Information is Wealth. ⬇️
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Table of Contents
1.New Work Order
Ramkrishna Forgings Ltd. announced the approval of a Scheme of Amalgamation on July 24, 2024, involving the merger of its wholly-owned subsidiary, ACIL Limited, with itself. The appointed date for the scheme is set for February 20, 2024. The Greater Chennai-based merger aims to consolidate operations, enhance operational efficiencies, and achieve cost competitiveness. The entire assets and liabilities of ACIL will be transferred to Ramkrishna Forgings Ltd. at their carrying values, and no new shares will be issued as ACIL is wholly owned by the parent company. This strategic move is expected to optimize capital allocation, expand market reach, and eliminate related party transactions, ultimately benefiting shareholders, creditors, and employees. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a97f9e63-0868-45fd-9b3c-7feaac2cc98a.pdf |
South West Pinnacle Exploration Ltd received a work order from Hindalco Industries Ltd for coal exploration services in Odisha, with an order value of approximately INR 536 Lac. The order includes mobilization of equipment within two weeks and payment by Hindalco within 30 days of bill submission. The contract is with a domestic entity, to be executed within 37 weeks from the date of intimation, and involves no related party transactions or interests from promoters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f81e31c-edf4-46bf-a37e-044caefd1ba2.pdf |
Rail Vikas Nigam Ltd has received a Letter of Acceptance from SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY for a significant project. The project involves the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation, Sectioning posts (SPs), and Sub-sectioning posts (SSPs) in a 2x25KV system on the Rajkhaswan-Nayagarh-Bolani section of the Chakradharpur division. This project aims to meet a 3000MT loading target on an EPC (Engineering, Procurement, and Construction) mode and is valued at Rs 191,53,74,279.51. The project is expected to be completed within 18 months. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1962f24b-b2bb-4bce-8dfb-1b0ca4dfb296.pdf |
CG-VAK SOFTWARE & EXPORTS LTD. recently communicated about litigation compliance under Regulation 30 of SEBI LODR, 2015. The suit filed by Mr. K. Manickam in O.S. No. 1086/2021 sought an injunction against proposed resolutions at the Annual General Meeting. The case was dismissed by the Hon'ble Principal Subordinate Judge of Coimbatore with no expected financial implications. |
Gujarat Toolroom Ltd. has recently secured a significant impex order worth ₹1.5 billion, with an operating profit margin expected to range between 5% and 10%. The company is actively pursuing more domestic impex opportunities and anticipates additional orders in the near future. This development highlights the company's commitment to expanding its market presence and enhancing shareholder value. |
2. Buy BacksUpdater Services Ltd has increased its shareholding in Athena BPO Private Limited from 57% to 62% following a buyback of shares by Athena from its promoter shareholder. This transaction did not involve Updater Services Ltd directly. |
Godawari Power & Ispat Ltd. completed the extinguishment of 21,50,000 fully paid-up equity shares of Rs. 5 each under its buyback offer, reducing its paid-up share capital from 13,59,44,988 to 13,37,94,988 shares. The buyback period was from July 4, 2024, to July 10, 2024. Post-buyback, the shareholding pattern includes 63.44% held by promoters and promoter group, 8.34% by foreign investors, 2.01% by financial institutions, and 26.39% by others. The extinguishment was confirmed by Link Intime India Private Limited and the National Securities Depository Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/50f21441-be74-4047-9159-56292c2017f8.pdf |
Welspun Living Ltd reported robust financial performance for Q1 FY25, with a 17% YoY growth in total income reaching ₹**25,885 million**. The company's EBITDA for the quarter stood at ₹**3,935 million**, reflecting a 15.2% YoY increase. Net profit after tax (PAT) grew by 14.8% YoY to ₹**1,855 million**. |
LADDERUP FINANCE LTD. recently held a Board Meeting on July 24, 2024. During the meeting, several key decisions were made. The company approved the unaudited financial results for Q1 ending June 30, 2024. |
Welspun Living Ltd reported robust financial performance for Q1 FY25, with a total income of ₹**25,885 million**, reflecting a 17% YoY growth. The EBITDA for the quarter stood at ₹**3,935 million**, marking a 15.2% YoY increase. The PAT grew by 14.8% YoY to ₹**1,855 million**. The company also announced a buyback proposal for 1,26,55,970 equity shares at ₹**220 per share**, amounting to ₹**278.44 crore**. additionally, Welspun Living Ltd has acquired 100% equity in Welspun Home Textiles Limited to explore expansion opportunities. The net debt as of June 30, 2024, was ₹**15,620 million**, showing a reduction from ₹**18,153 million** in June 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a382b22-6325-44b6-83d0-d72f0388242a.pdf |
3. Business UpdatesGoel Food Products Ltd recently increased its authorized share capital from Rs. 4,00,00,000 to Rs. 19,0,00,000 by creating an additional 15,00,00,000 equity shares of Rs. 10 each. This change was approved at the 28th Annual General Meeting held on July 22, 2024. The amendment to the Capital Clause of the Memorandum of Association was also approved during this meeting. The company informed the Listing Department of BSE Limited about these updates as per SEBI regulations. The Managing Director, Dinesh Goyal, digitally signed the communication on July 24, 2024. |
Ortin Laboratories Ltd, now known as Ortin Global Limited, underwent a name change as per SEBI (LODR) Regulations, 2015. The company's Corporate Identification Number (CIN) is L24110TG1986PLC006885. The change was officially certified by the Government of India Ministry of Corporate Affairs. The new name, Ortin Global Limited, is reflected in the company's incorporation certificate. Stakeholders are advised to verify the latest status of the company on the Ministry of Corporate Affairs website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ec649e84-5079-4083-9600-8464cde42cf2.pdf |
SHEKHAWATI POLY-YARN LTD. has officially changed its name to Shekhawati Industries Limited. The name change was approved by the Registrar of Companies on July 23, 2024. The new name is now in effect. This rebranding signifies a significant transformation for the company. (SHEKHAWATI POLY-YARN LTD._7/24/2024_147, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/33385535-4607-4850-9e56-1ef1ed255a25.pdf |
Equinox India Developments Ltd (formerly known as Indiabulls Real Estate Limited) has announced the delisting of its 3,84,534 Global Depository Receipts (GDRs) from the Luxembourg Stock Exchange. This decision was made due to the inactiveness of the GDR program and the negligible trading volume. The Board of Directors has approved the termination of the deposit agreement, subject to compliance with all applicable requirements. (Shekher Joshi, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/730418a9-08e6-4b2a-87a4-6265dcc36983.pdf |
4. FDA ObservationAlembic Pharmaceuticals Ltd. has received final approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Fluphenazine Hydrochloride Tablets USP in strengths of 1 mg, 2.5 mg, 5 mg, and 10 mg. This approval confirms the therapeutic equivalence of Alembic's product to the reference listed drug, Prolixin Tablets by Apothecon Inc. The tablets are indicated for managing psychotic disorders. |
Sun Pharmaceutical Industries Ltd. received a Warning Letter from the USFDA for its Dadra facility, as initially intimated on June 19, 2024. The contents of this Warning Letter have since been made public by the USFDA. Despite this, the company has stated that there is no impact on its financials, operations, or other activities. Sun Pharma is actively working with the USFDA to resolve the outstanding issues. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7a87616b-80f6-4986-be20-eec782ff6539.pdf |
India Home Loan Ltd. is a non-deposit taking Housing Finance Company catering to the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) in semi-urban and urban India. The company's Asset Under Management (AUM) has seen a significant decline from INR 223 Crores in June 2020 to INR 64 Crores in December 2023. |
5. Investor PresentationsKPIT Technologies Ltd reported robust financial performance for Q1 FY25, showcasing a 21.1% EBITDA margin and a 31.0% Y-o-Y EBITDA growth. The company achieved a 23.1% Y-o-Y revenue growth, driven by strong performance in Middleware, Powertrain, and Asia. Net profit surged by 52.4% Y-o-Y, reaching ₹2,042 million, including a one-time gain. KPIT Technologies secured $202 million worth of new engagements and maintained a healthy pipeline across practices. The company also launched EcoVoyage 2030, emphasizing its commitment to sustainability and a cleaner, smarter, and safer world. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e8af085-a7ca-4836-834d-bad9b661a39b.pdf |
AURIONPRO SOLUTIONS LTD. is a global company with a market capitalization of USD 1 billion and INR 887 crore revenue in FY24. They have a wide presence in the banking and fintech industry in Asia, with 300+ clients and 2,400+ employees. The company is recognized as a global leader in Credit Lending Operations and has won several awards for its innovative solutions. Their focus areas include Transaction Banking, Lending Suite, Transit Solutions, and Platform Services, offering advanced technology solutions across various sectors. With a strong financial performance and a track record of success, AURIONPRO SOLUTIONS LTD. continues to drive digital innovation in the industry(To, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/7a8453f3-e9fe-4e39-b537-1124c9d2a481.pdf |
PDS Ltd reported a robust performance for Q1 FY2024-25, showcasing a 24% growth in topline to ₹2,621 crore and a 34% increase in PAT to ₹31 crore. The company's Gross Merchandise Value (GMV) surged by 28% year-over-year to ₹3,898 crore. Notably, the order book grew by 24% to ₹4,813 crore, and the North American sales saw a significant 50% increase. The company also highlighted its strategic expansion in the US market and ongoing investments in new verticals, which have shown a 4x growth to $11 million. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e04ca978-26c9-44a1-be33-7f2db02d891e.pdf |
