Q4 Results 2024 LIVE Updates: UltraTech Cement, KPIT Technologies, PNB Housing Finance, Tata Chemicals, UCO Bank, more to announce earnings today – The Financial Express

For the whole year, UltraTech recorded volume growth of 13%, backed by 11% during Q4FY24 and achieved a full-year EBITDA/mt of Rs 1,101.

Coal and petcoke (fuel) prices witnessed a drop during FY24. The company’s imported fuel consumption cost during Q4FY24 was 13% lower than Q4FY23 and it remained flat QoQ. Effective capacity utilization was 98% during the quarter and 85% for the full year.

UltraTech Cement in a statement said that it will demerge Kesoram Industries‘ cement business into the company. The Cement Business of Kesoram consists of 2 Integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total Installed capacity of 10.75 mtpa and 0.66 mtpa packing plant at Solapur, Maharashtra.

Trent‘s Q4 consolidated net profit before tax seen at Rs 3 billion Vs Rs 602 million YOY. The company’s Q4 EBITDA came in at Rs 4.69 against Rs 2.03 billion YOY. Also, its EBITDA margin stood at 14.24% Vs 9.31% on year.

Trent declared its Q4 results for FY24 and recorded a net profit of Rs 712.09 crore, a jump of 24.8 times year-on-year, against Rs 44.95 crore in Q4 of FY23. The company’s revenue from operations rose over 51% to Rs 3,297.70 crore in Q4 of FY24, in comparison to Rs 2,182.75 crore recorded in Q4 of FY23.

Trent has declared a dividend of Rs 3.2 per equity shares inQ4 of FY24. “The Board of Directors of the company have recommended a dividend of 320% i.e., Rs. 3.20/- per Equity Share of Re. 1/- each, subject to the approval of shareholders. The Dividend, if approved, shall be paid on or after the second day from the conclusion of the 72nd Annual General Meeting,” said the company in an exchange filing.

PNB Housing Finance clocked a net profit of Rs 443.80 crore in Q4 of FY24, a jump of 56.86% year-on-year, in comparison to Rs 282.91 crore it reported in the same quarter a year ago. The company’s revenue from operations came in at Rs 1,800.72 crore, an increase of 10.7% on year, against Rs 1,626.81 crore in Q4 of FY23.

The board of PNB Housing Finance has approved the proposal for issuance of Non – Convertible Debentures up to Rs 2,500 Crore (Rupees Two Thousand Five Hundred Crore Only) on Private Placement Basis, in one or more tranches, said the company in an exchange filing.

The company clocked a revenue growth of 9.4% on year in Q4 FY24, standing at Rs 20,418 crore against Rs 18,662.38 crore it posted in Q4 of FY23.

Ultratech Cements’ net profit in Q4 of FY2t4 rose 35.2% to Rs 2,258.58 crore Vs Rs 1,670.10 crore it reported in the same quarter a year ago.

Commenting on the Results, Kumar Taurani – Chairman & Managing Director of Tips Industry said, “I am pleased to announce that the year 2023-24 marked substantial growth for us, with revenues soaring by 29% YoY to Rs. 242 cr. Profits witnessed a remarkable surge, jumping by 66% YoY to Rs. 127 cr, a testament to our strategic initiatives and operational efficiency. In Q4FY24, we released 179 new songs, comprising 123 Film and 56 Non-Film songs, underscoring our commitment to diverse and engaging content. Notably, “Choli ke Peeche”, “Naina”, and “Ghagra” from Crew emerged as Top 10 Trending songs across major platforms, reflecting our ability to resonate with audiences. Our song “Dil Laga Liya” from the film “Dil Hai Tumhara” surpassed 1 billion views on YouTube, a significant achievement that underscores the enduring popularity of our catalog music. Our focus remains steadfast on selectively acquiring quality music rights, reflecting our commitment to delivering exceptional content experiences. Looking ahead to FY25, we anticipate a potential increase in content investment, contingent upon factors such as the availability of quality music and the release calendar of films.”

Tips Industry‘s revenue from operations stood at Rs 68.59 crore in Q4 of FY4, an increase of over 27% on year, against Rs 53.95 crore it reported in the same quarter last year.

Tips Industry in Q4 of FY24 has reported a net profit of 25.76 crore, a growth of 41% year-on-year, compared to Rs 18.33 crore it recorded in Q4 of FY23.

KPIT Technologies EBITDA margins were at 20.7%. Furthermore, the company’s EBITDA grew 40.5% y-o-y and 5.6% q-o-q, post full quarter cost of last quarter people additions and quarterly promotions. Rupee appreciation as compared to Q3FY24, impacted EBITDA by around 30 bps.

In Q4 of FY24, the company’s revenue from operations grew nearly 30% to Rs 1,317.8 crore Vs Rs 1,017.36 crore it reported in Q4 of FY23.

KPIT Technologies‘ net profit in Q4 FY24 increased by 48.7% to Rs 165.92 crore from Rs 111.58 crore it reported in the same period a year ago.

KPIT Tech recommends a final dividend of Rs 4.60 per equity share for FY24. “The dividend, if declared by the members at the AGM will be paid within the statutory timeline as per the Companies Act, 2013 & the Rules made thereunder,” said the company in an exchange filing.

