VA Tech Wabag says
On Saudi Arabia Order win
👉 Va tech share at Rs.1700cr out of Rs.3200cr
👉 To be executed over 28 months
Earlier tender which was taken back has been re-announced, results to be announced in 8 weeks 🤔
VARUN BEVERAGES Q3 ; Chairman Says We ended CY2024 strong, expanding into South Africa and securing distribution in Namibia, Botswana, Mozambique, and Madagascar. We also launched greenfield operations in the DRC.
India volumes grew 11.4%, driving a 23.2% rise in consolidated volumes. This led to a 24.7% revenue increase, 30.5% EBITDA growth, and 25.3% PAT growth.
HIKAL Q3 CONCALL ; Co. says Our API business is recovering with steady volume growth and new market entries.
In CDMO, multiple projects are advancing toward validation and commercialization, backed by a strong pipeline.
Animal Health projects under long-term agreements are progressing well, with seven product validations completed.
Crop protection is stabilizing with rising domestic demand and increased RFP inflows.
Despite pricing pressure from Chinese competitors, we focus on NCEs and new technologies in crop and pharma.
HIkal Says We have capitalized our new multipurpose facility at Panoli last month. We expect the ramp-up from this facility over the next 2 to 3 years.
PG ELECTROPLAST Management Says Looks to maintain growth rate of 30-35% over the next few years
Will announce agreement for manufacturing RAC compressors soon, 60% of these compressors will be used captively
FIRSTSOURCE SOLUTIONS RAISED FY25 GUIDANCE 👍
Revenue Growth Of 21.8-22.3%In
constant currency (Earlier 19.5-20.5%)
EBIT Margins Of 11-11.5% (Earlier 11-11.5%)
GOKALDAS EXPORTS Q3 ; Management Says Gokaldas Exports' 3QFY25 total income surpassed ₹1,000 crore for the first time, with strong PAT and EBITDA growth. EBITDA margin improved sequentially.
Core business grew 19% YoY, driven by production ramp-up at MP Unit-I.
US retail clothing sales grew 3% in 2024, driven by volume expansion. Apparel imports to the US & EU rose in H2 as retailers adjusted inventories.
Integration of acquired entities is on track, with headwinds largely behind. Investment in BTPL enhances vertical integration for better quality and cost efficiency.
As we step into 2025, the company is working on increasing its capacity by initiating construction of a second unit in MP, which is expected to be completed by 2QFY26. The company's order book remains strong, securing robust near-term prospects.
OUTLOOK
The longer-term outlook is favorable, supported by a continued shift in global sourcing away from China, Vietnam, and Bangladesh, a trend toward supplier consolidation among efficient, well-capitalized players, and ongoing supply-side instabilities in various countries.
BALRAMPUR CHINI ; Board has approved higher capacity of PLA project optimised from 75,000 TPA to 80,000 Tonnes Per Annum (TPA) with a revision in the project's capital expenditure from 2,000 crores (which was based on conceptual planning) to 2,850 crores (gross).
The net capex of the project will be 1,750 crores post expected capital subsidy of ₹ 1,100 crores as per U.P. Government Scheme.
This higher investment is determined after detailed engineering including on account of increase in capacity of Plant from 75,000 TPA to 80,000 TPA with lower conversion cost.
The revised capex will be funded through a mix of ₹1,650 crores in debt and 21,200 crores from internal accruals.
Bharti Airtel Concall: Have cleared ₹35,500 cr of spectrum dues in last 6 quarters
These are the statements on India revenue, ARPU, DTH business and more
SOLAR IND ON RECENT ORDER WIN , Says Pinaka Order Is Worth ₹6,084 Cr, 80% Of Value Should Be Delivered In Next 8-9 Yrs
Pinaka Order Will Start Reflecting In Next Fiscal
Should Be Doing ₹500 Cr/Yr FY27 Onwards From Pinaka
SolarInd expects FY26 revenue growth to be higher than FY25, for FY26 growth is seen at 30% vs 23% expected in FY25
Margin Is Seen In The Range Of 27-28% Going Forward
MOTHERSON WIRING Says 3 New Plants Can Do Revenue Of ₹2,100 Cr At Peak Potential
Will Continue To Target >40% ROCE
Expanding In-line With End Customer Expansion
PI IND CUTS FY25 REVENUE GUIDANCE AGAIN , NOW EXPECTING LOW SINGLE DIGIT GROWTH V EARLIER HIGH SINGLE DIGIT GROWT
NOTE ; LAST YEAR CO. GAVE GUIDANCE OF 18-20 % REVENUE GROWTH FOR FY25 ... WHICH CO. REDUCED TO LOW SINGLE DIGIT ( 1-4 % RANGE )
PG ELECTROPLAST Q3
OUTLOOK
Product business to drive growth for the company
Company is developing new
offerings in focus segments and will be launching the same in coming quarters
Company’s management see exciting times ahead for all its business segments.
