Federal Bank Q4 Results Review: Margins To Get Support From Higher Yielding Asset Mix

Systematix raised target price of Federal Bank to Rs 190 apiece from Rs 170 apiece earlier, implying a potential upside of 10.4%.

Bloomberg Quint 

Adani Enterprises consolidated FY24 EBIDTA up 32 pc to Rs 13,237 crore

Adani Enterprises consolidated FY24 EBIDTA up 32 pc to Rs 13,237 crore

Economic Times 

Procter & Gamble Health Reports 21% Drop In Q3 PAT

Procter & Gamble Health reported a 21% drop in profit after tax to Rs 46 crore for the third quarter ended March 2024, with revenue from operations declining to Rs 252 crore.

Bloomberg Quint 

Yes Bank Faces Rs 6.42 Crore Service Tax Demand Penalty

Yes Bank receives a service tax demand order of over Rs 6.42 crore, including a penalty, from the Office of the Commissioner of GST & Central Excise, Maharashtra.

Bloomberg Quint 

RailTel Q4 Result: Profit Rises 3% To Rs 77.5 Crore, Total Income At Rs 852 Crore

RailTel Corporation of India reports 3% rise in profit to Rs 77.53 crore for Q4, total income at Rs 852 crore.

Bloomberg Quint 

Ajanta Pharma Q4 Results: Net profit soars 66% YoY to Rs 203 cr

Revenue from operations rose to Rs 1,054 crore in the fourth quarter of FY24 as compared with Rs 882 crore in the year-ago period, Ajanta Pharma said in a regulatory filing. For the year ended March 31, 2024, the company posted a consolidated net profit of Rs 816 crore as against Rs 588 crore in the 2022-23 fiscal year.

Economic Times 

Tata Projects Q4 Results: Posts Rs 120.5 Crore PAT

These figures are after exceptional and/or extraordinary items.

Bloomberg Quint 

Coal India Q4 Results: Net profit surges 26% YoY to Rs 8,682 crore, beats estimates

Coal India Q4 Results: Revenue from operations during the January-March 2024 period declined 2% year-on-year to Rs 37,410 crore. The same stood at Rs 38,152 crore in the corresponding period of last year. Operationally, the production of raw coal increased to 241 million tonnes in the fourth quarter as against 198 million tonnes in the previous-year period.

Economic Times 

Hindustan Petroleum Q4 Results Preview: Profit May Rise 44% After Crude Throughput Improves

Net profit of the public sector undertaking may rise 44% sequentially to Rs 2,938.73 crore in the quarter ended March 2024, according to Bloomberg consensus estimates as of May 2.

Bloomberg Quint 

IndiaMart shares zoom 9% after net profit jumps 35% in Q4. Should you invest?

IndiaMart InterMesh shares surged 9% to Rs 2,888.90 on BSE following its Q4FY24 report, revealing a net profit of Rs 92 crore, a 35% increase from Rs 68 crore in the corresponding period last year.

Economic Times 

Britannia Industries Q4 preview: PAT likely to decline 1.5% YoY to Rs 551 crore on price cuts, competition

Britannia Industries anticipates a 1.5% YoY PAT decline to Rs 551 crore due to price cuts. Revenue growth expected. Key monitorables include rural demand trends, new launches, and distribution expansion.

Economic Times 

Titan Q4 Preview: Profit, revenue seen rising in high double-digits

Titan Company anticipates robust Q4 earnings with strong growth in revenue and profit. The jewelry segment drives sales, with adjustments made to manage margin impact. International business expansion and GP margin decline are key areas to watch.

Economic Times