Wed, Nov 27, 2024 3:08 PM
Oracle Fin Services Standalone September 2024 Net Sales at Rs 1,208.80 cr
A Flip by Shubhangi Gupta
Reported Standalone quarterly numbers for Piramal Enterprises are: Net Sales at Rs 491.61 crore in September 2024 down 6.76% from Rs. 527.23 crore in September 2023. Quarterly Net Profit at Rs. 115.69 crore in September 2024 up 3756.33% from Rs. 3.00 crore in September 2023. EBITDA stands at Rs. 316.88 crore in September 2024 up 97.86% from Rs. 160.15 crore in September 2023.
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Alt Mobility, an EV leasing and lifecycle management firm, has raised $10 million in a Series A round led by Eurazeo, with existing backers Shell Ventures, EV2, and Twynam participating. The startup plans to expand its fleet to 30,000 vehicles by March 2026 and grow its assets under management to Rs 800 crore in the next 18 months.
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Paradigm Realty has prepaid Rs 175 crore in debt to Edelweiss Financial Services, two quarters early, thanks to strong sales and refinancing. The debt, with a 13% interest rate, was raised to fund the 102 Downtown development project. Paradigm has also secured a new Rs 135 crore loan at 13% interest, which can be reduced by 1% on achieving performance milestones.
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