Key Q4 Results Updates: With the likes of Maruti Suzuki, Wipro, Bajaj Finserv Infosys, TCS, HCL Technologies, HDFC Bank, Shriram Finance, Jio Financial, Reliance Industries, Tata Consumer Products, HUL, Axis Bank, ‘Vedanta, Tech Mahindra, Bajaj Finance having already released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now full swing. Market Participants were today keen on the performance of players like Adani Green Energy, Britannia Industries, Godrej Properties, JSW Infrastructure, MRF, Raymond, Titan, Tata Tech, Mangalore Refinery & Petrochemical, Inox Wind, Aarti Drugs, and Coforge among others. Meanwhile, the street was also keeping a watch on how stocks were performing for the companies that have already released their earnings for the period.
Q4 result today: Adani Green Energy, Titan, MRF, and more will announce earnings
18:20 (IST) 3 May 2024
Q4 Earnings Live: Titan’s business performance
The company’s jewellery business’ total income rose 19% on year to Rs 8,998 crore in Q4 FY24.
Tanishq, one of the brands of Titan, added a new store in Dubai and Chicago, USA making the company’s total international stores footprint to 16 stores. During the quarter, Tanishq opened 11 new stores in India; Mia added 16 new stores.
Titan’s watches & wearables business segment recorded a total income of Rs 940 crores in the January – March quarter of FY24, up 8% year-over-year from Q4FY23. The domestic business grew 9% in the same period.
17:46 (IST) 3 May 2024
CK Venkataraman, Managing Director of Titan on Q4 results
“FY24 was yet another satisfying year for Titan. Our Jewellery business continued to grow in prominence achieving a proud milestone of “!;40,000+ crores in consumer sales. Together our brands of Tanishq, Mia, Zaya and Caratlane are meaningfully innovating and offering the best variety of choices for the discerning woman of tomorrow. Our Wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon. The EyeCare business has re-calibrated itself in this year of consolidation and has launched exciting new product launches for the fashion-conscious youth . Taniera’s expansions are gathering pace, and their stores are accessible across the length and breadth of the country. Through their ‘Weavershalas’ initiative, the brand is assiduously striving to protect traditional heirloom methodologies whilst embracing modernity practices. As we look forward to FY25, all businesses ofTitan Company Limited are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers,” said CK Venkataraman, Managing Director of Titan.
17:35 (IST) 3 May 2024
Q4 Earnings Live: Tanishq adds 2 new international stores
Tanishq, one of the brands, added a new store in Dubai and Chicago, USA making the company’s total international stores footprint to 16 stores.
17:24 (IST) 3 May 2024
Q4 Earnings Live: Titan’s total income in FY24
Titan‘s total income for the whole year (FY24) stand at Rs 47,501 crore, an increase of 23% on year from FY23.
16:54 (IST) 3 May 2024
Q4 Earnings Live: Aarti Drugs’ revenue in Q4
Aarti Drugs‘ revenue from operations declined to Rs 559.53 crore compared to Rs 699.41 crore it posted in the same period a year ago.
16:51 (IST) 3 May 2024
Q4 Earnings Live: Aarti Drugs’ net profit in Q4
Aarti Drugs‘ net profit in Q4 FY24 decline to Rs 36.14 crore from Rs 53.17 crore it posted in the same period a year ago.
16:29 (IST) 3 May 2024
Q4 Earnings Live: Titan Company’s revenue in Q4
The company’s revenue in Q4 FY24 grew to Rs 11,407 crore from Rs 9,808 crore it reported in Q4 FY23.
16:26 (IST) 3 May 2024
Q4 Earnings Live: Titan Company’s net profit in Q4
The company reported a net profit of Rs 786 crore in Q4 FY24, up 7% year-over-year, compared to Rs 734 crore in Q4 FY23.
16:24 (IST) 3 May 2024
Q4 Earnings Live: Titan Company declares dividend in Q4 results
The board has recommended a Dividend of~ 11.00 per Equity Share oft 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 40th Annual General Meeting, subject to the approval of the shareholders of the Company.
16:16 (IST) 3 May 2024
Q4 Earnings Live: Tata Tech quarterly earnings
Tata Tech Q4
Q4FY24 PAT Rs 80 crore Vs Rs 103.45 cr in Q4FY23
Q4FY24 PAT Rs 80 crore Vs Rs 94.07 cr in Q3FY24
16:10 (IST) 3 May 2024
Q4 Earnings Live: Tata Tech quarterly earnings
Tata Tech Q4
Q4FY24 total income at Rs 724.89 crore Vs Rs 779.31 crore in Q4FY23
Q4FY24 total income at Rs 724.89 crore Vs Rs 712.21 crore in Q3FY24
15:59 (IST) 3 May 2024
Q4 Earnings Live: Tata Tech reappoints CEO Warren Harris
Tata Tech Q4
Re-appointment of Warren Harris as CEO and Managing Director for 3 years and 6 months with effect from September 9, 2024 to March 8, 2028.
