Asian Paints, BPCL, Abbott India, Alembic Pharma, SBI, HPCL to announce results today – Industry News – .

SBI T4FY24

-NII at Rs 41,655 crore, up 3.13% Rs 40,393 crore

-NIM down 37 basis points over one year to 3.47% versus 3.84%

-Net profit up 23.98% to Rs 20,698 crore against Rs 16,695 crore

Indian Overseas Bank’s net profit in Q4 FY24 stood at Rs 808.10 crore, an increase of 24.3 per cent year-on-year from Rs 650.07 crore posted in Q4 quarter of FY23.

SBI

-Q4FY24 net profit increased 23.98% YoY to Rs 20,698 crore

-Net Interest Income (NII) for FY24 increased by 10.38% YoY.

-NIM for FY24 is down slightly by 9 basis points YoY to 3.28%

Punjab National Bank reported net interest income of Rs 10,363.11 crore in the fourth quarter of FY2024, up 9.1% year-on-year from Rs 9,498.75 crore recorded in fourth quarter of fiscal year 2023-24.

Punjab National Bank reported a net profit of Rs 3,010.27 crore in Q4 FY24, up 160% YoY from Rs 1,158.61 crore reported during the same period one year ago.

The bank declared a dividend of Rs 1.50 per share. “Recommended dividend of Rs. “the following annual general meeting of the bank,” Punjab National Bank said in an exchange filing.

SBI’s net interest income in Q4 FY24 stood at Rs 41,655.19 crore, up 3.1% YoY from Rs 40,392.51 crore posted in Q4 quarter of FY23.

State Bank of India’s net profit rose to Rs 20,698.35 crore in Q4 FY24 from Rs 16,694.51 crore posted in Q4 FY23.

The bank declared a dividend of Rs 13.70 per share. “Further, pursuant to Regulation 43 and Regulation 30(6) of SEBI Regulations (LODR),2OlS, we inform that the Central Board of the Bank, in its meeting held today, declared a dividend of 13, 70 t per share (1,370%) for the financial year ending 03/31/2024, the record date for determining the eligibility of members entitled to dividend on participating shares is Wednesday 05/22/2024 and the date of dividend payment is fixed on 05.06.2024,” SBI said in an exchange filing. .

Asian Paints’ operating revenue in Q4FY24 declined to Rs 7,443.89 crore as against Rs 7,589.24 crore reported for the corresponding period a year ago.

Asian Paint’s net profit for the January-March period of FY24 fell to Rs 1,209.39 crore from Rs 1,233.73 crore reported in the fourth quarter of FY23.

The company announced a final dividend of Rs 28.15. “The total dividend for the financial year ended March 31, 2024 stands at Rs. 33.30 (thirty-three rupees and thirty paise only) per share of the face value of Re. 1 (rupee one) each (rate of dividend distribution of 60%), including interim dividend of Rs. 5.15 (five and fifteen rupees only) per equity share, as approved by the Board of Directors in its meeting on October 26 2023, which was subsequently paid,” Asian Paints said in an exchange filing.

“We remain optimistic about Hero MotoCorp’s growth trajectory, which will be driven by the growth and traction of its premium segment motorcycles; expansion of market share through product offerings in premium, mid-tier and mass categories; a gradual increase in its export activity. Taking this into account, we estimate that its volume/ASP will grow by 8.3%/3.7% while revenue/EBITDA/PAT will grow at a CAGR of 12.3%/17.5%/18% over exercises 24 to 26E. We upgrade our rating from ‘Accumulate’ to ‘Buy’ with a target price of Rs 5,628 (at 19x on Mar-26E EPS, Rs 104 for Fincorp and Rs 115 for Ather),” Prabhudas Lilladher said on the results of the fourth quarter of Hero MotoCorp.

“We are generating a revenue/EPS CAGR of 13%/28% in FY24-26E (EPS improvement of 20%/12% in FY265E/26E supported by higher revenue and an improvement in margins, including in foreign subsidiaries). We move from ‘Reduce’ to ‘Buy’ with a revised target price of Rs 1,650 (Rs 1,100 earlier); we assign 21x EV/EBITDA FY26E on a consolidated basis (25x EV/EBITDA to defense and 20x EV/EBITDA to other businesses),” Emkay Global said on Bharat Forge after reporting its March quarter results.

“Taking into account healthy fee growth and lower operating expenses, we revise FY25-26E earnings by 6-7% and expect the bank to deliver a healthy RoA of 1-1.1 %/17 to 21% of RoE in FY25-27E. Given our overall positive stance on PSBs and in particular the continued strong performance of CBK, we maintain ‘Buy’, increasing our target price to Rs 650/sh (from Rs 550), moving forward standalone bank at 1.1x FY26E ABV and subs at Rs30. /share,” Emkay Global said on Canara Bank after announcing its fourth quarter results.

“We remain positive on KEC over the long term, given its strong order book, good execution momentum, strong T&D outlook, particularly in the renewable energy sector, and growth of his civil activities. The stock is currently trading at a P/E of 24.0x/14.7x FY25/26E. We move into FY26E and maintain a ‘Hold’ rating with a revised target price of Rs 750 (Rs 686 earlier), valuing it at a P/E of 15x FY26E (14x Dec-25E earlier) given strong T&D outlook and margin improvement. profile,” Prabhudas Lilladher said on KEC International.

“Although LNG spot prices continue to remain low at $10/mmBtu in Q1FY25TD, propane prices would be a key item to watch due to its competitive intensity in Morbi. The stock is currently trading at 28.4x FY26 EPS. We factor in volume growth CAGR of 9% over FY25-26E and estimate EBITDA of Rs 5.5/scm for FY25/26E . Maintain a ‘Hold’ rating with a target price of Rs 558 based on 29x FY26E EPS,” said Prabhudas Lilladher on Gujarat Gas.

“We are revising our FY25/26E EPS estimates by -3.6%/+5.2% taking into account lower expected base margins in FY25 but increased execution in during FY26. Larsen & Toubro (LT) reported consolidated revenue growth of 15.0% year-on-year, while EBITDA margin contracted by 93 basis points year-on-year. year due to rising SG&A costs,” Prabhudas Lilladher said of Larsen & Toubro.

“The company has declared a final dividend of Rs 5/share. Going forward, we are pricing in a conservative volume growth CAGR of 6% over FY24-26E with EBITDA/scm of Rs7. The stock is currently trading at 19.3x FY26 EPS and 12x FY26 EV/EBITDA. We maintain a ‘Sell’ rating with a target price of Rs 368 based on 14x FY26E standalone EPS and adding investment value,” said Prabhudas Lilladher on Indraprastha Gas.

Shares of Hero MotoCorp climbed 6.7 per cent during the day, hitting a high of Rs 4,922 after reporting strong growth in Q4FY24 net profit. The auto major’s standalone profit s stood at Rs 1,016.05 crore in Q4 FY24, up 18% year-on-year from Rs 858.93 crore in Q4 FY23. The company’s net profit was largely in line with Street estimates of Rs 1,026 crore.