GMR Airports Ltd has successfully raised ₹400 crore through non-convertible bonds (NCBs) to support its infrastructure expansion. The privately placed bonds, carrying a 5% coupon rate, have a tenure of 36 months and will be listed on the BSE. “The Management Committee of the Board of Directors, in its meeting held on April 3, 2025, […]
Rail Vikas Nigam bags mega order from HPSEBL – CNBC TV18
Rail Vikas Nigam Ltd (RVNL), the state-run railway and construction company, on Tuesday, March 4, 2025, announced it has received an order worth ₹730 crore from Himachal Pradesh State Electricity Board. The order is for the development of distribution infrastructure in the central zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector […]
Borosil Renewables Q3FY25 results: Net loss widens amid higher input costs and pricing pressures – CNBC TV18
Borosil Renewables Limited has reported a net loss of ₹30 crore for the third quarter of the financial year 2024-25, marking a significant increase from the loss of ₹15.9 crore in the same period last year. The losses widened as the sector faces rising input costs and pricing pressure. Company Value Change %Change Borosil Renewables’ […]
FACT Q3 Results: Net profit plunges 74% to ₹8 crore, margins contract – CNBC TV18
Shares of Fertilisers and Chemicals Travancore, a public sector undertaking in India, declined nearly 8% after the company announced its earnings for the third quarter of fiscal 2025 (Q3 FY25), reporting a significant decline in profitability. Company Value Change %Change #3QWithCNBCTV18 | #FACT reports #Q3 earnings Net Profit Down 73.6% At ₹8 Cr Vs […]
Balkrishna Industries Q3 net profit surges over 47%; declares interim dividend of ₹4 per share – CNBC TV18
Leading tyre manufacturer Balkrishna Industries Ltd (BKT) on Saturday, January 25, 2025, announced a sharp 47% year-on-year (YoY) growth in third-quarter net profit to ₹449.5 crore in the fiscal year 2024-25, compared to ₹305.4 crore in the same quarter last fiscal. The jump in profit came from strong demand across key markets amid ongoing macroeconomic […]
ShareChat cuts adjusted EBITDA losses by 67%; aims to go for IPO in 18-24 months – CNBC TV18
Homegrown social media platform ShareChat said it has become fully profitable at over 15% EBITDA margin after posting 33% revenue growth in FY24, reaching ₹718 crore up from ₹540 crore in FY23. The company has also reduced losses as adjusted EBITDA losses fell by 67% from ₹2,400 crore in FY23 to ₹793 crore in FY24. […]
VA Tech Wabag Q2 Results: Net profit jumps 17% as co benefits from international projects – CNBC TV18
VA Tech Wabag reported a 17.2% year-on-year (YoY) increase in net profit for the July-September 2024 quarter, riding on the water treatment company’s focus on international projects as well as technology, the company said on Thursday. Net profit for the second quarter rose to ₹70.3 crore, compared to ₹60 crore in the same period last […]
Zaggle Prepaid board approves fund raising of up to ₹950 crore via QIP – CNBC TV18
Hyderabad-based B2B SaaS fintech firm, Zaggle Prepaid Ocean Services, announced that it will raise up to ₹950 crore through the issuance of equity shares and other securities, following a board meeting held on October 30, 2024. The company provided details on the proposed securities, which include equity shares, convertible bonds, and non-convertible instruments. Zaggle aims […]
Deepak Fertilisers Q2 Results: Net profit soars threefold to ₹210 crore, revenue rises 13% – CNBC TV18
Deepak Fertilisers and Petrochemicals on Tuesday reported a more than three-fold surge in second-quarter net profit at ₹210 crore on Tuesday, benefitting from strong sales growth across its business segments. In the last year, the fertiliser maker’s consolidated net profit came in at ₹60 crore. The company’s revenue from the three months ending September 30 […]
Reliance AGM 2024: Plans to grow Retail revenue, EBITDA by two-fold in three to four years – CNBC TV18
Reliance Retail, a subsidiary of Reliance Industries Ltd., is planning to grow its revenue and its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) by two fold over the next three to four years, said Chairman and Managing Director Mukesh Ambani. While addressing the company’s Annual General Meeting (AGM) on Thursday, August 29, Ambani said, […]