Stocks in Focus:
- Bharat Petroleum Corporation Limited: Reported a consolidated net profit decline of 30% YoY in Q4 FY24, with revenue from operations also declining marginally. The board recommended issuing bonus shares in the ratio of 1:1.
- Suryoday Small Finance Bank: Recorded a 56.3% YoY increase in net profit in Q4 FY24, with a slight improvement in gross non-performing assets. The bank’s provision coverage ratio during the quarter was 71.2%.
- Solara Active Pharma Sciences: Approved a rights issue to raise Rs 449.95 crore, scheduled to open on May 28, 2024.
- Abott India: Reported a 24% YoY growth in net profit in Q4 FY24 and recommended a final dividend.
- ADF Foods: Recorded growth in revenue and profit after tax in Q4 FY24 compared to the previous year.
- Gopal Snacks: Experienced a decline in profit after tax but saw revenue increase in the January-to-March quarter.
- Relaxo Footwear: Reported a decline in net profit but a significant growth in EBIDTA for Q4 FY24, proposing a final dividend for the year.
- Shyam Metallics: Reported an increase in realizations on stainless steel sales and volumes compared to the previous year.
- Rushil Décor: Experienced a decline in profit after tax but saw an increase in revenue from operations in Q4 FY24, and announced a dividend.
- VST Tillers and Tractors: Reported a drop in net profit and revenue from operations in Q4 FY24, with a proposed final dividend.
- Intellect Design Arena: Recorded a decline in revenue in Q4 FY24 and recommended a final dividend.
- Brigade Enterprises: Signed an agreement for a residential project in Bengaluru, spread across 4.6 acres with significant development potential.