Schaeffler India Limited recently released an Investor Presentation on July 24, 2024, in compliance with SEBI regulations. The presentation included details about awards and accolades received in Q2 2024, such as the Best Quality Award, Special Appreciation Award, Certificate for part design & development, and Vendor Managed Inventory Award. The company operates in the Pune, Maharashtra region and is associated with the BSE Limited and National Stock Exchange of India Limited. The presentation emphasized the company's achievements and commitment to quality and innovation(Schaeffler et al., n.d). https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ab0377f-5ffb-455f-8b1e-f1dba61cdd80.pdf |
SBI Life Insurance Company Ltd reported robust performance for the quarter ended June 30, 2024. The company achieved a 13% growth in New Business Premium (NBP) to ₹70.3 billion, and a 17% increase in Individual New Business Premium to ₹47.5 billion. The Annualized Premium Equivalent (APE) grew by 20% to ₹36.4 billion, with the agency channel showing a significant 45% growth. The Profit After Tax (PAT) surged by 36% to ₹5.2 billion, and the Value of New Business (VoNB) increased by 12% to ₹9.7 billion, with a VoNB Margin of 26.8%. The company's Assets under Management (AuM) grew by 26% to ₹4.1 trillion, indicating strong financial health. https://www.bseindia.com/xml-data/corpfiling/AttachLive/971aa2e8-8eef-49e3-86c2-fc9fe06e770c.pdf |
EPACK Durable Ltd reported a significant growth in Q1-FY25, with operating income surging by 77.2% YoY to INR 7,737 Mn and net profit increasing by 169.0% YoY to INR 234 Mn. |
Mahindra Lifespace Developers Ltd. reported its Q1 FY2025 financial results, highlighting a total sales value of Rs. 1,095 crore. Residential sales contributed Rs. 1,019 crore and IC&IC leasing revenues were at Rs. 76 crore. The company achieved a sales volume of 1.17 million square feet in the residential segment and leased 18.8 acres in the IC&IC segment. The gross development value (GDV) additions for Q1 FY2025 stood at Rs. 1,400 crore. The net debt to equity ratio was reported at 0.21, reflecting a strong financial position. The company aims to drive profitable growth to Rs. 8,000 - 10,000 crore in sales by 2028. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6044bab4-8eef-4e0e-8afd-4c18ccbc9e59.pdf |
ICRA LTD. reported strong financial performance in Q1 FY2025, with consolidated revenue increasing from ₹**102.7 crore** in Q1 FY2024 to ₹**114.8 crore**. The company's profit after tax also rose from ₹**35.9 crore** to ₹**40.6 crore** during the same period. |
CMS Info Systems Ltd reported a consolidated revenue growth of 17% YoY in Q1-FY25, reaching ₹**512 Crore**(**CMS Info Systems Ltd**\_7/24/2024\_23, n.d.). The company's EBITDA for Q1-FY25 was ₹**239 Crore**, a 31% increase from Q1-FY24(**CMS Info Systems Ltd**\_7/24/2024\_23, n.d.). PAT for the same period was ₹**99 Crore**, reflecting a growth of 13%(**CMS Info Systems Ltd**\_7/24/2024\_23, n.d.). CMS Info Systems Ltd has a strong track record of delivering high revenue and earnings growth, with a CAGR of 20% in revenue from FY21 to FY24(**CMS Info Systems Ltd**\_7/24/2024\_23, n.d.). The company continues to expand its market presence through strategic initiatives in cash logistics, managed services, and AIoT solutions(**CMS Info Systems Ltd**\_7/24/2024\_23, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/54e82af9-a800-4b28-8d8b-0bfc26761fdd.pdf |
SIS Ltd reported its Q1 FY25 earnings, showcasing a consolidated revenue of ₹**3,129.9 crore**, a 5.1% year-over-year growth. The Security Solutions - India segment achieved a revenue of ₹**1,337.5 crore**, growing 8.8% y-o-y, while the Security Solutions - International segment reported ₹**1,276.0 crore**, a 2.7% y-o-y increase. The Facility Management Solutions segment saw a revenue of ₹**530.3 crore**, up 2.2% y-o-y. The Cash Logistics Solutions segment led with a robust 12.0% y-o-y revenue growth, reaching ₹**171.2 crore**. Despite challenges, the company maintained a consolidated EBITDA of ₹**137.4 crore**; however, there was a slight 1.2% decrease y-o-y. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a565f018-5eff-4218-94f9-f6d583a12e24.pdf |
Aditya Birla Sun Life AMC Ltd reported robust financial performance for the quarter ended June 30, 2024. The company's Total Revenue stood at ₹**4.8 billion**, with a Profit After Tax of ₹**3.0 billion**. The Mutual Fund AUM reached ₹**3,525 billion**, with an Equity AUM of ₹**1,621 billion** and Individual AUM of ₹**1,857 billion**. The company also saw significant growth in SIP flows, increasing to ₹**212.6 billion** in June 2024. The market share for the company was reported at 6.7%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a6e61162-2cd2-43c2-8318-0fe0494e8e9c.pdf |
Jindal Steel & Power Ltd. reported robust financial performance in Q1FY25 with a gross revenue of ₹**15,788 Cr** and an adjusted EBITDA of ₹**2,831 Cr.** (JINDAL STEEL & POWER LTD._7/24/2024_34, n.d.) |
Bikaji Foods International Ltd. reported strong financial performance for Q1FY25, with a 40.2% increase in PAT to INR 581 million and a 33.9% gross margin. The company achieved 16.2% underlying volume growth, driven by a 17.1% growth in the snacks category. |
V-GUARD INDUSTRIES LTD. reported a consolidated net revenue of Rs. 1,477 crore for Q1 FY25, marking a 21.6% YoY increase. The company's EBITDA grew by 48.7% YoY to Rs. 155.77 crore, with EBITDA margins expanding by 190 bps to 10.5%. The PAT increased by 54.1% YoY to Rs. 98.97 crore. Non-South markets contributed 50.9% of total revenues, showing a 29.5% YoY growth. The company also reported a net cash position of Rs. 136.48 crore as of June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/332bc916-e37b-45bb-bad7-2579480c4d61.pdf |
Jindal Steel & Power Ltd. reported a gross revenue of ₹**15,788 Cr** for Q1FY25, reflecting a 9% YoY increase from ₹**14,539 Cr** in Q1FY24 (Bse et al., n.d.). The adjusted EBITDA for the quarter stood at ₹**2,831 Cr**, up from ₹**2,704 Cr** in the same period last year (Bse et al., n.d.). The company achieved a net profit of ₹**1,338 Cr** in Q1FY25, compared to ₹**1,692 Cr** in Q1FY24 (Bse et al., n.d.). |
Federal Bank Ltd has shown remarkable financial performance with a highest ever Quarterly Net Profit of ₹**1,010 Cr** and Operating Profit of ₹**1,501 Cr** in Q1 FY25. The bank has demonstrated sustained business momentum with broad-based robust credit growth, significant advances in deposits, and impressive profitability metrics. Notably, the bank has achieved substantial growth in various sectors, including retail, business banking, corporate and institutional banking, and more. Additionally, the bank has highlighted its strong balance sheet growth, deposit growth, net advance growth, and other key financial indicators, showcasing its robust position in the market(**Federal Bank Ltd**. 7/24/2024, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/a040b874-9205-416e-bebc-83a27c8e0e81.pdf |
PG Electroplast Ltd. is a leading Indian Electronic Manufacturing Services (EMS) provider with a strong focus on growth and innovation. The company's consolidated revenue guidance for FY 2025 is at least INR 3650 crores, representing a significant growth of 32.9% over FY 2024. Net profit guidance stands at INR 216 crores, a growth of 57.7% over the previous year. The company is strategically planning capex for FY 2024 in the range of 350 - 380 crores to enhance manufacturing capabilities and expand its product offerings, particularly in the AC and WM segments. (PG ELECTROPLAST LTD._7/24/2024_69, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b02208a-695a-4a80-8486-44b76700acc2.pdf |
Karnataka Bank Ltd. presents its financial highlights for Q1 FY25, showcasing key record of business turnover, Deposits, Gross NPA, Net NPA, NII, NIM %, PAT, ROA, ROE, PCR, and more. The bank emphasizes targeted performance improvement to boost returns with specific goals for various financial metrics like Cost of Funds, NIM %, Cost to Income %, ROA %, NNPA, and CASA. Additionally, the bank focuses on driving excellence in proven core competencies, including tradition with innovation, outbound sales culture, startup-like agility, and more, to enhance its overall performance and stakeholder value. (Head Office, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/e6acc5d5-079b-4b0c-a1cf-bf0e1fdf0ee5.pdf |
MAS Financial Services Ltd has shown resilience and growth despite challenges like demonetization, GST, and the NBFC liquidity crisis. The company has maintained a healthy return on assets (ROA) of 2.75% - 3.00% and return on equity (ROE) of 16% - 18%. With a strong liability management strategy, the company has a capital adequacy ratio of 28.59% as of June 2024, well above the regulatory norms. MAS has a diversified product portfolio including Micro Enterprise Loans, SME Loans, Two-Wheeler Loans, Commercial Vehicle Loans, and Salaried Personal Loans. The company aims to grow its Assets Under Management (AUM) by 20% to 25% in the medium to long term. (Bhayani, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc45c6eb-5527-4eeb-8b1f-31f1783208e4.pdf |
Sportking India Ltd is a prominent company with a strong global presence, showcasing a well-diversified product range for both summer and winter wear. They focus on delivering high-quality yarns adhering to international standards, ensuring customer satisfaction. The company holds a significant market share due to its competitive pricing strategy and efficient manufacturing operations. With a robust manufacturing infrastructure and advanced technologies in place, Sportking India Ltd has a solid foundation for continued growth and success in the textile industry. |
Sona BLW Precision Forgings Ltd presented its Investor Presentation for the quarter ending on 30th June 2024, in compliance with SEBI regulations. The presentation includes an overview of the company, its operations, and unaudited financial results. |
AXIS BANK LTD. reported a Q1FY25 net profit of ₹**6,035 crores**, marking a 4% YoY increase. The bank's Net Interest Income (NII) grew by 12% YoY to ₹**13,448 crores**, with a Net Interest Margin (NIM) of 4.05%. Total deposits rose by 13% YoY to ₹**10,62,484 crores**,\* while advances increased by 14% YoY to ₹**9,80,092 crores**. The Gross NPA ratio stood at 1.54%,\* and the Net NPA ratio was 0.34%. The Capital Adequacy Ratio (CAR) was 16.65%,\* with a CET 1 ratio of 14.06%. (Source: AXIS BANK LTD._7/24/2024_) |
