 1,456.65 crore a year ago. The consolidated net profit rose to Rs 605.81 crore in fiscal 2023-24 compared to Rs 720.01 crore in FY23. The income for the entire year was Rs 8,201.76 crore over Rs 6,703.31 crore a year ago. In a separate statement, the company said it has paid Rs 181 crore as dividend for FY24, including a third interim dividend of 10 paise declared on Tuesday. "FY24 was an astounding year. We not only received three prestigious TOT (Toll Operate Transfer) awards but also tied up finances, made an upfront payment of concession fees to the resp

SRF Q4 results: Profit declines 25% to Rs 422 crore on lower income

Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. The consolidated revenue of the company declined 6 per cent to Rs 3,570 crore in the fourth quarter of the last fiscal from Rs 3,778 crore in the year-ago period. In the 2023-24 fiscal, SRF's revenue decreased 12 per cent to Rs 13,139 crore from Rs 14,870 crore in the preceding year. The company's profit after tax decreased 38 per cent to Rs 1,336 crore in the last fiscal from Rs 2,162 crore in the 2022-23 fiscal. SRF Chairman and Managing Director Ashish Bharat Ram said, "While the general performance has been weak, we have seen a reasonable recovery in our chemicals business in the fourth quarter, as we had envisaged. We believe that this recove

Rane Engine Valve Q4 results: Profit after tax remains flat at Rs 4.7 crore

Rane Engine Valve Ltd on Tuesday reported a profit after tax for the January-March 2024 quarter at Rs 4.7 crore. The city-based manufacturer of engine valves, had clocked PAT at Rs 4.9 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the profit after tax stood at Rs 11.5 crore, Rane Engine Valve Ltd said in a statement. Total revenue during the quarter under review grew to Rs 151.2 crore, as compared to Rs 136.5 crore registered in the corresponding period of last year. For the year ending March 31, 2024, the total revenue went up to Rs 570.3 crore, as against Rs 499.6 crore registered during the same period of last year. The board which met here today has recommended a dividend of Rs 5 per equity share on a paid-up capital of 72,34,455 shares of Rs 10 each. Sharing some of the operating highlights during the quarter, Rane Engine Valves said the sales to original equipment manufacturers grew by 14 per cent which was supported by strong off-ta

BP Q1 results: Net profit slides 40% to $2.7 billion, misses forecasts

The London-based company held its dividend at 7.27 cents per share and maintained the rate of its share buyback programme at $1.75 billion over the next three months, similar to the previous quarter

Hindustan Media Ventures Q4 results: PAT declines 11% to Rs 10.74 cr

Hindustan Media Ventures Ltd on Tuesday reported an 11 per cent decline in consolidated profit after tax at Rs 10.74 crore for the fourth quarter ended March 31, 2024. The company had posted a profit after tax (PAT) of Rs 12.08 crore in the same quarter previous fiscal, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 188.05 crore as against Rs 188.13 crore in the year-ago period, it added. Printing and publishing of newspapers and periodicals segment clocked a revenue of Rs 181.47 crore in Q4 as against Rs 186.63 crore in the corresponding period a year ago. Digital registered Rs 5.84 crore revenue in Q4 as against Rs 1 crore a year ago, the filing said. Total expenses in the quarter were higher at Rs 219.51 crore as compared to Rs 207.64 crore earlier, the company said. In the fiscal ended March 31, 2024, profit after tax was at Rs 9.95 crore. It had posted a consolidated loss after tax of Rs 38

GCPL posts loss after tax of Rs 1,893.21 cr in Q4; Rs 10 dividend announced

Consumers are spending more on a variety of the company's offerings, from Cinthol soap to Godrej Expert hair colour

Unity Small Finance Bank Q4 results: Net profit at Rs 143 cr on higher NII

Unity Small Finance Bank on Monday reported a net profit of Rs 143 crore for the January-March quarter buoyed by higher net interest income. The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of 2022-23 fiscal. The small finance bank's net interest income grew 55 per cent to Rs 281 crore during the March quarter of FY'24. For the full 2023-24 fiscal, Unity Bank's net profit grew 12-fold to Rs 439 crore. Net interest income also increased 75 per cent YoY to Rs 981 crore during FY'24.

