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| As on Apr 26, 2024 12:00 AM |
Your results on : Hot Pursuit |
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| The company?s net profit increased on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income. Net sales jumped 19.06% year on year (YoY) to Rs 36,697.5 crore in the quarter ended 31 March 2024. Profit before tax increased 53.55% to Rs 4,997.8 crore in Q4 FY24 from Rs 3,254.8 crore recorded in the corresponding quarter previous year. The company sold a total of 5,84,031 vehicles in Q4 FY24, registering a growth of 13.4% as compared to 5,14,927 vehicles sold in the same period a year ago. The auto major's sales in the domestic market stood at 5,05,291 units (up 12.2% YoY) and sales in the export market was at Rs 78,740 units (up 21.7% YoY) during the period under review. Operating EBIT in Q4 FY24 was at Rs 3,956 crore, recording a growth of 51.5% on YoY basis. On full year basis, the company's net profit soared 64.10% to Rs 13,209.4 crore on 19.94% rise in net sales to Rs 1,34,937.8 crore in FY24 over FY23. The company sold a total of 21,35,323 units during the period, up 8.6% YoY. Meanwhile, the company's board has declared a dividend of Rs 125 per share equity share for FY24. The record date for the purpose of payment of dividend is 3rd September 2024. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles). Shares of Maruti Suzuki slipped 1.70% to settle at Rs 12,687.05 on the BSE.
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| Operating revenue jumped 60% YoY to Rs 1,569 crore in Q4 FY24. The company reported highest ever quarterly capital market business PAT of Rs 251 crore, up 68% YoY and 23% QoQ. Revenues for this segment were Rs 982 crore, up 68% YoY and up 28% QoQ in Q1FY24. Capital markets comprise of retail broking and distribution, institutional equities and investment banking business. Overall, the company's average daily turnover (ADTO) grew 122% YoY and 26% QoQ. Asset and Wealth Management revenues were Rs 589 crore in Q4FY24, up 58% YoY. Profits were Rs 210 crore in Q4 FY24, up 79% YoY. Asset Management business AUM across MF, PMS & AIF grew strongly to Rs 71,810 crore, up 57% YoY and 11% QoQ. Housing finance business PAT was Rs 31 crore in Q4 FY24. The segment AUM grew by 6% YoY to Rs 4,047 crore as n 31 March 2024. Meanwhile, the company has issuance of bonus shares in the ratio of 3:1 i.e 3 equity shares of face value of Rs 1/- each for every 1 existing equity share of face value of Rs 1/- each held by the shareholders of the company. Motilal Oswal, MD & CEO said, ?38% growth in FY24 Operating PAT to 1,535 crore and Consolidated PAT of 2,626 crore is a testimony to the structural tailwinds in our core businesses of capital markets and asset & wealth management. Capital market business remains significantly underpenetrated with most exciting 5 years ahead of us. Our presence in 98% of pin codes & 6% cross-sell ratio provides us with a ready base and headroom to grow our distribution business. With 95% of MOAMC strategies outperforming the benchmark, turnaround in Gross & Net Sales, presence across MF & Alternates, focus on equities and launch of new products, AMC business should once again take the growth leadership for MOFSL. Huge investments in our Wealth management business, strengthening of leadership across regions & functions combined with the wealth effect under way should all come together to make this business our next growth engine. HFC business reported 0.4% Net NPA and focus is back on growth with sales team doubled in FY24 and set to doubled again in FY25, paving way for doubling of disbursements. Such synchronized tailwinds and growth runways across our businesses are drivers to our large investments in talent, brand building and infrastructure. The unique twin engine of highly growth-high RoE Operating businesses and 18+% X1RR on treasury management has resulted in a Consolidated Roc of 35%, fueling undiluted growth and healthy payouts since our listing in 2007.? Further, due to internal reorganization, the company?s board has approved the change in designation of Navin Agarwal from non-executive director to executive director by appointing him as managing director of the company, being liable to retire by rotation, for a term of five years from 26 April 2024 to 25 April 2029. Furthermore, Prateek Agrawal, designated as managing director and chief executive officer of Motilal Oswal Asset Management Company (MOAMC), a material subsidiary of the company and Sandeep Walunj designated as chief marketing officer of the company in place of Rohini Kute, Head - Corporate Communication. Motilal Oswal Financial Services is a financial services company. Its offerings include capital markets businesses (retail broking, institutional broking & investment banking), asset & wealth management (asset management, private equity & wealth management), housing finance & equity based treasury investments.
