BharatPe turns EBITDA positive
BharatPe Tuesday announced that it has turned EBITDA positive in October 2023.
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BharatPe Tuesday announced that it has turned EBITDA positive in October 2023.
The target indicates a potential 18.56% decline from the closing price of Rs. 61.40 on Friday.
CEO Vijay Sharma wrote to his shareholders, "I believe we should be operating EBITDA breakeven in next 6 quarters."
Moody's assumes Bharti's consolidated adjusted EBITDA to grow toward Rs 570 billion - Rs 585 billion by the end of the fiscal year 2022, which ends 31 March 2022 -- around 25 per cent increase over the fiscal year 2021's.
The company's focus continues to expand its renewable and distribution businesses and go green strategy in the present generation business.
The company’s profits before interest, tax, depreciation and amortisation (Ebitda) margin dwindled 338 bps year-on-year (YoY) to 13.8 per cent, largely due to greater raw material expenses.