Key Q4 Results Updates: With the likes of Maruti Suzuki, Wipro, Bajaj Finserv Infosys, TCS, HCL Technologies, HDFC Bank, Shriram Finance, Jio Financial, Reliance Industries, Tata Consumer Products, HUL, Axis Bank, ‘Vedanta, Tech Mahindra, Bajaj Finance having already released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now full swing. Market Participants were today keen on the performance of players like ABB India, Bank of Baroda, Tata Motors, Cipla, Aarti Industries, Dilip Buildcon, Bank of India, Novartis India, and Kalyan Jewellers among others. Meanwhile, the street was also keeping a watch on how stocks were performing for the companies that have already released their earnings for the period.

The week will witness announcements from the likes of Godrej Consumer Products, DCM Shriram, The Bombay Dyeing Co., Aeroflex Industries, and Marico among many others.

Live Updates

Q4 earnings live: Tata Motors, BoB, ABB India, and 52 other companies will release results.

16:23 (IST) 10 May 2024
Q4 earnings today live updates | Tata Motor's consolidated net profit in Q4

The company's consolidated net profit rose to Rs 17,528.59 crore in Q4 of FY24 compared to Rs 5,496.04 crore posted in the same period a year ago.

15:55 (IST) 10 May 2024
Q4 earnings today live updates | Tata Motors' revenue in Q4

The company reported a standalone revenue of Rs 20,108.72 crore in Q4 of FY24 against Rs 19,961.61 crore in Q4 of FY23.

15:49 (IST) 10 May 2024
Q4 earnings live today | Tata Motors net profit declines in Q4

The company reported a standalone net profit of Rs 2,126.40 crore in Q4 of FY24 compared to Rs 2,695.56 crore reported in Q4 FY23.

15:47 (IST) 10 May 2024
Q4 earnings today live updates: Tata Motors declares dividend in Q4

"We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of ₹6.00 per Ordinary Share of ₹2 each (@ 300%) (₹3.00 normal dividend and ₹3.00 special dividend) and ₹ 6.20 per ‘A’ Ordinary Share of ₹2 each (@ 310%) (₹3.10 normal dividend and ₹3.10 special dividend) for the financial year ended March 31, 2024. The dividend, if declared at the AGM, shall be paid to the eligible shareholders on or before June 28, 2024," said the company in an exchange filing.

15:28 (IST) 10 May 2024
Q4 earnings today live updates | Bank of Baroda Q4

Bank of Baroda

-Q4FY24 NII at Rs 11,793 crore, up 2.3% YoY from Rs 11,525 crore

-Q4FY24 Net NPA ratio lower at 0.68% Vs 0.89% in Q4FY23, 0.70% in Q3FY24

15:26 (IST) 10 May 2024
Q4 earnings today live updates | Bank of Baroda FY24 NII

Bank of Baroda

-FY24 NII at Rs 44,722 crore, up 8.1% YoY from Rs 41,355 crore in FY23

-FY24 net profit at Rs 17,789 crore, up 26.1 YoY from Rs 14,110 crore in FY23

15:11 (IST) 10 May 2024
Q4 earnings today live updates: Cipla's MD and CEO on Q4

“I am pleased to share our performance for the year where we made substantial progress across our focused markets. In FY24, our revenues crossed the threshold of Rs 25,000 crore whereas operating margins significantly improved to cross Rs 6,000 crore for the very first time, growing at a healthy 14% on topline and 26% on profitability YoY. This was backed by One-India revenue breaching Rs 10,000 crore, North America revenue surpassing $900 million and South Africa reaching the top spot in the prescription market, with all three businesses growing in double digits over last year with improved profitability. As we enter into FY25, our focus will be on our priorities of market-leading growth in our key markets, growing big brands bigger, investing in the future pipeline as well as focusing on resolutions on the regulatory front,” said Umang Vohra, MD and Global CEO of Cipla.

14:58 (IST) 10 May 2024
Q4 earnings today live updates | Bank of Baroda net profit in Q4

The company clocked a net profit of Rs 4,886.49 crore in Q4 of FY24 against Rs 4,775.33 crore in Q4 in FY23.

14:56 (IST) 10 May 2024
Q4 earnings today live updates | Bank of Baroda declares dividend in Q4

"Recommended a dividend at Rs. 7.60/-(Rupees Seven and Paise Sixty only) per equity share (Face Value Rs.2/- each fully paid up) for the FY2023-24 subject to declaration / approval at the ensuing 28th Annual General Meeting," said the company.

