Ebitda

Adani Group firms' balance sheet improved in 2 years; debt rose: Bernstein

Debt burden primarily on Adani Enterprises; group's cash reserve has increased 75% since March 2023

Cipla promoters may sell 1.72% stake worth Rs 2,000 crore via block deal

The floor price for the Cipla share sale has been set at Rs 1,442 per share, reflecting a 6 per cent discount to the current market price

ShareChat's adjusted Ebitda losses fall 67% to Rs 793 crore in FY24

Homegrown social media company ShareChat on Tuesday said its adjusted EBITDA losses fell by 67 per cent year-on-year to Rs 793 crore in FY24, amid 33 per cent growth in revenue. The company further said it is on track for a cash breakeven by March 2025. With improved financial metrics, the company expects to start investing back into growth and is on "actively" lookout for inorganic opportunities through acquisitions. Organic growth will happen through the expansion of the user base and increasing revenue per user. ShareChat has social media brands such as ShareChat app and Moj under its portfolio. While the company is sufficiently capitalised for now, it is looking at "adding more people to cap table ahead of preparations for IPO journey". It is eyeing timelines of 18-24 months for a possible IPO, depending on market conditions. "We will try and do one more funding round before we do IPO...possibly next year... but we don't need capital so we will time it based on interest in the

HealthCare Global to sell diagnostic business Triesta for Rs 135 crore

HCG reported a consolidated net profit of Rs 20.68 crore in the second quarter of financial year 2025, as against Rs 10.78 crore in the same quarter of the previous year

Simplilearn cuts Ebitda losses by 75% as FY24 revenue reaches Rs 773 crore

The company's strategic emphasis on high-demand products within key growth markets has effectively addressed the evolving skill enhancement needs of professionals

Indian startup Healthify closes $45 mn funding round to drive US expansion

Company uses AI to recommend personalised fitness and nutrition plans

Godrej Properties Q2 results: Profit zooms fivefold to Rs 335 crore

Company's revenue from operations for the quarter stood at Rs 1,093.23 crore, 3.2x from year-ago period

Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability

The sleep solutions company records a 24 per cent jump in revenue since the last financial year and remains on track to maintain its growth trajectory

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

Adani Energy Solutions Ltd, power transmission utility of the Adani group, is valued at USD 18.5 billion at enterprise level and a strong business growth is likely to propel a 29 per cent compounded growth in its pre-tax profits over the next three years, a report said. AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business. "With an enterprise value of USD 18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India," global brokerage Cantor Fitzgerald said, initiating coverage of the company. It believes AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia. "We forecast total revenue to grow at a CAGR of 20 per cent from FY24 to FY27 and adjusted EBITDA to grow at a CAGR of 28.8 per cent." This compares to peers growing revenue at low single digits and EBITDA at mid-single digits. Stating that it is growing meaningful

Confident of doubling sales by 2025: Danfoss India Prez Ravichandran

Danfoss India, a leader in heating, ventilation and air-conditioning, is witnessing robust growth in the domestic market and is confident of doubling sales by 2025, a top official has said. The subsidiary of the Denmark-headquartered company said the Indian market is the fastest-growing region for the Danfoss Group with strong double digit growth in H1 driven by increasing opportunities in energy efficiency and electrification. Danfoss Group's sales amounted to Euro 5 billion and a half-year EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of EURO 533 million corresponding to an EBITDA margin of 10.6 per cent, as against 12.4 per cent last year. Driven by the rapid expansion of data centres and commercial buildings, Danfoss India is experiencing robust growth. The government's strong push towards de-carbonisation, coupled with initiatives like the Production-Linked Incentive (PLI) schemes, is further fuelling the growth momentum, Danfoss India said in a compan

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

Zomato zooms past Swiggy in terms of growth in July, captures more market

Zomato and Swiggy are both leading industry players in the online food delivery market and quick commerce segment

Adani Group touts cash, says enough liquidity for 30 months debt payment

Billionaire Gautam Adani's port-to-energy conglomerate on Monday said it has enough cash to cover more than 30 months of debt payments and that its businesses are firing on all cylinders. Cash balance accounted for 24.8 per cent of gross debt of Rs 2.41 lakh crore as of the end of June, up from 17.7 per cent a year earlier, the group said in a statement. "24.77 per cent of gross debt is in form of cash balances providing liquidity cover 30 months of debt servicing." The conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by the core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. "EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year," the group said. Group net profit jumped over 50 per cent to Rs .

