BPCL | State-owned company reported a 24.3% quarter-on-quarter increase in net profit at ₹4,789.57 crore for the fourth quarter. For the third quarter, it posted a net profit of ₹3,397.3 crore. CNBC-TV18 poll had predicted a profit of ₹5,460 crore for the quarter under review.Solara Active Pharma | The company approved a rights issue to raise ₹449.95 crore. The rights shares are priced at ₹375 per equity share, which includes a premium of ₹365 per equity share. The shareholders will be entitled to receive one equity share for every three equity shares held by them in the company.Abbott | Drug major reported a 24.1% year-on-year jump in net profit at ₹287.1 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹231.4 crore. The company’s revenue increased 7.1% to ₹1,438.6 crore against ₹1,343.1 crore in the corresponding period of the preceding fiscal.Mahanagar Gas | State-run company reported a 16.5% quarter-on-quarter dip in net profit at ₹265 crore for the fourth quarter that ended March 31, 2024. In the third quarter, it posted a net profit of ₹317 crore. CNBC-TV18 poll had predicted a profit of ₹297 crore for the quarter under review.Suryoday SFB | The bank reported a 56.3% year-on-year jump in net profit at ₹60.8 crore for the fourth quarter. In the corresponding quarter, the bank posted a net profit of ₹38.9 crore. Net interest income increased 28.9%, coming at ₹270.8 crore against ₹210.1 crore in the corresponding quarter of FY23.VST Tillers Tractors | The company reported a 13.4% year-on-year drop in net profit at ₹34.8 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹40.2 crore. The company’s revenue dropped 15.3% to ₹273.4 crore against ₹322.6 crore in the corresponding period of the preceding fiscal.Brigade Enterprises | Realty firm said it has inked an agreement for a prime land parcel located on Old Madras Road, Bengaluru. Spread across 4.6 acres, the total development potential of the residential project will be around 0.69 million square feet with a gross development value of ₹660 crore.Paytm | Fintech firm One97 Communications denied recent media reports suggesting issues with its lending business and termed it “factually incorrect.” The company said it acts as a distributor of loans and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners.
L&T | Engineering and construction giant reported a 10.3% year-on-year increase in net profit at ₹4,396 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, L&T posted a net profit of ₹3,987 crore. CNBC-TV18 poll had predicted a profit of ₹4,267 crore for the quarter under review.Tata Power | The company reported a 15.19% year-on-year jump in net profit at ₹895 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹777 crore. Tata Power’s revenue increased by 27.2% to ₹15,846.6 crore as against ₹12,453.8 crore in the corresponding period of the preceding fiscal.TVS Motor | The company reported an over 18% jump in net profit to ₹485.4 crore in the January-March quarter of the financial year 2023–24. The automaker reported a net profit of ₹410 crore in Q4FY23. The net profit, however, came in below a CNBC-TV18 poll estimate of ₹540 crore.Gujarat State Petronet | The company reported a 22.2% year-on-year increase in net profit at ₹663.1 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹542.8 crore. The company’s revenue increased 5.9% to ₹4,522.2 crore against ₹4,270.1 crore in the corresponding period of the preceding fiscal.Home First Finance | Affordable housing financier reported a 30.5% year-on-year jump in net profit at ₹83.5 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹64 crore. The company’s revenue increased 37.9% to ₹3,127.6 crore as against ₹2,268.4 crore in the corresponding period of the preceding fiscal.BSE | Leading stock exchange reported a 20.7% year-on-year jump in consolidated net profit at ₹106.9 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹88.6 crore. The company’s revenue surged 110.04% to ₹544.8 crore against ₹259 crore in the corresponding period of the preceding fiscal.Godrej Agrovet | Agri-business company reported a threefold year-on-year jump in net profit at ₹65.5 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹23.5 crore. The company’s revenue increased 1.9% to ₹2,134.3 crore against ₹2,095 crore in the corresponding period of FY23.ESAF SFB | The bank reported a 57.2% year-on-year dip in net profit at ₹43.4 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, it posted a net profit of ₹101.4 crore. Net interest income increased 18.4%, coming at ₹590.7 crore against ₹498.9 crore in the corresponding quarter of FY23.Navneet Education | The company said it has signed a definitive agreement with Venturi Partners, marking the divestment of a partial stake in K12 Techno Services Private Ltd for ₹225.2 crore. The agreement sees Navneet Education’s subsidiary, Navneet Learning LLP, parting ways with 5.12% of its stake in K12 Techno Services.
