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| As on Apr 25, 2024 12:00 AM |
Your results on : Hot Pursuit |
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Among the components of the S&P BSE Consumer Discretionary index, Indian Hotels Co Ltd (down 5.1%), Macrotech Developers Ltd (down 4.15%),KDDL Ltd (down 2.99%),Amara Raja Energy & Mobility Ltd (down 2.9%),Federal-Mogul Goetze (India) Ltd (down 2.83%), were the top losers. Among the other losers were Avenue Supermarts Ltd (down 2.57%), Whirlpool of India Ltd (down 2.04%), Sai Silks (Kalamandir) Ltd (down 1.95%), Landmark Cars Ltd (down 1.93%), and Shankara Building Products Ltd (down 1.9%). On the other hand, Faze Three Ltd (up 8.55%), Saint-Gobain Sekurit India Ltd (up 7.98%), and New Delhi Television Ltd (up 7.81%) moved up. At 13:42 IST, the S&P BSE Sensex was up 214.31 or 0.29% at 74067.25. The Nifty 50 index was up 58.6 points or 0.26% at 22461. The S&P BSE Small-Cap index was up 260.52 points or 0.56% at 47119.12. The S&P BSE 150 Midcap Index index was up 51.86 points or 0.37% at 13949.38. On BSE,2087 shares were trading in green, 1646 were trading in red and 132 were unchanged.
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Among the components of the S&P BSE Consumer Durables index, Whirlpool of India Ltd (up 2.04%), Dixon Technologies (India) Ltd (up 1.32%), Titan Company Ltd (up 1.19%), Crompton Greaves Consumer Electricals Ltd (up 0.9%), Havells India Ltd (up 0.63%), and V I P Industries Ltd (up 0.06%), were the top losers. On the other hand, Aditya Birla Fashion & Retail Ltd (up 2.08%), Rajesh Exports Ltd (up 0.8%), and Blue Star Ltd (up 0.79%) moved up. At 13:42 IST, the S&P BSE Sensex was up 214.31 or 0.29% at 74067.25. The Nifty 50 index was up 58.6 points or 0.26% at 22461. The S&P BSE Small-Cap index was up 260.52 points or 0.56% at 47119.12. The S&P BSE 150 Midcap Index index was up 51.86 points or 0.37% at 13949.38. On BSE,2087 shares were trading in green, 1646 were trading in red and 132 were unchanged.
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Among the components of the S&P BSE Realty Index index, Macrotech Developers Ltd (down 4.15%), Phoenix Mills Ltd (down 1.17%),Oberoi Realty Ltd (down 1.16%),DLF Ltd (down 0.98%),Mahindra Lifespace Developers Ltd (down 0.77%), were the top losers. Among the other losers were Prestige Estates Projects Ltd (down 0.75%), and Godrej Properties Ltd (down 0.31%). On the other hand, Brigade Enterprises Ltd (up 1.61%), Sobha Ltd (up 0.76%), and Swan Energy Ltd (up 0.31%) turned up. At 13:42 IST, the S&P BSE Sensex was up 214.31 or 0.29% at 74067.25. The Nifty 50 index was up 58.6 points or 0.26% at 22461. The S&P BSE Small-Cap index was up 260.52 points or 0.56% at 47119.12. The S&P BSE 150 Midcap Index index was up 51.86 points or 0.37% at 13949.38. On BSE,2087 shares were trading in green, 1646 were trading in red and 132 were unchanged.
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Revenue from operations increased by 36% YoY to Rs 489.96 crore during the quarter. Total expenses rose by 27% to Rs 406.81 crore in the fourth quarter as compared with the same period last year, due to higher raw material costs (up 63% YoY) and higher other expenses (up 9% YoY). Profit before tax in Q4 FY24 stood at Rs 80.72 crore, up by 92% from Rs 42.05 crore in Q4 FY24. For the financial year 2023-24, Kirloskar Pneumatic has recorded net profit and revenue of Rs 133.28 crore (up 23% YoY) and Rs 1,322.62 crore (up 7% YoY), respectively. Kirloskar Pneumatic Company has three divisions: air compressors, refrigeration and gas compressors, and transmission products. Manufacturing facilities of all divisions are integrated and are in and around Pune. End users include the oil and gas, steel, power, railways and defence sectors.
