#NSE0047– Results Q4-FY23
Prince Pipes and Fittings
- Standalone Net Profit: Decreased to 547 million rupees from 941 million rupees year-on-year, indicating a decline in profitability.
- Revenue: Slightly decreased to 7.4 billion rupees from 7.6 billion rupees in the previous year. While the decline is marginal, it still reflects a decrease in sales.
- EBITDA: Decreased to 923 million rupees from 1.5 billion rupees year-on-year. This suggests a decrease in the company’s operating profitability.
- EBITDA Margin: Decreased to 12.47% from 19.41% year-on-year. A lower EBITDA margin indicates that the company’s earnings before interest, taxes, depreciation, and amortization are a smaller percentage of its revenue compared to the previous year, implying either higher costs or lower profitability.
Vodafone Idea
Vodafone Idea experienced a consolidated net loss of 76.75 billion rupees, which widened compared to the loss of 64.19 billion rupees in the same period last year. Despite this, there was a slight increase in revenue for the quarter, reaching 106.07 billion rupees compared to 105.32 billion rupees in the previous year.
However, there were positive indicators in terms of operational performance. The EBITDA for Q4 improved to 43.36 billion rupees, up from 42.1 billion rupees in the same quarter last year. This improvement was also reflected in the EBITDA margin, which rose to 40.88% from 39.98% year-on-year.
Vodafone Idea reported an Average Revenue Per User (ARPU) of 146 rupees for the fourth quarter, which is a significant metric in the telecom industry.
To address financial challenges and drive growth, Vodafone Idea is actively engaging with banks to raise funds. They aim to raise up to 250 billion rupees and additional non-fund-based facilities of up to 100 billion rupees. This funding will support their plans to expand 4G coverage and launch 5G services.
Despite the losses, Vodafone Idea’s 4G subscriber base stood at 126.3 million by the end of Q4FY24. The company plans to invest heavily in capital expenditure (CAPEX), with expectations ranging from 500 to 550 billion rupees over the next three years. This investment will primarily focus on expanding 4G population coverage in 17 priority circles and launching 5G in key cities.
Regarding payment obligations to the government, Vodafone Idea disclosed that they stood at 2,034.3 billion rupees as of March 31, 2024. However, after the telecom reforms package in September 2021, the company’s bank exposure has reduced by about 346 billion rupees, indicating efforts to manage financial obligations.
GAIL (India)
GAIL (India) reported a net profit of 21.8 billion rupees, which decreased from 28 billion rupees in the previous quarter. The estimated net profit was 27.15 billion rupees.
Regarding EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), GAIL’s Q4 EBITDA was 35.57 billion rupees, down from 38.22 billion rupees in the previous quarter. The estimated EBITDA was 37.95 billion rupees.
The EBITDA margin for the quarter was 11%, slightly lower than the 11.16% margin in the previous quarter. The estimated EBITDA margin was 11.6%.
These figures suggest a slight decline in both net profit and EBITDA compared to the previous quarter, although the results were slightly below the estimated figures.
Mahindra & Mahindra Ltd.
- Auto consolidated revenue stood at Rs 20,908 crore, showing a robust year-on-year growth of 22%.
- Auto consolidated Profit Before Interest and Tax (PBIT) reached Rs 1,862 crore, indicating an impressive year-on-year increase of 238%.
- The Farm Equipment segment also demonstrated significant growth, with revenue in Q4FY24 reaching Rs 225 crore, reflecting a remarkable year-on-year growth of 44%.
- Total volumes for the quarter amounted to 215,000 units, up by 14% compared to the same period last year.
- The revenue market share (MS) for SUVs stood at 20.4%, showing an improvement of 80 basis points (bps) year-on-year.
IIFL Securities
- Revenue soared to 704 crore rupees from 405 crore rupees, indicating substantial growth compared to the previous quarter (Q3) which stood at 582 crore rupees.
- Profit Before Tax (PBT) doubled, reaching 237 crore rupees compared to 119 crore rupees in Q3, demonstrating impressive growth.
- Profit After Tax (PAT) also showed significant growth, standing at 180 crore rupees compared to 86 crore rupees in Q3.
Motherson Sumi Wiring
- Revenue increased to 2212 crore rupees from 1857 crore rupees in the previous quarter, indicating robust growth.
- Profit Before Tax (PBT) rose to 250 crore rupees compared to 178 crore rupees in Q3.
- Profit After Tax (PAT) also showed a significant increase, reaching 191 crore rupees compared to 138 crore rupees in Q3.
- Operating Cash Flow (OCF) experienced a substantial improvement, surging to 791 crore rupees from 223 crore rupees in the previous quarter.
Sansera Engineering
- Revenue increased to 745 crore rupees from 618 crore rupees, indicating a significant year-on-year improvement.
- Profit Before Tax (PBT) rose to 64 crore rupees compared to 44 crore rupees in the previous quarter (Q3), but slightly lower than Q3’s figure of 66 crore rupees.
- Profit After Tax (PAT) showed an increase to 46 crore rupees compared to 35 crore rupees in Q3.
- Operating Cash Flow (OCF) saw a substantial increase, reaching 374 crore rupees compared to 256 crore rupees in the previous quarter.
Kaynes Technology
- Revenue surged to 637 crore rupees from 364 crore rupees, marking an impressive increase.
- Profit Before Tax (PBT) showed remarkable growth, reaching 102 crore rupees compared to 53 crore rupees in the previous quarter, representing a significant increase of 92%. In Q3, PBT stood at 58 crore rupees.
- Profit After Tax (PAT) also saw a substantial rise, reaching 82 crore rupees compared to 42 crore rupees in Q3, which was at 45 crore rupees.
- For the fiscal year 2024, the Profit After Tax (PAT) amounted to 184 crore rupees, showing a remarkable increase from 95 crore rupees in the previous year.
- Operating Cash Flow (OCF) improved significantly to 70 crore rupees from a negative 41 crore rupees in the previous quarter.
Info Edge
- Revenue increased to 657 crore rupees from 604 crore rupees compared to the previous quarter.
- Other income showed a significant improvement, standing at 151 crore rupees, compared to a negative 435 crore rupees in the previous quarter.
- Profit Before Tax (PBT) surged to 324 crore rupees from 204 crore rupees quarter-on-quarter (QoQ).
- Profit After Tax (PAT) turned positive, reaching 162 crore rupees, compared to a loss in the previous quarter.
- Operating Cash Flow (OCF) increased to 702 crore rupees from 512 crore rupees in the previous quarter.
Disclaimer-
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