Page 15 - Indian Companies

Godawari Power and Ispat posts multifold jump in Q4 profit at Rs 304 cr

Godawari Power and Ispat Ltd (GPIL) on Tuesday posted a multifold jump in consolidated net profit at Rs 304.01 crore for March quarter 2020-21, mainly on the back of higher revenues.

The unicorn boom: Shareholder issues

Entrepreneurs must think through their choices on their listing venue, shareholder base, and valuations

Modern trade to recover as Covid-19 pandemic graph slows: Nielsen

As consumption in metros begins to improve, the negative trend for modern trade could change in the months ahead, Nielsen said

A recovery interrupted

This first of a two-part essay assesses the emerging economic fallout of the second wave

Export Import Bank of India FY21 net profit up 105% to Rs 254 crore

The loan book expanded by 4.43 per cent to Rs 1.03 trillion in March 2021.

Oyo's efforts to raise $600 million via debt to help its listing plan

The company said $600 million in a TLB structure will service its existing loans, which are on higher interest rates.

Unnecessary deviation

DHFL should not go back to its erstwhile promoter

Panacea Infosec announces 30-40% salary hike, to raise headcount by 35%

Cybersecurity firm Panacea Infosec has given 30-40 per cent hike in salaries for all employees with effect from April, the company said on Thursday. Currently, the company has around 230 employees and plans to increase headcount in the range of 25-35 per cent during the ongoing financial year, it said in a statement. "With this hike, Panacea Infosec will get an average increment of 30-40 percent in the financial year 2021-22. "Panacea Infosec is one of the fastest growing cybersecurity audit firms in India with an average growth rate of 245 per cent in the past three years," the statement said. Founded in 2012, the Delhi-based company claims to have over 400 clients spread across 45 countries. Panacea said businesses are still coping up with the COVID-19 crisis, and dependency on information technology and other digital services has increased which, in turn, increased the demand for cybersecurity and privacy services. In the new business environment cybersecurity and audit servic

Uncertainties rise as pandemic impacts customer orders: Exide Industries

Exide Industries said uncertainties have increased as customer orders have started getting impacted due to the second wave of COVID-19

Best of BS Opinion: Encouraging exports, tripping up on arbitration & more

Here are the best of Business Standard's opinion pieces for Wednesday

New-age beauty brands shine bright amid Covid-19 pandemic gloom

Homegrown beauty and personal care brand St Botanica is two times bigger than what it was pre-Covid

The coming surge in chairpersons emeritus

Since no part of the Companies Act deals with chairperson emeritus, these appointments will have to be governed by a formal contract between the company and the individual or under its articles

Pharma sector's Q4 results show moderate gains amid Covid-19 pandemic

The ongoing April-June quarter should see strong growth due to low base of last year

Several companies rush to file draft red herring prospectus with Sebi

According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month

Exits without tears

Book review of The Art of a Happy Exit: How Smart Entrepreneurs Sell Their Businesses

Valuation of India's top IT companies way above earnings growth trend

Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21

Orient Cement Q4 net profit rises over two-folds to Rs 99.87 crore

C K Birla group firm Orient Cement Ltd on Monday reported an over two-fold jump in net profit at Rs 99.87 crore in the fourth quarter ended March 2021. It had posted a net profit of Rs 44.06 crore in the January-March quarter a year ago, Orient Cement said in a BSE filing. Its revenue from operation rose 27.06 per cent to Rs 831.61 crore during the quarter under review as against Rs 654.52 crore in the corresponding period a year earlier. Total expenses were at Rs 680.83 crore in Q4/FY2020-21, up 14.96 per cent as against Rs 654.52 crore. For the fiscal year 2020-21, its net profit rose over two-folds to 214.18 crore. It was Rs 86.58 crore in the previous year. However, its revenue from operations for the fiscal was marginally down by 4.03 per cent at Rs 2,324.08 crore. It was Rs 2,421.79 crore in FY2019-20. The company said that in the wake of the Covid-19 pandemic outbreak and consequent lockdown imposed by the government last year, the manufacturing facilities of the company w

The way forward for firms

Indian firms need to prepare for export boom by vaccinating employees, their family members; and prioritise export market

Losing steam

Second wave could derail strong corporate recovery

Best of BS Opinion: Herbs need good marketing, second Covid-19 wave & more

Here are the best of Business Standard's opinion pieces for Monday