Stocks in news: NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, Narayana Hrudayalaya
financials and metal stocks. In today's trading session, shares of NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya among others will be in focus due to various news developments and quarterly earnings.
NTPC
NTPC reported a consolidated net profit of Rs 6490 crore in Q4 of FY24, up 33% from Rs 4871 crore in the year-ago period. The profit of the company improves amid higher electricity generation and a spike in power demand. Revenue from operations in the March quarter was Rs 47,622 crore, rising 7.6% from Rs 44,253 crore reported last year.
Torrent Pharma
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Sun TV Network
Sun TV Network reported a 9% increase in consolidated net profit of Rs 415 crore for the fourth quarter ended March 31, 2024, as against Rs 380 crore for the same period last year. Revenue increased by 14% to Rs 961 crore in Q4 FY24 as against Rs 840 crore in Q4 FY23.
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Cochin Shipyard
Shipyard reported multi-fold growth in its consolidated net profit to Rs 259 crore for the March 2024 quarter on account of higher income. The company's total income rose to Rs 1,366 crore from Rs 671 crore in January-March FY23.
Karnataka Bank
Karnataka Bank's net profit for the March quarter fell 23% to Rs 274 crore against Rs 354 crore owing to