Dr Reddy’s Laboratories | The company reported a 36% increase in its net profit at ₹1,307 crore for the quarter ended March 2024. The drug major reported a profit of ₹959 crore in the January-March quarter of the 2022-23 fiscal. Revenue increased to ₹7,083 crore in the period under review from ₹6,297 crore in the fourth quarter of FY23.CreditAccess Grameen | Microfinance lender reported a 33.9% year-on-year rise in net profit at ₹397 crore for the fourth quarter. In the corresponding quarter, CreditAccess Grameen posted a net profit of ₹296.6 crore. Net interest income (NII) jumped 42.3%, coming at ₹881 crore against ₹619.2 crore in the corresponding quarter of FY23.Indraprastha Gas | The company’s net profit jumped 16% on a year-on-year basis to ₹382.8 crore in the January-March quarter. On a sequential or quarter-on-quarter (QoQ) basis as well, India’s largest compressed natural gas (CNG) retailer’s net profit dipped 2.4% from ₹388 crore in the preceding October-December quarter.JSW Energy | The company reported a 22.5% year-on-year jump in net profit at ₹345.3 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, it posted a net profit of ₹282 crore. The company’s revenue increased 3.2% to ₹2,755.9 crore against ₹2,670 crore in the corresponding period of the preceding fiscal.Pidilite Industries | Adhesive manufacturer reported a 6.4% year-on-year increase in net profit at ₹304.3 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹285.9 crore. The company’s revenue increased 7.9% to ₹2,901.9 crore versus ₹2,689 crore in the corresponding period of the preceding fiscal.Voltas | Residential air conditioner maker reported a 22.8% year-on-year drop in net profit at ₹110.6 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹143.2 crore. The company’s revenue jumped 42.1% to ₹4,202.9 crore against ₹2,957 crore in the corresponding period of the preceding fiscal.Sonata Software | The company reported a 3% year-on-year drop in net profit at ₹110.4 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, it posted a net profit of ₹113.8 crore. The company’s revenue increased 14.53% to ₹2,191.6 crore against ₹1,913.5 crore in the corresponding period of the preceding fiscal.United Breweries | Beer maker reported an eight-fold jump in net profit at ₹81.6 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹9.9 crore. The company’s revenue from operations increased 20.8% to ₹2,133.4 crore as against ₹1,765.9 crore in the corresponding period of the preceding fiscal.Navin Fluorine | Fluorochemicals maker reported a 48.4% year-on-year drop in net profit at ₹70.4 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹136.4 crore. The company’s revenue slipped 13.6% to ₹602 crore against ₹697 crore in the corresponding period of the preceding fiscal.
GCPL | Fast-moving consumer goods major reported a net loss of ₹1,893.2 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, GCPL posted a net profit of ₹452 crore. The company’s revenue increased 5.8% to ₹3,385.6 crore against ₹3,200 crore in the corresponding period of the preceding fiscal.Hindalco | Novelis’ profit increased by 6% to $166 million compared to the year-ago period. However, the profit for the entire year has declined by 9%. The company’s income has declined by 7% to $4.1 billion due to the decline in the average price of aluminium.Gujarat Gas | State-owned company reported an 11% year-on-year increase in net profit at ₹409.5 crore for the fourth quarter that ended March 31, 2024, due to a reduction in spot gas prices and an increase in volumes. In the corresponding quarter, Gujarat Gas Company posted a net profit of ₹369.22 crore.Lupin | Drug maker reported a 52.4% year-on-year jump in net profit at ₹359.4 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Lupin posted a net profit of ₹235.9 crore. The company’s revenue increased 12% to ₹4,960.7 crore as against ₹4,430 crore in the corresponding period of the preceding fiscal.DCM Shriram | Diversified agri firm reported a 36.9% year-on-year drop in net profit at ₹117.8 crore for the fourth quarter. In the corresponding quarter, DCM Shriram posted a net profit of ₹186.7 crore. The company’s revenue tanked 11.8% to ₹2,399.3 crore as against ₹2,720 crore in the corresponding period of the preceding fiscal.Muthoot Microfin | The microfinance arm of the Muthoot Pappachan Group reported a 27% year-on-year increase in net profit at ₹119.76 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Muthoot Microfin posted a net profit of ₹94.56 crore.HPCL | The company will hold a board meeting on May 9, 2024, to consider and approve the issue of bonus shares to the company’s shareholders. The record date for the bonus issue, if approved, is yet to be determined. This will be the third instance that HPCL will be issuing bonus shares to its shareholders.Tamilnad Mercantile Bank | Private sector lender announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) effective from May 7, 2024. The adjustment entails an increase ranging from 10 to 15 basis points (bps) across various tenures, the lender said.
