case study on venture capital financing in india

Venture Capital in India: Research Methodology and Findings

Cite this chapter.

• Mansoor Durrani &
• Grahame Boocock  

141 Accesses

Having set out the analytical framework in Chapter 7, this chapter opens with a brief discussion of the methodology adopted for the research programme. This is followed by a summary of the data gathered from the sample as a whole. The sample is then segregated on the basis of certain factors identified in the VC literature, and the data are used to investigate the validity or otherwise of the series of propositions set out in Chapter 7. The chapter concludes with a synopsis of our research findings under the three broad headings of valuation, structuring and monitoring of VC deals, and a brief summary.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

• Available as PDF
• Read on any device
• Instant download
• Own it forever
• Compact, lightweight edition
• Dispatched in 3 to 5 business days
• Free shipping worldwide - see info
• Durable hardcover edition

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Unable to display preview.  Download preview PDF.

You can also search for this author in PubMed   Google Scholar

Copyright information

© 2006 Mansoor Durrani and Grahame Boocock

About this chapter

Durrani, M., Boocock, G. (2006). Venture Capital in India: Research Methodology and Findings. In: Venture Capital, Islamic Finance and SMEs. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626256_8

Download citation

DOI : https://doi.org/10.1057/9780230626256_8

Publisher Name : Palgrave Macmillan, London

Print ISBN : 978-1-349-51855-5

Online ISBN : 978-0-230-62625-6

eBook Packages : Palgrave Economics & Finance Collection Economics and Finance (R0)

Share this chapter

Anyone you share the following link with will be able to read this content:

Sorry, a shareable link is not currently available for this article.

Provided by the Springer Nature SharedIt content-sharing initiative

• Publish with us

Policies and ethics

• Find a journal
• Track your research

To read this content please select one of the options below:

Please note you do not have access to teaching notes, an analysis of timing decision in venture capital staged financing: evidence from india.

Management Research Review

ISSN : 2040-8269

Article publication date: 29 June 2020

Issue publication date: 30 November 2020

Staged financing is a prominent feature of the venture capital investment process. With staged financing, venture capitalists (VCs) may choose to either make an investment or delay it at each round. The purpose of this paper is to investigate the influence of market uncertainty, project-specific uncertainty and agency problems on these decisions.

Design/methodology/approach

The study uses data from Indian firms that received venture capital funding between 2000 and 2017. The duration between funding rounds is analysed using survival analysis. An accelerated failure time model is used to estimate the influence of market uncertainty, project-specific uncertainty and agency problems on the length of time between funding rounds.

VCs delay investment when there are high levels of uncertainty in the market; if market uncertainty increases by 1%, delay in funding increases by more than 6% (almost a month) on average. There is no statistically significant relationship found between the funding duration and project-specific uncertainty. Agency problems motivate VCs to invest sooner. An increase in agency problems results in a reduction of 55% (almost five months) in the length of time before the next funding round.

Practical implications

This study has useful business policy implications. It provides VCs with real option value drivers such as market uncertainty, agency problems, which influence the timing of decisions in staged investment processes. It will help to make the choice between investing and delaying at each round of financing more robust. Further, it is useful for VCs to differentiate between market uncertainty and agency problems against the backdrop of their different implications for staging decisions.

Originality/value

Few studies have examined staging decisions from a real options perspective in the context of a developed economy and very few from a developing economy perspective. This study increases understanding of staging decisions in the Indian context.

• Venture capital
• Uncertainty
• Real options
• Agency problems

Panda, S.N. and Gopalaswamy, A.K. (2020), "An analysis of timing decision in venture capital staged financing: evidence from India", Management Research Review , Vol. 43 No. 12. https://doi.org/10.1108/MRR-09-2019-0424

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

Related articles

We’re listening — tell us what you think, something didn’t work….

Report bugs here

All feedback is valuable

Please share your general feedback

Join us on our journey

Platform update page.

Visit emeraldpublishing.com/platformupdate to discover the latest news and updates

Questions & More Information

Answers to the most commonly asked questions here

Private equity in health care: three takeaways going forward

• Medium Text

• Company Frost Brown Todd LLP Follow

Sign up here.

Barbara Bennett is partner at Frost Brown Todd LLP. Based in Nashville, Tennessee, she is a member of the firm's data, digital assets and technology practice group as well as the private equity and venture practice group. She can be reached at [email protected].

T. Ray Guy is partner at the firm. Based in Dallas, Texas, he is a member of the firm's business and commercial litigation practice group. He is a veteran trial lawyer who represents business clients in high-stakes commercial litigation and arbitration, and is experienced in cases involving banking and finance, private equity, energy, fraud, class actions, and more. He can be reached at [email protected].

Austin Simpson is an associate within the business litigation practice group at the firm. Based in Dallas, Texas, he is focused on a hands-on approach to cases. He can be reached at [email protected].

