Apart from the financial services, the company has telecom, through Idea Cellular, which has been making profits. Its BPO unit has generated cash profit but on the net level, it was in the red. Its garments unit turned around on the EBIDTA level but not on the net levels. Carbon black unit is doing very well and so is fertilsiers (Indo-Gulf), rayon (Indian Rayon) and insulators.
For H1FY10, the company posted a 64% rise in net sales at Rs.10252 crore. EBIDTA was up 47% at Rs.748.80 crore. It continued to remain in the red, net loss was at Rs.33.80 crore but this was much lower than the net loss of Rs.132.90 crore it posted in H1FY09.
For now, the unlocking of financial services value would keep the stock price high.