📷 Image Credits: The Economic Times
Stocks in news have been buzzing with the latest financial results of several prominent Indian companies. NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya have all reported significant developments in their Q4 FY24 results.
Among these, NTPC stood out with a remarkable 33% year-on-year surge in net profit to Rs 6,490 crore, accompanied by a 7.6% increase in revenue to Rs 47,622 crore. This growth can be attributed to a 4.15% rise in gross power generation to 93.387 billion units in Q4, fueled by high power demand due to soaring temperatures across the nation. The company also recommended a final dividend of Rs 3.25 per share.
Equally noteworthy is Cochin Shipyard, which reported a staggering 558.1% year-on-year spike in profit to Rs 258.88 crore and a remarkable 114.3% increase in revenue to Rs 1,286 crore in Q4. This impressive performance underscores the company’s solid financial standing amidst challenging market conditions.
On the other hand, Hindustan Copper experienced a 22.12% rise in consolidated Q4 net profit to Rs 246.2 crore. The company’s total income during the quarter stood at Rs 1,813.05 crore, reflecting its resilient business operations in the face of economic fluctuations.
Karnataka Bank faced a 22.5% year-on-year decrease in profit to Rs 274.2 crore and a 3% decline in net interest income to Rs 834 crore in Q4. Despite these challenges, the bank remains focused on enhancing its operational efficiency and service offerings.
Lastly, Narayana Hrudayalaya reported a notable 17.7% year-on-year increase in Q4 net profit at Rs 195 crore, while its revenue from operations saw a 4.7% growth to Rs 1,279.4 crore. This positive performance highlights the company’s commitment to delivering quality healthcare services amidst a dynamic market landscape.
In conclusion, these updates signify the diverse trends in the Indian business landscape, showcasing the resilience and growth potential of key players across different sectors.
