Capacite Infraprojects’ consolidated profit after tax soared to ₹52 crore in Q4 FY24, driven by higher revenue.
Revenue grew by 25% from Q3 FY24 to Q4 FY24, with net profits increasing by 75% in the same period.
Over the past year, Capacite Infraprojects has delivered a remarkable 93.5% return.
Lemon Tree Hotels Ltd at Stock Market
Lemon Tree Hotels Ltd
₹140.10/-
Lemon Tree Hotels: Strong Q4FY24 Financial Performance
Lemon Tree Hotels Ltd recorded a 52.1% year-on-year rise in net profit, reaching ₹67 crore for Q4FY24.
Operational revenue surged by 29.5%, totaling ₹327.3 crore compared to the previous year.
For FY24, PAT increased by 42% sequentially and 29% annually, amounting to ₹181.7 crore from ₹140.5 crore in FY23.
Over the past three years, Lemon Tree Hotels has achieved an impressive 235.17% return.
Sumitomo Chemical India Ltd
₹479.35/-
Sumitomo Chemical India Exceeds Forecasts
Sumitomo Chemical India’s revenue reached ₹29 billion, surpassing expectations by 3.4%.
Earnings per share (EPS) stood at 7.40, exceeding estimates by 8.7%.
Revenue is projected to grow at an average annual rate of 14% over the next two years.
Over the past five years, Sumitomo Chemical India has delivered a 123.72% return.
Tata Steel Ltd
₹166.10/-
Tata Steel Q4 Profit Declines
Tata Steel’s Q4 profit decreased by 64% year-on-year, attributed to lower steel realizations and weak international performance.
The board has approved issuing additional debt securities worth ₹3,000 crore and injecting up to $2.11 billion into T Steel Holdings Singapore, a wholly-owned subsidiary.
Jefferies maintains a Buy rating for Tata Steel with a target price of ₹200.
Over the past year, Tata Steel has delivered a return of 61.27%.
Kfin Technologies Ltd
₹693.70/-
General Atlantic to Divest Stake in KFin Technologies
General Atlantic Singapore Fund plans to sell a 4.1% stake in KFin Technologies, potentially increasing to 6.8%.
The floor price for the sale is set at ₹712.50 per share, a 4% discount from the current market price.
This stake sale might lead to increased liquidity and short-term volatility.
Over the past year, KFin Technologies has achieved a return of 130.42%.
ITI Ltd
₹306.05/-
ITI Ltd Q4 Financial Performance Overview
ITI Ltd’s Q4 net sales fell by 22.44% year-on-year to ₹601.28 crore.
The company’s quarterly net loss surged by 227.81% year-on-year to ₹238.94 crore in March 2024.
ITI Ltd has experienced negative returns over the past week and year-to-date.
Despite recent challenges, ITI Ltd has delivered a 182.04% return over the last year.
Ion Exchange (India) Ltd
₹510.50/-
Ion Exchange: Profit Decline Amid Revenue Growth
Ion Exchange (India) Ltd reported a 10.8% decrease in profit, totaling ₹72.5 crore.
Revenue increased by 20.7%, reaching ₹781.8 crore.
The company’s revenue growth suggests potential for future stock price appreciation.
Over the past three years, Ion Exchange has delivered a return of 187.28%.
SJVN Ltd
₹134.10/-
SJVN’s Remarkable Profit Surge
Profit Soars: SJVN reports a remarkable over two-fold increase in consolidated profit to Rs 61.08 crore during the March quarter, driven by exceptional gains.
Revenue Decline: Despite profit growth, revenue witnesses a slight 4.1% YoY decline to Rs 482.9 crore from Rs 503.8 crore.
Dividend Approval: The board approves a final dividend of Rs 0.65 per equity share for FY24, reinforcing shareholder value.
Strategic Partnership: SJVN forms a joint venture with Indian Oil Corporation Ltd, enhancing growth prospects.