Muthoot Microfin Q4 results: Net profit jumps 27% to Rs 120 crore

Muthoot Microfin on Monday reported a 27 per cent rise in its profit after tax at Rs 119.76 crore during March quarter of 2023-24. The non-banking finance company had reported a profit after tax (PAT) of Rs 94.56 crore in the corresponding fourth quarter of FY23, according to a regulatory filing. The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period. For 2023-24 fiscal, PAT grew over two-fold to Rs 450 crore. The NII rose 56 per cent to Rs 1,361 crore in FY24.

Kamdhenu Q4 result: PAT up 56% at Rs 17 cr, total income rises to Rs 184 cr

Steel maker Kamdhenu Ltd on Monday posted a 56 per cent rise in net profit to Rs 16.8 crore in the March quarter compared to Rs 10.8 crore in the year-ago period on the back of higher income. Its total income rose to Rs 184 crore in the period under review from Rs 168 crore in the January-March quarter of FY23. The company's total expenses also rose to Rs 161.59 crore as against Rs 153.22 crore in the year-ago period. The board of directors have recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for the financial year ended March 31, 2024. In a separate statement, Kamdhenu Ltd CMD Satish Kumar Agarwal said the company is raising Rs 100 crore through an issue of convertible warrants on a preferential basis over the next 18 months. Of this, it has already received Rs 24.27 crore. "Through the capital raise, the company will look to re-model the franchisee business by acquiring stake strategically in some of the franchisee units, invest in existing and

Square Yards Q4 results: Revenue up 49% to Rs 1,004 cr on strong demand

Square Yards, which is mainly in the housing and home loan brokerage business, on Monday said its revenue has risen 49 per cent to Rs 1,004.45 crore during the last fiscal year, driven by strong demand for residential properties. Of the total revenue, its India business contributed 79 per cent, Square Yards said in a statement. Square Yards also has a presence in Dubai and some other countries. Its revenue stood at Rs 672.4 crore in the preceding 2022-23 fiscal. "For the first time, the company has achieved EBITDA profitability for the full year FY24. Additionally, Square Yards reached operating cash flow breakeven in H2FY24," the statement said. Of the total revenue from operations during the last fiscal year, the company said the real estate services contributed Rs 428.94 crore while financial products and services added Rs 448.69 crore. The digital product services and interior services generated Rs 40.68 crore and Rs 77.82 crore, respectively, during the last fiscal year. "F

CG Power and Industrial Solutions Q4 results: Profit dips 10% to Rs 234 cr

CG Power and Industrial Solutions on Monday reported 10 per cent dip in consolidated net profit to Rs 234 crore for March quarter FY24, mainly due to higher expenses. Its net profit (from continuing operations) was Rs 260 crore in the quarter ended March 31, 2023, a regulatory filing said. Total income rose to Rs 2,239.83 crore from Rs 1,917.05 crore in the year-ago period. Total expenses also surged to Rs 1,932.80 crore from Rs 1,654.63 crore in the same period a year ago. However, consolidated net profit (from continuing operations) rose to Rs 871 crore in fiscal 2023-24 from Rs 796 crore in 2022-23. Total income in the fiscal increased to Rs 8,152.24 crore from Rs 7,040.30 crore a year ago. The results include the performance of the operating subsidiaries in Sweden, Germany and the Netherlands (Drives and Automation Europe), CG Adhesives Products Ltd (India), CG Semi Pvt Ltd (India) and other non-operating and holding subsidiaries. The company is an engineering conglomerate w

Indian Bank Q4 results: Net profit jumps 55% to Rs 2,247 crore, NII up 9%

Public sector lender Indian Bank reported a 55 per cent jump in net profit at Rs 2,247 crore in March quarter of 2023-24. The bank had a net profit of Rs 1,447 crore in March quarter of the preceding fiscal. Total income increased to Rs 16,887 crore in March quarter of FY24, from Rs 14,238 crore in the fourth quarter of FY23. Net Interest Income (NII) increased by 9 per cent YoY to Rs 6,015 crore in March quarter of FY24, from Rs 5,508 crore in March quarter of FY23. For full 2023-24 fiscal, net profit went up by 53 per cent YoY to Rs 8,063 crore, from Rs 5,282 crore in FY23. Total income for FY24 increased to Rs 63,482 crore, from Rs 52,085 crore in FY23. Shares of Indian Bank were trading at Rs 535.75, down 1.44 per cent over previous close on BSE.

