Stocks in news: NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, Narayana Hrudayalaya
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Indian benchmarks equity indices closed flat on Friday, but logged their best week since early February, driven by gains in and metal . In today's trading session, shares of , , , , and among others will be in focus due to various news developments and .NTPC
NTPC reported a consolidated of Rs 6490 crore in Q4 of FY24, up 33% from Rs 4871 crore in the year-ago period. The profit of the company improves amid higher electricity generation and a spike in power demand. from operations in the March quarter was Rs 47,622 crore, rising 7.6% from Rs 44,253 crore reported last year.
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Sun TV Network reported a 9% increase in consolidated net profit of Rs 415 crore for the fourth quarter ended March 31, 2024, as against Rs 380 crore for the same period last year. Revenue increased by 14% to Rs 961 crore in Q4 FY24 as against Rs 840 crore in Q4 FY23.
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Cochin Shipyard
Shipyard reported multi-fold growth in its consolidated net profit to Rs 259 crore for the March 2024 quarter on account of higher income. The company's total income rose to Rs 1,366 crore from Rs 671 crore in January-March FY23.
Karnataka Bank
Karnataka Bank's net profit for the March quarter fell 23% to Rs 274 crore against Rs 354 crore owing to lower net interest income and higher staff and other expenses.
Bosch reported a 41.8% year-on-year (Y-o-Y) growth in consolidated net profit at Rs 564.4 crore for the quarter that ended on March 31, 2024 (Q4FY24), driven by demand for passenger cars and the consumer goods product segment.
Narayana Hrudayalaya
Narayana Hrudayalaya reported a 17.7% rise in March quarter consolidated net profit at Rs 195 crore, from Rs 165 crore in the year-ago period. Revenue grew by 4.7% from last year to Rs 1,279.4 crore, from Rs 1,221.5 crore in the same period a year ago.
The Chennai-headquartered NBFC saw its PAT (excluding exceptional items) increase by 23% to Rs 1,334 crore in FY24 from Rs 1,088 crore in FY23. This growth was driven by strong net interest income and disbursements. Net interest income grew by 17% in FY24.
Hindustan Copper
Hindustan Copper's consolidated net profit decreased 5.61% to Rs 124.75 crore in Q4 FY24 as compared with Rs 132.17 crore posted in Q4 FY23. Revenue from operations rose marginally on a YoY basis to Rs 565.37 crore in the quarter ended 31 March 2024.
Kolte-Patil Developers reported a net consolidated loss after tax of Rs 26.18 crore during the quarter ended March 31, 2024. It had registered profit after tax of Rs 121.33 crore in the corresponding quarter of the previous fiscal.
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Sun TV Network reported a 9% increase in consolidated net profit of Rs 415 crore for the fourth quarter ended March 31, 2024, as against Rs 380 crore for the same period last year. Revenue increased by 14% to Rs 961 crore in Q4 FY24 as against Rs 840 crore in Q4 FY23.
Read more:
Cochin Shipyard
Shipyard reported multi-fold growth in its consolidated net profit to Rs 259 crore for the March 2024 quarter on account of higher income. The company's total income rose to Rs 1,366 crore from Rs 671 crore in January-March FY23.
Karnataka Bank
Karnataka Bank's net profit for the March quarter fell 23% to Rs 274 crore against Rs 354 crore owing to lower net interest income and higher staff and other expenses.
Bosch reported a 41.8% year-on-year (Y-o-Y) growth in consolidated net profit at Rs 564.4 crore for the quarter that ended on March 31, 2024 (Q4FY24), driven by demand for passenger cars and the consumer goods product segment.
Narayana Hrudayalaya
Narayana Hrudayalaya reported a 17.7% rise in March quarter consolidated net profit at Rs 195 crore, from Rs 165 crore in the year-ago period. Revenue grew by 4.7% from last year to Rs 1,279.4 crore, from Rs 1,221.5 crore in the same period a year ago.
The Chennai-headquartered NBFC saw its PAT (excluding exceptional items) increase by 23% to Rs 1,334 crore in FY24 from Rs 1,088 crore in FY23. This growth was driven by strong net interest income and disbursements. Net interest income grew by 17% in FY24.
Hindustan Copper
Hindustan Copper's consolidated net profit decreased 5.61% to Rs 124.75 crore in Q4 FY24 as compared with Rs 132.17 crore posted in Q4 FY23. Revenue from operations rose marginally on a YoY basis to Rs 565.37 crore in the quarter ended 31 March 2024.
Kolte-Patil Developers reported a net consolidated loss after tax of Rs 26.18 crore during the quarter ended March 31, 2024. It had registered profit after tax of Rs 121.33 crore in the corresponding quarter of the previous fiscal.
Source: Stocks-Markets-Economic Times
