Following are the two companies—one in the healthcare industry and the other in the tyre and rubber industry—that witnessed fluctuations in the share prices following the release of their Q4 FY23-24 and FY24 financial results, through the recent filings with the stock exchanges on Tuesday post-market hours.
Metropolis Healthcare (NS:METP) Limited
Share price of a leading diagnostics service provider company in India moved up by 7.6 percent on BSE to hit an intraday high at Rs. 2,049 in the trading session of Wednesday, compared to its previous closing price of Rs. 1,904.3.
With a market capitalisation of Rs. 10,241.8 crore, at 01:25 p.m., the shares of Metropolis Healthcare Limited were trading in the green at Rs. 1,999.55, up by 5 percent.
The consolidated revenue from operations stood at Rs. 331 crore in Q4 FY23-24, indicating a growth of 13.7 percent QoQ from Rs. 291.11 crore in Q3 FY23-24, and by 17.2 percent YoY from Rs. 282.54 crore in Q4 FY22-23.
Metropolis Healthcare witnessed a rise in the net profit to Rs. 36.52 crore in Q4 FY23-24, increasing from Rs. 27.3 crore in Q3 FY23-24 by 34 percent QoQ, and rising from Rs. 33.5 crore in Q4 FY22-23 by 9 percent YoY.
On a year-on-year basis, the reported Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 69.2 crore in Q4 FY22-23 to Rs. 79.7 crore in Q4 FY23-24, a 15.3 percent growth.
Established in 1981, Metropolis Healthcare Limited is a leading diagnostics company in India offering a comprehensive range of over 4,000 tests and profiles including advanced tests in the diagnosis of cancer, neurological disorders, infectious diseases, and wide range of genetic abnormalities.
JK Tyre & Industries Limited
Share price of one of the leading automotive tyre manufacturers in India moved up by 10.5 percent on BSE to hit an intraday high at Rs. 446.75 in the trading session of Wednesday, compared to its previous closing price of Rs. 404.3.
With a market capitalisation of Rs. 11,079.45 crore, at 01:25 p.m., the shares of JK Tyre & Industries Limited were trading in the green at Rs. 424.9, up by 5.1 percent.
The consolidated revenue from operations stood at Rs. 3,698.45 crore in Q4 FY23-24, indicating a growth of 0.3 percent QoQ from Rs. 3,687.72 crore in Q3 FY23-24, and by 1.8 percent YoY from Rs. 3,632.47 crore in Q4 FY22-23.
JK Tyre & Industries witnessed a rise in the net profit to Rs. 171.66 crore in Q4 FY23-24, rising from Rs. 111.6 crore in Q4 FY22-23 by 53.8 percent YoY, but declining from Rs. 227.07 crore in Q3 FY23-24 by 24.4 percent QoQ.
On a year-on-year basis, the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 389 crore in Q4 FY22-23 to Rs. 497 crore in Q4 FY23-24, a 28 percent growth.
JK Tyre & Industries Limited, a flagship company of JK Organisation, is one of India’s foremost tyre manufacturers that provides solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.
The company produced the first radial tyre in 1977 and is the market leader in the Truck Bus Radial segment.
Written by Shivani Singh
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