Tatva Chintan Pharma Chem Ltd reported a revenue from operations of ₹**1,055 million** for Q1 FY25, reflecting an 8% YoY decline. The EBITDA for the same period was ₹**126 million**, a 41% YoY decrease, with EBITDA margins at 12.0% compared to 18.7% in Q1 FY24. |
Ramkrishna Forgings Ltd. reported significant growth in Q1FY25, with revenue from operations reaching ₹**100,502 lakhs**, a 13% increase YoY. The company secured a substantial order inflow of ₹**1,679 crore** to be executed over four years, including a notable undercarriage business order from a metro car in the railway segment. The Board approved the merger of ACIL Limited and the acquisition of Resortes Libertad, S.A. de C.V. in Mexico, enhancing strategic growth and market expansion. The company is also focused on increasing its EV business revenue share and expanding its global presence. https://www.bseindia.com/xml-data/corpfiling/AttachLive/17debdde-9674-4b85-90e4-62ccddfde742.pdf |
DCB Bank Limited reported robust financial performance for Q1FY25, with total business surpassing INR 90,000 crores. The bank achieved a Net Interest Income (NII) of INR 497 crores, reflecting a 5% YoY growth. Deposits grew by 20.19% YoY to INR 51,690 crores, while advances increased by 18.90% YoY to INR 42,181 crores. The Gross Non-Performing Assets (NPA) stood at 3.33%, and the Net NPA at 1.18%. The Provision Coverage Ratio was maintained at 76.00%. The bank's Capital Adequacy Ratio was 15.95%, indicating strong capital health. https://www.bseindia.com/xml-data/corpfiling/AttachLive/40980c68-5825-447b-8630-862c421ae478.pdf |
Syngene International Ltd reported a Q1 FY25 revenue of Rs 7,897 Cr, reflecting a 2% YoY decline. The EBITDA margin stood at 23.3%, down from 28.3% in Q1 FY24, with PAT before exceptional items at Rs 55 Cr. The company has a robust infrastructure with campuses in Bangalore, Hyderabad, and Mangalore, and a workforce of 8,146, including 5,656 scientists. |
Welspun Living Ltd reported robust financial performance for Q1 FY25, achieving a total income of ₹25,885 million, reflecting a 16.9% YoY growth. The company's EBITDA stood at ₹3,935 million with a margin of 15.2%, and PAT (Profit After Tax) was ₹1,855 million, marking a 14.8% YoY increase. The Home Textile segment contributed 91% to the revenue, while the Flooring segment accounted for 9%. Welspun's net debt was reduced to ₹15,620 million, showcasing a significant improvement in financial health. The company also emphasized its commitment to ESG practices, with 62% of cotton sourced sustainably and substantial energy savings. https://www.bseindia.com/xml-data/corpfiling/AttachLive/42cd186f-33c3-4d98-b7e9-00bc41c24acd.pdf |
TIPS INDUSTRIES LTD. has demonstrated robust financial performance in Q1FY25, with a 40% increase in revenue from operations, reaching ₹73.9 Cr compared to the previous year. The company maintains a debt-free status with ₹262 Cr in cash and investments. Notably, 79% of its revenue is generated through digital platforms, and it boasts a significant presence on YouTube with 104 million subscribers. The company follows a unique strategy of writing off 100% of content costs in the quarter of release, ensuring no future write-offs. Additionally, TIPS Industries has a strong track record of rewarding shareholders, with a total payout of ₹72.18 Cr in FY25 through dividends and buybacks. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d394a685-0fe2-4cea-8829-5dad9df892b3.pdf |
Heritage Foods Limited, a leading integrated dairy company in India, was founded in 1992 and has a rich legacy of 32 years. The company operates across 12 states and serves over 1.5 million households daily. It has 18 state-of-the-art milk processing plants with a capacity of 2.78 million liters per day and benefits over 300,000 farmers through various development activities. |
Epigral Ltd reported its highest-ever quarterly revenue of ₹**651 Cr** in Q1FY25, marking a 43% YoY and 24% QoQ growth. The company's EBITDA surged by 85% YoY to ₹**176 Cr**, with a margin of 27%. PAT rose by 172% YoY to ₹**86 Cr**. |
Poly Medicure Ltd. has shown robust financial growth, with revenue increasing from ₹**923.06 Cr** in FY 2022 to ₹**1375.79 Cr** in FY 2024, reflecting a CAGR of 22%. The company's EBITDA margin improved to 30.49% in FY 2024, up from 27.46% in FY 2022. PAT rose to ₹**258.26 Cr** in FY 2024, marking an 18.77% margin. The stock has delivered a 109.48% return over the past three years, significantly outperforming the Sensex. Market capitalization reached ₹**18527.76 Cr** in Q1 FY25. The company has also focused on sustainable practices, achieving a 6.14% HSD saving and generating 13,92,089 KWH of solar power. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ccc47c8-aaa5-4dd1-bceb-03b8d8ee3412.pdf |
SRF LTD. reported its Q1 FY25 results, showcasing a 3.8% increase in gross operating revenue to ₹**3,464.1 crore** compared to Q1 FY24. However, EBITDA declined by 11.7% to ₹**645.9 crore**, with an EBITDA margin of 18.6%. The chemicals business, contributing 42.7% to revenues, saw a 10.8% drop in segment revenues to ₹**1,482.0 crore**. The packaging films business experienced a 22.1% revenue growth to ₹**1,336.3 crore**, while the technical textiles business grew by 13.1% to ₹**525.3 crore**. The company continues to focus on innovation, cost efficiencies, and expanding its product portfolio to drive future growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0d1a9d8e-cd02-457b-935a-8811d9201886.pdf |
Federal Bank Ltd. reported its highest-ever quarterly net profit of ₹1,010 Cr** and operating profit of ₹1,501 Cr** for Q1 FY25, reflecting a 35% QoQ growth. The bank's net interest income grew by 19% YoY to ₹2,292 Cr, while fee income surged by 22% YoY to ₹652 Cr. Total deposits increased by 20% YoY to ₹266,065 Cr, with core deposits forming 98% of the total. The bank maintained a robust asset quality with GNPA at 2.11% and NNPA at 0.60%. Additionally, Federal Bank's digital transactions saw a 34% YoY growth, with 93.60% of total transactions processed digitally in June 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/22732306-5671-43d9-b2f4-48cb330a8df2.pdf |
Go Fashion (India) Ltd is a leading women's bottom wear brand in India with a diversified product portfolio and a strong unit economics model. They have a multi-channel distribution network with a focus on Exclusive Brand Outlets (EBOs) and a robust supply chain management system. The company has a demonstrated track record of strong financial performance and a leadership position in the women's bottom wear market. |
PONDY OXIDES AND CHEMICALS LIMITED (POCL) is a company based in India that recently released its Q1FY25 Investor Presentation in July 2024. The presentation includes detailed financial information such as Total Income, EBITDA, PBT, PAT, and EPS figures for the quarter. The company emphasizes forward-looking statements in the presentation, highlighting potential risks and uncertainties. Additionally, the management team, including Chairman Anil Kumar Bansal and Managing Director Ashish Bansal, is focused on robust management practices and HR assets, with a diverse and experienced team in place. (National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. CIl, G Block, Bandra Kurla Complex, Bandra (E), Mumbai -400 051 National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. CIl, G Block, Bandra Kurla Complex, Bandra (E), Mumbai -400 051 Bandra Kurla Complex, Bandra.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/18aee093-e900-4f74-8400-eef7a88e58d3.pdf |
Eiko Lifesciences Ltd is undergoing a significant transaction involving an open offer by its promoters, including M/s Lenus Finvest Private Limited and individual promoters Mr. Siddhant Laxmikant Kabra, Mr. Laxmikant Ramprasad Kabra, Mr. Bhavesh Dhirajlal Tanna, and M/s Laxmikant Kabra HUF. The offer aims to acquire up to 36,03,716 shares, representing 26.00% of the expanded voting share capital, at an offer price of ₹**53.10** per share. This acquisition is valued at approximately ₹**19.13 crore** payable in cash. The offer is in compliance with SEBI regulations and is not conditional upon a minimum level of acceptance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/03E94C02-0C7D-4F88-A4D3-8299692EC641-161225.pdf |
Indiabulls Housing Finance Ltd (now known as Sammaan Capital Limited), has issued a First and Final Call Money Notice for the payment of ₹**100** per partly paid-up equity share. The notice comprises ₹**1.33** towards face value and ₹**98.67** towards premium. The notice is directed to shareholders holding partly paid-up equity shares as of the record date, July 22, 2024. The payment period is from August 8, 2024, to August 22, 2024. Shareholders can make payments through various modes including online ASBA, physical ASBA, 3-in-1 accounts, and cheque/demand draft. Failure to pay by the due date will result in interest charges and potential forfeiture of shares. Detailed instructions and forms are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e3628146-d9bc-4c4e-934f-335452235f8b.pdf |
SEPC Ltd has disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the allotment of 15,38,46,153 fully paid-up Equity Shares. These shares, each with a face value of ₹10, were issued on a rights basis at an issue price of ₹13 per share, which includes a premium of ₹3 per share. The Rights Issue Committee approved this allotment on July 24, 2024, during a meeting that commenced at 6:55 PM and concluded at 7:25 PM (**SEPC Ltd_7/24/2024_22**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/f75d1fa2-4d5a-4b2e-bd04-7ba58eb4efa0.pdf |
Heubach Colorants India Ltd recently announced positive business operations stabilization and momentum for the upcoming year. The company reported revenue of Rs.1,734 Mn in Q1 FY25, compared to Rs. 2,049 Mn in Q4 FY24, with an EBITDA margin of 7.6% in Q1 FY25.On a Year-on-Year basis, revenue was Rs.1,734 Mn in Q1 FY25 versus Rs. 2,093 Mn in Q1 FY24, with an EBITDA margin of 7.6% in Q1 FY25 against 12.5% in Q1 FY24. Heubach Colorants India Ltd is focused on delivering value to customers and progressing in sustainability and innovation, expecting positive momentum in future performance(Sahu, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/5afd8bfe-3756-46c2-aefe-828bc3888116.pdf |
