Finance company Piramal Enterprises announced Q4FY24 & FY24 results:
Financial Highlights:
- Growth AUM up 55% YoY to Rs 54,273 crore | 79% of total AUM
- Retail AUM (Rs 47,927 crore) form 70% of total AUM | Mortgages 68% of retail AUM
- Wholesale 2.0 AUM now at Rs 6,347 crore | Avg. ticket size – new RE: Rs 141 crore, CMML: Rs 59 crore
- Wholesale 1.0 AUM down 22% QoQ to Rs 14,572 crore, down 66% since end-FY22
- 90+ DPD stable-to-down across retail products | Wholesale 2.0 asset quality strong
- Overall, GNPA ratio at 2.4% and NNPA ratio at 0.8%
- Total capital adequacy at 25.6% with net worth of Rs 26,557 crore
- AIF recoveries of Rs 450 crore and provision write-back of Rs 1,067 crore in Q4 FY24
- Assessed carry forward business loss of Rs 10,627 crore is available for set off against business profits of future years starting FY 25
- NII up 36% YoY to Rs 839 crore in Q4FY24. Cost of funds drives NIM down 100bps YoY to 6.8%
- NII up 50% YoY in FY24 to Rs 3,065 crore
- Strong fee income growth of 111% YoY of Rs 190 crore in Q4FY24
- Fee income up 101% YoY to Rs 570 crore in FY24
- PBT of Rs 273 crore in Q4FY24 (vs Rs 34 crore in Q4FY23)
- PBT up 39% in FY24 YoY to Rs 1,044 crore
Download ResultElectric Utilities company Tata Power Company announced Q4FY24 & FY24 results:
Financial Highlights:
• FY24 PAT at an all-time high at Rs 4,280 crore
• Consolidated Revenue for FY24 grows 10% to an all-time high of Rs 61,542 crore
• Consolidated EBITDA for FY24 grows 26% to an all-time high of Rs 12,701 crore
• Q4FY24 PAT grows 18% to Rs 1,109 crore
• Q4FY24 Revenue grows 27% to Rs 16,256 crore
• Q4FY24 EBITDA grows 8% to Rs 3,358 crore
• CRISIL Ratings Limited has upgraded the Company’s LongTerm rating on the bank loan and debt facilities from ‘CRISIL AA/Positive’ to ‘CRISIL AA+/Stable’ and has reaffirmed its ‘CRISIL A1+’ rating on the Company’s commercial paper programme and short-term facilities
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, " The Company reported yet another quarter of stellar results with Q4FY24 being the 18th consecutive quarter of PAT growth. The operational and financial performance of all our core businesses – Generation, T&D and Renewables - has been strong and is on a growth path.
Today, Tata Power stands at the forefront of India's energy transition with its integrated presence across the value chain. Our clean energy portfolio will touch 15 GW by FY27 and we are committed to supplying round-the-clock renewable energy to our consumers with a mix of solar, wind and Pumped Hydro Storage Projects in our portfolio.
The Odisha Discoms have demonstrated the success of the Public Private Partnership model and are now profitable within a short span of three years. We are well-poised to take on newer power distribution opportunities once they open for privatization.
The rooftop solar business is displaying growth momentum and with a portfolio of over 2 GW, we are well-positioned to tap the increasing opportunities, especially under the PM Surya Ghar Yojana which aims to light up one crore households.
We continue our journey to be the most preferred and trusted green energy solutions provider and utility of choice for every customer.”
Healthcare Services company Vijaya Diagnostic Centre announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Financial Performance: reported a robust YoY revenue growth of 28.3%, with a total revenue from operations of Rs 1,552.1 million.
- Profitability: The company observed a Profit after Tax (PAT) increase by 21.7% in Q4FY24, reaching Rs 334.5 million.
- Operational Metrics: Vijaya Diagnostic Centre revealed operational highlights, showing a Total Tests increase of 24.1% in Q4FY24 compared to Q4FY23.
FY24 Financial Highlights:
- Financial Performance: FY24 showed a substantial revenue increase of 19.3%, accumulating to a total of Rs 5,478.1 million in revenue from operations.
- Profitability: The annual PAT shot up by 40.4% to Rs 1,188.3 million in FY24.
Commenting on the performance Suprita Reddy, MD & CEO said, “I'm happy to share that this quarter too maintained our strong business performance, showcasing exceptional year-over-year revenue growth of 28.3%, of which an impressive 18.5% was achieved organically. This quarter also marked a notable milestone with the wellness contributing 14% of the revenue.
After completing six months of productive business operations, our Tier II hub centre in Mahbubnagar has gained a lot of momentum and broken even in just two quarters, showing a high demand for quality diagnostics in the area, and enforcing Vijaya’s reputation as a trusted brand.
We have made significant strides toward integrating PH Pune with the parent company. With effect from April 1st, 2024, we have successfully moved all of PH's essential ERP and other IT systems to the parent company's applications. Furthermore, it gives me great pleasure to announce that we have co-branded PH as Vijaya PH.
