Page 10 - Q4 Results

Hero MotoCorp Q4 net drops 30% to Rs 621 cr on weaker volumes

Hero MotoCorp on Tuesday said its consolidated profit after tax (PAT) declined by 30 per cent to Rs 621 crore for the fourth quarter ended March 2022 on account of lower sales. The country's largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations declined to Rs 7,497 crore as against Rs 8,690 crore in the fourth quarter of FY21, Hero MotoCorp said in a regulatory filing. The company's total sales in the fourth quarter of FY22 stood at 11.9 lakh units, a drop of 24 per cent from 15.68 lakh units in the year-ago period. For the 2021-22 fiscal, the company reported a consolidated PAT of Rs 2,329 crore, down 21 per cent from Rs 2,936 crore in 2020-21. Revenue from operations dropped to Rs 29,551 crore from Rs 30,959 crore in FY21. "With the economy picking up, we expect the demand for motorcycles and scooters to see a positive turnaround in the coming months. While concerns related to high input costs contin

Tata Steel Q4 net jumps 37% to Rs 9,835 cr on account of higher income

Tata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022, mainly on account of higher income. The steel major had reported a net profit of Rs 7,161.91 crore in the year-ago quarter, it said in a BSE filing. During January-March 2022, Tata Steel's total income jumped to Rs 69,615.70 crore from Rs 50,300.55 crore earlier. Total expenses rose to Rs 57,635.79 crore from Rs 40,102.97 crore in the January-March period of 2020-21.

IDBI Bank net profit rises 35% to Rs 691 crore in fourth quarter

For FY22, the net profit rose 79 per cent to Rs 2,439 crore from Rs 1,359 crore in the previous financial year

HDFC's net profit up 16% at Rs 3,700 cr in Q4; beats street estimates

Net interest income of the lender increased by 14 per cent to Rs 4,601 crore in Q4FY22, aided by higher loan growth

Britannia Industries net profit up 4.3%, but margins under pressure

The cost of raw material consumed in the quarter was up 21.3 per cent to Rs 1,858.7 crore

Adani Wilmar net profit declines 26% to Rs 219.2 crore in March quarter

Its food and FMCG portfolio stood at 0.64 MT in FY22, compared with 0.47 MT in FY21, registering a growth of 34 per cent

Mahindra Finance net profit up over two-fold at Rs 629 crore in Q4

Mahindra & Mahindra Financial Services (Mahindra Finance) on Monday reported an over two-fold increase in consolidated net profit at Rs 629 crore for the quarter ended March 2022 as a drop in bad loans helped in credit cost reversal. The company's net profit stood at Rs 219 crore in the same quarter a year ago. Total income during the January-March period of 2021-22, however, declined by 5 per cent at Rs 2,897 crore, as against Rs 3,038 crore in the year-ago quarter, the company said in a release. On standalone basis, the net profit in the March quarter of FY22 rose to Rs 601 crore from Rs 150 crore in Q4 FY21. A reduction in GS-3 (gross stage 3 or gross NPAs) led to significant credit cost reversal, it said. "The gross stage 3 showed significant improvement from 11.3 per cent in December to 7.7 per cent in March, thereby releasing Rs 951 crore from the stage 3 provisions," it said. For the full year 2021-22, company's consolidated net profit jumped by 47 per cent to Rs 1,150 ...

Adani Wilmar Q4 profit down 26% to Rs 234 cr; income up 40% to Rs 15,023 cr

Edible oil major Adani Wilmar on Monday reported a 26 per cent decline in consolidated net profit at Rs 234.29 crore for the quarter ended March on higher tax expenses. The company had posted a net profit of Rs 315 crore in the year-ago period. In a regulatory filing, Adani Wilmar reported that its total income increased to Rs 15,022.94 crore during the January-March period of last fiscal from Rs 10,698.51 crore in the corresponding period of 2020-21. During the full 2021-22 financial year, the company's net profit rose to Rs 803.73 crore from Rs 728.51 crore in the previous fiscal. Total income grew to Rs 54,385.89 crore as against Rs 37,194.69 crore earlier. Adani Wilmar, which sells its cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani Group and Singapore-based Wilmar. The company recently got listed on the stock exchange after raising Rs 3,600 crore through an Initial Public Offer (IPO).

