Sajjan Jindal-led JSW Energy on Tuesday posted a 29 per cent rise in consolidated net profit at ₹351 crore in the March quarter mainly on the back of higher revenues. The company had reported a consolidated net profit of ₹272 crore in the quarter ended March 31, 2023.
“Profit after tax (consolidated net profit) increased by a robust 29 per cent YoY (year on year) to ₹351 crore,” it stated.
During the quarter, total revenue increased 3 per cent YoY to ₹2,879 crore from ₹2,806 crore in Q4 FY23. The profit after tax increased 17 per cent YoY to ₹1,723 crore in 2023-24 crore compared with ₹1,478 crore in FY23.
For FY24, total revenue increased 10 per cent YoY to ₹11,941 crore from ₹10,867 crore in FY23.
The board has also recommended a dividend of ₹2 per equity share of ₹10 (20%).
Dr Reddy PAT up
Dr Reddy’s Laboratories on Tuesday reported a 36 per cent increase in its consolidated profit after tax at ₹1,307 crore for the quarter ended March 2024, aided by robust sales in the US market.
The Hyderabad-based drug major had reported a profit after tax of ₹959 crore a year ago.
Revenue increased to ₹7,083 crore from ₹6,297 crore in the fourth quarter of FY23.
SRF net declines
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to ₹422 crore for the quarter ended March 2024 on lower income.
The consolidated revenue of the company declined 6 per cent to ₹3,570 crore in the fourth quarter of the last fiscal from ₹3,778 crore a year ago.
United Breweries
United Breweries Ltd on Tuesday reported a more than five-fold jump in net profit to ₹80.15 crore for the January-March period of 2023-24 compared with the year-ago period.
The beverages maker had reported a net profit of ₹13.05 crore for the April-March quarter of 2022-23.
Voltas profit declines
Voltas on Tuesday reported a 22.75 per cent decline in consolidated net profit to ₹110.64 crore in the fourth quarter ended March 31, impacted by higher expenses.
The company had posted a consolidated net profit of ₹143.23 crore in the same period previous fiscal.
