L&T secures major orders worth up to 10,000 crore for Power Transmission & Distribution business
Larsen & Toubro (L&T) today announced that its Power Transmission & Distribution (PT&D) business has secured major orders, classified in the ₹5,000 – ₹10,000 crore range, for grid infrastructure projects in both domestic and international markets.
In India, the business has won an order to construct 765kV and 400kV transmission lines associated with the integration of a Renewable Energy Zone in Andhra Pradesh. This project is aligned with India's ongoing energy transition efforts and will play a key role in enhancing green power evacuation infrastructure.
In the Middle East, PT&D has received turnkey orders to establish 220kV and 132kV Gas Insulated Substations (GIS). These contracts have been awarded by prominent transmission asset owners and operators in the respective countries.
The new orders reinforce PT&D's capabilities in executing complex power transmission projects and mark a strategic step toward supporting global sustainable energy goals.
In the meantime, Larsen & Toubro shares opened at ₹3,704 and hit a low of ₹3,667.20 during early trade. The stock remains close to its 52-week high of ₹3,963.50, showing strong medium-term momentum. Its 52-week low stands at ₹2,965.30.
About L&T:
Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, with operations across multiple geographies. The company has maintained leadership across key sectors for over eight decades through a strong customer-centric approach and commitment to quality.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Eater
an hour ago
- Eater
Notorious Royal India Restaurant Owners Charged With Wage Theft
Last week, the former owners of the Kirkland restaurant Royal India, Mohammad Rashid Bhatti and Aeisha Bhatti, were charged with 10 counts of felony wage theft by state prosecutors, who say the father and daughter duo failed to pay workers nearly $45,000 from 2021 to 2023. The pair pleaded not guilty at an arraignment, according to a release from the state Department of Labor and Industry (L&I). If you've heard of Royal India, it might be because it was in the Seattle Times last year when the paper investigated L&I's failure to collect stolen wages and used the restaurant as an example of a business frequently accused of stealing from workers. According to the Times story, Royal India's two locations in Lynnwood and Kirkland 'have been the subjects of at least 37 wage complaints from workers since 2018,' more than any other non-chain restaurant in Washington State. At the time, L&I 'has collected $42,051 from the Bhattis since 2018 out of $121,662 owed in wages, interest and penalties,' the Times reported. Some Royal India employees contacted a worker's rights group called the Seattle Solidarity Network, which organized a picket line outside the restaurant in 2023 and even created a website devoted to documenting the restaurant's supposed misdeeds, including an alleged rat infestation that spread to other tenants at the strip mall and unpaid taxes. The Times reported that the King and Snohomish county health departments cited both locations for code violations, including 'black mold in the ice machine.' The Kirkland location closed in 2024 after city inspectors shut it down for having an inadequate fire suppression system in its kitchen hood. The Lynnwood location closed before reopening under new ownership with the name Dastoor. In the case of the investigation that led to felony charges, L&I went through Royal India's finances and concluded 'they had the ability to pay their employees but didn't,' according to the agency press release, which continued: 'During the investigation, it was discovered that some complainants were also tasked with doing work for Aeisha Bhatti's other business, Marigold Design House. Additional instances of alleged wage theft were discovered during the investigation, including a nanny hired by Aeisha Bhatti who was allegedly not paid for her work.' Many wage theft cases are settled in civil lawsuits or addressed in the normal L&I process. Felony wage theft cases are 'relatively rare,' an L&I spokesperson told the Times, but the agency can refer cases to the state AG if it finds 'what appears to be a clear intent to withhold wages from workers.' Eater Seattle All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Yahoo
an hour ago
- Yahoo
Is IonQ a Better Quantum Computing Stock to Buy Than D-Wave?
