Page 2 - Adjusted Gross Revenue

Kalyan Jewellers Q1 revenue surges 31% in FY26 despite demand gaps

Kalyan Jewellers on Monday reported a 31 per cent year-on-year increase in consolidated revenue for the first quarter of the fiscal 2025-26, despite multiple pauses in demand, majorly due to volatility in gold prices and geopolitical tensions. The company had reported a consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of the 2024-25 fiscal. India operations saw 31 per cent revenue growth during Q1 of the fiscal 2025-26 compared to Q1 of the previous year, the company said in a regulatory filing. The revenue from global operations was up 31 per cent and contributed 15 per cent to the consolidated revenue in Q1. The revenue from Middle East operations was up 26 per cent driven predominantly by same-store-sales growth, while the digital platform Candere recorded 67 revenue growth during Q1 of FY26. During Q1, the company opened 10 Kalyan showrooms and eight Candere showrooms in India and one Kalyan showroom in the US. The company has drawn up plans to

IPO-bound Smartworks FY25 loss widens to ₹63 cr, revenue rises 32%

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in the RHP. Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability. Smartworks will hit the capital market on July 10 to launch its initial public offering (IPO). The issue will conclude on July 14. The company has rev

Centre mulls relief for Vodafone Idea as threat of insolvency looms

The government is considering extending the repayment period for AGR dues from the current six years to 20 years, while also shifting from compound to simple interest on the outstanding amount

Engaged with govt after SC's AGR dues ruling: Vodafone Idea CEO Moondra

The statement comes after the SC dismissed petitions by Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues

Explained: SC rejects AGR waiver plea by Airtel, Vi & Tata

India’s telecom giants, Vodafone Idea, Airtel, and Tata Teleservices, are in for big trouble as the Supreme Court has dismissed their latest plea for relief in the AGR dues case.

Vodafone Idea shares sink 10% after SC 'dismisses' plea in AGR case

Vodafone Idea AGR Relief: According to reports, the Supreme Court, on Monday, dismissed writ petitions filed by Vodafone Idea asking the Court to direct the Government to exempt interests on AGR dues

After Vodafone Idea, Airtel files plea in Supreme Court over AGR dues

Bharti Airtel and Bharti Hexacom have moved the Supreme Court seeking relief from AGR dues, following Vodafone Idea's plea. The telcos warn of financial strain without a waiver on interest & penalties

Trai proposes 4% AGR charge, 5-year term for satellite spectrum use

Trai's recommendations clear yet another hurdle for satcom services in India

Voda Idea debt at Rs 2.17 trn in Dec 2024 quarter, govt stake up at 48.99%

According to the company's investor presentation, the debt of Rs 2.17 trillion comprises Rs 2,14,700 crore payment obligations towards the government

Vodafone Idea soars 19% on Govt aid; stock a 'high risk' play, say analysts

Vodafone Idea news: Vodafone Idea will issue 36.95 billion equity shares, as part of the debt conversion process, which will increase the Government's stake in Vi to 49 per cent

Nazara Tech Q3 results: PAT dips 54% to Rs 13.6 cr, revenue rises 67%

Gaming and e-sports platform Nazara Technologies has reported a 53.6 per cent decline to Rs 13.68 crore in consolidated net profit for the October-December quarter of FY25. It had posted a profit of Rs 29.52 crore in the year-ago period, according to a regulatory filing. Revenue from operations for Q3 FY25 was Rs 534.7 crore, a 66.8 per cent climb, from Rs 320.4 crore in Q3 FY24. Sequentially, profit fell 15.7 per cent, while revenue rose 67.6 per cent. Nazara's core gaming segment revenues grew by 53 per cent, driven by acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam, a company statement said. "The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia's collaboration with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including B

NDTV Q3 results: Loss widens to Rs 55.48 crore due to higher expenses

Media network NDTV Ltd on Saturday reported a widening of consolidated loss to Rs 55.48 crore in the third quarter ended December 31, 2024, impacted by higher expenses. The company had posted a consolidated loss of Rs 10.16 crore in the same quarter last fiscal, NDTV said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 132.74 crore compared to Rs 97.95 crore in the year-ago period, the company said. Total expenses in the third quarter were higher at Rs 187.72 crore as compared to Rs 110.23 crore in the same period a year ago, it added. During the quarter, production expenses and cost of services were higher at Rs 54.87 crore as compared to Rs 36.78 crore in the year-ago period and employee benefits expense was also higher at Rs 42.87 crore as compared to Rs 33.88 crore in the same period a year ago. "The strong revenue performance was driven by increased advertising revenue, and the success of high-profile events and digital ...