While some aspects may be strenuous for banking, ICICI Bank may hold against the tide with steady earnings – FY26E ROA/ROE of >2%/15%. With merger-related uncertainties for HDFCB and the recent embargo on Kotak Bank, ICICI Bank is a clean play on the best-in-class class-RoA. ICICI Bank’s RoRWA has drastically improved and offers strong earnings compounder (let alone valuation re-rating). ICICI Bank should trade at a premium on high-quality earnings. “We tweak earnings marginally with an EPS upgrade of 3%/4% for FY25E/26E. Maintain a “Buy” with raised SoTP- target price of Rs 1,310 (from Rs 1,214) as we roll over to FY26E – ICICI Bank is our top pick in the sector,” said Elara Securities on ICICI Bank.

“Profitability for Maruti Suzuki has been resilient amid improved mix (led by SUVs & CNG), controlled discounts, and healthy operating leverage; this drives a 5%/4% upgrade in our estimates for FY25/FY26 EPS; we now build a 5%/7% volume/EPS CAGR over FY24-26 and retain our “Reduce” rating on the stock with a revised target price of Rs 11,200 per share at 25x core FY26E P/E (Rs10,700/share earlier),” said Emkay Global on Maruti Suzuki.

“Bank’s CET 1 ratio has slipped to 13.4% due to added risk weights on Cards/PL book and its higher growth rate, which we believe would call for capital raise in FY25. Factoring in the relatively sticky operational cost and higher LLP, we cut FY25E/26E earnings 13%/6%; we expect the bank to deliver RoA/RoE at 1.2-1.3%/11-13% in FY25-26E. We retain “Add” and target price of Rs98/share, valuing the bank at 1.8x FY26E ABV,” said Emkay Global in a research report.

The stock of Yes Bank shares opened higher at Rs 27.50 per share on the NSE and reached an intraday high of Rs 28.55 a piece on April 29. This surge follows the bank’s announcement of robust Q4 2024 results on Saturday. YES Bank reported an increase of 2.2 times year-on-year in net profit for the fourth quarter (Q4) of FY24, soaring to Rs 452 crore from Rs 202.4 crore in the same period last year,

As challenges refuse to abate, both business and asset quality may remain strained in the next 12-18 months, proving a drag on earnings. SBI Card’s cautionary stance on new business acquisitions with risk management taking precedence should place it in hibernation mode. Moreover, the ambiguity around Regulatory intervention in the card business would prove a valuation drag. “We prune down estimates of Cards o/s CAGR to 12%, spends to 23%, loans to 24%, in turn denting RoAs to fall to 4.7% and RoEs to 21%. Our FY25-26E estimate is cut by 3-6%. We reiterate “Sell” on the stock. We ascribe a multiple of 21x (earlier 22x) to Sep’25E P/E arriving at an unchanged target price of Rs 719,” said Elara Capital on SBI Cards and Payment Services’ Q4 results.

ICICI Bank during the quarter saw single-digit growth in its top-line which was led by the declining margin during the quarter as the cost of funds increased. However, its advances and deposits are growing at a healthy pace and in a sustained manner which is aiding the bank to grow its business with robust asset quality. The bank is expected to improve its margins and generate healthy returns. “Financially, we expect NII/PPOP/PAT to grow at 13%/7%/9% CAGR over FY24-26E. We maintain a “Buy” rating on ICICI Bank and increase our target price of Rs 1,295 valuing the bank at 2.4x of its FY26E Adj. BV.,” said Religare Broking.

The valuation gap is quite meaningful between 1-year forward PE (23x) and HCL Technologies‘ 10-year median (16x), otherwise, any correction from here would make the valuations even more attractive. “We are baking in USD revenue growth of 4.5% and 9.5% YoY with margin improvement of 10bps and 80bps for FY25e and FY26e, respectively. The stock is currently trading at 21x FY26e, we are assigning PE of 22x to FY26e with a target price of INR 1,550. With that, we assume coverage on HCL Tech with an “Accumulate” rating,” said Prabhudas Lilladher.

“We expect its loan book to grow at a CAGR of 17% over FY24-26E, led by technology initiatives. The credit cost normalization is underway. We estimate return ratios ROA/ROE of 2.3% and 18.2% in FY26E. We value the standalone entity with 2.7xFY26E BVPS (₹478) and of investment in subsidiaries and JVs (₹121 per share); we arrive at a target price of ₹1,412. We recommend a “Buy” rating with a potential upside of 28%,” said LKP Securities.

On Saturday, IDFC First Bank posted its Q4FY24 net profit at Rs 724 crore, a fall of 10% year-on-year (y-o-y), primarily due to lower trading gains and higher provisions in the reporting quarter. The net profit was lower than the Bloomberg consensus estimate of Rs 756 crore for Q4.

“Net Profit for Q4FY24 stood at Rs 724 crore as compared Rs 803 crore in Q4FY23. The PAT for Q4FY23 was Rs 701 crore excluding one-time items already called out in Q4FY23,” the lender said in a release.