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| Revenue from operations grew by 24.58% year on year (YoY) to Rs 112.86 crore in the quarter ended 31 March 2024. Profit before tax in fourth quarter of FY24 slumped 60.39% to Rs 7.61 crore from Rs 19.21 crore recorded in corresponding quarter previous year. For Q4 FY24, EBITDA tumbled 52.53% to Rs 10.3 crore as against 21.70 crore reported in Q4 FY23. EBITDA margin dropped to 9% in Q4 FY24 from 24% in same quarter last year. On a full year basis, the company?s net profit increased by 24.95% to Rs 54.44 crore in FY24 over FY23. Revenue from operation rose 16.79% to Rs 394.57 crore in the financial year ended 31 March 2024. Narayan Gangadhar, CEO, commented: ?In Q4 FY24, at an industry level, we saw an addition of more than 1.2 crore demat accounts taking the total demat accounts in the country to 15.13 crore. During the same period, we acquired 2.67 lakh customers, reflecting a 15% growth QoQ (96% growth YoY), and with this our total customer base reached 42.3 lakhs. We are also happy to report that we have posted our highest quarterly revenue since inception in Q4FY24 of Rs 112.9 crore, up 13% QoQ (up 24% YoY). During the past quarter, our total average daily turnover grew to Rs 3.82 trillion (up 58% YoY), our average client funding book stood at Rs 358 crore, up 13% QoQ and the number of orders grew to 184 Mn (up 39% YoY). Our Q4FY24 profitability was impacted due to grant of ESOPs for acquiring and retaining top talent. We are in the growth phase of our business, and we continue to see a good momentum in our core metrics.? Meanwhile, the board approved issuance of secured or unsecured redeemable non‐convertible debentures, in one or more tranches on an annual basis through private placement basis, upto a limit of Rs 250 crore, subject to the approval of the members. 5Paisa Capital is engaged in stock broking and trading and so there were no activities in the nature of research and development involved in the business.
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However, revenue from operations jumped 23.44% year on year (YoY) to Rs 4,018.5 crore in the quarter ended 31 March 2024. The realtor reported pre-sales of Rs 4,230 crore in Q4 FY24, recording a growth of 40% on a YoY basis. Collections grew by 20% YoY at Rs 3,510 crore during the quarter. The company delivered robust pre-sales and collections on the back of strong operating cash flow generation coupled with the recently concluded QIP, net debt further reduced sharply to Rs 3,010 crore (0.17x of equity) for the firm ? well below its guided ceiling of 0.5x of equity, said the company. Profit before tax in Q4 FY24 was at Rs 878.5 crore, up 37.65% from Rs 638.2 crore posted in Q4 FY23. Total expenses spiked 21.83% YoY to Rs 3,204.7 crore during the quarter. Cost of projects stood at Rs 2,522.1 crore (up 21.76% YoY) and employee benefits expense came in at Rs 119.6 (up 15.56% YoY). Adjusted EBITDA jumped 36.73% to Rs 1,340 crore in the March quarter as against Rs 980 crore recorded in Q4 FY23. Adjusted EBITDA margin improved to 33% in Q4 FY24 as compared to 30% registered in the same period a year ago. For FY24, the real estate developer reported a consolidated net profit of Rs 1549.1 crore, steeply higher than Rs 486.7 crore reported in FY23. Revenue from operations grew 8.93% YoY to Rs 10316.1 crore in FY24. Abhishek Lodha, MD & CEO, Macrotech Developers, said, ?Driven by the strength of our brand, we delivered pre-sales of Rs 145 billion for FY24, thus meeting our guidance of delivering consistent and predictable 20% growth. Our Q4FY24 pre-sales stood at Rs 42.3 billion showing a strong 40% YoY growth. We have achieved our guidance of reducing our net debt well below 0.5x of equity. Robust operating cash flows and our capital raise led to net debt coming down by over Rs 40 billion during the year to Rs ~30 billion which is less than 0.2x of equity. The sharp reduction in net debt has happened along-side addition of new projects of over Rs 200 billion during the year. Our enhanced financial strength will provide us an opportunity to accelerate margin as well as top line growth as the capital is invested over the next 6-12 months. Meanwhile, the company?s board recommended a final dividend of Rs 2.25 for the financial year ended 31 March 2024. Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing.