The stock market had a turbulent year. However, quantum computing stocks have navigated the volatility and recorded impressive returns. The Defiance Quantum ETF QTUM outperformed the broader S&P 500 over the past year (+42% vs. +12.3%). Significant contributors to the gains in QTUM include IonQ, Inc. IONQ and D-Wave Quantum Inc. QBTS, which rose by 409.7% and 1,447.4%, respectively, in a year. But does D-Wave Quantum's outperformance in the last 12 months against IonQ indicate a better buy, or would you prefer the latter? Let's find out – IonQ's first-quarter revenues of $7.6 million may have remained unchanged from a year ago, but the company has issued encouraging full-year revenue guidance. After acquiring Lightsynq, the company anticipates doubling its 2024 revenues to fall between $75 million and $95 million for the year. IonQ is also heading toward profitability. IonQ narrowed its first-quarter non-GAAP loss to $0.14 a share from a loss of $0.19 a share a year ago. IonQ has made substantial progress as its unique linear ion chains in quantum computing help it to surpass 100 qubits and reduce errors compared to other quantum computers. The company has grown its customer base for some time. Notable among them are AstraZeneca PLC AZN and ANSYS, Inc. ANSS, to name a few (read more: Can IONQ be the Next NVIDIA, and Is It a Buy?). D-Wave Quantum's financial performance has been imposing, too. D-Wave Quantum's first-quarter revenues skyrocketed to $15 million, a 509% increase from a year ago. D-Wave Quantum was able to meet its customer obligations and reduce its liabilities, indicating a path to profitability. D-Wave Quantum finished the quarter with $304.3 million in cash, which can sustain operations until profitability. D-Wave Quantum's revenue growth is driven by increased interest in its technology. The company's 6th-generation Advantage2 quantum computer can solve problems in 20 minutes, which supercomputers may take almost 1 million years. CEO Alan Baratz recently said that the Advantage2 quantum computer is 'so powerful that it can solve hard problems outside the reach of one of the world's largest exascale GPU-based classical supercomputers.' D-Wave Quantum also boasts a strong customer base with notable clients, such as Lockheed Martin Corporation LMT and Deloitte (read more: Here's Why D-Wave Stock Promises High Growth and Is a Buy). Both IonQ and D-Wave Quantum are on track to become profitable. IonQ's ion trap architecture provides scalability and a competitive edge, while D-Wave Quantum focuses on quantum annealing for solving complex problems, potentially driving revenue growth and boosting investments. However, quantum computing's practical applications remain limited as it is an unproven market. Therefore, placing bets on both speculative stocks may heighten risk. Yet, risk-tolerant investors may prefer focusing on one stock for potential gains when the market recognizes quantum computing's true value. IonQ should be the preferred choice over D-Wave Quantum since the company has a larger intellectual property portfolio, including 950 patents related to quantum computing. Its recent acquisitions of Lightsynq, ID Quantique and UK quantum computing firm Oxford Ionics have strengthened its business position in the quantum space. Moreover, IonQ stock is less pricey on a relative basis compared to shares of D-Wave Quantum since it has a price-to-sales (P/S) ratio of 212.84. D-Wave Quantum is trading at a P/S ratio of 240.66. IONQ – P S Ratio (TTM) Image Source: Zacks Investment Research QBTS – P S Ratio (TTM) Image Source: Zacks Investment Research And of course, let's face it, IonQ's CEO, Niccolo de Masi, sounds more optimistic as he believes the company will lead the field like NVIDIA Corporation NVDA. Others have imitated, but have always trailed behind. IonQ has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ANSYS, Inc. (ANSS) : Free Stock Analysis Report Defiance Quantum ETF (QTUM): ETF Research Reports IonQ, Inc. (IONQ) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
D-BOX Reports Record Full-Year Revenue and Profitability for Fiscal 2025
Royalty-driven Model delivers Strong Margin Expansion and Cash Generation; Leadership Transition positions Company for Next Phase of Growth All dollar amounts are expressed in Canadian currency(1) Please refer to "non-IFRS and other financial performance measures" in this press release Fiscal 2025 Highlights Record total revenues of $42.8 million, up 8% vs. FY 2024 Record royalties of $11 million, up 27% vs. FY 2024 Adjusted EBITDA1 of $7.3 million, or 17% of total revenues, up 9 pts vs. FY 2024 Net profit of $3.9 million, up 254% year-over-year, or fully diluted EPS of $0.02 Cash flow from operating activities of $7.3 million Liquidity of approximately $16 million as of March 31, 2025 Fourth Quarter Highlights Total revenues of $8.6 million, down 15% vs. Q4 2024 Royalties of $2.2 million, up 5% year-over-year Adjusted EBITDA margin1 of 18%, up 12 pts vs. Q4 2024 Net profit of $0.7 million MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. ('D-BOX' or the "Company") (TSX: DBO) today reported financial results for its fourth quarter and full year ended March 31, 2025. 