CONSOLIDATED NET LOSS
Spotify India narrows net loss in FY23
Spotify India LLP's net loss declined 26% to ₹344 crore in FY23. Revenue rose 86% to ₹167 crore while expenses fell 9% to ₹504 crore. Subscriptions increased 66%, ad revenue 91%. Entered India 2019, contends with JioSaavn, Amazon Prime Music, and Apple Music. Globally, Spotify has 615 million users. Data from Tofler; FY24 unfiled.
Tata Steel credit metrics to improve in FY25: CreditSights
CreditSights predicts Tata Steel's credit metrics to improve this fiscal year due to increased domestic steel demand, lower coking coal prices, and a strong EBITDA growth in FY25. It expected net leverage to enhance. Despite a significant drop in consolidated net profit for the March quarter, CreditSights believes Tata Steel's annual results were better than expected, with revenues and EBITDA declining due to losses in Europe and higher expenses.
Shree Renuka Sugars Q4 Results: Firm posts loss on higher expenses
Shree Renuka Sugars Ltd reported a net loss of Rs 111.7 crore for Q4, a decline from a profit of Rs 44.6 crore in the same period last year.
Tata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates
Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte Ltd in one or more tranches during FY25.
IFB Industries Q4 Results: Profit at Rs 12 crore
IFB Industries Ltd has reported a consolidated net profit of Rs 12 crore for the fourth quarter ended March 31, 2024, helped by performance from engineering business and home appliances. The company had posted a net loss of Rs 9.94 crore for the year-ago period, according to a regulatory filing on Tuesday.
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoY
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).
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Wockhardt Q4 Results: Company posts consolidated net loss of Rs 177 crore
Drug firm Wockhardt on Tuesday reported a consolidated net loss of Rs 177 crore for the fourth quarter ended March 31, 2024. The company had reported a net loss of Rs 237 crore in the January-March quarter of 2022-23.
TVS Supply Chain Solutions Q4 Results: Firm reports consolidated PAT of Rs 5.38 crore
TVS Supply Chain Solutions Ltd reported a profit after tax of Rs 5.38 crore for the quarter January-March 2024, with total income growing to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year, but facing a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024.
Glenmark Pharma Q4 Results: Net loss widens to Rs 121 crore YoY
Glenmark Pharma Q4 Results: The rise in loss was on account of declining sales in the US and exceptional items. It had reported a net loss of Rs 34.5 crore in the corresponding quarter of the previous year. In FY24, Glenmark's consolidated revenue reached Rs. 11,813 crore, a 2% increase year-over-year. The company's EBITDA margin for the fiscal year was 10.1%, primarily due to a one-time impact on sales in the India business during the third quarter.
RattanIndia Power Q4 Results: Firm posts Rs 10,665 cr net profit on exceptional gains
RattanIndia Power on Wednesday reported a consolidated profit of Rs 10,665.75 crore in the March 2024 quarter, mainly due to exceptional gain. The company had reported a loss of Rs 483.19 crore in the year-ago quarter, a BSE filing showed.
Strides Pharma Q4 Results: Firm posts net profit of Rs 10 crore vs loss YoY
Strides Pharma Science Ltd reported a net profit of Rs 10.44 crore in Q4 ended March 2024. The company announced Arun Kumar as Executive Chairperson. Consolidated total income was Rs 1,070.49 crore with expenses at Rs 984.21 crore. A final dividend of Rs 2.50 per equity share was recommended. FY24 revenue grew driven by US and regulated markets.
India Cements Q4 Results: Net loss narrows to Rs 50.06 crore
The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
Delhivery Q4 net loss narrows to Rs 68 crore
In a separate statement, the company's MD and CEO Sahil Barua said, "FY24 has been a crucial year for us where we delivered consistent service levels, significantly improved profitability, completed a large portion of our planned long-term capital investments and achieved material working capital improvement".
Vodafone Idea Q4 Results: Cons loss widens to Rs 7,675 crore YoY; ARPU rises to Rs 146 from Rs 135
Vodafone Idea Q4 Results: Revenue from operations stood at Rs 10,607 crore against Rs 10,532 crore reported in the corresponding quarter of the last financial year. Its EBITDA for the quarter was reported at Rs 4,336 crore and there was an increase in subscriber base to 12.63 crore versus 12.26 crore in Q4FY23.
