Q4 FY24 earnings calls.

ABB India delivered a strong Q4 2024 with revenue up 22% YoY and PAT up 54% YoY, driven by robust execution across all 18 divisions. The order backlog grew 12% YoY to INR 9,400 crore, providing good visibility. Managemen

Adani Enterprises reported a strong FY24 with consolidated EBITDA up 32% to INR 13,237 crore, driven by incubating businesses (ANIL, airports, roads) now contributing 45% of EBITDA. ANIL's green hydrogen ecosystem revenu

Adani Green Energy reported a strong Q4 FY24 with revenue from power supply up 33% YoY to INR 7,735 crore and EBITDA up 30% to INR 7,222 crore, maintaining an industry-leading EBITDA margin of 92%. The company added 2,84

Adani Ports delivered a strong FY24 with revenue of INR 26,711 crore (+28% YoY) and PAT of INR 8,104 crore (+50% YoY), driven by cargo volume growth of 24% to 420 MMT. Domestic ports EBITDA margin expanded 150 bps to 71%

Aditya Birla Capital delivered a strong Q4 FY24 with consolidated PAT up 41% YoY to INR 2,902 crore and revenue up 30% to INR 39,050 crore. Growth was driven by NBFC AUM crossing INR 100,000 crore (up 31% YoY), HFC AUM u

ABFRL reported Q4 FY24 consolidated revenue of INR 3,407 crore, up 18% YoY, driven by new businesses (Ethnic, TMRW, Reebok). Standalone revenue grew 8% YoY to INR 2,852 crore. Consolidated EBITDA margin expanded 300 bps

AIA Engineering reported a flat Q4 FY24 with revenue of INR 1,130 crore and EBITDA margin of 32.57%, while full-year EBITDA hit a record INR 1,616 crore at 33.31% margin. Volume was flat at 71,400 tons (mining 44,900, no

Ajanta Pharma delivered a strong Q4 FY24 with revenue of INR 1,054 crore (+20% YoY), EBITDA of INR 278 crore (+86% YoY), and PAT of INR 203 crore (+66% YoY). Growth was driven by branded generics (India +14%, Asia +18%,

Alkem Laboratories reported Q4 FY24 PAT of INR 294 crore, impacted by a deferred tax derecognition of INR 120 crore. EBITDA margin improved 150 bps YoY to 13.7%, driven by lower raw material costs and stable US price ero

APAR Industries reported Q4 FY24 consolidated revenue of INR 4,455 crore (+9% YoY) and EBITDA of INR 457 crore (+3% YoY), with margins contracting 60bps to 10.3% due to weaker export mix. PAT was INR 236 crore (-3% YoY)

Apollo Hospitals reported a strong Q4 FY24 with consolidated revenue of INR 4,944 crore (up 15% YoY) and EBITDA of INR 641 crore (up 31% YoY). Healthcare services revenue grew 17% YoY, driven by 6.1% IP volume growth and

Ashok Leyland reported record FY24 results with EBITDA of INR 4,607 crore (up 57% YoY) and PAT of INR 2,618 crore, driven by material cost savings (down 4.4% as % of revenue), favorable mix from high-margin businesses (d

Asian Paints reported Q4 FY24 standalone revenue decline of 1.8% YoY due to a 3.7% price cut, but volume growth remained strong at double digits (~10%). For FY24, volume grew 9% with value up 3%. Gross margins improved a

Astral reported a strong year with piping volume growth of ~23% and adhesive India revenue of INR 960 crore at 15.7% EBITDA margin. The company is expanding capacity with two new pipe plants (Hyderabad, Kanpur) and enter

AU Small Finance Bank reported a strong Q4 FY24 with gross loan portfolio growth of 28% YoY to ~INR 82,000 crore and deposit growth of 26% YoY crossing INR 87,000 crore. Asset quality improved with gross NPA down 26 bps

Aurobindo Pharma delivered a strong Q4 FY24 with revenue of INR 7,850 crore (+17% YoY) and EBITDA of INR 1,687 crore (+68% YoY), driven by volume gains, new product launches, stable pricing, and raw material cost softeni

