June 3, 2024 New Delhi, India India’s GDP Surpasses Expectations with 7.8% Growth in Q4 FY24 India’s GDP growth for the fourth quarter of FY24 reached 7.8%, surpassing the Reserve Bank of India’s (RBI) forecast of 6.9% and outperforming last year’s Q4 growth of 6.1%. The full-year growth is pegged at an impressive 8.2%, highlighting…
May 31, 2024 New Delhi, India Tata Steel Q4 Results: Net Profit Drops 64.5% to ₹554 Crore, Dividend Declared Tata Steel announced its Q4FY24 results on May 29, reporting a significant 64.5% drop in consolidated net profit to ₹554.6 crore compared to ₹1,566 crore in the same period last year. The company’s revenue from operations…
May 29, 2024 New Delhi, India LIC Q4 Financial Results: Marginal Profit Increase and Improved Asset Quality Life Insurance Corporation of India (LIC), the country’s largest insurer, reported a marginal 2.5% year-on-year (YoY) rise in net profit for the fourth quarter of FY24. The net profit increased to ₹13,762 crore, up from ₹13,421 crore in…
May 29, 2024 New Delhi, India Q4 Financial Performance Boosts Amara Raja Energy Shares Amara Raja Energy Ltd, formerly known as Amara Raja Batteries, reported a significant 61.4% year-on-year (YoY) increase in net profit for Q4 FY24. The company’s net profit rose to ₹229.8 crore, up from ₹142 crore in the corresponding quarter of the…
May 29, 2024 New Delhi, India IRCTC Q4 Results and Market Reaction IRCTC’s share price fell over 5% in morning trades after the company announced its Q4 results post-market hours on Tuesday. The share price dropped to ₹1,027.15 on the NSE, down from the previous close of ₹1,083.10. The decline was driven by the reported…
May 22, 2024 New Delhi, India Paytm Q4 Results One 97 Communications, the parent company of payments aggregator Paytm, announced a challenging fourth quarter for fiscal year 2024. The company saw a decrease in revenue and a significant increase in net losses, primarily due to regulatory actions imposed by the Reserve Bank of India (RBI)….
May 17, 2023 New Delhi, India JSW Steel Q4 FY24 Results Analysis Financial Performance Profit Decline: JSW Steel reported a significant decline in its net profit for Q4 FY24. The net profit dropped by 65% year-on-year (YoY) to Rs 1,299 crore, compared to Rs 3,664 crore in Q4 FY23. This indicates a challenging quarter for…
May 15, 2023 New Delhi, India Introduction: In its fourth-quarter financial report, Bharti Airtel, one of India’s leading telecommunications companies, has unveiled a mixed bag of results. While the company witnessed a significant increase in revenue, its net profit experienced a notable decline compared to the same period last year. Revenue Growth Amid Challenges: Despite…
May 14, 2023 New Delhi, India Zomato Posts Fourth Straight Quarter of Profit Zomato has reported a net profit of ₹175 crore for the January-March 2024 quarter, marking its fourth consecutive quarter possitive. The company achieved a substantial 73% increase in revenue year-on-year, rising to ₹3,562 crore. This comes as a notable achievement amidst the…
May 13, 2023 New Delhi, India Tata Motors Achieves Remarkable Q4 Performance with Tripled Net Profit Tata Motors, the leading auto manufacturer, has reported an extraordinary three-fold increase in its consolidated net profit for the quarter ending March 2024. The net profit surged to Rs 17,528.59 crore, compared to Rs 5,496.04 crore in the corresponding…