Read Next / Editor's Picks

Industry Insight Chevron

Mike Scarcella, David Thomas

Karen Sloan

Henry Engler

Diana Novak Jones

• Today's news
• Reviews and deals
• Climate change
• 2024 election
• Fall allergies
• Health news
• Mental health
• Sexual health
• Family health
• So mini ways
• Unapologetically
• Buying guides

Entertainment

• How to Watch
• My watchlist
• Stock market
• Biden economy
• Personal finance
• Stocks: most active
• Stocks: gainers
• Stocks: losers
• Trending tickers
• World indices
• US Treasury bonds
• Top mutual funds
• Highest open interest
• Highest implied volatility
• Currency converter
• Basic materials
• Communication services
• Consumer cyclical
• Consumer defensive
• Financial services
• Industrials
• Real estate
• Mutual funds
• Credit cards
• Balance transfer cards
• Cash back cards
• Rewards cards
• Travel cards
• Online checking
• High-yield savings
• Money market
• Home equity loan
• Personal loans
• Student loans
• Options pit
• Fantasy football
• Pro Pick 'Em
• College Pick 'Em
• Fantasy baseball
• Fantasy hockey
• Fantasy basketball
• Download the app
• Daily fantasy
• Scores and schedules
• GameChannel
• World Baseball Classic
• Premier League
• CONCACAF League
• Champions League
• Motorsports
• Horse racing
• Newsletters

New on Yahoo

• Privacy Dashboard

A murder case in Kazakhstan led to domestic violence reforms. It ends with a prison sentence

MOSCOW (AP) — Kazakhstan's Supreme Court on Monday convicted a former government official of torturing and murdering his wife and sentenced him to 24 years in prison in a case that has gripped the Central Asian nation.

During the trial of Kuandyk Bishimbayev, Kazakhstan’s former economy minister, over the death of his wife, Saltanat Nukenova, thousands of people urged the authorities to adopt harsher penalties for domestic violence. Authorities adopted a bill toughening spousal abuse laws.

Kazakhstan largely remains a patriarchal society, and progress has been slow on issues such as domestic violence, sexual harassment and disparities in employment.

Bishimbayev’s trial was the first in the country of over 19 million people to be streamed online, and debates about it dominated social media.

Nukenova, 31, was found dead in November in a restaurant owned by one of her husband’s relatives. The 44-year-old Bishimbayev maintained his innocence before admitting in court last month that he had beaten her and “unintentionally” caused her death. His lawyers initially disputed medical evidence indicating Nukenova died from blows to the head.

Bishimbayev's relative, Bakhytzhan Baizhanov, was sentenced to four years in prison for helping Bishimbayev cover up the murder.

Days after Nukenova’s death, her relatives launched an online petition urging authorities to pass “Saltanat’s Law” to bolster protection for those at risk of domestic violence. It quickly got over 150,000 signatures. As the trial began, more than 5,000 Kazakhs wrote senators urging tougher laws on abuse, Kazakh media said.

Kazakhstan’s President Kassym-Jomart Tokayev has repeatedly spoken about strengthening protections for women. In January, he intervened after the Justice Ministry refused to consider the petition by Nukenova’s family.

According to a 2018 study backed by UN Women, about 400 women die from domestic violence each year in Kazakhstan, although many cases go unreported.

In 2017, Kazakhstan decriminalized beatings and other acts causing “minor” physical damage, making them punishable only by fines or short jail terms. Kazakhstan has since reversed its law, increasing penalties for assailants and introducing new criminal offenses including harassment of minors.

Senate Speaker Maulen Ashimbayev said that properly implementing the new law adopted in the wake of the trial will require “a great deal of work,” including educational campaigns in schools and the media as well as vigilance from civil society groups.

Recommended Stories

Trump trial live updates: michael cohen testifies in hush money case, recounts arranging deal to silence stormy daniels.

The former president’s criminal hush money trial resumes Monday in Manhattan, where his former lawyer and fixer is expected to take the stand.

Cruise founder Kyle Vogt is back with a robot startup

Kyle Vogt, the former founder and CEO of self-driving car company Cruise, has a new VC-backed robotics startup focused on household chores. Vogt announced Monday that the new startup, called the Bot Company, has raised $150 million from former GitHub CEO and investor Nat Friedman, Pioneer founder and investor Daniel Gross, Spark Capital general partner Nabeel Hyatt, Stripe CEO Patrick Collison, Stripe co-founder John Collison and Quiet Capital.

Trump trial updates: Michael Cohen testifies that Trump directed him to pay hush money to Stormy Daniels and approved scheme to conceal reimbursement

This is Yahoo News’ succinct update on the criminal and civil cases against Trump. Here are the latest developments.

NBA playoffs: Cavaliers All-Star Donovan Mitchell, Jarrett Allen to miss Game 4 vs. Celtics

Donovan Mitchell will miss Monday's Game 4 between the Cleveland Cavaliers and Boston Celtics.

Architect of PGA-LIV framework agreement resigns in frustration: 'No meaningful progress' toward a deal

Jimmy Dunne cited 'no meaningful progress' being made in negotiations between the PGA Tour and LIV Golf as a reason for his resignation.

Roku to take over Sunday MLB games that were previously on Peacock

For fans weary of games scattered across multiple paid subscription platforms, this is good news. Roku is a free service.

GV's youngest partner has launched her own firm

Terri Burns, a former partner at GV, is venturing into a new chapter of her career by launching her own venture firm called Type Capital. It will focus on early-stage startups, cutting pre-seed and seed-sized checks, reports Fortune. Burns told Fortune she is still in the beginning stages of building out her firm and hasn’t invested in any companies yet.

GameStop stock soars over 70% as 'Roaring Kitty' revival reignites meme-stock bonanza

GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.

MLB Power Rankings: Phillies lead Dodgers, Braves as trio of NL contenders top this week's list

Here's a look at the rookies who have stood out on each team through the first quarter of the 2024 season.

NASCAR to launch 32-driver in-season tournament

No doubt diehard fans will view this as yet another act of desperation by NASCAR to curb its ratings woes.

GM's Cruise ramps up robotaxi testing in Phoenix

Cruise has started testing its autonomous vehicles in Phoenix, with plans to begin "supervised" driving in the city more than six months after the GM self-driving subsidiary halted its driverless operations across the United States. Cruise announced Monday in a blog post that it will begin testing two vehicles in autonomous mode on public roads in metro Phoenix. A human safety operator will be behind the wheel during this phase of testing, according to the company.

