Reliance Industries (RIL) has posted an 18.3 per cent jump in its profit after tax to Rs 21,327 crore for the quarter ended March 31, 2023, against Rs 18,021 crore in the year-ago period
According to Pakistan's newspaper, the second-round effect of the policy decision had led to decisions like a rise in energy and fuel prices, the central bank's policy rate, and the rupee's depreciation to secure International Monetary Fund's funding.
The Finance Division, in its fortnight bulletin, attributed the price hike to the depreciation of the Pakistani rupee against the US dollar and an increase in the prices registered by Platts Singapore, according to Geo News.
The company said its total income rose 42 per cent year-on-year to Rs 26,951 crore in the reviewed quarter. Its arnings before interest, taxes, depreciation, and amortisation (Ebitda) jumped 101 per cent y-o-y to Rs 1,968 crore, according to a statement from the company.
Mumbai (Maharashtra) [India], February 11 (ANI/PNN): JB Pharma, one of the fastest-growing pharmaceutical companies in India, announced record revenue growth of 32 per cent to Rs 793 crore in Q3 FY23.
New Delhi [India], February 11 (ANI/NewsVoir): JK Lakshmi Cement recorded an increase in Net Sales by 25 per cent to Rs. 1488.53 Crore in Oct-Dec.22 from Rs. 1193.41 Crore in the corresponding Quarter Oct-Dec.21. In spite of unabated rise in fuel prices, JK Lakshmi Cement improved its profit
Paytm is expected to share its third quarter or December quarter (Q3FY23) earnings on Friday, where analysts expect the company to announce strong revenue growth with reduction in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) losses.
The company posted a surge of 8 per cent in its revenue from operations to Rs 3,475 crore, against Rs 3,208 crore in the corresponding quarter a year ago. Its earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 2 per cent to Rs 458 crore to Rs 468 crore in the y
The company said its total revenue grew 14 per cent to Rs 2,018 crore, against Rs 1,767 crore in the year-ago period. Operating revenue rose 14 per cent to Rs 2,008 crore in the reviewed quarter, against Rs 1,762 crore.
Its revenue went up 22.5 per cent to Rs 88,500 crore, the company said, adding that earnings before interest, taxes, depreciation, and amortization (Ebitda) was 11.1 per cent whereas its Ebit was 4.4 per cent.
The IT firm also said its total income was at Rs 37,468 lakh in the third quarter, which is a growth of 4.3 per cent over last year's figure. It also posted earnings before interest, taxes, depreciation, and amortisation (Ebitda) of Rs 9,726 lakh, which is a 26.5 per cent growth.
Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US Dollar index kept the Indian currency under pressure.