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Of the total sum payable, an amount of Rs 635 crore would be paid upfront on closing and the balance of Rs 144 crore would be deferred, payable at the end of FY25 on achievement of set performance targets. PureSoftware with a global presence and headquarters in Noida is a fast-growing digital engineering & transformation services and solutions provider with deep domain expertise. PureSoftware partners with global enterprises across focused verticals which include banking & financial services and insurance (BFSI), healthcare & life sciences, retail & logistics, and gaming & entertainment. The company also has an award-winning banking-as-a-service platform ?Arttha?. PureSoftware reported revenues of $43 million (approximately Rs 351 crore) for fiscal 2024. Through this acquisition, Happiest Minds strengthens its domain capabilities in banking, financial services, insurance (BFSI) and healthcare and life sciences verticals. In addition to augmenting its presence in USA, UK and India, Happiest Minds will also get a near-shore presence in Mexico and offices in Singapore, Malaysia, and Africa. Joseph Anantharaju, executive vice chairman, Happiest Minds, said: ?PureSoftware brings with it strong capabilities in banking, insurance and healthcare domains; allowing us to add value and upsell to our customers. We are excited by the potential to cross-sell analytics, GenAI, automation, infrastructure management and cyber security services to PureSoftware customers and drive accelerated growth for Happiest Minds.? Happiest Minds Technologies, an IT solutions company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. The IT company's consolidated net profit rose 2% to Rs 59.62 crore in Q3 FY24 as against Rs 58.46 crore recorded in Q2 FY24. The scrip rose 0.51% to currently trade at Rs 822.70 on the BSE.
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Steel Authority of India Ltd rose for a fifth straight session today. The stock is quoting at Rs 165.1, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 22396.45. The Sensex is at 73852.17, down 0%. Steel Authority of India Ltd has added around 26.42% in last one month. Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has added around 11.6% in last one month and is currently quoting at 9140.1, down 0.35% on the day. The volume in the stock stood at 403.32 lakh shares today, compared to the daily average of 555.4 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 164.85, up 0.15% on the day. Steel Authority of India Ltd is up 103.33% in last one year as compared to a 25.73% gain in NIFTY and a 59.42% gain in the Nifty Metal index. The PE of the stock is 22.32 based on TTM earnings ending December 23.
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Apollo Tyres Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 487.3, up 0.15% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 22396.45. The Sensex is at 73852.17, down 0%. Apollo Tyres Ltd has risen around 3.36% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 4.4% in last one month and is currently quoting at 21896.9, up 0.3% on the day. The volume in the stock stood at 4.48 lakh shares today, compared to the daily average of 19.85 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 486.6, up 0.22% on the day. Apollo Tyres Ltd is up 45.53% in last one year as compared to a 25.73% spurt in NIFTY and a 69.3% spurt in the Nifty Auto index. The PE of the stock is 25.26 based on TTM earnings ending December 23.
