Tag: Q4

ITC hits 52-week high on robust Q4

ITC hits 52-week high on robust Q4

29/05/2017 11:50

Shares of FMCG major ITC rose nearly 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment.

Boosted by strong Q4, shares of the company gained as much as 3.64 per cent to hit 52-week high of Rs 319.90 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 316.40 against previous close price of Rs 308.60.

In a similar fashion, stocks of firm were trading 2.43 per cent higher at Rs 316.60 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,060.97, up 32.76 points or 0.11 per cent, at 11:35 hours.

Mphasis Q4 net profit jumps 17% at Rs 184 cr

Mphasis Q4 net profit jumps 17% at Rs 184 cr

26/05/2017 12:48

IT company Mphasis has reported a 17.6 per cent increase in consolidated net profit at Rs 184.1 crore for the period ended March 31.

The company had posted net profit of Rs 156.5 crore in the same period a year ago, it said in a filing to the Bombay Stock Exchange.

Commenting on the development, Mphasis Chief Executive Officer and Executive Director Nitin Rakesh said, “We are witnessing good momentum in our sales pipeline and in next-generation services across direct core and DXC/HPE business. The Blackstone portfolio companies offer us additional tailwinds to accelerate growth and we are on our execution path. Our size is our advantage; it gives us agility as well as scale to deliver.”

The company booked order of USD 365 million or about Rs 2,300 crore in 2016-17, of which USD 90 million or around Rs 500 crore worth orders were booked in January-March.

The gross revenue of the company declined by 2.9 per cent to Rs 1,473.2 crore during the reported quarter from Rs 1,516.7 crore in the same period a year ago.

For year ended March 31, Mphasis posted 25.3 per cent jump in its net profit at Rs 791.6 crore compared to Rs 631.5 crore at the end of 2015-16.

The gross annual revenue of Mphasis declined by 1.1 per cent to Rs 5,997.4 crore for 2016-17, compared to Rs 6,066.9 crore at the end of previous fiscal. Meanwhile, shares of the company were trading at Rs 584.80 apiece, up 2.06 per cent from the previous close at 12:53 hours on BSE.

Whirlpool of India Q4 net up 7.4% at Rs 74.38 cr

16/05/2017 17:28

Leading home appliance company Whirlpool of India Ltd on Tuesday reported a rise of 7.4 per cent in its standalone net profit after taxes (PAT) at Rs 74.38 crore for the fourth quarter ended March 31, 2017.

“The standalone PAT of the company stood at Rs 69.28 crore during the same period a year ago,” said Whirlpool of India Ltd in a filing to the Bombay Stock Exchange on May 16, 2017.

Further, the standalone total income of the company increased by 19.1 per cent at Rs 1,131.10 crore during Q4 2016-17, as compared to Rs 949.96 crore during the same period last year.

The company saw its net sales rose 19.2 per cent to Rs 1,114.29 crore during the quarter, against Rs 934.73 crore in the corresponding period of FY16.

The Board of Directors of the company has recommended a final dividend of Rs 3 per equity share of the face value of Rs 10 each (30 per cent) for the FY 2016-2017.

Meanwhile, shares of the company closed at Rs 1,192.65 apiece, down 2.69 per cent, from previous close on BSE.

Bharti Airtel down 1.5% ahead of Q4 result

Bharti Airtel down 1.5% ahead of Q4 result

09/05/2017 11:58

Shares of Bharti Airtel witnessed selling pressure in early trade on the Bombay Stock Exchange as investors remained cautious ahead of the fourth quarter earnings report slated to be released later in the day.

Ahead of Q4, shares of the company declined as much as 1.65 per cent to hit intra-day low of Rs 345.20 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 345.65 against previous close price of Rs 351.25.

In a similar fashion, stocks of firm were trading 1.55 per cent lower at Rs 345.85 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 29,944.85, up 18.70 points or 0.06 per cent, at 11:55 hour.

ICICI Bank Q4 cons net jumps nearly 5-times to Rs 2,082.75 cr

ICICI Bank Q4 cons net jumps nearly 5-times to Rs 2,082.75 cr

04/05/2017 13:08

ICICI Bank, the country’s largest private sector lender, on Wednesday reported nearly 5 times jump in its consolidated net profit to Rs 2,082.75 crore during the January-March quarter of 2017-18, helped by increase in net interest income and lower provisions.

“The lender had posted consolidated net profit of Rs 406.71 crore in the corresponding quarter of previous fiscal, said ICICI Bank in a filing to Bombay Stock Exchange.