'Miracle in a jar': Shoppers in their 60s and 70s say their secret to looking younger is this $8 collagen cream

44,000+ shoppers swear by this age-defying, wallet-friendly formula.

Man who received 1st pig kidney transplant has died. Why experts say animal organs could still 'turn medicine on its ear.'

Despite the patient's death, experts say transplants like this could someday help solve the ongoing organ shortage.

OpenAI debuts GPT-4o 'omni' model now powering ChatGPT

OpenAI announced a new flagship generative AI model on Monday that they call GPT-4o — the "o" stands for "omni," referring to the model's ability to handle text, speech, and video. OpenAI CTO Mira Murati said that GPT-4o provides "GPT-4-level" intelligence but improves on GPT-4's capabilities across multiple modalities and media. "GPT-4o reasons across voice, text and vision," Murati said during a streamed presentation at OpenAI's offices in San Francisco on Monday.

White House proposes up to $120M to help fund Polar Semiconductor's chip facility expansion

The Biden administration announced Monday that Polar Semiconductor will receive up to $120 million in federal funds to expand its chip manufacturing facility in Minnesota. The funding stems from the bipartisan CHIPS and Science Act, which Biden signed into law in August 2022 to strengthen the U.S. supply of semiconductors. The expansion of Polar Semiconductor’s facility would enable the company to double its U.S. production capacity of sensor and power chips within two years, the U.S. Department of Commerce said in a press release.

NHTSA investigating Amazon-owned Zoox robotaxi tech after crashes

NHTSA has opened an investigation into Amazon.com's self-driving Zoox vehicles due to unexpected braking leading to two rear-end collisions that injured motorcyclists.

Michael Cohen expected to testify at Trump trial, Taylor Swift unveils new 'TTPD' set list and 2 surprising NBA playoff wins

Get caught up on this morning’s news: Michael Cohen to testify, Taylor Swift’s ‘TTPD’ set list and more in today’s edition of The Yodel newsletter

The most stolen cars in 2023: Two brands top the list

The top-three stolen cars in the United States are the Hyundai Elantra, the Hyundai Sonata, and the Kia Optima, while pickup thefts decreased sharply.

Volkswagen Atlas Luggage Test: How much fits behind the third row?

The VW Atlas has 20.6 cubic feet of space behind its third row. We put that space to the test.

Bronny James medically cleared to play in NBA, expected to remain in draft

James declared for the NBA Draft in April, but maintained his NCAA eligibility and entered the transfer portal.

About Stanford GSB

• The Leadership
• Dean’s Updates
• School News & History
• Commencement
• Business, Government & Society
• Centers & Institutes
• Center for Entrepreneurial Studies
• Center for Social Innovation
• Stanford Seed

About the Experience

• Learning at Stanford GSB
• Experiential Learning
• Guest Speakers
• Entrepreneurship
• Social Innovation
• Communication
• Life at Stanford GSB
• Collaborative Environment
• Activities & Organizations
• Student Services
• Housing Options
• International Students

Full-Time Degree Programs

• Why Stanford MBA
• Academic Experience
• Financial Aid
• Why Stanford MSx
• Research Fellows Program
• See All Programs

Non-Degree & Certificate Programs

• Executive Education
• Stanford Executive Program
• Programs for Organizations
• The Difference
• Online Programs
• Stanford LEAD
• Seed Transformation Program
• Aspire Program
• Seed Spark Program
• Faculty Profiles
• Academic Areas
• Awards & Honors
• Conferences

Faculty Research

• Publications
• Working Papers
• Case Studies

Research Hub

• Research Labs & Initiatives
• Business Library
• Data, Analytics & Research Computing
• Behavioral Lab

Research Labs

• Cities, Housing & Society Lab
• Golub Capital Social Impact Lab

Research Initiatives

• Corporate Governance Research Initiative
• Corporations and Society Initiative
• Policy and Innovation Initiative
• Rapid Decarbonization Initiative
• Stanford Latino Entrepreneurship Initiative
• Value Chain Innovation Initiative
• Venture Capital Initiative
• Career & Success
• Climate & Sustainability
• Corporate Governance
• Culture & Society
• Finance & Investing
• Government & Politics
• Leadership & Management
• Markets & Trade
• Operations & Logistics
• Opportunity & Access
• Organizational Behavior
• Political Economy
• Social Impact
• Technology & AI
• Opinion & Analysis
• Email Newsletter

Welcome, Alumni

• Communities
• Digital Communities & Tools
• Regional Chapters
• Women’s Programs
• Identity Chapters
• Find Your Reunion
• Career Resources
• Job Search Resources
• Career & Life Transitions
• Programs & Services
• Career Video Library
• Alumni Education
• Research Resources
• Volunteering
• Alumni News
• Class Notes
• Alumni Voices
• Contact Alumni Relations
• Upcoming Events

