Tue, May 30, 2023 11:11 AM
Strong Q4 earnings catapult Sobha shares. What to do now?
A Flip by Gaurav
HONG KONG: Hong Kong's accounting regulator said it would start an investigation into PwC's role in auditing Chinese real estate giant Evergrande, citing the publication of a "whistle-blower report". Heavily indebted Evergrande has become a symbol of the years-long crisis in China's property market, and last month its onshore unit was accused of a $78 billion revenue overstatement.
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Surana Solar announced their Q4 FY24 results on 18 Apr, 2024, revealing a significant decline in revenue by 49.59% compared to the same period last year. The company incurred a loss of ₹0.15Cr in Q4 FY24, in stark contrast to the profit of ₹0.25Cr reported in the previous fiscal year for the same period. Quarter-on-quarter, the revenue dropped by 10.59%.
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ICICI Securities declared their Q4 FY24 results on 18 Apr, 2024. The topline increased by 76.09% & the profit increased by 104.25% YoY. As compared to the previous quarter the revenue grew by 16.56% and the profit increased by 15.21%.The Selling, general & administrative expenses declined by 8.29% q-o-q & increased by 30.23% Y-o-Y. The operating income was up by 18.13% q-o-q.
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