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Buzzing Stocks: BPCL, Abott India, Gopal Snacks, Relaxo Footwear, Shyam Metallics, VST Tillers, Brigade Enterprises and others in news.
Bharat Petroleum Corporation Limited: The company reported on May 9 a consolidated net profit of Rs 4,789.57 crore in Q4 FY24, a decline of 30 percent YoY. BPCL's revenue from operations declined marginally to Rs 1.32 lakh crore in the same period. The company's board recommended the issue of bonus shares in the ratio of 1:1.
Suryoday Small Finance Bank: The bank reported a 56.3 percent YoY increase in net profit at Rs 60.8 crore in Q4 FY24. The gross non-performing assets (GNPA) stood at 2.94 percent in the March quarter against 3.06 percent in the December quarter. Provisions stood at Rs 48.2 crore against Rs 37.9 crore QoQ and Rs 51.5 crore YoY. The bank's provision coverage ratio during the quarter was 71.2 percent.
Solara Active Pharma Sciences: The company approved a rights issue to raise Rs 449.95 crore. The rights shares are priced at Rs 375 per equity share, which includes a premium of Rs 365 per equity share, the company said in a regulatory filing. The issue is scheduled to open on May 28, 2024, and will close on June 11, 2024.
Abott India: The company reported a 24 percent YoY growth in net profit at Rs 287 crore in Q4 FY24. The company's revenue increased 7 percent to Rs 1,439 crore from Rs 1,343 crore in the year-ago period. Abott India's board recommended the payment of a final dividend of Rs 410 per equity share of Rs 10 each for the year ended March 31, 2024, subject to shareholders' approval.
ADF Foods: ADF Foods' revenue from operations was Rs 153 crore in Q4 FY24 as compared to Rs 123 crore in the same quarter of the previous year. Profit after tax increased to Rs 25 crore in Q4 FY24 as compared to Rs 16 crore in the same quarter the previous year.
Gopal Snacks: Profit after tax for Gopal Snacks declined 4.15 percent to Rs 26.11 crore in the January-to-March quarter. While revenue increased 6.6 percent to Rs 358 crore in the quarter ended March 2024.
Relaxo Footwear: Relaxo Footwears reported a consolidated net profit of Rs 61.4 crore in Q4 FY24, a decline of 3 percent. The company's total revenue fell 2.3 percent to Rs 747.2 crore in the same period. EBIDTA was at Rs 120.4 crore, growing by 117.9 percent in the January-to-March quarter. The company proposed a final dividend of Rs 3 per share for FY24, subject to approval at the upcoming Annual General Meeting.
Shyam Metallics: Realizations on the sale of stainless steel increased by 54.46 percent as compared to the previous year for Shyam Metallics. Stainless steel volumes increased by 33.68 percent on a year-over-year basis. While stainless steel volumes grew 17.45 percent on a MoM basis.
Rushil Décor: The company's profit after tax fell 33.61 percent YoY to Rs 9 crore in Q4 FY24. The company's revenue from operations increased 9.7 percent YoY to Rs 233 crore in the January-to-March quarter. Also, the company announced a dividend of Rs. 1 per share.
VST Tillers and Tractors: VST Tillers Tractors reported a 13.4 percent YoY drop in net profit at Rs 34.8 crore in Q4 FY24. The company's revenue from operations fell 15.3 percent to Rs 273.4 crore in the January-to-March quarter. The company's board has recommended a final dividend of Rs 20 per equity share, which will be paid once approved by the shareholders at the annual general meeting.
Intellect Design Arena: Intellect Design Arena's revenue declined 1 percent to Rs 612 crore YoY in Q4 FY24. The company’s board has recommended a final dividend of Rs 3.50 per share on the face value of Rs 5 each on equity shares for the financial year ended March 31, 2024.
Brigade Enterprises: The company has inked an agreement for a prime land parcel located on Old Madras Road in Bengaluru. The project is spread across 4.6 acres, and the total development potential of the residential project will be around 0.69 million square feet with a gross development value of Rs 660 crore.
