The company had posted a consolidated net profit of Rs 184.15 crore in the same period last fiscal
Revenues of the company increased 25 per cent during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period
Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years
The floods in South India had an impact on construction activity, as have pollution curbs in the National Capital Region, said Chatterjee
The agency said that rising consumption, push for domestic manufacturing and benign funding conditions will support new investments
"Our main interest is not inorganic growth, it is brownfield expansion," said Sharma
The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs
This, even as revenues declined 65% to Rs 690 cr amid Covid-19 lockdowns
Total income doubles, energy sales up 54% to nearly four billion units
With jewellery division doing exceeding well, and other divisions swiftly bouncing back to pre-pandemic levels, total income for the quarter was Rs 7,220 crore, including bullion sale of Rs. 192 crore
In a Q&A, Seshagiri Rao, who is also group CFO, says the firm could introduce a surcharge to pass on the spike, but may still absorb $90-100 cost per tonne of coking coal in Q3
The company has chosen alternatives such as Nepal, South East Asia and Bangladesh which are neighbouring markets and more reliable
CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes
But given an optimistic market and a good monsoon, an upside is more likely
The tech-enabled B2B e-commerce platform for customised goods, has grown four times since the start of the year, and already surpassed $200 million in annualised revenue.
Higher coking coal prices could moderate per-tonne EBITDA margins, but absolute EBITDA is likely to be adequately compensated by robust sales volumes and elevated price levels
Company retains wires business as part of downstream portfolio
Board clears move to convert realty division into fully-owned subsidiary
Revenue grows 132% in Q1FY22, with that from diagnostics putting up the best show
The company's total revenue from operations trebled to Rs 1,112.4 crore from 373.2 crore a year ago