Stocks to watch: NTPC, Cochin Shipyard, Adani Ports, Divi's, Wipro, Nazara Tech
NTPC: The company reported a 33% YoY surge in Q4 net profit to ₹6,490 crore and a 7.6% increase in revenue to ₹47,622 crore. The company’s gross power generation rose by 4.15% to 93.387 billion units (BU) in Q4, compared to the same period last year, amid rising power demand due to high temperatures across the country.
The board RECommended a final dividend of ₹3.25 per share.Cochin Shipyard: The company reported a 558.1% YoY spike in profit to ₹258.88 crore and a 114.3% jump in revenue to ₹1,286 crore in Q4.Torrent Pharma: The company reported a 56.4% YoY surge in Q4 net profit to ₹449 crore and a 10.2% increase in revenue to ₹2,745 crore in Q4. The company plans to raise ₹5,000 crore by issuing equity shares and convertible bonds through a qualified institutional placement (QIP).Divi’s Laboratories: The company reported a 67.6% YoY surge in Q4 net profit to ₹538 crore and an 18% increase in revenue to ₹2,303 crore in Q4.
The company’s EBITDA spiked 50.1% to ₹731 crore.Glenmark Pharma: The company's net loss widened to ₹1,238.6 crore in Q4FY24, from a loss of ₹549.4 crore in the year ago period. The company’s revenue grew 2.1% to ₹3,063 crore.Bosch: The company saw a 41.5% YoY growth in Q4 net profit to ₹564.4 crore and a 4.2% increase in revenue to ₹4,233.4 crore.
The board recommended a final dividend of ₹170 per share.Karnataka Bank: The bank reported a 22.5% YoY decrease in profit to ₹274.2 crore and a 3% decline in net interest income to ₹834 crore in Q4. The bank’s pre-provision operating profit dropped 27.1% to ₹499.8 crore.United Spirits: The company reported a 136.3% YoY jump in Q4 net profit to ₹241 crore and an 11.2% increase in revenue (excluding excise duty) to ₹2,783 crore in Q4.
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