News

IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half Leading IT solutions provider Black Box Ltd on Monday reported robust quarterly and half yearly EBITDA and profit after tax (PAT) growth for the period ended September 30.  EBITDA for the quarter increased to Rs 135 crore, reflecting a growth of 34 per cent YoY and 18 per cent QoQ. For the first half (H1) of FY25, EBITDA grew by 31 per cent YoY and stood at Rs 250 crore. EBITDA margins for Q2 FY25 improved substantially by 260 basis points YoY to 9.0 per cent whereas for H1 FY25...
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half
Source: IANS
2024-11-11 11:28:39 am
JTL Industries climbs on completing Phase 1 expansion at its subsidiary JTL Industries is currently trading at Rs. 219.80, up by 10.90 points or 5.22% from its previous closing of Rs. 208.90 on the BSE. The scrip opened at Rs. 225.70 and has touched a high and low of Rs. 225.70 and Rs. 212.45 respectively. So ar 25248 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 276.60 on 28-Feb-2024 and a 52 week low of Rs. 158.55 on 15-Jun-2023. Last one week high and low of the scrip stood at ...
JTL Industries climbs on completing Phase 1 expansion at its subsidiary
JTL Industries climbs on completing Phase 1 expansion at its subsidiary
Source: Accord Fintech
2024-06-03 12:50:33 pm
Zomato shares slide over report claiming 50 pc decline in its stock amid competition Online food aggregator Zomato saw its shares sliding on Friday after global financial services company Macquarie forecasted about a 50 per cent decline in the company's share price in the next 12 months owing to fierce competition.  Zomato shares fell over 5 per cent, before recovering a bit, and was hovering around Rs 173 a piece. The global brokerage firm has reiterated its "underperform" rating for Zomato, giving its stock a price target of Rs 96. According to r...
Zomato shares slide over report claiming 50 pc decline in its stock amid competition
Zomato shares slide over report claiming 50 pc decline in its stock amid competition
Source: IANS
2024-05-31 02:14:53 pm
Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown.  During FY24, the Adani Group’s EBITDA grew to Rs 660 billion, with more than doubling of Adani Power's EBITDA on capacity addition, higher volumes, merchant contribution and lower imported coal prices. According to Jefferies, the Adani Group is back o...
Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies
Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies
Source: IANS
2024-05-31 02:08:58 pm
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal Ritesh Agarwal, Founder and CEO of global hospitality chain OYO Rooms, on Thursday said the company registered its first profitable financial year in 2023-24, with net profit at Rs 100 crore.  Agarwal said in a post on social media platform X that these are provisional numbers, “but the audited financials will likely be close to these”. He said the company’s maiden net profitable financial year was at nearly Rs 100 crore. “This was our eighth consecutive ...
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal
Source: IANS
2024-05-30 02:39:19 pm
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth India Ratings and Research (Ind-Ra) on Thursday upgraded Adani Green Energy Limited’s (AGEL) long-term issuer rating to 'IND AA-’ from ‘IND A+’, saying the company’s outlook is stable.  Among the key rating drivers are AGEL being the largest renewable developer in India with sound operating parameters of operational assets and healthy free cash flow to equity, along with promoter infusion covering equity commitments. The upgrade factors in the cont...
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
Source: IANS
2024-05-30 02:12:19 pm
`Post-it` maker 3M India posts Q4 profit rise; shares surge 3M India reported a 27% rise in quarterly profit on Tuesday aided by strong demand in its healthcare equipment, as well as transportation and electronics segments. Shares of the company, which makes everything from 'Scotch' tape and 'Post-it' notes to power tools and medical products, rose as much as 11.8% to 34,599 rupees, their highest in nearly four months. Consolidated profit after tax rose to 1.73 billion rupees ($20.8 million) in the quarter ended March 31 from 1.3...
`Post-it` maker 3M India posts Q4 profit rise; shares surge
`Post-it` maker 3M India posts Q4 profit rise; shares surge
Source: Reuters
2024-05-28 04:01:10 pm
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz Adani Enterprises Ltd (AEL) on Tuesday announced to raise Rs 16,600 crore via qualified institutional placement (QIP) or other permissible mode in one or more tranches and in accordance with the applicable laws, as it aims to aggressively expand its businesses.  The board of directors at the flagship company of the Adani Group approved the raising of funds by way of issuance of such a number of equity shares having a face value of Rs 1 each of the company. "The board has inter...