The consolidated total income of bank rose marginally to Rs 28,603.29 crore in Q4 FY17 from Rs 28,216.78 crore in Q4 FY16.

On the standalone basis, the bank has posted 189 per cent growth in its net profit at Rs 2,025 crore during the fourth quarter of 2016-17, as compared to Rs 702 crore in the same quarter of the previous year.

Net interest income (NII), the difference between revenues generated by interest-bearing assets and the cost of servicing (interest-burdened) liabilities, grew 10 per cent to Rs 5,962 crore from Rs 5,404 crore in the same period last year.

Non-interest income stood ta Rs 3,017 crore in Q4-2017, compared to Rs 2,978 crore, excluding gains of Rs 2,131 crore on sale of stake in insurance subsidiaries, in Q4-2016.

The year-on-year growth in domestic advances was 14 per cent, about eight per cent points higher compared to non-food credit growth for the banking system at March 31, 2017. Total CASA deposits increased by 28 per cent year-on-year to Rs 246,822 crore at March 31, 2017.

Provision and contingencies dipped to Rs 2,898 crore compared to Rs 3,326 crore in the same quarter last year.

During the quarter under review, the bank’s gross non-performing assets rose to 7.89 per cent of total loans, compared with 5.21 per cent in the year-ago quarter. Net NPA of the bank too grew to 4.89 per cent, against 2.67 per cent in corresponding period last year.

For FY 2016-17, the bank has posted net profit of Rs 9,801.09 crore as against total revenue of Rs 73,660.76 crore.

In a separate release, the bank has announced issue of bonus shares in the ratio of 1:10 i.e one equity share of Rs 2 each for every ten fully paid-up equity shares held (including ADS holders) as on the record date, subject to approval of the members of the company.

Besides, the board has also recommended a dividend of Rs 100 per preference share on 350 preference shares of the face value of Rs 1 crore each and dividend of Rs 2.50 per equity share of face value of Rs 2 each, subject to requisite approvals.

Boosted by strong Q4, shares of bank were trading at Rs 297.50 apiece, up 9.07 per cent, on the BSE at 13:15 hour.

Indiabulls Real Estate Q4 net rises 18.8% at Rs 79.81 cr

Indiabulls Real Estate Q4 net rises 18.8% at Rs 79.81 cr

28/04/2017 13:14

Indiabulls Real Estate Ltd reported a growth of 18.8 per cent in it’s consolidated net profit after taxes (PAT) at Rs 79.81 crore for the fourth quarter ended March 31, 2017.

The consolidated PAT of the company stood at Rs 67.16 crore during the corresponding period a year ago, Indiabulls Real Estate Ltd said in a regulatory filing to the BSE.

However, its consolidated total income fell by 25.8 per cent at Rs 545.15 crore during Q4 FY 17, as compared to Rs 735.07 crore during the same period last fiscal.

On full-year basis, it has posted a net profit of Rs 396.89 crore for the quarter ended March 31, 2017 as compared to Rs 296.06 crore for the quarter ended March 31, 2016. Total income has decreased from Rs 3,096.66 crore for the quarter ended March 31, 2016 to Rs 2,844.29 crore for the quarter ended March 31, 2017.

Meanwhile, shares of the company were trading at Rs 148.60 apiece, down 5.05 per cent, from previous close on BSE at 13:19 hours.

Network 18 Media Q4 cons net loss widens to Rs 33.32 cr

19/04/2017 15:14

Mumbai-based Network 18 Media & Investments on Wednesday saw business taking a dip in January-March quarter as its consolidated net loss widened to Rs 33.32 crore due to tepid ad-industry environment which dragged revenues, especially in regional markets.

“The company had posted consolidated net loss of Rs 24.99 crore in the corresponding quarter of previous fiscal, said Network 18 Media & Investments in a filing to Bombay Stock Exchange.

The total revenue from operation fell marginally by 4.41 per cent to Rs 434.50 crore in Q4 FY17 from Rs 454.59 crore in Q4 FY16.

For FY 2016-17, the company has posted consolidated net profit of Rs 233.44 crore as against total revenue of Rs 1,545.76 crore.

Commenting on Q4 earnings, Adil Zainulbhai, Chairman, stated: “The digital space in India continues to become more and more vibrant, as bottlenecks around connectivity and cost reduce substantially. We see the emergence of new formats and services, and rapidly-evolving business models; and aim to be at the forefront of this change. Our strength in linear media provides us the edge, helping us leapfrog in our aspiration to be a channel-agnostic provider of top-drawer content”.

Weighed down by Q4 numbers, shares of company were trading at Rs 40.05 apiece, down 0.62 per cent, from previous close on the BSE at 15:25 hours.

