Avenue Supermarts: Avenue Supermarts Ltd., the operator of the DMart retail chain, reported a 4.8 percent year-on-year rise in net profit to ₹723.7 crore for the quarter ended December 31, 2024. The company’s revenue from operations surged by 17.7 percent to ₹15,973 crore, reflecting strong growth momentum. EBITDA grew by 8.7 percent to ₹1,217.3 crore during the same period, although the EBITDA margin narrowed to 7.6 percent compared to 8.3 percent in the previous year.
Oberoi Realty: Oberoi Realty Ltd., a prominent real estate developer, disclosed that it has been appointed as the developer for a slum rehabilitation scheme at Bandra Reclamation, Mumbai. The project spans a 10,300-square-meter plot, as confirmed by the Slum Rehabilitation Authority (SRA) of Brihanmumbai in a letter dated January 10, 2025. In its regulatory filing, the company noted that this appointment aligns with its strategy to expand its footprint in Mumbai’s high-demand real estate market.
Ola Electric: Ola Electric Mobility Ltd., a leading player in the electric two-wheeler market, revealed that it has received a third communication from the Central Consumer Protection Authority (CCPA) as part of an ongoing investigation. The probe involves over 10,000 consumer complaints related to service deficiencies and alleged violations of consumer rights. This latest inquiry, dated January 10, 2025, follows two prior notices issued in October and December 2024. The company stated that it is fully cooperating with the authorities and providing all requested information.
Just Dial: Local search engine Just Dial Ltd. reported a robust 42.7 percent year-on-year increase in net profit to ₹131.3 crore for the quarter ended December 31, 2024. The company’s revenue from operations rose by 8.4 percent to ₹287.3 crore, compared to ₹265 crore in the same period last year. Just Dial continues to demonstrate growth, benefiting from its strong market position and expanding digital services portfolio.
PCBL: PCBL Ltd. faced a 39.1 percent year-on-year decline in net profit, which stood at ₹93.1 crore for the quarter. Despite this, the company’s revenue surged 21.3 percent to ₹2,010 crore, and EBITDA grew by 13.7 percent to ₹317.4 crore. However, EBITDA margins contracted to 15.8 percent from 16.9 percent in the previous year. The company declared an interim dividend of ₹5.5 per share, with a record date set for January 16, 2025.
Vedanta: Vedanta Resources Ltd., controlled by billionaire Anil Agarwal, is reportedly in discussions with banks to secure over $450 million in loans. The proceeds are intended to refinance the company’s outstanding junk bonds. First Abu Dhabi Bank PJSC, Barclays Plc, Mashreqbank PSC, and Standard Chartered Plc are among the lenders engaged in the talks. The loan, expected to have a tenor of three to five years, is part of Vedanta’s strategy to manage its debt obligations effectively.
IRM Energy: GAIL (India) Limited has announced a 29 percent increase in the domestic gas allocation for IRM Energy Ltd., effective January 16, 2025. This revision will boost the share of domestic gas in IRM’s CNG segment from 37 percent to 51 percent. The company expects this increased allocation to significantly enhance its profitability, reinforcing its competitive position in the energy sector.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.