Investor Returns: SJVN yields impressive 287.73% returns over the past year, signifying robust performance and investor satisfaction.
Profit Soars: Heritage Foods witnesses a remarkable over two-fold increase in Q4 profit, surging to Rs 40.5 crore.
Revenue Boost: Amidst the profit leap, revenue records a substantial 16.3% YoY rise, reaching Rs 950.6 crore.
Market Dynamics: Increased demand for branded dairy products, fueled by higher milk prices, drives the company’s revenue growth.
Investor Gains: Investors benefit from Heritage Foods’ performance, with an impressive 80.89% returns over the last year.
IRB Infrastructure Developers Ltd
₹66.25/-
IRB Infrastructure’s Share Block Deal Unfolds
Discounted Shares: IRB Infrastructure Developers Ltd’s shares are poised to be sold in a block deal at a discount of up to 13.3%.
Equity Sale: IRB Holding Pvt Ltd and Deepali Virendra Mhaiskar plan to sell up to 4% of the company’s equity for Rs 1,512 crore.
Transaction Management: The block deal is managed by Jefferies India Private Ltd and CLSA India Private Ltd.
Investor Insight: Despite the block deal, IRB Infrastructure has delivered an exceptional 533.07% returns over the last three years.
Edelweiss Financial Services Ltd
₹69.25/-
RBI’s Business Restrictions on Edelweiss Group Unveiled
Regulatory Intervention: The Reserve Bank of India (RBI) imposes business restrictions on two Edelweiss group entities, ECL Finance Ltd and Edelweiss Asset Reconstruction Co. Ltd.
Supervisory Concerns: These actions stem from material concerns identified during supervisory examinations, primarily related to the conduct of the group entities acting collectively.
Impact: The imposed restrictions signify a regulatory intervention aimed at addressing observed deficiencies and ensuring compliance.
Investor Alert: Despite these developments, Edelweiss has delivered a notable 113.44% returns over the past year, highlighting investor confidence amidst regulatory challenges.
Emami Ltd
₹607.50/-
Emami’s Q4 Shows Modest Growth
Profit Increase: Emami Ltd reports a modest 3.7% YoY rise in net profit for Q4 FY24.
Revenue Growth: Revenue from operations sees a healthy 6.6% increase, reaching Rs 891.2 crore.
Business Expansion: Domestic business witnesses an 8% growth, while international business grows by 9% in constant currency and 8% in INR terms.
Investor Performance: Despite the modest growth, EMAMILTD yields a respectable 33.49% returns over the past year, signifying investor satisfaction and confidence.
Alkem Laboratories Ltd
₹4,980.00/-
Alkem Laboratories Surges with Three-Fold Profit Growth
Remarkable Profit Leap: Alkem Laboratories achieves a significant three-fold increase in consolidated net profit for Q4FY24, soaring to 293.56 crore, fueled by derecognition of deferred tax.
Steady Revenue Growth: Despite the profit surge, the company records a modest 1.1% YoY revenue increase for the quarter, amounting to 2,935.8 crore.
Shareholder Rewards: The board recommends a final dividend of $5 per share of 2 each for FY24, underlining Alkem’s commitment to rewarding its shareholders.
Investor Benefits: Despite the profit surge, ALKEM generates impressive returns of 58.7% over the past year, showcasing robust performance and investor confidence
ISGEC Heavy Engineering Ltd
₹1,032.40/-
ISGEC Heavy Engineering Faces Profit and Revenue Decline
Profit Downturn: ISGEC Heavy Engineering Ltd records a significant 22.6% decline in profit, amounting to 72.1 crore.
Revenue Slump: The company experiences an 8.6% decrease in revenue, totaling 1,868 crore.
Market Impact: The decline in both revenue and profit could potentially exert a negative influence on the stock price, signaling challenges for investors.
Investor Performance: Despite the recent downturn, ISGEC has delivered impressive returns of 118.27% over the past year, reflecting previous robust performance amidst current setbacks.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.