Good Results Q4-FY23 (12-14 May 2024) -

#NSE0040 Good Results Q4-FY23 (12-14 May 2024)

BEML

Revenue Growth: BEML has shown a healthy revenue increase, reaching 1513 crore compared to the previous figure of 1387 crore.
Profitability: Both Profit Before Tax (PBT) and Profit After Tax (PAT) have seen significant improvements. PBT rose to 347 crore from 277 crore, while PAT surged to 257 crore from 157 crore.
Operating Cash Flow: There’s a decline in Operating Cash Flow (OCF) from 560 crore to 457 crore. It would be essential to analyze the reasons behind this reduction despite the increased profitability.
Order Book: The company maintains a solid order book of over 8000 crore, indicating a promising future in terms of project execution and revenue generation.

JK Cement

Revenue Growth: JK Cement has witnessed a substantial increase in revenue, reaching 3105 crore compared to the previous figure of 2777 crore. This growth is particularly impressive on a year-on-year basis.
EBITDA: The company’s EBITDA has shown remarkable improvement, increasing by 60% year-on-year, reaching 560 crore. However, there’s a slight decline of 11% quarter-on-quarter.
Profitability: Both Profit Before Tax (PBT) and Profit After Tax (PAT) have demonstrated significant growth compared to the previous year. PBT surged to 337 crore from 154 crore, while PAT increased to 220 crore from 107 crore. However, there’s a decrease in profitability compared to the previous quarter, as indicated by Q3 figures.
Operating Cash Flow: JK Cement has shown a substantial improvement in Operating Cash Flow (OCF), which soared to 1959 crore from 1377 crore. This increase is quite impressive and indicates strong operational performance.
Volume Growth: The company has witnessed robust volume growth, with grey cement registering a 13% increase and white cement seeing a 3% rise. The combined volume growth stands at an impressive 12%.
Debt Position: The net Debt-to-Equity ratio has improved to 0.48x from 0.63x, indicating a healthier financial position with less reliance on debt.

DLF Ltd

Revenue Growth: DLF has experienced a substantial increase in revenue, reaching 2134 crore compared to 1456 crore in the previous year’s corresponding quarter and 1521 crore in the previous quarter. This demonstrates strong top-line growth.
Profitability: The company has achieved remarkable profitability, with Profit Before Tax (PBT) standing at 801 crore, a significant surge from 397 crore in the previous year’s quarter and 511 crore in the previous quarter. This represents robust growth both annually and sequentially.
Net Profit: DLF has reported a Net Profit After Tax (PAT) of 920 crore, which is a substantial increase from 569 crore in the same quarter last year and 655 crore in the previous quarter. This indicates a strong bottom-line performance.
Operating Cash Flow: The Operating Cash Flow (OCF) has also witnessed a healthy increase, rising to 2538 crore from 2375 crore in the previous year’s quarter. This signifies efficient management of operational finances and liquidity.

Shriram Piston and Rings

Revenue Growth: The company has achieved a significant increase in revenue, reaching 855 crore compared to 701 crore in the same quarter last year. This represents strong top-line growth.
Profitability: Shriram Piston and Rings have demonstrated robust profitability, with both Profit Before Tax (PBT) and Profit After Tax (PAT) reaching their highest-ever levels. PBT stood at 158 crore, up from 121 crore in the previous year’s quarter, and 153 crore in the previous quarter. Similarly, PAT increased to 116 crore from 91 crore in the same quarter last year and 107 crore in the previous quarter.
Earnings Per Share (EPS): The company has reported an impressive EPS of 100 rupees for FY24, a significant rise from 66 rupees in the previous fiscal year. This indicates strong earnings growth and shareholder value creation.
Operating Cash Flow: Shriram Piston and Rings have generated robust Operating Cash Flow (OCF), which increased to 486 crore from 395 crore in the same quarter last year. This indicates efficient management of operational finances and liquidity.

Zomato

Revenue Growth: Zomato has witnessed a substantial increase in revenue, reaching 3563 crore compared to 2056 crore in the previous quarter, marking an impressive growth of 73%.
Profitability: The company has achieved profitability, reporting a Profit Before Tax (PBT) of 161 crore, a significant improvement from the loss incurred in the previous quarter, which was 124 crore. Similarly, the Profit After Tax (PAT) stands at 175 crore, indicating profitability compared to a loss in the previous quarter.
Operating Cash Flow: Zomato has generated a positive Operating Cash Flow (OCF), which is a notable improvement from the negative OCF in the previous quarter. This indicates better management of cash flows and financial resources.
Blinkit Revenue: Zomato’s subsidiary, Blinkit, has also shown remarkable growth in revenue, reaching 958 crore compared to 471 crore previously. This indicates the positive performance and growth trajectory of its subsidiary business.

