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| As on Apr 26, 2024 12:00 AM |
Your results on : Hot Pursuit |
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| Revenue from operations (excluding excise duty) jumped 43.27% to Rs 381.59 crore in Q4 FY24 as compared with Rs 266.34 crore posted in same quarter last year. Profit before tax surged 78.04% to Rs 36.16 crore in the quarter as compared with Rs 20.31 crore posted in Q4 FY23. Total expenses were at Rs 706.19 crore in the fourth quarter of FY24, up 52.68% on YoY basis. Cost of materials consumed was at Rs 273.85 crore (up 73.06% YoY) and employee benefits expense came in at Rs 10.65 crore (up 38.85% YoY) during the period under review. Som Distilleries and Breweries is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and Indian Made Foreign Liquor (IMFL). It also supplies draught beer from its plants.
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Among the components of the S&P BSE Consumer Durables index, Aditya Birla Fashion & Retail Ltd (up 3.64%), Havells India Ltd (up 3.49%),Dixon Technologies (India) Ltd (up 3.39%),Whirlpool of India Ltd (up 1.18%),Voltas Ltd (up 0.83%), were the top gainers. Among the other gainers were Crompton Greaves Consumer Electricals Ltd (up 0.81%), Rajesh Exports Ltd (up 0.25%), and Titan Company Ltd (up 0.02%). On the other hand, V I P Industries Ltd (down 0.46%), and Blue Star Ltd (down 0.14%) turned lower. At 09:42 IST, the S&P BSE Sensex was up 100.8 or 0.14% at 74440.24. The Nifty 50 index was up 34.9 points or 0.15% at 22605.25. The S&P BSE Small-Cap index was up 245.91 points or 0.52% at 47358.69. The S&P BSE 150 Midcap Index index was up 88.18 points or 0.63% at 14065.48. On BSE,1987 shares were trading in green, 883 were trading in red and 94 were unchanged.
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Among the components of the S&P BSE Metal index, Steel Authority of India Ltd (up 2.7%), Vedanta Ltd (up 2.69%),Hindalco Industries Ltd (up 1.47%),NMDC Ltd (up 1.07%),Tata Steel Ltd (up 1.01%), were the top gainers. Among the other gainers were JSW Steel Ltd (up 0.13%), and Coal India Ltd (up 0.07%). On the other hand, Jindal Stainless Ltd (down 1.49%), APL Apollo Tubes Ltd (down 0.47%), and Jindal Steel & Power Ltd (down 0.42%) turned lower. At 09:42 IST, the S&P BSE Sensex was up 100.8 or 0.14% at 74440.24. The Nifty 50 index was up 34.9 points or 0.15% at 22605.25. The S&P BSE Small-Cap index was up 245.91 points or 0.52% at 47358.69. The S&P BSE 150 Midcap Index index was up 88.18 points or 0.63% at 14065.48. On BSE,1987 shares were trading in green, 883 were trading in red and 94 were unchanged.
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Among the components of the S&P BSE IT Sector index, Tech Mahindra Ltd (up 12.42%), Zensar Technologies Ltd (up 7.62%),Magellanic Cloud Ltd (up 5%),Mphasis Ltd (up 3.86%),Cigniti Technologies Ltd (up 3.67%), were the top gainers. Among the other gainers were Moschip Technologies Ltd (up 3.65%), Birlasoft Ltd (up 3.6%), Newgen Software Technologies Ltd (up 3.4%), LTIMindtree Ltd (up 3.36%), and Quick Heal Technologies Ltd (up 3%). On the other hand, L&T Technology Services Ltd (down 7.58%), eMudhra Ltd (down 4.1%), and Tanla Platforms Ltd (down 2.72%) moved lower. At 09:42 IST, the S&P BSE Sensex was up 100.8 or 0.14% at 74440.24. The Nifty 50 index was up 34.9 points or 0.15% at 22605.25. The S&P BSE Small-Cap index was up 245.91 points or 0.52% at 47358.69. The S&P BSE 150 Midcap Index index was up 88.18 points or 0.63% at 14065.48. On BSE,1987 shares were trading in green, 883 were trading in red and 94 were unchanged.
