Q4 Results: Jindal Steel Turns Loss Making; Indus Towers Profit Falls
Companies like Jindal Steel turns loss making due to exceptional losses as they posted their fourth quarter results. Indus Towers also reported a slip in profit as well.
Upcoming Q4 Results: Adani Ports, Home First Finance
That's a warp on flurry of fourth quarter earnings that companies have posted for the day. Don't forget to follow the earnings updates for tomorrow, as big names like Adani Ports, Adani Enterprises along with Home First Finance Company India are set to post results
Q4 Results Live: Indus Towers Profit Falls
Indus Towers Q4 Highlights (Consolidated, QoQ)
Revenue up 2.4% to Rs 7,727 crore versus Rs 7,547 crore.
Ebitda down 37% to Rs 4,395 crore versus Rs 6,997 crore.
Margin at 56.9% versus 92.7%.
Net profit down 55.6% to Rs 1,779 crore versus Rs 4,003 crore.
Q4 Results Live: Jindal Steel Turns Loss Making, Misses Estimates
Jindal Steel Q4 Highlights (Consolidated, YoY)
Revenue down 2.3% to Rs 13,183.13 crore versus Rs 13,496.96 crore. (Bloomberg Estimate: Rs 12,419 crores)
Ebitda down 7% to Rs 2,270.75 crore versus Rs 2,449.49 crore.
Margin at 17.2% versus 18.1%.
Net profit down 136% to a loss of Rs 339.40 crore versus a profit of Rs 935.37 crore. (Estimates: Rs 1,078 crores)
The company had an exceptional loss of Rs 1,229 crore in the fourth quarter.
Q4 Results Live: Sundram Fasteners Declares Dividend
After declaring their fourth quarter results, the company is set to pay second interim dividend of Rs 4.2 per share.
Q4 Results Live: Sundram Fasteners Profit Falls
Sundram Fasteners Q4 Highlights (Consolidated, YoY)
Revenue up 4.4% to Rs 1,530.59 crore versus Rs 1,466.48 crore.
Ebitda down 2% to Rs 224.71 crore versus Rs 228.33 crore.
Margin at 14.7% versus 15.6%.
Net profit down 7% to Rs 124.49 crore versus Rs 134.41 crore.
