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 Adani Green Energy, Britannia Industries, Godrej Properties, JSW Infrastructure, MRF, Raymond, Titan, Tata Tech, Mangalore Refinery & Petrochemical, Inox Wind, Aarti Drugs, and Coforge 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 Kotak Mahindra Bank, Avenue Supermarts, IDBI Bank, M&M Financial Services, CDSL among many others.
Q4 result today: Adani Green Energy, Titan, MRF, and more will announce earnings
The company’s jewellery business’ total income rose 19% on year to Rs 8,998 crore in Q4 FY24.
Tanishq, one of the brands of Titan, added a new store in Dubai and Chicago, USA making the company’s total international stores footprint to 16 stores. During the quarter, Tanishq opened 11 new stores in India; Mia added 16 new stores.
Titan’s watches & wearables business segment recorded a total income of Rs 940 crores in the January - March quarter of FY24, up 8% year-over-year from Q4FY23. The domestic business grew 9% in the same period.
"FY24 was yet another satisfying year for Titan. Our Jewellery business continued to grow in prominence achieving a proud milestone of "!;40,000+ crores in consumer sales. Together our brands of Tanishq, Mia, Zaya and Caratlane are meaningfully innovating and offering the best variety of choices for the discerning woman of tomorrow. Our Wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon. The EyeCare business has re-calibrated itself in this year of consolidation and has launched exciting new product launches for the fashion-conscious youth . Taniera's expansions are gathering pace, and their stores are accessible across the length and breadth of the country. Through their 'Weavershalas' initiative, the brand is assiduously striving to protect traditional heirloom methodologies whilst embracing modernity practices. As we look forward to FY25, all businesses ofTitan Company Limited are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers," said CK Venkataraman, Managing Director of Titan.
Tanishq, one of the brands, added a new store in Dubai and Chicago, USA making the company’s total international stores footprint to 16 stores.
Titan's total income for the whole year (FY24) stand at Rs 47,501 crore, an increase of 23% on year from FY23.
Aarti Drugs' revenue from operations declined to Rs 559.53 crore compared to Rs 699.41 crore it posted in the same period a year ago.
Aarti Drugs' net profit in Q4 FY24 decline to Rs 36.14 crore from Rs 53.17 crore it posted in the same period a year ago.
The company's revenue in Q4 FY24 grew to Rs 11,407 crore from Rs 9,808 crore it reported in Q4 FY23.
The company reported a net profit of Rs 786 crore in Q4 FY24, up 7% year-over-year, compared to Rs 734 crore in Q4 FY23.
The board has recommended a Dividend of~ 11.00 per Equity Share oft 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 40th Annual General Meeting, subject to the approval of the shareholders of the Company.
Tata Tech Q4
Q4FY24 PAT Rs 80 crore Vs Rs 103.45 cr in Q4FY23
Q4FY24 PAT Rs 80 crore Vs Rs 94.07 cr in Q3FY24
Tata Tech Q4
Q4FY24 total income at Rs 724.89 crore Vs Rs 779.31 crore in Q4FY23
Q4FY24 total income at Rs 724.89 crore Vs Rs 712.21 crore in Q3FY24
Tata Tech Q4
Re-appointment of Warren Harris as CEO and Managing Director for 3 years and 6 months with effect from September 9, 2024 to March 8, 2028.
Tata Tech board recommend a final dividend of Rs 8.40 and special dividend of Rs. 1.65 per Equity share of Rs. 2 each of the Company for FY24
The company reported a net profit of Rs 109.36 crore for the quarter ending March, against Rs 78.68 crore in Q4 FY23.
"Dividend for the financial year 2023-24 @ 20%, i.e., Rupee 0.20/- per equity share of face value Re.1/- each, out of the Profits of the Company for the financial year 2023-24, which shall be paid, subject to the approval of the shareholders in the ensuing annual general meeting or other authorities, wherever required. The Dividend for the financial year ended March 31, 2024, if declared, at the ensuing annual general meeting, will be paid to the shareholders, within 30 days from the date of declaration," said the company.
The company' revenue from operations grew to Rs 1,096.38 crore in Q4 FY24 from Rs 915.30 crore in Q4 FY23, up 19.8% on year.
The company clocked a net profit of Rs 329.08 crore in Q4 FY24, compared to Rs 302.26 crore in Q4 of FY23, up 8.87% on year.
"Recommended dividend of Rs. 0.55/- per Equity Share of Rs. 2/- (27.5%) to the Members of the Company for declaration at the forthcoming Annual General Meeting," said the company.
“I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals vis Lifestyle, Real Estate & Engineering business that are future growth engines which is in line with India’s vision of Viksit Bharat,” Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said.
"In Q4FY24, the company recorded a total booking value of Rs 840 crore, primarily driven by the successful launch of 'The Address by GS, Bandra,' which received overwhelming response with approximately 62% of the launched inventory sold within 40 days," said the company in a press release.
In FY24, Raymond recorded its highest-ever annual revenue of Rs 9,286 crore, up 11% on year, compared to Rs 8,337 crore it posted in financial year 2022-23.
The company reported a record annual EBITDA of Rs 1,575 crore in Q4 FY24 and EBITDA margins at 17% with growth of 19% Vs last year.
The company recorded a revenue of Rs 2,608.50 crore in Q4 of FY24, compared to Rs 2,150.18 crore in Q4 FY23, up 21.3% on year.
Raymond announces a dividend of Rs 10 per equity share. "The board of directors have recommended payment of a dividend of 100 % on the equity share capital i.e. Rs 10 per equity share of the face value of Rs 10 (Rupees Ten) each for the financial year ended March 31, 2024, subject to approval of the shareholders at the ensuing 99th annual general meeting. The dividend, if approved by the shareholders will be paid on or after June 26, 2024," said an exchange filing.
The company has given a guidance of 27,000 crore booking value in F25, while it reported a booking value of Rs 22,527 crore in FY24, a jump of 161% from its FY24 guidance of 14,000.
The company has recorded a net profit of Rs 396.11 crore, up 16.3% on year in Q4 FY24, against Rs 5,841.72 crore.
The board of directors have recommended a final dividend of Rs 1941 - (1940%) per share of Rs 10 each. The company has already declared and paid two interim dividends of Rs 31- (30%) each-per share for the financial year ended March 31, 2024. The total dividend for the financial year ended March 31, 2024 works out - to Rs 2001 - (2000%) per share of Rs.10 each .