The Indian cabinet's decision to waive bank guarantee requirements for telecom operators on spectrum purchased before 2022 will significantly reduce their financial burden, freeing up capital and enhancing cash flow, according to the Cellular Operators Association of India. The move is expected to benefit companies like Vodafone Idea, which owes over Rs 24,700 crore in bank guarantees.
Open FlipReported Standalone quarterly numbers for Samrat Forgings are: Net Sales at Rs 50.47 crore in September 2024 up 11.32% from Rs. 45.34 crore in September 2023. Quarterly Net Profit at Rs. 1.87 crore in September 2024 up 133.55% from Rs. 0.80 crore in September 2023. EBITDA stands at Rs. 5.31 crore in September 2024 up 24.36% from Rs. 4.27 crore in September 2023.
Open FlipReported Standalone quarterly numbers for Variman Global Enterprises are: Net Sales at Rs 19.29 crore in September 2024 up 13.28% from Rs. 17.03 crore in September 2023. Quarterly Net Profit at Rs. 0.11 crore in September 2024 down 94.84% from Rs. 2.11 crore in September 2023. EBITDA stands at Rs. 0.64 crore in September 2024 down 73.98% from Rs. 2.46 crore in September 2023.
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