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Livspace, which is in the home design and interiors sector, has posted a 23 per cent increase in revenue to Rs 1,460 crore during the last fiscal, helping the company trim losses to Rs 131 crore. In a statement on Monday, the company said it has posted a revenue of Rs 1,460 crore in FY25 and "a near-50 per cent reduction in adjusted EBITDA loss to approximately Rs 131 crore." The result reflects stronger traction in premium and mass-premium residential segments, higher quality of revenue, and ongoing discipline on costs and unit economics, the company added. Livspace provides a one-stop renovation solution for homeowners -- from design to managing last-mile ful?llment for all rooms in a home. The company has brought together designers, brands, manufacturers and contractors to enable an eCommerce-like experience. Livspace currently serves Singapore (through Qanvast) and over 70 metro and non-metro areas in India. The company has delivered over 120,000 rooms and has sold over 5 mil
Aurobindo Pharma expects its China facility to break even in the third quarter of the current financial year, according to its CFO Santhanam Subramanian. The Hyderabad-based drug maker commenced operations at the facility in the last week of November 2024 and is now ramping up production. "This facility with an initial capacity of 2 billion units plus is ramping up as expected and will begin contributing to revenue in the coming quarters and is expected to break even at the EBITDA (earnings before interest, taxes, depreciation, and amortisation) level by Q3 FY26," Subramanian said in an analyst call. He noted that around USD 145 million has been invested in the facility, which commenced production and invoicing in Q4 FY25 and Q1 FY26, respectively. Elaborating on other investments, Subramanian said the company has invested about USD 70 million in two US facilities, with production expected to start in the current fiscal year. Elaborating further, he noted that the company plans to
Waaree Energies on Monday posted nearly 93 per cent rise in its net profit to Rs 773 crore in the June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a net profit of Rs 401.13 crore in the same quarter a year ago, a statement said. Total revenues rose to Rs 4,597.18 crore in the quarter from Rs 3,496.41 crore in the same period a year ago. The company said it achieved the highest quarterly module production of 2.3 GW in the first quarter of FY26, driven by strong operational focus, and cell production continues to ramp up. The Board of Directors also approved an additional capital expenditure (capex) of Rs 2,754 crore for the expansion of cell capacity by 4 GW in Gujarat and Ingot-wafer by 4 GW in Maharashtra. The capex will be spread over FY 2026-27 and will be financed through a combination of internal accruals and borrowed capital. The board has also approved the proposal for the acquisition of 100 per cent shareholding
IT company Magellanic Cloud on Tuesday posted a 4.75 per cent increase in consolidated profit after tax to Rs 27.77 crore in the June quarter. The company had posted profit after tax of Rs 22.59 crore. The total income of Magellanic Cloud increased 23.16 per cent to Rs 164.34 crore during the first quarter of the current fiscal year from Rs 159.18 crore a year ago. "Magellanic Cloud delivered a strong start to FY26, reporting revenue of Rs 163.96 crore, EBITDA growth of 19.14 per cent, and PAT up 22.93 per cent year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said. He said the company closed acquisition of Finoux during the quarter, which marks its official entry into Al-powered financial analytics and robo-advisory automation. "We recorded a TCV (total contract value) close to Rs 100 crore across our core vertic
Insecticides India Ltd on Wednesday posted an 84.70 per cent rise in consolidated net profit to Rs 13.89 crore for fourth quarter of 2024-25 fiscal on strong sales. The company reported a net profit of Rs 7.52 crore in the year-ago period, according to a regulatory filing. Total income rose by 31.71 per cent to Rs 358.92 crore in the January-March quarter of the 2024-25 fiscal, from Rs 272.50 crore in the year-ago period. For the full 2024-25 fiscal, net profit rose 39.13 per cent to Rs 142.01 crore, as against Rs 102.07 crore in the previous year. The company's Managing Director Rajesh Kumar Aggarwal, said, "Looking ahead, we remain optimistic about the upcoming seasons." The company's growth outlook remains intact, with expectations of expansion in premium products, stable gross profit margins, and EBITDA improvement, driven by new launches and operational efficiencies, he added.
Shree Renuka Sugars Ltd on Thursday said it has posted a consolidated net profit of Rs 93.1 crore for fourth quarter of 2024-25 fiscal on lower expenses. The company had reported a net loss of Rs 111 crore in the year-ago period. Total income declined to Rs 2,752.6 crore during the January-March quarter of the 2024-25 fiscal from Rs 3,386 crore in the year-ago period. However, the expenses remained lower at Rs 2,661.7 crore as against Rs 3,430.1 crore in the same period. For the full 2024-25 fiscal year, the company's net loss narrowed to Rs 299.9 crore from Rs 627.72 crore in the previous year. Shree Renuka Sugars Executive Chairman Atul Chaturvedi said, "Despite head winds due to poor cane crop in Maharashtra and Karnataka the operational performance has remained strong." The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) levels have been maintained, and PAT (Profit After Tax) losses have been reduced significantly, he said and added the company's ...