Page 5 - Revenue Collection

Dr Lal PathLabs Q1 net profit dips 57% to Rs 58 cr; revenue falls 17%

Diagnostic services provider Dr Lal Path Labs on Thursday said its consolidated net profit declined 57 per cent to Rs 58 crore for the first quarter ended June 30

Century Plyboards Q1 profit rises 3-fold to 92.62 cr; revenue up 94.3%

Century Plyboards (India) Ltd on Wednesday reported a nearly three-fold rise in its consolidated net profit to 92.62 crore for the first quarter ended on June 2022. The company had reported a net profit of Rs 31.07 crore in the April-June quarter a year ago, Century Plyboards said in a BSE filing. Its revenue from the operation rose 94.25 per cent to Rs 888.78 crore during the quarter under review. It was Rs 457.54 crore in the corresponding quarter previous fiscal. Century Plyboards' total expenses increased 83.74 per cent to Rs 768.97 crore in Q1 FY2022-23 against Rs 418.50 crore. Meanwhile, in a separate filing Century Plyboards said its board in a meeting held on Wednesday approved the scheme of arrangement between the company and its wholly-owned subsidiary Century Infra Ltd. As per the scheme, Century Plyboards will transfer its Container Freight Station Services Undertaking business to its arm Century Infra on a slump sale basis. In consideration, Century Infra will issue

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

D-Mart Q1 reports almost two-fold rise in revenue to Rs 9,806.89 crore

This is also helped by a comparatively low base of the pandemic impacted the corresponding quarter.

Future Consumer Q4 net loss widens to Rs 346 cr, revenue dips 32%

Future Consumer Ltd (FCL), the food-led FMCG company of debt-ridden Future Group, on Friday reported widening of its net loss to Rs 346.23 crore for the fourth quarter ended March 31, 2022. The company, which posted a net loss of Rs 155.12 crore in the January-March quarter a year ago, said due to the impact of COVID-19 and insolvency proceedings against its main customer Future Retail Ltd, there is a material uncertainty over the group's ability to continue as a going concern. Its revenue from operations was down 32.03 per cent to Rs 262.54 crore during the period under review, as against Rs 386.26 crore in the corresponding period last fiscal, FCL said in a regulatory filing. FCL's total expenses were at Rs 533.43 crore, up 6.67 per cent in Q4/FY 2021-22, as against Rs 500.06 crore. For the fiscal year ended March 2022, FCL's net loss was at Rs 449.75 crore. It had a net loss of Rs 483.30 crore in the previous year. However, its revenue from operations was at Rs 1,468.78 crore i

Distribution gains to bolster volume growth for Varun Beverages

The impact of rising raw material prices is a near term concern

Search for tax evasion

India needs to expand its tax base

Net direct tax collection jumps 60.8% to Rs 9.5 trillion in FY22 so far

Improvement in mop-up bodes well for achieving govt's fiscal deficit target at 6.8% of FY22 GDP

FM Sitharaman bats for expanding tax net, ramping up collections

Revenue secy says I-T portal working fine, 300,000 returns being filed daily

Subdued revenue spend may hit economic recovery, say economists

Experts say reduction in revenue expenditure may not result in capex rise

Avg annual revenue collection from tobacco products at Rs 53,750 cr: FM

Finance Minister Nirmala Sitharaman on Tuesday told the Rajya Sabha that the average annual revenue collection, including GST and excise duty, from tobacco products, stands at about Rs 53,750 crore. In reply to a question, the minister also said the GST rates, including compensation cess rates, on goods are fixed on the basis of the recommendations of the GST Council. Answering supplementary questions, she said many non-governmental organisations (NGOs) and consumer education forums have suggested to increase levies on tobacco products considering the health impact. "In the GST Council, we have formed a Group of Ministers (GoM). It has been given the terms of reference to see if on the capacity of a producing unit, where evasion is high, we can consider looking at an increase in the price. "Such items like tobacco have also been put into that list... We will wait for the GoM to come back with its recommendations," she said. Prasanna Acharya (Biju Janata Dal) had asked her if the .

NYSE-listed BPM firm Startek eyes $1-billion revenue in next 2 years

Part of the push to reach this $1 billion target may also come from Chennai-based CSS Corp in which StarTek acquired 26 per cent stake in the company for $30 million, early this year.

Neuberg Diagnostics says will cross Rs 1,000 cr revenue milestone in FY22

The company is planning to set up 10 more labs in the northern and eastern parts of the country for deeper penetration

Contract mfg, exports add to revenue visibility for Sumitomo Chemical

Revenue growth, higher share of specialty products to improve margins going ahead

Govt borrows 55% more this fiscal as lockdowns hit revenue collections

The Centre has borrowed Rs 2.1 trillion so far this fiscal

Centre may need to borrow Rs 1.6 trn more to pay states for revenue loss

The government is expected to muster only Rs 1.1 trillion as it borrows more for a second year straight.

Hotel industry says it lost Rs 1.3 trillion revenue in FY21, seeks help

The Indian hotel industry has taken a hit of over Rs 1.30 lakh crore in revenue for the fiscal year 2020-21 due to the impact of the COVID-19 pandemic, the Federation of Hotel & Restaurant Associations of India (FHRAI) said on Sunday. The apex industry body said it has submitted representation to the Prime Minister and a few other union ministers urging immediate support from the government to save the hospitality sector from imminent collapse and has requested for several fiscal measures for this. "The Indian hotel industry's total revenue in FY2019-20 stood at Rs 1.82 lakh crore. As per our estimates, in FY2020-21, approximately 75 per cent of the industry's revenues got wiped off. That is more than Rs 1.30 lakh crore revenue hit," the FHRAI said in a statement. The businesses are steadily closing and non-performing assets (NPAs) are rising, it added. Since March 2020, the industry has been struggling to manage its statutory and capital expenditure obligations. Repayment of ...

Vivo India sees revenue grow over 45% to Rs 25,060 crore in FY20

Chinese smartphone company Vivo saw its revenue in India growing over 45 per cent to about Rs 25,060 crore in FY20 even as its losses widened significantly over the previous fiscal

Revenue shortfall will affect import of nuclear fuel: DAE to parl panel

The revenue shortfall for the Department of Atomic Energy in 2020-21 will affect the import of nuclear fuel for its power reactors and other important projects

Budget 2021: Additional revenue measures unlikely, reckons Axis Capital

Axis Capital said in a note that recently revised corporate tax structure would be retained to maintain policy consistency so as to not deviate from objective of attracting new investments