May 21, 2020 06:25 PM IST "Notwithstanding the effect of the pandemic, we expect FY21 industry mobile service EBITDA to increase by about 15 percent YoY, which will outperform our Indian GDP growth forecast of 0.8 percent, as the industry will realise the full-year benefit of industry-wide tariff hikes of around 30 percent, effective from December 2019," the rating agency said in a note.
Jan 28, 2019 01:28 PM IST Tata Steel's profitability will improve after the sale of its South East Asian steel business, letting its management focus on the country that matters the most to its future—India.
Apr 27, 2018 03:38 PM IST "The ratings are likely to be downgraded within the next 6-12 months if heightened competition persists in its Indian wireless business, such that consolidated EBITDA or margins deteriorate further from current levels," Moody's said in a statement.
Nov 14, 2017 03:37 PM IST Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 40.75 billion rupees ($622.26 million) in the half year ended Sept. 30, from 67.04 billion rupees a year earlier, Vodafone India, the country's No.2 telecom operator, said in a statement on Tuesday.
Nov 05, 2017 03:41 PM IST The company had clocked Rs 86 crore profit from renewable business in the same period last year.
Oct 20, 2017 12:04 PM IST Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.
Aug 23, 2017 11:52 AM IST The company, which mines zinc in Rajasthan, said earnings before interest, tax, depreciation and amortization rose to $777.8 million in the first quarter ended June 30, from $527.1 million a year earlier.
Jun 29, 2017 04:12 PM IST Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.
Jun 26, 2017 06:30 PM IST Some of the best-known companies that have lowered loan funds include Gail India (-48%), Piramal Enterprises (-37%), National Fertilizers (-37%), L&T (-24%) Hindalco (-20%) and Jet Airways (-22%).
Apr 07, 2017 02:59 PM IST "The final rating is in line with the expected rating assigned on March 28, 2017, and follows the receipt of final documents conforming to earlier information," Fitch Ratings said in a statement.
Mar 30, 2017 02:42 PM IST Expects a 10-15 percent growth in revenues and EBITDA growth of 25-30 percent for the fiscal year 2017-18, said Vikas Rathee, Group CFO, Prime Focus.
Mar 24, 2017 04:07 PM IST The agency has also affirmed the company's senior unsecured rating and the rating on its USD 500 million 4.75 percent senior unsecured notes due 2019 at 'BB', the rating agency said.
Mar 23, 2017 12:52 PM IST Dark clouds of job cuts loom over the telecom sector. The risk running with mergers is that as many as 10,000 employees may lose their jobs over the next year.
Mar 21, 2017 02:14 PM IST The stock had closed almost 10 percent closer on March 20 and fell over 7 percent intraday on Tuesday. CLSA has maintained its sell call on the stock, while Motilal Oswal has upgraded the stock to a buy call.
Mar 03, 2017 03:26 PM IST "India Ratings and Research (Ind-Ra) has maintained a stable outlook on the construction sector for FY18, driven by the expectation that the slow but steady increase in revenue and improvement in EBITDA margins seen during FY16 and 1HFY17 will continue in FY18," the rating agency said in a statement.
Feb 27, 2017 10:20 PM IST Fitch Ratings has affirmed state-run hydro power producer NHPC the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with stable outlook -- reflecting its robust operating and financial profile.
Feb 20, 2017 04:14 PM IST The metal and mining conglomerate had clocked a revenue of USD 2.45 billion and had recorded an EBIDTA (earnings before interest, taxes, depreciation and amortisation) of USD 493.6 million in the third quarter of fiscal 2015-16.
Feb 20, 2017 12:33 PM IST Tata Power is keen to pare its debt and bring down the debt-equity ratio to 2 through sale of non-core assets, says CEO & MD Anil Sardana.
Feb 20, 2017 12:28 PM IST The Engineering Procurement Construction (EPC) contractor has bagged an order to build a 67-kilometer long road in the Tuljapur to Ausa section of the National Highway - 361.
Feb 14, 2017 07:00 PM IST Second largest low-cost carrier SpiceJet today reported its eighth successive profitable quarter with a profit of Rs 181.1 crore for the three months to December, down 24.5 percent from Rs 240 crore a year ago.
Feb 14, 2017 05:52 PM IST Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 25.82 percent jump in its consolidated net profit to Rs 849.75 core for the quarter ended December 2016, on the back of increased income.
Feb 10, 2017 02:42 PM IST However, the Luxembourg-based firm had posted net loss of USD 6,886 million in the year-ago period.
Feb 10, 2017 07:46 AM IST Total income from operations (net) came in at Rs 658.66 crore for the quarter, which is 11 percent lower than Rs 741.8 crore in the corresponding period of the previous year.
Feb 09, 2017 11:35 AM IST Thermax expects 3-4 segments to open up in Q4 and Q1 of FY18 supporting medium and large projects, which had gone dry in this financial year.
Feb 02, 2017 03:52 PM IST The Chennai-based suppliers of parts to the automotive and industrial segment had registered net profits at Rs 46.11 crore in the corresponding quarter of the previous year.