Alembic Pharma posts Q4 net of Rs 35 cr as India and US businesses grow

During the quarter, Alembic Pharma's US portfolio strengthened with the acquisition of the balance 40 per cent stake in Aleor Dermaceuticals

Bajaj Auto shares decline nearly 3% after company reports 20% decline in Q4

Shares of Bajaj Auto Ltd on Monday fell by nearly 3 per cent after the company reported a 20 per cent decline in total sales in April

Alembic Pharma reports consolidated PAT at Rs 35 cr in March qtr

Alembic Pharmaceuticals on Monday reported a consolidated profit after tax (PAT) of Rs 35 crore for the fourth quarter ended March 2022. The company said the PAT is post charging off non-recurring expense of Rs 188 crore. The drug firm had reported a PAT of Rs 251 crore in the January-March quarter of 2020-21 fiscal, Alembic Pharmaceuticals said in a statement. Revenue from operations rose to Rs 1,416 crore for the fourth quarter of 2021-22, compared to Rs 1,280 crore in the year-ago period. For the year ended March 31, 2022, the company reported a consolidated PAT of Rs 546 crore as against Rs 1,178 crore in 2020-21. Revenue from operations for the last fiscal also declined to Rs 5,306 crore from Rs 5,393 crore earlier. "India branded business continues to deliver strong market beating growth in Q4. India business witnessed market outperforming growth across most of the products and therapy areas," Alembic Pharmaceuticals Managing Director Shaunak Amin noted. The company said i

Britannia Industries quarterly profit rises 5% to Rs 377.95 crore

Britannia Industries Ltd on Monday reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 360.07 crore in the January-March quarter a year ago, it said in a BSE filing. Its total revenue from operations climbed 13.40 per cent to Rs 3,550.45 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,130.75 crore. Britannia Industries' total expenses were at Rs 3,085.45 crore in the fourth quarter o the last fiscal. On Monday, shares of Britannia Industries settled at Rs 3,264.60 on BSE, down 0.57 per cent from the previous close.

HDFC Ltd Q4 profit up 16% at Rs 3,700 cr; company approves Rs 30 dividend

The net interest income for the March quarter came at Rs 4,601 crore compared to Rs 4,027 crore in the previous year

Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

IDBI Bank posts 35% net profit at Rs 691 cr in Q4 as NPAs fall to 19.14%

IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions as NPAs came down.

IREDA profit jumps 83% to all-time high of Rs 634 cr in FY22

State-owned Indian Renewable Energy Development Agency (IREDA) has posted a historic all-time high profit of Rs 634 crore for 2021-22. This profit was 82.88 per cent higher as compared to the previous year's. Profit Before Tax (PBT) in 2021-22 was Rs 834 crore, higher by 46.41 per cent from 2020-21, a company statement said. The IREDA board approved the financial results for 2021-22 in a meeting held on Saturday while lauding the company's outstanding performance under challenging conditions. The loan book of IREDA, an NBFC under Ministry of New & Renewable Energy grew from Rs 27,854 crore as on March 31, 2021 to Rs 33,931 crore at March-end this year, registering a growth of 21.82 per cent. The company registered highest-ever loan sanction of Rs 23,921 crore , a growth of 117.44 per cent from the previous year's. The loan disbursement of Rs 16,071 crore is the highest in the company's history and a record increase by 82 per cent from the previous year. The net-worth of the ...

IDFC First Bank net profit jumps over two-fold to Rs 343 cr in March qtr

IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.

YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY

Provisions fell significantly to Rs 271 crore in Q4FY22 compared to Rs 5,113 crore in the year-ago period.

UltraTech Cement logs 48% YoY growth in Q4 net to Rs 2,620 cr, sales up 9%

Ebitda declined 16% YoY to Rs 3,165 cr, while Ebitda margins stood at 19.5% in Q4 versus 25.6% last year, as energy costs swelled in the period under review

Wipro logs 3.8% rise in Q4 profit; pegs FY23 revenue growth at 16-18%

The company said it saw a drop of 500 bps in attrition on a quarterly basis