Page 2 - Sales

Persistent Systems Q4 results: Profit rises 25% to ₹396 cr on strong growth

Mid-tier IT company Persistent Systems on Thursday posted a 25 per cent jump in March quarter profit to Rs 395.76 crore. The Pune-headquartered company reported a net profit of Rs 315.32 crore in the year-ago period. Its revenues grew 25.2 per cent to Rs 3,242 crore from Rs 2,591 crore in the year-ago period, while operating profit margin expanded to 15.6 per cent from 14.5 per cent in the year-ago period. Its Chief Financial Officer Vinit Teredesai said the margins will further expand up to 2 percentage points in FY26. Speaking to PTI, he also added that the company is maintaining its aspiration of getting USD 2 billion in revenues by FY26, as against USD 1.4 billion in FY25 despite the ongoing uncertainties. He said it is very difficult to predict the exact outcome for the company from the shift in trade policies, and added that deal signings have become sluggish as customers adopt a cautious stance. The company's new deal signings declined to USD 517.5 million in the reporting

Epigral Q3 result: PAT more than doubles to Rs 103.63 cr, shares up 5.57%

Integrated chemical manufacturer Epigral Ltd on Monday posted a more than two-fold jump in consolidated net profit at Rs 103.63 crore in the December quarter on strong sales. The company had reported a net profit of Rs 49.08 crore in the year-ago period. Total income rose 37 per cent to Rs 649.10 crore during the October-December quarter of 2024-25 fiscal from Rs 473.98 crore in the corresponding period of the previous year, according to a regulatory filing. Expenses remained higher at Rs 495.57 crore against Rs 399.82 crore. Epigral Chairman and Managing Director Maulik Patel said: "Epigral's revenue grew by 37 per cent in nine months of FY2025 on account of 15 per cent growth in sales volume from derivatives business and high-value products." The company's diversification strategy has played a key role in witnessing consistent and stable growth in the subdued demand scenario, he added. Epigral's board has approved doubling its CPVC Resin and Epichlorohydrin (ECH) capacity. Th

Puravankara's sales bookings rise 2% to Rs 1,265 cr in December quarter

Real estate company Puravankara Ltd on Monday reported a 2 per cent increase in its sales bookings to Rs 1,265 crore for the latest December quarter on high demand for homes during festivals. Its sales bookings stood at Rs 1,241 crore in the year-ago period. Puravankara Managing Director Ashish Puravankara said, "The growth in collections is a clear reflection of our strong operational efficiency. In the first nine months of this fiscal, we achieved collections of Rs 2,991 crore, a 19 per cent year-on-year increase". "Keeping in line with our acquisition strategy and our growth plans for the current and next financial year, we have invested approximately Rs 1,100 crore this fiscal, adding a potential GDV of around Rs 10,500 crore," he added. Bengaluru-based Puravankara Ltd is one of the leading real estate developers in the country.

Gaurs Group's pre sales up at Rs 4,800 cr in Apr-Dec 2024 on strong demand

Realty firm Gaurs Group has reported around 4-time jump in its sale bookings to Rs 4,786 crore during the April-December period of this fiscal on strong demand for its residential properties in Delhi-NCR. With strong performance in the first nine months of this fiscal, Gaurs Group now figures among the top real estate developers, including both listed and non-listed firms, in the country in terms of sale bookings. The robust performance is largely attributed to the successful launches of two luxury projects, including Gaur 'NYC Residences' located at Wave City, Delhi-Meerut Expressway, and Legacy by Gaurs in Greater Noida, the company said. Sarthak Gaur, Director of Gaurs Group, said, "The remarkable turnover of Rs 4,786 crore in the first three quarters of 2024-25 is a testament to the strength of our portfolio. Completely selling out 2 projects one after the other in a matter of 2-3 days is no mean achievement and we are very proud to be in that league." Manoj Gaur, Chairman and

DeVANS to boost Samba beer capacity to 600K HL with Rs 60 crore investment

Next financial year, the company plans to launch two limited editions of Gianchand, its flagship Indian Single Malt

Nordstrom raises lower end of annual sales outlook on uncertain environment

Nordstrom's addition of sought-after brands, along with its focus on digital growth and expanding stores of its off-price brand Rack, has boosted sales ahead of a potentially mixed holiday season

Unilever, Danone boost sales as price hikes start to slow, beats Q3 sales

Shoppers started trading down to cheaper alternatives, such as private label brands owned by Walmart, Tesco and Carrefour. At their peak in the fourth quarter of 2022, Unilever's underlying prices

