Turnaround stocks: 10 companies that returned to profit in Q4 - Red to Black
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In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list:
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Piramal Pharma clocked a profit of Rs 89.23 crore in the fourth quarter after an average loss of Rs 43 crore in the preceding three quarters. Revenue from operations, meanwhile, increased 18% year-on-year to Rs 2,552 crore.
SAMHI Hotels, a recent debutant at the bourses, registered a net profit of Rs 11.29 crore in the fourth quarter as compared to a loss of Rs 74 crore in the preceding December quarter.
ETMarkets.com
Sagar Cements, Andhra-based cement manufacturer with a capacity of 10.6 mt, has turned the table, after three straight losses, by reporting a profit of Rs 11.59 crore in the fourth quarter.
iStock
5/11
Inox Wind Energy
Inox Wind Energy, which is in the business of wind turbine generators (WTGs) and wind energy solutions, recorded a profit of Rs 38.8 crore in the quarter ended March 2024. The company had seen losses of Rs 65 crore, Rs 59 crore and Rs 4 crore in the Q1, Q2 and Q3 of FY24, respectively.
ANI
BHEL recorded a profit of Rs 476 crore in the quarter ended March 2024. The company had seen losses of Rs 360 crore, Rs 250 crore and Rs 171 crore in the Q1, Q2 and Q3 of FY24, respectively.
Centrum Capital recorded a profit of Rs 39 crore in the quarter ended March 2024. The company had seen losses of Rs 65 crore, Rs 28 crore and Rs 18 crore in the Q1, Q2 and Q3 of FY24, respectively.
Agencies
GE Power India recorded a profit of Rs 23 crore in the quarter ended March 2024. The company had seen losses of Rs 136 crore, Rs 62 crore and Rs 2 crore in the Q1, Q2 and Q3 of FY24, respectively.
IANS
9/11
Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy posted a profit of Rs 1 crore in the quarter ended March 2024. The company had seen losses of Rs 95 crore, Rs 55 crore and Rs 62 crore in the Q1, Q2 and Q3 of FY24, respectively.
Agencies
Sunteck Realty reported a profit of Rs 102 crore in the quarter ended March 2024. The company had seen losses of Rs 6 crore, Rs 15 crore and Rs 10 crore in the Q1, Q2 and Q3 of FY24, respectively.
ETMarkets.com
Tejas Networks reported a profit of Rs 147 crore in the quarter ended March 2024. The company had seen losses of Rs 26 crore, Rs 13 crore and Rs 45 crore in the Q1, Q2 and Q3 of FY24, respectively.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Benchmark indices Sensex and Nifty ended the week on a bearish note, closing over a percent lower each as a deepening selloff in IT stocks rattled investor sentiment amid mounting fears of AI-led disruption. Further, stronger-than-expected jobs data for January dampened hopes of a US Fed interest rate cut. Here are 7 factors that could decide market action in the coming week: 1.) Infosys, Wipro ADRs rebound - After a brutal two-day selloff that saw Infosys and Wipro ADRs plunge as much as 14.5%, Friday’s session brought a much-needed breather. Bargain hunting kicked in at lower levels, sparking a sharp rebound as Infosys climbed 3% while Wipro gained 4%—helping both stocks close the week on a far stronger note. International brokerage firm JP Morgan has a message for panic-stricken investors: IT services firms are the indispensable "plumbers of the tech world" and their dividend yields have now hit levels last seen only during ...
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Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago. The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24. For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,9...
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