Radico Khaitan logs nearly two-fold rise in Q4 standalone net profit

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New Delhi, June 1 | Spirit maker Radico Khaitan has nearly doubled its standalone net profit for the January-March quarter, on a year-on-year basis, at Rs 73.55 crore.

During the same period of FY20, the company had posted a standalone net profit of Rs 38.44 crore.

Its revenue from operations for the quarter under review increased 30.4 per cent to Rs 2,881.19 crore.

For the financial year 2020-21, Radico Khaitan reported a 19 per cent growth in its standalone net profit at Rs 270.56 crore.

Chairman and Managing Director Lalit Khaitan said: “We are delighted to report a robust operational and financial performance during the year FY2021 which started on an otherwise challenging note. Immediately after the nationwide lockdowns started to ease out in May 2020, our operations rebounded very quickly and we also saw improvement in the industry performance on a quarter-on-quarter basis.”

“During Q4 FY2021, the company experienced year-on-year growth in most of the top markets that it operates in.

“Through the second half of FY2021, we had seen sustained improvement in various macroeconomic indicators demonstrating a strong economic revival which coupled with supportive monetary and fiscal policy framework had positioned India for a strong recovery,” Khaitan added.

Managing Director Abhishek Khaitan said: “We are confident that this is a temporary phase of uncertainty but as soon as this is over, we shall see a strong recovery in our sale volumes. With our focus on operational efficiencies and strategic investments behind our brands, we are very well positioned for another successful year ahead.”

Source: IANS

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Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with others.

The number of casualties are still unknown and local police has ascertained only three rescued and searches are on for others.

Along with General Rawat, his wife Madhulika Rawat, Brigadier L.S. Lidder, Lieutenant Colonel Harjinder Singh, Naik Gursewak Singh, Naik Jitender Kumar, Naik Vivek Kumar, Naik B. Sai Teja, Havaldar Satpal and pilots were travelling in the chopper.

Confirming about General Rawat presence, Indian Air Force tweeted, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

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The force said that an inquiry has been ordered to ascertain the cause of the accident.

The rescued suffered serious injuries and have been taken to Wellington cantonment.

Source: IANS

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Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with 14 others.

The number of casualties are still unknown and local police have ascertained only three rescued and searches are on for others.

Emergency rescue teams have been rushed to the spot.

 Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

Confirming about General Rawat’s presence, Indian Air Force said, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

The force said that an inquiry has been ordered to ascertain the cause of the accident.

The rescued suffered serious injuries and have been taken to Wellington cantonment.

Source: IANS

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