The company has been consistently reducing its debt levels, which at the end of 2023-24 (FY24) stood at ₹3,932 crore against ₹ 4,781 crore a year ago. It paid off ₹958 crore in debt after a successful rights issue last year.
"We expect to post early teens revenue and Ebitda growth this year, and since the absolute figure of debt would not increase, we expect to pay off some debt by the end of this year (2023-24)," Piramal Pharma chairperson Nandini Piramal told Business Standard.
She said Piramal Pharma had not set any number to achieve in terms of debt reduction but is comfortable with a net debt-Ebitda ratio between 2X to 3X. The net debt-Ebitda ratio was around 5.6X at the beginning of FY24, and now is at 2.9X.
هذه القصة مأخوذة من طبعة May 14, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 14, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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