Business News

New Delhi, Coffee Day Enterprises Ltd has reported a narrowing of its consolidated net loss to Rs 114.16 crore in the fourth quarter ended March 2025. It had reported a loss of Rs 296.40 crore in the January-March period a year ago, according to a regulatory filing from Coffee Day Enterprises Ltd (CDEL) on Thursday. Its revenue from operations grew 7 per cent to Rs 268.03 crore in the March quarter of FY25. The same stood at Rs 250.65 crore in the year-ago period. Total expenses of CDEL were Rs 313.54 crore in the March quarter, up 24 per cent. Coffee Day's total income, which includes other income, rose 8.35 per cent to Rs 279.23 crore during the period under review. For the financial year ended on March 31, 2025, CDEL also reduced its net loss to Rs 143.20 crore against Rs 307.43 crore a year ago. In FY25, CDEL's total consolidated income was marginally up to Rs 1,125.64 crore. Shares of Coffee Day Enterprises Ltd on Friday settled at Rs 31.77 apiece on the BSE, down 3.23 per cent.

New Delhi, Mining conglomerate Vedanta Ltd on Friday said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The committee approved issuance of 5 lakh unsecured, rated, listed, redeemable NCDs of face value of Rs 1 lakh each on a private placement basis, as per a regulatory filing by Vedanta. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to Rs 5,000 crore," the filing said. The issue will be listed on the BSE. Mining major Vedanta Ltd reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore in the March quarter driven by lower production costs and higher volumes. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company during the January-March period rose to Rs 41,216 crore from Rs 36,093 crore in the year-ago period, Vedanta had said in a BSE filing. As on March 31, 2025, the company's gross debt stood at Rs 73,853 crore. Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. Speaking with PTI, Vedanta CFO Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end." Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources, critical minerals, energy, and technology companies spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan with significant operations in sectors like oil and gas, zinc, lead, silver, copper, iron ore and steel. PTI