Page 4 - Ebitda

DFPCL Q1 results: PAT surges 75% to Rs 200 cr, revenue down at Rs 2,281 cr

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported 75.43 per cent growth in consolidated profit after tax at Rs 200 crore for June quarter FY25. The company's profit after tax (PAT) stood at Rs 114 crore during the corresponding quarter of the previous financial year, DFPCL said in a regulatory filing. Revenue declined to Rs 2,281 crore from Rs 2,313 crore due to lower commodity prices. The company said the first quarter of previous year saw a one-time impact of Rs 161 crore of subsidy on channel inventory and warehouse stock. "We have delivered an impressive performance for Q1FY25, with a notable increase in EBITDA margin by 823 basis points YoY, up from 12.1 per cent to 20.4 per cent. The businesses are reaping the benefits of backward integration of ammonia plant, which has helped mitigate supply chain risk as well as price volatility and the benefits are captured within the group," Chairman and Managing Director Sailesh C Mehta said. Also, he said

Balu Forge Q1 result: PAT up over two-fold at Rs 34.16 cr on higher income

Precision engineering and manufacturing firm Balu Forge on Monday said its on-year net profit grew over two-fold to Rs 34.16 crore in the April-June quarter this year, driven by higher income. The company had posted a net profit of Rs 16.67 crore in the April-June period of FY24. The company said revenue from operations for the reporting quarter stood at Rs 175.3 crore, up 56 per cent from Rs 112.38 crore in the first quarter of the earlier fiscal, helped by focus on client addition and continued demand for the specialised engineering products. The company's EBITDA (Earnings before interest, taxes, depreciation and amortization) grew by 97.31 per cent, while margins expanded by 516 bps from 19.48 per cent in Q1FY24 to 24.64 per cent in Q1FY25, on account of increase in scale of operations and increased demand for heavier products which tend to yield better margins, Balu Forge said. "Our robust financial performance was an outcome of our dedicated strategy implementation focused on

BSNL losses narrow to Rs 5,371 crore in FY24, Ebitda at Rs 2,164 crore

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported on-year rise in its Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA to Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore, Parliament was informed on Wednesday. As a result of packages and measures by the government, BSNL/MTNL have started earning operating profits from FY 2020-21, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha. In line with the Atmanirbhar Bharat initiative, BSNL has placed a purchase order for 1 lakh 4G sites for deployment of indigenous 4G technology, Sekhar said, adding that the equipment is upgradable to 5G. According to the details of last five years' performance of BSNL shared by the Minister, EBITDA stood at Rs 2,164 crore in FY24, 38.8 per cent more than a year ago. The loss narrowed to Rs 5,371 crore in FY24, from Rs 8,161 crore in FY23. To another question on data breach in BSNL, the Minister said Indian .

RIL Q1 preview: Net may see sequential dip, modest growth likely in Ebitda

RIL's telecom division, Reliance Jio, took a tariff hike, effective this month. This, along with the anticipated commissioning of RIL new energy-related giga factories, is expected to remain in focus

Results preview: Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

Over 50 high-impact growth projects to help Vedanta achieve $10 bn Ebitda

Mining conglomerate Vedanta Group's strategic roadmap to a USD 10 billion near-term EBITDA will be powered by timely execution of over 50 high-impact growth projects, including those in zinc, aluminum, oil and gas and power businesses. These projects are at an advanced stage of completion, according to a powerpoint presentation made to more than 45 fund managers and analysts, who were on a site visit organised by the Vedanta Group. Vedanta's aluminum business has projects underway to achieve 3.1 million tonnes per annum of integrated supply. It sits in the first quartile of the global cost curve, with the cost of production at multi-year lows -- USD 1,711 per tonne -- with a 100 per cent vertically integrated supply chain. The business has a 2x strong demand outlook with India's domestic market set to double every five years, it said. Vedanta's zinc business produces 1.2 million tonnes of zinc metal at the cost of USD 1,000 per tonne while silver volumes are at 800 million tonnes a

Vedanta Resources posts 2nd highest consolidated EBITDA of $4.7 bn in FY24

Vedanta Resources, the parent company of India-listed mining group, posted its second highest ever consolidated EBITDA of USD 4.7 billion for FY24, a year which its chairman Anil Agarwal described as 'pivotal year' that will result in "a strong Vedanta." Revenue (before special items) for the year at USD 17.1 billion was 6 per cent lower than USD 18.1 billion of the previous year "primarily driven by lower output commodity prices primarily of aluminium, zinc and brent, partially offset by higher volume at aluminium, copper and iron ore business," the conglomerate said in a statement on its website. It posted the second highest ever consolidated EBITDA of USD 4.7 billion, 2 per cent higher year-on-year (FY 2022-23: USD 4.6 billion). "This was mainly due to softening of input commodity prices coupled with strategic cost savings, one time arbitration award in oil and gas business which is partially offset by slip in commodity prices primarily of aluminium, zinc and brent and strategic .

