Q4 Results 2024 Updates: IRCTC, General Insurance Corporation of India, ABFRL, NBCC (India), TTK Prestige Omaxe, more to announce earnings today (2024)

Shalby Ltd approved to operationalize the B2B supply chain business Hosply, through the offline as well as online platform. The business will involve surgical supplies to hospitals, it said. Further, it also approved to operationalize Bone Bank & Tissue Bank business through its subsidiary for preservation and supplying bones and tissues to the patients.

The Board of Directors of the Company recommended a dividend of Rs 1.20 per equity share of the face value of Rs 10 each i.e., 12 per cent for the financial year ended March 31, 2024. “The Company shall inform in due course the date on which it will hold the AGM for the year ended 31st March, 2024 and the date from which dividend will be paid or Demand draft / warrants thereof will be dispatched to the shareholders,” the company said in a regulatory filing.

Shalby Limited recorded its fiscal fourth quarter profit at Rs 16.60 crore, up 19.4 per cent in comparison to Rs 13.90 crore during the corresponding quarter of previous fiscal year. It posted revenue from operations at Rs 244.23 crore, up 22.7 per cent as against Rs 198.98 crore during the fourth quarter of FY23. The company EBITDA stood at Rs 38.8 crore, up 51.6 per cent on-year.

3M India board recommended a final dividend of Rs 160 and a special dividend of Rs 525 per equity share of Rs 10 each, for the financial year 2023-24. The Board of Directors have fixed July 5, 2024 (Friday) as the Record Date for determining the entitlement of the shareholders for the payment of aforesaid Dividends.

3M India Limited, the Indian entity of the US-based 3M Co, reported a profit of Rs 172.85 crore for the quarter ended March 31, 2024, posting a growth of 27.4 per cent in comparison to Rs 135.72 crore during the corresponding quarter of previous year. It recorded revenue from operations at Rs 1094.55 crore, up 4.6 per cent as against Rs 1046.04 crore during the fourth quarter of FY23.

“Improving cigarettes volumes growth trajectory in Q4FY24 at ~2% YoY on a high base (above our estimates) after decline of ~1% in Q3FY24 is positive. The FMCG business displayed resilience against subdued demand conditions (+7% YoY; 13% 2Y CAGR) with continued improved profitability (operating leverage, input cost deflation, pricing and cost optimisation). Hotels business witnessed another strong quarter (+15% YoY) driven by strong higher RevPAR. Formal cigarettes industry continues to have tailwinds of: 1) stability in taxes and 2) deterrent action by enforcement agencies. We expect the formal industry to drive volume growth (from peak levels) if these tailwinds sustain. Inflation in key input prices of cigarettes and headwinds in agri and paper business to limit margin expansion.”

– Analysts at ICICI Securities

J Kumar Infraprojects Ltd reported its fiscal fourth quarter profit at Rs 99.68 crore, up 34.9 per cent in comparison to Rs 73.87 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 1424.97 crore, up 25.6 per cent as against Rs 1134.21 crore during the fourth quarter of FY23. The company EBITDA stood at Rs 203.2 crore, up 27.3 per cent on-year.

The company board also recommended a dividend of Rs 4 per equity share (i.e. 80 per cent on the face value of Rs 5 per equity share) for the financial year 2023-24.

Goodluck India raised close to Rs 200 crore through the Qualified Institutional Placement (QIP) route to fund its working capital requirements and other general corporate purposes.

Goodluck India reported fiscal fourth quarter profit at Rs 37.22 crore, up 33.1 per cent in comparison to Rs 27.96 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 902.49 crore, up 18 per cent as against Rs 764.55 crore during the same period last year. The company EBITDA stood at Rs 66.3 crore, up 14.5 per cent on-year.

The company board recommended a final dividend of 50 per cent i.e. Rs 100 per equity share of Rs 2 each for the financial year 2023-24.

