Company / Zee Biz
The company's revenue from operations declined to Rs 747.21 crore from Rs 764.94 crore in the corresponding quarter of the previous year, a regulatory filing showed.
The total income increased to Rs 9,106 crore during the quarter under review as against Rs 6,622 crore in the same period last year, IOB said in a regulatory filing.Interest income grew to Rs 6,629 crore during the period under review from Rs 5,192 crore in the corresponding quarter a year ago.
The dividend was subject to the approval of shareholders at the company's upcoming Annual General Meeting (AGM), scheduled to take place on August 8.
HPCL earned $6.95 on turning every barrel of crude oil into fuel in the quarter against USD 14.01 per barrel gross refining margin a year back and USD 8.50 per barrel margin in the preceding quarter.
EBITDA (earnings before interest, taxes, depreciation, and amortization) dropped 19.4 per cent in the fourth quarter mainly because of the twin impact of falling refining margins and a pre-election petrol and diesel price cut despite rise in input (crude oil) prices.
BPCL in a regulatory filing informed that the final dividend would be paid within 30 days from the date of its declaration at the AGM. The Record Date for the final dividend will be intimated separately.
The city-based manufacturer of steering and suspension products recorded a consolidated net profit of Rs 9.5 crore during the corresponding quarter last year.
This is the companys third bonus issue. Earlier the company announced the issuance of bonus shares in the ratio of 1:2 in 2017 and before it in 2016 when the bonus share issue was decided in the ratio of 2:1.
In the corresponding period a year-ago, the bank reported net profit of Rs 16,694.51 crore.
Earlier, the company said that it would incorporate a subsidiary company in the UAE to undertake commercial investments. Sharingthe information, the company said that the proposal has been approved by its board.
HPCL has also announced a record date of its dividend i.e. August 09, 2024, according to the regulatory filing.The OMC has also announced its financial results for the fourth quarter ended on March 31, 2024.
According to the information provided, the company has already received the NOC of the Insurance Regulatory and DevelopmentAuthority of India.
The final approval by the US Food and Drug Administration (USFDA) is for Dapsone gel of strength 7.5 per cent, Zydus Lifesciences said in a regulatory filing.
Tata Motors Q4 result preview:The Tata Group company is likely to report a consolidated revenue of Rs 1,19,800 crore against Rs 1,05,932 crore year-on-year (YoY), up 13.1 per cent.
The company had posted a consolidated net profit of Rs 14.24 crore in the same quarter a year ago, Sula Vineyards said in a regulatory filing.Consolidated revenue from operations during the quarter under review stood at Rs 131.7 crore as against Rs 120 crore in the year-ago period, it added.
The Pune-based firm had posted a consolidated net profit of Rs 94 crore in the fourth quarter of FY23, according to a statement.Its net sales during the quarter under review rose 21 per cent to Rs 1,378 crore from Rs 1,141 crore a year ago, the company said.
Its total revenue from operations grew 1.87 per cent to Rs 2,134.28 crore during the quarter under review compared to Rs 2,094.99 crore in the year-ago period.
PEL also announced its merger into subsidiary company Piramal Capital and Housing Finance (PCHFL) to meet the RBI requirement around mandatory listing for top-tier financiers like it.The company said it aims to execute the transaction in up to a year by getting all approvals.
According to the filing, the investment will be done by subscribing to the right issue of equity shares made by the company in one or more tranches from time to time.
The Anaheim City Council voted unanimously Tuesday to approve the plan to transform Disney's 490-acre (488-hectare) campus in densely-populated Southern California by moving parking to a multi-story structure and redeveloping a massive lot with new entertainment and rides.
The amount of the individual settlement payments wasn't immediately specified.According to the FTC, payments will go to those who signed up and paid for services from a BetterHelp website which also covers offerings on platforms including MyTherapist, Faithful Counseling and Price Counseling between August 2017 and December 2020.
Bank of Baroda Market News: The RBI had imposed restriction on state-owned Bank of Baroda (BoB) on October 10, 2023 from onboarding new customers on its mobile app 'Bob World'.
The company's board also recommended a final dividend of Rs 8 per equity share of the face value of Rs 2 each (ie 400 per cent) for the financial year ended March 2024, subject to approval by shareholders at the ensuing annual general meeting (AGM).
BSE dividend 2024:The Bombay Stock Exchange has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.
In the fourth quarter, the company said its overall two-wheeler and three-wheeler sales, including exports, grew by 22 per cent to 10.63 lakh units compared to 8.68 lakh units in the same period of the 2022-23 fiscal.
The agreement envisages joint development of grid-connected renewable energy park and projects including solar, wind, hybrid etc. And/or solutions thereof up to 10 GW in Maharashtra.
At Zomato, it was crucial for us to have access to precise and real-time weather information to make the right business decisions to serve our customers better. Hence, we took it upon ourselves to develop a solution capable of empowering us on this front, co-founder and CEO Deepinder Goyal said.
