ONWARD TECH Q3
NET PROFIT AT 6 CR V 3.5 CR QOQ
REVENUE AT 123 CR V 123 CR QOQ
EBIT AT 8 CR V 4.6 CR QOQ
MARGINS AT 6.4 % V 3.9 % QOQ
ONWARD TECH Q3
FY25 REVENUE GUIDANCE OF 490 - 510 CR V 9 MONTH REVENUE OF 364 CR
FY25 EBITDA MARGINS GUIDANCE OF 9-11 % V 9 MONTH EBITDA MARGINS AT 8.5 %
ONWARD TECH FUTURE GROWTH PLAN
Strong foundation and leadership driving strategic growth.
Focused on serving USA and European companies.
Engaging 75+ customers to double/triple growth via specialized teams.
Revenue goal: 10 customers at $10M or 20 at $5M annually.
Investing in SMEs for Mechanical, Embedded, and Digital expertise.
DIXON SAYS FY25 revenue will be close to ₹40,000 cr - CNBCTV18
Mobile capacity should increase to 45 m next fiscal
Smartphone is a low-margin business
Margin should be around 4% in FY26
Margin post FY26, should be higher than 4%
Focussing on display fab business, it is a high-margin business
𝗛𝗮𝘁𝘀𝘂𝗻 𝗔𝗴𝗿𝗼 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 (𝗛𝗔𝗣) announced its acquisition of 100% of 𝗠𝗶𝗹𝗸 𝗠𝗮𝗻𝘁𝗿𝗮 𝗗𝗮𝗶𝗿𝘆 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗟𝗶𝗺𝗶𝘁𝗲𝗱, a dairy products company with the brand 𝗠𝗶𝗹𝗸𝘆 𝗠𝗼𝗼, operating mainly in Odisha.
𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
- 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁: Rs. 233 Crores
- 𝗧𝗮𝗿𝗴𝗲𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗧𝘂𝗿𝗻𝗼𝘃𝗲𝗿 (𝗙𝗬𝟮𝟬𝟮𝟯−𝟮𝟰): Rs. 276.42 Crores
- 𝗥𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗲: Expand into new geographical markets (Odisha and Eastern India), strengthening market presence and adding a complementary brand to HAP's existing portfolio.
- 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗼𝗻: Within one month, subject to customary closing conditions.
- 𝗣𝗼𝘀𝘁−𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻: Milk Mantra will become a wholly-owned subsidiary of HAP.
'How to Invest in High-Growth Companies for Wealth Creation'
- Probability of companies sustaining 20%+ growth for 3/5/7 years
- Traits of companies that grow at 25–30% for 5+ years
TECHM : NOMURA ON TECH MAHINDRA
Maintain Buy, target price ₹1,900
Steady progress towards medium-term goals
Q3FY25 beat on all parameters
Revise FY25-27 EPS by 0-2%
Expect $ revenue growth of 0.9-9.2% YoY and EBIT margins of 9.3-13.2% in FY25-27
Further deterioration in discretionary demand unlikely
INDIAN HOTEL CEO Says We expect the flight kitchen business to grow by over 15%
Hotels business is expected to grow by over 12%
We are seeking 'infra' status for the hotel sector in the upcoming central budget
We are requesting 'industry' status for the hotel sector from state governments
We do not expect significant changes in demand conditions
Bank nifty is now at a P/E of 13.3 and price to book of 2.1
10 year median P/E is 23 and PBV is 2.8
Barring near term volatility, looks extremely attractive for medium to long term.
HAVELLS; Management Says 70% Of Sales In C&W Segment Comes From Domestic Wires - ETNOW
Positive Overall Performance In Q3 With Growth Of 15% Except C&W Segment
Business Likely To Grow In Mid-double Digits Ex-Lloyd
Lloyd Will Become Profitable In FY26
Margin Will Come Back To 12-13% By End FY25 Ex Of Lloyd
Margin Will Return To Normal Levels In Q4
AEROFLEX; Management Says Target 18-20% revenue growth in FY25- CNBCTV18
Will end FY25 with margins of 21.5-22%
400 Cr QIP fund raise seen around Q1FY26
In talks for acquisition assets
Target 1000 Cr revenue in 3-4 years
HDFC SEC Says Volumes are expected to recover nearly 5% YoY in Q3FY25
Have seen some improvement in realisation in Q3
Expect the pricing action for cement sector to be better in Q4 Vs Q3
Ambuja valuation is better than UltraTech at current levels
Prices have not improved much in Q3, pricing action is expected to play out in Jan & Feb 2025
ICICI SEC Says Numbers are expected to be higher on a YoY and QoQ basis - ETNOW
More positive signals needed on Jio as well as value unlocking
Recovery in broader consumption will provide a trigger for the stock
Rupee depreciation is a big negative for all Indian oil operators; will remain a key monitorable
MINDACORP; Minda Corp Management says For Minda Corp, revenue target for this year is ₹5,500 cr - CNBCTV18
Net debt-to-equity will be 0.6x post Flash Electronics acqn
Acquisition of stake buy in Flash Electronics is EPS accretive
Profit that will come to Minda's book from Flash Electronics, is ₹50-55 cr
EV's contribution to Flash Electronics' rev will increase to 20% in FY25 vs 13% in FY24
SHOPERSTOP; Management Says Private Label In Apparel Should Increase From 18% To 21-22%
Aim For Double-digit Growth In The Beauty Business - CNBCTV18
SHOPERSTOP; Management Says Momentum From Q3 Has Continued Into Q4- CNBCTV18
Set A Target Of 5% Like-For-Like Growth For Q4
ADANIGREEN; Operational capacity increased by 37% YoY to 11,609 MW with greenfield addition of 2,693 MW solar and 438 MW wind power plants
Operational Performance
Sale of Energy increased by 23% YoY at 20,108 mn units in 9M FY25, backed by robust capacity addition
Steady growth in generation at a CAGR of 49% over the last 4 years with increasing proportion of Merchant power
Consistently generating electricity significantly above commitment under PPA
Solar portfolio CUF at 23.5% backed by 99.4% plant availability
Wind portfolio CUF at 29.2% backed by 95.0% plant availability
Hybrid portfolio CUF at 39.8% backed by 99.7% plant availability
AngelOne | From concall 📢
📢Impact from new norms - True-to-label + F&O norms Is higher than earlier expected
📢Expect one-time hit of 18-20% to topline
📢Will monitor impact from new norms for 1-2 qtrs, before deciding on price hike
📢True-To-Label impact should not be more than 2%
Do not see any long-term impact on life-time value of customer
RAM RATNA WIRES ; Ram Ratna Wires Ltd. bags approval under Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners)
Ram Ratna Wires Ltd. has committed ₹253 crore under the PLI scheme to manufacture Copper Tubes and Aluminum Stock for heat exchangers.
