Key Stocks to Monitor: Lupin, Godrej Consumer, Zee Media, DCM Shriram, LTIM – Market Trends and Financial Insights

  • Lupin, a leading pharmaceutical company, reported a 52% YoY increase in consolidated net profit for Q4 FY24, reaching ₹359.43 crore. The company’s revenue rose by 13% from the previous year, amounting to ₹4,895.11 crore.
  • Godrej Consumer Products (GCPL) reported a net loss of ₹1,893.2 crore for Q4 FY24, contrasting with a net profit of ₹452 crore in the same period last year. However, the company’s revenue from operations increased by 5.8% to ₹3,385.6 crore.
  • Gujarat Fluorochemicals (GFL) reported a 69.6% YoY decrease in net profit, amounting to ₹101 crore, for Q4FY24. The company’s revenue also fell by 23% to ₹1,133 crore.

This article provides an in-depth analysis of the latest financial results of major Indian companies, including Lupin, Godrej Consumer Products, and Gujarat Fluorochemicals.

Lupin’s Strong Performance in Q4 FY24

Lupin’s impressive performance in Q4 FY24 can be attributed to a significant increase in its EBITDA, which rose by 66% from ₹615 crore in the same period last year to ₹1,026.1 crore. The EBITDA margin was 14.2%, compared to 11.5% in the year-ago period. However, the company’s Profit Before Tax was lower due to an impairment charge of ₹201.3 crore. Lupin invested ₹425.5 crore (8.7% of sales) in R&D for the quarter.

Godrej Consumer Products’ Financial Results

Despite reporting a net loss for Q4 FY24, Godrej Consumer Products saw an increase in its revenue from operations by 5.8% to ₹3,385.6 crore. The company’s EBITDA rose by 17.9% to ₹755.7 crore, and the EBITDA margin stood at 22.3%, compared to 20% in the corresponding period in the previous fiscal. The board has declared an interim dividend of ₹10 per share (1,000% on shares of face value of ₹1 each) for the financial year 2024-25.

Conclusion

Despite the challenging economic conditions, some companies like Lupin have managed to report strong financial results for Q4 FY24. However, others like Godrej Consumer Products and Gujarat Fluorochemicals have faced difficulties. Investors should closely monitor these companies’ performance in the coming quarters to make informed investment decisions.

BREAKING NEWS

Trump’s $250M White House Banquet Hall Fundraiser Draws Ripple (XRP), Coinbase and Gemini Executives

According to financefeeds and disclosed by The Wall Street...

Whale Opens $100M ETH 25x Short at $3,926.95 — 0x0b5…1C2D5 Posts $638K Unrealized Profit

On-chain analyst activity shows address 0x0b5...1C2D5 initiated a significant...

PAX Gold (PAXG) Skyrockets After Binance Short Squeeze — $6.82M Liquidated as Price Peaks at $5,106

Market data on October 17 indicates the mainstream exchange...

CME SAID TO PLAN SPORTS CONTRACTS, WOULD COMPETE WITH KALSHI – BBG

CME SAID TO PLAN SPORTS CONTRACTS, WOULD COMPETE WITH...

Bitcoin Fear & Greed Index Plunges to 24 — Bitwise Urges “Buy the Dip” as Sentiment Hits Yearly Low

Weak Bitcoin performance has dampened investor enthusiasm, with Google...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img