Category: Earnings

Anupam Rasayan posts over 44% fall in Q4 net profit

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Chemicals maker Anupam Rasayan India Ltd on Saturday posted a 44.26% fall in its consolidated net profit to ₹40.46 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at ₹72.63 crore a year earlier.

The total income fell to ₹413 crore in the January-March quarter of 2023-24 compared to ₹504.2 crore in the year-ago period, a regulatory filing said.

For the full fiscal 2023-24, Anupam Rasayan posted a 23% drop in consolidated net profit to ₹167.4 crore against ₹216.8 crore in the previous fiscal.

The total income declined to ₹1,505.3 crore from ₹1,610.4 crore in the said period. Anupam Rasayan Managing Director Anand Desai said the chemical industry, including speciality chemicals, has faced significant headwinds during the last year.

Also Read: Ujjivan SFB Q4 Results | Net profit up 7% to ₹330 crore, declares dividend of ₹1.5

However, despite the de-growth in the top line, the company has been able to sustain its profitability and maintain margins at 27% levels on a full-year consolidated basis.

“We believe that headwinds in the industry may continue for the next two quarters. However, the financial year 2025 will be a year of growth for us with our major focus on polymer and pharmaceutical space,” he added.

Shares of Anupam Rasayan India Ltd ended at ₹781.25, down by ₹3.15, or 0.40% on the BSE.

Also Read: Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Patel Engineering Q4 Results | Profit zooms 83% to ₹141 crore, revenue up 12%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Infrastructure company Patel Engineering Ltd on Saturday (May 18) reported an 83% year-on-year (YoY) jump in net profit at ₹141 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, Patel Engineering posted a net profit of ₹77 crore, the company said in a regulatory filing. The company’s revenue from operations increased 11.5% to ₹1,343 crore as against ₹1,205 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 41% to ₹238 crore in the fourth quarter of this fiscal over ₹168.7 crore in the corresponding period in the previous fiscal.

Also Read: Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

EBITDA margin stood at 17.7% in the reporting quarter as compared to 14% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The company’s total order book as of March 31, 2024, stands at ₹18,663 crore

Rupen Patel, Chairman and Managing Director of Patel Engineering, said, “The company has outperformed expectations with a stellar display of excellence compared to its prior performance. Witnessing substantial revenue growth across all business segments, our recent projects are poised to catalyze a positive shift in our financial landscape.”

The results came after the close of the market hours. Shares of Patel Engineering Ltd ended at ₹58.60, up by ₹2.21, or 3.92% on the BSE.

Also Read: NHPC Q4 Results | Net profit declines 16% to ₹550 crore, declares dividend

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ujjivan SFB Q4 Results | Net profit up 7% to ₹330 crore, declares dividend of ₹1.5

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Bengaluru-based Ujjivan Small Finance Bank Ltd on Saturday (May 18) reported a 6.5% year-on-year (YoY) increase in net profit at ₹329.6 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Ujjivan Small Finance Bank posted a net profit of ₹309.5 crore, the company said in a regulatory filing.

Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, jumped 26.4%, coming at ₹933 crore against ₹738 crore in the corresponding quarter of FY23.

The gross non-performing asset (GNPA) stood at 2.23% in the March quarter against 2.18% in the December quarter. Net NPA came at 0.28% against 0.17% quarter-on-quarter.

In monetary terms, gross NPA stood at ₹612.5 crore against ₹570.7 crore quarter-on-quarter, whereas net NPA came at ₹76.3 crore against ₹42.8 crore quarter-on-quarter.

Also Read: NHPC Q4 Results | Net profit declines 16% to ₹550 crore, declares dividend

Disbursements for Q4 of FY24 were ₹6,681 crore, marking an 11% year-on-year increase, while annual disbursements reached ₹23,389 crore, up 17% year-on-year. The Affordable Housing segment saw substantial growth, disbursing ₹730 crore in Q4 of FY24 and ₹2,284 crore for the fiscal year, with year-on-year increases of 66% and 64%, respectively.

The gross loan book grew to ₹29,780 crore, a 24% increase year-on-year and a 7% rise quarter-on-quarter. Secured loans constituted 30.2% of the portfolio as of March 2024, up from 28.4% in December 2023. The bank maintained a high collection efficiency rate of around 99% in March 2024, with Non-Discretionary Advances (NDA) collections consistently at 100%.

The portfolio at risk stood at 3.5%, while the Gross Non-Performing Assets (GNPA) remained stable at 2.1% compared to December 2023. Net non-performing assets (NNPA) were negligible at 0.3% as of March 2024. The bank wrote off ₹65 crore in Q4 of FY24, maintaining a provision coverage ratio of 87%.

Deposits surged to ₹31,462 crore as of March 2024, reflecting a 23% year-on-year and a 6% quarter-on-quarter increase. The Current Account Savings Account (CASA) deposits grew to ₹8,335 crore, with year-on-year and quarter-on-quarter increases of 24% and 10%, respectively.