ISMT LTD. is undergoing a Scheme of Arrangement and Merger with Kirloskar Ferrous Industries Limited as per the Companies Act, 2013. The scheme involves a share exchange ratio of 17 Transferee Company Shares for every 100 equity shares of ISMT LTD. The merger aims to enhance the asset base, revenues, and service range of Kirloskar Ferrous Industries Limited. The scheme is approved by the National Company Law Tribunal, Mumbai, and is expected to bring benefits of forward integration and diversification to the business. https://www.bseindia.com/xml-data/corpfiling/AttachLive/63361a96-e5eb-4e56-abae-b842d728b628.pdf |
Kirloskar Ferrous Industries Ltd. has announced an update regarding the Scheme of Arrangement and Merger with ISMT Limited. The National Company Law Tribunal (NCLT), Mumbai, sanctioned the merger unsigned int32 Jul ii, 2024. The merger, effective from April 1, 2023, involves a share exchange ratio where shareholders of ISMT Limited will receive 17 shares of Kirloskar Ferrous for every 100 shares held. This merger aims to enhance business sustainability, create stakeholder value, and optimize costs through consolidation and synergy. The combined entity will benefit from increased scale, expanded reach, and improved financial operations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/784729fd-31be-4184-a1d4-39a418aa8829.pdf |
KPIT Technologies Ltd held a Board Meeting on July 24, 2024, where they approved the un-audited consolidated and standalone financial results for the quarter ending June 30, 2024. The company also announced the merger of Future Mobility Solutions GmbH (FMS) with KPIT Technologies GmbH, enhancing delivery capabilities and market reach. Additionally, KPIT increased its shareholding in N-Dream AG, a Swiss cloud-based game aggregation platform, to 26%, with an option for further acquisition. This strategic move aims to bolster KPIT's offerings in the automotive software integration and validation sector. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27a72d71-9091-4806-9b3e-deab5b9ab949.pdf |
SHEKHAWATI POLY-YARN LTD. had a Board of Directors meeting on 24th July, 2024, where they approved the Un-audited Financial Results for the Quarter ended 30th June, 2024. The company changed its name to Shekhawati Industries Limited, as per the New Certificate of Incorporation received on 23rd July, 2024. The financial results for the quarter ended 31st March 2024 were reviewed and approved by the Board of Directors. The company operates in the textile business segment and the financial results were prepared in accordance with Indian Accounting Standards and SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/35aabc9b-ced9-4410-b1ea-a81c6850fe74.pdf |
KEC International Ltd. secured new T&D orders worth Rs. 1,422 crores for projects in India and the Americas, including: |
6. Preferential BasisLCC Infotech Ltd. has announced an Open Offer for the acquisition of up to 3,29,14,271 equity shares (26% of the voting share capital). The offer is priced at ₹**3.51** per share, totaling ₹**11.55 crore**. |
LCC Infotech Ltd. is undergoing a significant transaction involving an open offer for the acquisition of up to 3,29,14,271 equity shares, representing 26% of its voting share capital, by Shreeram Bagla and Rachna Suman Shaw at ₹**3.51** per share(_7/24/2024_50, n.d._). The acquirers will gain control over the company, becoming its new promoters, while the current promoters, including Kirti Lakhotia and Sidharth Lakhotia, will relinquish their shares and control(_7/24/2024_50, n.d._). The total consideration for the shares acquired under the Share Purchase Agreement is ₹**20,36,97,873**, with the open offer amounting to ₹**11,55,29,091.21**(_7/24/2024_50, n.d._). The tendering period for shareholders to accept the offer will last for 10 working days(_7/24/2024_50, n.d._). https://www.bseindia.com/xml-data/corpfiling/AttachLive/785B7DC8-ECB7-452C-B5BC-C41BFCA49E52-182547.pdf |
Kothari Industrial Corporation Limited (KICL) has announced a board meeting scheduled for July 29, 2024, to consider a proposal for issuing equity shares through a preferential allotment. This move is in accordance with SEBI regulations and the Companies Act, 2013, and will require shareholder approval at an extra-ordinary general meeting. The trading window for KICL securities has been closed from July 1, 2024, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/224a0f29-d6b7-4556-8254-8a45d60b586e.pdf |
Natural Biocon (India) Ltd held a Preferential Allotment Committee meeting on July 24, 2024, where they approved the allotment of 17,00,000 equity shares at a price of Rs. 13.50 per share, including a premium of Rs. 3.50 per share. The company received Rs. 2,29,50,000 from four proposed allottees: Aarnah Capital Advisors Private Limited, Aventez Media & Technologies Limited, Satyasur Marketing Private Limited, and Copo Holdings Private Limited. The trading window for the company's equity shares will remain closed until 48 hours after the announcement of the meeting's outcome. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8d3031c2-6e50-447f-855f-9f217b94bfc5.pdf |
Associated Alcohols & Breweries Ltd. has announced a Board of Directors meeting scheduled for Saturday, 27th July, 2024 at their Indore office to consider and approve the Unaudited Financial Results (UFR Q1) and Limited Review Report for the first quarter ended 30th June, 2024. Additionally, the board will discuss the raising of funds through the issuance of warrants convertible into equity shares on a preferential basis, and set the date and time for an Extraordinary General Meeting (EGM) to seek shareholder approval for this proposal. The trading window for dealing in the company's securities has been closed from 1st July, 2024 until 48 hours after the board meeting concludes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/174bf2ab-2d26-4d51-a67c-aea26fded823.pdf |
VIP Clothing Ltd announced the outcome of its Allotment Committee meeting held on July 24, 2024. The committee approved the allotment of 35,50,000 equity shares at a face value of Rs. 2 per share, following the conversion of an equivalent number of equity warrants. These warrants were initially issued on a preferential basis under SEBI regulations. The equity shares will rank pari-passu with existing shares and will be issued in dematerialized form, subject to a lock-in period as per SEBI guidelines. The meeting commenced at 6:00 p.m. and concluded at 9:05 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e397427e-cb8b-41dd-b92d-72cf0eb24dd3.pdf |
Welcure Drugs & Pharmaceuticals Ltd. held a Board of Directors meeting on July 24, 2024. During the meeting, the company approved the conversion of 3,30,0,000 warrants into an equal number of equity shares at a face value of Rs. 10 each. This conversion was done on a preferential basis for the "Non-Promoters/Public Category" upon receiving Rs. 24,75,0,000, which is 75% of the issue price per warrant. The allottees include Ankush Rajkumar Dabhane, Rahul Ratansingh Sikarwar, and others, with each receiving a significant number of shares. Post-conversion, the new equity shares will rank pari-passu with the existing shares, and 6,60,0,000 warrants remain outstanding for future conversion. https://www.bseindia.com/xml-data/corpfiling/AttachLive/54581be8-446f-4ed2-b49f-2381f6fe1e19.pdf |
KRITI INDUSTRIES (INDIA) LTD. has received 'In-principle' approval from both BSE Ltd. and National Stock Exchange of India Limited for the issuance of up to 94,61,480 warrants. The warrants will be issued at a price of Rs. 158.50 per warrant, which are convertible into equity shares of Rs. 1/- each at a premium of Rs. 157.50 per share. The approval letters were received on July 24, 2024. |
Shoora Designs Ltd has scheduled a Board Meeting on Saturday, 27th July 2024. The agenda includes a proposal for fund raising through a preferential issue or private placement of securities for cash. The determination of the issue price is subject to necessary regulatory and shareholder approvals. Additionally, the Board will address other incidental and ancillary matters as decided by the Chairperson. In compliance with SEBI regulations, the trading window for dealing in the company's shares is closed from the date of this notice until 48 hours after the conclusion of the Board Meeting. https://www.bseindia.com/xml-data/corpfiling/AttachLive/75f4dbd5-261c-4249-952a-851235dedde6.pdf |
7. Press ReleasesEPACK Durable Ltd reported a consolidated revenue of INR 7,737 million for Q1 FY25, marking a 77% YoY growth. The company's EBITDA stood at INR 517 million with an EBITDA margin of 6.68%, and a net profit of INR 234 million, reflecting a 169% YoY increase. The significant revenue growth was driven by the operationalization of the Sricity plant, new customer acquisitions, and the introduction of new products. The air conditioner product segment contributed 86% of the total product revenue, growing by 82% YoY. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2db01fdc-ecb9-4d17-bcb7-b0908d60d020.pdf |
PDS Ltd reported its Q1 FY25 financial results, showcasing a robust performance with a 24% growth in topline and a 34% increase in PAT. The company achieved a 28% rise in Gross Merchandise Value, reaching ₹3,898 Cr, and Revenue from Operations grew to ₹2,621 Cr. Gross Profit saw a significant 38% increase, amounting to ₹545 Cr. The order book remains strong at $576 Mn, reflecting a 24% growth over the previous year. The US business continues to expand, with new fast fashion clients onboarded. This strategic focus on leveraging its global sourcing network and enhancing operating efficiency for sustainable growth is underscored by the onboarding of these new clients. https://www.bseindia.com/xml-data/corpfiling/AttachLive/286272fe-b6b6-4415-a3cd-3b71774cf836.pdf |
Aditya Birla Sun Life AMC Ltd announced its unaudited financial results for the quarter ending June 30, 2024. The company achieved its highest-ever quarterly profit with a Profit before Tax of Rs. 3.0 billion, up 27% year-on-year, and a Profit after Tax of Rs. 2.4 billion, up 28% year-on-year. Total revenue for Q1 FY25 stood at Rs. 4.8 billion, marking a 24% increase year-on-year. The overall QAAUM, including alternate assets, grew by 19% year-on-year to Rs. 3,676 billion. The Equity Mutual Fund QAAUM increased by 37% to Rs. 1,621 billion. The company also registered around 838,700 new SIPs, witnessing a 310% year-on-year growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a828de38-79ed-4e62-a06a-3e5cafc8e20c.pdf |