15:57 (IST) 3 May 2024
Q4 Earnings Live: Tata Tech announces dividend
Tata Tech board recommend a final dividend of Rs 8.40 and special dividend of Rs. 1.65 per Equity share of Rs. 2 each of the Company for FY24
15:01 (IST) 3 May 2024
HFCL’s revenue in Q4
HFCL‘s revenue in Q4 FY24 declined to Rs 1,326.06 crore from Rs 1,432.98 it reported in the same period a year ago.
14:58 (IST) 3 May 2024
HFCL’s net profit in Q4
The company reported a net profit of Rs 109.36 crore for the quarter ending March, against Rs 78.68 crore in Q4 FY23.
14:54 (IST) 3 May 2024
HFCL announces dividend in Q4
“Dividend for the financial year 2023-24 @ 20%, i.e., Rupee 0.20/- per equity share of face value Re.1/- each, out of the Profits of the Company for the financial year 2023-24, which shall be paid, subject to the approval of the shareholders in the ensuing annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2024, if declared, at the ensuing annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration,” said the company.
14:52 (IST) 3 May 2024
JSW Infrastructure’s revenue in Q4
The company’ revenue from operations grew to Rs 1,096.38 crore in Q4 FY24 from Rs 915.30 crore in Q4 FY23, up 19.8% on year.
14:50 (IST) 3 May 2024
JSW Infrastructure net profit in Q4
The company clocked a net profit of Rs 329.08 crore in Q4 FY24, compared to Rs 302.26 crore in Q4 of FY23, up 8.87% on year.
14:48 (IST) 3 May 2024
Q4 Results 2024 Live Updates: JSW Infrastructure declares dividend in Q4
“Recommended dividend of Rs. 0.55/- per Equity Share of Rs. 2/- (27.5%) to the Members of the Company for declaration at the forthcoming Annual General Meeting,” said the company.
14:46 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Gautam Singhania on Raymond’s Q4 results
“I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals vis Lifestyle, Real Estate & Engineering business that are future growth engines which is in line with India’s vision of Viksit Bharat,” Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said.
14:38 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond’s total booking value in Q4
“In Q4FY24, the company recorded a total booking value of Rs 840 crore, primarily driven by the successful launch of ‘The Address by GS, Bandra,’ which received overwhelming response with approximately 62% of the launched inventory sold within 40 days,” said the company in a press release.
14:29 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond’s revenue in FY24
In FY24, Raymond recorded its highest-ever annual revenue of Rs 9,286 crore, up 11% on year, compared to Rs 8,337 crore it posted in financial year 2022-23.
13:28 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond’s EBITDA in Q4
The company reported a record annual EBITDA of Rs 1,575 crore in Q4 FY24 and EBITDA margins at 17% with growth of 19% Vs last year.
13:26 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond revenue in Q4
The company recorded a revenue of Rs 2,608.50 crore in Q4 of FY24, compared to Rs 2,150.18 crore in Q4 FY23, up 21.3% on year.
13:24 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond’s net profit in Q4
Raymond declared a net profit of Rs 229.79 crore in Q4 FY24, up 17% on year, compared to Rs 196.5 crore in Q4 FY23.
13:19 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Raymond declares dividend in Q4
Raymond announces a dividend of Rs 10 per equity share. “The board of directors have recommended payment of a dividend of 100 % on the equity share capital i.e. Rs 10 per equity share of the face value of Rs 10 (Rupees Ten) each for the financial year ended March 31, 2024, subject to approval of the shareholders at the ensuing 99th annual general meeting. The dividend, if approved by the shareholders will be paid on or after June 26, 2024,” said an exchange filing.
13:16 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Godrej Properties booking value guidance for FY25
The company has given a guidance of 27,000 crore booking value in F25, while it reported a booking value of Rs 22,527 crore in FY24, a jump of 161% from its FY24 guidance of 14,000.
13:09 (IST) 3 May 2024
Q4 Results 2024 Live Updates: MRF revenue in Q4
MRF clocked a revenue from operations of Rs 6,349.36 crore in Q4 FY24, an increase of 8.7% on year, compared to Rs 5,841.72 crore reported in Q4 FY23.
13:07 (IST) 3 May 2024
Q4 Results 2024 Live Updates: MRF’s net profit in Q4
The company has recorded a net profit of Rs 396.11 crore, up 16.3% on year in Q4 FY24, against Rs 5,841.72 crore.
