Category: Finance

Key economic forecast: Real Economy: With moderation in inflation (both retail and wholesale), there is room for both fiscal expansion and monetary accommodation, supporting domestic demand and in turn industrial activities. The decline in wholesale prices will provide relief to corporates as they continue to face higher borrowing costs. Exporters will continue to face challenges as global trade remains subdued. Dun & Bradstreet expects the Index of Industrial Production (IIP) to have grown by 0.5% – 0.7% during April 2023, partly due to the base effect. Price Scenario: Dun & Bradstreet expects inflation to moderate as global commodity prices continue ... Read more

HealthCare Global Enterprises Limited (“HCG”), the leader in India in speciality   healthcare services focused on oncology and fertility today announced its financial results for the quarter (“Q4”) and year ended FY23. Highlights for quarter ended March 31st, 2023 Consolidated Income from Operations (“Revenue”) was INR 4,417 mn as compared to INR 3,639 mn in the corresponding quarter of the previous year, reflecting a year-on-year growth of 21.0% Consolidated Profit Before Depreciation and Amortization, Finance Costs, Exceptional Items and Taxes (“EBITDA”) was INR 763 mn, as compared to INR 632 mn in the corresponding quarter of the previous year, a growth of 21% year-on-year Consolidated Profit Before Other Income, Depreciation and Amortization, Finance Costs, Exceptional Items and Taxes (“Adjusted EBITDA”), was INR 831 mn, as compared to INR 676 mn in the corresponding quarter of the previous year, a growth of 23% year-on-year EBITDA for Existing centers was INR 770 mn, a growth of 14% year-on-year EBITDA from New centers was INR 83 mn, as compared to INR 37 mn in the corresponding quarter of the previous year, a growth of 122% Consolidated Profit after Taxes and ... Read more

Cosmo First Limited today declared its financial results for the quarter ended March 2023. During the quarter, commodity films margins in both BOPP and BOPET suffered a further decline severely impairing the profitability of the industry. Cosmo with over two third of its revenue coming from speciality films could withstand the margin pressure and outperformed the industry once again. The company expects the position to improve in the coming months bringing an end to QoQ declining phase, happening since the last 3 quarters. The company will continue to build its speciality products portfolio and maintain its lead over the other ... Read more

Tata Hitachi, a leading provider of Construction and Mining Equipment, announced its First Edition of Annual Financiers’ Summit and Awards Show – Synergie 2023 at ITC Maratha, Mumbai. Synergie 2023 – a Summit and Award Show for Financiers – gives Tata Hitachi a forum to thank Finance Partners and recognize their efforts by rewarding top performers.  It also provides a unique platform to engage and co-create better financial solutions for our esteemed customers. Speaking on the occasion, Mr Sandeep Singh, Managing Director Tata Hitachi said, “It gives me great pleasure to host Synergie 2023 – the First of an Annual Summit to felicitate our Finance Partners. Financiers are ... Read more

Cosmo Ferrites Limited, a leading manufacturer and exporter of Soft Ferrites and an emerging player in wire wound magnetic components today declared its financial results for the quarter ended March 2023. Enhanced Q4 results vs. Q3 is mainly on the back of some normalization of order flows from Europe which was impacted due to over stocking/recession fears/chip shortages. The new kiln for valued added speciality cores has been commissioned at Q4 end FY 22-23 and should add to revenue/profitability in the coming quarters. Q4 results included Rs. 80 lakhs charge under ‘other expenses’ on account of loss on sale of an old ... Read more

Gateway Distriparks Limited (GDL), a leading integrated inter-modal logistics facilitator in India, today announced its audited financial results for the March quarter of the current financial year. Note: The Company was operating CFS Punjab Conware in Nhava Sheva for 10 months in FY22 after which the O&M agreement expired. Punjab Conware FY22 revenue was Rs. 87.52 crores and EBTIDA was Rs. 15.84 crores. However, after payment of license fees Rs. 16.44 crores to Punjab State Warehousing Corporation, it was a loss making facility for the company. For a like-to-like comparison, excluding Punjab Conware CFS from the Company’s throughput and financials, on ... Read more