Axis Bank delivered a strong Q4 FY24 with consolidated PAT of INR 24,861 crore, up 160% YoY, driven by robust NII growth of 16% YoY and fee income growth of 28% YoY. Net interest margin improved to 4.06% sequentially, ai

Bajaj Auto delivered a strong Q4 FY24 with revenue of ₹11,500 crore (+29% YoY), EBITDA of ₹2,307 crore (+34% YoY), and PAT of ₹1,936 crore (+35% YoY), driven by domestic market share gains and a richer product mix. The f

Bajaj Finance reported a solid Q4 FY24 with AUM growth of 34% to INR 3,30,600 crore and PAT of INR 3,825.8 crore, up 21% YoY. Customer additions remained strong at 3.23 million, though loan bookings were impacted by RBI

Bajaj Finserv reported a strong Q4 FY24 with consolidated total income up 36% YoY to INR 32,042 crore and PAT up 20% to INR 2,119 crore. The general insurance arm (BAGIC) grew gross written premium 32% YoY, significantly

Bandhan Bank reported a Q4 FY24 PAT of ₹55 crore, sharply down due to a ₹3,852 crore technical write-off on legacy microfinance loans, primarily from pre-2022 vintages. Excluding this, normalized PAT growth would have ex

Berger Paints reported a mixed Q4 FY24 with 13.9% volume growth but only 2.7% value growth, driven by price cuts (~5%), destocking in luxury paints, and a mix shift toward high-volume, low-value products like tile adhesi

BPCL reported Q4 FY24 revenue of INR 132,085 crore and PAT of INR 4,224 crore, contributing to a record full-year net profit of INR 26,674 crore. Refinery throughput hit an all-time high of 39.33 MMT, with GRM of $12.48/

Bharti Airtel delivered a solid Q4 FY24 with consolidated revenue of ~INR 37,600 crore, impacted by Naira devaluation. India revenue grew 2.5% sequentially to INR 28,513 crore. EBITDA margin was 53.6% (54.1% adjusting fo

Biocon's Q4 FY24 group revenue from operations grew 4% YoY to INR 3,917 crore, with core EBITDA margin of 30%. Biosimilars revenue grew 12% YoY, driven by strong U.S. market share gains (Fulphila 21%, Ogivri 18%, Semglee

Bosch Limited reported Q4 FY24 revenue of INR 4,423 crore, up 4.2% YoY, with EBITDA margin improving 30 bps to 13.2%. Growth was driven by Mobility Aftermarket (+9.4%), Two-Wheeler (+17.6%), and Consumer Goods (+10.5%),

Britannia reported Q4 FY24 revenue of INR 4,014 crore, up 3% YoY, with EBITDA margin at 17.6%, down 4% YoY due to pricing actions and higher A&P spend. Volume growth outpaced revenue at ~6%, driven by market share recove

Canara Bank reported a strong Q4 FY24 with net profit at an all-time high of INR 3,757 crore, up 18.33% YoY, driven by NII growth of 11.18% and improved asset quality (GNPA down 112bps to 4.23%). The bank maintained cred

CDSL reported a stellar Q4 FY24 with consolidated net profit surging 105% YoY to INR 129 crore on total income of INR 267 crore (+86% YoY). The exceptional quarter was driven by record demat account openings of over 10 m

Cipla reported Q4 FY24 revenue of INR 6,163 crore, up 10% YoY, with EBITDA margin expanding 95 bps to 21.4%. Full-year revenue hit a record INR 25,455 crore (+14% YoY) and PAT stood at INR 4,106 crore (16% margin). Growt

Coforge reported a strong Q4 FY24 with PAT up 94.8% YoY to INR 2,237 million, driven by robust order intake of $774 million and a record executable order book of $1.02 billion. Full-year organic CC revenue growth was 13.

