Page 5 - Ebitda

Balu Forge Industries Q3 result: Net profit grows over two-fold to Rs 25 cr

Balu Forge Industries Ltd (BFIL) on Saturday reported over two-fold rise in its consolidated net profit to Rs 25.4 crore for the December quarter, boosted by higher income. It had posted a net profit of Rs 11.4 crore during the October-December quarter of 2022-23, the company said in an exchange filing. The company's total income rose to Rs 148.9 crore, up 55 per cent over Rs 92 crore in the year-ago quarter. Trimaan Chandock, Executive Director of BFIL said, "The growth was led by our constant focus on client addition and continued demand for our products in the existing and new industries like railways, defence and heavy commercial vehicles." The company's EBITDA grew by 72.1 per cent and margins improved to 22.24 per cent in the third quarter of FY24 from 19.58 per cent a year ago owing to an increase in scale of operations and increased demand for heavier products which tend to yield better margins, he said. BFIL facility is located in Belgaum, Karnataka and has an existing ..

Tata Motors Q3 results: Net profit jumps 137% to Rs 7,025, revenue up 25%

The company remains upbeat on all three auto businesses and expects to do better in Q4

RITES Q3 results: Profit drops 13% to Rs 129 cr, income at Rs 699 cr

RITES Ltd on Thursday reported 12.5 per cent drop in consolidated profit at Rs 128.78 crore for the quarter ended December 31, 2023. The company had posted a profit of Rs 147.18 crore for the year-ago period, RITES said in a filing to BSE. Income dropped to Rs 699.85 crore from Rs 703.38 crore in the year-ago period, the filing said. The sequential progress is in line with the direction that we had strategised in the beginning of the FY, in having received an export order after a long gap, sustained growth in our project consultancy revenue and steady growth in our EBITDA," RITES Ltd Chairman and Managing Director Rahul Mithal said. RITES Ltd, an enterprise under Ministry of Railways, is a multidisciplinary engineering and consultancy organization, providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.

Piramal Pharma Q3FY24 results: Company posts profit at Rs 19.3 crore

On a sequential basis, the company exhibited a 2.47 percent increase in revenue whereas the PAT declined by 51.07 percent

KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore

KPIT's results are opposite to what some of the larger peers have reported. The firms strategy to focus on the auto segment is paying off

40% of our FY25 investments to be in AI: Coforge CEO Sudhir Singh

The Noida headquartered company plans to invest in setting up new cloud infrastructure and AI studio at its campus

UltraTech Cement Q3 results: Net profit surges 68% on lower fuel costs

Lower costs help profits, despite weak growth in volumes

Ramkrishna Forgings Q3 results: Profit up 43% at Rs 87 cr on higher income

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter. Its expenses were at Rs 941.84 crore, up from Rs 684.70 crore a year ago. "The company registered a strong performance across segments and geographies, with year-on-year growth of 20 per cent in revenues and 43 per cent in profitability. EBITDA margins stood at 23 per cent, driven by operating leverage and a sharp focus on cost control," Ramkrishna Forgings Ltd Managing Director Naresh Jalan said in a statement. The company raised Rs 1,000 crore through the QIP route during the quarter, he said. "The recent approval by NCLT Delhi for the acquisition of ACIL

Tata Passenger Electric Mobility nears break-even: MD Shailesh Chandra

He talks about how the company is focusing on going fully electric and moving away from petrol and diesel powertrains

Result preview: Subdued festival sales may reflect in Q3 retail numbers

The third quarter of the financial year typically witnesses higher sales since it coincides with the festival season

BharatPe earns Rs 904 cr against a loss before tax of Rs 886 cr in FY23

BharatPe's EBITDA loss declined by about Rs 158 crore in FY23, it said in a statement

Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr

Adani Group on Monday said pre-tax profit or EBITDA of its portfolio companies that span from apples to airports jumped 47 per cent in the first half of the current fiscal year to Rs 43,688 crore on growth across businesses. "Core infrastructure businesses that provide a high degree of predictability, stability and multi-decadal visibility contributed 86 per cent of total EBITDA," it said in a statement. Trailing 12-month EBITDA of Rs 71,253 crore (USD 8.6 billion) is around 3x of FY19 (April 2018 to March 2019 fiscal year) EBITDA. "The integrated business portfolio, which focuses on fortifying India's infrastructure development, has delivered a strong performance across all its businesses. The substantial cash flows from these businesses lay the foundation for sustained future growth," the statement said. The group had the highest-ever cash balances of Rs 45,895 crore (USD 5.5 billion) at the end of September. Headquartered in Ahmedabad, the Adani portfolio is the largest and ...

BharatPe turns EBITDA positive, clocks Oct 2023 as first profitable month

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines

Cement sector on solid growth path; lower costs should support margins

India's largest cement maker, UltraTech saw an amazing 15.4 per cent volume expansion Y-o-Y, given the season and its scale

AI firm BRAIIN Holdings forays into India, plans to invest $100 million

Through several synergistic acquisitions, the company's market capitalization increased from $215 million to $572 million over the past six months

Life with Pai: What does Ranjan Pai's re-entry mean for Byju's and Aakash?

Given the past and the present, it was not a surprise that early this year Raveendran reached out to Pai and the outcome has been prompt

Apollo Hospitals Q2 profit up 14% to Rs 4,846.9 cr on better patient flows

Apollo looking for another Greenfield hospital in Mumbai is not reported

GMR Airports Infrastructure reduces loss to Rs 190 cr in Jul-Sep quarter

GMR Airports Infrastructure Ltd (GIL) on Monday reported its consolidated net loss reduced to Rs 190 crore in the July-September quarter of the current fiscal year. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022. Company's net income during the reporting quarter rose 25 per cent to Rs 1,607 crore against a net income of Rs 1,285 crore achieved in the second quarter of previous fiscal, GIL said in a statement. The total passenger traffic increased by 25 per cent year-on-year to 26.5 million in the July-September period, the company said. EBITDA (earnings before interest, taxes, depreciation and amortisation) during the September quarter grew by 34 per cent year-on-year to Rs 848 crore, it said. According to GIL, passenger traffic at Delhi airport increased to 17.7 million, up 18 per cent YoY from 15 million in the corresponding quarter of FY23. Domestic traffic witnessed a 16 per cent YoY growth, while international traffic rose by 22 pe

SIS Ltd Q2 results: Profit rises 11.6% to Rs 75 crore, revenue up 11%

SIS Ltd on Monday posted an 11.6 per cent rise in net profit at Rs 75.3 crore in the second quarter ended September 2023. The net profit of the company in the July-September quarter of the preceding fiscal stood at Rs 67.4 crore. The company's revenue in the quarter increased by 11 per cent to Rs 3,073.6 crore, from Rs 2,767.7 crore a year ago, the firm engaged in security, facility management and cash logistics solutions said in a regulatory filing. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit improved by 31.6 per cent to Rs 144.5 crore as of September 30 this fiscal, from Rs 109.8 crore in the same period a year ago. The cash logistics segment continues its strong revenue growth with 22 per cent growth driven by new wins in cash in transit (CIT) business, it said. SIS Group Managing Director Rituraj Kishore Sinha said, "SIS, an essential services leader, continues its growth momentum crossing the Rs 1,00-crore monthly revenue ...

Petronet LNG profit up 9%, to invest Rs 20,685 cr in petrochem plant

The terminal's utilisation level, which was 80 per cent in FY23, has remained consistently above 90 per cent in FY24 so far