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April 24, 2024 / 11:06 pm IST Q4 Results 2024 Highlights: Dalmia Bharat net profit down 47% to Rs 320 crore - 47.5% decline in consolidated net profit to Rs 320 crore vs Rs 609 crore in January-March period - Decline in profit attributed to drop in prices - Revenue from operations up 10% to Rs 4,307 crore as against Rs 3,915 crore in the year-ago period - Total expenses during the quarter under review at Rs 4,075 crore, an increase of 13.04% Axis Bank's Q4 net profit soars to Rs 7,130 crore from last year's loss of Rs 5,762 crore. Net interest income (NII) rises to Rs 13,089 crore, up 11.47% from the previous year's Rs 11,742 crore. Gross non-performing asset (NPA) drops to 1.43% from last year's 2.02%, while net NPA stands at 0.31% compared to 0.39% in the year-ago period. HUL's standalone net profit drops 6% to Rs 2,406 crore while revenue in the key segment, beauty and personal care, experiences a 2.7% decrease. Sales show a marginal increase, reaching Rs 14,693 crore. Additionally, the FMCG firm announces a dividend of Rs 24 per share. Q4 Earnings 2024 LIVE: Follow Moneycontrol's live news blog for updates on the Q4 performances of the companies that are scheduled to announce their results today Moneycontrol.com April 24, 2024 / 10:55 PM IST
The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com April 24, 2024 / 10:54 PM IST
IndusInd Bank Q4 results are scheduled for announcement on April 25, 2024 Net profit expected to grow by 11% YoY to Rs 2,261 crore, backed by healthy interest income, as per average estimate of five brokerages Net interest income likely to rise by 18% YoY to Rs 5,496 crore due to robust credit growth Read details here April 24, 2024 / 10:34 PM IST
- Net profit increased 6% to Rs 189 crore from Rs 179 crore a year ago - Income dropped to Rs 933 crore from Rs 1,017 crore YoY April 24, 2024 / 09:33 PM IST
April 24, 2024 / 08:48 PM IST
- 47.5% decline in consolidated net profit to Rs 320 crore vs Rs 609 crore in January-March period - Decline in profit attributed to drop in prices - Revenue from operations up 10% to Rs 4,307 crore as against Rs 3,915 crore in the year-ago period - Total expenses during the quarter under review at Rs 4,075 crore, an increase of 13.04% April 24, 2024 / 08:27 PM IST
- 29.36% growth in consolidated profit after tax to Rs 438.33 crore vs Rs 338.84 crore in the year-ago period - Total income rose to Rs 1,951.46 crore from Rs 1,654.54 crore in the corresponding period of the previous year - Total expenses increased to Rs 1,416.77 crore as against Rs 1,254.52 crore a year ago April 24, 2024 / 07:47 PM IST
Profit at Rs 343 crore vs Rs 198 crore in the year-ago period, up 73% YoY Total income surges to Rs 560.57 crore from Rs 388.03 crore in the year-ago period April 24, 2024 / 07:41 PM IST
Realty firm Macrotech Developers reported an 11% decline in consolidated net profit to Rs 665.5 crore in the March quarter. Total income grew to Rs 4,083.9 crore in the quarter under review from Rs 3,271.7 crore in the year-ago period April 24, 2024 / 06:23 PM IST
- Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), reported 39% drop in March quarter net profit on lower prices and foreign exchange loss - Consolidated net profit of Rs 627.89 crore in January-March FY24 lower than Rs 1,012.81 crore earning in the same period last year - The profit was up 71% when compared with Rs 365.3 crore earning in December quarter - Revenue from operations lower at Rs 20,822.95 crore as against Rs 21,350.05 crore in January-March FY23 April 24, 2024 / 06:20 PM IST
- IT company LTIMindtree reported a 1.2% decline in consolidated net profit to Rs 1,100.7 crore for the March quarter. The company had posted a net profit of Rs 1,114.1 crore in the year-ago period - Revenue from operations at Rs 8,892.9 crore, up 2.32% from Rs 8,691 crore in the year-ago period April 24, 2024 / 06:20 PM IST
Rohit Jawa, CEO HUL after the announcement of the FMCG firm's Q4 earnings said: - We need to do more work in the skin cleansing segment. - We are investing more in digital advertising. Advertising spends on traditional media as a percentage of A&P spends is going down. April 24, 2024 / 05:55 PM IST
HUL's CFO Ritesh Tiwariafter the announcement of the FMCG firm's Q4 earnings said: - We would be investing behind high growth demand spaces like suncare, facial cleansing and serums. - EBITDA margin delivery for the quarter is at a healthy level of quality despite headwinds. - For the entire FMCG market, rural is yet to outperform urban -Pricing growth will not be seen in the short -term for FMCG universe. April 24, 2024 / 05:16 PM IST
Key points from HUL CEO & MD, Rohit Jawa's statement: Resilient Performance: In FY24, HUL achieved a 3% Underlying Sales Growth (USG) and surpassed the milestone of Rs 10,000 crores in Net Profit. '+convertedDate(dataElem.time)+' " + dataElem.post.source + " " + dataElem.post.title + " " + dataElem.post.content + "... Read More "+convertedDate(dataElem.time)+" " + dataElem.post.source + " " + dataElem.post.content +"... Read More "+convertedDate(dataElem.time)+" " + dataElem.post.source + " " + dataElem.post.content + "Q4 Results 2024 Highlights: Decline in Dalmia Bharat's profit is attributed to drop in prices.
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Q4 Results 2024 LIVE Updates: HUL CEO Rohit Jawa emphasizes focus on skin cleansing segment
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Focus on Operational Excellence: The company remains committed to driving operational excellence and has been successful in rebuilding gross margins. Investments in brands and long-term capabilities have been increased.
Optimism for Future Demand: Jawa expresses optimism regarding the gradual improvement of consumer demand, citing expectations of a normal monsoon and better macro-economic indicators.
Confidence in FMCG Sector: With increasing affluence, under-indexed FMCG consumption, and a robust digital infrastructure, Jawa remains confident in the medium to long-term potential of the Indian FMCG sector.
'Transform to Outperform' Strategy: HUL has initiated a strategic journey titled 'Transform to Outperform', focusing on key thrusts of Growing our Core through Unmissable Brand Superiority, Market making and Premiumisation, Re-shaping our portfolio to high growth spaces and Leadership in Channels of future" + dataElem.post.title + "
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