CMS Info Systems Ltd reported a robust 17% year-over-year revenue growth for Q1 FY25, reaching INR 599 Crore. The company's Adjusted EBITDA stood at INR 164 Crore, reflecting an 8% increase, while Adjusted PAT grew by 13% to INR 99 Crore. The Cash Logistics Business saw a 10% revenue growth to INR 387 Crore, and the Managed Services & Technology Solutions Business experienced a significant 31% revenue increase to INR 239 Crore. Notably, CMS Info Systems Ltd secured two key mandates for technology solutions from a leading bank and won a large unified 'Build & Operate' mandate for bank branch surveillance transformation across 2000 locations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0884d614-270f-4cb1-b874-aa051ee3247e.pdf |
SIS Ltd. reported its unaudited financial results for Q1 FY25, showcasing a 5.1% Year-over-Year (YoY) increase in revenue to ₹3,129.9 crore. The EBITDA for the quarter stood at ₹137.4 crore, reflecting a 1.2% YoY decline. |
Bikaji Foods International Ltd. reported robust financial performance for Q1FY25, showcasing a revenue growth of 18.7% YoY to Rs. 5,722 million, driven by a volume increase of 16.2% YoY. The company's EBITDA surged by 39.2% YoY to Rs. 916 million, achieving a margin of 16.0%, while Profit After Tax (PAT) rose by 40.2% YoY to Rs. 581 million. The ethnic snacks segment, constituting 75.3% of overall revenue, grew by 16.0% YoY, and the western snacks segment saw a significant growth of 26.0% YoY. Bikaji also expanded its direct market coverage by approximately 20.7k outlets in Q1, aiming to reach 3.5 lakh outlets by FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8c1638cc-7859-4434-b73f-34f36489db24.pdf |
Apeejay Surrendra Park Hotels Ltd has announced the opening of its iconic bakery and confectionary brand Flurys' first tearoom in Mumbai on July 24, 2024. This marks the 84th outlet of Flurys in India, featuring a seating capacity of about 100 covers with both indoor and outdoor areas. The tearoom will offer signature breakfasts, sandwiches, pastries, and cocktails. The company plans to expand Flurys to 100 outlets by the end of H1 and 120 by the end of the financial year, with a 25% business growth and industry-leading margins of 18%. |
HFCL Ltd has announced its un-audited financial results for Q1 FY25, showcasing a quarterly revenue of ₹**1066 Crores**, EBIDTA of ₹**177 Crores**, and PAT of ₹**114 Crores**. The company has achieved a significant milestone by being recognized by the European Commission as the only Indian company exempt from anti-dumping duties on optical fiber cables. |
Oracle Financial Services Software Ltd. reported robust financial results for Q1 FY 2024-25. The company achieved consolidated revenue of Rs 17,414 crore, marking a 19% YoY increase. Net income rose by 23% YoY to Rs 6,167 crore. |
PG Electroplast Ltd. announced its results for the quarter ended June 30, 2024, with impressive financial highlights: |
HINDUSTAN ZINC LTD. launched EcoZen, Asia's first low carbon ‘green’ zinc product on July 24, 2024. This sustainable zinc brand has a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced, about 75% lower than the global average. The product is aimed at both domestic and international markets, with a focus on reducing carbon emissions and providing superior corrosion resistance for applications in sectors like steel, automotive, infrastructure, renewable energy, electronics, and more. HINDUSTAN ZINC LTD. is committed to decarbonizing its operations and aims to achieve Net Zero emissions by 2050. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c3631f71-867a-4fc8-b033-6040f307423a.pdf |
Hitachi Energy India Ltd announced its Q1 FY25 results on July 24, 2024, showcasing significant growth trends. Key highlights include a strong order growth, a revenue increase of 27% YoY (Year-on-Year), an Op EBITDA surge of 95% YoY (Operating Earnings Before Interest, Taxes, Depreciation, and Amortization), and a record order backlog of INR 8,539.4 crore. The company's operational EBITDA, excluding certain orders, was INR 61.5 crore with a margin of 4.6%. Hitachi Energy India Ltd emphasized its focus on renewables, HVDC (High Voltage Direct Current), data centers, and the electrification of transport for future growth opportunities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e75177a-2faa-416b-b8f6-e5143467f1e2.pdf |
JK PAPER LTD. reported a Consolidated Turnover growth of 8% to Rs. 1804.47 Cr for the quarter ended June 2024. The company recorded an EBITDA of Rs. 309.33 Cr and a Profit after Tax (PAT) of Rs. 139.72 Cr. |
Indian Energy Exchange Ltd announced its unaudited financial results for the quarter ending June 30, 2024. The company reported a 21.3% year-on-year increase in revenue to Rs 154.5 crore and a 27.2% year-on-year increase in consolidated profit after tax to Rs 96.4 crore. |
KARNATAKA BANK LTD. reported a record Q1FY25 Net Profit of Rs. 400.33 Crore, with a YoY growth rate of 7.99%. The bank achieved its highest Business turnover at Rs. 1,75,619 crores, a YoY growth of 17.10%. Additionally, the Aggregate deposits increased to Rs. 1,00,164 crores, with a YoY growth of 15.18%. The Gross advances stood at Rs. 75,455 crores, showing a YoY growth of 19.75%. The bank's operating profit was Rs. 558.59 crores, and Net Interest Income was Rs. 903.36 crore as of June 30, 2024. |
MAS Financial Services Ltd announced its unaudited financial results for the quarter ending June 30, 2024. The company reported a consolidated Assets under Management (AUM) of ₹10,383.59 Crores and a Profit after Tax (PAT) of ₹70.43 Crores for the same period. This reflects a growth of 23.35% in AUM and 20.02% in PAT compared to the previous year. |
Sona BLW Precision Forgings Ltd, a prominent automotive technology company, recently announced its unaudited Standalone and Consolidated Financial Results for the quarter ending June 30th, 2024. The company reported impressive financial performance with a 22% YoY revenue growth, reaching Rs. 893 crores. Notably, their Battery Electric Vehicles (BEV) revenue surged by 53% YoY, contributing 33% to the total revenue. Additionally, the company achieved an EBITDA of Rs. 251 crores with a margin of 28.1% and a PAT of Rs. 142 crores, reflecting a 23% and 27% YoY growth respectively. (Singh, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/dbad105e-5325-433e-80df-1c25a94326d6.pdf |
AXIS BANK LTD. reported a Q1FY25 net profit of ₹**6,035 crores**, a 4% YoY increase. The bank's Net Interest Income (NII) grew 12% YoY to ₹**13,448 crores**, with a Net Interest Margin (NIM) of 4.05%. Total deposits increased by 13% YoY to ₹**10,62,484 crores**,* while advances grew 14% YoY to ₹**9,80,092 crores**. The Gross NPA ratio improved to 1.54%, and the Net NPA ratio stood at 0.34%. The Capital Adequacy Ratio (CAR) was 16.65%, with a CET 1 ratio of 14.06%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b996e02d-f565-4215-8ac7-1ece11323017.pdf |
Ramkrishna Forgings Ltd. reported a steady performance in Q1 FY25 with a 4% increase in revenue to Rs. 868 crores and a 7% rise in EBITDA to Rs. 201 crores. |
CG Power and Industrial Solutions Ltd has announced the acquisition of a 55% stake in G G Tronics Private Limited (GGT) for up to INR 319.38 crores. This strategic move aims to expand CG's Railway product portfolio and leverage GGT's expertise in Electronic Safety Embedded Signalling Systems, including the '**KAVACH**' Train Collision Avoidance System. The acquisition, expected to be completed by August 23, 2024, involves purchasing equity shares and subscribing to Compulsorily Convertible Preference Shares. |
DCB Bank Limited announced its unaudited financial results for Q1 FY 2025, showing a 3% increase in Profit After Tax (PAT) to INR 131 Cr compared to INR 127 Cr in Q1 FY 2024. The bank reported a 19% year-on-year growth in advances to INR 62,988 Cr and a 20% increase in deposits to INR 55,104 Cr. Gross Non-Performing Assets (NPA) stood at 3.33%, while Net NPA was at 1.18%. The Provision Coverage Ratio (PCR) was 76.00%, and the Capital Adequacy Ratio was 15.95% as per Basel III norms. As of June 30, 2024, total assets were INR 64,516 Cr, with deposits at INR 51,690 Cr and net advances at INR 42,181 Cr. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7cd6f394-250b-44cd-aee7-12e04e6d40a2.pdf |
Syngene International Ltd reported its first quarter results for FY25, showing a 2% year-on-year decline in revenue from operations to Rs. 790 Crore and a 19% drop in profit after tax to Rs. 76 Crore. The company's EBITDA margin decreased from 28% to 23%, and PAT margin fell from 11% to 9%. |
V-GUARD INDUSTRIES LTD reported a robust performance for Q1 FY 2024-25, with consolidated net revenue from operations reaching Rs. 1477.10 crores, marking a 21.6% increase from the previous year's Rs. 1214.76 crores. The company's profit after tax surged by 54.1% to Rs. 98.97 crores compared to Rs. 64.22 crores in the same period last year. |
TIPS Industries Ltd. reported a robust performance for the quarter ending June 30, 2024, with a revenue growth of 40% year-over-year (y-o-y), reaching ₹**73.9 crore**. The Profit After Tax (PAT) surged by 61% y-o-y to ₹**43.6 crore**. |
Aurionpro Solutions Ltd. reported impressive financial results for Q1 FY25, showcasing a 32% YoY revenue growth to INR 262 Cr and a 41% YoY increase in PAT to INR 45 Cr. |
Mahindra Lifespace Developers Ltd. reported its financial results for Q1 FY25, highlighting a pre-sales achievement of Rs. 1,019 crore and industrial land leasing of Rs. 76 crore. The consolidated total income stood at Rs. 206.7 crore, a significant increase from Rs. 110.1 crore in Q1 FY24. The consolidated PAT, after non-controlling interest, was Rs. 12.7 crore, compared to a loss of Rs. 4.3 crore in Q1 FY24. |
Sterlite Technologies Ltd. has announced the extension of its partnership with Netomnia, a rapidly growing network operator in the UK. Over the past five years, STL has deployed approximately 12,000 ckm of optical fibre cable, covering around 850,000 premises. This collaboration aims to enhance connectivity for underserved communities. |
CG Power and Industrial Solutions Ltd reported a significant financial performance for Q1 FY25, with sales growing by 19% YoY to INR 2,106 crores and PBT increasing by 27% YoY, marking the highest ever recorded in recent times. The company's EBITDA margin improved to 16.4% and PBT margin rose to 15.4%. The unexecuted order book stood at INR 7,054 crores as of June 30, 2024, reflecting a robust pipeline. |
Epigral Ltd reported a significant financial performance for Q1 FY2025, with a 172% increase in PAT to ₹**86 Cr** compared to ₹**32 Cr** in Q1 FY2024. The company's quarterly revenue surged by 43% to ₹**651 Cr**, driven by a 29% Year-over-Year (YoY) and 14% Quarter-over-Quarter (QoQ) volume growth. This growth was primarily from the Derivatives & Specialty business, which now contributes 53% to the revenue. EBITDA rose by 85% YoY to ₹**176 Cr**, with a margin improvement to 27%. |
Rane (Madras) Ltd. reported its Q1 FY25 financial performance, showing a total standalone revenue of ₹**522.3 crore**, a 1.8% decrease from ₹**532.1 crore** in Q1 FY24. |
Shalimar Productions Ltd. has announced a significant collaboration with Saga Studios and Kableone for the production of the highly anticipated Kableone Original web series, "Constable Harjeet Kaur". this partnership marks a strategic alliance between Saga Studios, the largest film studio in Punjab, and Kableone, a new global OTT platform. The project, directed by Simranjeet Hundal and featuring Sonia Mann in the titular role, promises an engaging and powerful viewing experience. |
Federal Bank Ltd. reported its highest ever quarterly net profit of ₹**1010 Cr** for the quarter ended June 30, 2024, marking an 18.25% year-on-year growth. The bank's total business reached ₹**486,871.33 Cr**, with total deposits increasing by 19.58% to ₹**266,064.69 Cr** and net advances growing by 20.34% to ₹**220,806.64 Cr**. Operating profit also hit a record high at ₹**1500.91 Cr**, while net interest income rose by 19.46% to ₹**2291.98 Cr**. Key financial ratios include a Return on Assets (ROA) of 1.27% and Return on Equity (ROE) of 13.64%, with Gross NPA and Net NPA reduced to 2.11% and 0.60% respectively. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f35e0a7c-a9a6-489b-8812-2f942135182c.pdf |
Go Fashion (India) Ltd reported strong financial performance for Q1 FY25. Total Revenue was Rs. 220.1 crores, with Gross Profit of Rs. 136.0 crores, EBITDA of Rs. 72.1 crores, and Profit After Tax (PAT) of Rs. 28.7 crores. The Company achieved a 16% year-on-year revenue growth, and maintained a full price sales ratio of 97%. Inventory days reduced to 87 days, and the company aims to open 120-150 new stores in FY25. Cash & Cash Equivalents stood at Rs. 220 crores as of June 30, 2024. (Source: Go Fashion (India) Ltd_7/24/2024_146, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/81151879-c7ec-4e10-ab46-415c37ea353f.pdf |
ECO RECYCLING LTD. is a leading e-waste recycling facility in India, authorized by CPCB & MPCB. The company specializes in recycling electrical & electronic waste since 2005. ECO RECYCLING LTD. plays a crucial role in critical mineral management and Extended Producer's Responsibility (EPR) support for producers. With a capacity of 7200 MTPA for e-waste and 6000 MTPA for Li-ion battery recycling, ECO RECYCLING LTD. has recently expanded to 18,000 MTPA for e-waste recycling. This demonstrates its commitment to sustainable practices and resource conservation. (**ECO RECYCLING LTD.**_7/24/2024_150, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/d6b2a178-ce82-4be5-bc23-b7a579b73c1c.pdf |
Fischer Medical Ventures Ltd (formerly known as Fischer Chemic Limited), has collaborated with Malaysia's Health Digital Technologies to launch their DoctorOnCall platform globally. This strategic partnership aims to expand teleconsultation services and e-prescription pharmacy offerings beyond Malaysia. |
Hi-Tech Pipes Ltd announces decarbonization of its manufacturing facilities, adding 5 MW of green power through rooftop solar and open access, along with the generation and captive consumption of green hydrogen gas. The company aims to achieve 60% decarbonization by 2030, aligning with India's goal of zero carbon emissions by 2070. |
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Hindustan Zinc Ltd. recently launched EcoZen, Asia's first low carbon 'green' zinc product, with a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced – 75% lower than the global average. This sustainable offering aims to reduce carbon emissions by about 400 kgs per tonne of steel galvanized. The company is focused on decarbonizing its operations and has set targets to reduce carbon emissions by 50% by 2030. Hindustan Zinc is committed to achieving Net Zero emissions by 2050 and is recognized for its sustainability efforts in the metals and mining industry. (HINDUSTAN ZINC LTD._7/24/2024_, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/adfc4f54-b2d4-49e3-b7c6-99de99d2e865.pdf |
Nestlé India Ltd. has entered into a joint venture with Dr. Reddy's Laboratories Limited (DRL), forming Dr. Reddy's and Nestlé Health Science Limited. |
ICICI Lombard General Insurance Company Ltd is a prominent insurance company with a strong presence in India. The company has shown significant growth in its turnover over the past few years, with a consolidated turnover of ₹**549.69 billion** in the financial year 2023-24. ICICI Lombard caters to both urban and rural customers and offers a wide range of insurance products. The company's website is <http://www.icicilombard.com>. For more detailed financial information, you can refer to their annual reports. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ad6e3f0d-adcd-4bce-8ce3-f3868d705f04.pdf |
8. AcquisitionITC LTD. announces the incorporation of a new step-down subsidiary, ITC Infotech Italia s.r.l. (Infotech Italy), on July 23, 2024. This wholly owned subsidiary of ITC Infotech India Limited (I3L) aims to expand and deepen client relationships in Italy, focusing on information technology services and solutions. The acquisition was completed with a cash consideration of EUR 1,000,000, with I3L holding 100% of the share capital. No governmental or regulatory approvals were required for this acquisition. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8bdc0678-404b-4473-8da9-4da0011c99dd.pdf |
EPACK Durable Ltd held a Board Meeting on July 24, 2024, where they approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2024. The company reported a total income of ₹**77,980.76 lakhs** and a profit before tax of ₹**3,249.22 lakhs**. |
Bikaji Foods International Ltd recently made significant decisions including appointing new senior management personnel, approving investments in subsidiaries, and a scheme of amalgamation with Vindhyawasini Sales Private Limited. The company also disclosed the incorporation of a Wholly-Owned Subsidiary in the USA and approved a loan agreement with a subsidiary. Bikaji Foods International aims to expand its business and strengthen its distribution network, particularly in the USA territory. These strategic moves reflect the company's focus on growth and expansion in the Fast-Moving Consumer Goods (FMCG) industry. (**RIICO Industrial Area, Bikaner, Rajasthan -India -334004**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/fafe51cb-8793-4bbf-a5b9-dbd4b89da62e.pdf |
Bikaji Foods International Ltd recently made significant decisions including: |
Bikaji Foods International Ltd recently made significant decisions including appointing a new Vice President of Operations, approving investments in subsidiaries and other companies, and appointing a Chief People Officer. They also approved the amalgamation of Vindhyawasini Sales Private Limited with Bikaji Foods International Ltd. The company's turnover for the period ending March 31, 2024, was 10,96,593. |
Ramkrishna Forgings Ltd. held a Board Meeting on July 24, 2024, where several key decisions were made. The company approved the unaudited standalone and consolidated financial results for the first quarter ending June 30, 2024. Additionally, the re-appointment of Mr. Chaitanya Jalan as Whole-time Director for a five-year term starting November 9, 2024, was confirmed, subject to shareholder approval at the upcoming AGM on August 31, 2024. The Board also approved the acquisition of Resortes Libertad S.A. DE. C.V. in Mexico, which will become a 100% subsidiary and be renamed Ramkrishna Forgings Mexico S.A. DE. C.V. The acquisition cost is USD 464,600, and the company plans to set up machining facilities in Mexico under a 10-year agreement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/286f44bc-21e8-4e24-a34d-5aee88cf2e94.pdf |
CG Power and Industrial Solutions Ltd has announced the acquisition of a 55% stake in G G Tronics Private Limited (GGT) for up to INR 319.38 crores. |
Welspun Living Ltd announced its Q1 FY25 results, showcasing a robust performance with a 17% YoY growth in total income, reaching ₹**25,885 million**. The company's EBITDA for the quarter stood at ₹**3,935 million**, reflecting a 15.2% YoY increase, with a margin of 15.2%. The net profit after tax (PAT) for Q1 FY25 was ₹**1,855 million**, marking a 14.8% YoY growth. The home textile export business grew by 19% YoY, achieving an EBITDA margin of 17%. Additionally, the flooring business recorded revenue of ₹**2,278 million** with an EBITDA margin of 9.2%. The company also announced a buyback of 1,26,55,970 equity shares at ₹**220 per share**, amounting to ₹**278.44 crore**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7497c66b-73b9-4749-999b-eccdb919a979.pdf |
Maithan Alloys Ltd. has disclosed the acquisition of equity shares in Jio Financial Services Ltd. The acquisition, completed on 23rd July 2024, involved 884,000 shares at a total cost of ₹**30.05 Crore**, representing 0.01% of Jio's shareholding. As of the acquisition date, Maithan Alloys holds 2,354,000 shares or 0.03% of Jio's shareholding. |
Organic Recycling Systems Ltd disclosed a strategic investment in Sonu Infratech Limited on July 24, 2024. The investment involves 3,00,000 convertible warrants at an issue price of Rs.67 per warrant, totaling Rs.2,01,00,000. This acquisition will enable Organic Recycling Systems Ltd to enhance its project execution capabilities and strengthen its market position in the construction sector. |
9. Credit RatingShoppers Stop Ltd. has announced the withdrawal of its credit rating for commercial paper and short-term debt/commercial paper. This decision, effective July 24, 2024, was made as the company did not raise any debt against the rating. The credit rating was withdrawn by India Ratings and Research Private Limited. The historical ratings for the commercial paper and short-term debt/commercial paper were consistently rated as IND A1+ from August 2021 to August 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/00a21e5a-7328-4068-b284-2fcc12915ac8.pdf |
