Larsen & Toubro: The company reported a 10% rise in net profit for the March quarter, surpassing estimates with a profit of ₹4,396 crore. Despite a 5% decrease in order inflows in the last quarter, the company saw a 31% growth in order inflows for FY24, crossing ₹3 trillion. The company's consolidated order book stood at ₹4.8 trillion as of 31 March, a 20% increase from the previous year.
Piramal Enterprises: The company announced its decision to merge with its unlisted subsidiary Piramal Capital & Housing Finance, thus avoiding a mandatory public share sale by the unlisted arm. The merger is expected to be completed in nine to 12 months. Bank of Baroda: The RBI lifted restrictions on Bank of Baroda (BoB), allowing the bank to onboard customers to its mobile banking app, bob World.
Tata Power: The company's Q4 net profit rose by 15% to ₹895 crore, driven by strong energy demand due to heatwaves and increased economic activity in India. The company's transmission and distribution segment, its primary revenue source, grew 8.80% to ₹9,025 crore. Overall, revenue from operations climbed 27% to ₹15,847 crore.
Tata Power plans to increase its capital expenditure to ₹20,000 crore for FY 2024-25. Hero Motocorp: The company reported an 18% YoY increase in its standalone net profit at ₹1,016 crore. The company also declared a final dividend at 2,000%, that is ₹40/- per share for FY24.
TVS Motor: The company's Q4 net profit increased by 18% YoY to ₹485 crore, with a 24% increase in revenue from operations, reaching ₹8,169 crores. The company's operating EBITDA for the year improved by 100 basis points, reaching 11.1% compared to the previous year. BSE: The company reported a 20.7% YoY jump in consolidated net profit at ₹106.9 crore
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