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ICICI Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 1103.9, up 0.65% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 22396.45. The Sensex is at 73852.17, down 0%. ICICI Bank Ltd has gained around 1.86% in last one month. Meanwhile, Nifty Bank index of which ICICI Bank Ltd is a constituent, has gained around 3.49% in last one month and is currently quoting at 48189, up 0.08% on the day. The volume in the stock stood at 71.56 lakh shares today, compared to the daily average of 135.93 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1105.3, up 0.89% on the day. ICICI Bank Ltd is up 20.65% in last one year as compared to a 25.73% jump in NIFTY and a 12.6% jump in the Nifty Bank index. The PE of the stock is 19.6 based on TTM earnings ending December 23.
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State Bank of India gained for a fifth straight session today. The stock is quoting at Rs 791.45, up 2.37% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 22396.45. The Sensex is at 73852.17, down 0%. State Bank of India has risen around 6.95% in last one month. Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has risen around 3.49% in last one month and is currently quoting at 48189, up 0.08% on the day. The volume in the stock stood at 134.59 lakh shares today, compared to the daily average of 142.66 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 790.7, up 2.28% on the day. State Bank of India is up 39.75% in last one year as compared to a 25.73% spurt in NIFTY and a 12.6% spurt in the Nifty Bank index. The PE of the stock is 11.08 based on TTM earnings ending December 23.
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Axis Bank Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1123.8, up 5.69% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 22396.45. The Sensex is at 73852.17, down 0%. Axis Bank Ltd has risen around 8% in last one month. Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has risen around 3.49% in last one month and is currently quoting at 48189, up 0.08% on the day. The volume in the stock stood at 248.6 lakh shares today, compared to the daily average of 114.22 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1126.8, up 6.04% on the day. Axis Bank Ltd is up 26.6% in last one year as compared to a 25.73% spurt in NIFTY and a 12.6% spurt in the Nifty Bank index. The PE of the stock is 14.66 based on TTM earnings ending December 23.
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Material costs declined by 30.9% YoY to Rs 202.8 crore in the fourth quarter due to reversal of inventory provisions of Rs 20.3 crore that were created in prior quarters of FY24. This relates to reassessment of inventory provisioning classified as a change in accounting estimate. For Q4 FY24, staff costs added up to Rs 250.2 crore (down 1% YoY), other direct costs aggregated to Rs 24.6 crore (down 10.1% YoY) and other expenses amounted to Rs 112.4 crore (up 10% YoY). EBITDA fell by 1.2% to Rs 333 crore in Q4 FY24 from Rs 336.9 crore in Q4 FY23. EBITDA margin was 36% in Q4 FY24 as against 33% in Q4 FY23. Profit before tax in Q4 FY24 stood at Rs 209 crore, down by 9.5% from Rs 230.9 crore in Q4 FY23. For FY24, Syngene recorded net profit and revenues of Rs 510 crore (up 9.8% YoY) and 3,488.6 crore (up 9.3% YoY), respectively. Jonathan Hunt, managing director and chief executive officer, Syngene International, said, ?While the fourth quarter performance came in lower than expected, the underlying driver - reduced demand for research and development services within US biotech stemming from a difficult funding environment - is well understood and already showing positive signs of recovery. Despite the business environment, we delivered growth during the year. This resilience is the result of our broad operating span and the investments made to establish our development and manufacturing divisions with biologics, in particular, delivering a strong performance throughout the year. I?m encouraged by the recent step up in new funding into US biotech and expect this to drive a recovery in demand for research and development services translating into revenue growth in the latter part of the year. Looking ahead, we expect revenue growth in fiscal year 2025 to be in the range of high single digits to low double digits with momentum building up during the year. We expect the EBITDA margin to be similar to the level delivered in fiscal year 2024 and PAT growth in single digits.? Syngene International is an integrated research, development, and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors. The scrip shed 0.33% to currently trade at Rs 691.90 on the BSE.