This initiative supports the 'Make in India' and 'Aatmanirbhar Bharat' missions, boosting India's integration into the global supply chain.
The PLI scheme offers incentives of 6%-4% on incremental sales over five years, aiming to increase domestic value addition from 15-20% to 75-80%.
L&T FINANCE Says Pace of MFI & joint liability group disbursals will impact AUM growth
Credit cost will remain elevated in Q4FY25
Expect asset quality to deteriorate further in Q4FY25
Macro prudential provisions usage will be ₹300- 350 Cr
Short term trading , positional trading
And learning priceaction join now @wealthcreator7
Stock SIP, long term investment don't miss to join @stocksip
Corporate update, quaterely result, management guidance @companyupdate
Daily one company Fundamental analaysis in detail daily
@fundamental3
US STOCK Chart study for more detail visit
@Us_stock3
Order Book, capex and stock information in detail @stockinfo33
Stock market statics and information @stockinfo3
All IPO Updates Live @ipoinfo3
All conference call and detail stock study @nilfaldu
Can Fin Homes says
Disbursals
👉 FY25 at Rs.8500-9000cr
👉 FY26 at Rs.12000cr
🎯 AUM growth will be at 15% in FY26
e-Khaata impacted business in Q3FY25 but the issue is improving lately. Disbursal may be close to Rs 9,000 cr for FY25; on the upper end: Suresh Iyer, Can Fin Homes to CNBC-TV18
Читать полностью…
Comparison between Indian Wealth Managers⏬
360 One/ Nuvama / MOFSL / Anand Rathi
src ~ Jefferies
Aspiration is to improve margin by 200 bps to 19% in the next 2 yrs, expect Q4 to have better growth than Q3; Umang Nahata, Mastek says
Читать полностью…
CEAT Management to ET NOW post Q3FY25:
'Expect steady demand and continued double-digit growth in volumes and exports,' says Arnab Banerjee of CEAT.
Cement volumes are expected to recover nearly 5% YoY in Q3FY25. Expect the pricing action for cement sector to be better in Q4 Vs Q3
Rajesh Ravi, HDFC Securities to CNBC-TV18
LTTS; L&T TECH Management Says Organic guidance for FY25 at 8%; growth will be 10% including IntelliSwift acquisition - CNBCTV18
Closed highest number of large deals in the recent past
Expect FY26 to be better than FY25, expect Q4 margin to be similar to Q3
Maintain medium-term aspiration of $2 bn of revenue and margin of 17-18%
Expect mobility to grow in Q4 on the back of the recent deal wins
Short term trading , positional trading
And learning priceaction join now @wealthcreator7
Stock SIP, long term investment don't miss to join @stocksip
Corporate update, quaterely result, management guidance @companyupdate
Daily one company Fundamental analaysis in detail daily
@fundamental3
US STOCK Chart study for more detail visit
@Us_stock3
Order Book, capex and stock information in detail @stockinfo33
Stock market statics and information @stockinfo3
All IPO Updates Live @ipoinfo3
All conference call and detail stock study @nilfaldu
Welspun Corp 🚀
🤩 Signs MoU with Saudi Aramco
👉Had earlier announced 3,50,000 tpa greenfield LSAW pipe facility in Saudi Arabia which is of strategic importance
Additionally Welspun may benefit from Trumps focus on drilling & also if tariffs 🤩
ANGELONE; Chairman Says Will Not Take A Price Increase For Next 2-3 Quarters- CNBCTV18
Growing Customer Base May Mitigate The Need For Price Hikes & Offset Regulatory Impact
Expect Margin To Get Back To 50% Level Even Without A Price Hike
18-20% Impact On Topline Due To Regulatory Changes
Growth In Customer Base Of 40-45% Not Slowing Down
Kalyan Jewellers Management Says on New Franchise Agreement: Applicable only to new franchisees; franchise now handles both capex and inventory.
Promoter Pledge: Carefully evaluated; explored other funding sources.
Lenders: Multiple lenders involved in the transaction.
Business Intact: No change in operations or promoter intentions.
Lab-Grown Diamonds: Minimal impact due to low focus on solitaires.
Gross Margins: Store-level margins remain unchanged.
Buyback Plan: FCF may be used for buybacks post debt repayment if no investments arise.
3-4 breaches out of 100+; others locked for 4 years.
No FIR received; one legal summon related to franchise dispute, with proceedings ongoing.
