Q4 consolidated report today; Dr Reddy’s profits climb 76% YoY

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The Indian Indices on Wednesday closed at a high with Sensex up by 622.44 points or 2.06% at 30818.61, and the Nifty up 187.45 points or 2.11% at 9066.55. With companies releasing their quarterly earnings, Dr Reddy’s Laboratories reported a 10 percent increase in its revenue at Rs 4,432 crore against Rs 4,017 crore (YoY). The company’s net profit increased by 76 percent, better than expected, making it a top gainer in Nifty fifty.

Here is the list of Q4 results as of May 20, 2020:

  1. Bajaj Auto:

The Indian global two-wheeler company reported an 8.15% year-on-year decline in its revenue for the March quarter. In the early trade, the company’s shares, but reported a 19.4 percent decline in net profit for the fourth quarter of the fiscal year 2020. Bajaj Auto shares rose 1.95% to Rs 2,558.05 apiece on the BSE. The quarterly performance was based on the sales decline owing to the nationwide lockdown because of the pandemic.

  1. Dr Reddy’s Laboratory:

Dr Reddy’s Laboratory reported 76 percent growth in profit after tax with Rs 764.2 crore for March quarter against Rs 434.4 crore in the corresponding period last year. The company’s shares ended at a high with 215 points or 5.82 percent at 3,915.05 on NSE.

The company has said that they are undertaking various initiatives to ensure that the manufacturing-related operations continue unrestricted which will enable them to serve their patients. A few products related to COVID-19 are under development, said the company.

  1. Ultratech cement:

India’s largest cement manufacturing firm reported better quarter earnings and saw a net profit three times high at Rs. 3,424.8 compared to the same fourth quarter last year. On NSE, the company’s shares surged by 3.12 percent in the closing bell at 3,545.55. The company has said to resume operations while following orders as per the government norms.

  1. Jubilant FoodWorks:

The firm on Wednesday reported a 57.96 percent regression in consolidated net profit at Rs 32.53 crore for the fourth quarter ended in March, owing to the nationwide lockdown because of the virus outbreak. The company operates the fast-food chains of Domino’s pizza and Dunkin Donuts showed a net profit of Rs. 77.38 crore in the Jan-March quarter last year. The sharp drop in the revenue has led to a total expense of this quarter to rise up to 13.64 percent.

  1. Ujjivan Small Finance Bank:

The shares of the bank surged over 6 percent after it reported a 15 percent rise in the net profit for the fourth quarter of FY2020. The rise in the net profit was as much as Rs 73.15 crore compared to Rs 63.78 crore in the same quarter a year-ago.

  1. L&T Infotech:

In the fourth quarter that ended in March, the tech firm reported the rise of net profit by 13 percent YoY to Rs 427.5 crore. The company’s stock in Wednesday’s trade session increased up by five percent. The company’s net profits marginally rise to Rs. 427.5 crores against the net profit of Rs. 378.5 crores in the fourth quarter in FY2019.

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