ReutersRevenue from operations rose 7% year-on-year to Rs 120 crore for the quarter under review as against Rs 112 crore in the corresponding quarter of last year.
On a sequential basis, net profit for the quarter more than halved from Rs 39.2 crore in the preceding quarter. Meanwhile, revenues fell 42% quarter-on-quarter.
The homegrown wine maker has reported an EBITDA at just over Rs 30 crore.
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Wednesday, 03 May, 2023- Front Page
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- Govt may Adopt Fema-like Valuation Norms for Angel Tax
India may accept the valuation criterion followed under the foreign exchange management law for the so-called angel tax on investments by overseas investors in startups, to provide clarity and end tax disputes.
Amazon, Samara look to Own Less in More, may Shed Up to 20%More Retail, which is owned by Amazon and private equity firm Samara Capital, is looking to divest about a fifth of its equity to external investors at a valuation of around $2 billion, said people aware of the matter.
Go First Files for Insolvency, Suspends Flights till May 5The Wadia family-owned low-cost airline Go First Tuesday filed for voluntary insolvency proceedings before the Mumbai bench of the National Company Law Tribunal (NCLT) and attributed the decision to protracted delays in sourcing airworthy engines from US aerospace major Pratt & Whitney (PW).
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