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 Bajaj Finserv, HCL Technologies, Shriram Finance, Maruti Suzuki, and Mahindra Holidays & Resorts among others. Meanwhile, the street also kept a watch on how stocks are performing for the companies that have already released their earnings for the period.
The week will witness announcements from the likes of Adani Total Gas, Exide Industries, Indian Oil Corporation, Indus Towers, Adani Energy Solutions among many others.
Q4 Results 2024 Updates : Ultratech Cements, Trent, KPIT Tech released Q4 results.
On Saturday, IDFC First Bank posted its Q4FY24 net profit at Rs 724 crore, a fall of 10% year-on-year (y-o-y), primarily due to lower trading gains and higher provisions in the reporting quarter. The net profit was lower than the Bloomberg consensus estimate of Rs 756 crore for Q4.
“Net Profit for Q4FY24 stood at Rs 724 crore as compared Rs 803 crore in Q4FY23. The PAT for Q4FY23 was Rs 701 crore excluding one-time items already called out in Q4FY23,” the lender said in a release.