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Shares of Venky’s (India) hit a 52-week high of Rs 1,968.60 after rallying 10 per cent on the BSE in intra-day trade on Wednesday after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021 (Q4FY21). It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, the net profit was down 27 per cent from Rs 106.50 crore as the company witnessed some negative impact due to outbreak of bird flu. The company’s revenue from operations grew 42 per cent to Rs 941.35 crore from Rs 660.86 crore in the corresponding quarter of previous fiscal. It reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 111.17 crore against a loss of Rs 117.53 crore. ....
7 hours ago New customer acquisitions and net customer additions at IndiaMART will remain volatile until the industry churn from the pandemic stabilises, Dinesh Agarwal, CEO and managing director of IndiaMART InterMESH Pvt. Ltd. said on an earnings call on Friday. Even with this volatilty, Agarwal said that there are people who understand IndiaMART as a platform and know how to take out value from it. This was reflected in increasing collections and ARPU from customers, both of which increased rapidly when the market was open December 2020 to March 2021. This has been disturbed again because of the second wave of COVID-19, which is more severe. ....
Kolhapur (Maharashtra) [India], April 30 (ANI/PRNewswire): One of the fastest-growing FMCG enterprises in India, Ghodawat Consumer (GCPL), part of well diversified Sanjay Ghodawat Group (SGG), recently touched a momentous milestone. The company while riding on the success and widespread popularity of its wide range of daily consumable products has now become a 1,000 Cr revenue company in financial year ending March 2021. Being launched in 2014 to offer high-quality consumable products at affordable prices, GCPL has seen a gigantic rise in very little time under the guidance and mentoring of Sanjay D. Ghodawat, Chairman, SGG and leadership of Shrenik Ghodawat, MD - GCPL. ....
Ghodawat Consumer becomes a 1000 Cr Brand aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Booster shot: India Inc plans Covid-19 jabs for staff, families Our Bureau New Delhi/Mumbai | Updated on April 21, 2021 Companies feel that there is a need for more clarity on availability, pricing of vaccines - MURALI KUMAR K Companies feel that there is a need for more clarity on availability, pricing of vaccines - MURALI KUMAR K× To help employees as vaccination is not covered, as part of the health insurance, under OPD policy Following the Centre’s decision to allow partial sale of the Covid-19 vaccines in the open market, India Inc has started chalking out plans to get its staff and their immediate families inoculated against the novel coronavirus. ....