NEW DELHI : The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differing visions for the future.
The third-generation siblings, Adi and Nadir, children of Burjor, late on Tuesday reached an agreement to separate from their cousins Jamshyd and Smita, children of Naval, a family statement said.
Godrej & Boyce Mfg. Co. Ltd will go to the families of siblings Jamshyd Godrej and Smita Crishna. The unlisted company, with interests in aerospace, aviation, defence, engines and motors, construction, furniture and software and IT among others, will be under the umbrella of the Godrej Enterprises Group.
Nyrika Holkar, daughter of Crishna, is the heir-apparent of this faction, and has been designated executive director. Jamshyd Godrej will be chairperson and managing director.
Meanwhile, families of brothers Nadir and Adir Godrej will inherit listed companies Godrej Industries Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, Godrej Consumer Products Ltd and Astec Lifescience Ltd, spanning consumer products, chemicals, and real estate, among others. Called Godrej Industries Group (GIG), it will be chaired by Nadir Godrej. His nephew Pirojsha, executive vice-chairperson, will succeed Nadir in August 2026.
The shareholdings of family members will be realigned across companies to reflect their inherited businesses. Both groups will continue to use the Godrej brand. Regulatory approvals for realigning the shareholding are awaited, a Godrej family statement read.
The realignment has been arrived at in a “respectful and mindful way,” the press statement read, adding that it will “better align ownership in acknowledgement of the differing visions of the Godrej family members.”
The Godrej group was founded by Ardeshir Godrej, who after a few failed ventures hit it big with the locks business. The Godrej Nav-Tal locks are popular to this day.
Over the decades, the group diversified significantly, entering sectors such as chemicals, furniture, security solutions, real estate, home & personal care, general engineering, heavy engineering, intra-logistics, power and energy, aerospace, infrastructure, food & agri products, information technology and financial services.
The Godrej family is also among the biggest landlords in Mumbai, holding around 3,400 acres, including a single parcel of 3,000 acres. It is this inheritance that was leveraged by the family to become a serious real estate player.
The group also has significant presence overseas through its consumer products division. It is an FMCG products leader in emerging markets with growing presence in Asia, Africa and Latin America.
“Since 1897, Godrej & Boyce has always been driven by the strong purpose of nation building. With this future-facing family agreement now in place, we can further drive our growth aspirations with fewer complexities and focus on leveraging our core strengths in high-tech engineering and design-led innovation across our strong portfolio of strategic, consumer and emerging businesses,” said Jamshyd Godrej.
Nadir Godrej said: “Godrej was founded in 1897 to help build economic independence for India. This deep purpose of innovating for a cause – the values of trust and respect and the belief in trusteeship and making communities that the companies operate in stronger and better – continue to form the bedrock of who we are 125 years later. We look forward to building on this legacy with focus and agility.”
Earlier in the day, shares of listed Godrej Industries Ltd closed 5.78% higher on the BSE at ₹960.65, and Astec LifeSciences gained 4.99%. Shares of other listed group companies moved less than 1%, while the benchmark Sensex index closed 0.25% lower
Q4 results today: Adani Power, Ambuja Cements, Adani Wilmar, among 18 companies to report Q4 earnings on May 1
Q4 results today: Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today.
Q4 results today: A total of 18 companies will announce their financial results for the fourth quarter of FY24 (January-March 2024).
Companies to post Q4 results today
Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today.
Additionally, Cigniti Technologies, Vardhaman Special Steels, Zenotech Labs, Classic Filaments, Mena Mani Industries, MRP Agro and Nalin Lease Finance will also announce their Q4 earnings on Wednesday, May 1.
The Indian stock market is closed today on account of Maharashtra Day. No trading will take place today on the BSE and NSE today.
Read here: Share market holidays 2024: Is Indian stock market closed on 1st May?
Hence, the stocks of these 18 companies will react to their Q4 results on Thursday, May 2.
Here’s a look at how some of these top companies are expected to perform in Q4:
Ambuja Cements
Ambuja Cements, the Adani Group cement manufacturer, is expected to report 11.9% year-on-year (YoY) consolidated revenue growth at ₹8,913.8 crore for the quarter ended March 2024. The company’s consolidated volumes are estimated to surge 15.2%, both on a YoY and QoQ basis, to 16.2 mt.
The company’s net profit in Q4FY24 is expected to jump 48% YoY to ₹954.8 crore. Assuming realisation dip of ~5% QoQ, expect EBITDA per tonne to come-off 12% QoQ (up ~12% YoY) to ₹1,081, according to estimates by ICICI Securities.
At the operating level, EBITDA is estimated to increase 41.8% YoY to ₹1,756.8 crore, while EBITDA margin may grow by 415 basis points (bps) to 19.7%.
