Q4 results 2024 highlights: Coal India net profit up 26%, final dividend of Rs 5/share announced

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--Coal India reported 26 percent jump in consolidated net profit at Rs 8,682 crore for the March quarter as against Rs 6,875.07 crore a year ago.

--Sequentially, net profit was down 14 percent from Rs 10,130 crore in Q3FY24.

--Revenue from operations dipped 2 percent to Rs 37,410.39 crore

--Coal India recommended a final dividend of Rs 5 per share for the financial year 2023-2024.

--CIL’s consolidated sales also fell to Rs 39,654.4 crore in the January-March period from Rs 40,371.5 in the corresponding period of the previous fiscal year, a decrease of 1.8 percent.

--Coforge Limited reported a 95 percent jump in consolidated net profit at Rs 224 crore for March quarter from Rs 146 core.

-- Coforge revenue from operations rose 9% to Rs 2,359 crore

--Company has agreed to acquire 54 percent stake in Cigniti Technologies Limited for Rs 1,415 per share.

--Board recommended a dividend of Rs 19 per share

--Shares of Coforge closed 2.24 percent lower at Rs 4,986.10 apiece on BSE today.

--South Indian Bank reported a 13.88 per cent decline in March quarter net profit to Rs 287.56 crore. The private sector bank posted a net profit of Rs 333.89 crore in the January-March period of the 2022-23 fiscal year.

--Total expenditure increased to Rs 2,187 crore in the March quarter, from Rs 1,757 crore in the same period a year ago.

--The bank's total income rose to Rs 2,621 crore in the fourth quarter of 2023-24, from Rs 2,318 crore in the year-ago period.

--For 2023-24 fiscal, the bank's net profit rose 38 per cent to Rs 1,070 crore, from Rs 775 crore in the 2022-23 fiscal.

--The bank's board has recommended a dividend of Rs.0.30 per equity shares of face value of Re 1 each (30 per cent) for the financial year ended March 31, 2024

"Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development," said Gautam Adani, Chairman of the Adani Group. "AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management."

--Net profit down 38% at Rs 451 cr vs Rs 723 cr (YoY)
--One-time loss at Rs 624 cr vs loss of Rs 369 cr (YoY)
--Revenue up 0.8% at Rs 29,180 cr vs Rs 28,944 cr (YoY)
--EBITDA down 11% at Rs 3,195 cr vs Rs 3,607 cr (YoY)
--Margin at 10.9% vs 12.5% (YoY)

Shares of Adani Enterprises slipped into red at Rs 3,046 apiece on BSE post Q4 earnings results. The stock has been down nearly 6% in the last one month.

-- Net profit falls 38% YoY to Rs 450 crore from 722 crore in the year-ago period.

--The Adani flagship firm's revenue rose nearly 1 percent to Rs 29,180 crore in March quarter.

--Firm declared dividend of Rs. 1.30 per share for the Financial Year 2023-24, subject to approval by shareholders

"We've ended the year with a steady performance. underscoring the power of the Dabur's brands. We have been investing heavily behind our brands, which increased by 33%, to drive demand and also sustain the growth momentum. This has helped us deliver steady sales and profit growth in the fourth quarter despite multiple headwinds. We continued to execute on our strategic playbook by driving operational excellence, delivering innovative and premium products, and expanding our retail footprint to build the foundation for long-term profitable, sustainable growth," Dabur India Limited Chief Executive Officer Mohit Mathotra said.

Shares of Dabur India were trading 3.75 percent up at Rs 526.60 apiece on BSE post better-than-expected Q4 show.

--Dabur India reported consolidated net profit of Rs 350 crore for the March quarter, registering a growth of 16 percent from Rs 301 crore in the same quarter of the previous financial year.

--Revenue of the company was Rs 2,814.64 crore, rising 5.11 percent from Rs 2,677.80 crore in the year-ago quarter.

--Revenue and net profit exceeded estimates. The company was expected to report a Rs 2,735-crore revenue according to mean estimates of seven brokerage firms. The net profit was expected at Rs 335 crore in the January to March quarter.

--The Board of Directors of the Company have recommended Final Dividend of Rs. 2.75 per equity share for the financial year 2023-2o24.

