International brokerage Jefferies has termed TBO Tek’s latest acquisition a “classic opportunity” to expand its global reach, after the company announced the purchase of Classic Vacations, a US-based luxury travel wholesaler, for about $125 million. The brokerage has raised its price target on the stock to Rs 1,800 from Rs 1,625 and reiterated its Buy … Read more
Avenue Supermarts, which operates the retail chain of DMart, on Saturday announced that its standalone Q3 revenue jumped 17.5% year-on-year (YoY) to Rs 15,565 crore while profit rose 6.5% YoY to Rs 785 crore. The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased … Read more
Sanjay Kumar Jain, Chairman & MD, IRCTC, says IRCTC is running 48 Vande Bharat trains out of 117 prepaid trains. So, the majority of the prepaid trains earnings come from Vande Bharat train at the moment. Also, e-catering is growing very fast. The numbers are not very high at the moment, but the growth is … Read more
Corporate India is facing a year-on-year decline in its EBITDA margin for the first time in 12 quarters amid soaring input costs, data from CRISIL Research suggests Data shows that earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin, which is perceived as corporate profitability is likely to have dropped 100-120 bps year-on-year and 70-100 … Read more
NEW DELHI: Radhakishan Damani owned , which operates D-Mart store in the Western India, is set to report up to 5-fold increase quarter-on-quarter in profits, albeit on a low base, when it published its results on Saturday. Analysts tracking the company said it will report 48-52 per cent sequential and 45-47 per cent annual growth … Read more
Coal India is likely to post a double-digit fall in net profit on Wednesday due to flat sales growth for the quarter ended September 30. However, brokerages expect the company to report up to 50 per cent growth in bottomline figures on QoQ basis. An assessment by Kotak Institutional Equities showed that Coal India may … Read more