{"id":15422,"date":"2022-01-13T19:38:59","date_gmt":"2022-01-13T14:08:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-braithwaite-2\/"},"modified":"2022-01-14T10:08:04","modified_gmt":"2022-01-14T04:38:04","slug":"biz-braithwaite-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-braithwaite-2\/","title":{"rendered":"Braithwaite aims at Rs 2,500cr revenue, IPO by FY\u201926"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1662292931\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       Kolkata, Jan 13 (PTI) State-run Braithwaite &#038; Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2898072501\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said.<\/p>\n<p>        The PSU company under the administrative control of the Ministry of Railways is expecting to touch Rs 700 crore topline in the current fiscal.<\/p>\n<p>        \u201cWe have already achieved Rs 488 crore revenue till the third quarter (October-December) of the current financial year and are on track to post Rs 700 crore turnover by March. We are confident to have a topline of Rs 2,500 crore by FY26,\u201d Braithwaite &#038; Co Ltd chairman and managing director Yatish Kumar said.<\/p><div class=\"trade-content_5\" id=\"trade-1351096786\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        The company now has an order book of Rs 1,700 crore.<\/p>\n<p>        &#8220;We will go for listing to raise money via IPO after achieving a revenue of Rs 2,500 crore and a healthy profit for better valuation,&#8221; he said.<\/p>\n<p>        The PSU firm has diversified its operation from wagon manufacturing to consultancy and infrastructure building segment, which helped it register a five-fold increase in turnover in the last three years.<\/p>\n<p>        The company&#8217;s revenue in 2017-18 was Rs 130 crore with Rs 2.6 crore profit, and it clocked Rs 609 crore turnover in the last fiscal and a net profit of Rs 31 crore.<\/p>\n<p>         Kumar said the company is now a debt-free entity as it repaid loans worth Rs 50 crore from the government and banks.<\/p>\n<p>        The Kolkata-headquartered firm has been granted the Mini Ratna-I status, and such recognition will help it achieve the next phase of growth.<\/p><div class=\"trade-content-10\" id=\"trade-578131574\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        \u201cThis will help the board of Braithwaite take decisions for capital investment, technology joint ventures and strategic alliances,&#8221; the official said.<\/p>\n<p>        The Mini Ratna-I status will also facilitate Braithwaite to structure and implement schemes for human resource management and training, he added. PTI BSM BDC   BDC<\/p>\n<div class=\"trade-after-content\" id=\"trade-2407411364\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kolkata, Jan 13 (PTI) State-run Braithwaite &#038; Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,1516,31],"tags":[],"class_list":["post-15422","post","type-post","status-publish","format-standard","hentry","category-company-results","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Braithwaite aims at Rs 2,500cr revenue, IPO by FY\u201926 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-braithwaite-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Braithwaite aims at Rs 2,500cr revenue, IPO by FY\u201926\" \/>\n<meta property=\"og:description\" content=\"Kolkata, Jan 13 (PTI) State-run Braithwaite &#038; Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. 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