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz
Source: IANS
2024-05-28 02:00:57 pm
Zypp Electric raises $15 mn to expand company`s fleet, domestic operations Tech-enabled EV-as-a-service platform Zypp Electric said on Monday that it raised $15 million to expand the company's fleet from 21,000 to 2,00,000 electric scooters and domestic operations to 15 cities across the country by 2026.  The round was led by Japanese major ENEOS, along with participation from existing investors 9unicorns, IAN fund, venture catalysts, WFC & others. "Our commitment to reducing emissions and improving the lives of our driver partners and cu...
Zypp Electric raises $15 mn to expand company`s fleet, domestic operations
Zypp Electric raises $15 mn to expand company`s fleet, domestic operations
Source: IANS
2024-05-27 01:57:36 pm
Aster DM Healthcare announces Rs 250 crore hospital expansion plan in Bengaluru Aster DM Healthcare on Monday announced a Rs 250 crore expansion plan for its Aster CMI Hospital in the city.  The Bengaluru-based multispecialty hospital unit will have an additional infrastructure expansion of 300,000 sq feet, increasing its bed capacity from the existing 500 beds to 850. The existing facility is expected to be commissioned by FY2027. “The current Indian healthcare market looks highly promising, and our efforts will be to increase our footprint in the co...
Aster DM Healthcare announces Rs 250 crore hospital expansion plan in Bengaluru
Aster DM Healthcare announces Rs 250 crore hospital expansion plan in Bengaluru
Source: IANS
2024-05-27 11:14:18 am
ITC reports full year gross revenue at Rs 69,446 crore in FY 23-24 ITC Limited delivered a resilient performance during the year amidst a challenging macroeconomic and operating environment on a high base (FY23 Gross Revenue and EBITDA grew 17.6 per cent and 26.5 per cent respectively).   Overall for FY 2023-24, Gross Revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at Rs 69,446.20 crore and Rs 24,478.61 crore respectively, the company said in a statement. Profit Before Tax and Exceptional items, at Rs 26,...
ITC reports full year gross revenue at Rs 69,446 crore in FY 23-24
ITC reports full year gross revenue at Rs 69,446 crore in FY 23-24
Source: IANS
2024-05-24 09:18:48 am
Indian beauty products retailer Nykaa posts near three-fold jump in Q4 profit India's FSN E-Commerce Ventures, parent of online beauty products seller Nykaa, reported a nearly three-fold jump in quarterly net profit attributable to shareholders on Wednesday as consumers were drawn to the heavy discounts it offered. The company also announced an investment of up to 200 million rupees ($2.4 million) in unit FSN International, which is an international exporter and retailer of beauty and personal care (BPC) products. Consolidated net profit attributable to share...
Indian beauty products retailer Nykaa posts near three-fold jump in Q4 profit
Indian beauty products retailer Nykaa posts near three-fold jump in Q4 profit
Source: Reuters
2024-05-22 05:58:47 pm
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore Payment and financial services company Paytm on Wednesday reported 3 per cent decline in its revenue for the fourth quarter of FY24 to Rs 2,267 crore. The decline, said the company, was primarily influenced by macroeconomic challenges, competitive intensity and regulatory changes. Despite the revenue dip, Paytm said it achieved significant progress in improving its profitability and operational efficiency. Revenue from operations witnessed an increase of 25 per cent year-over-year (Y...
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore
Source: IANS
2024-05-22 11:12:00 am
Vodafone Idea`s Q4 loss widens to Rs 7,674 crore Telecom operator Vodafone Idea (Vi) on Thursday reported a bigger net loss of Rs 7,674 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 6,418.9 crore reported in the same quarter of 2022-23. Vodafone Idea's revenue from operations increased marginally to Rs 10,606 crore from Rs 10,531 crore in the same quarter of the last financial year. Its average revenue per user (ARPU) rose to Rs 146 from Rs 135 reported in the same quarter last fiscal....