Bajaj Finance | Non-banking financial company said the Reserve Bank of India has lifted the restrictions imposed on the sanction and disbursal of new loans under the ‘eCOM’ and online/digital Insta EMI card segments. This decision comes after the company took remedial actions to address concerns raised by the regulatory authority.YES Bank | Carlyle Group is likely to offload a significant chunk of its stake worth ₹1,500 crore in private lender through a block deal scheduled for May 3. Carlyle, holding an 8.74% stake in YES Bank post-warrant conversion, is reportedly planning the stake sale through an entity named CA BASQUE INVESTMENTS.Coal India | Coal behemoth reported a 26.2% rise in consolidated net profit to Rs 8,682.20 crore for the March quarter. The company’s consolidated net profit stood at Rs 6,875.07 crore in the year-ago period. Its consolidated income in the January-March period declined to Rs 39,654.50 crore from Rs 40,371.51 crore a year ago.Coforge | IT solutions company said it will acquire up to 54% stake in Cigniti Technologies at ₹1,415 per share. Also, it reported a 94.86% year-on-year jump in net profit at ₹229.2 crore for the fourth quarter that ended March 31, 2024. Also, the company’s board declared an interim dividend of Rs 19 per equity share.Ajanta Pharma | The company on Thursday said its board has approved its fourth buyback of equity shares since 2020 on Thursday, along with its March quarter results. The drug-maker will repurchase up to 10.28 lakh equity shares or 0.82% of the total outstanding shares of the company.Ceat | Tyre maker reported a 23% decline in its consolidated net profit to ₹102 crore for the fourth quarter ended March 2024. The company had posted a net profit of ₹132 crore in the January-March quarter of 2022-23. Its revenue from operations rose to ₹2,992 crore in the period under review from ₹2,875 crore in Q4 of FY23.KEI Industries | The company reported a profit of ₹168.5 crore during the quarter ended March 2024, up 22.1% from ₹138 crore in the year-ago period. Revenue rose 18.8% to ₹2,319.2 crore from ₹1,952.9 crore in the preceding year. The EBITDA stood at ₹244.5 crore, a 21% increase over ₹202.1 crore in the fourth quarter of FY23.IndiGo | India’s largest airline announced a special one-time bonus for employees across the board ahead of its Q4 results. The bonus will be one and a half months’ basic salary and will be disbursed along with the May salaries. This special bonus will be additional to the annual bonus and increment that employees will receive later this year.
Nestle India | The company is testing a zero-sugar variant for infant food in the country. Sharing this during an exclusive interaction with CNBC-TV18, chairman and MD Suresh Narayanan emphasised the company is compliant with the law of the land and has provided samples to the Food Safety and Standards Authority of India (FSSAI).Tata Chemicals | The company reported a consolidated net loss of ₹850 crore in the quarter ended March 31, compared to a profit of ₹709 crore. The loss is its first quarterly loss in nine years owing to a one-time write-down incurred in its UK operations along with lower prices and demand for soda ash.Spandana Sphoorty | Microfinance lender reported a 5.2% year-on-year (YoY) increase in net profit at ₹122.2 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Spandana Sphoorty Financial posted a net profit of ₹116.2 crore.Poonawalla Fincorp | Non-bank lender reported an 83.6% year-on-year jump in net profit at ₹331.7 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Poonawalla Fincorp posted a net profit of ₹180.7 crore, the company said in a regulatory filing.Jana Small Finance Bank | Bengaluru-based lender reported a 297.5% year-on-year rise in net profit at ₹321.7 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Jana Small Finance Bank posted a net profit of ₹81 crore, the lender said in a regulatory filing.KEC International | Engineering firm said it has secured new orders totalling ₹1,036 crore across its diverse business verticals. The Transmission & Distribution (T&D) segment secured orders for T&D projects in the Middle East and Americas regions.RVNL | The company said it has received a letter of acceptance from Southern Railway for the Redevelopment of Thiruvananthapuram Central Railway Station on EPC mode. The project cost is ₹439.95 crore. RVNL has a 49% share in the JV, while partner Kerala Rail Development Corporation will have a 51% share.Gillette | Shaving products maker reported a 3.5% year-on-year dip in net profit at ₹99.1 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Gillette posted a net profit of ₹102.7 crore, the company said in a regulatory filing.Shoppers Stop | Retail chain reported a 62.3% year-on-year jump in net profit at ₹23.2 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Shoppers Stop posted a net profit of ₹14.3 crore, the company said in a regulatory filing.
