Q4 Result: Increase in fourth quarter results - 77% jump in earnings, keep an eye on the stock

News Topical, Digital Desk : Q4 Result: Aluminium products company Novelis has released the results for the fourth quarter (Q4) of the financial year. The company's net income has increased by 77% to $29.4 crore, which is considered a big increase on a year-on-year basis. However, Adjusted EBITDA declined by 8% to $473 million (YoY). It declined by 29% on a quarter-on-quarter (QoQ) basis.

Rolled product shipments increased marginally and rose 1% to 957 kilo tons (YoY). At the same time, Adjusted EBITDA per tonne shipment stood at $494, showing a decline of 9% on an annual basis. It is clear from these figures that the company faced challenges at the operational level, but investors have been relieved by a good increase in net income. 

MOREPEN LAB Q4 Pharma company MOREPEN Laboratories has also announced the results of the fourth quarter. The company said that there has been a decline in their profits. The company's profit has come down from Rs 28.3 crore to Rs 20.3 crore. Talking about the company's earnings, there has been an increase in it. The company's earnings have increased from Rs 423 crore to Rs 465.9 crore. Talking about the company's EBITDA, it has decreased from Rs 48.4 crore to Rs 42.6 crore. The EBITDA margin has decreased from 11.4% to 9%. All these figures of the company are on an annual basis.

Read More: Stock Market: Stock down 21% in 3 months, now the company has received a big order, 2 brokerages have given buy advice