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Total operating expenditure for the period under review added up to Rs 1,514 crore, up 9.8% YoY. This was primarily on account of higher raw material costs (up 8.7% YoY), higher other expenses (up 9.8% YoY) and higher employee costs (up 6.9% YoY). The company recorded 17.5% YoY rise in interest costs and 6.1% YoY increase in depreciation charges in Q4 FY24. Profit before tax in Q4 FY24 stood at Rs 305.64 crore, up by 3.9% from Rs 294.12 crore in Q4 FY23. For FY24, Schaeffler has recorded net profit and revenues of Rs 912.50 crore (up 5.1% YoY) and Rs 7,226.13 crore (up 5.2% YoY), respectively. Harsha Kadam, managing director, said: ?Year 2024 started well for us as we registered a strong YoY growth in our domestic business. Margins for the quarter remained resilient despite seasonality in some of our sectors. With a good rebound in our intercompany exports for the quarter, we remain cautiously optimistic of the challenging and volatile macro economic environment.? Schaeffler is among the largest industrial and automotive supplier with 3 well known product brands (LuK, INA and FAG), 4 manufacturing plants and 8 sales offices. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. The scrip fell 1.25% to currently trade at Rs 3232.25 on the BSE.
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NCC Ltd gained 1.56% today to trade at Rs 250.6. The S&P BSE India Infrastructure index is up 0.53% to quote at 598.33. The index is up 6.74 % over last one month. Among the other constituents of the index, Oil India Ltd increased 1.39% and GMR Airports Infrastructure Ltd added 1.32% on the day. The S&P BSE India Infrastructure index went up 102.19 % over last one year compared to the 22.85% surge in benchmark SENSEX. NCC Ltd has added 4.05% over last one month compared to 6.74% gain in S&P BSE India Infrastructure index and 2.07% rise in the SENSEX. On the BSE, 8362 shares were traded in the counter so far compared with average daily volumes of 4.58 lakh shares in the past one month. The stock hit a record high of Rs 277.9 on 05 Apr 2024. The stock hit a 52-week low of Rs 99.55 on 24 May 2023.
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| Koppu Sadashiv Murthy, (CMD) with additional charge of Director (Finance) has been appointed as CFO in place of Jai Prakash Srivastava, Director (E, R&D). Murthy is an Electrical Engineering graduate from Bhopal University with an MBA in Finance. During 34 years of years of wide-ranging experience in corporate office and in various manufacturing units of BHEL such as Hyderabad, Bhopal, Jhansi, and Varanasi, Murthy developed a comprehensive set of competencies in strategic, operational, project & commercial management, project finance & control, capital & revenue budgeting and receivables management. He is also having the expertise knowledge in the area of Financial systems & procedures to put in place financial frameworks together with an in-depth knowledge of corporate financial law, risk management practices, data analysis, forecasting methods and ability to strategize and solve problems efficiently. State-run Bharat Heavy Electricals (BHEL) is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 31 March 2024, the Government of India held 63.17% stake in the company. The company posted a standalone net loss of Rs 163 crore in Q3 FY24 as against a net profit of Rs 31 crore in Q3 FY23. The public sector undertaking?s income from operations rose by 7% YoY to Rs 5,273 crore in the third quarter. The scrip rallied 2.90% to end at Rs 271.60 on Thursday, 25 April 2024.