For PGEL Consolidated Revenue guidance is of at least INR 4550 crores which is a growth of 65.7% over FY2024 Revenues of INR 2746.5 crores. This is despite TV business revenues shifting to JV company Goodworth Electronics Ltd.
For Goodworth, Revenues we expect at INR 550 crores.
Implying Group Revenues to be around 5100 crores.
PGEL Net profit guidance of INR 280 crores which is a growth of 104.5% over FY2024 Net profit of INR 137 crores.
In FY2025, Management expects EBITDA margins to have slight upward bias.
PG ELECTROPLAST Q3
OUTLOOK
Product business to drive growth for the company
Company is developing new
offerings in focus segments and will be launching the same in coming quarters
Company’s management see exciting times ahead for all its business segments.
For PGEL Consolidated Revenue guidance is of at least INR 4550 crores which is a growth of 65.7% over FY2024 Revenues of INR 2746.5 crores. This is despite TV business revenues shifting to JV company Goodworth Electronics Ltd.
For Goodworth, Revenues we expect at INR 550 crores.
Implying Group Revenues to be around 5100 crores.
PGEL Net profit guidance of INR 280 crores which is a growth of 104.5% over FY2024 Net profit of INR 137 crores.
In FY2025, Management expects EBITDA margins to have slight upward bias.
🚀 India’s Solar Boom: A 5X Expansion! ☀️🔋
Solar cell manufacturing is set to grow 5X to 50-55 GW by FY27, backed by ₹28,000-30,000 Cr capex & policy support like PLI & ALMM.
With 80% of solar cells still imported, this expansion will boost self-reliance & backward integration.
Solar companies in focus: Waaree Energies, Premier Energies & Insolation Energy.
📌 CRISIL report on solar cell capacity sheds light on this massive transformation!
Massive Expansion Ahead
India’s solar cell capacity is projected to reach 50-55 GW by FY27, up from 10 GW in FY24. This ₹28,000-30,000 Cr investment will be funded with a 70:30 debt-equity mix. 📈
Policy Push Fuels Growth
Govt initiatives like PLI (Production-Linked Incentive) & ALMM (Approved List of Models & Manufacturers) are driving expansion. The 'Make in India' push is further boosting domestic solar cell production. 🇮🇳⚡️
Reducing Import Dependence
India still imports ~80% of its solar cells, mainly from China. While module imports have dropped to 25%, high import dependence for cells remains a challenge. 🏭🔻
Backward Integration Key
More module makers are setting up in-house cell production, reducing reliance on imports. Currently, only 15% of domestic module capacity is supported by local cells—this will cross 50% by FY27. 🔄🔋
Financial Viability & Challenges
Despite high capex, credit quality remains stable due to strong balance sheets & robust margins. However, domestic solar cells are 80-90% costlier than imports, due to lower scale & higher conversion costs. 📊💰
Future Outlook
- 60-65 GW of new solar capacity expected by FY27.
- ALMM & PLI to keep demand strong.
- US trade policy shifts & China’s wafer supply disruptions will impact prices. 🌍⚡️
Mahindra & Mahindra says
On Tractors
🚜 Seeing greenshoots in rural areas, bodes well for demand
🚜 Q4 volumes expected at +15%
On Market Share 👉 Target is to get to 40% in all segments
Welcomes competition in EVs 👊
PRAKASH PIPES Q3 HIGHLIGHTS
■ PVC Pipes & Fittings Division
During the quarter, the division achieved sales volume of 10,547 MT.
The division expects the demand to further pick up from the current quarter onwards with the easing of the volatility in resin prices.
Further, the extension of the Jal Jeevan Mission till 2028 with an enhanced outlay, as announced in the Union Budget 2025-26, together with increased government infra spending shall also boost the demand.
■ Flexible Packaging Division
During the quarter, the division achieved sales volume of 4,015 MT. The division continues to utilize its capacities optimally and work on value added products. Export opportunities continue to remain the focus area for better margins
LATENT Views Says Tech Segment Continues To Be Strong For Us; Contributing To 65%-70% Of Revenues - CNBCTV18
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ZAGGLE PREPAID Q3 ; Management Says For FY25, we are confident of achieving a 58-63% growth in our top line.
We are also evaluating inorganic growth opportunities to expedite this growth and the discussions are at advanced stages.
GODAVARI BIO Q3 HIGHLIGHTS
Management Says The Bio-chemicals and Ethanol segment is poised to become a key driver of our future expansion, reinforcing our vision of building a sustainable, innovation-led bio-refining business.
In the pursuit of these goals, we have expanded capacity of 1,3 Butylene Glycol, licensed a technology to make Bio-Butanol and higher alcohols, placed an order for a corn/grain-based distillery, and used our IPO proceeds to reduce term debt which will reduce our finance costs going forward.
In January 2025, the Government has allowed a million-ton export of sugar from India. This has improved sugar prices and will help the industry that was facing pricing pressures in the last quarter.
With this, we are well on the path of driving efficiencies, optimizing costs, and ensuring long-term sustainable growth."