'In Q4 2025, D-BOX delivered robust performance with strong royalty growth, improved profitability, and a resilient core business,' said Brigitte Bourque, Chair of the Board. 'For the full fiscal year 2025, the Company achieved record revenues and net income, driven by the strength of our royalty-focused model and disciplined expense control.' Q4 and Full-Year 2025 Operating Results In Q4 2025, total revenues were $8.6 million, down 15% year-over-year, primarily reflecting the earlier-than-expected fulfillment of Theatrical system sales in Q3, partially offset by growth in Simulation training and Sim racing markets. The $3.4 million decline in Theatrical system sales was partially offset by strong growth in royalties and Sim racing. Royalties increased by 5 percent to $2.2 million, driven by an expanded global footprint reaching 1,012 screens, up 9% from the previous year, as well as successful Hollywood content with blockbusters in the fourth quarter including Captain America: Brave New World, Sonic the Hedgehog 3 and Mufasa: The Lion King. Simulation and training and Sim racing customer groups also grew 47% and 108% year-over-year, respectively, in the fourth quarter. Total revenues also benefited from favourable movements in currency exchange rates. For the full year, D-BOX reported record total revenues of $42.8 million, up 8% compared to fiscal 2024. Excluding the impact of our exit from the direct-to-consumer (DTC) hardware market, FY 2025 revenue would have increased by just over 10% year-over-year. Royalties reached $11 million, accounting for an increased 26% share of the Company's revenue mix. Adjusted EBITDA1 for the year totaled $7.3 million, representing an 18% Adjusted EBITDA margin1, reflecting prudent cost control. Net profit was $3.9 million, with operating cash flow of $7.3 million. Given the inherent variability and seasonality of quarterly sales, we emphasize the importance of assessing the Company's performance on a trailing twelve-month basis. (Amounts are in thousands of Canadian dollars) Q4 2025 Q4 2024 Var.($) Var. (%) FY 2025 FY 2024 Var.($) Var. (%) Revenues from System sales Theatrical 992 4,443 (3,451) (78%) 10,362 11,305 (943) (8%) Simulation and training 2,408 1,635 773 47% 8,606 8,825 (219) (2%) Sim racing 2,682 1,290 1,392 108% 10,020 7,112 2,908 41% Other 286 685 (399) (58%) 2,771 3,656 (885) (24%) Total system sales 6,368 8,053 (1,685) (21%) 31,759 30,898 861 3% Rights for use, rental and maintenance ("royalties") 2,241 2,126 115 5% 11,028 8,699 2,329 27% Total Revenues 8,609 10,179 (1,570) (15%) 42,787 39,597 3,190 8% Leadership Transition As announced on June 4, 2025, the Board appointed Naveen Prasad as Interim CEO, effective June 10, following the departure of Sébastien Mailhot. 'It has been an incredible journey over the past five years,' said Sébastien Mailhot. 'I am very proud of how we have grown revenues and significantly improved profitability while building a team that is now well-positioned for the future. I leave knowing that D-BOX has tremendous opportunities ahead. I wish Naveen and the broader team continued success.' 'We are confident that Naveen will be effective driving the next phase of strategic growth and value creation for all stakeholders,' added Ms. Bourque. Balance Sheet and Liquidity D-BOX closed fiscal 2025 in a position of financial strength, with $7.3 million in operating cash flow, low-cost total debt of $1.2 million, and available liquidity including the undrawn line of credit, of approximately $16 million. SUPPLEMENTAL FINANCIAL DATA - UNAUDITED (Amounts are in thousands of Canadian dollars) Q4 2025 Q4 20242 Var. (%) FY 2025 FY 20242 Var. (%) Total Revenues 8,609 10,179 (15%) 42,787 39,597 8% Gross profit 4,661 4,734 (2%) 22,327 18,660 20% Operating expenses 3,875 4,052 (4%) 17,991 17,005 6% Operating income 786 682 15% 4,336 1,655 162% Adjusted EBITDA1 1,578 620 155% 7,311 3,056 139% Financial expenses 61 97 (37%) 452 590 (23%) Net profit 720 585 23% 3,858 1,058 265% Basic and diluted EPS 0.003 0.003 n.m. 0.017 0.005 260% Gross margin1 54% 47% 7 p.p. 52% 47% 5 p.p. Operating expenses as % of total revenues1 45% 40% 5 p.p. 42% 43% (1 p.p.) Operating margin1 9% 7% 2 p.p. 10% 4% 6 p.p. Adjusted EBITDA margin1 18% 6% 12 p.p. 17% 8% 9 p.p. Cash flows provided by operating activities 7,324 3,125 134% As at (in thousands of Canadian dollars) Mar. 31, 2025 Mar. 31, 2024 Total debt1 1,221 2,468 Cash and cash equivalents 7,812 2,916 Net cash (net debt) 1 6,591 448 Adjusted EBITDA (LTM) 1 7,311 3,056 Total debt to adjusted EBITDA (LTM) 1 0.2x 0.8x 1) Please refer to "non-IFRS and other financial performance measures" in this press release2) Results for the fourth quarter and full year 2024 reflect a $0.5 million one-time gain on the sale of an investment. n.m.