Adani Wilmar
Adani Wilmar is expected to post a net profit of ₹217.8 crore, registering a sharp 132% YoY growth. The company’s consolidated revenue is expected to dip 5% YoY to ₹13,184 crore. However, EBITDA shall increase by 43% YoY, and the EBITDA margin is likely to improve 130 bps YoY but stay flat QoQ, as per the estimates by Nuvama Institutional Equities.
Nuvama anticipates the edible oils business to contract 9% YoY in value terms due to price cuts in edible oil given softer raw material costs. Food and FMCG business is likely to grow 18% (aided by Kohinoor) while industry essentials may stay flat YoY.
Although AWL has been doing well over the years in terms of market share in all categories, there is a near-term risk from local players given commodity deflation in edible oils, Nuvama said.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions
The profit also saw a significant rise of 47.27% year-on-year, reflecting the company’s effective cost management strategies and operational efficiency.
Comparing to the previous quarter, KPIT Technologies witnessed a 4.84% growth in revenue and a 5.81% increase in profit, demonstrating consistent growth momentum.
The Selling, general & administrative expenses went up by 5.36% quarter-on-quarter and surged by 29.95% year-on-year, which could be due to various factors such as expansion activities or inflation.
Furthermore, the operating income showed a positive trend with a 5.58% increase quarter-on-quarter and a remarkable 44.81% rise year-on-year, indicating strong operational performance.
The Earnings Per Share (EPS) for Q4 stood at ₹6.02, marking a 47.11% year-on-year growth, which is a positive sign for the company’s profitability.
KPIT Technologies has also delivered impressive returns to its investors, with a 9.42% return in the last week, 27.26% return in the last 6 months, and a YTD return of -0.35%.
As of 01 May, 2024, out of 12 analysts covering the company, 2 analysts have given a Strong Sell rating, 2 analysts have given a Hold rating, 5 analysts have given a Buy rating, and 3 analysts have given a Strong Buy rating, reflecting a mix of sentiments among analysts.
With a consensus recommendation to Buy as of 01 May, 2024, investors seem optimistic about the future prospects of KPIT Technologies.
Currently, KPIT Technologies boasts a market cap of ₹40913.07 Cr and has a 52-week high/low of ₹1764 & ₹874.5 respectively, showcasing the company’s stability and growth potential.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1317.8 | 1256.96 | +4.84% | 1017.37 | +29.53% |
| Selling/ General/ Admin Expenses Total | 832.8 | 790.4 | +5.36% | 640.86 | +29.95% |
| Depreciation/ Amortization | 52.7 | 49.96 | +5.48% | 42.21 | +24.84% |
| Total Operating Expense | 1097.62 | 1048.41 | +4.69% | 865.32 | +26.85% |
| Operating Income | 220.18 | 208.55 | +5.58% | 152.05 | +44.81% |
| Net Income Before Taxes | 224.48 | 211.59 | +6.09% | 136.2 | +64.81% |
| Net Income | 164.35 | 155.33 | +5.81% | 111.6 | +47.27% |
| Diluted Normalized EPS | 6.02 | 5.69 | +5.8% | 4.09 | +47.11% |
Trent Q4 Results Live : Trent declared their Q4 results on 29 Apr, 2024, showcasing a remarkable performance. The company’s revenue surged by 51.08% Year-over-Year (YoY), reaching new heights. Additionally, Trent witnessed a substantial increase in profit by an astounding 1200.28% YoY, reflecting strong financial growth.
Despite a slight decline of 4.87% in revenue compared to the previous quarter, Trent managed to boost its profit by 88.12%, indicating efficient cost management and improved operational efficiency.
The Selling, general & administrative expenses experienced a significant increase by 13.09% quarter-over-quarter (QoQ) and an impressive 83.94% year-over-year (YoY) growth, which might be attributed to strategic investments and expansion initiatives.
Moreover, the operating income saw a substantial rise of 79.48% QoQ and an outstanding 1212.48% YoY growth, underscoring Trent’s strong performance across various business segments.
Trent reported an Earnings Per Share (EPS) of ₹7.25 for Q4, marking a substantial increase of 358.76% YoY, showcasing the company’s ability to generate higher returns for its investors.
Furthermore, Trent’s stock performance has been impressive, delivering a 3.49% return in the last week, 103.52% return in the last 6 months, and a 41.22% Year-to-Date (YTD) return, demonstrating investor confidence and market strength.
Currently, Trent boasts a market capitalization of ₹153361.9 Cr with a 52-week high/low of ₹4515 & ₹1369.05 respectively, indicating a stable financial position and market presence.
