HINDUSTAN PETROLEUM CORPORATION LTD Q3 RESULTS

LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share

LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.

ONGC's high investments to delay deleveraging: S&P

S&P Global Ratings stated that increased investments by Oil and Natural Gas Corp (ONGC) will slow its deleveraging over the next 12-24 months, affecting its 'bbb+' standalone credit profile. Despite a 2-3% drop in domestic production and lower realizations in FY2024, ONGC's EBITDA rose to Rs 1.1 lakh crore due to strong performance from subsidiaries MRPL and HPCL. S&P forecasts EBITDA to remain around Rs 1 lakh crore for FY2025 and FY2026, supported by increased production from the Krishna Godavari basin and international assets.

Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore

The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.

ONGC Q4 Results: Net profit jumps 19 times to Rs 9,869 crore

India's top oil and gas producer had made a provision of Rs 9,235 crore in the January-March 2023 quarter towards disputed taxes for the period from April 1, 2016, to March 31, 2022.

Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC

ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.

Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments

Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.

HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%

HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.

LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore

The net profit in the year-ago period was Rs 1,180 crore. The company's board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval.

Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks

Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.

PFC Q4 Results: Cons PAT jumps 20% YoY to Rs 5,624 crore; revenue up 20%

The total consolidated revenue from operations stood at Rs 24,141 crore for the March quarter, up 20% over Rs 20,061 crore reported in the year-ago period. On a QoQ basis, the uptick was 2.4% over Rs 23,572 crore reported in Q3FY24.

Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base

In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.

IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24

The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost.

IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24

The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost.

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.

BPCL Q4 Results: Net profit down 30% YoY to Rs 4790 crore on weak refining margins

FY24 net profit highest at Rs 26,674 crore. Company issues 1:1 bonus; declares dividend of Rs 21 per share. Revenue from operations declined 5% from Rs 5.06 lakh crore to Rs 5.33 lakh crore

HPCL announces 1:2 bonus share issue, Rs 16.5 dividend along with Q4 results

The record date for the bonus issue has been fixed on June 21, while the credit of shares will happen on or before July 8. The paid-up share capital before the bonus issue stands at Rs 1,418.55 crore, an increase to Rs 2,127.82 crore after the issuance.

HPCL Q4 Results: Net profit falls 25% YoY to Rs 2,709.31 crore; co announces 1:2 bonus issue

​Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported a 25 per cent fall in its March quarter net profit on lower refining margins and announced one bonus share for every two shares held.

Stocks in news: PB Fintech, Dr Reddy's, HPCL, Godrej Consumer, LTIMindtree

Pharma company Lupin on Monday reported 52% year-on-year growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024.

These 3 stocks close crossing below VWAP on April 30

CPCL Q4 Results: Profit falls 39% YoY to Rs 628 crore

Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Wednesday reported 39 per cent drop in March quarter net profit on lower prices and foreign exchange loss.

Hindustan Zinc Q4 Results: PAT slumps 21% YoY to 2,038 crore, revenue falls 12%

Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.

RIL and Nayara now sell a 4th of India's bulk diesel

RIL had 14.8% share in direct or bulk sales of diesel in March, up from 13.3% a year ago and 9.3% in the corresponding month of 2021, according to industry data. Nayara Energy's share increased to 10.9% in March from 8.7% a year ago and 2.6% in 2021. Together, the two refiners had a share of 25.7% in March, up from 22% in the previous year and 11.9% in 2021.

Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday

ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.