The turnaround in distribution utilities is matched by improvements in other critical performance indicators, highlighting the depth of reforms. It’s good news that was long‑awaited. India’s power distribution utilities have collectively recorded a positive profit after tax (PAT) of ₹27.01 billion in FY2024‑25, marking a turnaround for the sector. The world’s third‑largest energy consumer’s distribution...
Tag: profit
Post
Post
REC Profit at ₹15,713 crore for FY25
REC RECOMMEDS FINAL DIVIDEND OF ₹ 2.60 PER SHARE The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the year ended March 31, 2025. Operational and Financial Highlights: Q4 FY25 vs Q4 FY24 (Standalone) – Disbursements: ₹45,538 crore Vs ₹39,374 crore, up by 16% – Net interest income: ₹5,876 crore Vs ₹4,263 crore,...
Post
Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas
Post
Major ports witness decline in profits
The country's 12 major ports witnessed decline in profit in recent years. The aggregate profit of the 12 major ports declined to Rs 1,790.92 crore in 2011-12 from Rs 1,946.38 crore in 2010-11. The combined net profit of these ports declined further to Rs 1,220.61 crore in 2012-13. These 12 ports also witnessed contraction in cargo volume from 570 mn t in 2010-11 to 560 mn t in 2011-12.
Post
Net profit of OIL India declines 34.5% in June quarter
During April-June 2013, the net profit of Oil India (OIL) declined 34.5 percent to Rs 609.08 crore or Rs 10.13 per share compared to Rs 929.93 crore, or Rs 15.47 per share in the year-ago period. Net profit of the firm declined during the quarter because net realisation fell to $45.88 per barrel from $53.78 in first quarter last
Post
RBI to provide Rs 330 bn as dividend to govt
For the accounting year July-June 2012-13, the Board of Reserve Bank of India agreed to provide Rs 33,010 crore as dividend or surplus profit to the government. Market participants expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 1
Post
RBI to provide Rs 330 bn as dividend to govt
For the accounting year July-June 2012-13, the Board of Reserve Bank of India agreed to provide Rs 33,010 crore as dividend or surplus profit to the government. Market participants expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 1
Post
Net profit of Gujarat Gas rises 91%
Net profit of Gujarat Gas rose 91.2 percent to Rs 101.13 crore during Apr-Jun 2013 compared to Rs 52.88 crore in the year-ago period. Gujarat Gas is a subsidiary of GSPC Distribution Network (GNDL), which recently acquired 73.70 percent stake in the firm. Consolidated profit after tax (PAT) of the firm during the quarter stood at Rs 100.6 crore as against Rs 59.50 crore in the preceding quarter. It may be recalled that this is the first time the firm is reporting the consolidated profit afte
Post
Net profit of Karnataka Bank rises 12.9%
Net profit of Karnataka Bank rose 12.87 per cent to Rs 94.17 crore during Apr-Jun 2013 compared to Rs 83.43 crore in the year-ago period. Growth in operating profits to Rs 257.51 crore during the quarter from Rs 168.94 crore in the year-ago period enabled the firm post strong net profit. Other income of the bank rose 116 per cent to Rs 205.95 crore from Rs 95.33 crore in the corresponding prev
Post
Punj Lloyd to convert part of rupee loan into dollar
In order to align its business operation, engineering major Punj Lloyd plans to convert part of its rupee debt into dollar debt. Profitability of the firm took a hit because of the mismatch between the interest payment on debt (which is mostly in rupees) and revenue (which is mostly in dollar). While the company derives 65-70 per cent of its business from abroad, its 65-70 per cent of debt is in rupe