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The bank?s financial results include the financial results of its wholly owned subsidiary, Bharat Financial Inclusion (BFIL), a business correspondent (BC) of the bank involved in originating small ticket MFI loans for the bank and IndusInd Marketing and Financial Services (IMFS), an associate of the bank. IndusInd Bank's consolidated net profit grew 14.96% to Rs 2,349.15 crore in the quarter ended 31 March 2024 as compared to Rs 2,043.44 core posted in Q4 FY23. Consolidated total income climbed by 20.8% year on year (YoY) to Rs 14,706.66 crore during the period under review. Net interest income (NII) improved to Rs 5,376 crore in Q4 FY24 (up 15% YoY and up 2% QoQ). Net interest margin (NIM) for Q4 FY24 stood at 4.26% against 4.28% for Q4 FY23 and 4.29% for Q3 FY24. The bank's pre provision operating profit (PPOP) stood at Rs 4,082 crore for the March quarter, up 9% from Rs 3,758 crore reported in Q4 FY23. PPOP/average advances ratio for the quarter ended 31 March 2024 came in at 5.10%. Operating expenses during the quarter was at Rs 3,803 crore, registering a growth of 24% YoY. On asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 6,693.38 crore as on 31 March 2024 as against Rs 6,377.05 crore as on 31 December 2023 and Rs 5,826.27 crore as on 31 March 2023. The gross NPA were at 1.92% of gross advances as on 31 March 2024 as against 1.98% as on 31 March 2023. The net NPA stood at 0.57% of net advances as on 31 March 2024 as compared to 0.59% as on 31 March 2023. The provision coverage ratio was consistent at 71% as at 31 March 2024. Provisions and contingencies for the quarter ended 31 March 2024 were Rs 3,885 crore as compared to Rs 4,487 crore for the corresponding quarter of previous year, reduced by 13% YoY. Total loan related provisions as on 31 March 2024 were at Rs 7,210 crore (2.1% of loan book). Deposits as on 31 March 2024 were Rs 3,84,586 crore as against Rs 3,36,120 crore, an increase of 14% YoY. CASA deposits increased to Rs 1,45,666 crore with current account deposits at Rs 46,989 crore and savings account deposits at Rs 98,676 crore. CASA deposits comprised 38% of total deposits as at 31 March 2024. Advances as of March 2024 were Rs 3,43,298 crore as against Rs 2,89,924 crore, an increase of 18% over March 2023. The bank?s total capital adequacy ratio as per Basel III guidelines stands at 17.23% as on 31 March 2024, as compared to 17.86% as on 31 March 2023. Tier 1 CRAR was at 15.82% as on 31 March 2024 compared to 16.37% as on 31 March 2023. Risk-weighted assets were at Rs 3,83,660 crore as against Rs 3,37,036 crore a year ago. On full year basis, the company?s consolidated net profit jumped 20.61% to Rs 8,977.30 crore on 23.81% increase in total income to Rs 55,143.98 crore in FY24 over FY23. Sumant Kathpalia, managing director & CEO, IndusInd Bank said, ?IndusInd Bank completed yet another year with robust financial performance. Financial year 2023-24 saw a healthy loan growth of 18% supported by a deposit growth of 14%. The asset quality remains healthy with stable NNPAs of 0.57%. The bank delivered annual profit of Rs 8,977 crore for the year growing 21% YoY. As the Indian economy continues to be a bright spot amongst major economies, I am confident that the bank should continue to progress on its journey of growth, granularity and governance.? Meanwhile, the bank?s board has recommended a dividend of Rs 16.50 per equity share for FY24. IndusInd Bank caters to both consumer and corporate customers. As of 31 March 2024, the Bank?s distribution network included 2,984 branches/ Banking outlets and 2,956 onsite and offsite ATMs, as against 2,606 branches/ banking outlets and 2,878 onsite and offsite ATMs as of 31 March 2023. The client base stood at approximately 39 million as on 31 March 2024. The scrip rose 1.46% to settle at Rs 1,496.15 on the BSE.
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On a year on year (YoY) basis, Tech Mahindra's net profit dropped 40.86% while revenue fell 6.17% in Q4 FY24. EBITDA stood at Rs 1,407.8 crore in the quarter ended 31 March 2024, up 22.8% QoQ and down 30.3% YoY. EBITDA margin was at 10.9% in Q4 FY24 as compared to 8.8% in Q3 FY24 and 14.7% in Q4 FY23. In terms of dollars (USD), revenue stood at $1,548.2 million in Q4 FY24, registering a de-growth of 1.6% QoQ and 7.2% YoY. In constant currency terms, revenue declined by 0.8% QoQ and down 6.4% YoY. Profit after tax was at $79.7 million, up 29.5% QoQ and down 41.5% YoY. Free cash flow was at $129 million in the March quarter. During the quarter, EBITDA was at $169.2 million, up 22.9% QoQ and down 31.1% YoY. EBITDA margin came in at 10.9% in Q4 FY24, up 220 bps QoQ. The IT firm secured net new deals worth $500 million in Q4 FY24 as against $381 million in Q3 FY24 and $592 million reported in Q4 FY23. Total headcount was at 145,455, registering a decline of 1% QoQ and 4.6% YoY. The last twelve month (LTM) IT attrition rate was constant at 10% in Q4 FY24 as compared to Q3 FY24, while in Q4 FY23 attrition rate was 15%. On full year basis, the company?s consolidated net profit tumbled 51.2% to Rs 2357.8 crore on 2.43% decline in revenue to Rs 51,995.5 crore in FY24 over FY23. Cash and cash equivalent was at Rs 7,911.5 crore as of 31 March 2024, compared with Rs 7,012.3 crore as of 31 December 2023 and Rs 7,435.1 crore as of 31 March 2023. Rohit Anand, CFO of Tech Mahindra said, ?With another quarter of robust cash generation, we have reported improvement in deal wins and operating margins in Q4FY'24, which has enabled consistent dividend distribution. We are confident that our actions will lead to steady earnings growth in the coming years. We will continue to focus on operational excellence and cost savings to deliver superior shareholder returns.? Meanwhile, the company?s board has recommended a final dividend of Rs 28 per equity share for FY24. The dividend, if approved, will be paid on or before, 9 August 2024. Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. Shares of Tech Mahindra added 0.34% to end at Rs 1,190.10 on the BSE.
