Q4 Results 2024 LIVE Updates: Mankind Pharma, Jindal Stainless, NLC India, LIC Housing Finance, Trident, Pricol, Esaar, more to announce earnings today – Industry News

Berger Paints recorded its fiscal fourth quarter profit at Rs 222.62 crore, up 19.7 crore in comparison to Rs 186.01 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 2,520.28 crore, up 3.1 per cent on-year as against Rs 2,443.63 crore during the fourth quarter of previous year. The company EBITDA was down 4.8 per cent at Rs 361.1 crore.

The SIA Group’s net profit improved by $518 million (+24.0%) to $2,675 million. This was mainly due to the better operating performance (+$36 million), a net interest income versus net finance charges a year before (+$215 million), lower tax expense (+$132 million)3, and a share of profits versus a share of losses of associated companies from the previous year (+$104 million).

Group revenue rose $1,238 million (+7.0% year-on-year) to a record $19,013 million. Passenger flown revenue rose by $2,319 million (+17.3%) to $15,685 million, despite a 7.6% decline in passenger yields. Cargo flown revenue fell $1,485 million (-41.2%) to $2,119 million.

Consolidated EPS rose by 6% qoq and 18% yoy, in line with estimates, as the strong EBITDA margin in bikes was neutralized by truck volume and profit pressure.

“We maintain FY25F EPS estimate and upgrade FY26F estimate for new small truck sales benefits. The sharp rally in the stock price in recent months surprises us, as market share and volume recovery is still awaited,” said analysts at InCred Equities.

“The increased competition and slow recovery in exports led to our 4% sales volume cut for FY25F-26F. However, the buoyancy in non-motorcycle business and a healthy EBITDA margin led us to maintain FY25F EBITDA and upgrade FY26F EBITDA by 4%. For FY26F, we build in 2t truck volume benefits, but lower margins for VECV,” the analysts added.

Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, said, “In FY24, the company has demonstrated remarkable progress in terms of Pre-Sales, collections, new additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us. In FY 2024, Rustomjee Group accomplished an exceptional performance, recording Pre-Sales of Rs 2266 crore which is a remarkable growth of 41% YoY well ahead of our guidance of 25%. Going forward, we anticipate a continued upward trajectory in Pre-Sales, driven by our strong pipeline of launches and the unwavering trust of our customers. Throughout this financial year, we launched 6(six) developments having an estimated saleable area of 1.68 mn sqft to cater to the preferences of our diverse clientele. Further, the addition of 5 new developments during Q4 has taken our Full Year additions to 10 new developments boasting an estimated saleable area of 4.1 Mn sqft. During the year, we have completed 12 buildings with a developable area of 4.65 mn sq ft., which is the highest ever in any year.”

Keystone Realtors Ltd recorded a profit decline of 59.9 per cent on-year during the quarter ended March 31, 2024 to Rs 30.68 crore from Rs 76.59 crore reported during the fourth quarter of FY23. However, the revenue from operations recorded a jump of 135.7 per cent YoY to Rs 811.56 crore as against Rs 344.38 crore posted during Q4FY23.

Financial Performance:

>Revenues grew by 10.3% YoY to Rs14.9bn

>Gross margins expanded by 244bps YoY to 69.3%

>EBITDA grew by 17.8% YoY to Rs5.3bn; Margins expanded by 226bps YoY to 35.7%

>A&P spends expanded by 75bps YoY to 11.3%

>Adj. PAT grew by 19.4% YoY to Rs3.8bn

MR Jyothy, Chairperson and Managing Director, Jyothy Labs Limited, said “We have delivered a healthy performance for the quarter and for the year with expanding profitability. Our last 4 years have been a consistent double digit revenue growth with a focus on relentless execution and drive towards higher business scale. We continue to focus on innovation, invest in our brands, expand distribution with aid of technology and be future ready. With the rise of disposable incomes, we believe there exists an immense future potential in the categories in which we are present. We would always strive to offer the best value to our consumers and all stakeholders.”

Jyothy Labs on Wednesday reported its fiscal fourth quarter profit at Rs 78.16 crore, up 32.4 per cent in comparison to Rs 59.03 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 659.99 crore, up 7 per cent as against Rs 616.95 crore during the fourth quarter of the previous fiscal. The company EBITDA stood at Rs 108.9 crore, up 18.5 per cent on-year.

