Patel Engineering’s strong financial performance in the fourth quarter has led to a significant 12% increase in its stock price today. The company’s profit soared by 83%, driven by a rise in revenue and higher margins. Patel Engineering’s long-term growth potential is further highlighted by its impressive track record of gains over the past three years.
TVS Motor Company’s shares witnessed a significant rise of over 6% after the company reported a 15% jump in its consolidated net profit for the fourth quarter ended March 2024. The stock’s value surged by 5.73% to ₹ 2,121.30 on the BSE and 6.32% to ₹ 2,123 on the NSE. The company attributed this growth to a 22% increase in overall two-wheeler and three-wheeler sales, including exports, which reached 10.63 lakh units compared to 8.68 lakh units in the same period of the previous fiscal. For the full year ended March 31, 2024, TVS Motor’s consolidated net profit climbed by 26.9% to ₹ 1,686 crore, while its revenue from operations grew by 22.4% to ₹ 39,145 crore.
Japan Airlines (JAL) Group has experienced a strong recovery in fiscal year ending March 2024, with revenue and profit witnessing significant growth. The post-pandemic demand resurgence, particularly in international travel, drove JAL’s revenue to JPY 1 trillion 651.8 billion, reflecting a 20% increase year-on-year. The company’s EBIT soared to JPY 145.2 billion, exhibiting a 120% growth compared to the previous fiscal year. The surge in revenue and profit is attributed to the strong rebound in demand following the resumption of free travel post-COVID-19. JAL’s strategic efforts to stimulate domestic demand and effective cost management contributed to improved profitability.
