Category: Business

Business

AVRO India 9MFY23 Net Profit upa 253%

February 13, 2023

Mumbai (Maharashtra) [India], February 13: AVRO India Limited(NSE – AVROIND & BSE – 543512), One of the leading manufacturers of plastic moulded furniture products has announced its audited Financial Results for the Q3FY23 and 9mFY23. Key Financials at a Glance: 3QFY23: Total Income at ₹82 crore; up 10.65% EBITDA at ₹29 crore; up 73.48% EBITDA margin at 10.49% Vs 6.74% PAT at ₹19; up 138% NPM at 5.45% Vs 2.54% EPS at₹17 9MFY23 Total Income at ₹69 crore; up by 36.88% EBITDA at ₹55; up by 148.11% EBITDA margin at 10.28% Vs 5.67%  PAT at ₹28 crore; up 252.69% NPM at 5.15% Vs 2% EPS at ₹25 Commenting on the performance, Mr. Sushil Kumar Aggarwal, Chairman of AVRO India Limited said, “Plastic furniture demand helped us to report good revenue growth and our recycling unit helped us to cu

Business

Bollywood’s new star Bhagyesh Hendre is rocking the music world

February 13, 2023

New Delhi (India), February 13: A new name is rocking the world of music today, the name of that talented artist is Bhagyesh Hendre. Bhagyesh recently released a song featuring talented actress Rupali Singh Song Kahani Suno (Dark Reprise) Produced & Directed by Deepesh Bangra & Rahul Soni This song is a success today It is on the side and people are liking it very much. Bhagyesh is working on many more big projects in the coming time which also has many songs which are going to be released soon. Bhagyesh’s Tenu Rab Maneya song is on its way to becoming a huge hit which is released on Soch Music India’s YouTube channel. Bhagyesh was born in Mumbai, apart from the financial capital of India, we also call Mumbai the magical city, this is the city where artists come from al

Business

JB Pharma records revenue growth of 32% to INR 793 crores in Q3 FY23

February 13, 2023

Profit after Tax stood at Rs. 106 crore as compared to Rs. 84 crore registering growth of 26% Mumbai (Maharashtra) [India], February 13: JB Pharma, one of the fastest growing pharmaceutical companies in India, announced record revenue growth of 32% to Rs. 793 crore in Q3 FY23. Operating EBITDA (Earnings Before Interest Depreciation and Taxes) increased by 26% to Rs. 193 crore as compared to Rs. 153 crore. Profit after Tax stood at Rs. 106 crore as compared to Rs. 84 crore registering growth of 26%. Commenting on financial results, Mr. Nikhil Chopra, CEO and Wholetime Director, JB Pharma mentioned, “JB continues its growth journey delivering strong financial performance in the quarter. Our organic business outpaced the market, whereas our inorganic portfolio added to the upsides with better

Business

Mitsu Chem 9M FY23 Total Income Up 23%

February 13, 2023

Mumbai (Maharashtra) [India], February 13: Mitsu Chem Plast Limited (Mitsu) (BSE:540078), One of the largest manufacturers of Blow Molding, Injection Molding, and Customized Molding, announced its unaudited Financial Results for Q3 & 9M FY23. Key Financials at a Glance: 9M FY23 Total Income for 9M FY23 at ₹. 226.16 Cr EBITDA for 9M FY23 at ₹. 19.02 Cr PAT for 9M FY23 at ₹. 8.51 Cr EPS for 9M FY23 at ₹. 7.05 Q3 FY23  Total Income for Q3 FY23 at ₹. 71.65 Cr EBITDA for Q3 FY23 at ₹. 5.25 Cr PAT for Q3 FY23 at ₹. 1.81 Cr EPS for Q3 FY23 at ₹. 1.50 Commenting on the performance, Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said, “Increase in Raw material prices continues to be the concern for the quarter which are increasing due to various reasons like Inflation & Geopol

Business

Vedanta Starts Mining Operation in Jamkani coal mine

February 13, 2023

Vedanta company authority successfully held discussions with the displaced people Sundargarh (Odisha) [India], February 13: Jamkani coal block, a Greenfield mine in Odisha’s Sundargarh district allotted to Vedanta Limited, started operation today with the successful completion of a meeting with villagers. A meeting was successfully held between the company authority, district administration, and the displaced villagers regarding the problem of the displaced people at the Jamkani Coal mine agitation site of Vedanta Company. Various issues were discussed and today in a healthy atmosphere an agreement was reached with the consent of all and the mining process was started। Today’s meeting was attended by Mrs. Kusum Tette, Hon’ble MLA, Sundargarh Sadar, Mr. Abhimanyu Behera,  ADM, S

