PhonePe will have an EBITDA profit of Rs 1,797 crore in the calendar year 2025, with an EBITDA margin of 19.7 percent, the company's management told audit firm KPMG
BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round
Realisations for Indian aluminium manufacturers may be affected since huge exports from China could disrupt prices.
Buoyed by the success of it's field force expansion two years ago, Sun Pharma is planning another round of expansion in the current fiscal to enhance brand focus.
Listing out reasons for high margins for their refinery, MRPL MD M Venkatesh said strong demand and tight supply have supported their margins.
The support can be by way of deferment of spectrum dues, cut in levies, reduction in interest rates, and a combination of relief measures could aid financial profile and the structure of the industry.
MBCPNL is an important gateway connecting Maharashtra with 6 neighbouring states, which covers over 20 percent of the commercial road traffic in India.
Much of the plans though hinge on the Supreme Court ruling on JSW Steel's petition to give it immunity from a probe by Enforcement Directorate on the former promoters of BPSL
Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year.
The Department of Telecom (DoT) also said that the process for spectrum allocation for 4G services to Bharat Sanchar Nigam Ltd (BSNL) on pan-India basis, including Delhi and Mumbai, has been initiated and funds have been provisioned in FY2020-21.
"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.
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.
"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.
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.
The company had clocked Rs 86 crore profit from renewable business in the same period last year.
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.
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.
Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.
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%).
"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.
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.
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.
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.
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.