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February 12, 2025

EIH LTD Q3 :CONS NET PROFIT UP 21 % AT 264 CR (YOY), UP 105 % (QOQ)
REVENUE UP 8 % AT 800 CR (YOY) ,UP 36 % (QOQ)
EBITDA UP 10 % AT 357 CR (YOY),UP 105 %(QOQ)
MARGINS AT 44.6 % V 43.7 % (YOY), 29.5 % (QOQ)
FEDDER ELECTRIC Q3 :CONS NET PROFIT DOWN 90 % AT 3.97 CR (YOY), DOWN 41 % (QOQ)
REVENUE DOWN 53 % AT 88 CR (YOY) ,UP 4 % (QOQ)
EBITDA DOWN 99 % AT 0.54 CR (YOY),2.81 CR LOSS (QOQ)
MARGINS AT 0.6 % V 20.7 % (YOY), -3.3 % (QOQ)
EVEREST ORGANICS Q3 :NET PROFIT DOWN 31% AT 1.13 CR (YOY), UP 53 % (QOQ)
REVENUE DOWN 20 % AT 42.06 CR (YOY) ,DOWN 5 % (QOQ)
EBITDA UP 44 % AT 4.01 CR (YOY),UP 18 %(QOQ)
MARGINS AT 9.53 % V 5.3 % (YOY), 7.74 % (QOQ)
TECHNO ELECTRIC Q3 :CONS NET PROFIT UP 4 % AT 95.5 CR (YOY), UP 1% (QOQ)
REVENUE UP 96 % AT 636 CR (YOY) ,UP 44 % (QOQ)
EBITDA UP 64 % AT 90 CR (YOY),UP 29 %(QOQ)
MARGINS AT 14.15 % V 16.9 % (YOY), 15.9 % (QOQ)
MANGALAM SEEDS Q3 :NET PROFIT DOWN 74 % AT 1.35 CR (YOY), DOWN 18 % (QOQ)
REVENUE DOWN 63 % AT 27.3 CR (YOY) ,UP 25 % (QOQ)
EBITDA DOWN 63 % AT 2.77 CR (YOY),DOWN 24 %(QOQ)
MARGINS AT 10.12 % V 14.15 % (YOY), 16.5 % (QOQ)
SHRI DINESH MILLS Q3 :CONS NET PROFIT DOWN 97 % AT 1.04 CR (YOY), DOWN 60 % (QOQ)
REVENUE DOWN 6 % AT 16.2 CR (YOY) ,UP 12 % (QOQ)
EBITDA DOWN 61 % AT 1.52 CR (YOY),UP 54 %(QOQ)
MARGINS AT 9.35 % V 22.67 % (YOY), 6.8 % (QOQ)
Trump: We Will Take Control of Gaza.
ZEE MEDIA CORPORATION Q3 :CONS NET LOSS AT 22.4 CR V 35.9 CR LOSS (YOY), 49.8 CR LOSS (QOQ)
REVENUE DOWN 5 % AT 159 CR (YOY) ,UP 22 % (QOQ)
EBITDA OF 6.5 CR V 25.4 CR LOSS (YOY),31.4 CR LOSS (QOQ)
MARGINS AT 4.07 % V -15.2 % (YOY), -24 % (QOQ)
WIM PLAST Q3 :CONS NET PROFIT UP 5 % AT 13.53 CR (YOY), UP 19 % (QOQ)
REVENUE UP 7 % AT 93 CR (YOY) ,UP 19 % (QOQ)
EBITDA UP 7 % AT 15.64 CR (YOY),UP 30 %(QOQ)
MARGINS AT 16.8 % V 16.8 % (YOY),15.4 % (QOQ)
MERCURY EV Q3 :CONS NET PROFIT UP 708 % AT 4.28 CR (YOY), UP 169 % (QOQ)
REVENUE UP 679 % AT 35.6 CR (YOY) ,UP 84 % (QOQ)
EBITDA UP 537 % AT 6.05 CR (YOY),UP 210 %(QOQ)
MARGINS AT 17 % V 20.78 % (YOY), 10 % (QOQ)
TATA INVESTMENT Q3 : CONS NET PROFIT DOWN 63 % TO 19.6 CR YOY, DOWN 84 % QOQ
REVENUE DOWN 93 % TO 3.7 CR YOY, DOWN 97 % QOQ
