BHAGYANAGAR PROPERTIES LTD Q3 RESULTS
![Under-construction housing prices increase 15.2% in June quarter](https://img.etimg.com/thumb/msid-111238973,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/under-construction-housing-prices-increase-15-2-in-june-quarter.jpg)
Under-construction housing prices increase 15.2% in June quarter
Residential real estate supply surged in June quarter driven by under-construction properties, prices rose 11.7% and 15.2% sequentially, surpassing ready-to-move-in prices in Gurugram, Mumbai, Noida, and Thane.
![Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19%](https://img.etimg.com/thumb/msid-110916485,width-100,height-75,resizemode-4/markets/stocks/earnings/go-digit-q4-results-pat-jumps-104-yoy-to-rs-53-crore-gross-written-premium-up-19.jpg)
Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19%
The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.
![Robust housing demand helps in faster inventory liquidation](https://img.etimg.com/thumb/msid-110825411,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/robust-housing-demand-helps-in-faster-inventory-liquidation.jpg)
Robust housing demand helps in faster inventory liquidation
Residential property markets in the top seven cities - Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad and Kolkata - have witnessed a significant 31% decrease in the time taken to sell active unsold housing inventory, showed a JLL analysis.
![India's top 7 cities see 31% decline in time to liquidate unsold housing inventory](https://img.etimg.com/thumb/msid-110763127,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/indias-top-7-cities-see-31-decline-in-time-to-liquidate-unsold-housing-inventory.jpg)
India's top 7 cities see 31% decline in time to liquidate unsold housing inventory
According to him, time needed to sell the unsold inventory in the premium segment has dropped from 51 months in 2019 to 29 months in the first quarter of 2024, showcasing the strong sales momentum in this segment. Apartments belonging to ticket size category of Rs 3 crore and above, have also witnessed a 11% reduction in time to sell during the same time.
![Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore](https://img.etimg.com/thumb/msid-110539282,width-100,height-75,resizemode-4/markets/stocks/earnings/prestige-estates-q4-results-profit-plunges-70-yoy-to-rs-140-crore.jpg)
Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore
Prestige Estates Projects Ltd has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period.
![Unsold housing inventory dips by 57% in NCR in five years](https://img.etimg.com/thumb/msid-110357101,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/unsold-housing-inventory-dips-by-57-in-ncr-in-five-years.jpg)
Unsold housing inventory dips by 57% in NCR in five years
Residential real estate upcycle aids NCR, slashing unsold stock by 57% in 5 years, topping nationwide improvement. Southern cities saw moderate declines. Controlled supply boosts NCR's success, buoyed by renewed buyer confidence and regulatory reforms. Gurgaon and Greater Noida lead reductions. Luxury segment drives demand, signaling further project surge.
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Improving asset quality, reach to keep Jana SFB on growth path
JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expanding the portfolio of secured loans. At the end of March 2024, its total loan book was worth Rs 24,746 crore.
MakeMyTrip Q4 Results: Company posts profit of $ 171.9 million up from $ 5.4 million a year ago
MakeMyTrip reported a revenue of $ 782.5 million for financial 2024, up from $ 593 million in fiscal year 2023. The company posted a revenue of $ 202.9 million in the fourth quarter of financial year 2024, up from $ 148.5 million in quarter four of financial year 2023.
PVR Inox Q4 Results: Net loss narrows to Rs 130 crore; revenue jumps 10% YoY
PVR Inox Q4 Results: For the full financial year, the loss reported was Rs 32 crore, down from Rs 335 crore in FY23. The revenue in the said period stood at Rs 6,107 crore, higher than Rs 3,751 crore reported in the year-ago period.
Godrej Properties Q4 Results: Net profit rises 14% YoY to Rs 471 crore; revenue falls 13%
Godrej Properties Q4 Results: Godrej Properties' Q4 net profit rose 14% YoY to Rs 471 crore. Revenue fell 13%. Co recorded the highest quarterly sales at Rs 9,519 crore. Godrej Zenith, Gurugram achieved Rs 3,008 crore booking value.
Cholamandalam Investment Q4 Results: Net profit jumps 24% YoY to Rs 1,058 crore
Total loan disbursements increased 18% year-on-year during the quarter to a record Rs 24,784 crore in March 2024 from Rs 21,020 crore a year ago. Net profit for the year ended March 2024 increased 28% to Rs 3,423 crore from Rs 2666 crore a year earlier.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Deutsche Bank Q1 Results: Profit jumps 10% as investment bank outperforms
Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.
Jio Platforms Q4 Results: Net profit zooms 12% YoY to Rs 5583 crore
JPL's Q4 net profit increased by 12%. For the January-March period, JPL's consolidated net profit rose to Rs 5583 crore from Rs 4984 crore a year ago and Rs 5445 crore in the previous three months ended December, it said in a statement Monday.