Bajaj Finance | The non-banking finance company reported a 21% rise in consolidated net profit to ₹3,825 crore for the March quarter. It had registered a net profit of ₹3,158 crore in the same period a year ago. Total income on a consolidated basis during the January-March period of 2023-24 rose to ₹14,932 crore.IndusInd Bank | Private sector lender on Thursday reported a 15% growth in consolidated net profit to ₹2,349.15 crore in the March quarter, driven by core income growth. The bank’s net profit for the entire FY24 increased 21% to ₹8,977 crore from ₹7,443 crore.Tech Mahindra | IT services company reported a 41% fall in its consolidated net profit for the March quarter to ₹661 crore. Tech Mahindra’s consolidated net profit plunged almost 41% to ₹661 crore for the quarter ended March 2024. For Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore.L&T Technology Services | The company reported a marginal 0.2% growth in net profit for the March quarter at ₹340 crore. The engineering services company’s net profit for FY24 grew 7.6% to ₹1,303.7 crore. In the reporting quarter, its revenue grew 7% to ₹2,537.5 crore, while it was about 5% higher when compared to the quarter-ago period.IndiGo | India’s leading airline has ventured into the wide-body aircraft space with its first order of 30 Airbus A350-900 aircraft. These state-of-the-art A350s will be powered by Rolls Royce’s Trent XWB engines, known for their efficiency and reliability.Tata Steel | Tata Steel UK on Thursday confirmed its decision to proceed with the closure of two old blast furnaces as part of a GBP 1.25-billion investment to transition to a state-of-the-art Electric Arc Furnace at its Port Talbot steelworks in south Wales.Schaeffler | Industrial and automotive parts maker reported a 25.3% year-on-year fall in net profit at ₹219.7 crore for the first quarter. In the corresponding quarter, Schaeffler posted a net profit of ₹294.1 crore. The company’s revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore in the corresponding period of the preceding fiscal.
Cyient | IT solutions provider reported a 28.5% quarter-on-quarter increase in net profit at ₹196.9 crore for the fourth quarter that ended March 31, 2024. In the December quarter, Cyient posted a net profit of ₹153.2 crore, the company said in a regulatory filing.Tata Motors | The vote on the merger proposal of Tata Motors and Tata Motors DVR will be held on Friday, April 26, as announced by the board of directors in July 2023. The company said that it will issue seven (Ordinary) shares of Tata Motors per 10 Tata Motors DVR (A Ordinary) shares, which will stand cancelled.
Kotak Mahindra Bank | The RBI on Wednesday barred private lender from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found “serious deficiencies” in the lender’s IT risk management.Axis Bank | Private lender on Wednesday reported a consolidated net profit of ₹7,599 crore during the March 2024 quarter. Sequentially, the bank’s net profit grew 17% as compared to ₹6,071 crore earnings recorded in the preceding quarter of FY24.Hindustan Unilever | FMCG major on Wednesday reported a 1.53% decline in consolidated net profit to ₹2,561 crore for the fourth quarter ended March 31, 2024. The company had posted a net profit of ₹2,601 crore in the year-ago period.LTIMindtree | Indian IT services company on Wednesday reported a 1.2% decline year-on-year in consolidated net profit for the March quarter to ₹1,100.7 crore. The profit (attributable to shareholders of the company) came in at ₹1099.9 crore for the March quarter, a year-on-year dip of 1.2%.Macrotech Developers | Realty firm on Wednesday reported an 11% decline in consolidated net profit to ₹665.5 crore in the March quarter. However, for the full fiscal year, the company registered a three-fold jump in profit to ₹1,549.1 crore.IHCL | Tata Group hospitality firm reported a 29.4% year-on-year increase in net profit at ₹438.3 crore for the fourth quarter that ended March 31, 2024. The company’s revenue increased 17.2% to ₹1,905.3 crore against ₹1,625.4 crore in the corresponding period of the preceding fiscal.Dalmia Bharat | The cement maker reported a net profit of ₹315 crore. In the previous quarter, net profit came at ₹266 crore. The company’s revenue rose 10% YoY to ₹4,307 crore against ₹3,912 crore in the corresponding period of the preceding fiscal.Syngene International | Contract research and manufacturing services firm reported a 5.5% year-on-year (YoY) increase in net profit at ₹188.6 crore for the fourth quarter that ended March 31, 2024. The company’s revenue dipped 7.8% to ₹916.9 crore against ₹994.4 crore in the corresponding period of the preceding fiscal.Motilal Oswal AMC | The company on Wednesday said it has appointed Prateek Agrawal as managing director (MD) and chief executive officer (CEO) of the company, effective from April 26, 2024. Akhil Chaturvedi, currently Chief Business Officer of MOAMC, has been elevated to the position of executive director.
