Latest news with #Chennai-headquartered
Time of India
2 days ago
- Business
- Time of India
TVS Supply Chain Solutions narrows net loss by 83% QoQ to ₹3.9 crore in Q4FY25
TVS Supply Chain Solutions narrowed its consolidated net loss by 83.61per cent quarter-on-quarter to ₹3.9 crore in Q4FY25, compared to a consolidated net loss of ₹23.8 crore in Q3FY25. On a year-on-year basis, however, the Chennai-headquartered company swung into a loss in the fiscal fourth quarter that ended March 31, 2025. The company had posted a profit after tax (PAT) of ₹5.4 crore in Q4FY24. For the full fiscal year (FY) 2025, the company's net loss shrank by 83per cent year-on-year to ₹9.7 crore, compared to a net loss of ₹57.7 crore in FY24. TVS Supply Chain Solutions attributed this to its continued cost operational discipline, focused business development initiatives, and 'effective cost optimisation ' activities. The company's revenue from operations remained largely flat on a sequential basis at ₹2,498.8 crore in Q4FY25, compared to ₹2,444.6 crore in Q3FY25. For the full fiscal year, the company's revenue from operations increased by 8.6per cent year-on-year to ₹9,995.7 crore in FY25, up from ₹9,200 crore in FY24. 'We delivered a strong performance this year in a challenging macroeconomic environment. Our consistent focus on deepening engagement with marquee clients has been pivotal in driving our growth,' said Ravi Viswanathan, MD, TVS Supply Chain Solutions. Viswanathan added that the company won ₹1,009 crore of new contracts in FY25, underscoring the effectiveness of the company's business development initiatives. 'Our Global Fortune 500 customer base expanded from 78 to 91, a testament to the trust leading organisations place in our capabilities,' he said. Performance across segments The company operates through two segments: Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). The NS segment reported revenue of ₹1,078 crore in Q4FY25, up from ₹1,047 crore in the same quarter last year, reflecting a 3 per cent year-on-year growth. For the full year ended March 31, 2025, revenue from the segment reached ₹4,499 crore, representing a robust 13.6 per cent increase over FY24. In the ISCS segment, revenue grew 4.9 per cent in FY25. North America operations remained strong, contributing consistently to the segment's performance. The India portfolio stayed resilient and supported stronger bottom-line margins.
Time of India
3 days ago
- Automotive
- Time of India
MIL, AVNL granted Miniratna status after Operation Sindoor
Nagpur: Soon after Operation Sindoor, two key defence public sector undertakings (DPSUs), formed out of the ordnance factories three years ago, have been granted Miniratna status. The order by the ministry of defence classifies Pune-based Munitions India Limited (MIL) and Chennai-headquartered Armoured Vehicles Nigam Limited (AVNL) as Miniratna category-1 PSUs. PSUs are classified as Maharatna, Navratna, and Miniratna based on their importance and performance. Miniratnas are further divided into Category-I and II PSUs. MIL is engaged in making a whole gamut of ammunition and has units in Chandrapur and Bhandara in the region. Considering the exigency, the leaves of employees in MIL's Chandrapur and Khamaria (Madhya Pradesh) factories had been cancelled during Operation Sindoor. MIL also received substantial export orders recently. One of the highest-selling items was the 155 mm shell used in Bofors-like howitzers. AVNL is engaged in making battle tanks. With its flagship unit located at Avadi near Chennai, it also has a key facility making military vehicles at Jabalpur. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 오늘 신차장기렌트 가장 저렴한 견적서 딱 20장만 뽑아드립니다. 허위견적200%환불보상 더 알아보기 Undo The Vehicle Factory Jabalpur (VFJ) is one of the oldest units of the ordnance factory organisation. Lately, it started a project to revive the old Jonga jeep used by the army in the 1960s and 1970s. The ordnance factories were corporatised in 2021 as part of measures to improve their efficiency. As a PSU, the factories have to achieve financial self-sufficiency. Seven PSUs, including Yantra India Limited (YIL), which has its headquarters in Nagpur, were made out of the 41 ordnance factories.