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| Revenue from operations increased 4.26% to Rs 1,439.67 crore in Q4 FY24 as compared with Rs 1380.90 crore posted in corresponding quarter last year. The said growth was driven by continued strength in FDF and good sequential recovery across CDMO, API business. Profit before tax fell 27.1% YoY to Rs 107.27 crore in Q4 FY24. EBITDA fell 10% to Rs 259 crore in Q4 FY24 from Rs 287 crore posted in Q4 FY23.EBITDA margin reduced by 280 bps to 18% in Q4 FY24 as against 20.8% in Q4 FY23. Research and development (R&D) spends reported at Rs 69 crore and around 4.8% of revenues; Higher spends over last year partly due to additional spend towards CGT space. The pharma company?s formulation business grew 9% to Rs 430 crore in the quarter ended 31 March 2024 as compared with Rs 393 crore in the quarter ended 31 March 2023. Income from API business jumped 4% YoY to Rs 745 crore, supported from growth across franchise despite continuing pricing pressure in other APIs segment. As on 31 March 2024, the company has filed 342 patents out of that 228 patents granted. Cumulative DMFs filings stood at 83. In Q4 FY24, CDMO-Synthesis business reported revenue of Rs 236 crore, up 4% YoY. Bio-transformation & Continuous Flow platform witnessed strong customer interest driven by rising complexity, faster time to market further fueled by increasing sustainability pressure. Revenue from Laurus Bio division tumbled 37% YoY to Rs 29 crore, mainly transitionary in nature due to customer order cyclicality. Meanwhile, the company?s board has declared a dividend of Rs 0.40 per share of face value of Rs 2 each for financial year 2023-2024. It has fixed 8 May 2024 as record date for determining the eligibility of the shareholders. The dividend amount will be paid on or after 17 May 2024. Satyanarayana Chava , founder and chief executive officer, said, ?Laurus core results reflects continued resilience across our business divisions despite discontinuation of Covid related products purchase orders. We delivered underlying revenue growth of 9% driven by strong performance in FDF, CDMO, Onco API and Bio division. In the CDMO space, we are delivering on multiple RFPs involving higher chemical complexity and scale with increased customer engagement focusing on several sustainable technology platforms. Our on-going innovative CGT investment continue to report significant updates for the period under review, especially successful NexCAR19 commercial launch in India to treat cancers We are entering FY25 with solid foundation and remain committed to grow by focusing on R&D led commercial excellence. We are prioritizing efforts to improve margin, particularly increasing asset utilization across network and delivering late phase commercial opportunity.? V.V. Ravi Kumar, executive director & chief financial officer, said, ?Overall FY24 reported operating result was challenging driven by selling price decline in ARV products, absence of large PO, and continued OPEX on growth projects/new initiatives. We achieved Rs 5,041 crore in revenues, representing 17% decline. Excluding the large PO the underlying growth was 9% over last year. Gross margin was 51.7% and EBITDA at Rs 798 crore resulting in 15.8% margin. The EBIDTA margin for the Q4FY24 is at 18.0% and reflecting sequential improvement. Despite operational challenges, our committed capacity built-up is on track and continuing our focus on productivity improvement. Going ahead, we are fully focusing on gradually returning to growth, prioritising investments in high value segments, improving Net debt leverage while defining our strategic roadmap to ensure long-term profitable and sustainable growth.? Laurus Labs is a fully integrated pharmaceutical and biotechnology company, with a leadership position in generic active pharmaceutical ingredients (APIs) and a major focus on anti-retroviral, oncology drugs, cardiovascular, gastro and hepatitis C therapeutics. The company also develops and manufactures oral solid formulations, provide contract research and manufacturing services (CRAMS) to global pharma companies.