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| Revenue from operations soared to Rs 131.99 crore in March 2024 quarter from 29.86 crore posted in corresponding quarter previous year. Profit before tax stood at Rs 94.87 crore in fourth quarter of FY24, higher than Rs 9.97 crore reported in Q4 FY23. On a full year basis, the company?s net profit increased 35.56% to Rs 157.75 crore on 37.35% rise in revenue from operations to Rs 331.48 crore in FY24 over FY23. Dolat Algotech is a trading cum self-clearing member of National Stock Exchange of India and carries on the business of securities broking and securities trading. The counter hit 52-week high of Rs 118.60 in today?s intraday session.
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| Profit before tax climbed 39.43% year on year (YoY) to Rs 2,644.12 crore in the quarter ended 31 March 2024. Net interest income increased 20.02 % to Rs 5,336.06 crore in Q4 FY24 as against Rs 4,445.89 crore recorded in Q4 FY23. As on 31 March 2024, the total assets under management rose 21.10% to Rs 2,24,861.98 crore as compared to Rs 1,85,682.86 crore as on 31 March 2023. Liquidity coverage ratio was at 195.55% as on 31 March 2024 as against 209.86% as of 31 March 2023. Cost to income ratio decreased to 26.68% in Q4 FY24 from 30.15% reported in Q4 FY23. The firm's return on assets (ROA) and return on equity (ROE) stood at 3.19% and 16.37%, respectively in the quarter ended 31 March 2024. For FY24, the company?s net profit increased 20.26% to Rs 7,190.48 crore on 17.43% rise in total income to Rs 34,997.61 crore over FY23. Meanwhile, the board declared a final dividend of Rs 15 per share for FY24. The record date for same has been fixed as on 23 July 2024 and it will be paid between 24 July 2024 to 30 July 2024. Furthermore, the NBFC's board has also approved resource mobilisation plan for issuance of debt securities viz. redeemable non-convertible debentures (NCDs)/subordinated debentures, bonds or any other permissible instrument on private placement basis in tranches, bonds/notes in offshore markets, external commercial borrowings and other methods of borrowing for the purpose of business of the company for the financial year 2024-2025. Lastly, the board of directors approved acquisition of 100% stake in Shriram Overseas Investments from Shriram Investments Holdings. Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. The scrip rose 0.34% to end at Rs 2,502 on the BSE.
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| Total income increased 35.63% YoY to Rs 32041.93 crore in Q4 FY24. Profit before tax stood at Rs 5526.54 crore in the quarter ended 31 March 2024, up 21.72% as compared with Rs 4,540.46 crore in Q4 FY23. Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.45% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Bajaj Finance (BFL) reported 21% jump in net profit to Rs 3,825 crore in Q4 FY24 as compared with Rs 3,158 crore in Q4 FY23. This includes profit after tax of its 100% mortgage subsidiary, BHFL, of Rs 381 crore in Q4 FY24 as against Rs Rs 302 crore in Q4 FY23, up 26%. The consolidated profit was impacted by approximately 4% due to regulatory action on two businesses. Gross Non-Performing Assets (NPA) and Net NPA as on 31 March 2024 stood at 0.85% and 0.37% respectively as against 0.94% and 0.34% as on 31 March 2023. Provisioning coverage ratio on stage 3 assets is 57%. BFL holds a management and macro-economic overlay of Rs 300 crore as on 31 March 2024. Assets Under Management (AUM) as on 31 March 2024 were Rs 3,30,615 crore compared wth Rs 2,47,379 crore as on 31 March 2023, registering the growth of 34%. This includes AUM of Rs 91.370 crore of BHFL. which recorded a growth of 32% over the AUM as on 31 March 2023. Capital adequacy ratio (CRAR) (including Tier-II capital) as on 31 March 2024 increased to 22.52%. The Tier-I capital stood at 21.51%. For BHFL, the capital adequacy ratio (including Tier-II capital) stood at 21.28%. Bajaj Allianz General Insurance Company (BAGIC) gross written premium for Q4 FY24 increased by 32% to Rs 4,962 crore as compared with Rs 3,766 crore in Q4 FY23. Excluding tender-driven crop and government health insurance premium, BAGIC's gross written premium increased by 