Granules India Q3FY25 results: Net profit drops 6% to Rs 118 crore

Drug firm Granules India on Friday said its consolidated profit after tax declined 6 per cent year on year to Rs 118 crore for the third quarter ended December 31, 2024. The company reported a profit after tax of Rs 126 crore in the October-December quarter of the last fiscal. Revenue from operations declined to Rs 1,138 crore in the third quarter as against Rs 1,156 crore in the year-ago period, the Hyderabad-based said in a regulatory filing. "We continue to sustain our profitable growth in the finished dosages segment, driven by our North America business. We are enhancing quality and compliance through systemic improvements across our operations, including Gagillapur," Granules India Chairman & Managing Director Krishna Prasad Chigurupati said. The company said it voluntarily paused production at the Gagillapur plant in September 2024 for risk assessment on account of the USFDA observations. Subsequently, the production resumed in October in a staggered manner, it ...

Govt preps Rs 82,000 cr relief for non-telcos: Decoding the AGR dispute

Adjusted Gross Revenue is a crucial financial metric in India's telecom sector which represents the revenue telecom operators must share with the government under their licensing agreements

Marico forecasts higher quarterly revenue growth on cooking oil demand

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

Omnicom to acquire Interpublic, forming ad giant with $26 bn annual revenue

Omnicom is buying Interpublic Group in a stock-for-stock deal that will create an advertising powerhouse with combined annual revenue of almost USD 26 billion. Shareholders of The Interpublic Group of Companies Inc. will receive 0.344 Omnicom shares for each share of Interpublic common stock that they own. Omnicom shareholders will own 60.6 per cent of the combined company and Interpublic shareholders will own 39.4 per cent after the transaction is complete. The combined company will keep the Omnicom name and trade under the OMC ticker symbol on the New York Stock Exchange. The deal is expected to have annual cost savings of USD 750 million. The transaction is targeted to close during the second half of next year. It still needs the approval of Omnicom and Interpublic shareholders. Shares of Interpublic jumped more than 15 per cent before the market open on Monday, while Omnicom's stock fell more than 2 per cent.

iPhone maker Apple sets all-time revenue record in India: CEO Tim Cook

iPhone maker Apple has set an all-time revenue record in India and observed a double-digit growth in iPad sales in the country in the September 2024 quarter, senior officials of the company said on Friday. The company reported an over 6 per cent growth in total net sales to USD 94.93 billion during the reported period from USD 89.49 billion a year ago. "We also set September quarter segment revenue records in the Americas, Europe, and the rest of Asia Pacific, as well as in a large number of countries, including the United States, Brazil, Mexico, France, the UK, Korea, Malaysia, Thailand, Saudi Arabia and the UAE, and we continue to be excited by the enthusiasm we're seeing in India, where we set an all-time revenue record," Apple CEO Tim Cook said during the company's earnings call. Cook said Apple also opened two new stores - one in Mumbai and the other in Delhi - in the country during the quarter. "We can't wait to bring four new stores to customers in India," he said. In early

Microsoft Cloud, Office software boost revenue growth beyond projections

Sales in the first quarter, which ended Sept 30, increased 16% to $65.6 billion

Snap reports strong revenue growth, boosting shares amid ad revamp

"Snap's continued hard work to revamp its ad business to better serve performance-focused advertisers, particularly small and medium-sized businesses, and diversify its revenue streams through

Coca-Cola bets on rising soda demand to forecast surge in its revenue

Its average selling prices rose 10 per cent in the third quarter, while unit case volumes 1 per cent