* ICICI Bank: The net profit of private lender ICICI Bank rose by 17.4 percent to Rs 10,708 crore in the fourth quarter of the financial year 2023-24 (Q4FY24) on the back of growth in net interest income and advances. Sequentially, the net profit grew 4.24 percent.
* Maruti Suzuki: Maruti Suzuki India Ltd (MSIL), on Friday, reported a standalone net profit of Rs 3,877.8 crore for Q4FY24, up 47.8 percent Y-o-Y. Revenue from operations grew 19.3 percent in Q4, while sales volume rose 9 percent in FY24.
* HCL Technologies: The global IT services company has reported a net profit of Rs 3,986 crore for the March FY24 quarter, falling 8.4 percent over the previous quarter impacted by weak operating numbers, and overall numbers came in below analysts' estimates. The board has declared an interim dividend of Rs 18 per share for FY24.
* Adani Enterprises: The company's Mauritius-based arm has completed the acquisition of a 49 percent stake in Abu Dhabi-based Adani Esyasoft Smart Solutions.
* Patanjali Foods: The FMCG company said the board discussed the initial proposal received from Patanjali Ayurved (PAL) for a sale of PAL’s non-food business undertaking to the company and gave in-principle approval for evaluating the most efficient mode of enhancing synergies with PAL’s non-food portfolio in any manner on an arm's length basis.
* Yes Bank: The bank has reported a massive 123 percent on-year growth in net profit at Rs 452 crore for the quarter ended March FY24, partly supported by higher other income and lower provisions.
* L&T Finance: L&T Finance's consolidated net profit rose by 11 per cent Y-o-Y to Rs 554 crore in the quarter ended March. Consolidated, its net interest income (NII) grew by 14 percent Y-o-Y to Rs 1,909 crore.
* Cipla: Cipla Health, a wholly owned subsidiary of Cipla, has completed the purchase of the distribution and marketing business undertaking of cosmetics and personal care business from Ivia Beaute Private Limited, through a slump sale arrangement, on a going concern basis.
* Lasa Supergenerics: Ravi Shankar Kabra has resigned as CFO of the company due to health reasons and other preoccupations. He will be relieved of his duties with effect from April 26.
* Craftsman Automation: The Board of the company, at its meeting on April 27, approved a fund raise of Rs 1,200 crore.
* Welspun Specialty: Welspun Specialty Solutions Limited has received an order valued at Rs 21.64 crore (including taxes) from a domestic PSU customer for the supply of Stainless Steel Seamless Tubes.
* Ircon International: State-owned Ircon International has secured a railway project worth Rs 1,198 crore in a joint venture with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA).
* IDFC First Bank: Their Credit-Deposit (CD) ratio is likely to come down to 90 percent to 92 percent from the current levels by the end of the current financial year said managing director and chief executive officer V Vaidyanathan in an exclusive interview.
* NBCC: The construction company has received in-principle approval for the incorporation of a wholly-owned subsidiary in Dubai (UAE).
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