13% to Rs 3,780 crore in Q4 FY24 from Rs 3,345 crore in Q4 FY23. Claim ratio increased to 70.3% in Q4 FY24 as against 66.4% in Q4 FY23. Claim ratio is higher than previous year on account of higher claim ratio in Health and Motor TP segments, partially offset by lower commercial & crop claims. During the quarter, profit after tax jumped 18% to Rs 380 crore as compared with Rs 322 crore posted in the quarter ended 31 March 2023. As on 31 March 2024, solvency ratio was 349%, which is well above the minimum regulatory requirement of 150%. Assets under management (AUM), represented by cash and investments stood at Rs 31,196 crore as on 31 March 2024 as compared with Rs 27,809 crore as on 31 March 2023, up 12%. Bajaj Allianz Life Insurance Company's (BALIC) new business premium for Q4 FY24 increased by 20% to Rs 3,953 crore as compared with Rs 3,297 crore in Q4 FY23. Renewal premium for 04 FY24 stood at Rs 4,230 crore as against Rs 3,137 crore in Q4 FY23, registering the growth of 35%. Shareholders' profit after tax during Q4 FY24 increased to Rs 106 crore as compared with Rs 26 crore in Q4 FY23. Gross written premium jumped 27% to Rs 8,183 crore in Q4 FY24 as compared with Rs 6,434 crore in Q4 FY23. Net New Business Value (NBV). which is the key metric used to measure profitability of life insurance business, increased 16% to Rs 480 crore in Q4 FY24 as against Rs 415 crore in Q4 FY23. Solvency ratio stood at a healthy 432% as on 31 March 2024 as against the minimum regulatory requirement of 150%. Assets Under Management (AUM), represented by total investments stood atRs 1,09,829 crore as on 31 March 2024 as compared with Rs 90,584 crore as on 31 March 2023. Meanwhile, the company?s board has declared a dividend of Rs 1 per equity share of face value of Rs 1 for the financial year ended 31 March 2024. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited on or about Friday, 26 July 2024 or Saturday, 27 July 2024. The scrip declined 3.76% to Rs 1,593.60 on the BSE.
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| The PSU bank's operating profit stood at Rs 2,209.62 crore, registering a growth of 19.10% on YoY basis. Net interest income (NII) increased 18.17% YoY to Rs 2,584 crore during the quarter. Net interest margin (NIM) improved to 3.97% as on 31 March 2024 as against 3.78% as of 31 March 2023. On asset quality front, the bank's gross non-performing assets (NPA) stood at 3,833.05 crore as on 31 March 2024 as against Rs 4,334 crore as on 31 March 2023. Gross NPA declined to 1.88% as on 31 March 2024 against 2.47% as on 31 March 2023. Net NPA reduced to 0.20% as on 31 March 2024 as compared to 0.25% as on 31 March 2023. Provision coverage ratio improved to 98.34% as on 31 March 2024 as against 98.28% as on 31 March 2023. The bank held cumulative COVID-19 contingency provision amounting to 1,200 crore as on 31 March 2024. Total Basel III capital adequacy ratio improved to 17.38% with common equity tier 1 ratio of 12.50% for as of 31 March 2024. Return on assets (ROA) & return on equity (ROE) of the bank for the quarter improved to 1.73% and 28.35% from 1.32% and 26.32%, respectively posted in Q4 FY23. Gross advances grew by 16.3% YoY to Rs 2,03,664 crore as on 31 March 2024 as against Rs 1,75,120 crore as on 31 March 2023. Total deposits stood at Rs 2,70,747 crore on 31 March 2024, up by 15.66% YoY. As on 31 March 2024, CASA deposits rose 14.25% YoY to Rs 1,42,774 crore while CASA ratio declined to 52.73% as on 31 March 2024 from 53.38% as on 31 March 2023. On a full year basis, the bank?s net profit increased 55.84% to Rs 4,055.03 on 29.23% rise in total income to Rs 23,492.56 crore in FY24 over FY23. Meanwhile, the board recommended a final dividend of Rs 1.40 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders. Further, the bank?s board approved funds raising up to Rs 7,500 crore follow-on public offer (FPO) / rights issue / qualified institutional placement (QIP) issue, preferential issue, ESPS or any other mode through issue of Basel III compliant Tier I and Tier II bonds or such other securities, subject to the necessary approvals. Bank of Maharashtra is a public sector bank in India. The Government of India held 86.46% stake in the bank as of 31 March 2024.
