debt reduction
Food & Beverage.

Coffee Day Global Q2 Loss Widens To Rs 6.18 Cr

Coffee Day Global’s Q2 loss widened to Rs 6.18 crore as revenue grew modestly, stores fell to 423, and parent CDEL continued cutting debt.

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Fashion & Lifestyle

PC Jeweller Q2 Revenue Jumps 63% Amid Festive Demand

PC Jeweller posts 63% Q2 revenue growth, cuts debt 23%, expands retail, driven by strong gold demand during festive season

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Brands Companies Finance News

Apeejay Surrendra Park IPO Open For Subscription, Aims To Raise Rs 920 Cr

The first mainboard initial public offering (IPO) of the month, Apeejay Surrendra Park opened for the public subscription on 5 February in an attempt to raise Rs 920 crore with the combination of fresh issuance and offer-for-sale (OFS) component. The issue raised Rs 409 crore in the anchor round on 2 February, whereas the retail […]

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Brands Companies Finance News

Tata Motors Net Profit Surges 2.4X YoY, Exceeds Analyst Estimates

Tata Motors has reported a consolidated net profit that surged 2.4 times year-on-year (YoY) in its Q3 FY24 results, reaching Rs 7,025 crore. This figure exceeded the Rs 4,654 crore estimated by analysts. The company’s consolidated revenue from operations also saw 25 per cent YoY increase, totaling Rs 1.11 lakh crore. Sequentially, the bottom line […]

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Brands Companies Finance News

PVR Inox Profit Falls 20% Despite Revenue Jump In Q3 FY24

PVR Inox reported a 20 per cent fall in its consolidated profit after tax (PAT) at 12.8 crore in the December quarter, compared with Rs 16.1 crore in the last year period. Revenue from operations rose 64 per cent YoY to Rs 1,546 crore in the reporting third quarter. This compares with Rs 940 crore […]

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Companies Finance News

Whirlpool Corp Plans To Divest Up to 24% Stake In India Subsidiary To Reduce Debt

On Thursday, Whirlpool Corp revealed its plan to divest up to 24 per cent of its ownership interest in Whirlpool of India in 2024, aiming to alleviate debt levels. The company, not disclosing the deal value, assured that the sale would not impact its previously provided full-year forecast, as detailed in a filing. Whirlpool of […]

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Companies Finance News

Future Consumer Defaults On Rs 369.59 Cr In Loans In September Quarter

In the September quarter, Future Consumer (FCL) defaulted on the payment of Rs 369.59 crore in principal and interest on loans from banks, financial institutions, and unlisted debt securities. FCL, the Fast Moving Consumer Goods (FMCG) arm of the financially strained Future Group, reported a default of Rs 253.95 crore on loans and revolving facilities, […]

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