Vodafone Idea`s Q4 loss widens to Rs 7,674 crore
Vodafone Idea`s Q4 loss widens to Rs 7,674 crore
Source: IANS
2024-05-17 09:42:40 am
India`s Mankind Pharma`s Q4 profit jumps on strength in chronic drugs segment Indian pharmaceutical company Mankind Pharma posted a more than 65% rise in its fourth-quarter profit on Wednesday, helped by strong domestic demand in its chronic drugs segment. The company also approved a fundraise of up to 75 billion rupees or an equivalent amount via issuance of shares under qualified institutional placement, it said in an exchange filing. Mankind, which makes acute and chronic therapeutics, including anti-infectives and anti-diabetics, posted consolidated profit at...
India`s Mankind Pharma`s Q4 profit jumps on strength in chronic drugs segment
India`s Mankind Pharma`s Q4 profit jumps on strength in chronic drugs segment
Source: Reuters
2024-05-16 10:56:33 am
Adani Energy Solutions acquires Essar`s Mahan-Sipat transmission assets for Rs 1,900 crore Adani Energy Solutions Ltd (AESL), on Thursday, announced that it has acquired 100 per cent stake in Essar Transco Ltd for Rs 1,900 crore. The acquisition covers a fully operational 400 kV, 673 ckt kms (circuit kilometres) inter-state transmission line, linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh. “The acquisition of Mahan-Sipat transmission network will consolidate AESL’s presence in central India with four operating assets having 3,373 ckt k...
Adani Energy Solutions acquires Essar`s Mahan-Sipat transmission assets for Rs 1,900 crore
Adani Energy Solutions acquires Essar`s Mahan-Sipat transmission assets for Rs 1,900 crore
Source: IANS
2024-05-16 10:05:40 am
Apollo Tyres Q4 net profit dips 14 pc Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the previous year. The Apollo Tyres board has “recommended a dividend of Rs 6 per equity share (i.e. 600 per cent) on the face value of Rs 1 each for FY24, subject to the approval of the shareholders at the ensuing AGM of the company, which shall be paid/ dispatched on or before 30 ...
Apollo Tyres Q4 net profit dips 14 pc
Apollo Tyres Q4 net profit dips 14 pc
Source: IANS
2024-05-15 09:47:20 am
Airtel registers 31 pc decline in Q4 net profit Telecom major Bharti Airtel on Tuesday reported a 31 per cent decline in its consolidated net profit at Rs 2,072 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 3,006 crore in the same period of the previous year. The Sunil Mittal-led company posted a 4 per cent increase in revenue from operations during the quarter at Rs 37,599 crore from Rs 36,009 crore in the same period last year. The company’s board of directors have recommended a dividen...
Airtel registers 31 pc decline in Q4 net profit
Airtel registers 31 pc decline in Q4 net profit
Source: IANS
2024-05-15 09:35:01 am
Zomato stock slumps after ESOP announcement Online food delivery company Zomato's shares extended its morning session loss on Tuesday up to 5-6 percent, as the company is expecting an increase in cost due to the employee stock ownership plan (ESOP). Zomato announced results of the fourth quarter of the financial year 2024 on Monday. In the post-result commentary, the management said that in the current financial year (FY25), the costs may increase due to the grant of ESOPs to senior employees and the leadership team of Blinki...
Zomato stock slumps after ESOP announcement
Zomato stock slumps after ESOP announcement
Source: IANS
2024-05-14 04:29:23 pm
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand Varun Beverages reported its first-quarter earnings above market expectations on Monday, as the Pepsi India bottler benefited from an uptick in demand for soft drinks due to an early onset of summer. Gurugram-based Varun Beverages' consolidated net profit rose to 5.37 billion rupees ($64.3 million) for the quarter ended March 31, from 4.29 billion rupees in the year-ago period. It trounced analysts' estimates of 5.02 billion rupees, according to LSEG data. Consumers opted more f...
