Turnaround stocks: 10 companies that returned to profit in Q4 - Red to Black
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Jun 15, 2024, 10:24:53 AM IST 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: Shutterstock.com 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 I...