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5 min read | Updated on August 18, 2025, 08:45 IST
SUMMARY
Stocks to Watch: Shares of Dixon Technologies will be on investors' radar on Monday, August 18, as the electronics contract manufacturer has formed a ₹370 crore joint venture (JV) for display module manufacturing with Chinese company HKC Overseas.
The GIFT NIFTY futures indicate that the the NIFTY50 index will open 267 points higher. | Image: Shutterstock
The Centre has sent its proposal, which removes 12% and 28% slabs, to the panel of state finance ministers on GST rate rationalisation. They will now discuss it and place it before the GST Council. The council is expected to meet next month.
Its net debt stood at ₹3,269 crore at the end of last fiscal.
According to its latest investor presentation, the company's debt-to-equity ratio has risen to 0.26 from 0.19, but it is still at a very comfortable level.
In a conference call with analysts, Godrej Properties MD and CEO Gaurav Pandey said, "From a debt perspective, we have laid out an absolute cap that we would like to look at for net debt of ₹10,000 crore. So, we do have a fair amount of room, and even that would only take us to about 0.5 or a little bit above that range."
It had posted a consolidated net profit of ₹41.59 crore in the year-ago period, a BSE filing showed.
Total income rose to ₹862.56 crore during the quarter from ₹654.64 crore in the same period a year ago.
The Vodafone Idea (VIL) board approved the elevation of Chief Operating Officer Abhijit Kishore to the position of Chief Executive Officer with effect from August 19. He replaces Akshaya Moondra, whose three-year tenure ends on August 18.
VIL's finance cost increased by about 7%, or ₹374 crore, on a year-over-year (YoY) basis to ₹5,892.8 crore from ₹5,518.6 crore seen a year earlier, which added to the loss of ₹6,426.7 crore it posted in June 2024 quarter, according to a company filing.
The licence fees and spectrum usage charges payable to the government increased by about 6% to around ₹947 crore during the reported quarter from around ₹892 crore a year ago.
Revenue from operations of Vodafone Idea (VIL) increased by about 5% to ₹11,022.5 crore during the quarter under review from ₹10,508.3 crore in the year-ago period, mainly on account of a 15% increase in average revenue per user (ARPU) to ₹177 in the reported quarter from ₹154 in June 2024 quarter.
Indian Oil's revenue from operations during the first quarter rose 1% to ₹2.19 lakh crore from ₹2.16 lakh crore in the year-ago period.
The company reported strong operational performance, as its EBITDA (earnings before interest, taxes, depreciation, and amortisation), also known as operating profit, jumped 46% annually to ₹12,607 crore.
The company’s total income stood at ₹98 crore, marking a 79% increase from ₹55 crore recorded in the same period last year. EBITDA rose 61% to ₹48 crore from ₹30 crore in the same period last year.
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