Admission Events & Information Sessions

• MBA Program
• MSx Program
• PhD Program
• Alumni Events
• All Other Events
• Operations, Information & Technology
• Classical Liberalism
• The Eddie Lunch
• Accounting Summer Camp
• Videos, Code & Data
• California Econometrics Conference
• California Quantitative Marketing PhD Conference
• California School Conference
• China India Insights Conference
• Homo economicus, Evolving
• Political Economics (2023–24)
• Scaling Geologic Storage of CO2 (2023–24)
• A Resilient Pacific: Building Connections, Envisioning Solutions
• Adaptation and Innovation
• Changing Climate
• Civil Society
• Climate Impact Summit
• Climate Science
• Corporate Carbon Disclosures
• Earth’s Seafloor
• Environmental Justice
• Operations and Information Technology
• Organizations
• Sustainability Reporting and Control
• Taking the Pulse of the Planet
• Urban Infrastructure
• Watershed Restoration
• Junior Faculty Workshop on Financial Regulation and Banking
• Ken Singleton Celebration
• Marketing Camp
• Quantitative Marketing PhD Alumni Conference
• Presentations
• Theory and Inference in Accounting Research
• Stanford Closer Look Series
• Quick Guides
• Core Concepts
• Journal Articles
• Glossary of Terms
• Faculty & Staff
• Researchers & Students
• Research Approach
• Charitable Giving
• Financial Health
• Government Services
• Workers & Careers
• Short Course
• Adaptive & Iterative Experimentation
• Incentive Design
• Social Sciences & Behavioral Nudges
• Bandit Experiment Application
• Conferences & Events
• Get Involved
• Reading Materials
• Teaching & Curriculum
• Energy Entrepreneurship
• Faculty & Affiliates
• SOLE Report
• Responsible Supply Chains
• Current Study Usage
• Pre-Registration Information
• Participate in a Study

Steer Clear of Corporate Venture Capital Pitfalls

Many corporate venture capital initiatives (CVCs) don’t deliver on their potential to bolster innovation. Research finds that these units often fit awkwardly within their parent companies, fail to meet their goals, or lack clear objectives. The authors identify the salient issues and specific questions that business leaders who are overseeing, or launching, CVC efforts should work through to improve their odds of success.

