Overview
- Ashok Leyland, which reported Thursday, posted a strong quarter with consolidated revenue of Rs 17,246 crore and an 11% rise in Q4 net profit to about Rs 1,381 crore while its board approved a second interim dividend and in-principle approval to raise Rs 300 crore via non-convertible debentures.
- Cummins India and Gillette India reported healthy Q4 gains with Cummins’ revenue up 22% to Rs 2,963 crore and net profit up 23%, and Gillette’s standalone revenue rising 3.2% with net profit up 21%, both citing core segment strength.
- Several engineering and steel firms showed sharp profit falls driven by higher costs and exceptional items, with Praj Industries’ net profit tumbling to Rs 123.1 crore from Rs 401.6 crore a year earlier and Bajaj Steel’s Q4 profit collapsing 83% to Rs 2.9 crore.
- Smaller companies showed mixed recoveries and corporate moves, for example Suyog Telematics returned to profit at Rs 14.5 crore and Apeejay Hotels completed hotel acquisitions while reporting a 52% fall in Q4 profit after recognising labour-code related expenses.
- The earnings season highlights that new labour-code accounting, one-off write-offs and M&A or dividend decisions are now key drivers of company-level outcomes and will shape near-term cash flows, investor returns and fundraising needs.