Company / Zee Biz
Godrej Properties Q4 Results:Realty firm Godrej Propertiesreported a 14 per cent increase in its consolidated net profit to Rs 471.26 crore for the quarter ended March on higher income amid strong housing demand.
MRF March Quarter Results: Chennai-headquartered tyre manufacturer MRF reported a 7.6 per cent fall in standalone net profit to Rs379.55 crore for the January-March period. Its quarterly margin, a key measure of profitability, contracted by 50 basis points (bps) to 14.2 per cent.
With an increase in orders in hand, the expansion will enable the company to fulfill customer orders promptly and efficiently, thereby meeting the growing demand for its products.
Its revenue from operations rose to Rs 2,992 crore in the period under review from Rs 2,875 crore in the fourth quarter of FY23.For the fiscal ended March 2024, the company posted a net profit of Rs 635 crore compared to Rs 182 crore in 2022-23.
The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion.
These figures are after after exceptional and/or extraordinary items.The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said.
FY24 was an exemplary year where the firm grew 13.3 per cent in CC organic terms, thus becoming one of the very few firms across the industry that were able to deliver on the annual growth guidance given at the beginning of FY24.
Coal India Q4 Results:Coal India Ltd (CIL) reported a 26.3 per cent jump in consolidated net profit to Rs8,682.2 crore for the fourth and final quarter of the financial year 2023-24.
The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs.
For the financial year ended on March 31, 2024, Dabur India's net profit was at Rs 1,811.31 crore, up 6.46 per cent against Rs 1,701.33 crore in the year-ago quarter.
Under the agreement, about 300 engineers from Forvia's Augsburg (Germany) and Bengaluru (India) sites have already been transferred to LTTS. These teams will develop internal combustion engine related activities within LTTS.
Britannia Q4 Results Preview: Kolkata-based FMCG major Britannia, whose popular biscuit brands include Good Day,Tiger,Marie Gold and Milk Bikis, is estimated to register a consolidated net profit of Rs539 crore for the quarter ended March 31, which translates into a year-on-year decline of 3.4 per cent.
Sales in Q1 2024 were at USD 16.28 billion as compared to USD 18.50 billion in the year-ago period. Steel shipments in first quarter of 2024 were 13.5 MT, lower than 14.5 MT in Q1 2023.
According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.
This landmark transaction marks Avaada'sfirst endeavour in developing a greenfield project under an existing Special PurposeVehicle.
This is another step towards the company's objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company, Delhivery said.
Before joining Airtel, Mandelia was heading the corporate health and wellness business units at Tata 1mg, along with corporate strategy.
Without naming Vodafone Idea (VIL), Indus Towers in its financial report said it has doubtful receivables of Rs 5,385.3 crore, comprising all overdue from the debt-ridden telecom firm as of March 31, 2024.
Its revenue from operations was up 1.36 per cent to Rs 888.02 crore during the quarter under review. It was at Rs 876.03 crore in the corresponding period a year ago.OCL's total expenses were up marginally to Rs 785.52 crore in the March quarter.
In a post on X, Iffco Managing Director US Awasthi said, IFFCO's Nano Technology-based innovations are making a mark on the agriculture sector. Glad to share that IFFCO's new innovation IFFCO Nano Zinc (Liquid) and IFFCO Nano Copper (Liquid) has been notified by the Government of India, @AgriGoI for a period of 3 years. FCO (Fertiliser Control Order) approval has been granted for both these products.
The steel manufacturer Jindal Stainless has also entered into a joint venture (JV) for the development and operation of a stainless-steel melt shop in Indonesia, which has an annual production capacity of 1.2 million tonnes per annum (MTPA). The move which entails an investment of Rs 700 crore will see the melting capacity of the steel major go up by as much as 40 percent to 4.2 MTPA.
The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here.
The campus has LEED Gold certification and the company is minimizing the campus's environmental footprint.
Approximately Rs 10.75 crore has been spent on legal expenses of lawyers Sushaali Mehta and Amol Inamdar despite the courts being closed during the Covid-19 pandemic, Prashant Mehta, permanent trustee of Lilavati Hospital said.
The order is beingexamined and appropriate steps, including filing of appeals and rectificationapplications, would be taken in this regard.
