Business
Cosmo Films Q2 net profit up 84% to Rs 53 crore
Cosmo Films Ltd has announced a 83.65 percent expansion in united net benefit to Rs 52.71 crore in the subsequent quarter finished September. The organization had posted a combined net benefit of Rs 28.70 crore in July-September quarter a year back, Cosmo Films said in a BSE documenting.
Its income from tasks was at Rs 559.78 crore, up 0.69 percent, during the quarter under survey as against Rs 555.91 crore in the relating quarter of the past monetary.
The organization posted most elevated ever EBITDA (profit before interest, charges, devaluation, and amortization) of Rs 99 crores during Q2 FY21 on the rear of higher forte deals and better working edges from a year ago, said Cosmo Films.
Deals volume, which was affected in Q1 FY21 because of COVID-19, standardized during Q2 FY21 and is relied upon to remain so in the accompanying quarters, notwithstanding unanticipated conditions because of the pandemic, it added.
Remarking on the standpoint, Cosmo Films CEO Pankaj Poddar stated: “The organization is set to additionally develop the claim to fame films business as we are empowering some enormous creation lines to make strength items from Q4FY21. Changeover may possibly affect the creation volume in Q3FY21.
We keep on gaining great ground on the supportability ventures began in the past quarter which will contribute towards the improvement of the climate and cost legitimization in the coming quarters,” he added. Cosmo Films’ absolute costs in Q2 FY21 was at Rs 493.68 crore as against Rs 522.68 crore, down 5.54 percent.
Cosmo Films is a main arrangements supplier in the bundling, cover, naming and manufactured paper sections.
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Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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