Q4 results today LIVE: SBI, ITC beat analysts' estimates, announce dividends; GAIL disappoints
Q4 results LIVE; SBI, ITC, GAIL earnings: State Bank of India (SBI), the country's largest lender by assets, reported a quarterly net profit on Thursday that far exceeded analysts' estimates, as India Inc stayed in the last leg of the earnings season. More than 100 corporates are scheduled to report their financial results on May 18, including ITC, GAIL and Interglobe Aviation (IndiGo), Tata Elxsi, PNB Housing Finance, Concor, United Spirits, HCC, Syrma SGS, Divgi Torqtransfer Systems, Clean Science, Gland Pharma, Ujjivan Financial, Bata, RITES and Jet Airways.
Catch minute-by-minute updates on the latest Q4 results reported by India Inc and what to make of them, management commentary, LIVE analysis and the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more only on Zeebiz.com's blog:
Q4 results LIVE; SBI, ITC, GAIL earnings: State Bank of India (SBI), the country's largest lender by assets, reported a quarterly net profit on Thursday that far exceeded analysts' estimates, as India Inc stayed in the last leg of the earnings season. More than 100 corporates are scheduled to report their financial results on May 18, including ITC, GAIL and Interglobe Aviation (IndiGo), Tata Elxsi, PNB Housing Finance, Concor, United Spirits, HCC, Syrma SGS, Divgi Torqtransfer Systems, Clean Science, Gland Pharma, Ujjivan Financial, Bata, RITES and Jet Airways.
Catch minute-by-minute updates on the latest Q4 results reported by India Inc and what to make of them, management commentary, LIVE analysis and the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more only on Zeebiz.com's blog:
Latest Updates
Tata Elxsi Dividend | Board recommends Rs 60.6/share payout
The Tata group company says its board has recommended a final dividend of Rs 60.6 per share — a 606 per cent payout given the face value of Rs 10 per share.
The company says the dividend, subject to tax, will be paid on or after the seventh day from the conclusion of the company's 34th Annual General Meeting subject to shareholders' approval.
Tata Elxsi Dividend | Board recommends Rs 60.6/share payout
Concor Q4 Results | Standalone net profit at Rs 278.4 crore vs Rs 257 crore a year ago
According to Zee Business research, the company's quarterly net profit was estimated at Rs 345 crore.
Its revenue comes in at Rs 2,170 crore for the March quarter, as against Rs 2,043 crore for the corresponding period a year ago, according to a regulatory filing.
Container Corporation (Concor) declares Rs 2/share dividend
IndiGo Q4 Results | Net profit at Rs 919.2 crore, better than analysts' estimates
Ramco Cements Q4 Results | Net profit rises to Rs 152 crore from Rs 124 crore a year ago
The cement maker reports revenue of Rs 2,559 crore as against Rs 1,698 crore for the corresponding period a year ago.
Its margin, however, shrinks by 120 basis points to 16.1 per cent.
Ramco Cements announces Q4 results, announces Rs 2/share dividend
GAIL Q4 results miss analysts' estimates
The state-run oil & gas explorer reports a quarterly net profit of Rs 604 crore and revenue of Rs 32,860 crore.
According to Zee Business research, GAIL's quarterly net profit was estimated at Rs 980 crore and revenue at Rs 43,700 crore.
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Read more on GAIL Q4 results
GAIL Q4 Results | Revenue at Rs 32,860 crore vs Rs 35,380 crore in Q3
GAIL Q4 Results | Standalone profit up 2.5x at Rs 604 crore vs previous quarter
SBI Q4 Results | NPA provisioning at Rs 1,278 crore vs Rs 3,262 crore a year ago
SBI Q4 Results | NII grows 29.5% to Rs 40,392.5 crore
State Bank of India's net interest income — the difference between interest earned and interest paid — comes in at Rs 40,392.5 crore for the quarter ended March 2023 as against Rs 31,197.9 crore for the corresponding period a year ago, according to a regulatory filing.
SBI Q4 Results | India's largest bank by assets beats analysts' estimates with Rs 16,694.5 crore net profit, announces Rs 11.3/share dividend
Share Market Today LIVE | Zydus Lifesciences shares fail to hold on to green
Zydus Lifesciences shares trade only briefly in the green zone after the earnings and dividend announcements. The stock has so far today gyrated in the Rs 507.6-522.9 range on BSE.
Image: BSE
Catch minute-by-minute updates on the Indian share market here
Zydus Lifesciences Q4 Results | Net profit at Rs 297 crore vs Rs 397 crore a year ago, misses estimate
The company's revenue comes in at Rs 5,010 crore for the quarter ended March 2023 as against Rs 3,864 crore for the corresponding period a year ago, according to a regulatory filing.
According to Zee Business research, Zydus Lifesciences' quarterly net profit was estimated at Rs 722 crore and revenue at Rs 4,722 crore.