“Century Plyboards has reported Q4FY24 consolidated revenue growth of 9.9% YoY. Plywood / laminates / MDF revenue grew 7.2% / 5% / 22.6% YoY with volume growing 6.6% / 5.3% / 34.4% YoY (5-year CAGR of 10.9% / 3.1% / 12.2%), respectively. Consolidated EBITDA margin expanded 267bps QoQ to 14% (-298bps YoY) driven by 560bps QoQ expansion in plywood margin (~58% of revenue) while laminates/MDF margin declined 250bps/260bps QoQ, resulting in EBITDA / APAT increasing 39.8% / 39.7% QoQ. Management stated demand remains modest and is likely to pick up FY26 onwards as many real estate projects launched earlier get completed. It has guided for plywood / laminates / MDF revenue growth of 10% / 20% / 40% with operating margin of 12-14% / 10-12% / 15% for FY25, respectively.”

– Analysts at ICICI Securities

Indo National Limited reported a profit of Rs 2.40 crore for the quarter ended March 31, 2024, in comparison to a loss of Rs 2.60 crore recorded during the fourth quarter of FY23. It posted revenue from operations at Rs 168.93 crore, up 18 per cent as against Rs 143.19 during the corresponding quarter of previous financial year. The company EBITDA stood at Rs 18 crore.

The company board also recommended a dividend of Rs 5 per share (100 per cent) for the financial year ended March 31, 2024.

“The QSR industry’s performance has remained under pressure, but managements are optimistic about the medium-term outlook and continue to invest in store expansion. Aggressive store expansion amid weak demand is creating a pressure on EBITDA margin and the industry’s ability to deliver FCF. The trends seen in 4QFY24 are largely similar to last quarter (see: Road to recovery may be long). We maintain our negative view on the sector, with an U/P rating on JUBI. We prefer TTAN and ITC.”

– Kunal Vora, Head of India Equity Research, BNP Paribas

Highest-ever Cast Metal production of 4,63,428 Metric Tonnes

Highest-ever Metal Sale of 4,70,108 Metric Tonnes

Highest ever Bauxite Excavation of 76,00,230 Metric Tonnes

National Aluminium Company Limited (NALCO) reported its fiscal fourth quarter profit at Rs 996.74 crore, up 101.4 per cent in comparison to Rs 495 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 3579.05 crore, down 2.5 per cent as against Rs 3671.37 crore during the fourth quarter of FY23. The company EBITDA stood at Rs 1107.5 crore.

“United Spirits Q4FY24 revenue growth of 7% with 4% volume growth was slightly underwhelming as consumer demand conditions remain subdued with consumer rationalising drinking occasions. That said, premiumisation trend continues across categories and brands. Underlying gross margin and operating margin remained healthy as ENA inflation was offset by efficiency savings and better mix while ad spends remained healthy. Management maintained its guidance of double-digit revenue growth with moderate margin expansion in FY25. Continued focus on innovation and renovation across brands with new launches in growing segments is likely to help capture premiumisation trend while it plans to hold volumes in popular segment. Further, supply chain agility programme is on track and should augur well in managing inflation and driving margin expansion.”

– Analysts at ICICI Securities

“Due to delays in receiving approvals at Kumaraswamy, NMDC is expected to deliver iron ore volumes of 48.1/52.4mt in FY25/26E. If NMDC is successful in receiving faster EC clearances post government formation, we may see higher volume estimates for 2HFY25. Domestic iron ore supply situation is expected to remain tight with sharp increase in steel capacity over next few years and NMDC is well placed to cater to the demand.”

– Analysts at Prabhudas Lilladher Pvt Ltd

“We anticipated an improvement in the business prospects of some sub-verticals like capital markets to augur well for Mphasis. Our thesis played out during Sep’20 with BCM revenues reporting robust growth of 17% QoQ (USD). Growth mix during Q2FY21 (Direct: +10.9%, DXC: -15.5%; QoQ, CC) yet again brings to the fore the point that concerns around DXC are overblown. Potential visibility beyond Sep’21E on back of expected strong business and operational realignment generates a positive surprise. Deal win momentum continued to be impressive. Mphasis reported a robust increase (~75% YoY) in the deal pipeline. Ramp-up of these large deals provides strong growth visibility over the medium term.”

– Analysts at ICICI Securities