14:40 (IST) 10 May 2024
Q4 earnings live updates | Cipla's net profit in Q4

The company's net profit in Q4 of FY24 grew to Rs 939.04 crore from Rs 525.65 crore in Q4 of FY23.

14:35 (IST) 10 May 2024
Q4 earnings live today: Cipla announces dividend in Q4

The company has declared a final dividend of Rs 13 per equity share. "Recommended payment of final dividend of Rs. 13 per equity share (face value of Rs. 2 per equity share) for the financial year ended 31st March 2024. The dividend, upon approval by the shareholders, will be paid within 30 days from the date of the Annual General Meeting. The record date for the purpose of payment of final dividend, if declared, shall be 2nd August 2024," sad the company in an exchange filing.

13:59 (IST) 10 May 2024
Q4 earnings today live updates | Dr Lal Pathlabs' net profit in Q4

The company’s net profit for the period in FY24 came in at Rs 85.8 crore against Rs 56.9 crore it posted in the same period a year ago.

13:58 (IST) 10 May 2024
Q4 earnings today live updates | Dr Lal Pathlabs' revenue in Q4

The company reported a revenue growth of Rs 545.4 crore in Q4 FY24 from Rs 491 crore recorded in the same period of the previous year.

13:47 (IST) 10 May 2024
Q4 earnings live today: Dr Lal Path Labs announces dividend in Q4

The board of Dr Lal Pathlabs recommended a final dividend of Rs 6 per equity share for the financial year ended March 31, 2024 subject to the approval of the shareholders at the ensuing annual general meeting (“AGM”) of the company. "The record date for the purpose of payment of final dividend shall be June 10, 2024," said the company in an exchange filing.

13:15 (IST) 10 May 2024
Prabhudas Lilladher on JSW Energy

"At the current market price, JSW is trading at 29x FY26E P/E and 13.5x FY26E EV/EBITDA. We maintain "Sell," given expensive valuations. We revise our estimates and arrive at a raised target price of Rs 420 (from Rs 381), on FY26E EV/EBITDA of 9x for its thermal business, and 11x EV/EBITDA for its renewable business. We ascribe an option value of Rs 34 /share for storage projects," said Prabhudas Lilladher on JSW Energy.

12:13 (IST) 10 May 2024
Prabhudas Lilladher on SBI post Q4

"Compared to PSU peers, SBI is better insulated to absorb RBI provision requirements relating on ECL & project financing as (1) buffer provisions are Rs323bn (2) project exposure at 3.3% is lower and (3) earlier ECL estimate of Rs300bn would be revised downward due to improved credit quality. We remain positive on SBI although valuation has touched 1.3x given recent run-up, which limits upside. Rolling forward to Mar’26 ABV, we tweak multiple to 1.5x and raise SOTP based target price to Rs 910 from Rs770, with a retaining "Buy," said Prabhudas Lilladher on State Bank of India after its January-March quarter of FY24.

11:47 (IST) 10 May 2024
Anand Rathi on SBI post Q4

"Healthy, 15.8% y/y, loan growth and strong non-interest income kept Bank of India’s Q4 robust. Overall asset quality was stable. The bank’s dominant market position, best-in-class management and strong digital abilities would aid in maintaining its market share while delivering healthy profitability. On the better loan growth and productivity, we raise our estimates. At our higher target price of Rs 942 per equity share, the stock would trade at 1.4x FY26e BV (earlier 1.2x FY26e BV). We value the subsidiaries at Rs170/sh and retain a "Buy," said Anand Rathi Research on State Bank of India post Q4 results.

11:18 (IST) 10 May 2024
Prabhudas Lilladher on Asian Paints

"We believe the success of Neo Bharat is a key factor to watch out for as it can boost its market and share at the bottom end like it happened post GST. We believe the next few quarters are key to gauging the impact of Birla Opus on markets and APNT. Although valuations have moderated to 45xFY26 EPS, it does not factor in any significant change in market dynamics and 2.8% EPS CAGR over FY24-26. We cut DCF based target price to Rs 2672 (44.3xFY26 EPS), (Rs2698 earlier) and retain "Reduce" rating on the stock," said Prabhudas Lilladher on Asian Paints after it released its earnings.

10:54 (IST) 10 May 2024
Alembic Pharma's Q4 result

Alembic Pharma reported a net profit of Rs 178 crore for the quarterly period ending March of FY24, an increase of 17% on year. The pharma company reported a net sales of Rs 1,517 crore in Q4 of FY24, a growth of 8% year-over-year.