Dulux maker AkzoNobel misses Q3 forecasts as demand weakens in China

Its third-quarter revenue fell 3 per cent from a year earlier to 2.67 billion euros ($2.88 billion), below the 2.76 billion euros expected by analysts in a company-provided consensus

Logitech raises full-year outlook as sales and profits exceed expectations

The company, whose other products also include mobile speakers and webcams, said revenue grew 6 per cent to $1.12 billion, beating the forecast of $1.10 billion

Logitech raises full-year outlook as sales and profits exceed expectations

The company, whose other products also include mobile speakers and webcams, said revenue grew 6 per cent to $1.12 billion, beating the forecast of $1.10 billion

Black Box targets tripling sales over next 4 yrs on US networking demand

The company is seeking to capitalise on a global quest for artificial intelligence that's prompting customers to invest in computing and data storage capacity

CCD cafe count falls to 450 in FY24, no of operational vending machines up

The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to the latest annual report of Coffee Day Enterprises Ltd (CDEL), which owns the chain through its subsidiary Coffee Day Global Ltd. Coffee Day Global was operating 469 cafes and 268 CCD Value Express kiosks in FY23. Moreover, CCD's presence also declined to 141 cities in FY24, as compared to 154 cities a year before, the annual report showed. It had a presence in 158 cities in FY22. However, there is a substantial increase in the number of operational vending machines, which has gone up to 52,581 in FY24 from 48,788 of FY23. It was at 38,810 in FY22. CDEL further said gross revenue from the company's consolidated coffee business stood at Rs 966 crore in 2023-24, up 11.16 per cent year-on-year. CDEL has been facing trouble since the

Construction equipment sales rise 5% to 28,902 units in Q1 FY25: ICEMA

India's construction equipment industry witnessed a 5 per cent rise in sales to 28,902 units during the April-June quarter of 2024-25, a report said on Friday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 27,577 units in the same period of the previous fiscal. "The first quarter sales of construction equipment in FY2024-25 grew 5 per cent on a year-on-year basis from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," it said. The report further said the growth was a result of increasing year-on-year sales in three of the five main equipment segments of the CE industry in the April-June 2024 period. "These were earthmoving equipment with a 5 per cent increase, road construction equipment with a 9 per cent increase, and concrete equipment with a growth of 11 per cent. "Material handling equipment and material processing equipment, on the other hand, clocked 3 per cent a

0.5% rise in UK retail sales volume in July as inflation begins to ease

Retail sales volumes in July were 1.4% higher than a year ago, the Office for National Statistics said, in line with economists' median forecast in a Reuters poll

Boost your IT sales with game-changing tips

In this Guru Gyan episode, Mr. Krishna Gopal shares key strategies for thriving in IT sales, drawing on 40 years of industry expertise.

Tech layoffs continue: Dell to slash 12.5K jobs in restructuring for AI era

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

Flipkart announces GOAT sale, offers deals on wide selection of products

Flipkart, India's homegrown e-commerce marketplace, on Thursday announced its first-ever G.O.A.T (Greatest of All Time) sale, slated for July 20-25, with early access starting on July 19, offering attractive deals on a wide array of products such as large home appliances. "With the tagline 'G.O.A.T Bano. Bakra Nahi', the sale will have some of the most reputed brands spanning various large appliances categories such as TVs, washing machines, refrigerators, and others laden with many attractive offers and one-day delivery on all purchases in metros," Flipkart said in a statement. To make the shopping experience more convenient and affordable, Flipkart will provide exciting deals and ease on the exchange of any old large home appliance with enhanced savings on the new product, along with simplified payment options like offers on bank and credit/debit cards, no-cost EMI for up to 18 months, and SuperCoins offers for 'Flipkart Plus' members. Besides large appliances, the sale will have

Amazon Prime Day event starts, sales up 12% in first 7 hours: Report

The average household spent about $100 on Prime Day purchases as of noon New York time, according to Numerator, which tracked more than 2,000 orders from more than 1,200 households

Sony announces promotional discounts on PS5 Slim, VR2, select gaming titles

Dubbed "Days of Play", the promotional discounts on Sony gaming products can be availed on Amazon, Blinkit, Croma, Flipkart, Reliance, Sony Center, Vijay Sales, and select retail outlets

Array Networks Announces the New Country Manager for India

.