Q4 Results 2024 LIVE Updates: Adani Enterprises, Coal India, Adani Ports & SEZ, Dabur India, Coforge, more to announce earnings today – Industry News

The company’s revenue from operations grew to Rs 2,358.5 for the quarter ending March FY24 from Rs 2,170 crore in the same period a year ago, up 8.68% on year.

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Coforge declared a net profit of Rs 229.2 crore in Q4 of FY24 from Rs 116.7 crore in Q4 of FY23, up 96.4% YoY.

The company has announced a dividend of Rs 19 per share. “The board has also declared a fourth interim dividend of Rs 19/- (Rupees Nineteen only) per equity share of the company the face value of Rs 10/- each fully paid up, for the financial year 2023-24. Further, in terms of regulation 42 of the SEBI listing regulations, the board has fixed May 15, 2024 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend,” said Coforge.

Adani Enterprises declares dividend of Rs 1.3 per equity share. “The board has recommended Dividend of Rs 1.30 (130%) per equity share of face value of Rupee 1 each fully paid up for the financial year 2023-24, subject to approval by shareholders of the company at the ensuing AGM,” said the company.

The company reported revenue from operations of Rs 29,180.02 crore, a growth of 0.8% on year in Q4 of FY24 Vs Rs 28,943.84 crore in the quarter ending March of FY23.

Adani Enterpirses’ net profit declined 55% on year in Q4 of FY24 standing at Rs 352.25 crore, against Rs 780.68 it reported in the same period a year ago.

The company’s revenue from operations grew over 5% on year in Q4 of FY24 standing at Rs 2,814.64 crore, against Rs 2,677.80 crore it reported in Q4 of FY23.

Dabur India declared a dividend of Rs 2.75 per equity share. “The board of directors of the company have recommended a final dividend of Rs 2.75 per equity share having face value of Rupee 1/- each (i.e. 275%) for the financial year 2023-24, for approval of members of the company in the ensuing annual general meeting.

information regarding book closure/ record date and dividend payment date will be

informed in due course of time,” said Dabur India in an exchange filing.

Dabur India‘s net profit stood at Rs 341.22 crore in the quarter ending March of FY24 Vs Rs 292.76 crore it reported a year ago in the same period, an increase of 16.5% on year.

Adani Port Board recommends dividend of Rs 6/- (@ 300%) per equity share of Rs 2

The ports major clocked a revenue from operations of Rs 6,896.50 crore, an increase of 19% year-over-year, compared to Rs 5,796.85 crore in the Q4 of FY23.

Adani Ports reports a net profit of Rs 2,014.77 crore in Q4 of FY24 Vs Rs 1,139.07 crore in the same period a year ago, a jump of 76% on year.

Fed Bank hits a 52-week high as the company clocks the highest-ever NII and robust asset quality. The bank’s gross NPA at the end of Q4 FY24 stood at Rs 4,528.87 crore, which as a percentage of gross advances stood at 2.13%. The net NPA and net NPA as a percentage of net Advances as of March 31, 2024, stood at Rs 1255.33 crore and 0.60% respectively. Provision Coverage Ratio excluding technical write-off off was 71.08%.

Federal Bank‘s net interest income stood at Rs 2,195.11 crore in the January – March period, an increase of 15% on year, compared to Rs 1,909.29 crore it reported in the same period a year ago.

Federal Bank‘s standalone net profit grew 0.40% in Q4 of FY24, standing at Rs 906.30 crore, against Rs 902.61 crore in the same period a year ago.

The bank has recommended a final dividend of Rs 1.2 per equity share. “The board of the bank has also recommended the payment of final Dividend of Rs 1.20 per equity share of the face value Rs. 2 each (60%) for the financial year 2023 24 subject to the approval of the shareholders at the ensuing annual general meeting of the bank,” said Federal Bank.

“We raise our estimates on revenue/EBITDA for FY26 by 6%/10% and factor in 8%/11% growth in revenue/PAT over FY24-26. We arrive at our target price of Rs 340, which implies an EV/tenancy ratio of Rs 2 million and an EV/EBITDA ratio of 5x. The stock has been up 75% year to date, and we believe most of the benefits are priced in at this valuation,” said Motilal Oswal on Indus Tower. The brokerage house has maintained its “Neutral” rating on the stock.

“Owing to the weak petchem performance recently, we cut our consolidated EBITDA/EPS estimates by 7%/21% for FY25 and by 3%/12% for FY26. We maintain our earnings assumptions for the refining and marketing segments. The stock trades at 12.4x consolidated FY26E EPS and 1.1x FY26E P/B. We reiterate our “Buy” rating on the stock, valuing it at 1.3x FY26E P/B,” said Motilal Oswal on Indian Oil Corporation.

While Lloyd’s revenue growth is subpar against its peers for 4Q of FY24 (Voltas reported 72%/35% volume growth in Q4FY24/FY24 respectively), it was compensated by better margin (+2.8% vs. -2.4% JMFe) on manufacturing efficiencies and mix (product, channel), without any pricing actions. “We revise our estimates by 8%/5% for FY25/26 respectively to reflect margin uptick. Maintain “Buy” with March FY25 target price of Rs 1,680, earlier Rs 1,580.