The company board also recommended a dividend of Rs 3.50 per equity share of Re 1 each for the financial year 2023-24. “The Dividend, if approved at the ensuing Annual General Meeting, will be paid/ dispatched on or after July 27, 2024,” the company said in a regulatory filing.

– Formulations including GPI manufactured products grew by 41 per cent.

– Revenue share from the North America increased to 70 per cent in Q4 FY24 as compared to 58 per cent in Q4 FY23.

– Decline in Para API sales volume and price erosion.

– Active Pharmaceuticals Ingredients (API), Pharmaceutical Formulation Intermediates (PFI), and Finished dosages contribute 14 per cent, 13 per cent, and 73 per cent of revenue from operations respectively for Q4FY24.

– ROCE is at 16.5 per cent as compared to 21.2 per cent YoY.

– Net debt stood at Rs 8,421 million and Net debt to EBITDA at 0.98x

Dr Krishna Prasad Chigurupati, Chairman & Managing Director, Granules India Limited, said, “We had a strong uptick in gross margin for the Q4 and for the full year, with continued growth in formulations share coming from US and Europe as part of our global expansion strategy and a higher contribution from new products. While the fiscal year numbers were below expectations due to the cyber incident and low paracetamol demand, we are very excited about the way our strategies for the future are playing out and look forward to the upcoming years.”

Granules India Limited reported its fiscal fourth quarter profit at Rs 129.65 crore, up 8.4 per cent in comparison to Rs 119.61 crore during the corresponding quarter of last year. It posted revenue from operations at Rs 1175.78 crore, marginally lower than Rs 1195.50 crore recorded during the same period last year. The company EBITDA stood at Rs 255.5 crore, up 12 per cent on-year.

“Fourth quarter has been a combination of execution and building phases for us. We were able to fulfill our delivery commitments before schedule underscoring our dedication to customers and emphasizing our ability to stay true to our commitments. The Great Place to Work certification has further strengthened our belief in the culture and environment we have created at ideaForge over the years.

We witnessed significant progress in our diversification initiatives. We conducted live demos with end customers in the US with our systems carrying out real-world missions and received affirmative and encouraging responses from these customers.

Q4 and FY24 results reinforce our belief that to evaluate our business, one must look at it holistically, with a combination of financial results, our efforts & achievements in diversification & product development & the moat we are creating through focusing on IP creation, and the growth trajectory of the UAV industry, and the defence space.”

– Ankit Mehta, CEO, ideaForge

“While India business posted consistent performance, the consolidated results missed estimates owing to currency devaluation in Africa. ARPU for India wireless business in Q4FY24 witnessed sluggish sequential growth compared to the other quarters of FY24. The company’s net debt to annualized EBITDA ratio declined to 2.59x for FY24(vs. 2.97x in FY2023). Bharti Airtel continues to report industry leading ARPUs with steadily increasing subscribers and improving subscriber mix. We have a Buy rating on the stock,” said Shaji Nair, Research Analyst, Sharekhan by BNP Paribas.

“INOX India’s margins were impacted by teething expenses at its new facility. The new facility will effectively double the company’s capacity. As a result, the operating margin (EBITDA) for the current quarter was 19.3%. Profit growth was muted in the quarter at -9% QoQ. Revenues and profit grew by 17% and 27%, respectively, in FY24. INOX’s profit has grown by 21% CAGR over FY20-FY24. Going forward, we expect margins to return to the normal. We also expect revenues to get a boost from: 1) no custom duty on disposable cylinders (~9% of FY24 volumes); and 2) start of beverage keg business,” said Mohit Kumar from ICICI Securities.

Power Finance Corporation Limited recorded a profit of Rs 7556.43 crore during the fourth quarter of FY24, up 23.3 per cent in comparison to Rs 6128.63 crore during the same period last year. It posted revenue from operations at Rs 24,141.40 crore, up 20.3 per cent as against Rs 20,060.86 crore during the fourth quarter of FY23.

While the gross NPA stood at 3.34 per cent as against 3.52 per cent during the previous quarter, net NPA was at 0.85 per cent.

The edible oil segment achieved sales of Rs 5,588.96 crore during Q4FY24 registering a sequential topline growth of 1.94 per cent. Volumes in Q4FY24 increased by 5 per cent to 6.34 lakh MT vis-a-vis. 6.04 lakh MT in Q4FY23. The growth in volume was achieved at the back of the expanded distribution reach and superior offering to consumers.