Also Read: Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

The CASA ratio improved to 26.5% from 25.5% in December 2023. Retail term deposits also saw significant growth, up 36% year-on-year and 7% quarter-on-quarter. The board has recommended a final dividend of ₹1.5 per share, subject to shareholders approval

The results came after the close of the market hours. Shares of Ujjivan Small Finance Bank Ltd ended at ₹53.28, up by ₹1.82, or 3.54% on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Poly Medicure expects strong growth, margin expansion in FY25

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Medical consumables company Poly Medicure Ltd’s Managing Director Himanshu Baid on Saturday (May 18) said he anticipates robust growth and margin expansion in the upcoming fiscal year.

Regarding export growth, Baid remarked, “The exports have been doing well, and especially our European business has been growing very steadily, with a growth of around close to 40% there in Europe.”

He also noted a robust growth rate of around 18% in the Indian market, although expressing a desire for stronger growth domestically. Discussing margin outlook, Baid projected, “We would see a margin expansion of around 100 to 150 basis points. We are maintaining EBITDA guidance close to 26 to 28%.”

Also Read: Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

In terms of revenue projection, Baid said, “Last year, we suffered due to imports from China. But as the industry got regulated and BIS standards are in place, we are very confident now. We are expecting to close around 140 to 250 Crore this year.”

Further, Baid said, “We have ₹150 crore of net cash in the company right now. Also, we have taken approval from the board to raise additional funding in the company ₹ 800 crore. We got an approval in March. So we are also seeing some inorganic opportunities. No, of course, nothing is finalized now. But that’s the plan.”

Poly Medicure reported a 16.24% year-on-year (YoY) increase in net profit at ₹68.36 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Poly Medicure posted a net profit of ₹58.81 crore, the company said in a regulatory filing.

Also Read: NHPC Q4 Results | Net profit declines 16% to ₹550 crore, declares dividend

The company’s revenue from operations rose 23.21% to ₹378.07 crore as against ₹306.85 crore in the corresponding period of the preceding fiscal. The board has recommended a dividend of ₹3 per equity share (60%) of ₹5 each for the financial year 2023-24, subject to the approval of shareholders.

Shares of Poly Medicure Ltd ended at ₹1,649.15, down by ₹4.65, or 0.28% on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Shipping Corporation of India net profit declines 19% to ₹307 crore, declares dividend

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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State-run Shipping Corporation of India Ltd on Friday reported a 19% year-on-year (YoY) decline in net profit at ₹307.3 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, the Shipping Corporation of India posted a net profit of ₹380 crore, the company said in a regulatory filing. The company’s revenue from operations fell 0.4% to ₹1,412 crore as against ₹1,418 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA slide 12.3% to ₹406 crore in the fourth quarter of this fiscal over ₹463 crore in the corresponding period in the previous fiscal.

Also Read: RVNL Q4 Results | Rail PSU declares dividend of ₹2.11 per share, profit jumps 33%

EBITDA margin stood at 28.8% in the reporting quarter as compared to 32.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board has recommended a dividend of ₹0.50 per equity share of face value of ₹10 each i.e., 5% per share, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company. The said dividend if declared would be paid within 30 days from the date of its declaration at the AGM.

The results came after the close of the market hours. Shares of Shipping Corporation of India Ltd ended at ₹234.75, up by ₹1.45, or 0.62% on the BSE.

Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NHPC Q4 Results | Net profit declines 16% to ₹550 crore, declares dividend

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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State-owned NHPC Ltd on Friday (May 17) reported a 16.3% year-on-year (YoY) decline in net profit at ₹549.8 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, NHPC Ltd posted a net profit of ₹657 crore, the company said in a regulatory filing. The company’s revenue from operations dipped 6.9% to ₹1,888.1 crore as against ₹2,028.8 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA fell 1.4% to ₹885.4 crore in the fourth quarter of this fiscal over ₹898.4 crore in the corresponding period in the previous fiscal.

Also Read: Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

EBITDA margin stood at 47% in the reporting quarter as compared to 44.3% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board has recommended a final dividend @5% of the face value of ₹10 per share (₹0.50 per equity share) on the paid-up share capital of the Company for the FY2023-24, subject to the approval of shareholders in the ensuing Annual General Meeting.

This is in addition to the interim dividend of ₹1.40 per equity share for the FY 2023-24 paid in March 2024. The final dividend, if declared, will be paid within the statutory period as per the Companies Act, 2013.

Also Read: RVNL Q4 Results | Rail PSU declares dividend of ₹2.11 per share, profit jumps 33%

The results came after the close of the market hours. Shares of NHPC Ltd ended at ₹99.24, up by ₹1.07, or 1.09% on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sobha reports sharp 86% drop in Q4 profit to ₹7 Crore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Realty firm Sobha Ltd on Friday, May 17, reported 86% decline in consolidated net profit to ₹7.02 crore for the quarter ended March 2024 on lower income. Its net profit stood at ₹48.57 crore in the year-ago period.

Total income also fell to ₹791.25 crore in the fourth quarter from ₹1,240.14 crore in the corresponding period of the previous year, according to a regulatory filing.