The company had posted a consolidated net profit of Rs 40.46 crore in the same quarter of the previous fiscal, Bajaj Consumer Care said in a regulatory filing.Its consolidated total revenue from operations during the quarter under review stood at Rs 239.96 crore against Rs 249.42 crore in the year-ago period, it added.
Zee Business research estimates HPCL's EBITDA to see a sharp rise of 154 per cent to Rs 5,494 crore in the fourth quarter against Rs 2,164 core in the previous quarter. The PSU's margin, meanwhile, is estimated to soar to 4.69 per cent in the quarter under review compared to 1.9 per cent QoQ.
The tech company has also announced a record date i.e. June 20, 2024, according to the regulatory filing.L&T has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.
BPCL Q4 FY24 Results Preview: State-run Bharat Petroleum Corporation Ltd (BPCL) is slated to report its financial results for the quarter as well as the year ended March 31, 2024, on Thursday, May 9. Analysts expect the PSU OMC to stage a strong financial performance for the final three months of FY24 on the back of an improving gross refining margin (GRM).
EBITDA margin growth, however, is seen to remain steady on-year at 21 per cent due to higher ad-spends, even though the companys gross margin is expected to log growth.
Hero MotoCorp Q4 Results:New Delhi-headquarteredHero MotoCorp reported an 18.3 per cent jump in standalone net profit to Rs1,016.1 crore for the January-March period, with revenue growth of14.6 per cent.
Net interest income (NII), a difference between the income a bank realizes from its lending activities and the interest it pays to depositors, is also expected to log 6.3 per cent increase on year during the review period to Rs 10,100 crore. In Q4FY23, the banks NII was reported at Rs 9498.8 crore.
Balaji Amines 2024 dividend: Balaji Amines, a company which is specialised in manufacturing methylamines, ethylamines, derivatives of specialty chemicals, and pharma excipients, has also posted its financial results for the fourth quarter ended on March 31, 2024, along with a dividend of Rs 11 per equity share.
Tata Power Q4 FY24 Results Preview: Mumbai-headquarteredTata group power generation firm Tata Power is estimated to clock a 22 per cent year-on-year jump in consolidated net profit to Rs950 crore for the March quarter,according to Zee Business research.
Bharat Forge Q4 dividend:Bharat Forge has also posted its financial results for the fourth quarter ended on March 31, 2024, along with dividend announcement.
Godrej Properties, one of the leading real estate developers in the country, achieved the highest-ever annual collection of Rs 11,436 crore in FY24 with YoY growth of 27 per cent.
Zomato is currently available in 45 countries and receives around 2 lakh orders every day. Zomato competes with 'Swiggy', another big food delivery platform in the country. The company was listed on BSE and NSE on July 23, 2021.At 11.24 AM today, May 8, shares of Zomato were trading at Rs 193.95 each, up 1.20 per cent on BSE.
Bank of Baroda Q4 FY24 Results Preview: PSU lender Bank of Baroda is estimated to register a 2.4 per cent year-on-year decline in standalone net profit to Rs4,660 crore for the January-March period. The analysts estimate Bank of Baroda's net interest margin (NIM) for the fiscal fourth quarter at 3.0 per cent.
Pidilite Q4 FY24 Results: Mumbai-headquartered Pidilite Industries,whose popular brands include Fevicol, Dr Fixit and M-Seal, reported a more than 19 per cent increase in consolidated net profit to Rs364 crore for March quarter.
The court criticised the State Licensing Authority for not taking proactive measures to ensure compliance with the suspension orders, stressing that the onus is on them to enforce the suspension effectively.
Hero MotoCorp Q4 FY24 Results Preview: Hero MotoCorp, whosepopular models include Splendor Plus, HF Deluxe, Passion Plus and Pleasure Plus, is estimated to register a 20 per cent year-on-year increase in quarterly net profit, according to Zee Business research. Hero MotoCorp is scheduled to report its financial results on Wednesday, May 8.
United Breweries dividend: Simultaneously, UBL has also posted its financial results for the fourth quarter ended on March 31, 2024.
Simultaneously, the city gas distribution company IGL has also posted its financial results for the fourth quarter ended on March 31, 2024.
Gujarat Toolroom Q4 Results:Gujarat Toolroom Ltd (GTL)reported a multi-fold jump in consolidated net profit to Rs 50.29 crore for the March 2024 quarter, mainly due to higher income.
Dixon Technologies manufactures products for the consumer durables, lighting, and mobile phone markets in India.
The clean energy will be supplied to Asahi India Glass Limited (AIS) under a 20-year offtake agreement, the company said in a statement.
Last week, One97 Communications Ltd (OCL), which owns Paytm, announced plans to expand its leadership team to build a large and profitable payment and financial services distribution business.
Dr Reddy's Q4 Results:Hyderabad-based drug maker Dr Reddy's Laboratories (DRREDDY) reported a 36.3 per cent year-on-year jump in consolidated net profit to Rs1,307 crore for the January-March period, missing analysts' estimates.