SIS Ltd on Wednesday reported an 8 per cent rise in net profit to Rs 90 crore for the first quarter ended June 30, aided by increase in revenue. The company had posted a net profit of Rs 83 crore in the April-June quarter of the preceding fiscal. Its revenue from operations for the quarter increased by 11 per cent to Rs 2,976.7 crore from Rs 2,678.2 crore a year ago, the multinational firm in security, facility management and cash logistics solutions said in a statement. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit rose by 15 per cent to Rs 139 crore as against Rs 121 crore in the same quarter a year ago. SIS Group managing director Rituraj Sinha said, "The first quarter results signal a solid start to FY'24. Trend of last few quarters demonstrates that growth is back across segments. Margin improvement actions are also yielding results." The cash logistics segment continues its strong revenue growth of 24 per cent over the same quar
The company has acquired significant projects in Pune, Mumbai, and Bengaluru; all ongoing real estate projects are progressing well
'Sometimes there are difficulties in terms of the right of way, land acquisition, etc'
Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note. Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. The ports-to-energy conglomerate is now looking at robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission, it said adding several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years. Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio. Its target EBITDA of over Rs 90,000 ..
Of the infrastructure business, 49 per cent of the profits are currently contributed by energy and utility, another 25 per cent by transport and rest by cement and logistics businesses
Edible oil firm Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations. Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, he highlighted. "Our target is to achieve more than Rs 5,000 crore profitability at EBIDTA level and over Rs 50,000 crore turnover in the next five years," Ramdev said. During the full 2022-23 fiscal, the net profit rose to Rs 886.44 crore from Rs 806.30 crore in the preceding fiscal. Th
Vedanta Resources Ltd (Vedanta) on Thursday said it generated an EBITDA of USD 4.6 billion and a pre-capex free cash flow of USD 2.8 billion during financial year 2022-23. While the EBITDA (earnings before interest, taxes, depreciation and amortization) in FY23 was its second highest, the pre-capex cash flow was its all-time high, the company said in a statement. "Vedanta has generated EBITDA of USD 4.6 billion in FY23 and free cash flow pre-capex of USD 2.8 billion. It was accompanied by a significant improvement in its balance sheet position, with Vedanta gross debt falling from USD 9.8 billion to USD 7.8 billion in the twelve months to March 2023, with further continued deleveraging thereafter to a position of USD 6.4 billion as at end May 2023, as previously announced," it said. The company said it expects further improvement in its capital structure, based on the robust EBITDA and free cash flow estimates for FY24. As part of company's ongoing balance sheet management, all ...
The run-rate Ebitda, which consider annualisation of Ebitda from projects commissioned during the year, came in at Rs 66,566 crore
After gaining 40% already in FY24, the stock is trading at a PE of over 100x
However, they will continue to be "net lenders" to group companies when they require funds
The company posted better than expected results for the March quarter, and prospects remain strong
Pidilite's volume growth stood at 7 per cent during the quarter
So are analyst opinions with ratings ranging between 'hold to 'buy', and valuations between Rs 110 and Rs 132
In Q4FY23, Tata Steel Europe reported an EBITDA loss of Rs 1,641 crore. In the previous quarter, EBITDA loss had stood at Rs 1,551 crore
The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23
Hospitals to recover from sluggish Q3; diagnostics growth rate at pre-Covid levels
Continuing churn in customer addition to hold back ARPU growth
Growth in domestic business exceeds expectations, says maker of Cinthol soaps
However, amid high hopes, new CEO Mohit Joshi has his task cut out in improving product mix, margins, deal wins, et al
Corporate results indicate improving demand