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Bajaj Finance Ltd, KPI Green Energy Ltd, Paisalo Digital Ltd and Godfrey Phillips India Ltd are among the other losers in the BSE's 'A' group today, 26 April 2024. L&T Technology Services Ltd crashed 7.84% to Rs 4775 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 51431 shares were traded on the counter so far as against the average daily volumes of 5850 shares in the past one month. Bajaj Finance Ltd tumbled 7.68% to Rs 6733.65. The stock was the second biggest loser in 'A' group.On the BSE, 2.29 lakh shares were traded on the counter so far as against the average daily volumes of 43954 shares in the past one month. KPI Green Energy Ltd lost 5.00% to Rs 2003.8. The stock was the third biggest loser in 'A' group.On the BSE, 16503 shares were traded on the counter so far as against the average daily volumes of 65121 shares in the past one month. Paisalo Digital Ltd shed 4.99% to Rs 73.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 2.19 lakh shares in the past one month. Godfrey Phillips India Ltd pared 4.62% to Rs 3301.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 8254 shares were traded on the counter so far as against the average daily volumes of 6714 shares in the past one month.
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Compucom Software Ltd, Nila Spaces Ltd, Samor Reality Ltd and Waaree Renewables Technologies Ltd are among the other losers in the BSE's 'B' group today, 26 April 2024. Mohit Industries Ltd lost 5.82% to Rs 21.83 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 15886 shares were traded on the counter so far as against the average daily volumes of 8572 shares in the past one month. Compucom Software Ltd crashed 5.68% to Rs 33.89. The stock was the second biggest loser in 'B' group.On the BSE, 44711 shares were traded on the counter so far as against the average daily volumes of 69758 shares in the past one month. Nila Spaces Ltd tumbled 5.00% to Rs 8.93. The stock was the third biggest loser in 'B' group.On the BSE, 10.9 lakh shares were traded on the counter so far as against the average daily volumes of 6.7 lakh shares in the past one month. Samor Reality Ltd dropped 5.00% to Rs 125.4. The stock was the fourth biggest loser in 'B' group.On the BSE, 2592 shares were traded on the counter so far as against the average daily volumes of 3383 shares in the past one month. Waaree Renewables Technologies Ltd slipped 5.00% to Rs 2748.45. The stock was the fifth biggest loser in 'B' group.On the BSE, 5 lakh shares were traded on the counter so far as against the average daily volumes of 5.74 lakh shares in the past one month.
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L&T Technology Services Ltd, Housing & Urban Development Corporation Ltd, DCM Shriram Ltd, Tech Mahindra Ltd are among the other stocks to see a surge in volumes on NSE today, 26 April 2024. Zensar Technologies Ltd clocked volume of 129.21 lakh shares by 14:14 IST on NSE, a 25.92 times surge over two-week average daily volume of 4.99 lakh shares. The stock gained 9.20% to Rs.627.55. Volumes stood at 4.15 lakh shares in the last session. L&T Technology Services Ltd saw volume of 14.94 lakh shares by 14:14 IST on NSE, a 12.14 fold spurt over two-week average daily volume of 1.23 lakh shares. The stock dropped 8.15% to Rs.4,760.30. Volumes stood at 2.02 lakh shares in the last session. Housing & Urban Development Corporation Ltd clocked volume of 949.53 lakh shares by 14:14 IST on NSE, a 10.09 times surge over two-week average daily volume of 94.09 lakh shares. The stock gained 12.78% to Rs.229.00. Volumes stood at 95.79 lakh shares in the last session. DCM Shriram Ltd recorded volume of 2.82 lakh shares by 14:14 IST on NSE, a 9.83 times surge over two-week average daily volume of 28634 shares. The stock gained 5.43% to Rs.953.00. Volumes stood at 25766 shares in the last session. Tech Mahindra Ltd witnessed volume of 182.5 lakh shares by 14:14 IST on NSE, a 8.29 times surge over two-week average daily volume of 22.01 lakh shares. The stock increased 8.20% to Rs.1,287.85. Volumes stood at 33.57 lakh shares in the last session.