• Priorities for the GSB's Future
• See the Current DEI Report
• Supporting Data
• Research & Insights
• Share Your Thoughts
• Search Fund Primer
• Affiliated Faculty
• Faculty Advisors
• Louis W. Foster Resource Center
• Defining Social Innovation
• Impact Compass
• Global Health Innovation Insights
• Faculty Affiliates
• Student Awards & Certificates
• Changemakers
• Dean Jonathan Levin
• Dean Garth Saloner
• Dean Robert Joss
• Dean Michael Spence
• Dean Robert Jaedicke
• Dean Rene McPherson
• Dean Arjay Miller
• Dean Ernest Arbuckle
• Dean Jacob Hugh Jackson
• Dean Willard Hotchkiss
• Faculty in Memoriam
• Stanford GSB Firsts
• Certificate & Award Recipients
• Teaching Approach
• Analysis and Measurement of Impact
• The Corporate Entrepreneur: Startup in a Grown-Up Enterprise
• Data-Driven Impact
• Designing Experiments for Impact
• Digital Business Transformation
• The Founder’s Right Hand
• Marketing for Measurable Change
• Product Management
• Public Policy Lab: Financial Challenges Facing US Cities
• Public Policy Lab: Homelessness in California
• Lab Features
• Curricular Integration
• View From The Top
• Formation of New Ventures
• Managing Growing Enterprises
• Startup Garage
• Explore Beyond the Classroom
• Stanford Venture Studio
• Summer Program
• Workshops & Events
• The Five Lenses of Entrepreneurship
• Leadership Labs
• Executive Challenge
• Arbuckle Leadership Fellows Program
• Selection Process
• Training Schedule
• Time Commitment
• Learning Expectations
• Post-Training Opportunities
• Who Should Apply
• Introductory T-Groups
• Leadership for Society Program
• Certificate
• 2023 Awardees
• 2022 Awardees
• 2021 Awardees
• 2020 Awardees
• 2019 Awardees
• 2018 Awardees
• Social Management Immersion Fund
• Stanford Impact Founder Fellowships and Prizes
• Stanford Impact Leader Prizes
• Social Entrepreneurship
• Stanford GSB Impact Fund
• Economic Development
• Energy & Environment
• Stanford GSB Residences
• Environmental Leadership
• Stanford GSB Artwork
• A Closer Look
• California & the Bay Area
• Voices of Stanford GSB
• Business & Beneficial Technology
• Business & Sustainability
• Business & Free Markets
• Business, Government, and Society Forum
• Second Year
• Global Experiences
• JD/MBA Joint Degree
• MA Education/MBA Joint Degree
• MD/MBA Dual Degree
• MPP/MBA Joint Degree
• MS Computer Science/MBA Joint Degree
• MS Electrical Engineering/MBA Joint Degree
• MS Environment and Resources (E-IPER)/MBA Joint Degree
• Academic Calendar
• Clubs & Activities
• LGBTQ+ Students
• Military Veterans
• Minorities & People of Color
• Partners & Families
• Students with Disabilities
• Student Support
• Residential Life
• Student Voices
• MBA Alumni Voices
• A Week in the Life
• Career Support
• Employment Outcomes
• Cost of Attendance
• Knight-Hennessy Scholars Program
• Yellow Ribbon Program
• BOLD Fellows Fund
• Application Process
• Loan Forgiveness
• Contact the Financial Aid Office
• Evaluation Criteria
• GMAT & GRE
• English Language Proficiency
• Personal Information, Activities & Awards
• Professional Experience
• Letters of Recommendation
• Optional Short Answer Questions
• Application Fee
• Reapplication
• Deferred Enrollment
• Joint & Dual Degrees
• Entering Class Profile
• Event Schedule
• Ambassadors
• New & Noteworthy
• Ask a Question
• See Why Stanford MSx
• Is MSx Right for You?
• MSx Stories
• Leadership Development
• Career Advancement
• Career Change
• How You Will Learn
• Admission Events
• Personal Information
• Information for Recommenders
• GMAT, GRE & EA
• English Proficiency Tests
• After You’re Admitted
• Daycare, Schools & Camps
• U.S. Citizens and Permanent Residents
• Requirements
• Requirements: Behavioral
• Requirements: Quantitative
• Requirements: Macro
• Requirements: Micro
• Annual Evaluations
• Field Examination
• Research Activities
• Research Papers
• Dissertation
• Oral Examination
• Current Students
• Education & CV
• International Applicants
• Statement of Purpose
• Reapplicants
• Application Fee Waiver
• Deadline & Decisions
• Job Market Candidates
• Academic Placements
• Stay in Touch
• Faculty Mentors
• Current Fellows
• Standard Track
• Fellowship & Benefits
• Group Enrollment
• Program Formats
• Developing a Program
• Diversity & Inclusion
• Strategic Transformation
• Program Experience
• Contact Client Services
• Campus Experience
• Live Online Experience
• Silicon Valley & Bay Area
• Digital Credentials
• Faculty Spotlights
• Participant Spotlights
• Eligibility
• International Participants
• Stanford Ignite
• Frequently Asked Questions
• Founding Donors
• Location Information
• Participant Profile
• Network Membership
• Program Impact
• Collaborators
• Entrepreneur Profiles
• Company Spotlights
• Seed Transformation Network
• Responsibilities
• Current Coaches
• How to Apply
• Meet the Consultants
• Meet the Interns
• Intern Profiles
• Collaborate
• Research Library
• News & Insights
• Program Contacts
• Databases & Datasets
• Research Guides
• Consultations
• Research Workshops
• Career Research
• Research Data Services
• Course Reserves
• Course Research Guides
• Material Loan Periods
• Fines & Other Charges
• Document Delivery
• Interlibrary Loan
• Equipment Checkout
• Print & Scan
• MBA & MSx Students
• PhD Students
• Other Stanford Students
• Faculty Assistants
• Research Assistants
• Stanford GSB Alumni
• Telling Our Story
• Staff Directory
• Site Registration
• Alumni Directory
• Alumni Email
• Privacy Settings & My Profile
• Success Stories
• The Story of Circles
• Support Women’s Circles
• Stanford Women on Boards Initiative
• Alumnae Spotlights
• Insights & Research
• Industry & Professional
• Entrepreneurial Commitment Group
• Recent Alumni
• Half-Century Club
• Fall Reunions
• Spring Reunions
• MBA 25th Reunion
• Half-Century Club Reunion
• Faculty Lectures
• Ernest C. Arbuckle Award
• Alison Elliott Exceptional Achievement Award
• ENCORE Award
• Excellence in Leadership Award
• John W. Gardner Volunteer Leadership Award
• Robert K. Jaedicke Faculty Award
• Jack McDonald Military Service Appreciation Award
• Jerry I. Porras Latino Leadership Award
• Tapestry Award
• Student & Alumni Events
• Executive Recruiters
• Interviewing
• Land the Perfect Job with LinkedIn
• Negotiating
• Elevator Pitch
• Email Best Practices
• Resumes & Cover Letters
• Self-Assessment
• Whitney Birdwell Ball
• Margaret Brooks
• Bryn Panee Burkhart
• Margaret Chan
• Ricki Frankel
• Peter Gandolfo
• Cindy W. Greig
• Natalie Guillen
• Carly Janson
• Sloan Klein
• Sherri Appel Lassila
• Stuart Meyer
• Tanisha Parrish
• Virginia Roberson
• Philippe Taieb
• Michael Takagawa
• Terra Winston
• Johanna Wise
• Debbie Wolter
• Rebecca Zucker
• Complimentary Coaching
• Changing Careers
• Work-Life Integration
• Career Breaks
• Flexible Work
• Encore Careers
• Join a Board
• D&B Hoovers
• Data Axle (ReferenceUSA)
• EBSCO Business Source
• Global Newsstream
• Market Share Reporter
• ProQuest One Business
• Student Clubs
• Entrepreneurial Students
• Stanford GSB Trust
• Alumni Community
• How to Volunteer
• Springboard Sessions
• Consulting Projects
• 2020 – 2029
• 2010 – 2019
• 2000 – 2009
• 1990 – 1999
• 1980 – 1989
• 1970 – 1979
• 1960 – 1969
• 1950 – 1959
• 1940 – 1949
• Service Areas
• ACT History
• ACT Awards Celebration
• ACT Governance Structure
• Building Leadership for ACT
• Individual Leadership Positions
• Leadership Role Overview
• Purpose of the ACT Management Board
• Contact ACT
• Business & Nonprofit Communities
• Reunion Volunteers
• Ways to Give
• Fiscal Year Report
• Business School Fund Leadership Council
• Planned Giving Options
• Planned Giving Benefits
• Planned Gifts and Reunions
• Legacy Partners
• Giving News & Stories
• Giving Deadlines
• Development Staff
• Submit Class Notes
• Class Secretaries
• Board of Directors
• Health Care
• Sustainability
• Class Takeaways
• All Else Equal: Making Better Decisions
• If/Then: Business, Leadership, Society
• Grit & Growth
• Think Fast, Talk Smart
• Spring 2022
• Spring 2021
• Autumn 2020
• Summer 2020
• Winter 2020
• In the Media
• For Journalists
• DCI Fellows
• Other Auditors
• Academic Calendar & Deadlines
• Course Materials
• Entrepreneurial Resources
• Campus Drive Grove
• Campus Drive Lawn
• CEMEX Auditorium
• King Community Court
• Seawell Family Boardroom
• Stanford GSB Bowl
• Stanford Investors Common
• Town Square
• Vidalakis Courtyard
• Vidalakis Dining Hall
• Catering Services
• Policies & Guidelines
• Reservations
• Contact Faculty Recruiting
• Lecturer Positions
• Postdoctoral Positions
• Accommodations
• CMC-Managed Interviews
• Recruiter-Managed Interviews
• Virtual Interviews
• Campus & Virtual
• Search for Candidates
• Think Globally
• Recruiting Calendar
• Recruiting Policies
• Full-Time Employment
• Summer Employment
• Entrepreneurial Summer Program
• Global Management Immersion Experience
• Social-Purpose Summer Internships
• Process Overview
• Project Types
• Client Eligibility Criteria
• Client Screening
• ACT Leadership
• Social Innovation & Nonprofit Management Resources
• Develop Your Organization’s Talent
• Centers & Initiatives
• Student Fellowships