Electrosteel Castings

Revenue: The company’s revenue increased year-on-year, reaching 2004 crore compared to 1872 crore in the same quarter last year. However, there’s a decline compared to the previous quarter.
Profit Before Tax (PBT): Electrosteel Castings has seen a notable improvement in PBT year-on-year, with it rising to 260 crore from 121 crore in the same quarter last year. However, there’s a decrease from the previous quarter’s figure of 346 crore.
Profit After Tax (PAT): PAT has also improved compared to the same quarter last year, reaching 227 crore from 89 crore. However, there’s a decline compared to the previous quarter’s figure of 263 crore.
Operating Cash Flow (OCF): The company has demonstrated a significant increase in OCF year-on-year, with it rising to 805 crore from 452 crore in the same quarter last year. This indicates strong cash flow generation capabilities.

Inox India

Revenue: Inox India’s revenue increased to 276 crore from 235 crore in the same quarter last year. However, there’s a decrease compared to the previous quarter’s figure of 290 crore.
Profit Before Tax (PBT): The company’s PBT has improved year-on-year, reaching 57 crore from 41 crore in the same quarter last year. However, there’s a decline compared to the previous quarter’s figure of 63 crore.
Profit After Tax (PAT): Similarly, PAT has increased compared to the same quarter last year, reaching 44 crore from 30 crore. However, there’s a decrease compared to the previous quarter’s figure of 48 crore.
Operating Cash Flow (OCF): Inox India has reported a decrease in OCF year-on-year, with it falling to 125 crore from 176 crore in the same quarter last year.

Cera Sanitaryware

Revenue: The company’s revenue remained relatively flat, standing at 549 crore compared to 535 crore in the same quarter last year.
Profit Before Tax (PBT): Cera Sanitaryware has seen an increase in PBT, reaching 99 crore compared to 89 crore in the same quarter last year. Additionally, there’s a notable improvement from the previous quarter’s figure of 66 crore.
Profit After Tax (PAT): PAT has also improved, reaching 76 crore compared to 63 crore in the same quarter last year. Similarly, there’s a significant increase from the previous quarter’s figure of 51 crore.
Operating Cash Flow (OCF): The company’s OCF has slightly decreased, standing at 299 crore compared to 311 crore in the same quarter last year.

MAPMYINDIA

Revenue: MAPMYINDIA has achieved impressive revenue growth, reaching 107 crore compared to 72 crore in the same quarter last year. There’s also an improvement compared to the previous quarter’s figure of 92 crore.
Profit Before Tax (PBT): The company has reported a notable increase in PBT, standing at 47 crore compared to 34 crore in the same quarter last year. Additionally, there’s a further improvement from the previous quarter’s figure of 43 crore.
Profit After Tax (PAT): PAT has also shown significant growth, reaching 38 crore compared to 28 crore in the same quarter last year. Similarly, there’s an increase from the previous quarter’s figure of 31 crore.
Operating Cash Flow (OCF): Although there’s a slight decline in OCF compared to the previous quarter, with it standing at 75 crore compared to 89 crore, it still reflects a healthy operational performance.

Bajaj Electricals

Net Profit: The company’s net profit for Q4FY24 declined significantly by 44.7%, reaching ₹29.3 crore compared to ₹53 crore in the same quarter last year.
Revenue: Bajaj Electricals witnessed an 8% decrease in revenue for Q4FY24, with total revenue amounting to ₹1,188 crore compared to ₹1,292 crore in the corresponding quarter last year.
EBITDA: The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial decline of 48% in Q4FY24, totaling ₹49 crore compared to ₹94 crore in the same quarter last year.
EBITDA Margin: The EBITDA margin also decreased significantly, standing at 4.2% compared to 7.4% in the same period last year, indicating a reduction in profitability.

Additionally, despite the challenging financial performance, Bajaj Electricals has recommended a final dividend of Rs. 3 per share, which may provide some returns to its shareholders.

Apollo Tyres

Net Profit: The company’s net profit decreased by 13.7% year-on-year, reaching ₹354 crore compared to ₹410.3 crore in the same period last year.
Revenue: Apollo Tyres’ revenue saw a marginal increase of 0.2% year-on-year, amounting to ₹6,258 crore compared to ₹6,247.3 crore in the corresponding quarter last year.
EBITDA: The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a 3% increase year-on-year, totaling ₹1,028 crore compared to ₹998.4 crore in the same quarter last year.
EBITDA Margin: The EBITDA margin improved slightly, standing at 16.4% compared to 16% in the same period last year.

