Adjusted Gross Revenue

Gaming and e-sports platform Nazara Technologies has reported a 53.6 per cent decline to Rs 13.68 crore in consolidated net profit for the October-December quarter of FY25. It had posted a profit of Rs 29.52 crore in the year-ago period, according to a regulatory filing. Revenue from operations for Q3 FY25 was Rs 534.7 crore, a 66.8 per cent climb, from Rs 320.4 crore in Q3 FY24. Sequentially, profit fell 15.7 per cent, while revenue rose 67.6 per cent. Nazara's core gaming segment revenues grew by 53 per cent, driven by acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam, a company statement said. "The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia's collaboration with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including B

Media network NDTV Ltd on Saturday reported a widening of consolidated loss to Rs 55.48 crore in the third quarter ended December 31, 2024, impacted by higher expenses. The company had posted a consolidated loss of Rs 10.16 crore in the same quarter last fiscal, NDTV said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 132.74 crore compared to Rs 97.95 crore in the year-ago period, the company said. Total expenses in the third quarter were higher at Rs 187.72 crore as compared to Rs 110.23 crore in the same period a year ago, it added. During the quarter, production expenses and cost of services were higher at Rs 54.87 crore as compared to Rs 36.78 crore in the year-ago period and employee benefits expense was also higher at Rs 42.87 crore as compared to Rs 33.88 crore in the same period a year ago. "The strong revenue performance was driven by increased advertising revenue, and the success of high-profile events and digital ...

Drug firm Granules India on Friday said its consolidated profit after tax declined 6 per cent year on year to Rs 118 crore for the third quarter ended December 31, 2024. The company reported a profit after tax of Rs 126 crore in the October-December quarter of the last fiscal. Revenue from operations declined to Rs 1,138 crore in the third quarter as against Rs 1,156 crore in the year-ago period, the Hyderabad-based said in a regulatory filing. "We continue to sustain our profitable growth in the finished dosages segment, driven by our North America business. We are enhancing quality and compliance through systemic improvements across our operations, including Gagillapur," Granules India Chairman & Managing Director Krishna Prasad Chigurupati said. The company said it voluntarily paused production at the Gagillapur plant in September 2024 for risk assessment on account of the USFDA observations. Subsequently, the production resumed in October in a staggered manner, it ...

Adjusted Gross Revenue is a crucial financial metric in India's telecom sector which represents the revenue telecom operators must share with the government under their licensing agreements

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

Omnicom is buying Interpublic Group in a stock-for-stock deal that will create an advertising powerhouse with combined annual revenue of almost USD 26 billion. Shareholders of The Interpublic Group of Companies Inc. will receive 0.344 Omnicom shares for each share of Interpublic common stock that they own. Omnicom shareholders will own 60.6 per cent of the combined company and Interpublic shareholders will own 39.4 per cent after the transaction is complete. The combined company will keep the Omnicom name and trade under the OMC ticker symbol on the New York Stock Exchange. The deal is expected to have annual cost savings of USD 750 million. The transaction is targeted to close during the second half of next year. It still needs the approval of Omnicom and Interpublic shareholders. Shares of Interpublic jumped more than 15 per cent before the market open on Monday, while Omnicom's stock fell more than 2 per cent.

iPhone maker Apple has set an all-time revenue record in India and observed a double-digit growth in iPad sales in the country in the September 2024 quarter, senior officials of the company said on Friday. The company reported an over 6 per cent growth in total net sales to USD 94.93 billion during the reported period from USD 89.49 billion a year ago. "We also set September quarter segment revenue records in the Americas, Europe, and the rest of Asia Pacific, as well as in a large number of countries, including the United States, Brazil, Mexico, France, the UK, Korea, Malaysia, Thailand, Saudi Arabia and the UAE, and we continue to be excited by the enthusiasm we're seeing in India, where we set an all-time revenue record," Apple CEO Tim Cook said during the company's earnings call. Cook said Apple also opened two new stores - one in Mumbai and the other in Delhi - in the country during the quarter. "We can't wait to bring four new stores to customers in India," he said. In early

Sales in the first quarter, which ended Sept 30, increased 16% to $65.6 billion

"Snap's continued hard work to revamp its ad business to better serve performance-focused advertisers, particularly small and medium-sized businesses, and diversify its revenue streams through

Its average selling prices rose 10 per cent in the third quarter, while unit case volumes 1 per cent

Textile manufacturer Alok Industries on Monday said its consolidated net loss widened to Rs 262.10 crore for the second quarter ended September 2024. The company had posted a net loss of Rs 174.83 crore in the July-September period a year ago, according to a regulatory filing from Alok Industries, jointly owned by Reliance Industries and JM Financial Asset Reconstruction. Its revenue from operation fell 35.46 per cent to Rs 885.66 crore during the period under review. It was Rs 1,372.34 crore in the corresponding period a year ago. The total expenses in the September quarter declined 25.45 per cent to Rs 1,160.63 Alok Industries' total income, including other income, was down 34.97 per cent to Rs 898.78 crore in the September quarter. Reliance Industries owns a 40.01 per cent stake and 34.99 per cent by JM Financial Asset Reconstruction Company in Alok Industries, which operates in-home textiles, cotton yarn, apparel fabric, garments, and polyester yarn. Shares of Alok Industrie

Vodafone Idea share price target: The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

Vodafone Idea share price plunged 10 per cent to Rs 11.61 per share on the National Stock Exchange (NSE) on Thursday

The Supreme Court on Monday took note of a telecom firm's submission that its plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) related dues be listed for consideration. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra was urged by senior advocate Harish Salve, appearing for Vodafone Idea, that the petition needed consideration. The curative petition against the dismissal of earlier pleas seeking correction of alleged errors in AGR-related dues is yet to be listed before a bench, the telecom firm said. "I will see," the CJI said and asked whether an email has been sent in this regard. On October 9 last year, the top court had taken note of submissions of some telecommunication companies seeking listing of their pleas on AGR due issue. The telcos had referred to alleged errors in the arithmetic calculation for arriving at the AGR-related dues by the Department of Telecommunications (DoT). In July 2021,

State-owned Oil and Natural Gas Corporation (ONGC) is seeking help from an internationally-proven technical service provider to raise oil and gas production from its flagship but old and maturing Mumbai field in the Arabian Sea. The firm has floated an international tender to identify the service provider who will help raise production from the field, ONGC said in a post on X. "The giant multi-layered Mumbai High field, which commenced production 48 years ago in 1976, is currently in its mature stage of production and ONGC has implemented a number of schemes in this field to improve production," it said. "As a custodian and operator of Mumbai High field, ONGC is keen to collaborate with a global technical service provider. The service provider would be contracted for 10 years, extendable by another five years." Mumbai High field lies 160 kilometres off the coast of Mumbai and produces about 38 per cent of India's oil production. While it hit a peak output of 40,000 barrels per day

Under the 2022 revival package totalling Rs 1.64 trillion and the Rs 89,047 crore allocation in 2023, the government is set to provide spectrum and settle adjusted gross revenue (AGR) dues for BSNL

Zypp Electric is now operationally profitable, the company claimed

The firm said that net revenue declined due to lower number of days booked, resulting in decreased gross billings as Zoomcar prioritised higher-margin bookings in support of its cost reduction efforts

When the CJI asked Salve how long the arguments would take, he said it would only take a day

August tax mop-up gives boost to govt finances