The Hindu
4 days ago
- Business
- The Hindu
Chennai Petroleum Corporation gets govt nod for foray into retail marketing of petrol, diesel
Oil refiner Chennai Petroleum Corporation (CPCL) has received Government of India approval for a foray into retail marketing of petrol and diesel. Petroleum and Natural Gas Ministry conveyed the government's approval to the company to exercise retail marketing rights to market Motor Spirit (MS) and High Speed Diesel (HSD), CPCL informed stock exchange on Tuesday (May 27, 2025). Coming around the diamond jubilee celebrations of the Chennai-headquartered company, the retail licence paves way for CPCL's transformation from a standalone refiner to oil marketeer. A group company of the State-owned Indian Oil Corporation since 2002, CPCL has over the years enhanced capacity of its refinery in suburban Manali, near Chennai, to the existing 10.5 million tonne. It used to operate a smaller, 1 MT refinery in Nagapattinam that since has been dismantled to make way for a 9 million tonne refinery and petrochemicals project proposed as a joint venture between Indian Oil and CPCL. Prime Minister Narendra Modi laid the foundation for the refinery project in February 2021 and over time officials had told media about the progress of land acquisition. In March 2024, Indian Oil Board had approved a revision in cost of the Cauvery Basin Refinery and Petrochemicals project from ₹29,361 crore to ₹33,023 crore and a change in the capital structure of the JV to 75% for IOC and 25% for CPCL – from the earlier equal holding. CPCL (formerly Madras Refineries) would seek to capitalise on its brand identity as a major refiner on east coast and widely expected to initially consider setting up retail outlets for marketing petrol and diesel in the south India. When contacted, the company said there is little at this stage beyond the exchange filing to elaborate on the retailing foray. At present, the standalone refiner's products are marketed by parent IOC. After MRPL (Mangalore Refinery and Petrochemicals) got into fuel retailing, CPCL remains the only standalone refiner in the country. As per media reports, MRPL is eyeing 1,000 retail outlets and around 1 million tonnes of petrol and diesel sales by 2030. Fuel retailing will emerge as a stream of additional revenue for the Chennai-headquartered company though a lot depends on access to stocks after offtake by Indian Oil.
Time of India
21-05-2025
- Business
- Time of India
Neuberg, Star Imaging in joint venture to expand integrated diagnostics across Maharashtra
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Neuberg Diagnostics, a leading diagnostic service provider, formed a joint venture with Maharashtra-based Star Imaging , a leader in advanced medical imaging , to expand integrated diagnostic centres across the state, a top official said on Wednesday. In a press release, the Chennai-headquartered Neuberg Diagnostics noted that radiology and pathology have traditionally operated in silos. By bringing together multiple diagnostic modalities-radiology, pathology, wellness, and genomics-under one roof, integrated diagnostics improves accuracy and speeds up partnership between Neuberg Diagnostics and Star Imaging addresses this gap by offering a unified, patient-centric approach to diagnostics, the release added."At Neuberg Diagnostics, our mission has always been to make world-class diagnostic services accessible and affordable, regardless of geography. This joint venture with Star Imaging is a strategic step toward achieving that goal in Maharashtra," said GSK Velu, Chairman and Managing Director of Neuberg Diagnostics."By combining our strengths in pathology, radiology, wellness, and genomics, we are building one of the most comprehensive and technologically advanced diagnostic networks in the state. This partnership allows us to offer deeper diagnostic insights to clinicians and deliver better outcomes for patients," he on the expansion in Maharashtra, Velu said, "This collaboration lays a strong foundation for long-term investment, infrastructure development, and the democratisation of high-quality healthcare diagnostics."As part of the expansion plan, Neuberg aims to launch new integrated diagnostic centres in Pune, Nashik, Nagpur, Aurangabad, and other key cities in Maharashtra over the next two years."Our goal is to provide patients and clinicians with fast, accurate, and integrated diagnostic insights that enable early detection, precise treatment decisions, and improved health outcomes," said Star Imaging Director Ashish Atre."We are excited about the opportunity to scale this model across Maharashtra and bring advanced diagnostics closer to those who need it most," he added.
Deccan Herald
06-05-2025
- Business
- Deccan Herald
Sundaram Home Finance records Q4 net up 26% at Rs 71.57 crore
The Chennai-headquartered company had registered a net profit of Rs 56.80 crore during the corresponding quarter of last financial year.