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| Revenue from operations grew by 12.9% year on year (YoY) to Rs 5,408.72 crore in the quarter ended 31 March 2024. Clinker & cement sales volume increased by 23.5% YoY at 10.4 million tonne during the March 2024 quarter. Ready mix concrete registered a decline of 7.04% YoY in volume to 0.66 million cubic meters, during the period under review. Profit before tax in fourth quarter of FY24 soared 167.10% to Rs 885.04 crore from Rs 331.35 crore recorded in corresponding quarter previous year. In Q4 FY24, operating EBITDA increased 78.46% to Rs 837 crore from Rs 469 crore posted in same quarter last year while EBITDA margin improved to 15.5% from 9.8% posted in Q4 FY23. On outlook front, the cement maker said that cement industry remains positive based on higher budgetary allocation to infrastructure and construction and government?s push for affordable housing along with green energy transition, demand-supply dynamics, and greater consolidation. Adani Cement will have the advantage of accelerated growth, lower cost, group synergies which in turn will help to sustainable performance & market leadership. On a full year basis, the company?s net profit soared by 163.98% to Rs 2,336.37 crore in FY24 over FY23. However, revenue from operation declined 10.14% YoY to Rs 19,958.92 crore in the financial year ended 31 March 2024. Ajay Kapur, whole time director & CEO, said, ?We continue to solidify our position as a frontrunner in the cement industry. Our financial performance with jump in EBITDA by 138% during the year is a testament to the flexibility and strong foundation of our business model. The trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power etc. has furthered our success, as we emerge even stronger than before. With passing time ACC is getting younger and stronger with the expansion and performance efficiency plans.? Cash & cash equivalent stood at Rs 4,667 crore and consolidated net worth improved by Rs 2,191 crore to reach Rs 16,333 crore as on 31 March 2024. Meanwhile, the board has recommended a dividend of Rs 7.50 per equity share for the financial year 2023-24, subject to approval of shareholders. The company has fixed 14 June 2024 as ?record date? for the said dividend and it shall be paid on or after 1 July 2024. ACC is a part of Adani Cement and one of India's leading producers of cement and ready-mix concrete. ACC has 16 cement manufacturing sites, over 85 concrete plants and a nationwide network of channel partners to serve its customers. The scrip settled 0.85% higher at Rs 2,579.70 on the BSE.
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The miner reported revenue of Rs 34,937 crore in March 2024 quarter, registering a de-growth of 6.15% YoY. EBITDA de-grew 4% YoY to Rs 8,969 crore while EBITDA margin in Q4 FY24 improved to 30% as against 29% posted in Q4 FY23. Depreciation & amortisation for Q4 FY24 declined by 1% YoY to Rs 2,743 crore, mainly in oil and gas partially offset by increased ore production at Zinc India. Investment Income for fourth quarter of FY24 slipped by 43% to Rs 543 crore as compared to Rs 958 crore posted in Q4 FY23. The company's gross debt stood at Rs 71,759 crore while net debt was Rs 56,338 crore on 31 March 2024. Cash and cash equivalents position remained healthy at Rs 15,421 crore. The company follows a board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, and fixed deposits with banks. For financial year 2024, the diversified metals company reported 59.91% decline in consolidated net profit to Rs 4,239 crore on 2.48% fall in revenue from operations to 1,41,793 crore over FY23. Arun Misra, executive director of Vedanta, said ?FY 2023-24 has been a remarkable year for Vedanta. We have achieved record production across our key businesses, a testament to our consistent focus on operational excellence. This focus, coupled with our commitment to cost leadership, ensured strong margins even during a challenging commodity market. HZL is now the world's 3rd largest silver producer. This focus is further strengthened by securing 1,826 MW of renewable power through PDAs, with the first power delivery scheduled for Q1 FY25. As we move forward, operational excellence, continued growth, and ESG leadership remains our strategic priorities.? Ajay Goel, chief financial officer (CFO) of Vedanta, said ?Driven by operational excellence, Vedanta achieved outstanding financial results, marking the second highest annual revenue and EBITDA in our history, reaching Rs 1,41,793 crore and Rs 36,455 crore respectively. Through continued cost optimization, we achieved a remarkable EBITDA margin of 30% in FY24 with 240 basis points annual margin expansion, underscoring our efficiency and agility. Moreover, our net debt/EBITDA ratio improved to 1.5x from 1.7x in December 2023. At Holdco, we deleveraged by $1.6bn in FY24 & through successful liabilities management, Vedanta has a balanced capital structure, and will remain committed towards value creation.? Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. The scrip closed 0.64% lower at Rs 380.80 on the BSE.