During 2023-24, net profit declined to ₹49.11 crore from ₹104.20 crore in the preceding year. Total income fell to ₹3,217.88 crore from ₹3,402.43 crore in 2022-23.

Bengaluru-based Sobha Ltd is one of the leading real estate developers in the country. It has a significant presence in South India.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Astral Q4 Results | Pipe maker declares dividend of ₹2.25, profit slides 12%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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PVC pipes and plastic products maker Astral Ltd on Friday (May 17) reported an 11.7% year-on-year (YoY) slide in net profit at ₹181.6 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, Astral posted a net profit of ₹206 crore, the company said in a regulatory filing. The company’s revenue from operations increased 8% to ₹1,625 crore against ₹1,506.2 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA dipped 5.7% to ₹291.4 crore in the fourth quarter of this fiscal over ₹309 crore in the corresponding period in the previous fiscal.

Also Read: JSW Steel Q4 Results | Steel major declares dividend of ₹7.30, net proft tanks 65%

The  EBITDA margin stood at 17.9% in the reporting quarter against 20.5% in the corresponding period in FY23. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The consolidated cash (including cash equivalents) and bank balances as of March 31, 2024 is ₹s609.5 crore. During the quarter, PVC/CPVC raw material prices were stable hence margins were better compared to Q3.

In Q4, bathware registered a sale of ₹24.2 crore. The company has already crossed 1000 showrooms or dealers hence it is expecting very good growth in the bathware division in FY25.

Also Read: Balrampur Chini Q4 net profit dips 20%, full-year distillery sales rise 37%

The board has recommended a final dividend of ₹2.25 per equity share of ₹1 each (face value) for the year ended March 31, 2024 subject to the approval of members at the ensuing annual general meeting (AGM).

The results came after the close of the market hours. Shares of Astral Ltd ended at ₹2,304.30, up by ₹32, or 1.41%, on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Balrampur Chini Q4 net profit dips 20%, full-year distillery sales rise 37%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Leading sugar producer Balrampur Chini Mills Ltd (BCML) on Friday (May 17) reported a 20% year-on-year (YoY) drop in net profit at ₹203.4 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, Balrampur Chini Mills posted a net profit of ₹254 crore, the company said in a regulatory filing. The company’s revenue from operations fell 3.8% to ₹1,434.3 crore against ₹1,491.5 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA was down 14.6% to ₹344.8 crore in the fourth quarter of this fiscal over ₹403.8 crore in the year-ago period.

Also Read: JSW Steel Q4 Results | Steel major declares dividend of ₹7.30, net proft tanks 65%

The EBITDA margin stood at 20% in the reporting quarter compared to 27.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Vivek Saraogi, Chairman and Managing Director of Balrampur Chini Mills, said, “We delivered robust results during the year aided by strong volumes and realisations both in the sugar and distillery segment. On the distillery front, sales were higher by 37% at 27.1 crore BL during the year. There has been no change in the ethanol price under the juice/syrup route and B-heavy route unlike in the past despite an increase in fair & remunerative price (FRP).”

Also Read: RVNL Q4 Results | Rail PSU declares dividend of ₹2.11 per share, profit jumps 33%

The results came after the close of the market hours. Shares of Balrampur Chini Mills Ltd ended at ₹384.20, up by ₹5.85, or 1.55%, on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NCC confident about India’s long-term infra growth, targets ₹20,000-22,000 crore orders in FY25

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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NCC Ltd reported its financial performance for the fourth quarter ending March 31, 2024, on Thursday (May 16). The company’s net profit for Q4 FY24 stood at ₹239.2 crore, a 25.2% increase from ₹191 crore in the corresponding quarter of the previous fiscal year. The revenue from operations rose 31% to ₹6,485 crore compared to ₹4,949 crore in the same period last year.

At the operating level, EBITDA increased by 18.5% to ₹550.4 crore. However, the EBITDA margin decreased to 8.5% from 9.4% in the previous year. NCC also reported its lowest level of net debt, with ₹517 crore on a standalone basis and ₹428 crore on a consolidated basis as of March 31, 2024.

In an interaction with CNBC-TV18, Neerad Sharma of NCC said for the upcoming financial year, NCC has set targets for order inflow guidance between ₹20,000-22,000 crore, revenue growth upwards of 15%, and EBITDA margins around 9.5-10%.

Also Read: RVNL Q4 Results | Rail PSU declares dividend of ₹2.11 per share, profit jumps 33%

“The elephant in the room for this financial year 25 is the election. (For) about four or five months, the government would freeze there won’t be decision making. So that is the reason why we have not really brought the guidance down. If you really extrapolate that number by 30-40% it’s a very good number, we are talking about a growth, not a subdued guidance at all,” Sharma said.

He expressed optimism about the long-term infrastructure story in India, citing a robust pipeline of projects expected to be bid out over the next few decades, despite potential short-term impacts from the upcoming elections.

Shares of NCC Ltd ended half a percent in the green today. The stock has gained 65% in 2024 so far.

Also Read: Vedanta may give out another ₹20 a share dividend

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow