Page 4 - Ebitda

PhonePe expects to achieve operational profit by 2025: CEO Sameer Nigam

India's most valuable fintech firm PhonePe expects to achieve operational profit by 2025, a top official of the company said on Wednesday. PhonePe founder and CEO Sameer Nigam told PTI that the company's payment, advertising, banking and insurance businesses will reach breakeven by the time the company becomes operationally profitable at the group level. While speaking on the sidelines of the launch PhonePe's stock trading platform Share.Market, Nigam said that PhonePe has now become a household brand and a lot of financial services are being distributed on PhonePe, both on the consumer and merchant side. "We don't have to spend much on the marketing side there. I think at the group level, we have enough capital to deploy on Pincode and Share.Market, let them grow while we still hit EBITDA positive by 2025. I think it's doable," Nigam said. Without sharing financial numbers, he said that the company is on track to achieve EBITDA break even as its revenue is rising and losses are ..

Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years

Storage battery major Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. "We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well. However, it will take another one to two years to get back to the pre-covid level of margin," Exide Industries MD and CEO Subir Chakraborty said. Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well. He said the company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required. Commercial production in the Bangalore plant will begin in 2024-25, attracting an estimated capex of Rs 4,000 crore. Chakraborty said the company has received very .

Eveready growth to be backed by 'adequate' profitability: MD Suvamoy Saha

Eveready achieved a growth of 10 per cent over the previous year in its topline, driven primarily by the premiumisation of product portfolio

Essar Oil & Gas profit jumps 51% to Rs 335 cr in FY23 on higher prices

Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday reported a record net profit of Rs 335 crore in the financial year ending March 31, helped by reduced operating costs and higher prices. Net profit of Rs 335 crore in 2022-23 compared with Rs 212 crore net profit in the previous fiscal, the company said in a statement. The unconventional hydrocarbon producer reported its highest fiscal revenue of Rs 900 crore in FY23, a growth of about 1.8 times compared to the previous year. EBIDTA grew over 205 per cent on a YoY basis to about Rs 700 crore. "The EBITDA margin saw a significant improvement of around 3,100 basis points, reaching 77 per cent, due to reduced operating costs and internal consumption," it said. EOGEPL currently produces two-thirds of India's gas output from coal seams, called coal bed methane (CBM). It plans to invest Rs 2,000 crore in the next 18 to 24 months for drilling 200 more wells, which will help swell output. It produced 0.84 million standar

AM/NS India's Ebitda up 54% due to higher steel shipments, lower costs

Crude steel production, which was at 1.8 million (mt), was 7.4 per cent higher YoY

SIS logs 8% rise in net profit to Rs 90 cr aided by increase in revenue

SIS Ltd on Wednesday reported an 8 per cent rise in net profit to Rs 90 crore for the first quarter ended June 30, aided by increase in revenue. The company had posted a net profit of Rs 83 crore in the April-June quarter of the preceding fiscal. Its revenue from operations for the quarter increased by 11 per cent to Rs 2,976.7 crore from Rs 2,678.2 crore a year ago, the multinational firm in security, facility management and cash logistics solutions said in a statement. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit rose by 15 per cent to Rs 139 crore as against Rs 121 crore in the same quarter a year ago. SIS Group managing director Rituraj Sinha said, "The first quarter results signal a solid start to FY'24. Trend of last few quarters demonstrates that growth is back across segments. Margin improvement actions are also yielding results." The cash logistics segment continues its strong revenue growth of 24 per cent over the same quar

Century Textiles June quarter net profit declines by 62% at Rs 24 crore

The company has acquired significant projects in Pune, Mumbai, and Bengaluru; all ongoing real estate projects are progressing well

Debt for firm will rise, but so will Ebitda: JSW Energy's joint MD & CEO

'Sometimes there are difficulties in terms of the right of way, land acquisition, etc'

Adani eyes Rs 90,000 cr EBITDA in 2-3 yrs on the back of robust biz growth

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note. Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. The ports-to-energy conglomerate is now looking at robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission, it said adding several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years. Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio. Its target EBITDA of over Rs 90,000 ..

Mission 2025: Adani group eyes 90% Ebitda via infrastructure business

Of the infrastructure business, 49 per cent of the profits are currently contributed by energy and utility, another 25 per cent by transport and rest by cement and logistics businesses

Patanjali Foods aims Rs 5K cr profit at Ebitda, over Rs 50K cr in 5 yrs

Edible oil firm Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations. Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, he highlighted. "Our target is to achieve more than Rs 5,000 crore profitability at EBIDTA level and over Rs 50,000 crore turnover in the next five years," Ramdev said. During the full 2022-23 fiscal, the net profit rose to Rs 886.44 crore from Rs 806.30 crore in the preceding fiscal. Th

Vedanta Resources records $4.6 bn EBIDTA, $2.8 bn free cash flow in FY23

Vedanta Resources Ltd (Vedanta) on Thursday said it generated an EBITDA of USD 4.6 billion and a pre-capex free cash flow of USD 2.8 billion during financial year 2022-23. While the EBITDA (earnings before interest, taxes, depreciation and amortization) in FY23 was its second highest, the pre-capex cash flow was its all-time high, the company said in a statement. "Vedanta has generated EBITDA of USD 4.6 billion in FY23 and free cash flow pre-capex of USD 2.8 billion. It was accompanied by a significant improvement in its balance sheet position, with Vedanta gross debt falling from USD 9.8 billion to USD 7.8 billion in the twelve months to March 2023, with further continued deleveraging thereafter to a position of USD 6.4 billion as at end May 2023, as previously announced," it said. The company said it expects further improvement in its capital structure, based on the robust EBITDA and free cash flow estimates for FY24. As part of company's ongoing balance sheet management, all ...

Listed Adani group firms' Ebitda jumps 36% to Rs 57,219 crore in FY23

The run-rate Ebitda, which consider annualisation of Ebitda from projects commissioned during the year, came in at Rs 66,566 crore

Astral's high growth prospects reflect well in its high valuation

After gaining 40% already in FY24, the stock is trading at a PE of over 100x

Adani Group promoters won't take on debt to fund expansion, growth

However, they will continue to be "net lenders" to group companies when they require funds

High valuations may cap further upside in ABB stock; prospects 'positive'

The company posted better than expected results for the March quarter, and prospects remain strong

Pidilite Industries eyes better margins from Q1FY24 amid revival in demand

Pidilite's volume growth stood at 7 per cent during the quarter

Tata Steel's Q4 points to divergent cyclical trends in steel markets

So are analyst opinions with ratings ranging between 'hold to 'buy', and valuations between Rs 110 and Rs 132

Tata Steel Q4 net profit down 82% to Rs 1,704.86 crore but beats estimates

In Q4FY23, Tata Steel Europe reported an EBITDA loss of Rs 1,641 crore. In the previous quarter, EBITDA loss had stood at Rs 1,551 crore

Adani Green Energy reports EBITDA in FY23 of Rs 5,538 cr up by 57% YoY

The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23