RUCHI INFRASTRUCTURE LTD. had its credit rating for a term loan withdrawn by CARE Ratings Limited on July 23, 2024, after the loan was fully repaid to South Indian Bank Limited in June 2024. The withdrawal was confirmed through a letter from CARE Ratings Limited and a Press Release by Ruchi Infrastructure Limited. |
In the document provided, SG Finserve Limited voluntarily withdrew its CRISIL credit ratings for bank loan facilities and commercial paper on July 24, 2024. The company had no external borrowings from banks and NBFCs, leading to the withdrawal of ratings upon their request. CRISIL Ratings, a subsidiary of CRISIL Limited, withdrew the ratings based on the company's request and the policy on withdrawal of CRISIL. The total bank loan facilities rated were Rs. 1000 Crore, with various banks like The Federal Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited, and Axis Bank Limited involved in the facilities. The ratings withdrawals were reported for SG Finserve Limited at Ghaziabad, Uttar Pradesh -201010 and Pradesh -201010 Ghaziabad, and the concerned department was The Department of Corporate Services BSE Limited Floor 25, P J Towers Dalal Street, Mumbai-400 001. The Department of Corporate Services BSE Limited Floor 25, P J Towers Dalal Street Mumbai-400 001, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/82d0303b-0e27-4db3-9095-819f7022355a.pdf |
SAMHI Hotels Ltd has received a consolidated credit rating from ICRA Limited, reflecting the company's operational and financial linkages among its entities. The Ratings Committee of ICRA has assigned a long-term rating of [ICRA]A- (Stable) and a short-term rating of [ICRA]A2+ for Rs. 127.50 crore bank facilities of SAMHI Hotels (Gurgaon) Private Limited. Additionally, a long-term rating of [ICRA]A- (Stable) has been assigned for Rs. 380.00 crore Non-Convertible Debentures (NCD) of SAMHI Hotels (Ahmedabad) Private Limited. The ratings indicate a stable outlook for the company's financial health and creditworthiness. https://www.bseindia.com/xml-data/corpfiling/AttachLive/72472d92-0817-4185-a6cf-ed6ed1038d5d.pdf |
IFB Industries Ltd. has received a rating of "IND AA-/Stable" for its term loans and "IND AA-/Stable/IND A1+" for its short-term loans from India Ratings & Research, a Fitch Group Company. The ratings were "affirmed" on July 23, 2024, covering various financial instruments including "fund-based working capital limits" and "non-fund-based working capital limits". The ratings reflect the company's "stable outlook" and "strong creditworthiness". https://www.bseindia.com/xml-data/corpfiling/AttachLive/779b2b1b-ef8a-49a5-bbb9-b2eb28340ead.pdf |
NACL Industries Ltd is an agrochemical company with a strong market presence in insecticides, fungicides, herbicides, and plant growth regulators. The company has established relationships with key customers like Syngenta Asia Pacific Pte Ltd and Saraswati Agro Chemicals India Pvt Ltd. NACL's liquidity is supported by ample cash accrual and bank lines, with a current ratio of 1.2 times as of March 31, 2024. The company's revenue in fiscal 2024 was Rs 178.48 crore with an operating margin of 6.2%,\*expected to improve to around Rs 250-275 crore** in fiscal 2025.(Towers et al., n.d.). |
NAHAR CAPITAL & FINANCIAL SERVICES LTD. received a reaffirmed credit rating of "ICRA" Al+ from M/s. ICRA Limited on July 24, 2024. This rating signifies a very strong degree of safety for timely financial obligations with the lowest credit risk. The company's contact details for its Gurugram office are provided for further information: |
Manaksia Steels Ltd has reaffirmed its long-term bank facilities at CARE A-; Stable and short-term bank facilities at CARE A2+. The company's ratings are supported by stable financial performance in FY24, experienced promoters in the steel industry, strategic plant location near Haldia port, and comfortable capital structure. However, challenges include small scale of operations, geographical and client concentration risk, low capacity utilization, and susceptibility to raw material price volatility. The ongoing capacity enhancement project is expected to improve capacity utilization. |
SANGAM (INDIA) LIMITED has received a credit rating update from India Ratings & Research as of July 24, 2024. The ratings for various instruments include an IND A/Negative for term loans maturing in January 2033 amounting to INR 8,329.4 million, and proposed term loans of INR 2,222 million and INR 157.2 million. Fund-based working capital facilities of INR 5,000 million and non-fund based working capital facilities of INR 1,941.4 million have also been affirmed with an IND A/Negative and IND A1 rating respectively. The outlook for these ratings has been revised from Stable to Negative. https://www.bseindia.com/xml-data/corpfiling/AttachLive/461b504a-efff-45a6-9e08-9ff74add21e2.pdf |
POWER GRID CORPORATION OF INDIA LTD. has received an upward revision in its stand-alone credit profile (SACP) from 'bbb' to 'bbb+' by S&P Global Ratings as of July 23, 2024. Additionally, S&P Global Ratings affirmed its 'BBB-' long-term issuer credit rating and 'BBB-' issue rating on the company. The ratings are capped by the Indian sovereign rating of 'BBB-/Positive/A-3'. The positive rating outlook for POWERGRID reflects the outlook on the sovereign rating of India. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3c8a8f38-7d95-41e2-93ac-d53700cca0ce.pdf |
Skipper Ltd received an upgraded credit rating from Acuité Ratings & Research Ltd on July 22, 2024. The ratings for the company's bank loan products were upgraded, with the long-term rating being ACUITE A | Stable. The total outstanding quantum for the bank loan ratings was ₹**3198.00 Cr**. |
Bikaji Foods International Ltd recently made significant decisions including: |
KPIT Technologies Ltd announced key outcomes from its Board Meeting on July 24, 2024. The company approved the un-audited consolidated and standalone financial results for the quarter ended June 30, 2024, and reported an unqualified opinion from the statutory auditor. |
10. ResignationsS&T Corporation Ltd. announced the resignation of its statutory auditor, M/s. GPATS & Co, Chartered Accountants, effective July 24, 2024. The resignation was due to the management's pressure to expedite the audit process, which the auditors felt compromised the quality and accuracy of their work. Despite raising concerns with the management, no satisfactory actions were taken, leading to their decision to step down. The resignation was formally communicated to the Board of Directors and included in the company's regulatory filings. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c0e4fcc-5fed-4640-bdf0-3d096f25b888.pdf |
ARSS INFRASTRUCTURE PROJECTS LTD. has announced the resignation of its Statutory Auditors, M/s. ARMS & Associates, Chartered Accountants, effective from July 23, 2024. This resignation was communicated through a letter dated July 23, 2024. The company made this disclosure in compliance with Regulation 30 of the SEBI Listing Regulations, 2015, and relevant SEBI circulars. Further details and the resignation letter are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4ce603f3-6866-4b0f-a046-1ef5f96ca1ad.pdf |
Reliance Capital Ltd. is undergoing a corporate insolvency resolution process, with IndusInd International Holdings Ltd. (IIHL) as the successful resolution applicant. The National Company Law Tribunal (NCLT) approved IIHL's resolution plan on February 27, 2024. However, due to delays in obtaining necessary approvals, including from the Reserve Bank of India (RBI) and the Government of India for foreign equity investment, IIHL sought and was granted an extension until August 10, 2024, to implement the plan. The extension requires IIHL to deposit ₹250 crores in a domestic escrow account and ₹2500 crores in an offshore escrow account, with additional conditions for loan disbursement and affidavit submission by July 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/317b1256-7ad4-4ce4-82dc-28c84998e21e.pdf |
Transindia Real Estate Ltd has acquired a 6.62% stake in AGL Warehousing Private Limited, making it a wholly-owned subsidiary. This acquisition, valued at Rs. 5.93 Crore, was executed through a Share Purchase Agreement with Contech Solutions Private Limited, a related party. The acquisition aligns with Transindia's strategic goal to fully integrate AGL Warehousing into its corporate structure, enhancing operational efficiency and value from warehousing activities. |
H.G. Infra Engineering Ltd has announced significant updates pursuantant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved amendments to the Objects Clause of the Memorandum of Association (MOA) to expand into Renewable Energy and Water sectors, leveraging the company's expertise in turnkey projects. Additionally, the company has approved the sale of its wholly-owned subsidiary, H.G. Rewari Bypass Private Limited, to Highways Infrastructure Trust for an enterprise value of INR 296.5 Crore, subject to shareholder approval at the 22nd Annual General Meeting on August 21, 2024. The subsidiary contributed 0.12% to the company's revenue and 4.56% to its net worth for the financial year ending March 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2fd6efb-dacf-4160-a8f1-46980a68409f.pdf |
Shrydus Industries Ltd is issuing up to 20,008,810 fully paid equity shares at ₹**18** per share, aggregating ₹**3601.58 lakhs**, on a rights basis to eligible equity shareholders in a 5:3 ratio.The company, originally incorporated as Hazari Trade and Holdings Limited, has undergone several name changes and is now diversifying into the pharmaceutical industry by acquiring Astra Lifecare (India) Private Limited. The proceeds from the issue will be used for this acquisition, repayment of loans, and working capital needs. The issue opens on August 5, 2024, and closes on August 19, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a19ea895-2a21-4eea-87f4-eea685b8afdd.pdf |
Kolte-Patil Developers Ltd. has entered into an agreement on July 24, 2024, to sell its 20% equity stake in Snowflower Properties Private Limited (SPPL) to Kolte-Patil Planet Real Estate Private Limited for Rs. 8.38 crores. The transaction, classified as a related party transaction, is executed at arm's length based on an independent valuation report. The sale is expected to be completed by July 25, 2024. SPPL's net worth contribution to the group is Rs. 7.68 crores, with the company's investment in SPPL considered as part of the group's net worth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1217b364-c6b3-4afd-857e-ca29f932c63d.pdf |