• English English
• தமிழ் தமிழ்
• বাংলা বাংলা
• മലയാളം മലയാളം
• ગુજરાતી ગુજરાતી
• हिंदी हिंदी
• मराठी मराठी
• Business Business
• बिज़नेस बिज़नेस
• Insurance Insurance

The Financial Express

• Lok Sabha elections 2024 Phase 4 Live
• TN 11th Result 2024 Live Updates
• cbse 10th result live updates
• Stock Market LIVE
• Mutual Funds
• Stock Market Stats
• Gold Rate Today
• Top Indices Performance
• cbse.nic.in Result Live Updates
• MSBSHSE Result 2024 Live Updates
• CUET UG Admit Card 2024 Live
• CBSE 12th Results Live Updates
• Maharashtra Board 10th, 12th Result live Updates
• Loksabha Election
• Budget 2024
• Stock Market Quotes
• Mutual Fund
• Stock Stats
• Top Gainers
• CaFE Invest
• Investing Abroad
• Gold Rate in India
• Silver Rate in India
• Petrol Rate in India
• Diesel Rate in India
• Express Mobility
• Banking & Finance
• Travel & Tourism
• Brand Wagon
• Entertainment
• Web Stories
• Auto Web Stories
• Infographics
• Today’s Paper
• International
• Edits & Columns
• Personal Finance Print
• PRIVACY POLICY
• TERMS AND CONDITIONS

Q4 Results 2024 Updates: Varun Beverages, Zomato, Aditya Birla Capital, Karur Vysya Bank, Inox India, more to announce earnings today

Q4 results 13 may 2024 live updates: investors will be watching the performance of players like varun beverages, zomato, jindal steel & power, aditya birla capital, chalet hotels, sanofi india, karur vysya bank, inox india, among others..

Key Q4 Results Live Updates: With the likes of Maruti Suzuki, Wipro, Bajaj Finserv Infosys, TCS, HCL Technologies, HDFC Bank, Shriram Finance, Jio Financial, Reliance Industries, Tata Consumer Products, HUL, Axis Bank, ‘Vedanta, Tech Mahindra, Bajaj Finance having already released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now full swing. Market Participants are today keen on the performance of players like Varun Beverages, Zomato, Jindal Steel & Power, Aditya Birla Capital, Chalet Hotels, Sanofi India, Karur Vysya Bank, Inox India, among others. Meanwhile, the street is also keeping a watch on how stocks are performing for the companies that have already released their earnings for the period.

The week will witness announcements from the likes of Bharti Airtel , Siemens, Colgate Palmolive ( India ), Apollo Tyres , Mankind Pharma, ICRA , Mahindra and Mahindra, GAIL India, among others

Aditya Birla Capital ’s health insurance business recorded gross written premium (GWP) growth by 36 per cent year-on-year to Rs 3,701 crore, with retail contributing 52 per cent of total GWP.

Aditya Birla Capital ’s life insurance business recorded renewal premium growth of 24 per cent year-on-year to Rs 9,160 crore in FY24. The Individual First Year Premium (FYP) grew by 2 per cent year-on-year to Rs 3,074 crore in FY24.

Aditya Birla Capital ’s mutual fund quarterly average assets under management (QAAUM) grew by 21 per cent year-on-year to Rs 3,31,709 crore for Q4FY24, with equity mix at 45.8 per cent. Individual monthly average assets under management grew by 23 per cent year-on-year to Rs 1,73,238 crore in Mar 2024. Profit before tax grew by 48 per cent YoY to Rs 268 crore in Q4FY24.

Aditya Birla Capital ’s Housing Finance business recorded disbursements growth of 64 per cent year-on-year to Rs 2,933 crore in Q4FY24 and 59 per cent year-on-year to Rs 8,450 Crore in FY24. Loan portfolio grew by 33 per cent year-on-year to Rs 18,420 crore. The profit witnessed growth by 14 per cent on-year to Rs 95 crore in Q4 and 22 per cent year-on-year to Rs 376 crore in FY24.

Aditya Birla Capital ’s NBFC business posted disbursements growth of 16 per cent year-on-year to Rs 18,123 crore in Q4FY24. Disbursements grew by 31 per cent year-on-year to Rs 64,387 crore in FY24. Loan portfolio grew by 31 per cent year-on-year to Rs 105,639 crore. Loans to Retail, SME and HNI customers constitute 67 per cent of the total loan portfolio. Profit before tax grew by 31 per cent year-on-year to Rs 794 crore in Q4FY24.

Aditya Birla Capital expanded its physical footprint with a pan- India presence of 1,474 branches across all businesses as of March 31, 2024. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments. During Q4 FY24, Aditya Birla Capital and Sunlife sold about 5 per cent and 6.5 per cent stake in ABSL AMC respectively through an offer for sale with the objective of meeting the minimum public shareholding requirement by October 2024.