𝗟𝗼𝗻𝗴 𝘁𝗲𝗿𝗺 𝗝𝗮𝗰𝗸𝗽𝗼𝘁 𝗰𝗮𝗹𝗹 𝘄𝗶𝘁𝗵 𝗵𝗶𝗴𝗵 𝗮𝗰𝗰𝘂𝗿𝗮𝗰𝘆 𝗷𝗼𝗶𝗻 𝘂𝘀
👇👇
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MAHINDRA Says International Demand Is Weak Due To Macroeconomic Headwinds
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Alkem Lab Q3 : 9MFY25 EBITDA Margin At 21.6% Vs FY25 Guidance Of 18.5-19%
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ALL COMPANY CONFERENCE CALL HIGHLIGHTS AT
@nilfaldu
BHARTI AIRTEL Q3 CONCALL
Towers Sale To Arm Indus Towers To Give Efficiency Of Scale
India Mobile ARPU Drivers Remain Intact
APOLLO TYRES Q3 HIGHLIGHTS
EUROPE BIZ : During the quarter, our volume growth in PCT segment were lower than overall Industry growth. However, more importantly, we outgrew industry in the profitable segments winter tyre segment and UHP segment.
Continuing with our premiumization journey, UHP mix for the quarter stood at 48%, compared to 43% for same quarter last year.
In the PCR OEM segment, we continue to gain fitments in the marquee German brands, supporting our premimisation journey.
Despite RM pressure (+4% YoY) reported 18% operating margins for the quarter (+290 bps QoQ/-260bps YoY).
Operating performance is expected to remain healthy with our constant focus on sales mix improvement and cost optimization
INDIA BIZ ; Registered good YoY growth in replacement segment revenues for key categories - TBR, PCR and Farm.
We gained market share in the PCR replacement segment and registered c. 45% growth (YoY) in the Vredestein volumes.
OEM segment volumes continued to be soft. CV OEM performance impacted by 1) decline in vehicle production and 2) unfavorable mix in CV segment (higher sales of buses etc).
Reported drop in EBITDA margin YoY and QoQ largely on account of steep raw material inflation (+15% YoY).
Co. will continue to focus on business fundamentals, cost control and free cash flow generation.
Net debt fell by ₹450 Cr in Dec’24 vs. Sep’24 due to lower short-term borrowings. Working capital normalized, and long-term debt saw a slight decline.
Thermax Says Q3 Was Weak, Below Our Expectations; We Are In-line For A Very Good Q4 - CNBCTV18
Thermax Says ₹500 Cr Miss On Rev, ₹60 Cr Miss On Profitability Due To Delays In Shipping Out Orders - CNBCTV18
Thermax Says ₹500 Cr Miss On Rev, ₹60 Cr Miss On Profitability Due To Delays In Shipping Out Orders
Few Orders Will Be Realised In Q4
FGD Projects & Bio CNG Projects Impacted Projects Biz
Invested Over 100 Cr, More Than Expected In Bio CNG Segment
THERMAX Says Expect Profitable Orders To Come In The Industrial Infra Segment
Private Capex Slowed down
Expect Profitable Orders To Come In The Industrial Infra Segment
Have Lost A Lot Of Money On Long-Duration Govt Projects
We Get A Lot Of Second Order Biz From The Govt
THERMAX Says Expect More Ordering Activity From Petrochem, Steel From Q4FY25 Onwards & In FY26
KOLTE PATIL
KOLTE PATIL: CO SIGNS 22 ACRES JOINT DEVELOPMENT PROJECT IN PUNE WITH THE EXPECTED GDV OF RUPEES 4,000 CR
INNOVA CAPTAB Q3
Jammu Plant started in Jan 2025
SBI Q3 HIGHLIGHTS
Net Profit for Q3FY25 stands at ₹16,891 crores registering a growth of 84.32% YoY.
Operating Profit for Q3FY25 grew by 15.81% YoY to 23,551 crores.
Bank's ROA and ROE for the 9MFY25 stand at 1.09% and 21.46% respectively.
ROA at 1.04% for the quarter increased by 42 bps YoY.
Net Interest Income (NII) for Q3FY25 increased by 4.09% YoY.
Whole Bank and Domestic NIM for 9MFY25 stand at 3.12% and 3.25% respectively.
Whole Bank and Domestic NIM for Q3FY25 stand at 3.01% and 3.15% respectively.
Balance Sheet
Credit growth at 13.49% YoY with Domestic Advances growing by 14.06 YoY. Gross Advances cross 40 Lakh crores.
Foreign Offices' Advances grew by 10.35% YoY.
SME Advances grew by 18.71% YoY followed by Agri Advances which grew by 15.31% YoY, while Corporate Advances and Retail Personal Advances registered YoY growth of 14.86% and 11.65% respectively.
Whole Bank Deposits grew at 9.81% YoY, out of which CASA Deposit grew by 4.46% YoY. CASA ratio stands at 39.20% as on 31st December 24.