Wipro Q4 results; RBI nod for Cred’s payment aggregator biz
IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.
Walmart's earnings shine as it preps $2.3-billion Vizio acquisition
Shares in the retail giant rose 6% to a record high of $180.31 in early trading after it also gave an upbeat annual sales forecast and announced a 9% rise in its dividend, the biggest increase in more than a decade.
Omaxe Q3 Results: Posts Rs 72 cr loss for Dec qtr; reappoints Mohit Goel as MD
Realty firm Omaxe Ltd on Friday reported a consolidated loss of Rs 71.77 crore for the quarter ended in December 2023. Its loss stood at Rs 109.11 crore in the year-ago period.
Godrej Properties Q3 net profit up 6%, total income rise 43% on year
Sales bookings rose 76% from a year ago to Rs 5,720 crore during the quarter and 59% to Rs 13,008 crore in the first nine months of 2023-24. Booking value in the first three quarters was 106% of booking value for the entire 2022-23, which was the company's previous best-ever year.
Godrej Properties Q3 Results: Net profit rises 11% to Rs 63 cr; sales bookings up 76%
Godrej Properties on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 62.72 crore in the December quarter, while sales bookings grew 76 per cent annually to Rs 5,720 crore during the period on better housing demand. The realty firm's net profit stood at Rs 56.40 crore in the year-ago period.
Q3 results today: Britannia, Nykaa, Nazara among 160 companies to announce earnings
Q3 results today: 160 companies, including Britannia Industries and FSN E-Commerce Ventures, will announce their December quarter earnings on Tuesday. Street will be closely watching these results. Other important results include Brigade Enterprises, Computer Age Management Services, Chambal Fertilizers and Chemicals, Eid Parry, Eveready Industries, Godrej Properties, JK Tyre & Industries, Lemon Tree Hotels, Nazara Technologies, Radico Khaitan, Tata Teleservices Maharashtra, and Zaggle Prepaid Ocean Services.
Raymond Q3 Results: Profit almost doubles to Rs 185 crore
Diversified group Raymond on Thursday said its consolidated net profit in December quarter FY24 almost doubled to Rs 185.39 crore on strong growth in real estate and branded apparel businesses.
PVR Inox records Rs 41 crore net profit in Q3
Revenue grew 6.4% from a year in the quarter to Rs 1,569 crore while expenses increased 7.8% to Rs 1,343 crore. Corporate tax fell 78.5% to Rs 14.2 crore from Rs 66.2 crore a year earlier
Keystone Realtors records five-fold jump in October-December net profit
The company recorded 26% year-on-year and 101% sequential rise in pre-sales at Rs 616 crore during the quarter ended December. Collections during the period also rose to Rs 452 crore taking its first nine month’s collection to Rs 1,533 crore
ITC Q3 Results: Net profit rises 11% YoY to Rs 5,572 crore
ITC Ltd on Monday reported 10.8% year-on-year growth in net profit at Rs 5,572 crore for the third quarter ending December ’23, while gross revenue went up by 2.1% to Rs 17,483 crore. Both revenue and profit exceeded street estimates.
Macrotech Developers Q3 Results: Profit rises 25% to Rs 505 cr; co plans to raise up to Rs 5,000 cr
Total income rose to Rs 2,958.7 crore in the October-December period of 2023-24 financial year from Rs 1,902.4 crore in the corresponding period of the previous year, according to a regulatory filing. In the first nine months of FY24, Macrotech Developers MD & CEO said the pre-sales (sales bookings) stood at Rs 10,300 crore, showing a robust 14% year-on-year growth and remains on track to deliver full-year guidance of Rs 14,500 crore.
Cholamandalam Finance Q3 Results: Net profit jumps 28% YoY to Rs 876 crore
Profit increased because of higher interest income due to strong growth in disbursements. Vehicle finance disbursements grew by 18% at Rs 12,354 crore in the quarter aided by a steady growth in used vehicles. Their loan against property segment saw a disbursement of Rs 3,409 crore, registering a 51% growth from last year, while the home loan segment disbursed Rs 1,587 crore, recording a 48% growth.
L&T Fin profit rises 41% in Q3 on strong retail loan growth
The company recorded its highest-ever quarterly retail disbursements at ₹14,531 crore, up 25% year-on-year led by a 31% growth in its retail book which increased to ₹74,759 crore from ₹57,000 crore a year earlier.
Reliance Industries Q3 net profit up 11% to Rs 19,641 cr
Net profit rose to ₹19,641 crore from ₹17,706 crore in the year earlier. Revenue from operations was up 3.2% to ₹2.48 lakh crore from ₹2.40 lakh crore.
Reliance Jio Q3 Results: Net profit rises 12% YoY to Rs 5,208 crore
Quarterly ARPU (average revenue per user), a key performance metric, though, remained flat sequentially at Rs 181.7 for India’s largest telco by subscriber base.
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