JIO PLATFORMS Q4 NEWS
Go Digit shares rally 10% after reporting Q4 PAT soars 104% YoY
Go Digit General Insurance shares surged 10% to a record high of Rs 372.35 after reporting robust Q4 results. PAT soared 104% YoY to Rs 53 crore. Q4 gross written premium rose nearly 19% YoY to Rs 2,336 crore. FY net profit jumped 405% to Rs 182 crore, with gross written premium up 24.5% YoY to Rs 9,016 crore.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
IPL 2024 attracted 620 million viewers on JioCinema
The Indian Premier League (IPL) 2024 witnessed a 38% surge in audience reach on JioCinema, with 620 million viewers compared to 449 million in the previous season. JioCinema reported a 53% growth in video views, totaling 2,600 crore, and over 35,000 crore minutes of watch time.
IPL 2024 audience reach on TV, digital platforms hits a record
IPL 2024 became the largest ever edition in terms of audience reach on TV and digital. The official broadcaster Star Sports recorded an audience reach of 546 million for 67 matches, with more data yet to come out.
Ashish Kacholia-backed smallcap stock jumps 8% after company's Q4 PAT rises 153%
Zaggle Prepaid Ocean Services, a smallcap company supported by ace investor Ashish Kacholia, saw its shares surge by almost 8% to Rs 338 on Friday's trading session on the BSE. This spike followed the announcement of strong fourth-quarter results.
GRSE shares surge 20% after posting doubling Q4 profit but ICICI Securities screams sell
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company's announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.
Revenue/Ebitda misses led to Vi’s higher net loss in Q4FY24: Analysts
Vodafone Idea's widening net loss to Rs 7,675 crore in the fiscal fourth quarter was attributed to lower revenue and operating income. Despite minimal customer losses, Vi struggled to compete with Reliance Jio and Bharti Airtel. Analysts noted a decline in revenue and Ebitda, with a modest increase in ARPU. The recent equity raise aims to alleviate financial strain.
Airtel to deploy FWA on SA network, full scale impact likely in FY2Q: Gopal Vittal
Bharti Airtel is deploying fixed wireless access (FWA) services in 25 cities. The full-scale impact is anticipated in the second quarter, crucial for 5G monetization and follows a standalone architecture approach like Reliance Jio.
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
Patanjali Foods Q4 Results: Net profit falls 22% YoY to Rs 206 crore; revenue rises 4%
Patanjali Foods Q4 Results: The company reported a PAT of Rs 264 crore in the year-ago period. From Rs 7,873 crore posted in the same period last year, its revenue from operations rose 4% YoY to Rs 8,222 crore in the quarter under review. The Food and FMCG segment achieved an ever highest quarterly revenue of Rs 2,705 crore in the fourth quarter.
Blinkit turns adjusted EBITDA positive in March as co aggressively bets on store expansion
The company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarter, it added 75 net new stores taking the total store count to 526.
Zomato Q4 Results: Firm posts profit of Rs 175 crore vs loss YoY, but misses estimates
Zomato Q4 Results: Zomato reported a net profit of Rs 175 crore for the quarter ending March 31, 2024, compared to a loss of Rs 188 crore in the previous year period, with operations revenue increasing by 73%.
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.
RIL Q4 earnings: Top highlights from management commentary
Reliance Industries has announced the financial results for the quarter and year ending March 31, 2024. The conglomerate achieved a record annual consolidated revenue of ₹1,000,122 crore ($119.9 billion), marking a 2.6% increase year-on-year. Additionally, the annual consolidated EBITDA reached ₹178,677 crore ($21.4 billion), reflecting a substantial 16.1% year-on-year growth. The strong performance was driven by key segments like Jio Platforms, which saw revenue increase by 11.7%, and Reliance Retail Ventures, which reported a sharp 28.5% increase in EBITDA.
Reliance Jio Q4 Results: Net profit rises 3% QoQ to Rs 5,307 crore
Jio Infocomm numbers were spot on to analyst estimates, which pegged the company's net profit at Rs 5,308 crore as per an average of estimates compiled by ET. The Mukesh Ambani-led telco’s March quarter revenue from operations came in 2.3% higher sequentially at Rs 30,541 crore compared to Rs 29,853 crore in the fiscal third quarter and Rs 27,539 crore a year ago.
Reliance Jio Q4 Results: PAT jumps 13% YoY to Rs 5,337 crore, meets Street estimates
Reliance Jio Q4 Results: The revenue for the reported quarter stood at Rs 25,959 crore versus ETNOW poll of Rs 26,000 crore. The profit after tax was up by 2.4% over Rs 5,208 crore reported in the December ended quarter. The average revenue per user (ARPU) for the quarter stood at Rs 181.7 million, which was same as the last quarter while going 1.6% up over the corresponding period of last financial year.
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.
Shares of Jio Financial jumps 3% post Q4 results
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
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