Analysts covering the company have provided varied recommendations, with 1 analyst suggesting a Strong Sell, 1 analyst recommending a Sell, 6 analysts opting for a Hold, 8 analysts suggesting a Buy, and 2 analysts advocating for a Strong Buy. The consensus recommendation as of 01 May, 2024, stood at Buy, indicating a positive outlook for Trent’s future prospects.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3297.7 | 3466.62 | -4.87% | 2182.75 | +51.08% |
| Selling/ General/ Admin Expenses Total | 610.95 | 540.24 | +13.09% | 332.15 | +83.94% |
| Depreciation/ Amortization | 212.94 | 164.53 | +29.42% | 136.57 | +55.92% |
| Total Operating Expense | 2464.93 | 3002.63 | -17.91% | 2119.3 | +16.31% |
| Operating Income | 832.77 | 463.99 | +79.48% | 63.45 | +1212.48% |
| Net Income Before Taxes | 919.03 | 475.19 | +93.4% | 63.83 | +1339.81% |
| Net Income | 704.23 | 374.36 | +88.12% | 54.16 | +1200.28% |
| Diluted Normalized EPS | 7.25 | 10.53 | -31.11% | 1.58 | +358.76% |
Poonawalla Fincorp Q4 Results Live : profit rise by 67.21% YOY
Poonawalla Fincorp Q4 Results Live : Revenue increased by 1239.09% YoY & profit increased by 67.21% YoY
Poonawalla Fincorp Q4 Results Live : Poonawalla Fincorp declared their Q4 results on 29 Apr, 2024. The topline increased by 1239.09% & the profit increased by 67.21% YoY.
Compared to the previous quarter, the revenue grew by 19.98% and the profit increased by 25.1%.
The Selling, general & administrative expenses rose by 3.64% q-o-q & increased by 3102.31% Y-o-Y.
The operating income was up by 9.59% q-o-q & increased by 213.89% Y-o-Y.
The EPS is ₹4.52 for Q4 which increased by 838.34% Y-o-Y.
Poonawalla Fincorp has delivered -0.95% return in the last 1 week, 38.47% return in the last 6 months and 12.26% YTD return.
Currently, Poonawalla Fincorp has a market cap of ₹37872.19 Cr and 52wk high/low of ₹519.7 & ₹318.55 respectively.
As of 01 May, 2024, out of 6 analysts covering the company, 1 analyst has given a Sell rating, 1 analyst has given a Buy rating, and 4 analysts have given a Strong Buy rating.
The consensus recommendation as of 01 May, 2024, was to Strong Buy.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 915 | 762.61 | +19.98% | 68.33 | +1239.09% |
| Selling/ General/ Admin Expenses Total | 117.09 | 112.98 | +3.64% | -3.9 | +3102.31% |
| Depreciation/ Amortization | 13.93 | 15.15 | -8.05% | 14.04 | -0.78% |
| Total Operating Expense | 536.26 | 417 | +28.6% | -52.33 | +1124.77% |
| Operating Income | 378.74 | 345.61 | +9.59% | 120.66 | +213.89% |
| Net Income Before Taxes | 385.47 | 356.76 | +8.05% | 106.95 | +260.42% |
| Net Income | 331.7 | 265.14 | +25.1% | 198.37 | +67.21% |
| Diluted Normalized EPS | 4.52 | 3.35 | +35.16% | 0.48 | +838.3 |
Tips Industries Q4 Results Live : Tips Industries announced their Q4 results on 29 Apr, 2024, showcasing a 21.61% increase in revenue and a significant 40.58% rise in profit year-on-year.
However, the company experienced a 2.42% decline in revenue and a 25.66% decrease in profit compared to the previous quarter.
The Selling, general & administrative expenses saw a substantial 64.34% increase quarter-on-quarter and a significant 110.85% rise year-on-year.
Operating income also faced a downturn with a 30.96% decrease quarter-on-quarter, although it showed a 14.17% increase year-on-year.
The Earnings Per Share (EPS) for Q4 stood at ₹2.06, reflecting a 44.66% year-on-year growth.
Tips Industries’ stock performance has been noteworthy with a 0.85% return in the last week, a 33.39% return in the last 6 months, and a 37.06% Year-to-Date (YTD) return.
The company currently holds a market capitalization of ₹6018.07 Cr with a 52-week high/low of ₹530.95 & ₹150.5 respectively.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 63.26 | 64.83 | -2.42% | 52.02 | +21.61% |
| Selling/ General/ Admin Expenses Total | 4.27 | 2.6 | +64.34% | 2.02 | +110.85% |
| Depreciation/ Amortization | 0.5 | 0.44 | +15.16% | 0.37 | +36.07% |
| Total Operating Expense | 33.58 | 21.84 | +53.72% | 26.02 | +29.04% |
| Operating Income | 29.68 | 42.98 | -30.96% | 25.99 | +14.17% |
| Net Income Before Taxes | 34.92 | 46.35 | -24.66% | 27.85 | +25.38% |
| Net Income | 25.76 | 34.65 | -25.66% | 18.33 | +40.58% |
| Diluted Normalized EPS | 2.06 | 2.7 | -23.78% | 1.42 | +44.66% |
