a one-off gain doubled the headline profit. the plants announced this month say more about the next three years
Profit up 115% in a single quarter sounds like a business on fire. Strip out a one-off property sale, though, & the underlying profit grew roughly 45-55%: still strong, just not the headline.
The more telling number came later. Within one week this October, this maker of badges, logos & decorative trims for cars & motorcycles filed three separate expansions worth about Rs. 175 crore.
The company I'm referring to is . . .
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revenue up 39.9% yoy to a record, ebitda margin 22.3% vs 10.3% & profit after tax up 311% yoy, on 10-12% fewer tonnes. management says part of it was a windfall. here is how much, & what has to go right next.
IRDAI's draft would shrink what banks, NBFCs & brokers earn for selling insurance, in some cases from about 45% of premium to 2%. Here's who earns less, who may gain & what to watch before the 25 October deadline.
revenue up 53.3% yoy, profit up 42.9% yoy, zero debt since 2018 & a plant at 96% utilisation for five years. the growth came from prices & traded material, not tonnes. new capacity is due this month, & the benefit lands in fy28.
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