Q4 results today LIVE: SBI, ITC beat analysts estimates, announce dividends; GAIL disappoints
Q4 results LIVE; SBI, ITC, GAIL earnings: State Bank of India, the countrys largest lender by assets, reported a better-than-expected set of Q4 earnings on Thursday. As India Inc is in the last leg of the earnings season, more than 100 corporates are scheduled to report their Q4 results on May 18. Catch minute-by-minute updates on latest earnings updates, market expectations, management commentary, LIVE, and the views of Zee Business Managing Editor Anil Singhvi and other experts only on Zeebiz.coms blog.
Q4 results LIVE; SBI, ITC, GAIL earnings: State Bank of India (SBI), the country's largest lender by assets, reported a quarterly net profit on Thursday that far exceeded analysts' estimates, as India Inc stayed in the last leg of the earnings season. More than 100 corporates are scheduled to report their financial results on May 18, including ITC, GAIL and Interglobe Aviation (IndiGo), Tata Elxsi, PNB Housing Finance, Concor, United Spirits, HCC, Syrma SGS, Divgi Torqtransfer Systems, Clean Science, Gland Pharma, Ujjivan Financial, Bata, RITES and Jet Airways.
Catch minute-by-minute updates on the latest Q4 results reported by India Inc and what to make of them, management commentary, LIVE analysis and the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more only on Zeebiz.com's blog:
Latest Updates
Tata Elxsi Dividend | Board recommends Rs 60.6/share payout
The Tata group company says its board has recommended a final dividend of Rs 60.6 per share — a 606 per cent payout given the face value of Rs 10 per share.
The company says the dividend, subject to tax, will be paid on or after the seventh day from the conclusion of the company's 34th Annual General Meeting subject to shareholders' approval.
Tata Elxsi Dividend | Board recommends Rs 60.6/share payout
Concor Q4 Results | Standalone net profit at Rs 278.4 crore vs Rs 257 crore a year ago
According to Zee Business research, the company's quarterly net profit was estimated at Rs 345 crore.
Its revenue comes in at Rs 2,170 crore for the March quarter, as against Rs 2,043 crore for the corresponding period a year ago, according to a regulatory filing.
Container Corporation (Concor) declares Rs 2/share dividend
IndiGo Q4 Results | Net profit at Rs 919.2 crore, better than analysts' estimates
Ramco Cements Q4 Results | Net profit rises to Rs 152 crore from Rs 124 crore a year ago
The cement maker reports revenue of Rs 2,559 crore as against Rs 1,698 crore for the corresponding period a year ago.
Its margin, however, shrinks by 120 basis points to 16.1 per cent.
Ramco Cements announces Q4 results, announces Rs 2/share dividend
GAIL Q4 results miss analysts' estimates
The state-run oil & gas explorer reports a quarterly net profit of Rs 604 crore and revenue of Rs 32,860 crore.
According to Zee Business research, GAIL's quarterly net profit was estimated at Rs 980 crore and revenue at Rs 43,700 crore.
GAIL Q4 Results | Revenue at Rs 32,860 crore vs Rs 35,380 crore in Q3
GAIL Q4 Results | Standalone profit up 2.5x at Rs 604 crore vs previous quarter
SBI Q4 Results | NPA provisioning at Rs 1,278 crore vs Rs 3,262 crore a year ago
SBI Q4 Results | NII grows 29.5% to Rs 40,392.5 crore
State Bank of India's net interest income — the difference between interest earned and interest paid — comes in at Rs 40,392.5 crore for the quarter ended March 2023 as against Rs 31,197.9 crore for the corresponding period a year ago, according to a regulatory filing.
SBI Q4 Results | India's largest bank by assets beats analysts' estimates with Rs 16,694.5 crore net profit, announces Rs 11.3/share dividend
Share Market Today LIVE | Zydus Lifesciences shares fail to hold on to green
Zydus Lifesciences shares trade only briefly in the green zone after the earnings and dividend announcements. The stock has so far today gyrated in the Rs 507.6-522.9 range on BSE.