--According to consensus estimates of 11 brokerages, Coal India's revenue for Q4 is expected to increase by 8.7 percent to Rs 38,152 crore as against Rs 35,092 crore in Q4FY23.

--PAT, on the other hand, is expected to increase by 27 percent to Rs 7,617 crore from Rs 5,533 crore in Q4FY23, but is expected to decline on a QoQ basis.

--EBITDA for the reporting period is also expected to increase by around 45 percent YoY to Rs 10, 132 crore as against Rs 6,898 crore in Q4FY24, but decline on a QoQ basis by around 11 percent.

Shares of Adani Ports on May 2 were trading 1 percent higher at Rs 1,338.90 apiece on BSE during late trading hours after Q4 results announcement.

On the middle east unrest, APSEZ said the is closely monitoring the ongoing war situation 'which is now only restricted to a concentrated area'. It is not having any adverse implications on the operations as of now, it added. The Adani Group effectively owns 70% stake in Israel's Haifa Port.

Commenting on the results, Ashwani Gupta, Whole-Time Director & CEO, said, “FY24 has been a year of many new milestones for APSEZ on both operational and financial metrics. APSEZ outperformed its upper end of guidance provided at the beginning of the financial year on cargo, revenue, and EBITDA by 6%-8%, while closing the year with net debt to EBITDA ratio of 2.3x vs its guidance of 2.5x. Clearly, the company’s business model of end-to-end service, strategic partnership with key customers, leveraging the network effect through its string of ports, and focus on operational efficiencies is yielding results."

"With incremental cargo volumes of 100 MMT achieved in less than two years, APSEZ is well poised to achieve 500 MMT of cargo volumes in 2025, aided by recently acquired Gopalpur Port, and the scheduled commissioning of Vizhinjam Port in the current year and WCT next year. We continue to invest heavily in the business to drive growth, particularly in the logistics segment. Our newly launched trucking segment enables APSEZ to provide the last-mile connectivity solution to its customers. Our efforts towards sustainable business growth are well recognized in the top decile ESG rating from four global rating agencies.”

--Cargo volumes during the period to be 460-480 MMT
--Revenue for the period to be Rs 29,000-31,000 Cr
--EBIDTA for the period to be Rs 17,000-18,000 Cr
--Net Debt to EBITDA to be 2.2-2.5x
--Capex for the period to be in the range of Rs 10,500-11,500 Cr

--Volume grew 24% Y-o-Y to 420 MMT
--Revenue grew by 28% Y-o-Y to reach record high of Rs 26,711 Cr
--EBITDA jumps 44% Y-o-Y to Rs 15,751 Cr
--PAT increased by 50% Y-o-Y to Rs 8,104 Cr
--Net Debt to EBITDA for FY24 at 2.3x vs 3.1x in FY23
-- Acquires Gopalpur Port and Karaikal Port to drive growth and improve east-west parity

--Adani Ports reported 76% jump in consolidated net profit (attributable to equity shareholders of parent) at Rs 2,040 crore for the quarter ended March 31, 2024, helped by a jump in cargo volumes.

--The Adani Group firm's revenue from operations rose 19% to Rs 6,897 crore in Q4FY24.

--The company declared dividend of Rs 6 per equity share of Rs 2 face value for the financial year 2023-24.

--At 1330 hours on May 2, Adani Ports' shares were trading 1.2% higher at Rs 1,341 apiece.

Board approves dividend of Rs 1.20 per equity share of the face value Rs. 2 each for the financial year 2023-24, subject to the approval of the shareholders.

--Federal Bank's net interest income (NII) was up 15% YoY

-- Gross NPA and Net NPA remained more or less stable year-on-year at 0.30% vs 0.36%.

--Federal Bank reported nearly flat net profit at Rs 906 crore for the quarter ended 31 March, 2024. Sequentially, the net profit fell 10 percent from Rs 1,007 crore in Q3FY24.

--Shares of Federal Bank were trading nearly 2 percent up at Rs 165.85 apiece on BSE post earnings announcement. The stock rose by nearly 5% to hit 52-weak high at 170.25 apiece earlier today.

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