FAZE THREE Q3 :CONS NET PROFIT DOWN 30 % AT 8.87 CR (YOY),UP 25 % (QOQ)
REVENUE UP 29 % AT 178 CR (YOY) ,UP 17 % (QOQ)
EBITDA DOWN 6 % AT 21.8 CR (YOY),UP 24 %(QOQ)
MARGINS AT 12.27 % V 16.9 % (YOY),11.55 % (QOQ)
HINDUSTAN NATIONAL GLASS Q3 :CONS NET LOSS AT 6.7 CR V44.57 CR PROFIT (YOY), 12.1 CR PROFIT (QOQ)
REVENUE DOWN 32 % AT 417 CR (YOY) ,DOWN 4 % (QOQ)
EBITDA DOWN 89 % AT 6.56 CR (YOY),DOWN 74 %(QOQ)
MARGINS AT 1.57 % V 9.65 % (YOY), 5.86 % (QOQ)
ONE GLOBAL Q3 :NET PROFIT UP 138 % AT 3.47 CR (YOY), UP 54 % (QOQ)
REVENUE UP 130 % AT 33.3 CR (YOY) ,UP 72 % (QOQ)
EBITDA UP 141 % AT 4.81 CR (YOY),UP 57 %(QOQ)
MARGINS 14.4 % V 13.75 % (YOY),15.8 % (QOQ)
PM Modi: Had a wonderful meeting with US Vice President JD Vance and his family, discussing various topics.
Musings on Market Correction
Interesting charts, data points and investing perspective
A data-backed thread
https://x.com/BeatTheStreet10/status/1882048797230129635
Some thoughts on extreme Bull / Bear Markets - What worked for us?
More than process/framework/analysis etc what matters most is how much you control your emotions and how much your investing decisions are not impacted by those emotions.
If you are able to keep emotions in control, everything remains sorted.
Rahi baat bottom fishing ki to SIP & Lump Sum are best way.
In this way, you will be less impacted by Markets during such scenarios and can obviously focus on doing something productive
Last but the least
Read Business, Not Stock Prices
LANCOR HOLDINGS Q3 :CONS NET PROFIT DOWN 1% AT 1.27 CR (YOY), DOWN 69 % (QOQ)
REVENUE UP 47 % AT 45.47 CR (YOY) ,DOWN 21 % (QOQ)
EBITDA UP 35 % AT 14.91 CR (YOY),DOWN 45 %(QOQ)
MARGINS AT 14.91 % V 16.2 % (YOY), 21.3 % (QOQ)
LANCOR HOLDINGS Q3 :CONS NET PROFIT DOWN 1% AT 1.27 CR (YOY), DOWN 69 % (QOQ)
REVENUE UP 47 % AT 45.47 CR (YOY) ,DOWN 21 % (QOQ)
EBITDA UP 35 % AT 14.91 CR (YOY),DOWN 45 %(QOQ)
MARGINS AT 14.91 % V 16.2 % (YOY), 21.3 % (QOQ)
ADANI POWER : Clarification On Reports " Bangladesh seeks full power supply restoration from Adani Plant”
Co. says Power dispatch depends on the procurer's changing needs. Generators declare supply, and procurers, like Bangladesh Power Development Board, schedule and adjust generation as needed per contracts.