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| The bonus issue is subject to the approval of shareholders and other statutory/ regulatory approvals, consents, permissions, conditions and sanctions, as may be necessary. The bonus shares will be issued out of securities premium account of the company. As on 31 March 2023, aggregate amount of free reserves and securities premium account available for capitalization is Rs 1995.18 crore. Inox Wind is a wind energy solutions provider in India, catering to IPPs, Utilities, PSUs, and Corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. On a consolidated basis, Inox Wind reported consolidated net profit to Rs 1.07 crore in Q3 FY24 as against net loss of Rs 287.22 crore in Q3 FY23. Net sales jumped 122.6% YoY to Rs 503.45 crore in Q4 FY24. The scrip hit all time high of Rs 658.50 in today?s intraday session.
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| Revenue from operations fell 13.64% YoY to Rs 536.59 crore in Q4 FY24. Profit before tax declined 34.39% to Rs 129.67 crore in the quarter ended 31 March 2024 as compared with Rs 197.63 crore in the quarter ended 31 March 2023. EBITDA stood at Rs 144.6 crore in Q4 FY24, registering the de-growth of 30.91% as compared with Rs 209.3 crore posted in corresponding quarter last year. In Q4 FY24, EBITDA margin reduced to 26.9% as against 33.7% in Q4 FY23. During the quarter, Generic API Business fell 8.6% YoY to Rs 484.6 crore was impacted due to the Red Sea Crisis in external business and de-growth in GPL?s business. CDMO business declined 37.7% to Rs 35.4 crore in Q4 FY24 as compared with Rs 56.8 crore in Q4 FY23. Revenue from GPL business in Q4 FY24 dropped by 27.8% to Rs 166.7 crore as compared with Rs 230.9 crore in Q4 FY23. GPL business contributes 31% of the total revenue from operations. External business saw de-growth of 5.2% YoY on account of delay of shipments due to Red Sea crisis. Regulated market witnessed 83% growth was driven by YoY growth in Europe and LATAM. On Financial year 2024 basis, the company reported net profit marginally higher to Rs 470.9 crore in FY24 as compared with Rs 467 crore in FY23. Revenue from operations increased 5.6% YoY to Rs 2,283.2 crore in FY24. During FY24, company generated strong free cash flow of Rs 284.5 crore leading to cash and cash equivalents of Rs 301.4 crore as of 31 March 2024. Yasir Rawjee, MD & CEO, Glenmark Life Sciences, said, ?FY24 was a milestone year for Glenmark Life Sciences, marked by the successful acquisition by Nirma. With Nirma's commitment and strategic vision, we are poised for accelerated growth and market positioning. We concluded the financial year on a positive note with revenue growth of 5.6% on full year basis, driven by regulated markets in external business. Our commitment to high-quality, innovative solutions and scalability will fuel sustainable long-term growth. These, coupled with a strong order book and demand visibility will ensure steady growth in FY25 and beyond.? Tushar Mistry, CFO, Glenmark Life Sciences, said, ?Despite global uncertainties and our integration efforts with Nirma, we achieved a revenue growth of 5.6% in FY24. Our annualized margins continue to be in the range of around 30% despite one-time costs such as bonuses and transaction expenses. Our strong free cash flow generation in FY24 has bolstered our financial standing, enabling continued growth while maintaining a debt-free balance sheet.? In Q4FY24, 6 new products were added to the development grid, of which 4 products are High potent API (HP API) / Oncology class of drugs and 2 are synthetic small molecules. According to IQVIA MAT December 2023, the HP API portfolio now extends to 17 products with an addressable market of $37 billion. 3 products are validated, and 4 products are in advanced stage of development. Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals, is a developer and manufacturer of select high-value, non-commoditised active pharmaceutical ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management, and diabetes.