By strategically expanding and directing our capabilities towards future opportunities, we are confident in our ability to consistently deliver lasting value to our stakeholders”
Heavy Electrical Equipment company Kirloskar Oil Engines announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Standalone:
- Net sales at Rs 1,378 crore for Q4FY24 vs Rs 1,141 crore for Q4FY23; 21% increase YoY
- EBITDA at Rs 178 crore for Q4FY24 VS Rs 129 crore for Q4FY23; 38% increase YoY
- EBITDA margin# at 12.8% for Q4FY24 vs 11.2% for Q4FY23
- Net profit at Rs 118 crore Q4FY24 vs Rs 93 crore for Q4FY23; 26% increase YoY
- Cash and cash equivalents of Rs 269 crore
Consolidated:
- Revenue from operations at Rs 1,660 crore for Q4FY24 vs Rs 1,384 crore for Q4FY23; 20% increase YoY
- Net profit at Rs 131 crore for Q4FY24 vs Rs 107 crore for Q4FY23; 23% increase YoY
FY24 Financial Highlights:
Standalone:
- Net sales at Rs 4,806 crore for FY24 vs Rs 4,073 crore for FY23; 18% increase YoY
- EBITDA at Rs 578 crore for FY24 vs Rs 457 crore for FY23; 26% increase YoY
- EBITDA margin at 11.9% for FY24 vs 11.1% for FY23
- Net profit at Rs 375 crore for FY24 vs Rs 298 crore for FY23; 26% increase YoY
Consolidated:
- Revenue from operations at Rs 5,898 crore for FY24 vs Rs 5,024 crore for FY23; 17% increase YoY
- Net profit at Rs 468 crore for FY24 vs Rs 360 crore for FY23; 30% increase YoY
Commenting on the Q4 and full year results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter and the entire year have been exceptionally noteworthy for Kirloskar Oil Engines. We achieved our highest-ever quarterly and yearly revenue figures, surpassing Rs. 500 crore in international sales for the first time. I firmly attribute this success to the relentless efforts of our teams, fueled by robust market demand. This marks the beginning of our ambitious journey towards becoming a technology driven leader in the power and energy systems.
From a business perspective, our CPCB IV+ products have experienced good traction, alongside the encouraging response for the newly introduced Optiprime range. Our B2B segment growth was backed by strong demand in key sectors such as construction, infrastructure, and railways. Meanwhile, our efforts focused to enhance profitability in the B2C segment have yielded substantial improvements in segment PBIT compared to the previous year.
Undoubtedly, it has been a challenging year operationally, navigating the transitions associated with emission norm changes. However, thanks to the dedication of our team and the support of our partners, we have successfully managed this transition. As we embark on the final year of our 2X 3Y journey, I am confident in the readiness and determination of the entire Kirloskar Oil Engines team to stay the course."
IT Consulting & Software company Datamatics Global Services announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue from Operations: Rs 412.7 crore; increased by 11.8% QoQ and decreased by 0.9% YoY.
- EBITDA: Rs 64.7 crore; increased by 22.8% QoQ and decreased by 23.2% YoY.
- EBITDA Margin: 15.7%; increased by 141 basis points (Bps) QoQ and decreased by 455 Bps YoY.
- EBIT: Rs 55.9 crore; increased by 27.8% QoQ and decreased by 25.8% YoY.
- EBIT Margin: 13.5%; increased by 170 Bps QoQ and decreased by 455 Bps YoY.
- Profit Before Tax (PBT): Rs 71.3 crore; increased by 32.6% QoQ and decreased by 11.0% YoY.
- Profit After Tax (PAT) (After Non-Controlling Interest): Rs 52.5 crore; increased by 27.2% QoQ and decreased by 12.0% YoY.
- PAT Margin: 12.3%; increased by 138 Bps QoQ and decreased by 191 Bps YoY.
- Diluted Earnings Per Share (EPS): Rs 8.90; increased by 27.1% QoQ and decreased by 12.1% YoY.
FY24 Financial Highlights:
- Revenue from Operations: Rs 1,549.9 crore; increased by 6.2% YoY.
- EBITDA: Rs 244.0 crore; increased by 0.6% YoY.
- EBITDA Margin: 15.7%; decreased by 88 basis points (Bps) YoY.
- EBIT: Rs 207.7 crore; remained almost unchanged with a marginal increase of 0.1% YoY.
- EBIT Margin: 13.4%; decreased by 82 Bps YoY.
- Profit Before Tax (PBT): Rs 250.8 crore; increased by 3.1% YoY.
- Profit After Tax (PAT) (After Non-Controlling Interest): Rs 198.2 crore; increased by 4.9% YoY.
- PAT Margin: 12.4%; decreased by 19 Bps YoY.
- Diluted Earnings Per Share (EPS): Rs 33.60; increased by 4.9% YoY.
Commenting on Q4FY24 results, Rahul Kanodia, Vice Chairman and CEO, said, "We are happy to end Q4FY24 on a healthy note. Our revenue increased by 11.8% QoQ and EBIT increased by 27.8% QoQ. For FY24, we witnessed a revenue growth of 6.2% over FY23."
He further added, “As we step into FY25, we will continue to focus on the Western markets, strengthen capabilities along hyper-scalers, and penetrate deeper into existing accounts. In line with this, we recently acquired Dextara Digital, a premier provider of Salesforce services. We remain bullish on the opportunities that Artificial Intelligence presents and have incorporated GenAI in our Intelligent Automation suite of products. We have strengthened the management team and will continue to do so through the course of the next year.”