The Q4FY24 Ebitda (earnings before interest, tax, depreciation and amortisation) and PAT (profit after tax) beat consensus due to a positive ₹37 crore Ebit (earnings before interest and tax) in the Lloyd business (vs 23 crore loss in Q4FY23). The revenue growth of 12 per cent yearon-year (Y-o-Y) was in-line and led by ECD - electrical consumer durables (up 21 per cent) and Cables (up 14 per cent) segments. The B2B portfolio continues to do well due to industrial & infrastructure demand.
Better cash position - there has been 900 crore rise in cash levels in FY24 to 3,020 crore will support capex plans. Earnings expectations for FY25 are being upgraded by analysts due to the upside in Lloyd and possible other income on the cash stash. FCF (free cash flow) is expected to be strong despite continued capex of 700-800 crore.
Esta historia es de la edición May 02, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 02, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Chennai In Wait-And-Watch Mode: Will CSK Paint The Town Yellow?
Come Saturday, hundreds and thousands of Chennai's 6.6 million people, and millions of fans outside the city, will be rooting for Chennai Super Kings (CSK) as they clash against Royal Challengers Bangalore (RCB).
Financial Markets Prefer Stability, Predictability: FM
Warns of unchecked explosion in F&O retail trades
I Never Do Hindu-Muslim Politics: Modi
Celebrated Eid; Oppn tarnished image among Muslims after 2002: PM
India's Al Spend May Touch $5 bn By 2027
Spending on artificial intelligence (AI) in India is expected to grow at a compound annual growth rate of 31.5 per cent from 2023 and might reach $5.1 billion by 2027, according to a joint study released on Tuesday by Intel and International Data Corporation (IDC).
Multiple launches to boost Cipla's margin prescription
The shares of pharma major Cipla slipped by about 4 per cent on Tuesday, after gaining over 5.6 per cent a day earlier.
Novelis files papers in US for IPO
Novelis, Hindalco Industries' US subsidiary, has filed a registration statement on Form F1 for its proposed initial public offering (IPO) with US securities regulator Securities and Exchange Commission (SEC), the firm said.
MF investment strategy: Be wary of rich valuations
Mutual fund investors are in the crosshairs due to the widespread offloading of stocks by foreign institutional investors (FIIs), expensive valuations of the Indian markets compared to global peers, and nervousness ahead of the Lok Sabha election results.
MFS EMBRACE HEALTHCARE, FINANCE STOCKS AS SMALLCAPS BOUNCE BACK
Mutual funds (MFS) embraced smallcap shares across sectors like healthcare, hospitality, and financial services, as the net inflows bounced back in April from the March lows.
JSPL stock factoring in improving prospects
THE COMPASS DEVANGSHU DATTA Jindal Steel & Power's (JSPL's) Q4FY24 results were in line with consensus.
Ease penal action for glitches, Mils appeal to Sebi
Regulator to seek suggestions applicability of financial disincentives