Mukesh Ambani Group stocks are owned by Mukesh Ambani, the chairman and managing director of Reliance Industries Limited. The group includes several companies that operate in various sectors such as natural gas, petrochemicals, retail, mass media, telecommunications, textiles, and energy. The Ambani Group is India’s largest conglomerate, with a significant presence in the Indian economy.
Listed below are such Mukesh Ambani Group companies that reported robust Q4FY24 results:
Just Dial Ltd
With a market capitalization of Rs. 8,011 crores, the shares of local search-related services providers started Thursday’s trading session on a flatter note at Rs. 940 compared to its previous close of Rs. 940.05. During the trading session, the shares hit a low of Rs. 935.15, losing around 1 percent and are currently trading at Rs. 937 apiece.
Looking at the company’s financial statements, the revenue (net of GST) increased marginally by around 2 percent from Rs. 265 crores duirng the December quarter to Rs. 270 crores in the March quarter. In addition, the net profits zoomed by 26 percent from Rs. 92.01 crores to Rs. 115.74 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue increased by 16 percent from Rs. 233 crores in Q4FY23 to Rs. 270 crores in Q4FY24. On the other hand, the net profits magnified by 38 percent from Rs. 83.6 crores to Rs. 115.74 crores during the same period.
Lotus Chocolate Company Ltd
With a market capitalization of Rs. 479 crores, the shares of the chocolate manufacturing company started Thursday’s trading session on a lower note at Rs. 372.80 compared to its previous close of Rs. 378.70. During the trading session, the shares hit a low of Rs. 364.40, losing around 3 percent and are currently trading at Rs. 370 apiece.
Coming onto the company’s financial statements (standalone), the revenue zoomed by 41 percent from Rs. 37.59 crores during the December quarter to Rs. 52.89 crores in the March quarter. On the other hand, the net profits showcased a transition from a net loss of Rs. 51.42 lakhs to a net profit of Rs. 80.38 lakh.
Comparing the same metrics on a YoY basis, the revenue magnified by 329 percent from Rs. 12.33 crores during Q4FY23 to Rs. 52.89 crores in Q4FY24. In addition, the company reported a net profit of Rs. 80.38 lakhs against a net loss of Rs. 5.81 crores during the same timeframe.
Sterling & Wilson Renewable Energy Ltd
With a market capitalization of Rs. 16,947 crores, the shares of the solar engineering company started Thursday’s trading session on a higher note at Rs. 729.65 compared to its previous close of Rs. 723.80. During the trading session, the shares hit a high of Rs. 733, gaining around 1 percent and are currently trading at Rs. 726 apiece.
Looking at the company’s financial statements, the revenue zoomed by 102 percent from Rs. 582.88 crores during Q3FY24 to Rs. 1,178.01 crores in Q4FY24. On the other hand, the net profits showcased a transition from a net loss of Rs. 62.39 crores to a net profit of Rs. 1.40 crores.
Comparing the same metrics on a YoY basis, the revenue magnified by 1232 percent from Rs. 12.33 crores during Q4FY23 to Rs.1,178.01 crores in Q4FY24. In addition, the company reported a net profit of Rs. 1.40 crores against a net loss of Rs. 421.11 crores during the same timeframe.
Written By Vaibhav Patil
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