Zetwerk’s loss before exceptional items and tax narrowed to Rs 81 crore from Rs 121 crore. Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 31% to Rs 421 crore, although its margin slipped to 2.65% from 2.85%, showing that profitability remained thin.

Zetwerk plans an IPO to raise up to $400M-$550M at a $4B valuation, with SEBI approval secured and Goldman Sachs among the lead banks for the

Zetwerk Manufacturing Businesses files updated IPO papers to raise ₹2,600 crore, with ₹1,800 crore earmarked for debt repayment and funds for acquisitions.