Siemens Q4 net jumps 11-fold to Rs 2466 cr on divestment gain

Siemens Q4 net jumps 11-fold to Rs 2466 cr on divestment gain

23/11/2016 15:33

Siemens Ltd, an arm of Siemens AG in India, on Wednesday reported a sharp turnaround in its standalone net profit for the July-September quarter of FY16, mainly on account of stake sale in healthcare undertaking. It has registered a jump of 11-fold in its standalone net profit after taxes (PAT) at Rs 2,466.95 crore.

“The standalone net profit of the IT firm stood at Rs 219.13 crore during the same period a year ago,” Siemens Ltd said in a filing to the Bombay Stock Exchange on November 23, 2016.

It’s standalone total income, however, witnessed a fall of 5.4 per cent at Rs 3,158.84 crore during Q4 2016-17, as compared to Rs 3,340.23 crore during the same period a year ago.

“During the financial year, it has completed the sale and transfer of its healthcare undertaking, as a going concern on a slump sale basis, for a sale consideration of Rs 3,050 crore, to Siemens Healthcare Pvt Ltd, a subsidiary of Siemens AG,” the company said in a statement.

The healthcare undertaking contributed Rs 1,251.34 crore to the total income from operations of the company up to June, 30, 2016, it added.

Commenting on the performance, Siemens Ltd, MD & CEO, Sunil Mathur said, “The company’s overall performance was good. The company delivered strong order growth which will improve revenue growth in the years ahead. Major orders came from Railways and Transmission projects, though all our businesses performed well in the current market conditions.”

The company said that, it had registered 19.4 per cent higher new orders at Rs 12,064.02 crore, during FY 2016 ended September 30, 2016, compared to Rs 10,107.49 crore in FY 2015.

The company’s board has recommended a final dividend of Rs 6 per equity share of Rs 2 each (300 per cent) for the FY ended September 30, 2016, which together with the special dividend (interim dividend) of Rs 27.50 per equity share paid in August 2016, aggregates to a dividend of Rs 33.50 per equity share for FY 2015-16.

Meanwhile, shares of the company closed at Rs 1,049 apiece, down 2.48 per cent, from previous close on BSE.

Tata Motors surges nearly 7% on robust Q4 earnings

Tata Motors surges nearly 7% on robust Q4 earnings

31/05/2016 11:33

Shares of Tata Motors rose nearly 7 per cent on Bombay Stock Exchange (BSE) after the auto major reported robust earnings for the quarter ended March 31, 2016. For the March 2016 quarter consolidated profit after tax surged over 200 per cent to Rs 5,177 crore against Rs 1,717 crore in the corresponding quarter last fiscal. Consolidated revenues (net of excise) rose 19 per cent to Rs 80,684 crore compared with Rs 67,778 crore in the quarter ended March 31, 2015. Reacting to the news, shares of the company gained 6.97 per cent to Rs 449.85 a piece on BSE. Shares of the company surged 6.64 per cent to Rs 449.20 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,647.91, down 77.69 points, or 0.29 per cent at 11.20 hours.

Hindalco Q4 net rises over 2-fold to Rs 356 cr

Hindalco Q4 net rises over 2-fold to Rs 356 cr

30/05/2016 13:59

Aluminum maker Hindalco Ltd has reported that its standalone net profit more than doubled to Rs 356 crore in the fourth quarter ended March 31, 2016 from Rs 160 crore in the same period a year ago even as sales dipped.

Net sales fell by 7.33 per cent at Rs 8,543 crore in Q4 FY 2015-16 from Rs 9,219 crore a year ago, Hindalco Ltd said in a filing to the Bombay Stock Exchange (BSE).

The fall in revenue last quarter was attributed to a sharp decline in aluminum and copper realizations with average LME prices (USD) for aluminum and copper lower by 16 per cent and 20 per cent respectively as compared to the previous year, Hindalco said.

Total expenses fell by 10.5 per cent at Rs 7,842 crore in Q4 FY 2015-16 from Rs 8,761 crore in the same period a year ago.

Other income fell by 11.3 per cent at Rs 204 crore in Q4 FY 2015-16 from Rs 230 crore in the same period a year ago.

Finance costs climbed by 23 per cent at Rs 575 crore in Q4 FY 2015-16 from Rs 466 crore in the same period a year ago.

Shares of Hindalco jumped by 11.7 per cent to Rs 102.6 apiece at 13:52 PM IST at the BSE on Monday as traders gave thumbs up to the company’s Q4 earnings results.