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The Adani Group said 84 percent of group EBITDA and 88 percent of investments in core businesses is providing 'multi-decadal' visibility in terms of cash flow. Of the total EBITDA, 42 percent came from Adani Enterprises and Adani Ports and SEZ.
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Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent.
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On the margin front, EBITDA rose by 2.5 percent or 250 basis points to 14 percent from 11.5 percent in the same period last year “aided by commodity costs, leap savings, premiumisation and judicious price changes”.
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To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.
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Since taking over in September 2022, the EBITDA per tonne of cement has increased from Rs 350 to Rs 1,350, company sources said adding this will be scaled up to Rs 1,400 per tonne by 2024.
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UltraTech’s steps to ensure market leadership, timely expansion and ESG compliance should help sustain the stock’s premium valuations
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Subject to the agreed adjustment, the acquisition will be financed through a mix of internal accruals and external fundraising by the company and its associates, the company informed the bourses.
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Q2 earnings in key sectors shows EBITDA margins scaling up but sequential trends indicate the need for caution on assuming the momentum will continue
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While economists had made their calculations based on the EBITDA numbers of manufacturing companies, the government seems to have based its calculation on IIP data. While EBITDA is reflective of the formal sector, the latter is largely reflective of the informal sector.
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Amidst global headwinds, STL delivered a strong 42% YoY EBITDA growth on the back of a relentless focus on operational efficiencies, while its PAT surged by an impressive 156%.
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Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
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According to Sriharsha Majety, the company’s quick commerce segment Instamart is on track to become contribution-margin break-even in the next few weeks.
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Volumes register good growth in fourth quarter, EBITDA margin expands
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Investors look for a true and fair picture and comparability in corporate disclosures. Creative accounting that adjusts EBITDA for everything that’s negative distorts the picture
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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
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BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round
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Realisations for Indian aluminium manufacturers may be affected since huge exports from China could disrupt prices.
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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.
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Listing out reasons for high margins for their refinery, MRPL MD M Venkatesh said strong demand and tight supply have supported their margins.
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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.
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MBCPNL is an important gateway connecting Maharashtra with 6 neighbouring states, which covers over 20 percent of the commercial road traffic in India.
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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
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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.
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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.
