Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Pirojsha Godrej, Executive Chairman, Godrej Properties, says “the portfolio for new launches that Godrej Properties is actually quite a bit stronger in FY25 than it was in FY24. We hope to be able to build on the strong operating momentum we saw last year.” Godrej further says: “We expect to see very sharp growth in … Read more
Hiral Chandrana, CEO, Mastek, says “if you remove the small acquisition that we did in FY24, we still grew at a fairly healthy rate compared to competition. We expect FY25 to be along the same lines or potentially even better. It will be a little tough in the next two quarters. It seems customers are … Read more
After an overwhelming show in FY24, domestic equities look poised to kickstart the new financial year on a good note and test new highs, as capital flows remain buoyant and the underlying factors conducive for the bulls to keep their foot ahead of the bears on Dalal Street. Benchmark Nifty50 bid goodbye to FY24 after … Read more
The new financial year 2024-25, which is going to be an event-heavy one with Lok Sabha elections, US elections and two full Budgets, has kicked off on a higher base for equity investors with Sensex and Nifty touching fresh peaks on Day 1 itself. The base effect could, therefore, make FY25 a year of consolidation … Read more
Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh … Read more