Catch minute-by-minute updates on the Indian share market here
Zydus Lifesciences Q4 Results | Net profit at Rs 297 crore vs Rs 397 crore a year ago, misses estimate
The company's revenue comes in at Rs 5,010 crore for the quarter ended March 2023 as against Rs 3,864 crore for the corresponding period a year ago, according to a regulatory filing.
According to Zee Business research, Zydus Lifesciences' quarterly net profit was estimated at Rs 722 crore and revenue at Rs 4,722 crore.
PSP Projects results | PAT at Rs 46 crore vs Rs 55 crore a year ago, board announces Rs 2.5/share dividend
Q4 Results LIVE | Zydus Lifesciences reports mixed earnings
Share Market Today LIVE | Zydus Lifesciences announces 600% dividend, shares jump
Zydus Lifesciences' board recommends a final dividend of Rs 6 per share for the financial year 2022-23 — a 600 per cent payout given the face value of Re 1.
The latest dividend announcement by Zydus Lifesciences (formerly known as Cadila Healthcare) is subject to the approval of shareholders at the company's next AGM, scheduled on August 11, 2023.
ITC Shares Not Far From All-Time High | Can investors expect more of unprecedented levels soon?
ITC shares have scaled a string of record highs over the past few weeks. Today, the stock of the cigarette maker came within Re 1 of its latest record high, touched on May 8.
ITC Q4 Results Today | Here's how cigarettes-to-hotels conglomerate's various verticals may fare
According to Zee Business research, ITC is likely to see strong growth in its hotels business. However, weakness in its agri business may offset overall revenue, the analysts estimate.
Investors will closely track the ITC management's commentary on any details about a potential demerger of its hotels business and the company's overall business outlook. Any remarks on rural demand in the country will be on investors' radar.
ITC Q4 Results Today | Cigarette volume growth seen coming in at 13-14%
According to Zee Business research, ITC, whose popular brands include Classic, Gold Flake, Insignia, American Club, India Kings and Wills Navy Cut, is likely to report 13-14 per cent growth in cigarette sales volumes for the March quarter.
The analysts peg the company's other FMCG business to register growth to the tune of 15-17 per cent.
SBI likely to report steady asset quality today
Analysts expect State Bank of India to report steady asset quality, measured by the percentage of non-performing assets (NPAs) or bad loans in total loans.
According to Zee Business research, SBI's gross NPAs are likely to come down to 2.9 per cent from 3.14 per cent and net NPAs to remain unchanged sequentially at 0.77 per cent.
SBI Q4 Results Today | SBI likely to report double-digit increase in slippage vs year-ago quarter
Zee Business research pegs SBI's increase in slippage in the quarter ended March 2023 at 10-11 per cent compared with the corresponding period a year ago.
Follow this space to catch SBI results LIVE here on Zeebiz.com's blog.
SBI Q4 results today | India's largest bank seen clocking double-digit loan growth; here's what to expect in SBI earnings report
According to Zee Business research, State Bank of India, the country's largest lender by assets, is likely to report loan growth to the tune of 15-16 per cent for the quarter ended March 2023.
Its deposit growth is pegged at 8-10 per cent, according to the research.
Share Market Today LIVE | SBI gains ahead of Q4 results today
State Bank of India (SBI shares — traded on stock exchanges BSE and NSE with the symbol SBIN — rise by as much as Rs 5.9 or one per cent to Rs 592.4 apiece on BSE ahead of the earnings announcement by the country's largest lender by assets later today.
Catch minute-by-minute updates on all the action in the Indian share market LIVE here
IndiGo Q4 Results today | Interglobe Aviation likely to report 39% fall in profit
According to Zee Business research, Interglobe Aviation — which owns and operates airline IndiGo — is likely to report a consolidated net profit of Rs 872.9 crore for the three-month period, which translates to a fall of 38.6 per cent compared with the corresponding period a year ago.