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand
Pepsi India bottler Varun Beverages beats quarterly profit view on strong demand
Source: Reuters
2024-05-13 02:34:40 pm
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24 Gurugram-based proptech company Square Yards saw its expenses grow over 25 per cent to Rs 1,220.25 crore in FY24, from Rs 926.68 crore in FY23. Employee benefits remained the biggest expenditure at 43 per cent of the overall cost. The employee benefit cost surged 17 per cent to more than Rs 534 crore in FY24 from Rs 456 crore in FY23, according to the company's provisional financial statement for the last fiscal year. On the revenue side, Square Yards crossed the 1,000 crore mark...
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24
Source: IANS
2024-05-13 11:51:17 am
Bharat Forge registers 59 pc surge in Q4 net profit Auto and defence component manufacturer Bharat Forge on Wednesday reported a 59.3 per cent surge in net profit to Rs 389.6 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 244.5 crore in the same period of the previous year. The total revenue of Bharat Forge during the fourth quarter rose 16.6 per cent to Rs 2,328.5 crore from Rs 1,997.3 crore last year. The company informed the BSE that it has “recommended a final dividend of Rs 6.50 per e...
Bharat Forge registers 59 pc surge in Q4 net profit
Bharat Forge registers 59 pc surge in Q4 net profit
Source: IANS
2024-05-08 04:05:59 pm
Reliance Retail records gross revenues of Rs 3.06 lakh crore for FY24 Reliance Retail has delivered a resilient performance with another year of strong revenue growth and profit. The business recorded gross revenues of Rs 3.06 lakh crore for the year FY24, a growth of 17.8 per cent over last year. It continued its strong track record of profit growth, registering an EBITDA of Rs 23,040 crore, higher by 28.5 per cent Y-o-Y for FY24. During the year, its EBITDA margin on net sales continued to show improvements and stood at 8.4 per cent, up 60 bps Y-o-Y. ...
Reliance Retail records gross revenues of Rs 3.06 lakh crore for FY24
Reliance Retail records gross revenues of Rs 3.06 lakh crore for FY24
Source: IANS
2024-04-23 10:37:55 am
Q3FY24 EBITDA at Rs. 10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%+ BLS E-Services Ltd, a technology-enabled digital service provider, providing E-Governance Services, Business Correspondent (BC) Services, and Assisted E-services to the citizens, today announced its unaudited consolidated financial results for the quarter and nine-month period ended 31st December, 2023. Management Discussion & Analysis of Results * BLS E-Services reported its maiden quarterly financial results post the listing of its shares on the Indian stock exchanges viz NSE &...
Q3FY24 EBITDA at Rs. 10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%+
Q3FY24 EBITDA at Rs. 10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%+
Source: PR Agency
2024-02-12 04:39:06 pm
FY24 to be blockbuster year for oil marketing companies with strong dividends  FY24 is turning out to be the best year in terms of earnings for oil marketing companies despite the upcoming general elections. “We raise our earnings estimates by 8-50 per cent for FY24-26, with BPCL seeing the highest upgrade followed by HPCL and IOCL. Under this scenario, FY24/FY25 dividend yield would be 9-12 per cent / 5-7 per cent; although post the election season, we believe the outlook would improve,” Emkay Global Financial Services said in a report. “W...
FY24 to be blockbuster year for oil marketing companies with strong dividends
FY24 to be blockbuster year for oil marketing companies with strong dividends
Source: IANS
2023-11-24 05:03:21 pm
OYO set to report its 1st net profit at Rs 16 cr in Q2 FY24 Global travel tech brand OYO is set to report its first-ever profit after tax (PAT) at Rs 16 crore in the July-September period (Q2) of FY24.In a letter to the company?s top management, seen by IANS, OYO Founder Ritesh Agarwal shared that Q2 FY2024 will mark the company?s maiden profitable quarter with a projected profit after tax (PAT) of over Rs 16 crore.Congratulating his team on completion of 10 years of OYO, Agarwal wrote: ?As per the current trajectory in this quarter, Q2 FY24 will mark...
OYO set to report its 1st net profit at Rs 16 cr in Q2 FY24
OYO set to report its 1st net profit at Rs 16 cr in Q2 FY24
Source: IANS
2023-09-26 06:30:09 pm