The company will undertake a buyback of up to Rs 850 crore (excluding buyback taxes and other transaction costs) at a maximum price of Rs 810 per share and has opted for the open market route through stock exchanges method, which is to be completed within a maximum period of six months.
Indian telecom operators continue to have one of the lowest monthly average revenue per user (USD 2.5) and the highest monthly data usage (20 GB) in the world.
Operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 8 per cent from last year to Rs 480.6 crore. The fall in operating profit is due to spiralling expenses, which increased 21 per cent from last year while finance costs increased 29 per cent year-on-year.
Bengaluru (Karnataka) [India], November 4 (ANI/NewsVoir): TVS Motor Company's operating revenue grew by 28 per cent at Rs. 7,219 Crores for the quarter ended September 2022 as against Rs. 5,619 Crores reported in the quarter ended September 2021.
The company has posted volume growth of 10 per cent in its ready-mix concrete to 0.75 mt for the reviewed quarter, against 0.68 mt in the corresponding quarter the previous year.
Mumbai (Maharashtra) [India], October 23 (ANI): On the occasion of Diwali, the stocks will go to trade during the evening from 6.15 pm to 7.15 pm. After studying the lists that brokerages came out for Muhurat trading, ANI has also chosen some stocks which could be really worth for investment.
New Delhi [India], October 21 (ANI): Reliance Jio on Friday posted a 28 per cent growth in its net profit to Rs 4,518 crore for the quarter ended September 30, against Rs 3,528 crore in the year-ago period.
Pune (Maharashtra) [India], October 19 (ANI/BusinessWire India): KPIT (NSE: KPITTECH; BSE: 542651), a leading partner for accelerating the transformation towards Software-Defined Vehicle to the automotive and mobility industry announced financial results for Q2 FY23 results today.
New Delhi [India], October 17 (ANI): Leading company of design-led technology services Tata Elxsi has announced a 39 per cent year-on-year growth in net profit at Rs174.30 crore for the quarter ended September 30, 2022.
Bengaluru (Karnataka) [India], October 13 (ANI/PRNewswire): Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the second quarter that ended September 30, 2022, as approved by its Board of directors.