Hero FinCorp Board Approves Fundraise Via IPO

The non-banking financial company offers products, including personal, business and home loans, and insurance.

Bloomberg Quint 

FPIs sell PNB Housing shares worth Rs 843.79 crore in bulk deal

As of March 2024, General Atlantic Singapore Fund FII PTE owned 9.82% stake in the company while Asia Opportunities V (Mauritius) owned 9.88% stake in the company. Societe Generale was among the buyers in the deal and bought shares worth ₹94.82 crore.

Economic Times 

Bata India Q4 Results: Net Profit Down 3%

Bata India reports a 3.02% decline in net profit for Q4, with revenue up by 2.47% despite higher expenses.

Bloomberg Quint 

Optiemus Infracom Q4 Resulst: Net profit Rises 40% To Rs 24 Crore

Total revenue of Optiemus Infracom surges by 34% to Rs 501.68 crore in Q4, showing strong growth.

Bloomberg Quint 

Aadhar Housing Finance Q4 Results: Net profit jumps 43% YoY to Rs 202 crore

Its total income for the quarter stood at Rs 673 crore, 25% higher than what it was for the same period last year. Aadhar, a leading lender to the economically weaker section, saw its assets under management grow 23% year-on-year to Rs 21121 crore at the end of March. Its average loan size is Rs 10 lakh.

Economic Times 

Ramky Infra Q4 net declines to ₹57 crore

The order book of the company stands at ₹9,300 crore and it planned to raise around ₹280 crore as term loans in next six months

The Hindu Business 

Cummins India Q4 results: Net profit jumps 50% to Rs 530.5 crore

The January-March period marks the fifth quarter in a row when Cummins India has posted strong revenue on the back of demand created by growth in private and public capital expenditure

Moneycontrol 

EIH Limited Q4 Results: PAT jumps 169% YoY to Rs 247.6 crore

EIH Limited, the flagship company of The Oberoi Group has posted a profit of Rs 677.7 crore for financial year 2024, up 105.9% year on year. The luxury hotel chain posted revenues of Rs 2626 crore for fiscal year 2024, up 25.3% year on year.

Economic Times 

Remsons Industries Q4 PAT doubles to ₹5.2 crore

Remsons Industries Q4 PAT doubles to ₹5.2 crore

The Hindu Business 

HeidelbergCement India Q4 profit up 38% to Rs 48 crore

In the March quarter, HeidelbergCement’s sales volume was up 4 per cent to 1,233 KT. Total income of HeidelbergCement was also marginally down in the March quarter at 610.35 crore.

Moneycontrol 

Tata Steel's board approves Rs 3,000 crore fundraising via NCDs

Tata Steel net debt stands at Rs 77,550 crore as of March 31, 2024.

Moneycontrol 

PNB Housing Finance: Societe Generale Buy Shares After Two FPIs Cut Stake Worth Rs 844 Crore

Asia Opportunities V (Mauritius) and General Atlantic Singapore Fund offloaded over 58 lakh shares each for an aggregate amount of Rs 844 crore.

Bloomberg Quint 

Emami Q4 Results: Profit rises 4% to 146.75 crore, revenue up 7%

Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024

Economic Times 

Mazagon Dock Q4 Results: PAT skyrockets 103% YoY to Rs 663 crore, revenue jumps 49%

On a sequential basis, the PAT was higher by 5.7%. The consolidated revenue from operations stood at Rs 3,104 crore in the reported quarter. It was Rs 2,079 crore in the year-ago period. The government-owned shipbuilding company declared a final dividend of Rs 12.11 per share for the year ended March 31.

Economic Times 

Alkem Laboratories Q4 Results: Profit Jumps 4.4x But Misses Estimates

Alkem Laboratories Q4 Results: Profit Jumps 4.4x But Misses Estimates

Bloomberg Quint 

Prestige Estates Q4 profit down 70 pc to Rs 140 cr

Prestige Estates Projects, a leading real estate developer, reported a 70% decline in net profit to Rs 140 crore for the quarter ending March 2024. Despite the decrease, the company saw growth in the 2023-24 fiscal year, with increased total income and net profit.

Economic Times