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While the operating profit of the company remained flat at Rs 531.36 crore during the period under reivew, operating profit margin (OPM) declined to 17.56% in Q4 FY24 from 20.29% in Q4 FY23. Profit before tax for Q4 FY24 stood at Rs 464.56 crore as against Rs 464.66 crore in Q4 FY23. For FY24, Supreme Industries has recorded net profit and revenues of Rs 1,069.72 crore (up 23.62% YoY) and Rs 10,199.95 crore (up 10.49% YoY), respectively. The company has total cash surplus of Rs 1,178 crore as on 31 March 2024 as against cash surplus of Rs 738 crore as on 31 March 2023. The board of directors of the company has recommended payment of final dividend of Rs 22 per share for the year ended 31 March 2024. This along with interim dividend of Rs 8 per share aggregates to a total dividend of Rs 30 per share for FY24. The company has plans to commit capex of about Rs 1500 crore, including carry forward commitments of Rs 496 crore at the beginning of the year. Entire Capex shall be funded from internal accruals. M. P. Taparia, managing director, The Supreme Industries, said: ?During the year under review the company achieved volume growth of about 33% in Plastic Piping System made from different plastic materials. Overall, the company sold 501,001 tons of Pipe System compared to 375,046 tons in the preceding year. However, due to reduction in PVC resin prices, revenue growth was at about 15% over previous year. The company?s entire range of Plastics products are poised to grow in this year. The company is also taking several initiatives to boost export of Plastics products out of its product range. The response to this initiative is encouraging. To meet the growth in demand for piping products company has initiated steps not only to do brownfield expansion at existing manufacturing sites but also to put up new plants near Patna (Bihar) and Vijayawada (Andhra Pradesh).? Supreme Industries is engaged mainly in production of plastic products and operate in various product categories like Plastic piping system, cross laminated films & products, protective packaging products, industrial molded components, molded furniture, storage & material handling products, performance packaging films and composite LPG cylinders. The scrip fell 1.50% to currently trade at Rs 4237.15 on the BSE.
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Among the components of the S&P BSE Telecommunication index, Vodafone Idea Ltd (down 2.66%), Tejas Networks Ltd (down 2.18%),Route Mobile Ltd (down 1.76%),Tata Teleservices (Maharashtra) Ltd (down 1.35%),HFCL Ltd (down 1.2%), were the top losers. Among the other losers were OnMobile Global Ltd (down 0.88%), Bharti Airtel Ltd (down 0.83%), Sterlite Technologies Ltd (down 0.82%), ITI Ltd (down 0.6%), and Vindhya Telelinks Ltd (down 0.47%). On the other hand, Avantel Ltd (up 6.18%), Railtel Corporation of India Ltd (up 2.06%), and Optiemus Infracom Ltd (up 1.1%) turned up. At 13:41 IST, the S&P BSE Sensex was down 491.26 or 0.66% at 73848.18. The Nifty 50 index was down 133.25 points or 0.59% at 22437.1. The S&P BSE Small-Cap index was up 158.51 points or 0.34% at 47271.29. The S&P BSE 150 Midcap Index index was up 84.17 points or 0.6% at 14061.47. On BSE,2034 shares were trading in green, 1675 were trading in red and 137 were unchanged.