Prism Johnson Q4 Results: Firm posts loss hurt by lower pricing in cement business
Net sales fell marginally to 20.46 billion rupees from 20.56 billion rupees a year ago. Revenue from Prism Johnson's largest segment, cement, declined 3.3%. Cement makers usually resort to price cuts in the March-quarter to boost sales volumes, in order to clear year-end inventory backlogs.
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.
Zomato Q4 earnings; Blinkit edges closer to profitability
Food delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s ETtech Top 5.
Jindal Steel Q4 Results: Cons PAT zooms 100% YoY to Rs 933 crore, but revenue falls 1%
Jindal Steel Q4 Results: In the corresponding quarter of the last financial year, the company reported a PAT of Rs 466 crore. On a sequential basis, the consolidated PAT was down 52% versus Rs 1,928 crore reported in Q3FY24. Gross revenue for the quarter under review stood at Rs 15,749 crore, down from Rs 15,797 crore reported in Q4FY23.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Zomato Q4 Results Preview: Steady earnings on cards after solid few quarters
Zomato Q4 Results Preview: In the previous quarter, the food delivery platform saw a remarkable surge in its net profit, skyrocketing nearly fourfold (283%) quarter-over-quarter to reach Rs 138 crore. Furthermore, revenue from operations in the third quarter showed a robust 69% year-over-year increase, reaching Rs 3,288 crore. These figures underscore the platform's substantial growth and increasing demand for its services during that period.
Kalyan Jewellers Q4 Results: Cons PAT zooms 97% YoY to Rs 137 crore
Jewellery major Kalyan Jewellers recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. Consolidated profit after tax (PAT) for FY24 stood at Rs 596 crore, a 36 per cent rise over FY23.
Bajaj Hindustan Q4 Results: Net profit slides 31% YoY to Rs 90.56 crore
Bajaj Hindustan Sugar on Friday posted 31 per cent fall in consolidated net profit to Rs 90.56 crore during the fourth quarter of the 2023-24 fiscal on lower income. Net profit stood at Rs 130.91 crore in the same quarter of the previous financial year, as per the regulatory filing.
Wagon maker and auto ancillary stock power up to give 7-8% gains
After opening flat, the Nifty hit a high in early trade. It then kept slipping to end in a loss.
Piramal Enterprises back in the black on large tax write-back
On an annual basis, PEL swung to a loss of 1,684 crore from a profit of 9,969 crore, due to the impact of AIF provisions during the fiscal.
PB Fintech Q4 Results: Policybazaar parent reports PAT of Rs 60 crore vs loss of Rs 9.34 crore YoY
PB Fintech Q4 Results: The consolidated revenue for the reporting quarter stood at Rs 1089.57 crore, which was up 25.36% over Rs 869.10 crore reported in the year-ago period. For FY24, the PAT improved from a loss of Rs 488 crore to a profit of Rs 64 crore.
Godrej Consumer Q4 Results: FMCG major posts loss of Rs 1,893 crore against profit a year ago
The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Tuesday, May 14, 2024. The dividend will be paid on or before Wednesday, June 5, 2024.
Adani Enterprises Q4 Results: Net profit plunges 39% YoY to Rs 449 crore on exceptional loss
Adani Enterprises’ consolidated net profit slipped two-fifth on year to Rs 449 crore in the March quarter, bogged down by a one-time loss in its airport operations, and due to higher costs.
Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore
The acquisition would help expand the company's presence in Mumbai and is expected to lead to synergies and add value for all the stakeholders. Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23.
Kesoram Q4 Results: Net loss widens to Rs 244 crore
B K Birla Group company Kesoram Industries Ltd on Monday posted a consolidated net loss of Rs 244.42 crore for the quarter ended March 2024, despite higher sales. The cement maker's net loss in the fourth quarter of the 2023-24 fiscal (FY'24) has widened from Rs 48.86 crore in the corresponding quarter of the previous year.
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