Colgate delivered a strong Q4 with 10.7% domestic revenue growth and record EBITDA margins of 35.9%, expanding 250 bps YoY. Full-year revenue grew 9.5%, the highest in recent years, driven by double-digit toothpaste grow

Coromandel's Q4 FY24 consolidated revenue declined 28% YoY to INR 3,996 crore, driven by lower subsidy rates and raw material prices, though EBITDA rose 34% to INR 273 crore with margin expansion of 320 bps to 6.8%. The

Dabur's Q4 FY24 consolidated revenue grew 5.1% INR (7.3% constant currency), with India business volume growth of 4.2%. Gross margin expanded 280bps YoY, and PAT grew 16.2%. The operating margin for FY24 reached 19.4% (2

Dixon Technologies delivered a strong Q4 FY24 with consolidated revenue of ₹4,675 crore (+52% YoY) and PAT of ₹97 crore (+20% YoY). The mobile & EMS segment was the primary growth driver, with revenue surging 119% YoY to

DLF reported a strong Q4 FY24 with consolidated PAT of INR 900 crore and full-year PAT of INR 2,700 crore. Pre-sales remained robust at ~INR 15,000 crore for the second consecutive year, driven by successful launches lik

Dr. Reddy's delivered a strong Q4 FY24 with revenue of INR 7,083 crore (+12% YoY) and EBITDA of INR 1,872 crore (+15% YoY), driven by robust North America generics growth (+26% YoY to $392M) and market share expansion. P

Eicher Motors delivered a stellar Q4 FY24, with consolidated revenue of ₹4,256 crore (+12% YoY) and EBITDA of ₹729 crore (+21% YoY), driven by record Royal Enfield volumes of 912,000 units for the full year and strong VE

Fortis Healthcare reported a strong Q4 FY24 with consolidated revenue of ₹1,786 crore (+8.7% YoY) and EBITDA margin of 21.3% (+480bps YoY), driven by hospital business margin expansion to 22.4% (adjusted ~21%). PAT grew

Gland Pharma reported a strong Q4 FY24 with consolidated revenue of INR 16,375 million (+19% YoY) and EBITDA of INR 3,587 million (+113% YoY), driven by a robust recovery in the base business (revenue +50% YoY, EBITDA ma

Glenmark's Q4 FY24 consolidated revenue grew 2.1% YoY to INR 3,063 crore, with India formulation up 12.9% and ROW up 10%, but North America declined 12.4% due to lack of launches. The company took significant exceptional

Godrej Properties reported its best-ever quarter with booking value of INR 9,519 crore, up 135% YoY, driven by strong launches like Godrej Zenith (INR 3,008 crore) and Godrej Reserve (INR 2,693 crore). Full-year bookings

Grasim reported its highest-ever consolidated revenue of INR 1,30,978 crore and EBITDA of INR 20,837 crore for FY24, driven by record volumes in cement, cellulosic fiber, and caustic soda. The paints business (Birla Opus

GFL reported Q4 FY24 consolidated revenue of INR 1,133 crore (up 14% QoQ) and EBITDA of INR 238 crore (up 15% QoQ), with margins flat at 21%. PAT stood at INR 101 crore (up 26% QoQ). The sequential recovery was driven by

Happiest Minds reported Q4 FY24 revenue of INR 443 crore, up 14.5% YoY, with EBITDA margin of 24.5%. Full-year revenue grew 11% in constant currency, beating EBITDA guidance for the 16th consecutive quarter. Growth was d

Havells India reported a decent Q4 FY24 with revenue growth driven by infrastructure demand and early summer. Fans saw robust growth post-BEE transition, while Lloyd's EBIT turned positive due to cost efficiencies and ma

HCLTech reported FY24 revenue growth of 5% YoY in constant currency, with services growing 5.4% and software at 2.3%. Operating margins came in at 18.2%, within the guided range. The company saw strong deal wins of $9.76

HDFC Bank's Q4 FY24 results reflect a period of transition post-merger, with management emphasizing stability in core metrics and a focus on sustainable deposit franchise growth. The bank reported healthy deposit mobiliz