Key Stocks to Monitor: Dr Reddy’s, PB Fintech, L&T, Jaiprakash Associates, JSW Energy – A Comprehensive Overview for Crypto Investors
- Dr Reddy’s Laboratories and PB Fintech report significant year-on-year growth in Q4FY24, while JSW Energy, Voltas, and Pidilite Industries also post positive results. However, Jaiprakash Associates fails to meet loan repayment obligations.
- Larsen & Toubro is expected to deliver strong Q4FY24 results, while Zee Entertainment Enterprises sees a change in leadership.
- Bharat Forge denies asset sharing with estranged family members, and DLF sells out all apartments in its new project within a week.
Get the latest updates on stock market trends, including noteworthy financial results, leadership changes, and more. Stay ahead with the most recent financial news.
Impressive Q4FY24 Results for Dr Reddy’s Laboratories and PB Fintech
Dr Reddy’s Laboratories reported a net profit of ₹1,307 crore for Q4FY24, a 36% year-on-year increase, primarily driven by strong performance in the US market. The company’s revenue increased to ₹7,083 crore during the quarter, a 12% year-on-year growth. For the full year FY24, DRL reported a net profit of ₹5,568.4 crore, a 36% increase, and total revenues of ₹27,920 crore, up 14% on year. The company expects FY25 to allow a double-digit growth with a 25% Ebitda. The company’s global generics segment saw a 13% revenue increase to ₹6,120 crore, mainly due to higher base business volumes and new product launches.
PB Fintech Sees Significant Improvement
PB Fintech, the parent company of Policybazaar, reported a net profit of ₹60.19 crore for Q4FY24, a significa... Read more at COINOTAG.
