Tag: results

Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.

Revenue from operations during the reporting period rose 8% year-on-year to Rs 3,927 crore, compared with Rs 3,618 crore in the previous year quarter. The board recommended a final dividend of Rs 7.75 per equity share (775%) for the financial year 2023-24. The dividend will be approved by the members within 30 days of its declaration.

ICICI Prudential saw a lower new business margin in Q4, hurt by a persistent decline in demand for high-value policies and as customer preferences shifted towards low-margin products. Value for new business (VNB), the expected profit from new policies, fell 19% to Rs 2,227 crore for the year ended March 31, dragging the VNB margin to 24.6% from 32% a year earlier.

The group said its first half operating profit would be \”sharply lower\” due to the revenue decline and its ongoing investment in its brands. Sales for the three months ending in March stood at 4.5 billion euros ($4.82 billion), down 10% on a comparable basis.

Simpson Manufacturing Company (SSD) has reported a mixed set of results for the first quarter of 2024. The company saw a slight decline in net sales, which totaled $530.6 million. Despite a relatively stable U.S. housing market, North American volumes grew by 8%, contrasting with a 3.4% decrease in European net sales.

Cadence Design Systems, Inc. (NASDAQ:CDNS) reported a robust first quarter in 2024, surpassing its own financial guidance with a total revenue of $1.009 billion. The company's strong performance is backed by significant design activity in key technology areas and a record backlog that positions it well for the future.

Novartis (SIX:NOVN) (NVSEF) shares surged 4.7% in European trading Tuesday after the Swiss pharmaceutical company's release of impressive first-quarter results.

(Reuters) – Shares of Tesla (NASDAQ:TSLA) edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.

RIL Q4 Results: Reliance Industries reported a 2% fall in net profit to Rs 18,951 crore for the March 2024 quarter. Revenue from operations surged 11% to Rs 2.4 lakh crore, with strong growth in EBITDA and various business segments.

Reliance Retail Q4 Results: RRVL reported strong financials with Q4 net profit at Rs 2,698 crore and revenue of Rs 67,610 crore. EBITDA increased, store footprint expanded, and total revenue crossed Rs 3 lakh crore.

\”About 80% of Wipro\’s revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion,\” said JM Financial\’s Abhishek Kumar.

Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.