&w=3840&q=100)
Bikaji Q4 results: PAT dips 65.7% to ₹39.92 cr despite revenue stability
Snacks manufacturer Bikaji Foods International Ltd on Thursday reported a 65.7 per cent drop to Rs 39.92 crore in consolidated profit for the March quarter of FY25.
The company had posted a consolidated profit of Rs 116.28 crore in the January-March quarter a year ago, according to a regulatory filing from Bikaji Foods.
Its total revenue from operation was marginally down to Rs 613.62 crore in the March quarter against Rs 614.44 crore a year ago. Total expenses were up 20.71 per cent to Rs 568.80 crore in the quarter under review compared to the year-ago period.
For the financial year ended March 31, 2025, Bikaji Foods' net profit was down 26.23 per cent to Rs 194.34 crore, from Rs 263.46 crore a year ago.
In FY25, Bikaji Foods' total consolidated income rose 12.6 per cent to Rs 2,654.75 crore.
Bikaji Foods International is India's third-largest ethnic snacks manufacturer and the second-fastest-growing company in the Indian organized snacks market.
Shares of Bikaji Foods International Ltd on Thursday settled at Rs 712.70 on BSE, up 1.06 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
an hour ago
- First Post
'Willing to enhance dialogue': China on lifting export curbs on rare earth metals to India
China on Thursday signaled openness to talks with India over its export restrictions on rare earth materials, saying it is willing to strengthen dialogue and cooperation with relevant countries to help maintain stable industrial supply chains read more China on Thursday signaled openness to talks with India over its export restrictions on rare earth materials, saying it is willing to strengthen dialogue and cooperation with relevant countries to help maintain stable industrial supply chains. Beijing's recent curbs on the export of critical metals have disrupted manufacturing sectors globally, including in India, impacting industries such as automotive and semiconductor production. 'We are willing to enhance dialogue and cooperation with relevant countries and regions to jointly keep the stability of global industrial and supply chains,' Chinese Foreign Ministry spokesperson Lin Jian told PTI when asked whether China plans to lift its export restrictions on rare earth metals to India, especially as it has started approving export licences to the US and the EU. While offering no direct assurance, Lin reiterated that specific details should be addressed by the relevant Chinese authorities. STORY CONTINUES BELOW THIS AD Meanwhile, India's Ministry of External Affairs (MEA) said it is in contact with Chinese counterparts to ensure greater predictability in the supply chain, in line with international trade norms. 'We have been in touch with the Chinese side, the Chinese Ministry of Commerce and general administration of customs in early April, as you would be aware, had announced the decision to implement export controls on certain rare earth-related items. 'We are in touch with the Chinese side, both here in Delhi as also in Beijing, to bring predictability in supply chain for trade, consistent with international practices,' MEA spokesperson Randhir Jaiswal told reporters in response to a query on Thursday. On June 16, Indian Ambassador Pradeep Kumar Rawat met with Chinese Vice Minister Sun Weidong to discuss a range of bilateral issues, including shared concerns, PTI quoted a statement from China's foreign ministry. The meeting comes amid growing alarm in India over shortages of rare earth metals, crucial for the automotive, electronics, and renewable energy sectors. Reports from India have highlighted industry-wide disruptions stemming from China's recent export restrictions on these critical materials. China, which holds a dominant position in the global rare earths market, has recently begun selectively clearing export licences, particularly to the United States, following two days of high-level trade talks in London. The move came as both nations agreed to ease tensions, with US President Donald Trump declaring on Wednesday that a trade deal with China 'is done.' STORY CONTINUES BELOW THIS AD Rare earth elements, comprising 17 metallic elements, are vital for the production of magnets, batteries, and high-tech devices. While these metals are found in multiple countries, their extraction is expensive and environmentally hazardous, often leaving China as the preferred global supplier. According to the International Energy Agency, China accounts for 61% of global rare earth mining and 92% of processing output. Although China has opened dialogue with the US and EU to address concerns over supply shortages, it has yet to publicly respond to India's request for similar talks. In response, India's Ministry of External Affairs said it is engaging with the Chinese side to ensure stability and predictability in trade supply chains. Meanwhile, an Indian industry delegation, comprising representatives from the auto sector, is reportedly preparing to visit China to secure rare earth magnet imports for domestic manufacturers, sources in New Delhi said. With inputs from agencies
The Hindu
an hour ago
- The Hindu
A good fix: On the IRCTC and ticket booking