JSW Infra Q4 result: Net profit up 10% at Rs 330 cr on higher cargo volumes

The company, part of steel-to-energy conglomerate JSW Group, said consolidated net profit rose to Rs 330 crore ($39.6 million) in the quarter, from Rs 300 crore a year ago

Carborundum Universal Q4 results: Net profit declines to Rs 142.56 crore

Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said. The city-based company part of the diversified conglomerate Murugappa Group had registered a consolidated net profit of Rs 148.79 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profit stood at Rs 476.18 crore as against Rs 441.70 crore registered a year ago. The consolidated total income during the quarter under review stood at Rs 1,213.73 crore, as against Rs 1,219.43 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income grew to Rs 4,778.84 crore, from Rs 4,731.01 crore registered in the same period last year. In a statement, the company said, "FY24 consolidated sales were lower compared to last year mainly due to depreciation of Rouble against Indian Rupee in comparison with FY23 average

Inox Wind Q4 results: Net profit at Rs 37 crore, order book at 2.7 GW

Inox Wind Ltd on Friday reported a consolidated profit of Rs 36.72 crore for the March 2024 quarter, mainly due to increased income. It had posted a net loss of Rs 119.04 crore in the January-March period of the preceding fiscal, the company said in an exchange filing. During the fourth quarter of FY24, the company's total income surged to Rs 563.07 crore from Rs 193.83 crore a year ago. The company's expenses stood at Rs 512.50 crore during the period under review against Rs 312.43 crore in the year-ago period. Kailash Tarachandani, CEO of Inox Wind, said, "Q4 has been a milestone quarter for the company as we successfully transitioned to 3 MW WTG (wind turbine generators) supplies from 2 MW WTGs. Our debt levels have also come down drastically and we expect to be net debt free within H1 FY25". The company secured the single largest wind project order of 1,500 MW from a leading power utility during the quarter, resulting in a healthy order book of 2.7 GW (excluding letter of inte

Raymond Q4 results: Profit jumps 18% to Rs 229 cr on strong realty demand

The company, which sells clothes to luxury homes, said its consolidated profit rose to 2.29 billion rupees ($27.5 million)in the three months to March 31, compared with 1.94 billion rupees a year ago

Adani Green Energy Q4 results: Net profit declines 39% to Rs 310 cr

The company's expenses surged to Rs 2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period

RailTel Q4 results: PAT rise 3% to Rs 77.5 cr, total income at Rs 852 cr

Railway PSU RailTel Corporation of India on Thursday reported a 3 per cent rise in profit after tax to Rs 77.53 crore for the January-March quarter of 2023-24 compared to Rs 75.24 crore in the same period of the previous year. The Mini Ratna company under the Railway Ministry reported a total income of Rs 852 crore for the last quarter of 2023-24 against Rs 707.29 crore in the year-ago period, according to an exchange filing. Sanjai Kumar, Chairman and Managing Director of RailTel, said, Operationally the company has been performing consistently with an impressive growth of 25% on QoQ basis in its operating revenue. For Financial year 2023-24 also the growth in Revenue and PAT has been quite encouraging at 31%. With healthy order book, the company has visibility of substantial growth in operating income in coming quarters, Kumar added. For the year ended on March 31, 2024, the company achieved a total income of Rs 2,622 crore and a total PAT of Rs 246 crore, registering a growth of

Blue Dart Express Q4 results: Net profit rises 12% to Rs 78 crore

Logistics company Blue Dart Express on Thursday reported a consolidated net profit of Rs 77.78 crore for the March quarter, registering a 12 per cent increase on the back of revenue growth. The company had reported a net profit of Rs 69.44 crore in the year-ago period. The express air integrated transportation, and distribution logistics company, declared its financial results on Thursday for the March quarter and the entire 2023-24 fiscal year at its board meeting held in Mumbai. Blue Dart's total income for the fourth quarter stood at Rs 1,333.93 crore, as against Rs 1,225.22 crore a year ago, a regulatory filing showed. "In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in recent quarters. These initiatives included the establishment of crucial air routes through the acquisition of two 737 freighters and the inauguration of state-of-the-art facilities," Blue Dart Express Managing Director Balfour Manuel said.