In its earnings report published today, the airline operator attributed the rise in profits to robust demand for air travel - after Covid restrictions.
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 revenue generated from the reserved passenger segment during the period 1st April 1 to January 31, 2023, is 42945 crores as compared to 29079 crores during the same period last year, showing an increase of 48 per cent.
'Avatar: The Way of Water' has become the fourth-highest-grossing film of all time. The sci-fi epic from director James Cameron has now raked in USD 2,075 billion worldwide.
In a statement released on Friday, Chief Executive Richard Kramer said that earnings were disappointing "given a significantly weaker industry backdrop, particularly in Europe." The company is set to report earnings for the fourth quarter on February 8. Its shares fell more than 3.5 per cent
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 from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year, according to a statement shared with exchanges.