Sun Pharmaceutical
Sun Pharmaceutical is expected to report a 22% increase in earnings for Q4 of the fiscal year ending in March 2024, driven by robust sales of specialty drugs and the blockbuster generic cancer drug Revlimid. The company’s Q4 net profit is projected to reach ₹2,412.60 crore, up from ₹1,984.50 crore a year ago. Revenue is anticipated to grow by almost 12% to ₹12,241.25 crore, compared to ₹10,930.60 crore in the previous year. The high-margin, low-competition specialty segment continues to be a key growth driver.
Adani Ports & SEZ
Adani Ports & SEZ is gearing up for a significant expansion with a $3 billion fund aimed at increasing its global ports capacity. The group plans to boost its port capacity from 600 million metric tonnes per annum (MMT) to 800 MMT within the next two years, primarily through international acquisitions. The strategic goal is to increase the revenue contribution from international ports from 10% to 20-25% in the next three years.
Grasim Industries
Grasim Industries is expected to show impressive net profit growth year-on-year for Q4FY24, despite a projected decline in revenue due to lower volumes and realizations in its viscose staple fiber (VSF) and chemical divisions. The company’s standalone net profit is forecasted to rise 77% year-on-year to ₹159.30 crore, while revenue is expected to decrease by 5.8% to ₹6,356.30 crore from ₹6,750 crore in Q4FY23.
Gujarat State Fertilisers and Chemicals (GSFCL)
GSFCL reported a significant 89% drop in consolidated net profit to ₹24.43 crore for Q4FY24, attributed to poor sales performance. The company’s total income fell by 16.34% to ₹2,017.46 crore during the same period.
Indian Renewable Energy Development Agency (IREDA)
IREDA plans to launch a follow-on public offering (FPO) to raise funds for expanding its loan book, with a target to disburse over ₹30,000 crore in loans in FY25.
IRCON International
IRCON International reported a slight decline of 3.8% in consolidated net profit for Q4FY24, amounting to ₹246.8 crore. However, for the full fiscal year, the company saw a 19% increase in net profit, reaching ₹929 crore.
Bharat Heavy Electricals Limited (BHEL)
BHEL’s Q4FY24 net profit rose by 25.6% to ₹489.6 crore, with a marginal revenue increase of 0.4% to ₹8,260 crore. The company’s EBITDA grew by 30.6% to ₹728 crore. However, its consolidated net profit for the full fiscal year declined to ₹282.22 crore. The board recommended a final dividend of 12.50% or ₹0.25 per share.
Hitachi Energy India
Hitachi Energy India posted a remarkable 123.82% year-on-year increase in net profit for Q4FY24, reaching ₹113.7 crore. The company’s revenue from operations increased by 27.1% to ₹1,695.3 crore. At the operating level, EBITDA surged by 91.4% to ₹182 crore.
PI Industries
PI Industries reported a 31.7% year-on-year rise in net profit for Q4FY24, amounting to ₹369.5 crore. The company’s revenue from operations increased by 11.2% to ₹1,741 crore. EBITDA at the operating level rose by 29% to ₹441.8 crore.
Gulf Oil Lubricants India
Gulf Oil Lubricants India reported a 38.74% year-on-year increase in net profit for Q4FY24, reaching ₹86.2 crore. Revenue from operations grew by 9.8% to ₹869.6 crore, and EBITDA rose by 34% to ₹117.3 crore.
Coforge
Coforge launched a Qualified Institutional Placement (QIP) to raise up to ₹2,240 crore. The floor price for the QIP is set at ₹4,531 per share, which represents a 5.4% discount to the company’s closing price on Tuesday.
Interglobe Aviation (IndiGo)
IndiGo will announce its Q4 and full-year earnings on May 23. The airline, which recently placed a firm order for 30 A350-900s, is expected to report a profit between ₹7,000 crore and ₹7,400 crore, despite an increase in grounded planes. IndiGo saw a 15.5% growth in domestic departures and a 29.8% increase in international departures.
Apollo Tyres
White Iris Investment, a Warburg Pincus subsidiary, plans to sell a 3.5% stake in Apollo Tyres through a block deal to raise ₹1,040 crore, likely at a 4% discount to the current market price.
JK Tyre and Industries
JK Tyre and Industries reported a 56% rise in consolidated net profit for Q4FY24, reaching ₹169.33 crore. Revenue from operations increased by 1.8% to ₹3,698.45 crore.
Vodafone Idea
Vodafone Idea’s board has approved raising up to ₹2,075 crore through a preferential share issue to Oriana Investments, part of the Aditya Birla Group, at an issue price of ₹14.87 per share.
Trent
Trent’s subsidiary Zudio opened a record 203 new stores in FY24, entering 46 new cities. The company reported consolidated revenues of ₹12,375.11 crore and a profit of ₹1,477.46 crore for FY24.
Ramco Systems
Ramco Systems reported a net loss of ₹23 crore for Q4FY24. Revenue from operations increased by 4% to ₹131.2 crore. For the full year, global consolidated income was ₹529.9 crore.
Metropolis Healthcare
Metropolis Healthcare posted a 9.2% year-on-year rise in consolidated net profit for Q4FY24, reaching ₹36 crore. Revenue increased by 11% to ₹313 crore.
V2 Retail
V2 Retail plans to invest ₹50-60 crore in opening 40-50 new stores this fiscal year. The company reported a 40% growth in Same-Store Sales (SSG) for Q4FY24.
Bhilwara Technical Textiles
Bhilwara Technical Textiles reported a substantial year-on-year profit growth of 214.49%, reaching ₹3.1 crore, with revenue surging by 32.58%.
SpiceJet
The Delhi High Court has ordered SpiceJet to comply with a UK court’s directive to return two leased aircraft and three engines to TWC Aviation Capital. The next hearing is scheduled for May 31.
Arvind Fashions
Arvind Fashions reported a 39.09% increase in consolidated net profit for Q4FY24, reaching ₹39.67 crore, with revenue from operations up 3.66% to ₹1,093.85 crore.
Muthoot FinCorp
Muthoot FinCorp achieved its highest-ever loan disbursements in FY24, increasing by 18.6% to ₹61,703.26 crore. Consolidated net profit rose by 62% to ₹1,047.98 crore.
Welspun Enterprises
Welspun Enterprises reported a 45.4% decline in consolidated profit for Q4FY24, amounting to ₹77.67 crore. Consolidated income dropped to ₹866.70 crore from ₹916.46 crore a year earlier.
RateGain Travel Technologies
RateGain Travel Technologies reported a 112% increase in net profit for the full year, reaching ₹145.3 crore. For Q4FY24, net profit increased by 47% year-on-year to ₹50 crore, with revenue from operations up 40% to ₹256 crore.
