In line with its strategy to get closer to rural consumers, leading telecom operator, Vi, has launched nearly 1,100 Tier 3 markets in 18 Indian states. Ramping-up its retail footprint, Vi Shops have been launched across multiple towns in Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, […]
The unaudited results for the third quarter of Ceathas been announced and the company pegged a Net profit stood at Rs 35 crores. On a consolidated basis, the company’s revenue closed at Rs 2,727 crores, EBITDA margin stood at 13 per cent, an expansion of 144 bps vs Q2 FY22-23. Commenting on the results as well as the outlook of […]
Cipla, an Indian pharmaceutical conglomerate, announced its results for the third quarter ended 31 December, 2022 (Q3FY23) on 25 January. The firm recorded a consolidated profit after tax (PAT) of Rs 801 crore for the quarter, up 10 per cent from the previous year’s figure of Rs 729 crore. In the September 2022 quarter, it […]
Torrent Pharma has posted a 14 per cent growth in its net profit to Rs 283 crore for the quarter ended December, against Rs 249 crore in the year-ago period. Revenues were up 18 per cent at Rs 2,491 crore, against Rs 2,108 crore in the corresponding quarter the previous year. The pharma firm’s gross […]
Dr Reddy’s Laboratories on Thursday posted a jump of 76.51 per cent to Rs 12,471 crore in net profit for the quarter ended December 2022, against Rs 7,065 crore during the corresponding quarter the previous year. Its revenues grew 27.26 per cent to Rs 67,700 crore from Rs 53,197 crore in the year-ago period. The […]
Markets regulator SEBI on Wednesday imposed a penalty of Rs 25 crore on Coffee Day Enterprises (CDEL), which owns Cafe Coffee Day, for allegedly violating of securities laws. In a detailed investigation carried out by SEBI, the diversion of funds amounting to Rs 3,535 crore from seven subsidiaries of CDEL to Mysore Amalgamated Coffee Estates […]
Patanjali Foods reported a 15 per cent increase in net profit to Rs. 269.19 crore for the quarter ending December 2022 on Wednesday. This compares to a net profit of 234.07 crore in the previous year, according to the company’s regulatory statement. Revenue from operations increased by 26 per cent to Rs 7926.64 crore, up […]
Textile Maker Arvind reported an 11.62 per cent drop in consolidated net profit from continuing operations to Rs 87 crore in the third quarter ended 31 December 2022. In the same time last year, the business reported a consolidated net profit from continuing operations of Rs 98.44 crore, according to a regulatory filing. Revenue from […]
Kishore Biyani, the creator of retail companies including Pantaloon Retail and Big Bazaar, has resigned as Executive Chairman and Director of debt-ridden Future Retail, the company announced in a regulatory statement on Wednesday. On 24 January, the resolution professional received Biyani’s resignation. This is to tell you that Kishore Biyani has offered a letter of […]
Go Fashion (India) on Wednesday reported a 21 per cent Year-on-Year (YoY) rise in its profit at Rs 104.2 crore compared to Rs 86.1 crore in the same quarter last year. Its revenue from operations grew by 24 per cent YoY to Rs 176.7 crore. In the previous year it had posted a revenue of […]