Patanjali Foods

Revenue: Patanjali Foods’ revenue for the quarter stood at 8,221 crore, showing a slight increase compared to the previous quarter (7,910 crore) and a marginal improvement from the same quarter last year (7,872 crore).
Profit Before Tax (PBT): The company reported a PBT of 299 crore, which is lower than both the previous quarter’s figure of 305 crore and the same quarter last year’s figure of 349 crore. This suggests a decline in operating profitability.
Profit After Tax (PAT): Patanjali Foods’ PAT for the quarter was 206 crore, which is also lower than both the previous quarter’s figure of 216 crore and the same quarter last year’s figure of 263 crore. This indicates a decrease in net profitability.

Bharti Airtel

Revenue: Bharti Airtel’s revenue for the quarter stands at 37,599 crore, which is relatively stable compared to the previous quarter (37,899 crore) and represents a year-on-year increase from 36,009 crore.
Profit Before Tax and Exceptional Loss (PBTE): The company has reported a PBTE of 5,233 crore, showing a significant improvement from the previous quarter’s figure of 4,238 crore and a slight increase from the same quarter last year (5,014 crore). This indicates positive operating performance.
Exceptional Loss: Bharti Airtel incurred an exceptional loss of 2,455 crore during the quarter, which has impacted profitability. It’s important to understand the nature of this exceptional loss to assess its impact accurately.
Profit After Tax (PAT): Despite the exceptional loss, the company has reported a PAT of 2,068 crore. However, this figure is lower compared to the previous quarter’s PAT of 2,876 crore and the same quarter last year’s PAT of 4,226 crore.

Siemens

Revenue: Siemens’ revenue has increased substantially to 5681 crore compared to 4790 crore in the same quarter last year. This represents a significant year-on-year growth and is also higher than the previous quarter’s revenue of 4781 crore.
Profit Before Tax (PBT): The company has reported a PBT of 1088 crore, marking a notable increase from 649 crore in the same quarter last year and a significant improvement from the previous quarter’s figure of 678 crore.
Profit After Tax (PAT): Siemens’ PAT stands at 803 crore, which is a substantial increase from 471 crore in the same quarter last year and higher than the previous quarter’s figure of 678 crore. This indicates strong bottom-line growth and profitability.
Other Income: The company has recorded higher other income at 321 crore compared to 116 crore in the same quarter last year. This increase in other income has contributed positively to the overall financial performance.
Operating Cash Flow (OCF): Siemens has generated a significantly higher operating cash flow of 188 crore compared to 1 crore in the same quarter last year. This indicates improved cash flow management and operational efficiency.

HP Adhesives Ltd

Total Revenue: The company’s total revenue stands at Rs 60 crore, showing a quarter-on-quarter increase of Rs 5 crore (9.1% growth) and a year-on-year increase of Rs 2 crore (3.4% growth). While the quarterly growth is notable, the annual growth is moderate.
Operating Profit: HP Adhesives Ltd has reported an operating profit of Rs 8 crore, reflecting an increase of Rs 1 crore (14.3% growth) compared to the previous quarter and Rs 2 crore (33.3% growth) compared to the same quarter last year. This indicates an improvement in operational efficiency and profitability.
Net Profit After Tax: The company has achieved a net profit after tax of Rs 6 crore, which is an increase of Rs 1 crore (20% growth) compared to the previous quarter and Rs 2 crore (50% growth) compared to the same quarter last year. This demonstrates strong bottom-line growth and improved profitability.
Dividend Declared: HP Adhesives Ltd has declared a dividend of Rs 0.3 per share, which is a positive signal for shareholders and reflects the company’s ability to generate returns for its investors.

Colgate Palmolive

Revenue: Colgate Palmolive’s revenue stood at 1480 crore, marking a growth of 10.4% compared to the same quarter last year, where it was 1342 crore. This indicates robust top-line growth.
Profit Before Tax (PBT): The company has reported a PBT of 511 crore, showing improvement from the previous year’s quarter figure of 428 crore. Additionally, there’s growth compared to the previous quarter’s figure of 443 crore.
Profit After Tax (PAT): Colgate Palmolive has recorded a PAT of 380 crore, which is a substantial increase of 20.4% compared to the same quarter last year, where it was 316 crore. Similarly, there’s growth compared to the previous quarter’s figure of 330 crore.
Operating Cash Flow (OCF): The company has generated an Operating Cash Flow (OCF) of 1198 crore, which is slightly higher compared to the same quarter last year when it was 1176 crore.
Rural Growth: It’s noteworthy that rural growth has outpaced urban growth for Q4, which is a positive indicator of market expansion and penetration.
Dividend: Colgate Palmolive has declared a total dividend of 58 rupees, which is good news for shareholders and reflects the company’s confidence in its financial position.

Disclaimer-

It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.

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