STATE BANK OF INDIA Q3 RESULTS

Will an empowered Modi bring back a big-bang reform?

If exit polls are accurate and Prime Minister Narendra Modi returns to power with a strong majority, major economic reforms are expected. This might include revisiting land acquisition laws to facilitate industrial growth. Land reforms are crucial for India's manufacturing ambitions. Digitisation of land records could streamline processes and accelerate development projects.

PSU bank stocks: 10 multibaggers in 5 years of Modi government

PSU bank stocks have soared during Modi's second term, with Indian Overseas Bank leading at 472% returns. Despite this, they trade at a discount, making them potential outperformers. CLSA identifies SBI, Canara Bank, and Bank of Baroda as Modi stocks poised for growth.

India's GDP grows 7.8 per cent in Q4, FY24 growth pegged at 8.2 per cent

India Q4 GDP: The analysts were anticipating a better-than-expected growth for the January to March quarter this time around. ​The Reserve Bank of India (RBI) estimated Q4FY24 real GDP growth to be 7 per cent while ET Poll suggested the growth rate of 6.8 per cent. As per a Reuters poll, the Indian economy was expected to grow at 6.7 per cent in the January-March quarter on a year-on-year basis, owing to weak demand.

Tata Steel shares fall 3% post Q4 results. Should you buy, sell or hold?

Tata Steel shares fell 3% after reporting a 64% decline in net profit to Rs 611 crore in Q4FY24, missing D-Street's estimates. Jefferies sees weak results but better than expected, with Motilal Oswal stating revenue at Rs 36,600 crore and ASP affecting EBITDA/t. Jefferies has a 'buy' call with a target price of Rs 200.

India's growth outlook: Economy to get a blockbuster release this Friday? But that's too late to stream in poll campaigns

GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.

Indian economy grew 7.4% in Q4 FY24; 8% in FY24: SBI Research

The International Monetary Fund (IMF) in its April 2024 World Economic Outlook (WEO) raised the global growth forecast for 2024 to 3.2 per cent, an improvement from its earlier projections. Global headline inflation is expected to decline from an annual average of 6.8 per cent in 2023 to 5.9 per cent in 2024, and further to 4.5 per cent in 2025, according to IMF estimates.

Brigade Enterprises Q4 Results: Profit jumps nearly 3-fold to 206 crore

Realty firm Brigade Enterprises Ltd on Tuesday reported a nearly three-fold jump in consolidated net profit to Rs 206.09 crore for the March quarter on the back of higher income. Its net profit stood at Rs 69.25 crore in the year-ago period.

SBI, Tata Motors among 5 most-profitable companies on Dalal Street

3M India Q4 Results: 'Post-it' maker posts profit rise; shares surge

3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge

Government to get Rs 3,662 crore from LIC as dividend

The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.

Cochin Shipyard shares surge 10%, hit record high post Q4 results

In Monday's trading session on the BSE, shares of state-run Cochin Shipyard soared 10% to reach a new all-time high of Rs 2100. This surge followed the company's announcement of a substantial increase in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter, driven by higher income. In comparison, the company had reported a profit of Rs 39.33 crore in the corresponding period last year.

Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share

Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.

Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY

Paytm Q4 Results: The fintech major's March quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the payments bank embargo. The company said Payment Bank's products like Paytm wallet and FASTag were distributed but due to the current embargo, it anticipates a steady state of an annualised direct impact on EBITDA to be around Rs 500 crore.

Paytm among worst performing fintech stocks as earnings loom

Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”

Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.

Union Bank and Bank of India shares drop up to 10% after Q4 results

Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India's net profit increased by 7%.

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.

SBI share price can surge up to Rs 1,000, say bulls after Q4 results

SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects.

SBI Q4 net profit surges 24% to a record

Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.

PNB Q4 results: Net profit surges 160% YoY to Rs 3,010 crore; NII rises 9%

Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.

SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates

​​SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.

Q4 results today: SBI, Asian Paints among 69 companies to announce earnings

Q4 results today: On Thursday, State Bank of India (SBI), the foremost public sector lender in India, will be among the 69 companies set to unveil their financial results for the quarter ending March 2024. Investors will also keep a close eye on companies like Asian Paints, BPCL, and Indian Overseas Bank as they announce their results.

Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%

Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24