Bikaji Foods International Ltd has recently made significant decisions regarding appointments, investments, and acquisitions. they approved the appointment of a new Internal Auditor and Vice President of Operations, along with investments in their subsidiaries in the USA and India. Additionally, they approved a loan agreement with another subsidiary. The company also sansoned the scheme of amalgamation with Vindhyawasini Sales Private Limited and appointed a new Chief People Officer. These strategic moves aim to enhance the company's operations and expand its business globally. https://www.bseindia.com/xml-data/corpfiling/AttachLive/717383da-58ad-4142-abf2-4dd18abbe201.pdf |
TTK Healthcare Ltd. delivered a strong performance in the financial year 2023-24, with revenue from operations reaching Rs. 752.79 crores, a 4% growth from the previous year. The pre-tax profit stood at Rs. 84.12 crores, and the earnings per share (EPS) was Rs. 44.47. The company maintained a free cash balance of around Rs. 850 crores as of March 31, 2024. |
11. Earnings TranscriptMASTEK LTD. is a company based in Ahmedabad, India, with a focus on IT services. They recently held an earnings conference call for the quarter ended June 30, 2024. During the call, they discussed their financial performance and future strategies. The company aims to stabilize its US market operations and improve margins, especially in the U.S. and U.K. regions. They have highlighted plans to enhance revenue growth, target market share, and increase margin profiles in various geographies. Furthermore, Mastek secured a significant deal with the U.K. defense department, expecting an opportunity size of around 50 million GBP over the next four years. https://www.bseindia.com/xml-data/corpfiling/AttachLive/75aa366b-db79-42a1-8ede-8224911f8e18.pdf |
GE Power India Ltd is focusing on a sustainable business plan to generate free cash flow through services, upgrades, GDEP market, and growth in Durgapur. They are strategically expanding into areas like pressure vessel in cryogenic, upgrades of other OEM fleet, and FGD services. |
UNITED SPIRITS LTD. released an investor call recording on July 24, 2024. In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call recording can be accessed on their website through a provided link. United Spirits Limited's corporate website is www.diageoindia.com. Mital Sanghvi is the Company Secretary for UNITED SPIRITS LTD. (Sanghvi, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/d66671be-5baa-4036-8685-7ad71b7c7f20.pdf |
South Indian Bank Ltd. reported a net profit of INR 294 crores for Q1 FY '25, marking a 45% growth year-on-year. total deposits increased by 8% to INR 103,532 crores, while gross advances grew by 11% to INR 82,580 crores. The bank's net interest margin stood at 3.26%, and the return on equity was 12.9%. The capital adequacy ratio was robust at 18.11%, with a CASA growth of 7% year-on-year to INR 33,195 crores. Gross NPA reduced to 4.5%, and net NPA to 1.44%. The bank's focus areas include enhancing branch efficiency and building digital assets to improve customer service and acquisition. https://www.bseindia.com/xml-data/corpfiling/AttachLive/051c4c26-4c29-4d69-9416-581699a8b195.pdf |
SRF LIMITED has released the audio recording of its Earnings Call held on 24th July 2024, discussing the Un-Audited financial results for the quarter ended 30th June 2024. The recording is accessible on the company's website. This disclosure aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. For further details, visit the provided link to the audio recording. https://www.bseindia.com/xml-data/corpfiling/AttachLive/065a1dae-7ded-4c5d-9ee4-14ce85190a08.pdf |
Rallis India Ltd. reported its Q1 FY'25 earnings, highlighting a flat overall revenue of Rs. 783 crore compared to the same period last year. The domestic crop care business showed positive growth, driven by favorable monsoon conditions and stable input prices, resulting in an 8% volume-led growth. However, the international business faced challenges with a 5% revenue decline despite a 19% volume increase. EBITDA for the quarter stood at Rs. 96 crore, down 13% year-on-year, with a PAT of Rs. 48 crore. The company is focusing on improving its product portfolio, enhancing digital capabilities, and leveraging partnerships to drive future growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d4114665-047c-44e7-bf81-efd3ea947b7e.pdf |
5paisa Capital Ltd reported a strong Q1 FY'25 performance, with a notable 116% year-on-year growth in customer acquisition, reaching a total of 4.47 million customers. The company's Average Daily Turnover (ADTO) increased by 27% YoY to ₹**3.67 trillion**, while its mutual fund AUM saw a 90% YoY growth, reaching ₹**1,124 crore**. |
Sterling and Wilson Renewable Energy Ltd reported a strong start to FY '25 with new orders worth INR 2,170 crores, including significant international projects in South Africa totaling USD 140 million. The company achieved a top-line growth of 78% year-on-year with operating revenue of INR 915 crores in Q1 FY '25. Their unexecuted order book stands at INR 9,396 crores, with 71% domestic orders. The company remains confident in meeting its annual revenue guidance of INR 8,000 crores, driven by a robust order pipeline and strategic international projects. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b720dd2a-fc8f-47f1-a7d4-ffb4d79a54c2.pdf |
Gopal Snacks Ltd held an Earning Conference Call on July 24, 2024, to discuss Unaudited Standalone Financial Results for the quarter ending June 30, 2024. The audio recording of the call is available on their website. The conference call was in compliance with Regulation 30 (6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript can be accessed at this link. The communication was signed by Mayur Gangani, the Company Secretary and Compliance Officer of Gopal Snacks Ltd. (Gopal Snacks Ltd_7/24/2024_62, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/8651558e-2322-4f26-ae13-804d9a755954.pdf |
Persistent Systems Ltd. reported a strong growth of 5.6% quarter-on-quarter and 16% year-on-year for the first quarter of FY25. The company achieved its 17th sequential quarter of growth and saw a 17.9% year-on-year growth in rupee terms. EBIT for the quarter increased by 10.8% year-on-year, with a profit after tax of 11.2%. The company awarded regular salary hikes effective July 2024 and aims for a healthy revenue growth and margin improvement in FY25. (**PERSISTENT SYSTEMS LTD._7/24/2024_) https://www.bseindia.com/xml-data/corpfiling/AttachLive/415b3640-c3d9-49ec-863b-e523805521c0.pdf |
Vimta Labs Ltd. reported a stable business performance with a 3% sequential quarter growth, generating a total income of INR 824 million. The growth was primarily driven by the Pharmaceutical Services division. They successfully underwent a U.S. FDA remote audit with no observations and received grants of INR 40.9 million for upgrading their food testing laboratories. The company's EBITDA for Q1 FY '25 was INR 252.1 million, with a margin of 30.6%. Profit after tax stood at INR 123 million, showing a 0.7% year-on-year increase. Cash and cash equivalents were at INR 324 million with total borrowings of INR 130 million, resulting in a debt-to-equity ratio of 0.04x. (Assistant Vice President, National Stock Exchange of India Limited, "Exchange Plaza", Bandra Kurla Complex, Bandra (E) Mumbai 400051) https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1602195-ebdc-4d36-9261-27a1a21cfe71.pdf |
Central Bank of India reported a significant increase in net profit for Q1 FY25, reaching ₹880 crores, a 110% rise from ₹418 crores in June 2023. The bank's total business grew by 9% to ₹6.35 lakh crore. Total deposits stood at ₹3.84 lakh crore with Current Account Savings Account (CASA) at ₹1,88,863 crores, representing 49.19% of total deposits. |
Dalmia Bharat Ltd, a leading cement industry company headquartered in New Delhi, India, reported a 6.2% volume growth and an EBITDA of INR901 per ton in the quarter ended June 30, 2024. The company is focused on organic expansion and aims to reach a capacity of 49.5 million tons by the end of Financial Year 25. They have successfully commissioned new cement capacities in various regions, with plans for further expansion. Dalmia Bharat Ltd maintains a strong balance sheet with stable debt levels, positioning them well for future growth and expansion(Kumar, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4cc2b5aa-4a20-457b-8e05-8c774df27fb0.pdf |
GRAVITA INDIA LTD. has shown significant growth in volumes in Q1 FY '25, with a 29% increase in revenue to INR908 crores. The company aims to achieve over 50% of revenues from value-added products. Adjusted EBITDA for Q1 FY '25 increased by 33% to INR91.24 crores, with a PAT increase of 29% to INR67.33 crores. |
Aether Industries Limited, a Gujarat-based Indian company, recently held an Earning Conference Call on July 19, 2024, to discuss their financial performance during the first quarter of 2024. Despite negative price impacts from external factors such as China's dumping, Aether Industries reported growth in volumes. The company is currently engaging in greenfield capex expansions with a focus on renewable energy. One of these expansions includes a 15-megawatt solar power plant. Additionally, Aether Industries is introducing a new business segment, dedicated to sustainability and renewables, which will include innovative solutions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e61de6a8-7610-4ad9-90ca-233a1b221dec.pdf |
Aether Industries Limited, based in Surat, Gujarat, India, focused on manufacturing and research services, held an Earning Conference Call on July 19, 2024, discussing their financial performance for the first quarter of the fiscal year 2025. The call highlighted: |
L&T Technology Services Ltd, a subsidiary of Larsen & Toubro Limited based in Mumbai, India, held a Q1 FY25 Earnings Conference Call on July 18, 2024. Key executives, including CEO Amit Chadha and CFO Rajeev Gupta, discussed the company's performance. Highlights included a 6% YoY revenue increase in USD terms. The company also announced significant deal wins, and revealed plans for investments in Sales and Technology for growth. The company aims to maintain an EBIT aspiration of 16% levels in FY25, with a positive outlook on EBIT margin trajectory in the second half of the year. (House et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a90eb4ab-8629-4ad4-85b6-f9bf30d3e612.pdf |
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