The e-ticketing system of the Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is one of India's most widely used e-commerce platforms. Crores of Indian rail commuters and passengers use it to book their tickets, which makes it imperative that the system is run robustly. The scale of the operation is revealing — on May 22, 2025, the IRCTC processed a staggering 31,814 tickets in 60 seconds to set a new record. Yet, the popular e-ticketing system, especially the Tatkal booking part, is plagued by issues. Extremely high demand during peak hours, particularly during the designated Tatkal booking window period, often leads to crashes and slow performance. A major concern is that the system is exploited by ticketing agents who use unfair automated tools (or bots), leading to rapidly dwindling ticket availability for passengers. These issues are what prompted the IRCTC to announce two major steps. The first was a major digital overhaul of the ticketing infrastructure using anti-bot systems to prevent unauthorised automated bookings — a measure that led to the de-activation of a whopping 2.5 crore suspect user IDs. Implementation of a content delivery network also helped improve website performance. In addition, Aadhaar verification is necessary immediately after a ticket is booked. The IRCTC has also mandated Aadhaar authentication for all Tatkal bookings, from July 1, along with OTP-based authentication. Authorised agents have been restricted from booking Tatkal tickets during the first 30 minutes of the booking window period. The idea behind an e-ticketing platform and the provision of Tatkal booking of tickets are to provide equitable chances for passengers to travel. Despite more train services having been introduced over the years by the Indian Railways, which is a state monopoly, demand far outstrips supply, and passengers have to rely on advanced booking and Tatkal tickets for their travel. When agents use bots to game the system, it kills the purpose of equity. Therefore, the IRCTC's steps will bring relief to passengers. That said, the Indian Railways must focus not only on easing the process of ticketing but also on elevating the passenger experience in terms of increasing its train and track capacity to fulfil travel demand, ensuring safety and enhancing its facilities. Seen in this context, while these ticketing fixes are important, the true test for the Indian Railways will be its ability to move beyond just technical and administrative solutions and undertake a fundamental expansion of its services to serve India's large passenger clientele. In a way, meaningful expansion to meet the demand will also obviate the need for reworking technological solutions yet again in the future.
Time of India
an hour ago
- Time of India
Air India crash set to trigger over Rs 1,000 crore insurance claims
MUMBAI: The crash of an Air India Boeing 787 Dreamliner in Ahmedabad has set off what may become India's costliest aviation insurance claim, with potential liabilities crossing Rs 1,000 crore, which is more than the total annual premium for the country's aviation sector. Tired of too many ads? go ad free now While the aircraft's age may help contain hull loss, the crash, which reportedly killed over 240 people and caused collateral damage on the ground near the airport, is expected to result in significant liability payouts. Air India has insured its fleet through a $20-billion aviation programme. Hull and liability coverage are split, with Tata AIG, a group company, underwriting part of the risk alongside other domestic insurers. The reinsurance structure is led by a global consortium including AIG, with participation from public sector entities such as New India Assurance and GIC Re. Shares of both fell following the incident by 4% and 3%, respectively. Amit Agarwal, CEO and MD at Howden India, said that aircraft damage would be covered under the aviation hull all-risk section, which insures the current valuation of the aircraft, including spares and equipment. The Dreamliner involved (registration VT-ABN), delivered in 2013, was insured for approximately $115 million in 2021. "Whether the damage is partial or total, the loss would be covered based on the value declared by the airline. " While the hull loss is substantial, liability claims are expected to be larger. "The liability section which is likely the most significant component of the loss, could amount to millions of dollars," said Agarwal, referring to passenger deaths and potential third-party claims from the crash site. Tired of too many ads? go ad free now Under the Montreal Convention of 1999, compensation to passengers is calculated in Special Drawing Rights (SDRs), with a current value of 1,28,821 SDRs, or roughly $1,71,000 per passenger. Further clarity came from Hitesh Girotra of Prudent Insurance Brokers, who estimates the hull value at around $75-80 million. "The liability on the operator will have multiple angles," he said. "The nationality of the passengers will determine the minimum liability under the Montreal Convention. "Additionally, there is third-party property damage liability, and possibly loss of civilian lives where the aircraft crashed." The scale and complexity of the claim reflect the evolving nature of aviation insurance. Narendra Bharindwal, president of the Insurance Brokers Association of India, offered a broader context: "Insurance coverage for large commercial aircraft such as the Boeing 787 is substantial and structured globally." He added, "Hull values can range between $200-300 million and liability cover for international routes often exceeds $500 million. " Air India's aviation programme, like others of its size, is reinsured across global markets. No single insurer bears the entire risk.
