NEWS

Posted On:
09-02-2024

Grasim Industries Q3 Results | Profit falls 8% to ₹236 crore, revenue up 3% at ₹6,400 crore

Aditya Birla group firm Grasim Industries Ltd on Thursday (February 8) reported an 8.2% year-on-year (YoY) decline in net profit at ₹236.3 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Grasim Industries posted a net profit of ₹257.4 crore, the company said in a regulatory filing. The company's revenue from operations increased 3.3% to ₹6,400.3 crore as against ₹6,195.6 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 9.6% to ₹522.6 crore in the third quarter of this fiscal over ₹477 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 8.2% in the reporting quarter as compared to 7.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

internship

View Details

Posted On:
10-02-2024

HUL aims to double ecommerce contribution in the next 5 years

Hindustan Unilever Limited (HUL) is hoping to double its e-commerce contribution in the next five years, Managing Director and CEO Rohit Jawa said in a conversation with CNBC’s Shereen Bhan at Lessons in Marketing Excellence - season 15. “I give you an example in beauty, e-commerce and digital commerce is already the fastest growing channel for us,” said Jawa. Talking about digital adoption, the HUL CEO said that focus is on driving growth, reducing costs and enhancing capabilities.

internship

View Details

Posted On:
10-02-2024

Hyundai picks JP Morgan, Citi and HSBC as advisors for mega IPO of India arm

South Korean automaker Hyundai Motor has picked investment banks JP Morgan, Citi and HSBC for now as advisors for the proposed IPO of its India unit, which is planning to raise between $3 billion to $3.5 bilion, multiple industry sources in the know told Moneycontrol on the condition of anonymity. A potential filing of the draft papers of this mega deal in the works is likely by June 2024 and if the listing plans fructify, it would be the biggest ever IPO on the Indian bourses. Prior to this, the $2.7-billion listing of LIC in 2022 was India's biggest IPO.

internship

View Details

Posted On:
12-02-2024

K.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association.

Mr K.V. Karthik, Managing Director, Deccan Industries, one of the leading pump manufacturing industries has been elected as the president of Indian Pump Manufacturers Association.

internship

View Details

Posted On:
12-02-2024

IRCTC Q3 Preview: Profit likely to rise 19%; revenue may increase 18%

Zee Business research estimates IRCTC to report a 19 per cent rise in consolidated profit after tax (PAT) and 17.6 per cent jump in revenue from operations as Indian Railway Catering and Tourism Corporation reports its December quarter results on Tuesday (February 13, 2024). The research team estimates the company to report Rs 305 crore profit in the quarter under review, which will be a 19 per cent jump from Rs 255.50 crore on a year-on-year (YoY) basis. Street is expecting IRCTC's revenue from operations to go up by 17.60 per cent to Rs 1080 crore in the December quarter from Rs 918 crore in the same quarter last fiscal year.

internship

View Details

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43