Aditya Birla Capital continued to expand its footprint in the MSME segment through its comprehensive B2B platform, Udyog Plus, which has seen more than 8 lakh registrations till date. It offers paperless digital journey for business loans and loan disbursement of up to Rs 10 lakh. Udyog Plus has clocked disbursements of ~Rs 500 crore till date with ABG ecosystem contributing about two-thirds of the business. The total AUM of Udyog Plus has reached ~ Rs 250 crore till date.

Aditya Birla Capital Limited posted its consolidated revenue in Q4FY24 at Rs 12,079 crore, up 32 per cent on-year. Its FY24 revenue was at Rs 39,050 crore, up 30 per cent YoY. The consolidated profit after tax , excluding one-off items, grew 33 per cent year-on-year to Rs 812 crore in Q4FY24 and rose by 41 per cent year-on year to Rs 2,902 crore in FY24.

“The strong momentum across businesses led to a 31 per cent year-on-year and 8 per cent sequential growth in the overall lending portfolio (NBFC and HFC) to Rs 1,24,059 crore as on March 31, 2024,” the company said in a regulatory filing. The total AUM (AMC, life insurance and health insurance ) grew by 21 per cent year-on-year to Rs 4,36,442 crore. The total premium (life insurance and health insurance) grew by 18 per cent year-on-year to Rs 20,961 crore in FY24.

“We could not have imagined the current state of all four of our businesses – food delivery, Blinkit, Going-out and Hyperpure. I think the team has executed phenomenally well over the last couple of years, and continues to stay (more or less) focused with their ears to the ground. Our journey in the last two years has, in so many ways, increased the expectations our stakeholders have from us and we will try our best to live up to them“ – Deepinder Goyal, Founder & CEO, Zomato .

“We believe that a business built on the back of great service quality is much tougher (and hence more defensible) than just offering lower prices. In March 2024, our average delivery time was 12.5 minutes. Besides delivering quickly, ~75% of our orders were delivered within two minutes of the promised time we showed to our customers and our accuracy on fulfilling items to customers was 99%+. This meant our service was fast, reliable and stood up to the promise we made to our customers,” said Albinder Dhindsa, Founder & CEO, Blinkit.

“ESOPs are important to help build a culture of long-term thinking and innovation and create a ‘founder mindset’ amongst senior employees, which ultimately drives the right outcomes for long-term shareholder value creation. Also, in people-dependent businesses like ours, where great execution and constant innovation are the only determinants of survival, ESOPs are a great way to drive the high-performance culture that we thrive on,” said Akshant Goyal, CFO, Zomato .

Blinkit posted its fourth quarter revenue at Rs 769 crore, up 111.8 per cent in comparison to Rs 363 crore recorded during the same period last year. Blinkit EBIT was reported at Rs 2 crore as against EBIT loss of Rs 179 crore during Q4FY23.

Food delivery platform Zomato on Monday announced its fourth quarter earnings for the financial year 2023-24 with profit at Rs 175 crore in comparison to a loss of Rs 189 crore during the corresponding quarter of FY23. The company recorded revenue from operations at Rs 3562 crore, up 73.2 per cent on-year as against Rs 2056 crore during the same period last year. It posted EBITDA at Rs 86 crore versus EBITDA loss of Rs 226 crore during Q4FY23.

“TII demonstrated resilience, achieving a consistent growth in Consolidated Profits before tax , driven by a strategic focus on Cost Reduction Initiatives and operational efficiency through Kaizen improvements. Exports during the year have grown by 14%. Notably, our subsidiaries, CG Power and Industrial Solutions Ltd, as well as Shanthi Gears Ltd, sustained their impressive performance. CG Power & Industrial Solutions Limited secured approval from the Union Cabinet under India ’s Semi-conductor scheme to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility, with an investment of around Rs 7,600 crore over 5 years. This investment will be supported by Government Subsidies, Equity Contribution, and bank borrowings, with technology and Joint venture partnerships from Renesas Electronics Corporation, Japan, and Stars Microelectronics, Thailand. Additionally, TII and its subsidiary, TI Clean Mobility Private Limited, forged an agreement with GEF to raise Rs 580 crore through Compulsory Convertible Preference Shares.”

The Board approved long-term borrowing up to Rs. 350 crore by way of term loan and/or by way of issue of privately placed secured non-convertible debentures, in one or more tranches, if required, to meet the company’s fund requirements for FY 2024-25.

Tube Investments of India Ltd reported its fourth quarter profit for the financial year 2023-24 at Rs 189.53 crore, down 39.2 per cent on-year in comparison to Rs 311.78 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 4490.11 crore, up 18.9 per cent as against Rs 3777.57 crore during the corresponding quarter of previous year.

The board has also recommended a final dividend of Rs 1.50 per equity share of Re 1 each for the financial year ended 31st March 2024. “Together with the interim dividend of Rs 2 per share, paid on 21st February 2024, the total dividend for the financial year 2023-24 works out to Rs 3.50 per share. The said final dividend, if approved by the Members at the ensuing AGM, will be paid within 30 days from the date of the AGM (i.e., on or before 30th August 2024),” the company said in a regulatory filing.

“As we look ahead to FY25, we expect a return to growth and normalization in margins driven by the agchem market returning to normality. Further, our foremost priority remains to deleverage our balance sheet which we plan to achieve through operational cash flows, completion of rights issue, and pursuing capital raise opportunities within our platforms,” said Mike Frank, CEO, UPL Corporation Ltd.