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Dalmia Bharat Ltd, Bharat Bijlee Ltd, Indian Hotels Co Ltd and Aster DM Healthcare Ltd are among the other losers in the BSE's 'A' group today, 25 April 2024. Kotak Mahindra Bank Ltd lost 11.25% to Rs 1635.7 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 23.71 lakh shares were traded on the counter so far as against the average daily volumes of 1.97 lakh shares in the past one month. Dalmia Bharat Ltd tumbled 8.13% to Rs 1800. The stock was the second biggest loser in 'A' group.On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 12639 shares in the past one month. Bharat Bijlee Ltd crashed 5.78% to Rs 3126.5. The stock was the third biggest loser in 'A' group.On the BSE, 4800 shares were traded on the counter so far as against the average daily volumes of 3303 shares in the past one month. Indian Hotels Co Ltd corrected 5.10% to Rs 577.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.93 lakh shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month. Aster DM Healthcare Ltd shed 3.80% to Rs 368.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 99661 shares were traded on the counter so far as against the average daily volumes of 31.61 lakh shares in the past one month.
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| H G Solar Projects, a wholly owned subsidiary of H G Infra Engineering, has incorporated three wholly owned subsidiaries namely, H G Jodhpur Solar Energy, H G Solar Project Developer and H G Green Hydrogen Power. All three subsidiaries were incorporated on 24 April 2024, under the Companies Act, 2013, and are registered in the State of Rajasthan. Their primary focus will be on the development of solar power projects. H G Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES). The company?s consolidated net profit decreased 22.03% to Rs 102.05 crore despite of 15.15% increase in revenue from operations to Rs 1,364.53 crore in Q3 FY24 over Q3 FY23.
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Moschip Technologies Ltd, Weizmann Ltd, 5Paisa Capital Ltd and Archidply Decor Ltd are among the other losers in the BSE's 'B' group today, 25 April 2024. Avantel Ltd tumbled 14.25% to Rs 109.5 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 28.5 lakh shares were traded on the counter so far as against the average daily volumes of 7.65 lakh shares in the past one month. Moschip Technologies Ltd crashed 7.12% to Rs 156.2. The stock was the second biggest loser in 'B' group.On the BSE, 42.95 lakh shares were traded on the counter so far as against the average daily volumes of 31.42 lakh shares in the past one month. Weizmann Ltd lost 6.36% to Rs 133.25. The stock was the third biggest loser in 'B' group.On the BSE, 22203 shares were traded on the counter so far as against the average daily volumes of 21609 shares in the past one month. 5Paisa Capital Ltd fell 6.26% to Rs 538.75. The stock was the fourth biggest loser in 'B' group.On the BSE, 48018 shares were traded on the counter so far as against the average daily volumes of 22410 shares in the past one month. Archidply Decor Ltd pared 5.00% to Rs 83. The stock was the fifth biggest loser in 'B' group.On the BSE, 1079 shares were traded on the counter so far as against the average daily volumes of 6916 shares in the past one month.
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| Revenue from operations grew by 15.41% year on year (YoY) to Rs 323.29 crore in the quarter ended 31 March 2024. Pre-tax loss for fourth quarter of FY24 increased to Rs 309.34 crore from Rs 277.07 crore recorded in corresponding quarter previous year. EBITDA grew 8.19% to Rs 142.45 crore during the quarter as against Rs 131.67 crore posted in Q4 FY23. On a full year basis, the company?s net loss increased to Rs 1,228.44 crore in FY24 as against Rs 1,144.72 crore posted in FY23. Revenue from operations rose 7.72% to Rs 1,191.65 crore in the financial year ended 31 March 2024. Tata Teleservices (Maharashtra) is a leading player in the connectivity and communication solutions market for SMEs. With services ranging from Connectivity, Collaboration, Cloud & SaaS, Security, and Marketing solutions, we offer a comprehensive portfolio of Information and Communication Technology (ICT) solutions for businesses in India under the brand name Tata Tele Business Services (TTBS).
