Earnings:
*
Lupin:
Q4 net profit declined 22.5% to 267.7 crore, but revenue grew 8.5% to 3,927 crore.*
HUL:
Estimated subdued earnings growth for Q4FY24 with a projected revenue growth of 1.16% to 15,067 crore and a net profit growth of 2.71% to 2,538 crore.*
Tata Elxsi:
Net profit decreased 4.6% to 197 crore in Q4FY24, while revenue declined 1% to 906 crore.*
L&T:
Produced and shipped a hydrotreating reactor to Mexico for the Antonio Dovali Jaime Refinery, manufactured in a record time of 15 months.*
MCX:
Reported a net profit of 87.8 crore for Q4FY24, marking an end to two consecutive quarters of losses.*
Juniper Green Energy:
Signed a PPA with Tata Power for an 85 MW hybrid power project in Maharashtra, combining wind and solar energy.*
Cyient DLM:
FY24 PAT increased 92.9% to 61.2 crore, with a revenue growth of 43.2% to 1,192 crores.*
Gokaldas Exports:
Announced a qualified institutional placement (QIP) offering at an issue price of 775 per equity share.*
Nelco Ltd:
Q4 net profit rose 7% YoY to 6.1 crore, while revenue declined slightly by 0.5% to 81.6 crore.Deals and Investments:
*
Lupin:
Received an Establishment Inspection Report (EIR) from the US FDA for its manufacturing facility in Aurangabad.*
Lupin:
Announced a board meeting on May 6 to review financial results and discuss potential dividend recommendations.*
ICICI Prudential:
New business margin declined due to reduced demand for high-value policies, resulting in a VNB margin of 24.6% from 32% the previous year.*
MH Industries:
Received seven bids for the Production Linked Incentives (PLI) scheme, attracting bids for a total capacity of 70 GWh.*
IIFL Finance:
Initiated a special audit upon RBI directive and paused new gold loan issuance until satisfactory completion.*
Cyient DLM:
FY24 EBITDA grew 26.5% to 111 crores, with a margin of 9.3%.*
Nelco Ltd:
Proposed a final dividend of 2.*