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Pritish Nandy Communications Ltd, GPT Infraprojects Ltd, Vimta Labs Ltd and Active Clothing Co Ltd are among the other gainers in the BSE's 'B' group today, 25 April 2024. Raj Oil Mills Ltd surged 19.99% to Rs 75.38 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 4868 shares in the past one month. Pritish Nandy Communications Ltd soared 15.10% to Rs 66.99. The stock was the second biggest gainer in 'B' group. On the BSE, 24880 shares were traded on the counter so far as against the average daily volumes of 3602 shares in the past one month. GPT Infraprojects Ltd spiked 14.90% to Rs 215.95. The stock was the third biggest gainer in 'B' group. On the BSE, 76118 shares were traded on the counter so far as against the average daily volumes of 16922 shares in the past one month. Vimta Labs Ltd jumped 12.67% to Rs 574. The stock was the fourth biggest gainer in 'B' group. On the BSE, 34986 shares were traded on the counter so far as against the average daily volumes of 2143 shares in the past one month. Active Clothing Co Ltd spurt 12.29% to Rs 134.8. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2.94 lakh shares were traded on the counter so far as against the average daily volumes of 7836 shares in the past one month.
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| Revenue from operations increased 17.22% YoY to Rs 1,905.34 crore in Q4 FY24 as compared with Rs 1,625.43 crore in Q4 FY23. The said growth was led by a 19% growth in Room Revenue and 12% in Food & Beverage. Profit before tax jumped 33.67% YoY to Rs 534.69 crore in Q4 FY24. EBITDA stood at Rs 706 crore in Q4 FY24, registering the growth of 25% as compared with Rs 565 crore in Q4 FY23. EBITDA margin 36.2% in Q4 FY24 as against 34.1% in Q4 FY23. Enterprise revenue for the year stood at Rs 13,090 crore, a 19% growth over the previous year with a 80% share from the domestic business. Management fee income grew by 18% over the previous year at Rs 470 crore reflective of IHCL?s assetlight strategy. On FY24 basis, the company?s net profit jumped 25.58% to Rs 1,259.07 crore on 16.5% increase in revenue from operations Rs 6,768.75 crore in FY24 over FY23. Meanwhile, the company?s board has declared a dividend of Rs 1.75 per share. Puneet Chhatwal, managing director & CEO, IHCL, said, ?IHCL achieves its key goals under Ahvaan 2025 well ahead of time with a full year consolidated EBITDA margin of 33.7%, a portfolio of 300+ hotels and a cash position of INR 2,206 crores. Q4 FY24 marked eight consecutive quarters of record financial performance driven by double-digit revenue growth in same store hotels, incremental revenue from not like for like hotels and scaling of new businesses. With 53 signings in FY2024 IHCL achieved a portfolio of 310 hotels, enabled by attaining scale in each of our brands and forming strategic alliances in new market segments. Investing in our competitive advantage of optimising the balance between operating leverage and fee-based business, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling INR 3,500 crores towards key asset upgradation, building capabilities and select new projects. This includes strengthening of our digital capabilities with new brand website launches starting May 2024, implementation of a new ERP system and Data Lake for advanced analytics with AI/ML capabilities. Looking ahead at FY2025, IHCL will continue to deliver double digit revenue growth with new businesses at 30%, and opening of 25 hotels. IHCL will also introduce the re-imagined Gateway, a full-service hotel offering in the upscale segment, an ideal fit to capture growth opportunities in emerging micro markets in metros and Tier II and Tier III cities. The brand roll-out starting with 15 hotels will commence with launches in Bekal and Nashik this quarter followed by destinations like Bengaluru, Thane and Jaipur. The brand will scale to a 100 hotels portfolio by 2030.? Giridhar Sanjeevi, executive vice president and chief financial officer, IHCL said, ?The resilience of our business model over eight consecutive quarters is reflective of robust fundamentals of a diversified topline, a balanced portfolio, prudent capital allocation and a sharp focus on driving operating flow thorough. The buoyancy of domestic demand drove a 20% growth in IHCL?s standalone revenue at Rs 4,590 crore, EBITDA margin of 41.3% an expansion of 200 basis points leading to a record PAT of Rs 1,095 crore.? Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. The scrip fell 4.71% to Rs 579.60 on the BSE.