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| Net interest income (NII) stood at Rs 1,337 crore in Q4 FY24, up 10%. Net interest margin (NIM) stood at 5.1% in Q4 FY24. Pre-provisioning profit in Q4 FY24 was at Rs 571 crore, registering a growth of 16%YoY. Provisions soared 387.06% YoY to Rs 158.93 crore in Q3 FY24. The bank's total deposits increased 26% YoY to Rs 87,182 crore. CASA deposits increased by 9% YoY to Rs 29,126 crore compared to Rs 26,660 crore in Q4 FY23; CASA ratio was at 33% and CASA and Retail deposits stood at 64%. In Q4 FY24, gross advances increased by 25% YoY to Rs 73,999 crore. Of the total advances, Vehicle Loan contributes 30% and Micro Business Loans (MBL), Home Loan as well as Commercial Banking Loans contribute 28%, 8% and 25% respectively. Cost of funds stood at 7% in Q4 FY24 as against 6.3% in Q4 FY23. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 1,237.40.crore as on 31 March 2024 as against Rs 981.31 crore as on 31 March 2023. The ratio of gross NPAs to gross advances was at 1.67% as on 31 March 2024 as compared to 1.66% as on 31 March 2023. The ratio of net NPA to net advances stood at 0.55% as on 31 March 2024 as against 0.42% as on 31 March 2023. Provisioning coverage ratio (PCR) remained stable at 76%. Bank is carrying provisions of Rs 111 crore towards standard restructured book and floating provisioning Post receiving RBI approval on March 4, 2024, the merger of Fincare SFB with and into AU SFB became effective from April 1, 2024, and Some key numbers on a proforma merged basis as on 31st March 2024, Deposits of profoma merged stood at Rs 97,704 crore Gross loan portfolio was Rs 96,460 crore and cost of fund on merged basis stood at 7.1%. Meanwhile, the company?s board has declared a dividend of Rs 1 per share out of net profit for the financial year ended March 31, 2024. Sanjay Agarwal, Founder, MD & CEO, of AU Small Finance Bank, said, ?Our performance in the current quarter has remained absolutely on track with deposit growth outpacing advances growth, margins broadly remaining within our guided range and asset quality continuing to be robust. I am happy that our merger with Fincare has received all regulatory approvals in record time, and we are now operating as a merged entity. We now have 2,383 physical touchpoints across India and apart from a brick-and-mortar presence, we have a body and soul present in all these locations, giving us an extensive network which ensures we're closer to our customers than ever before and fast forwards our distribution build-out by many years.? AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.
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Jupiter Wagons Ltd, Kotak Mahindra Bank Ltd, Jyothy Labs Ltd, Godfrey Phillips India Ltd are among the other stocks to see a surge in volumes on NSE today, 25 April 2024. Sun Pharma Advanced Research Company Ltd witnessed volume of 142.26 lakh shares by 14:14 IST on NSE, a 154.41 times surge over two-week average daily volume of 92131 shares. The stock dropped 5.00% to Rs.270.90. Volumes stood at 2.17 lakh shares in the last session. Jupiter Wagons Ltd registered volume of 131.07 lakh shares by 14:14 IST on NSE, a 14.21 fold spurt over two-week average daily volume of 9.22 lakh shares. The stock rose 7.82% to Rs.422.00. Volumes stood at 5.19 lakh shares in the last session. Kotak Mahindra Bank Ltd recorded volume of 545.88 lakh shares by 14:14 IST on NSE, a 12.16 times surge over two-week average daily volume of 44.88 lakh shares. The stock lost 11.06% to Rs.1,639.05. Volumes stood at 32.95 lakh shares in the last session. Jyothy Labs Ltd clocked volume of 36.73 lakh shares by 14:14 IST on NSE, a 7.68 times surge over two-week average daily volume of 4.78 lakh shares. The stock gained 2.51% to Rs.432.20. Volumes stood at 4.52 lakh shares in the last session. Godfrey Phillips India Ltd clocked volume of 4.91 lakh shares by 14:14 IST on NSE, a 7.13 times surge over two-week average daily volume of 68868 shares. The stock gained 9.47% to Rs.3,427.60. Volumes stood at 22605 shares in the last session.
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