Business

The Title of the upcoming Gujarati film ‘Ram Bharose’ launched

February 13, 2023

New Delhi (India), February 13: Filmmakers are succeeding in conveying Gujarati culture and its splendor to the audience in Gujarati films with subject diversity. A Gujarati film ‘Ram Bharose’ with one such diverse subject is going to be released soon. The film’s lead actors are Dhairya Thakkar, Reeva Ranch and Nilesh Parmar, director Vishal Vadawala, producers Ketan Rawal, Manish Jain, Ajit Joshi, Maltiben Dave, Manish Satani, Tejal Rawal and creative producer Pravin Khinchi were present on the occasion of the title launch of the film. Ketan Rawal of India’s largest vanity van vendor Mumbadevi Visions is now a film producer who is making his debut in the Gujarati film industry with the film ‘Ram Bharose’. On the occasion of the title launch of the film,

Business

Experience a taste of the Orient at the newly launched IC at Hilton Mumbai International Airport

February 11, 2023

Dishes of IC – Hilton Mumbai International Airport Mumbai (Maharashtra) [India], February 11:  Homage to the old Imperial China, which served only Cantonese food but now serves popular cuisines of South East Asia in a contemporary style If you are a food connoisseur and especially like to enjoy South East Asia cuisine and delicacies – Hilton Mumbai International Airport’s IC awaits your presence. Exuding a décor reminiscent of the Imperial era, it adorns e-size paper fans on the walls alongside an aura that is bound to charm its patrons. The restaurant’s interiors flaunt an air of relaxed elegance, and its ambience ensures an immersive dining experience. All cultures have their unique characteristics of cuisine. Asian cuisine is known to be famous for its spices and mouth-water

Business

Vedanta’s “Jamkani Coal Mining Operation” Begins In Sundargarh

February 11, 2023

Vedanta Authority’s Talks with Displaced Locals Successful Sundargarh (Odisha) [India], February 11: The deadlock that had stalled the mining activities of Vedanta at its Jamkani site in Sundargarh sadar assembly segment for a long due to the stir staged by the affected villagers ultimately got resolved today following hectic parleys and successful talks between the protesters and the Sundargarh district administration as well as the Vedanta authorities. A significant meeting was held today between the company authority, district administration and the displaced villagers regarding the problems of the aggrieved people at the agitation site of Vedanta Company’s Jamkani Coal Mine. Various issues were discussed in a healthy atmosphere resulting in an agreement reached, following w

Business

Agarwal Industrial Corporation releases Q3 FY23 results – key highlights

February 11, 2023

New Delhi (India), February 11: Agarwal Industrial Corporation Limited, the largest pvt sector player in the bitumen sector has released its performance for the period that ended on December 31, 2022. For Q3FY23, Company reported a 45.42% year-on-year (YoY) jump in its consolidated revenue from operations at Rs 553.90 crores. EBIDTA (earnings before interest, taxes, depreciation, and amortization) margin increased by 19.18% at Rs.39.80 crore. PAT (Profit after tax) stood at Rs.26.43 crore with an increase of 27.91%. The Company, recently inducted 2, Specialized Bitumin Vessels with a total capacity of 12,574 MTs taking the total count of its Vessel Family to 8 & total carrying capacity to 51,574 MTs. In Budget 2023 Road ministry got a 36% hike in allocation at Rs 2.7 lakh cr for 2023-2

Business

Sky Gold Limited reported Q3FY23 net profit of Rs.11.67 crore

February 11, 2023

Mumbai (Maharashtra) [India], February 11: Sky Gold Limited (BSE Code: 541967), one of the leading jewellery companies based in Mumbai reported unaudited Financial Results for the Q3 FY23 & 9M FY23. Financials at a Glance:  Q3 FY23: Revenues at ₹57 crore EBITDA at ₹28 crore; up by 73.45% EBITDA margin at 4.59% Net profit at ₹67 crore; up by 501.55 % EPS at ₹91 9M FY23: Revenues at ₹62 crore; up by 52.36% EBITDA at ₹37 crore; up by 7.77% Net profit at ₹90 crore; up by 20.97 %    EPS at ₹11.66 Speaking on the occasion Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer of Sky Gold Limited said – “The strong demand for our jewellery products enabled us to surpass FY22 revenues of ₹ 796 crore by reporting revenues of ₹ 885 crore in the first nine months of the curr