ArcelorMittal March quarter results: Core profit at $1.96 bn, tops forecast

Profit was primarily driven by improved results in North America, Brazil, Europe, India and from its joint ventures, offset by lower mining segment results, it said

DFPCL Q1 results: PAT surges 75% to Rs 200 cr, revenue down at Rs 2,281 cr

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported 75.43 per cent growth in consolidated profit after tax at Rs 200 crore for June quarter FY25. The company's profit after tax (PAT) stood at Rs 114 crore during the corresponding quarter of the previous financial year, DFPCL said in a regulatory filing. Revenue declined to Rs 2,281 crore from Rs 2,313 crore due to lower commodity prices. The company said the first quarter of previous year saw a one-time impact of Rs 161 crore of subsidy on channel inventory and warehouse stock. "We have delivered an impressive performance for Q1FY25, with a notable increase in EBITDA margin by 823 basis points YoY, up from 12.1 per cent to 20.4 per cent. The businesses are reaping the benefits of backward integration of ammonia plant, which has helped mitigate supply chain risk as well as price volatility and the benefits are captured within the group," Chairman and Managing Director Sailesh C Mehta said. Also, he said

Balu Forge Q1 result: PAT up over two-fold at Rs 34.16 cr on higher income

Precision engineering and manufacturing firm Balu Forge on Monday said its on-year net profit grew over two-fold to Rs 34.16 crore in the April-June quarter this year, driven by higher income. The company had posted a net profit of Rs 16.67 crore in the April-June period of FY24. The company said revenue from operations for the reporting quarter stood at Rs 175.3 crore, up 56 per cent from Rs 112.38 crore in the first quarter of the earlier fiscal, helped by focus on client addition and continued demand for the specialised engineering products. The company's EBITDA (Earnings before interest, taxes, depreciation and amortization) grew by 97.31 per cent, while margins expanded by 516 bps from 19.48 per cent in Q1FY24 to 24.64 per cent in Q1FY25, on account of increase in scale of operations and increased demand for heavier products which tend to yield better margins, Balu Forge said. "Our robust financial performance was an outcome of our dedicated strategy implementation focused on

BSNL losses narrow to Rs 5,371 crore in FY24, Ebitda at Rs 2,164 crore

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported on-year rise in its Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA to Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore, Parliament was informed on Wednesday. As a result of packages and measures by the government, BSNL/MTNL have started earning operating profits from FY 2020-21, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha. In line with the Atmanirbhar Bharat initiative, BSNL has placed a purchase order for 1 lakh 4G sites for deployment of indigenous 4G technology, Sekhar said, adding that the equipment is upgradable to 5G. According to the details of last five years' performance of BSNL shared by the Minister, EBITDA stood at Rs 2,164 crore in FY24, 38.8 per cent more than a year ago. The loss narrowed to Rs 5,371 crore in FY24, from Rs 8,161 crore in FY23. To another question on data breach in BSNL, the Minister said Indian .

RIL Q1 preview: Net may see sequential dip, modest growth likely in Ebitda

RIL's telecom division, Reliance Jio, took a tariff hike, effective this month. This, along with the anticipated commissioning of RIL new energy-related giga factories, is expected to remain in focus

Results preview: Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

Over 50 high-impact growth projects to help Vedanta achieve $10 bn Ebitda

Mining conglomerate Vedanta Group's strategic roadmap to a USD 10 billion near-term EBITDA will be powered by timely execution of over 50 high-impact growth projects, including those in zinc, aluminum, oil and gas and power businesses. These projects are at an advanced stage of completion, according to a powerpoint presentation made to more than 45 fund managers and analysts, who were on a site visit organised by the Vedanta Group. Vedanta's aluminum business has projects underway to achieve 3.1 million tonnes per annum of integrated supply. It sits in the first quartile of the global cost curve, with the cost of production at multi-year lows -- USD 1,711 per tonne -- with a 100 per cent vertically integrated supply chain. The business has a 2x strong demand outlook with India's domestic market set to double every five years, it said. Vedanta's zinc business produces 1.2 million tonnes of zinc metal at the cost of USD 1,000 per tonne while silver volumes are at 800 million tonnes a