Bharti Airtel's Africa Ebitda likely to contract by about 20%: S&P Global

Bharti Airtel's Africa EBITDA is expected to be reduced by about 20 per cent in the current fiscal and register slow overall earnings growth, credit rating agency S&P Global said on Monday. The credit rating agency, however, said Bharti Airtel's overall earnings growth will likely remain on an uptrend, and its average revenue per user will continue to rise gradually in the Indian mobile market. "Currency-induced weakness in Bharti Airtel Ltd's African operations will weigh on earnings from that region and slow overall earnings growth. We expect that reported EBITDA from the African operations could contract by about 20 per cent in fiscal 2025 (year ending March 31, 2025) in Indian rupee terms," S&P Global said. Bharti Airtel on Tuesday posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March 2024 quarter, mainly due to the devaluation of the Nigerian Naira. Airtel suffered a forex loss of Rs 2,544.4 crore on account of currency devaluation. "Africa ...

eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show

eClerx plans to allocate up to Rs 385 crore for its buyback, equivalent to 24.98 per cent of the total paid-up equity share capital and 18.38 per cent of free reserves

Brokerages raise targets on RIL stock post Q4; check latest prices here

The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical

ABB confident about faster revenue growth in 2024 despite China slowdown

ABB shares were indicated to open 2.2% higher in premarket activity in Zurich

Operationally profitable for two quarters: Fashion platform Myntra

Brands on Myntra have recorded strong year-on-year (YoY) growth, with the catalogue size on the platform also having grown by over 50 per cent in the last year

ZEE introduces monthly management mentorship programme to meet key metrics

A special committee has been formed to offer strategic guidance, which includes achieving the targeted 20% Ebitda margin set forth by the MD & CEO

Prospects of Havells India seen improving; but positives priced in

Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East

Healthtech unicorn Pristyn Care lays off 120 employees, eyes profitability

This is the second time the firm has laid off employees. Pristyn had, in March last year, reportedly laid off 45 employees due to poor performance

Vedanta eyes $6 bn Ebitda in FY25, reiterates guidance on profit targets

Mining conglomerate Vedanta Group is eyeing USD 6 billion of pre-tax profits in the next financial year and scaling it to USD 7-7.5 billion in the following year on the back of operational efficiencies across businesses. "The building blocks are already in place, and largely under our control for EBITDA augmentation. The increase will be driven by ongoing cost optimization, price increases and volume ramp-up," Ajay Goel, CFO, Vedanta Limited said at a recent analysts' meet. The company is expected to clock nearly USD 5 billion of EBITDA in FY24 (April 2023 to March 2024); adjusting for one-time gains of the Cairn arbitration, the operational EBITDA for FY24 will be USD 4.4 billion. The ambitious EBITDA target of USD 6 billion represents a jump of over 35 per cent. "Most of this growth, nearly 15 per cent, will be driven by cost optimization measures. Price upticks, for example through increase in value added aluminium products, will account for another 8 per cent. Ramp-ups in ...

Encouraging signals

Q3FY24 results show private capex and rural demand improving

Capacit'e Infraprojects Q3 results: Net profit grows 6% to Rs 30 crore

Capacit'e Infraprojects on Wednesday posted a 6 per rise in its consolidated net profit to Rs 30 crore during the third quarter ended December 2023, driven by higher income. It had clocked a net profit of Rs 23 crore in the October-December period of FY23, the company said in an exchange filing. The company's revenue from operations rose 8.57 per cent to Rs 481 crore against Rs 443 crore a year ago. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at Rs 89 crore compared to Rs 90 crore in the year-ago quarter. The company's order book stood at Rs 9,670 crore as of December 31, 2023, of which the public sector accounts for 65 per cent while the remaining came in from the private sector. The company's Executive Director Rohit Katyal said, "Over the past few years, while our order book size has expanded significantly, our project under execution has reduced, leading to higher revenue contribution per project, better management and improved margin ...

Black Box Q3 results: Net profit rises to Rs 41 crore, revenue remains flat

IT company Black Box posted a multi-fold jump in consolidated net profit to Rs 40.87 crore in the December quarter on account of cost rationalisation and enhanced productivity. The company had posted a net profit of Rs 7.79 crore in the year-ago period, it said in a regulatory filing on Friday. The consolidated revenue of Black Box during the third quarter of the current fiscal remained almost flat at Rs 1,655.47 crore compared to Rs 1,671.71 crore a year ago. "We are delighted by our achievements in the third quarter and nine months of FY24. Our EBITDA margins and overall profitability both on a quarter-on-quarter and year-on-year basis increased substantially due to our emphasis on cost rationalisation and enhanced productivity. "Strong order book, coupled with deal wins in excess of USD 50 million during the quarter, makes us confident in our resilient business model," Black Box Whole Time Director Sanjeev Verma said. The company said its strategy to focus on large revenue ...

Licious lays off 3% of its workforce amid restructuring exercise

The affected employees were informed on Friday. Licious has offered two months of compensation, along with the variable payout for FY 2024, to the retrenched employees, said the company