Mon, Feb 5, 2024 1:39 PM
MC Interview | Equitas SFB targeting 25% credit growth in next few quarter
A Flip by Avya Verma
Avenue Supermarts, operator of DMart, is expected to report an 18% YoY revenue growth to Rs 16,016 crore for Q3FY25, with net profit estimated to rise 14-17%. Brokerages like Nuvama, Axis Securities, and Antique expect EBITDA growth of 12-16%. The company will announce its earnings on January 11. Store expansion and inflation drive growth.
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State-owned lender, Indian Overseas Bank has invited expression of interest from asset reconstruction companies (ARCs) for the sale of 46 non-performing loans accounts worth Rs 11,500 crore, according to the press release. The last date to submit the expression of interest is on January 18 and e-auction is scheduled on January 30. The process of due diligence will commence from January 10.
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Realty firm The Phoenix Mills Ltd on Thursday (January 9) reported strong growth for Q3 FY25 and the first nine months of FY25, driven by robust performance across its retail, hospitality, commercial office, and residential segments. Retail consumption for Q3 FY25 reached approximately ₹3,998 crore, marking a 21% increase compared to Q3 FY24.
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