Net sales up 31.2% on a low base to Rs 2,525 cr, volumes grow 21%
Profit rises 25% sequentially on broad-based growth across segments and verticals
The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds
Gross margin expanded by 301 bps and 148 bps over previous quarter, reflecting the price hikes taken during April-June.
Steep commodity inflation impacted margins; while staff benefit expenses remained stable, total expenses grew 14% as other operating expenses surged too
Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline
The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year
The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22
Much would depend on whether the govt gives it yet another year's moratorium on Rs 8,200 cr spectrum payment due next March, and its ability to raise Rs 25,000 cr more from investors
EBITDA up 79% at Rs 1,941 crore YoY but plunged 46.3% sequentially
As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22
Cloud gaming platform OnMobile Global clocked 28 per cent growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 15 crore in the January to March quarter as compared to Rs 12 crore in the same period of previous fiscal.Cost rationalisation efforts and optimum marketing investments helped the company reduce manpower cost and marketing cost which resulted in the growth.Operating profits grew by 47 per cent to Rs 13 crore in Q4 FY21 but profit after tax cracked 16 per cent to Rs 15 crore.Revenues witnessed a drop of 9.7 per cent to Rs 137 crore from Rs 152 crore in Q4 FY20 -- mainly due to low collections from Europe and Middle East & Africa.As on March 31, the company said it had total assets worth Rs 899 crore as compared to Rs 881 crore in previous year.OnMobile provides end-to-end mobile entertainment solutions that include platform, apps, content partnerships and professional services to carriers across the globe.
Revenue for the quarter rose 59 per cent over the previous year to Rs 7,494 crore, against a forecast of Rs 7,516.8 crore
On consolidated basis, last year's low base expected to aid sharp jump in net profit
The company fixed May 12 as the record date for the subdivision of face value of equity shares from Rs 5 to Rs 2
Agency affirms Corporate Family rating 'Ba2', says company will continue recovering after demand slump last year
India business is EBITDA positive. It has achieved EBITDA break-even from December 2020 and is growing month-on-month
Infrastructure company Larsen & Toubro (L&T) on Tuesday said it has received multiple orders across its business segments in the domestic market. The company did not provide the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. The construction arm of L&T has secured orders for two of its businesses, L&T said in a regulatory filing. The company said its water and effluent treatment business has secured EPC (engineering, procurement and construction) orders from the rural water supply and sanitation department, Odisha to execute individual rural water supply projects in the Kendrapada and Khorda Districts of Odisha. The business has also secured a repeat order from the water resources department of Odisha. Further, the factories arm of its buildings and factories business has secured an order from a leading cement manufacturer in the ...
Despite the pandemic disruptions, based on provisional IFRS estimates, for the year ended December 31, 2020, Sanmar chemicals' revenue was flat at around $700 million
Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonnes, while its Hisar plant is a 0.8 million tonne specialised product division