Q4 Results

HUDCO profit rises 9% to `700 cr

New Delhi: State-owned HUDCO on Friday reported 9.54 per cent rise in consolidated net profit to Rs 700.16 crore for the quarter ended March 2024. Its net profit stood at Rs 639.14 crore in the year-ago period. Total income rose to Rs 2,194.04 crore in March 2024 quarter from Rs 1,862.41 crore a year ago, according to a regulatory filing. Net profit rose to Rs 2,116.69 crore in 2023-24 financial year from Rs 1,701.43 crore in 2022-23. Total income went up to Rs 7,948.10 crore from Rs 7,086.18 crore.

Suzlon Energy profit down 21% to `254 cr

New Delhi: Renewable energy solutions provider Suzlon Energy on Friday reported nearly 21 per cent decline in consolidated net profit to Rs 254 crore in the March quarter mainly due to certain exceptional items. The company reported a consolidated net profit of Rs 320 crore in the year-ago period, a BSE filing said. Total income rose to Rs 2,207.43 crore in the quarter from Rs 1,699.96 crore in the same period a year ago.

Bayer CropScience net profit drops 39.43%

New Delhi: Bayer CropScience Ltd, the Indian unit of German crop science group Bayer AG, has reported a 39.43 per cent slump in net profit to Rs 96 crore for the fourth quarter of the 2023-24 fiscal, hurt by lower income. The company had posted a net profit of Rs 158.5 crore a year earlier, a statement said. Its total income for the fourth quarter declined about 18 per cent to Rs 821.1 crore from Rs 1,003.2 crore in the year-ago period.

Shriram Life posts PAT at c158 cr

Chennai: Shriram Life Insurance has reported a profit after tax of Rs 158 crore for the financial year ending March 31, 2024. The company had registered a PAT of Rs 156 crore during the same period of last financial year. Total business premium for the year ending March 31, 2024 grew by 62 per cent to Rs 1,871 crore, as compared to Rs 1,152 crore registered last year. Individual new business premium grew by 39 per cent to Rs 938 crore as against Rs 675 crore in same period of last year, a company statement said here. The Assets Under Management in FY’24 rose to Rs 11,282 crore, witnessing a 25 per cent rise from Rs 9,012 crore in the year-ago period.

Sundram Fasteners reports profit at c134.41 cr

Chennai: Auto component maker Sundram Fasteners Ltd has reported its highest ever consolidated net profit for the March 2024 quarter at Rs 134.41 crore on account of strong operational performance. The Chennai-based company had registered consolidated net profit of Rs 127.47 crore, during the corresponding quarter of last year. For the year ending March 31, 2024 the net profit surged to Rs 525.64 crore, as compared to Rs 500.35 crore registered a year ago.

NIIT profit at `11.16 cr

New Delhi: Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing. Revenue from operations in the January-March quarter came in at Rs 74.34 crore, a 23.81 per cent jump from the year-ago period.

Ratnaveer Precision profit up 24% to `31 cr

New Delhi: Ratnaveer Precision Engineering on Friday posted nearly 24 per cent growth in FY24 net profit at Rs 31.04 crore, mainly on the back of higher revenues. The company had logged a net profit of Rs 25.03 crore in FY23, a statement said. Revenue stood at Rs 602.40 crore in FY24, registering an increase of 25.20 per cent year-on- year. Earnings per share (EPS) increased by 4.82 per cent to Rs 7.61 in the fiscal from Rs 7.26 a year ago.