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| Income from operations grew by 10% year on year (YoY) to Rs 4,307 crore in the quarter ended 31 March 2024. Sales volume during the quarter rose 18.5% to 8.8 million tonne from 7.4 million tonne registered in the corresponding quarter previous year. Profit before tax in fourth quarter of FY24 dropped 52% to Rs 352 crore as compared to Rs 733 crore recorded in Q4 FY23. EBITDA declined 7.8% YoY to Rs 654 crore for the quarter. EBITDA margin reduced to 15.2% in Q4 FY24 as against 18.1% in Q4 FY23. On a full year basis, the company?s net profit decreased 20.9% to Rs 853 crore in FY24 over FY23. Revenue from operation rose 8.4% YoY to Rs 14,691 crore in the financial year ended 31 March 2024. Puneet Dalmia, managing director & CEO, said, ?Cement sector has a pivotal role in India's growth story and infrastructure, housing and private capex will drive the demand growth for the next decade and beyond. During FY24 we delivered a volume growth of 11.8% at 28.8Mnt and EBITDA growth of 13.4% at Rs 2,639 crore. We will continue to work on gaining market share and improving realizations while deepening the cost leadership.? Dharmender Tuteja, chief financial officer (CFO) of Dalmia Bharat said, ?We bounced back and delivered an industry-leading volume growth of 18.5% YoY during the quarter. However, unexpected drop in cement prices led to EBITDA erosion during the quarter with EBITDA margin declining from 18.1% in Q4 FY23 to 15.2% in current quarter. During the ensuing year, we will continue to focus on our levers of long-term cost savings including renewable energy, operationalizing our captive coal mines, digitization of supply chain and invest in our brand.? Meanwhile, the board recommended a final dividend of Rs 5 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders. Dalmia Bharat is the fourth-largest cement manufacturing company in India, with the current capacity pegged at 41.7 million tonne. The counter hit a 52-week low of Rs 1,766.75 in today?s intraday session.
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Jupiter Wagons Ltd, Vesuvius India Ltd, Godfrey Phillips India Ltd and Inox Wind Ltd are among the other gainers in the BSE's 'A' group today, 25 April 2024. Hitachi Energy India Ltd surged 14.66% to Rs 9417.75 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 11838 shares were traded on the counter so far as against the average daily volumes of 5068 shares in the past one month. Jupiter Wagons Ltd soared 10.19% to Rs 431.05. The stock was the second biggest gainer in 'A' group. On the BSE, 3.11 lakh shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one month. Vesuvius India Ltd spiked 7.73% to Rs 4274.95. The stock was the third biggest gainer in 'A' group. On the BSE, 2916 shares were traded on the counter so far as against the average daily volumes of 1798 shares in the past one month. Godfrey Phillips India Ltd jumped 7.29% to Rs 3355. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4477 shares were traded on the counter so far as against the average daily volumes of 5956 shares in the past one month. Inox Wind Ltd gained 6.97% to Rs 644.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 1.81 lakh shares in the past one month.