13:01 (IST) 3 May 2024
Q4 Results 2024 Live Updates: MRF declared dividend in Q4
The board of directors have recommended a final dividend of Rs 1941 – (1940%) per share of Rs 10 each. The company has already declared and paid two interim dividends of Rs 31- (30%) each-per share for the financial year ended March 31, 2024. The total dividend for the financial year ended March 31, 2024 works out – to Rs 2001 – (2000%) per share of Rs.10 each .
12:59 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Godrej Properties revenue in Q4
The company’s revenue from operations came in at Rs 1,426.1 crore in the quarter ending March, down 13.3 % on year, against Rs 1,646.27 crore in Q4 FY23.
12:57 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Godrej Properties’ net profit in Q4
The company has recorded a net profit of Rs 478 crore in Q4 FY24, against Rs 453.87 crore it reported in the same period a year ago, up 5.3% on year.
12:52 (IST) 3 May 2024
Q4 Results 2024 Live Updates: Godrej Properties Q4 results
Godrej properties didn’t give any dividends in Q4 of FY24. “The board of directors has not recommended any dividend on equity shares of the Company for the financial year ended March 31, 2024,” said the company.
12:47 (IST) 3 May 2024
Earnings recap: Adan Green Energy in Q3
Adani Green Energy reported a consolidated net profit of Rs 256 crore in Q3FY24, up 148.54% on year compared to a net profit of Rs 103 crore reported in the same period last year. Sequentially, the consolidated net profit dropped by 31% from Q2 FY2.
12:26 (IST) 3 May 2024
JM Financial on Cholamandalam Investment
“We believe that the repricing of the VF book and changing mix towards high-yield new business products (SME and SBPL) will aid in yields to expand, while the marginal increase in the cost of funds due to diversification into new sources of funding will lead to a gradual NIMs expansion in the near term. Mgmt guided for opex to decline as new businesses (SME, SBPL and CSEL) mature while credit costs are likely to remain largely steady considering the shift towards risky segments,” said JM Financial on Cholamandalam Investment & Finance.
“We believe, i) a strong growth outlook, ii) margins expansion led by fresh disbursals, iii) improving productivity in newer business lines, iv) steady credit costs and v) a consistent track record of management execution capabilities, would aid in sustainable RoAs and RoEs of 2.5%+ and 20%+ respectively over FY25-26E. We maintain “Buy” with a revised target price of Rs 1,500 (valuing CIFC at 22x FY26e EPS).”
12:14 (IST) 3 May 2024
LKP Securities on Havells India after Q4 results
“As a result of margin improvements driven by enhanced efficiencies, we have revised our EPS upwards. Considering the early positive indicators in B2C consumer demand due to the real estate revival and sustained industrial and infrastructure-led demand, we maintain our “Buy” recommendation with a revised price target of Rs 1,870,” said LKP Securities on Havells India post Q4.
11:53 (IST) 3 May 2024
Prabhudas Lilladher on Dabur India post Q4 results
“We believe harsh summer will provide a tailwind to juices/ drinks/ Glucon-D while normal monsoons will boost rural demand and tame inflation. We believe sustained innovation, premiumisation and launches in core segments like healthcare, oral care & HPC will help sustain double-digit growth. We increase our FY25/FY 26 EPS estimates by 1.4%/1.8% and estimate 12.8% EPS CAGR over FY24-26. Dabur is trading at 39.7x Mar26 EPS. We arrive at a DCF based target price of Rs 563 (Rs 535 earlier) which implies a PE of 42.5, in line with LTA. Retain “Accumulate” for moderate returns,” said Prabhudas Lilladher on Dabur India after announcing Q4 results.
11:38 (IST) 3 May 2024
JM Financial on Coforge post Q4
“We estimate that at current price, the acquisition will be EPS accretive (Exhibit 1). Synergies are difficult on realise, especially in large acquisitions. But we are willing to give benefit of doubt to Coforge’s clinical execution track-record. We have not merged the financials yet pending merger process. But we cut Coforge’s FY25/26E EPS by 24/25% on lower growth/margin assumptions. c.20% correction YTD seems to price this in already. Maintain “Buy” with a revised target price of Rs 5,570 (from Rs 6,940)” said JM Financial on Coforge after it announced its earnings for Q4 FY24.
11:02 (IST) 3 May 2024
Coforge touches 10% lower circuit post Q4 result
Coforge‘s stock hit a 10% lower circuit of Rs 4,487.15 on the National Stock Exchange as the IT solutions company announced its intention to purchase a stake of up to 54% in Cigniti Technologies at a price of Rs 1,415 per share. Additionally, it disclosed a substantial 94.86% year-on-year surge in net profit, reaching Rs 229.2 crore for the fourth quarter ending on March 31, 2024. Furthermore, the company’s board approved an interim dividend of Rs 19 per equity share.
