Q4 Results 2024 LIVE Updates: NMDC, BHEL, Hitachi, Metropolis Healthcare, Dollar Industries, more to announce earnings today – Industry News

“Zydus Lifesciences showed revenue growth of 10% YoY to Rs 55 bn in line with our estimate. Domestic formulation delivered growth of 7% YoY; against our estimate of 10% growth. Consumer business grew by 10% YoY; above our estimated US sales came in at $304mn (our est. of $300mn) vs USD 221mn in Q3FY24.The quarter had sales from gRevlimid as expected. Emerging markets were up by 13% YoY driven by most of its key markets. API markets witnessed growth of 15% YoY.”

– By Param Desai, Senior Research Analyst, Prabhudas Lilladher Pvt Ltd

In Q4FY24, Delhivery’s express parcel revenue declined 16% QoQ (+3% YoY), as e-commerce spends softened post a strong festive season. However, PTL revenue recovery (10% QoQ) and sustained profitability improvement (~400bps QoQ) helped the company deliver positive adj. EBITDA. This is the first full year of EBITDA profitability for the company. Management guided for 15-20% YoY revenue growth in express parcel segment and reduction in capex from 7.4% of revenue to 6.6-6.9%. Service EBITDA margin for express parcel segment is now in the guided ballpark of 18-20% and further efficiency led margin improvements are likely to be passed on to customers.

We maintain BUY on the stock with a target price of INR 600 valuing it at 40x FY26E EV/EBITDA. Key risks: i) pricing pressure in the express parcel or PTL business and ii) medium-term growth visibility worsens due to global headwinds.

– Analysts at ICICI Securities

– ONGC reported an EBITDA of Rs 174.1bn. PAT came in at Rs 98.7 bn on a standalone basis. Other income came in higher than expected at Rs 36.8bn.

– Oil production rose by 3% QoQ to 5.36mmt, while gas production at 5.1bcm was flat QoQ.

– Net oil realization came in at US$ 80.81/bbl (oil realization from JV fields was US$ 76.84/bbl) while gas realization came in at US$6.5/mmBtu.

– On a YoY basis, oil production grew 2.4% while gas production fell 3%.

– Announced a final dividend of Rs 2.5/share

“Oil India reported an EBITDA of Rs 23.4 bn (+11% QoQ, PLe: Rs 21.5 bn). Adj PAT came in at Rs20.3 bn (+28% QoQ, PLe: Rs13bn) on a standalone basis. Increase in PAT was on account of higher than expected other income and lower depreciation and finance cost. Total oil and gas production fell by 1% and 2% QoQ. The company announced a final dividend of Rs3.75/share and a bonus of 1:2 (1 bonus share for every 2 shares held). The company expects production to reach 4mmt of oil and 5bcm of gas by FY26. If the company achieves this production target, FY26 EPS would come in at Rs 73. However, on a conservative basis, we build in a 5% CAGR in oil and 10% CAGR in gas production over FY24-26E, resulting in EPS of Rs 67.3. We maintain ‘Accumulate’ rating on better visibility of production growth, valuing the standalone business at 9x FY26 adj EPS and adding the value of investments to arrive at our TP of Rs 722.”

– Swarnendu Bhushan, Head – Institutional Equities, Prabhudas Lilladher Pvt Ltd