HDFC Q4 Earning Results | Profits fell by 21.97 % YoY | Net Interest Income rose 17 % YoY

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Reliance JIO: Three big deals in 3 weeks. Why?

"We have a very clear road map to becoming a zero-net-debt company within the next 18 months, that is by 31 March 2021," Mukesh Ambani (Chairman, Reliance industries) announced this in an annual general meeting (AGM) last year. He wants to bring the net-debt (not gross debt) from Rs 1,61,035 crore to zero by March 2021. He also set a target to grow the company's EBITDA by 15% annually over the next five years. Reliance was a debt-free company until 2012, but since then,debt has increased by 400%. Reliance's high net-debt: One of the primary reasons for the colossal debt of Reliance industries is the investment in Reliance Jio. The company has so far invested close to Rs 3 lakh crore in Jio, and the total debt grew by Rs 69,000 crore in just last year. Another reason is the Rs 1 lakh crore investment in the petrochemicals business in the last 10 years. ...

Stocky Lab 1: EBITDA vs Net Income

Revenue The total amount of income generated from the business. Gross Profit Gross profit is revenue minus the cost of goods sold. For Ex: If flipkart has a revenue of Rs 1 Crore and the actual cost of goods sold is Rs 80 Lakh; then the gross profit is Rs 20 Lakh. What is EBITDA? EBITDA means Earnings before Interest Expense, Tax, Depreciation & Amortization. When you remove Operational Expense which general administrative expense, salaries, research & development, etc. Let's break it down. 1. Interest Expense - This is the interest that needs to be paid for any borrowings/debt. This value does not include the principal amount of the debt, but only interest on it. 2. Tax - This is the corporate tax a company needs to pay on its earnings for the year to the government. 3. Depreciation - Companies that have assets like manufacturing plants, vehicles, machinery, etc when they are bought are considered assets in the balance sheet. But they are expensed over time. For Ex: If ...

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