Tata Consumer Products | The company reported a 22.5% year-on-year dip in net profit at ₹267.7 crore for the fourth quarter. In the corresponding quarter, it posted a net profit of ₹345.6 crore. The company’s revenue increased 8.5% to ₹3,926.9 crore as against ₹3,618.7 crore in the corresponding period of the preceding fiscal.ICICI Prudential | The company reported a 26% drop in net profit to ₹174 crore for the quarter ended March 31 on higher expenses. The insurer had a profit of ₹235 crore in the fourth quarter of 2022-23. The insurer’s net premium income rose 17% to ₹14,788 crore in the March quarter compared to ₹12,629 crore in the year-ago period.Tata Elxsi | The Tata Group firm’s net profit dropped 4.6% to ₹196.9 crore on a sequential basis. Tata Elxsi reported a net profit of ₹206.4 crore in the preceding October-December quarter. Tata Elxsi revenue also dropped by a percent on a quarter-on-quarter (QoQ) basis to ₹905.9 crore.Gokaldas Exports | Readymade garment manufacturer and exporter said it has approved a qualified institutional placement (QIP) offering with an issue price of ₹775 per equity share. The QIP, which opened on April 18, garnered significant interest from eligible qualified institutional buyers.IIFL Finance | Non-banking financial company on Tuesday announced the commencement of a special audit as directed by the Reserve Bank of India (RBI). This development follows the RBI’s imposition of an embargo on March 4, 2024, suspending the disbursement of new gold loans by IIFL until the satisfactory completion of the audit.Cyient DLM | Electronic manufacturing services firm reported an 80.2% year-on-year surge in net profit at ₹22.7 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Cyient DLM posted a net profit of ₹12.6 crore.Nelco | Tata Group satellite services firm reported a 7% year-on-year increase in net profit at ₹6.1 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Nelco posted a net profit of ₹5.7 crore, the company said in a regulatory filing.Rama Steel Tubes | Steel pipes maker said it has decided to raise funds amounting to ₹500 crore through a “further” public offer, following the approval of its board of directors in a meeting held on April 22, 2024. The proposed fundraising, subject to the approval of shareholders and other necessary regulatory clearances.
Reliance Industries | The oil-to-telecom-and-retail conglomerate’s consolidated net profit stood at ₹18,951 crore, or ₹28.01 per share, in January-March quarter of the 2023-24 fiscal compared to ₹19,299 crore, or ₹28.52 a share, a year ago. The profit was, however, higher quarter-on-quarter when compared to ₹17,265 crore in the October-December period.Patel Engineering | The company on Monday said it has launched a qualified institutional placement (QIP) and set a floor price for the QIP at ₹59.50 per share. Sources close to the company revealed that the QIP size is expected to be around ₹400 crore, with an indicative price set at ₹56.53 per share.PSP Projects | The company is planning to launch qualified institutional placement (QIP) to raise ₹244 crore, sources told. The indicative issue price for the QIP has been set at ₹670.00 per share, representing a slight discount to the closing price on the National Stock Exchange (NSE) on April 22, 2024.Tamilnad Mercantile Bank | Private sector lender said its board of directors has recommended a final dividend of ₹10 (100%) per equity share of the face value of ₹10 each for the financial year 2023-24. The bank’s net profit remained unchanged at ₹253 crore for the fourth quarter that ended March 31, 2024.Tejas Networks | Domestic telecom gear-maker reported a net profit of ₹146.8 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Tejas Networks posted a net loss of ₹11.5 crore. The company’s revenue spiked 343.40% to ₹1,326.9 crore as against ₹299.3 crore in the corresponding period of the preceding fiscal.Mahindra Logistics | The company reported a net loss of ₹11.9 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Mahindra posted a net profit of ₹0.20 crore. The company’s revenue increased 14% to ₹1.450.8 crore as against ₹1,272.5 crore in the corresponding period of the preceding fiscal.Rallis India | Agri goods company reported a net loss of ₹21 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Rallis India posted a net loss of ₹69 crore. The company’s revenue from operations tanked 16.6% to ₹436 crore against ₹523 crore in the corresponding period of the preceding fiscal.UltraTech Cement | The company said it has received an order from the Deputy Commissioner, Divisional GST Office (DGSTO), Kalaburagi, Karnataka, demanding payment for GST, interest, and penalties amounting to ₹7.9 crore.HDFC Bank | The bank’s customers in India encountered difficulties accessing net banking services on Monday (April 22). The bank acknowledged the issue in a statement posted on platform X, stating, “A few customers may experience issues while accessing net banking. We’re actively working to resolve this at the earliest.”