Read more on what analysts expect in IndiGo Q4 results today
GAIL Q4 Results Today | Net profit estimated to soar 4x sequentially, margin to improve by 290 bps
According to Zee Business research, GAIL is likely to report a standalone net profit of Rs 980 crore for the quarter ended March 2023 as against a net profit of Rs 245.7 crore for the previous three months. Its revenue is estimated to increase 23.5 per cent sequentially to Rs 43,700 crore and margin pegged at 3.6 per cent.
ITC Q4 Results Today | Cigarettes-to-hotels conglomerate's PAT seen growing 16%, margin improving by 400 bps
According to Zee Business research, ITC is likely to report a 16 per cent increase in standalone net profit to Rs 4,850 crore for the three-month period and revenue growth of five per cent to Rs 16,361 crore compared with the corresponding quarter a year ago.
The analysts peg the margin of the company, whose popular brands include Classic, Gold Flake, Insignia, American Club, India Kings and Wills Navy Cut, at 38 per cent as against 34 per cent for the year-ago period.
They estimate the company's cigarette volumes to grow 13-14 per cent and its FMCG business to expand 15-17 per cent.
SBI Q4 Results Today | India’s largest lender to report 62% surge in PAT, steady asset quality
State Bank of India – India’s largest lender by assets and second largest by market value – is all set to report its financial results today. Analysts expect the state-run banking behemoth to have clocked a robust performance in the final three months of the financial year gone by, driven by double-digit loan growth and firm asset quality.
They estimate double-digit growth in the PSU bank’s top-line as well as the bottom-line.
According to Zee Business research, SBI is likely to report a quarterly standalone net profit of Rs 14,800 crore, which translates to growth of 62.4 per cent compared with the corresponding period a year ago. Its net interest margin — a key measure of profitability for lenders — is pegged at 3.6 per cent, up 10 basis points on a sequential basis.
What to make of recent earnings reports
- Jubilant FoodWorks, RailTel, REC, JK Tyre, Devyani International, Whirlpool of India, Teamlease, Endurance Tech and MTAR Tech reported their financial earnings on Wednesday. Here's what Zee Business analysts make of these results:
- RailTel: Good performance except 675 bps fall in margin
- MTAR Tech: Good performance except margin shrinks 323 bps
- TeamLease Services: profit down 22%, margin contracts by 60 bps
- Endurance Tech: Good performance, margin improves by 40 bps
- Jindal Saw: Good performance, margin up 148 pts
- Sanghi Industries: Weak performance, EBITDA loss at Rs 12.6 crore
- Indo Amines: Good performance, margin rises by 750 bps despite 92.5 per cent increase in tax expense
- Thermax: Good performance
- Restaurant Brands Asia: Mixed performance; loss narrows marginally, margin up by 20 bps
- JK Tyre: Good performance; EBITDA up 65 per cent, margin up 350 bps
- GIC Housing Finance: Weak performance
- Madras Fertilizers: Weak performance, margin down 110 bps
- Quess Crop: Weak performance
Q4 Results LIVE | More than 100 companies slated to report earnings reports today
A number of corporates are scheduled to report their financial results for the January-March period today as India Inc enters the last leg of the earnings season. Among the big names to put on your watch list right now are State Bank of India (SBI), ITC, GAIL and Interglobe Aviation (IndiGo).
Among other corporates due to report their March quarter results are Tata Elxsi, PNB Housing Finance, Concor, United Spirits, HCC, Syrma SGS, Divgi Torqtransfer Systems, Clean Science, Gland Pharma, Ujjivan Financial, Bata, RITES, Jet Airways and Zydus.
And that's not all! Follow this space to know more.
Good morning! Welcome to Zeebiz.com's blog on Q4 results
Follow this space to catch minute-by-minute updates on the latest round of Q4 earnings reports as India Inc enters the last leg of the results season. Be the first to catch swift and accurate coverage on earnings from a string of companies today, including the country's largest lender by assets State Bank of India (SBI), cigarettes-to-hotels conglomerate ITC, natural gas giant GAIL and IndiGo airline operator Interglobe Aviation.
Catch LIVE analysis on market commentary, the views of Zee Business Managing Editor Anil Singhvi and other experts (and much more!) only on Zeebiz.com's LIVE blog to make informed and fruitful investment decisions.
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