Patanjali Foods Limited reported its fiscal fourth quarter profit at Rs 206.32 crore, down 21.8 per cent on-year in comparison to Rs 263.71 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 8221.66 crore, up 4.4 per cent as against Rs 7872.92 crore during the same period last year.

The Food & FMCG segment achieved an ever highest quarterly revenue of Rs 2,704.61 crore in Q4FY24, achieving a growth of 8.24 per cent on-year. The Food & FMCG segment accounted for 32.57 per cent of total revenue from operations in the current quarter.

On 2nd April, 2024, Shree Cement commissioned its Integrated Cement Plant in Guntur district of Andhra Pradesh with cement capacity at 3.0 million tonnes per annum. “The work on other 18 million tonnes capacity expansion projects already announced is progressing as per schedule,” the company said. Upon completion, it added, total cement production capacity of the company in India will reach 74.80 million tonnes.

Shree Cement recorded Q4FY24 profit at Rs 674.88 crore, up 28.4 per cent in comparison to Rs 525.77 crore during the same period last year. It posted revenue from operations at Rs 5432.81 crore, up 6.5 per cent on-year as against Rs 5100.19 crore during the fourth quarter of FY23.

Neeraj Akhoury, Managing Director, Shree Cement Ltd, said, “Our strong financial performance reflects our sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. This is complemented by our digital transformation, which is driving us forward, streamlining our operations and empowering our people with data-driven decision-making capabilities.”

Safari Industries (India) recorded a profit of Rs 43.19 crore for the quarter ended March 31, 2024, up 13.4 per cent in comparison to Rs 38.08 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 365.42 crore, up 20.7 per cent as against Rs 302.71 crore during the same period last year.

The company board recommended a final dividend of Rs 1.50 (75 per cent) per equity share of Rs 2 each for the financial year 2023-24.

“In the last quarter, we launched Elysian Tower-C at our flagship integrated development Oberoi Garden City and we also delivered over 1,100 homes to residents at Sky City in Borivali. We recorded the highest ever quarterly and annual profits driven by robust sales momentum and healthy operational performance. Our integrated developments will redefine the landscape of urban living and hospitality in MMR as we extend our longstanding association with Marriott International to develop hotels in Thane and Borivali. Our Grade-A offices at International Business Park witnessed sustained demand as occupiers focus on quality workspaces. We remain committed to develop our existing land parcels and explore new growth opportunities, leading to enhanced value for our stakeholders.”

– Vikas Oberoi, CMD, Oberoi Realty

Oberoi Realty recorded a profit rise of 64.1 per cent on-year for the quarter ended March 31, 2024 to reach Rs 788.03 crore in comparison to Rs 480.29 crore during the same period last year. It posted revenue from operations at Rs 1314.77 crore, up 36.8 per cent as against Rs 961.43 crore during the fourth quarter of FY23.

Oberoi Realty board declared a third interim dividend of Rs 2 per equity share i.e. 20 per cent of the face value of equity share of Rs 10 each in respect of the fourth quarter of the financial year ended March 31, 2024.

The company also recommended a final dividend of Rs 2 per equity share i.e. 20 per cent of the face value of equity share of Rs 10 each for the financial year ended March 31, 2024.

Thyrocare Technologies Ltd posted a profit jump of 41.1 per cent on-year for the fourth quarter of FY24 at Rs 17.78 crore in comparison to Rs 12.60 crore recorded during the same period last year. It posted revenue from operations at Rs 154.25 crore, up 13.5 per cent as against Rs 135.88 crore posted during the March quarter of FY23.

The company board also recommended a final dividend of Rs 18 per equity share of face value of Rs 10 each for the financial year 2023-24.

Radico Khaitan reported its fiscal fourth quarter profit at Rs 53.91 crore, up 26.4 per cent in comparison to Rs 42.65 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 3894.64 crore, up 15.4 per cent as against Rs 3375.36 crore during the same period last year.

The Board of Directors also recommended a dividend of 150 per cent, i.e. Rs 3 per equity shares of Rs 2 each for the financial year ended March 31, 2024.

Colgate-Palmolive reported a consolidated net profit of Rs 379.82 crore for the March quarter (Q4FY24), a growth of 20.11% from the year-ago period. This was ahead of street estimates which forecast net profit at Rs 360 crore for the period. Revenue rose 10.35% year-on-year to Rs 1,480.66 crore, rising 10.35% in the year-ago quarter, marginally ahead of street estimates of Rs 1,468 crore for the period.