Birla Group Holdings Private Limited (BGHPL), a promoter of Grasim Industries, has raised its stake by 4.09% in the company according to an exchange filing by the company on Tuesday. BGHPL’s holding in the company has gone up to 23.18% now from Rs 19.10% at the end of the March quarter. The additional 4.09% stake … Read more
Himanshu Mody, CFO, Suzlon Group, says Suzlon alone has a Make in India turbine, based on the principles of Atmanirbhar Bharat. The technology is their USP. It is the only turbine that is tailor-made or customised for India’s weather conditions, whereas most of the competition – whether from the west or the east – do … Read more
“I think that in Q1, we should probably do better than that because our cost of production is going to be a couple of percentage points lower than Q4,” says Satish Pai, MD, Hindalco.Let us first talk about the India operations. Your aluminium upstream shipments were flat on a sequential basis, but downstream and the … Read more
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more
Shares of JSW Steel dropped nearly 2.5% on the BSE in Saturday’s special trading session to the day’s low of Rs 885.50 after reporting a 64% YoY loss in the fourth quarter of FY24. The steel major on Friday reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March … Read more
Shares of Bharti Airtel on Wednesday surged 2% on BSE to the day’s high of Rs 1,312.80 even after the telecom major reported a 31% year-on-year (YoY) fall in its consolidated net profit to Rs 2,072 crore for the fourth quarter, while the revenue from operations increased 4% to Rs 37,599 crore against Rs 36,009 … Read more
Varun Beverages on Monday reported a consolidated net profit of Rs 548 crore, rising 25% year-on-year (YoY) for the quarter ended March 31, 2024, as compared to Rs 439 crore reported in the year-ago period. The revenue from operations for the reported quarter stood at Rs 4,398 crore which was up by 11.2% YoY over … Read more
Manish Gupta, Chairman & CEO and Suhas Prabhu, CFO, Indegene, in conversation with ET Now. says: “The margin, especially at the EBITDA level, has consistently grown from 18.8% to 21.9%. We will look at sustaining and growing the margins as we go forward. Another aspect, given the proceeds from the IPO would be to go … Read more
CarTrade Tech shares jumped 14% to the day’s high of Rs 857.80 on the NSE on Monday after the multi-channel auto platform reported its highest ever revenue of Rs 161 crores for the quarter ended March 31, 2024, registering a 38% year-on-year growth. The profit after tax (PAT) for the reported quarter stood at Rs … Read more
Sudhir Singh, CEO, Coforge, says “the retail vertical of the merged entity is going to be operating almost immediately at about $100 million per annum. The healthcare and the high-tech verticals of the merged entity from day one will be operating at about 50 million US dollars, in some cases more than that as well.” … Read more