= not meaningful This release should be read in conjunction with the Company's audited consolidated financial statements and the Management's Discussion and Analysis dated June 10, 2025. These documents are available at NON-IFRS AND OTHER FINANCIAL PERFORMANCE MEASURES D-BOX uses the following non-IFRS financial performance measures in its MD&A and other communications. The non-IFRS measures do not have any standardized meaning prescribed by IFRS and are unlikely to be comparable to similarly titled measures reported by other companies. Investors are cautioned that the disclosure of these metrics is meant to add to, and not to replace, the discussion of financial results determined in accordance with IFRS. Management uses both IFRS and non-IFRS measures when planning, monitoring and evaluating the Company's performance. The non-IFRS performance measures are described as follows: Adjusted EBITDA EBITDA represents earnings before interest and financing, income taxes and depreciation and amortization. Adjustments to EBITDA are for items that are not necessarily reflective of the Company's underlying operating performance. As there is no generally accepted method of calculating EBITDA, this measure is not necessarily comparable to similarly titled measures reported by other issuers. Adjusted EBITDA provides useful and complementary information, which can be used, in particular, to assess profitability and cash flow from operations. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenues. A reconciliation of net profit to Adjusted EBITDA margin is in the Company's Management's Discussion and Analysis dated June 10, 2025. Total Debt, Net Debt and Total Debt to Adjusted EBITDA Total debt is defined as the total bank indebtedness, long-term debt (including any current portion), and net debt is calculated as total debt net of cash and cash equivalents. The Company considers total debt and net debt to be important indicators for management and investors to assess the financial position and liquidity of the Company and measure its financial leverage. These measures do not have any standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Total debt to Adjusted EBITDA ratio is calculated as total net debt divided by the last four quarters Adjusted EBITDA. We believe that total debt to Adjusted EBITDA is a useful metric to assess the Company's ability to manage debt and liquidity. Supplementary Financial Measures Gross margin is defined as gross profit divided by total revenues. Operating expenses as a percentage of sales are defined as operating expenses divided by total revenues. Operating margin is defined as operating income divided by net sales. ABOUT D-BOX D-BOX creates and redefines realistic, immersive experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it's films, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with presence in Los Angeles and China. Visit DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS Certain information included in this press release may constitute 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Company, or the assumptions underlying any of the foregoing. In this document, words such as 'may', 'would', 'could', 'will', 'likely', 'believe', 'expect', 'anticipate', 'intend', 'plan', 'estimate' and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Company. Forward-looking information is provided in this press release for the purpose of giving information about Management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose. Forward-looking information provided in this document is based on information available at the date hereof and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The risks, uncertainties and assumptions that could cause actual results to differ materially from the Company's expectations expressed in or implied by the forward-looking information include, but are not limited to, international trade regulations; concentration of clients; dependence on suppliers; performance of content; exchange rate between the Canadian dollar and the U.S. dollar; ability to implement strategy; consumer preferences and trends; political, social and economic conditions; strategic alliances; credit risk; competition; access to content; technology standardization; future funding requirements; distribution network; indebtedness; global health crises; warranty, recalls and claims; dependence on key personnel and labour relations; legal, regulatory and litigation; intellectual property; security and management of information; and reputational risk through social media. These and other risk factors that could cause actual results to differ materially from expectations expressed in or implied by the forward-looking information are outlined under 'Risk Factors' in the Company's management's discussion and analysis for the period ended March 31, 2025, and discussed in greater detail in the most recently filed Annual Information Form dated June 10, 2025, a copy of which is available on SEDAR+ at Except as may be required by Canadian securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking information contained in this press release to reflect subsequent information, events, circumstances or otherwise. The Company cautions readers that the risks described above are not the only ones that could have an impact on it. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial may also have a material adverse effect on the Company's business, financial condition or results of operations. CONTACT INFORMATION Josh Chandler Chief Financial OfficerD-BOX Technologies Inc.514-928-8043jchandler@