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Among the components of the S&P BSE BANKEX index, IndusInd Bank Ltd (up 2.59%), State Bank of India (up 1.27%), Kotak Mahindra Bank Ltd (up 1.26%), AU Small Finance Bank Ltd (up 1.14%), and ICICI Bank Ltd (up 0.67%), were the top losers. On the other hand, Federal Bank Ltd (up 1.31%), IDFC First Bank Ltd (up 1.13%), and Axis Bank Ltd (up 0.39%) turned up. At 13:41 IST, the S&P BSE Sensex was down 491.26 or 0.66% at 73848.18. The Nifty 50 index was down 133.25 points or 0.59% at 22437.1. The S&P BSE Small-Cap index was up 158.51 points or 0.34% at 47271.29. The S&P BSE 150 Midcap Index index was up 84.17 points or 0.6% at 14061.47. On BSE,2034 shares were trading in green, 1675 were trading in red and 137 were unchanged.
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Among the components of the S&P BSE Financial Services index, Bajaj Finance Ltd (down 7.89%), Paisalo Digital Ltd (down 4.99%),Shriram Finance Ltd (down 4.08%),Bajaj Finserv Ltd (down 3.97%),Religare Enterprises Ltd (down 3.63%), were the top losers. Among the other losers were Nuvama Wealth Management Ltd (down 3.25%), Authum Investment & Infrastructure Ltd (down 3.01%), L&T Finance Ltd (down 2.83%), Maharashtra Scooters Ltd (down 2.75%), and IndusInd Bank Ltd (down 2.59%). On the other hand, Housing & Urban Development Corporation Ltd (up 13.04%), Dolat Algotech Ltd (up 10.73%), and Indian Railway Finance Corporation Ltd (up 5.32%) turned up. At 13:41 IST, the S&P BSE Sensex was down 491.26 or 0.66% at 73848.18. The Nifty 50 index was down 133.25 points or 0.59% at 22437.1. The S&P BSE Small-Cap index was up 158.51 points or 0.34% at 47271.29. The S&P BSE 150 Midcap Index index was up 84.17 points or 0.6% at 14061.47. On BSE,2034 shares were trading in green, 1675 were trading in red and 137 were unchanged.
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Union Bank of India gained for a third straight session today. The stock is quoting at Rs 151.7, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. Union Bank of India has risen around 0.33% in last one month. Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has risen around 8.25% in last one month and is currently quoting at 7403.15, down 0.15% on the day. The volume in the stock stood at 92.66 lakh shares today, compared to the daily average of 149.49 lakh shares in last one month. The PE of the stock is 8.72 based on TTM earnings ending December 23.
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NMDC Ltd gained for a third straight session today. The stock is quoting at Rs 256.55, up 1.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. NMDC Ltd has gained around 28.92% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has gained around 13.41% in last one month and is currently quoting at 9242, up 0.07% on the day. The volume in the stock stood at 125.58 lakh shares today, compared to the daily average of 173.37 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 259, up 1.63% on the day. NMDC Ltd is up 136.23% in last one year as compared to a 25.57% jump in NIFTY and a 60.74% jump in the Nifty Metal index. The PE of the stock is 12.79 based on TTM earnings ending December 23.
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Hindustan Zinc Ltd rose for a third straight session today. The stock is quoting at Rs 424, up 3.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. Hindustan Zinc Ltd has added around 44.36% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has added around 13.41% in last one month and is currently quoting at 9242, up 0.07% on the day. The volume in the stock stood at 30.21 lakh shares today, compared to the daily average of 54.03 lakh shares in last one month. The PE of the stock is 22.33 based on TTM earnings ending March 24.
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Hindustan Copper Ltd gained for a third straight session today. The stock is quoting at Rs 392.45, up 3.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. Hindustan Copper Ltd has risen around 37.7% in last one month. Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has risen around 13.41% in last one month and is currently quoting at 9242, up 0.07% on the day. The volume in the stock stood at 234.88 lakh shares today, compared to the daily average of 203.44 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 395.9, up 2.84% on the day. Hindustan Copper Ltd is up 293.04% in last one year as compared to a 25.57% spurt in NIFTY and a 60.74% spurt in the Nifty Metal index. The PE of the stock is 121.27 based on TTM earnings ending December 23.
