Axis Bank has reported a net profit of Rs 7,130 crore for fiscal fourth
C K Birla group’s IT firm, Birlasoft reported a net profit of Rs 180 crore in the March quarter of FY24, up 11.8% quarter on quarter (QoQ). The profit for the company grew by a whopping 60.5% on-year.The growth in profit in Q4 comes on the back of surge in non-core income, slight increase in operating margin and a decline in employee expenses. Operating margin jacked up by 33 bps (3.8% QoQ) to end at 14.7% in the final quarter of FY24.The revenue for the Pune-based company in Q4 stood at Rs...
Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue...
Coforge’s net profit declined by 6% quarter on quarter (QoQ) at Rs 223 crore in the March quarter of FY24. The profit for the company grew by a whopping 94.8% on-year, from a profit of Rs 115 crore in Q4 FY23.The IT firm’s annual net profit for fiscal 24 stood at Rs 808 crore, up 16.5% year on year. Consolidated revenue stood at Rs 2,358 crore in the just concluded quarter, up 1.5% sequentially and 8.7% on-year. Margins stood at 19% in Q4 up from 18% in Q3 FY24.Coforge's fresh order intake more...
Adani Group firm Ambuja Cements Ltd on Wednesday reported a consolidated net profit at Rs 1,525.78 crore for the fourth quarter ended on March 2024.
Adani Wilmar posted its financial results for the quarter ended on March 31, 2023 on Wednesday. The Adani Group company reported a 67 per cent year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period. Adani Wilmar is a joint venture company between Adani Enterprises and Wilmar International. In the same quarter, revenue from operations experienced a 5 per cent year-on-year decline, amounting to ₹13,238 crore. This...
Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the round injecting Rs 500 crore, while hedge fund Aregence, along with family offices, also committed capital, the company said in a filing with the stock exchanges Thursday.Ugro’s founder, board members and management collectively...
US renewables developer NextEra Energy has posted an improved financial results for the first quarter of 2024, with net income increasing by 8.7%.
Pune-based global IT services provider Birlasoft Ltd on Monday reported a 60.7% year-on-year jump in net profit at ₹180 crore for the fourth quarter that ended March 31, 2024.In the corresponding quarter, Birlasoft posted a net profit of ₹112 crore, the company said in a regulatory filing. The company's revenue from operations increased 11.1% to ₹1,362.5 crore against ₹1,226.3 crore in the corresponding period of the preceding fiscal.At the operating level, EBITDA jumped 32.7% to ₹221.5 crore...
Tata Chemicals Q4 results: The 3rd-largest producer of soda ash in the world has reported a ₹841-crore net loss in the quarter, as per a filing. The net loss stemmed from a one-time loss from its UK operations. In the same period, a year ago, the company had announced a ₹692 crore profit. Notably, this was the first quarterly loss reported by the company in 9 years. It has also declared a dividend of ₹15.It has been reported that the company, for the fiscal ending March 31, 2024, has recognised...
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The oil and gas company also said it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with...