Mike Frank, CEO, UPL Corporation Ltd, said, “We delivered significantly improved financial results in Q4 versus the two preceding quarters, inspite of the prevailing volatile and challenging market conditions. As compared to Q3, volumes recovered well and were in-line with LY, largely led by the strong performance of our high-margin differentiated and sustainable portfolio, which contributed 36% of crop protection revenue vs 29% LY.

“Our recent launches of Evolution, Feroce and Shenzi did exceedingly well, growing volumes by >50%. In addition, Europe and Rest of the World regions, had a strong performance posting double-digit growth. Contribution margins were in-line with last year, adjusted for the transitory impact of high-cost inventory liquidation and higher rebates to support channel partners. Our cost optimization efforts paid off as we reduced Q4 SG&A expenses by 17% YoY,” he added

UPL Limited on Monday announced its fourth quarter earnings for the financial year 2023-24 with profit at Rs 40 crore, down 94.9 per cent in comparison to Rs 792 crore during Q4FY23. It posted revenue from operations at Rs 14,078 crore, down 15 per cent as against Rs 16,569 crore during the corresponding quarter of last year. The company EBITDA stood at Rs 1,932 crore.

UPL Limited also recommended a dividend of 50 per cent, i.e., Re 1 per equity share on equity shares of Rs 2 each, subject to approval of members at the ensuing Annual General Meeting. The dividend will be paid / dispatched within 30 days of the Annual General Meeting, it said.

Ravi Jaipuria, Chairman, Varun Beverages Limited, said, “In-spite of delay in the holi festival by 17 days resulting in delayed seasonality cycle, we are pleased to report a reasonably strong overall operational and financial performance in the first quarter of the year. We achieved a consolidated sales revenue growth of 10.9 per cent with a break-up of volume growth of 7.2 per cent and net realization per case growth of 3.5 per cent in Q1, reflecting an improved product mix in India and higher contributions from international markets.”

Varun Beverages , one of the largest bottlers of PepsiCo products outside the US, on Monday announced its first quarter earnings for the calendar year 2024 with profit at Rs 547.98 crore, up 24.9 per cent in comparison to Rs 438.57 crore during the same period last year. It posted revenue from operations at Rs 4397.98 crore, up 11.3 per cent as against Rs 3952.59 crore during the same quarter the previous year. The company EBITDA stood at Rs 990 crore, up 24 per cent YoY.

JK Cement recorded its fourth quarter profit at Rs 219.68 crore, up 104.7 per cent in comparison to Rs 107.34 crore during the same period last year. It posted revenue from operations at Rs 3,105.8 crore, recording a rise of 11.8 per cent from Rs 2,777.9 crore during the corresponding quarter of the previous year. The company EBITDA stood at Rs 649.9 crore.

The company board recommended a dividend at the rate of Rs 15 per equity share (i.e. 150 per cent) and special dividend at the rate of Rs 5 per equity share (i.e. 50 per cent), taking overall dividend at the rate of Rs 20 i.e. 200 per cent per equity share of Rs 10 each (fully paid up) for the Financial Year 2023-24.

“DLPL posted a robust quarter, with revenue growing 11% YoY on the back of sample volume increasing 9% YoY and Swasthfit contributing 24% to the topline. DLPL’s focus and execution prowess on expanding its presence in Tier 3+ cities (bulk of expansion) is likely to support its high single-digit revenue growth in core markets (Delhi NCR). With pricing pressures abating, DLPL remains well positioned to capture the structural tailwinds enjoyed by the Indian healthcare industry . Strong balance sheet (net cash of Rs 8.7bn), and improving return ratios provide comfort on valuations.”

– Anshul Agrawal, Equity Research Analyst, Emkay Global Financial Services Ltd

BEML Limited reported Q4 earnings with profit at Rs 256.80 crore, up 62.9 per cent on-year in comparison to Rs 157.69 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 1513.65 crore, up 9.1 per cent as against Rs 1387.94 crore during the same period last year. The company EBITDA stood at Rs 370.4 crore, up 29.2 per cent on-year.

The company board also recommended a final dividend of Rs 15.50 per equity share (i.e.155 per cent of paid-up share capital).

Related News

The IPL 2024 league stage is coming to an end with Kolkata Knight Riders securing a playoff spot. Four other teams are vying for three remaining spots, with Rajasthan Royals in a tough spot after recent losses. Sunrisers Hyderabad and Royal Challengers Bangalore have a good chance, while Chennai Super Kings’ strong net run rate gives them hope.

Photo Gallery

4 Arvind Kejriwal’s wife Sunita quits govt: What we know so far

9 Rs 50, Rs 200, Rs 500 and Rs 2000 notes images: Here are the new currency notes released by RBI

21 Anubhuti coaches with aircraft-like features to replace Shatabdi 1st-AC Executive chair cars; 20 amazing facts

Latest News

NFO launches set to hit a new record this year

Will Nifty scale above the 22,200 mark, or consolidate ahead? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

Stocks To Watch: Zomato, DLF, Sanofi, JSPL, Shriram Finance, UPL, Cochin Shipyard, RVNL

Warburg to buy Shriram HFC for Rs 4,630 cr

Food inflation rose marginally to 8.7% in April

Trending topics.

• IPO’s Open and Upcoming 11
• Stock Analysis
• Financial Literacy
• NSE Top Gainers 1070
• NSE Top Losers 1471
• BSE Top Gainers 1898
• BSE Top Losers 2297
• NSE 52-Week High 0
• NSE 52-Week Low 0
• BSE 52-Week High 0
• BSE 52-Week Low 0
• NSE Price Shocker
• NSE Volume Shocker
• BSE Price Shocker
• BSE Volume Shocker
• NSE Sellers
• BSE Sellers
• Silver Rate Today
• Petrol Rate Today
• Diesel Rate Today