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HDFC Asset Management Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 3736.95, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. HDFC Asset Management Company Ltd has dropped around 1.54% in last one month. Meanwhile, Nifty Financial Services index of which HDFC Asset Management Company Ltd is a constituent, has dropped around 3.01% in last one month and is currently quoting at 21545.35, down 0.59% on the day. The volume in the stock stood at 2.53 lakh shares today, compared to the daily average of 5.09 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 3766.5, up 1.26% on the day. HDFC Asset Management Company Ltd is up 115.56% in last one year as compared to a 25.57% gain in NIFTY and a 12.15% gain in the Nifty Financial Services index. The PE of the stock is 40.5 based on TTM earnings ending March 24.
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Muthoot Finance Ltd rose for a third straight session today. The stock is quoting at Rs 1685.95, up 1.87% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 22495.4. The Sensex is at 74089.19, down 0.34%. Muthoot Finance Ltd has added around 14.05% in last one month. Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has added around 3.01% in last one month and is currently quoting at 21545.35, down 0.59% on the day. The volume in the stock stood at 9.86 lakh shares today, compared to the daily average of 7.78 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1668.35, up 2.62% on the day. Muthoot Finance Ltd is up 66.58% in last one year as compared to a 25.57% gain in NIFTY and a 12.15% gain in the Nifty Financial Services index. The PE of the stock is 17.06 based on TTM earnings ending December 23.
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On year on year (YoY) basis, the company's consolidated net profit jumped 15.93% while revenue grew by 6.25% in Q4 FY24. Consolidated profit before tax stood at Rs 259.1 crore in Q4 FY24, registering a growth of 29.74% QoQ and 24.87% YoY. The IT firm's normalised profit after tax was at Rs 196.9 crore during the quarter, registering a growth of 2.66% QoQ and 11.94% YoY to. Normalised EBITDA rose 2.79% QoQ and up 4.1% YoY to Rs 335.2 crore in Q4 FY24. Normalised EBITDA margin stood at 18% in Q4 FY24 from 17.9% in Q3 FY24 and 18.4% in Q4 FY23. The company?s Digital, Engineering, and Technology (DET) business delivered revenue at Rs 1,489 crore, recording de-growth of 0.1% QoQ and growth of 2.8% YoY. In constant currency terms, revenue was down by 0.5% QoQ and up 1.8% YoY. During the quarter, Cyient DET order intake grew by 7.1% YoY. Krishna Bodanapu, executive vice chairman and managing director, Cyient, said, ?For the year FY24, Cyient Group delivered US$863 million in revenue at a YoY growth of 15.6% in cc, EBIT of 14.5% with 173 bps expansion YoY, PAT of Rs 735 crore at YoY growth of 30%, and FCF of Rs 648 crore at YoY growth of 32.6%. Cyient?s Digital, Engineering and Technology (DET) delivered US$ 179.3 million at an EBIT of 16% for Q4 FY24. We closed 9 large deals with a total contract potential of ca. US$ 200 million this quarter, taking our order intake for the quarter to US$ 228 million. For FY24, Cyient DET delivered US$ 713.9 million at 12.6% YoY revenue growth in cc, 16.1% EBIT with 246 bps expansion YoY. PAT for the year was Rs 689 Crore, up 31.6% YoY while FCF for the year was Rs 754 Crore, a significant growth of 71.4% YoY. The full year order intake of US$ 902 million translates to 15% growth YoY with contributions from our key large units such as sustainability, transport and connectivity For FY25, our order book looks strong, and we will continue to focus and invest on strengthening our intelligent engineering and technology solutions across key industries and megatrends. We are also confident that our presence in key industry verticals through our balanced portfolio will help us deliver balanced outcomes in the evolving market and geo-political uncertainties.? Meanwhile, the company?s board recommended a final dividend of Rs 18 per equity share for the financial year 2023-24. Cyient is a consulting-led, industry-centric, global technology solutions company. It currently operates through eight strategic business units: aerospace & defense; transportation; industrial, energy, and natural resources; semiconductor, internet of things and analytics; medical and healthcare; utilities & geospatial; communications and design-led manufacturing (Cyient DLM). Shares of Cyient shed 0.27% to Rs 1,909.75 on the BSE.
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