Page 6 - Ebitda

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

Jupiter Wagons Ltd Q2 results: Net profit triples to Rs 81 crore

Jupiter Wagons Ltd (JWL) on Monday said its consolidated net profit more than tripled to Rs 81.58 crore in the second quarter ended September 30. It had reported a net profit of Rs 24.80 crore for the July-September period a year ago, the company said in a statement. JWL's revenue from operation increased to Rs 879.30 crore in the quarter under review from Rs 416.72 crore during the year-ago period. According to the statement, the company's EBITDA (Earnings before interest, taxes, depreciation, and amortisation) margin improved to 13.8 per cent in Q2 FY24 from 12 per cent in Q2 FY23. "We have made meaningful progress this quarter on implementing our growth plans which will enable us to further scale up operations. We are adding capacity to the foundry at the Kolkata Unit while setting up a new foundry at our Jabalpur Unit," JWL Managing Director Vivek Lohia said. JWL offers comprehensive mobility solutions, including freight wagons, locomotives, passenger coaches (LHB), braking ..

Cars24 reports revenue of Rs 5,535 cr in FY23, 8% increase from FY22

The company reported profit before tax (loss) of Rs 467.8 crore in FY23 compared to Rs 1093.1 crore in FY22

Century Plyboards Ltd sets revenue target of Rs 12,000 crore by 2031

Plywood and decorative veneers major Century Plyboards (India) Ltd has set an ambitious target of achieving Rs 12,000 crore turnover by 2031 from about Rs 3600 crore in 2022-23. To achieve its Vision 2031, the company is implementing a Rs 2,000 crore capex plan, officials said on Wednesday. The company's standalone revenue from operations for FY23 was Rs 3,620.65 crore, a growth of 20.65 per cent from the previous year. "We are aiming for Rs 12,000 crore revenue by 2031. Despite the challenging demand scenario and sustained inflationary environment, the company strengthened its EBITDA by 4.4 per cent and profit after tax by 12.78 per cent during the year," Chairman Sajjan Bhajanka told shareholders at the AGM. CenturyPly's plywood revenue increased by 27 per cent in the last fiscal, maintaining the company's market leadership position, he said. Non-plywood business revenues also grew by 13.52 per cent, which accounts for 44.43 per cent of the total revenue. "The company has comme

PhonePe expects to achieve operational profit by 2025: CEO Sameer Nigam

India's most valuable fintech firm PhonePe expects to achieve operational profit by 2025, a top official of the company said on Wednesday. PhonePe founder and CEO Sameer Nigam told PTI that the company's payment, advertising, banking and insurance businesses will reach breakeven by the time the company becomes operationally profitable at the group level. While speaking on the sidelines of the launch PhonePe's stock trading platform Share.Market, Nigam said that PhonePe has now become a household brand and a lot of financial services are being distributed on PhonePe, both on the consumer and merchant side. "We don't have to spend much on the marketing side there. I think at the group level, we have enough capital to deploy on Pincode and Share.Market, let them grow while we still hit EBITDA positive by 2025. I think it's doable," Nigam said. Without sharing financial numbers, he said that the company is on track to achieve EBITDA break even as its revenue is rising and losses are ..

Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years

Storage battery major Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. "We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well. However, it will take another one to two years to get back to the pre-covid level of margin," Exide Industries MD and CEO Subir Chakraborty said. Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well. He said the company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required. Commercial production in the Bangalore plant will begin in 2024-25, attracting an estimated capex of Rs 4,000 crore. Chakraborty said the company has received very .

Eveready growth to be backed by 'adequate' profitability: MD Suvamoy Saha

Eveready achieved a growth of 10 per cent over the previous year in its topline, driven primarily by the premiumisation of product portfolio

Essar Oil & Gas profit jumps 51% to Rs 335 cr in FY23 on higher prices

Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday reported a record net profit of Rs 335 crore in the financial year ending March 31, helped by reduced operating costs and higher prices. Net profit of Rs 335 crore in 2022-23 compared with Rs 212 crore net profit in the previous fiscal, the company said in a statement. The unconventional hydrocarbon producer reported its highest fiscal revenue of Rs 900 crore in FY23, a growth of about 1.8 times compared to the previous year. EBIDTA grew over 205 per cent on a YoY basis to about Rs 700 crore. "The EBITDA margin saw a significant improvement of around 3,100 basis points, reaching 77 per cent, due to reduced operating costs and internal consumption," it said. EOGEPL currently produces two-thirds of India's gas output from coal seams, called coal bed methane (CBM). It plans to invest Rs 2,000 crore in the next 18 to 24 months for drilling 200 more wells, which will help swell output. It produced 0.84 million standar

AM/NS India's Ebitda up 54% due to higher steel shipments, lower costs

Crude steel production, which was at 1.8 million (mt), was 7.4 per cent higher YoY