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| Revenue for the quarter was Rs 1,642 crore, up 12% YoY. Profit before tax increased 14.51% to Rs 785.24 crore in the quarter ended 31 March 2024 as compared with Rs 685.76 crore in the quarter ended 31 March 2023. The three months ended 31 March 2024, the Products business posted a revenue of Rs 1,491 crore, up 12% year-over-year, and operating income of Rs 718 crore, up 13% year-over-year. For the same period, the Services business posted a revenue of Rs 151 crore, up 13% year-over-year, and the operating income of Rs 44 crore, up 47% year-over-year. Meanwhile, the company?s board has declared an interim dividend of Rs 240 per equity share for FY24. Makarand Padalkar, managing director and chief executive officer, said, ?This was a result of our winning portfolio of products and services focused on the financial services industry. During the fiscal year 2024, we signed license fees of $137.3 million across our entire range of products registering 43.7% growth over license fee signings in fiscal year 2023. The robust growth of our cloud offering pipeline drove the strength of cloud bookings this fiscal year, and we expect to see continued strength in our cloud offering pipeline. With customer preference shifting toward cloud services, our revenue mix is shifting more toward recurring revenue services, including cloud services, and less for transactional revenue, including signed license fees which were $19.9 million for the quarter ended March 31, 2024.? Avadhut Ketkar, chief financial officer, Oracle Financial Services Software, said, ?For the quarter, our revenue increased by 12% and net income grew by 17% on year-over-year basis. We continued to deliver robust financial performance by offering industry leading products and services to the financial services industry. For the quarter ended March 31, 2024, our operating margin was 43% and net margin was 34%. For the year ended March 31, 2024, we posted operating margin of 42% and net margin of 35%.? Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle Corporation. The scrip fell 2.23% to Rs 7,184.40 on the BSE.
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Info Edge (India) Ltd, Jyothy Labs Ltd, MAS Financial Services Ltd, Vodafone Idea Ltd are among the other stocks to see a surge in volumes on BSE today, 25 April 2024. Kotak Mahindra Bank Ltd clocked volume of 16.39 lakh shares by 10:46 IST on BSE, a 7.42 times surge over two-week average daily volume of 2.21 lakh shares. The stock lost 10.11% to Rs.1,656.75. Volumes stood at 1.43 lakh shares in the last session. Info Edge (India) Ltd notched up volume of 55892 shares by 10:46 IST on BSE, a 5.58 fold spurt over two-week average daily volume of 10018 shares. The stock rose 0.13% to Rs.5,885.75. Volumes stood at 45023 shares in the last session. Jyothy Labs Ltd witnessed volume of 1.09 lakh shares by 10:46 IST on BSE, a 5.51 times surge over two-week average daily volume of 19780 shares. The stock increased 2.85% to Rs.434.60. Volumes stood at 18736 shares in the last session. MAS Financial Services Ltd witnessed volume of 65303 shares by 10:46 IST on BSE, a 5.21 times surge over two-week average daily volume of 12528 shares. The stock increased 5.97% to Rs.316.00. Volumes stood at 27673 shares in the last session. Vodafone Idea Ltd notched up volume of 10553.36 lakh shares by 10:46 IST on BSE, a 5.18 fold spurt over two-week average daily volume of 2,036.11 lakh shares. The stock rose 2.14% to Rs.13.37. Volumes stood at 3161.73 lakh shares in the last session.
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The said facility is operated by Jubilant Draximage Inc., a subsidiary of Jubilant Pharma (JPL), which is a wholly-owned subsidiary of Jubilant Pharmova. JPL is an ntegrated global pharmaceutical company engaged in manufacturing and supply of Radiopharmaceuticals with a network of 46 radio-pharmacies in the US; allergy immunotherapy, contract manufacturing of sterile injectables and non-sterile products and solid dosage formulations through five manufacturing facilities that cater to all the regulated market including USA, Europe and other geographies. The USFDA has issued 5 observations pursuant to the completion of audit. The company will submit an action plan on the observations, Jubilant Pharmova said in a statement. Jubilant Pharmova is engaged in radiopharma, allergy immunotherapy, CDMO of sterile injectable, generics, contract research development and manufacturing (CRDMO) and proprietary novel drugs businesses. The pharmaco has reported a net profit of Rs 66 crore in Q3 FY24 as against a net loss of Rs 16 crore in Q3 FY23. Total income increased by 10% YoY to Rs 1,713 crore during the period under review. The scrip rose 0.25% to currently trade at Rs 684.25 on the BSE.
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