The order is beingexamined and appropriate steps, including filing of appeals and rectificationapplications, would be taken in this regard.
We continued to grow consistently anddelivered an AUM growth of 39 per cent year-on-year.
This will help maximize strategic direction, focus, and agility, and will accelerate the process of creating long-term value for shareholders and all other stakeholders, according to a statement issued by the group.
According to a stock exchange filing, the cousins, Jamshyd and Smita, will receive the unlisted Godrej & Boyce Mfg. Co., along with its affiliates and a huge land bank.
The data centre regionwill expand the availability of Microsoft's hyperscale cloud services, facilitatingenterprise-grade reliability, performance, and compliance with data residency andprivacy standards, according to the company.
The maker of popular household products such as Sensodyne toothpaste and pain-reliever Panadol, had earlier said that the first three months of 2024 would be impacted by a softer cold and flu season and a slowdown in painkiller Advil's sales in Canada, following a surge in demand last year.
Domestic wholesales saw an increase of 1 per cent to 50,201 units last monthfrom 49,701 units in the year-ago period.
The state-run Maharatna company Coal India is all set to release its March quarter earnings on Thursday (May 2, 2024). Zee Business research desk estimates the leading pure-play global
India is the fifth largest market of the Atlanta-based company, which operates here with brands as Coca-Cola, Coke, Thums UP, Maaza, Sprite, Fanta, Minute Maid, etc.
Castrol India Q4 Results:The company's revenue from operations during the quarter under review stood at Rs 1,325 crore, up 2 per cent from Rs 1,294 crore in the first quarter of 2023.
Indus Towers Q4 Results:For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023.
Fino Payments Bank Q4 Results:Fino Payments Bank reported a 14 per cent growth in March quarter net profit to Rs 25.21 crore.The Navi Mumbai-headquartered bank had reported a net profit of Rs 22.08 crore in the year-ago period.
Cholamandalam Investment Q4 Results:Cholamandalam Investment and Finance Company reported a 24.5 per cent rise in net profit to Rs 1,065 crore for the March quarter on account of an increase in core business.
According to a regulatory filing, the company's NOI grew 12 per cent to Rs 1,895.9 crore in 2023-24. Cumulatively, it has declared distribution of Rs 1,136.2 crore to unitholders for last fiscal year.
Worldline ePayments India offers solutions for all kinds of payment needs offering in-store, online, and omnichannel payments to its customers. Since late last year, the RBI has approved multiple online payment gateway companies to be PAs including DigiO, PayU, CRED, CC Avenue, Mswipe, Razorpay, Cashfree, Decentro, Zoho, Tata Pay, Google Pay, and EnKash, among others.
The company obtained its third-party application provider (TPAP) license last year and provided the services in collaboration with banking partner Yes Bank.
Havells India Q4 Results: Fast moving electrical goods firm Havells India reported a 24.8 per cent year-on-year jump in consolidated net profit to Rs446.7 crore for the January-March period. The company declared a final dividend for the financial year 2023-24.
Atento is acustomer relationship management (CRM) and business transformation outsourcing (BTO)company in Latin America.
The company said the dividend, of Rs 8.50 per equity share of the face value of Re 1 each, will be paid to eligible shareholders.
The company, which follows the July-June financialyear, had reported a profit after tax of Rs 165.02 crore in the corresponding quarterof the preceding fiscal.
Our large customer base hasbeen increasing, leading to strong growth in revenue per customer, said DiwakarNigam, Chairman and Managing Director, Newgen Software Technologies.
Apple has hired dozens of artificial intelligence (AI) experts from Google and formed a secretive European laboratory in Zurich to house a new team of staff tasked with developing new AI models and products, areport said.
Our large customer base hasbeen increasing, leading to strong growth in revenue per customer, said DiwakarNigam, Chairman and Managing Director, Newgen Software Technologies.
The final dividend, if approved by the shareholders in the forthcoming annual general meeting (AGM) of the company, shall be paid/ dispatched to the shareholders on or before 30 days from the date of AGM, Havells said.
The FMCG company is likely to report a revenue of Rs 2,832 crore against Rs 2,678 crore year-on-year (YoY), up 6 per cent.