NUVAMA ON DEVYANI INTERNATIONAL
Maintain Buy, target price ₹214 (FROM ₹208)
Indian business had another weak quarter
KFC: Negative SSSG continues; brand margins improve sequentially
Management remains bullish on KFC and will continue with stores as well brand investments in this format
Maintained a cautious stance on Pizza Hut
The Thailand businessstabilised sequentially despite geopolitical challenges
NUVAMA ON BIRLASOFT
Maintain 'REDUCE' with a target price of ₹465 (earlier ₹540) D
Continues to disappoint on growth as well as deal wins
Revenue is likely to decline further in Q4 due to furloughs extension and client ramp-down
The weak exit rate, along with soft TCV, paints a dismal picture for FY26 as well
Cutting FY25E/26E EPS sharply by -5%/10%
CLSA ON VODA IDEA
MAINTAIN UNDEPERFORM
TARGET: 6
Q3 Revenue Below Est, EBITDA In-Line
Led By Tariff Hikes, ARPU Was Up 4% QoQ At 163 (Lags Bharti Airtel By 25%)
Co's Subscriber Loss Continued At 5 m QoQ & 15.4 m YoY To 200 m
With Co's Higher-Than-Expected Subscriber Loss, Cut FY25-27 Rev & EBITDA Est By 2-5%
Also Awaited Is Co's Debt Fundraising
NUVAMA ON APOLLO HOSPITAL
Retain Buy, target price 8200 (FROM ₹8550)
Geared up to post 15% hospital revenue growth as occupancy inches closer to 72%
Given investment in specialty and ~1700 bed additions over next two years
Management is confident of sustaining 24% margin as Kolkata and Delhi facilities achieve speedy breakeven
Slower-than-expected ramp up in 24/7 but efforts to breakeven remain intact
Cutting FY26E/27E EBITDA by 3%/5%
MSCI REBALANCING
MSCI Small Cap Index
19 Additions
AFCONS INFR, AKUMS DRUGS, ALLIED BLENDERS, ASK AUTO ,BLACK BOX, CARTRADE TECH, E2E NETWORKS, GREAVES COTTON, JYOTI CNC, KOVAI MED, MANORAMA , OLA ELECTRIC, PEARL GLOBAL, SHAILY ENG ,SUNDARAM CLAYTON, TBO TEK, V2 RETAIL, WEBSOL ENERGY & ZAGGLE PREPAID
MSCI REBALANCING
MSCI Small Cap Index 19 Deletions
ADVANCED ENZYME, BAJAJ HIND , BALMER LAWRIE, BHARAT BIJLEE, DB CORP, DCB BK, FINEOTEX, JAI CORP, JAMNA AUTO, LA OPALA, MAGELLANIC CLOUD, MAHINDRA LOGISTICS, SANGHVI MOVERS, SHIVALIK BIMETAL, SPANDANA SPHOORTY, SULA VINEYARDS; SPARC, VST IND & WEST COAST
MSCI February Index Review
MSCI India - Standard Index
Inclusions - Hyundai India
Exclusions - Adani Green Energy
Indusind Bank to see weight increase of $258 m (est. As per IIFL Capital (Alt Desk)
19 Additions & 19 deletions from MSCI India smallcap Index
MSCI REBALANCING
INDIA’S WEIGHT NOW STANDS AROUND 19% VS 19.8% BACK IN NOVEMBER 2024, WHILE THAT OF CHINA HAS INCREASED TO 27.1% VS 26.8% EARLIER
NET PASSIVE FLOW OF $850 MN TO $1BN
ADJUSTMENT TO HAPPEN ON FEBRUARY 28
Jefferies on ITC Hotels
Initiate Buy with TP of Rs 240
Well diversified #2 in the listed space
Hotel sector tailwinds + recent new Hotels to drive growth
Playbook of mgmt contracts to also help improve returns
Earning to grow at 19% CAGR over FY24-FY27 also aiding improvement in ROCEs to 12% by FY27
Trades at a 25%+ discount to Indian Hotel, which we believe can narrow
HSBC ON PERSISTENT SYS
MAINTAIN HOLD TARGET: 5,650
Mgmt Sees Continued Global IT Spend Uncertainty In 2025
While Market Share Gains For Co May Continue
Co's Growth In FY26 To Stay Broad-Based
Mgmt Is Confident It Can Reach $2 Bn Revenue By FY27E, A 19% CAGR
Co Is The Top Performing IT Co But Valuation Looks Expensive At C55x FY26E EPS..
CLSA ON CEMENT
Expect Cement Demand To Accelerate In Q4 & Heading Into FY26 After A Weak Last Year
Analysis Of Fifteen Listed Cement Cos Indicates A Mid-Single-Digit Vol Growth In Q3
Vol Growth Saw An Uptick In December
Channel Checks Indicate 6-8% Growth In January On A High Base Last Year
Resilient Demand Has Led To Attempts To Increase Prices
Current Spot Cement Price 1.5-2% Higher Than The FY25 YTD Average
If Current Prices Hold Up, We Expect FY26 Estimates To Be Met
Turned Incrementally More Constructive On The Sector
Prefer Ambuja, Ultratech In Large Caps & Dalmia In Mid-Caps
HSBC ON APOLLO HOSPITALS
MAINTAIN BUY TARGET: 8,130
(PREVIOUS TARGET: 8,730)
Q3 Hospital Rev Rose 13% YoY, Led By A Pick-Up In Volume And Mix
Other Segments Also Grew Mid-To-High-Teens
Apollo Aims For Cost Breakeven In 24/7 Platform Over Next 3-4 Quarters
Cost Breakeven in 24/7 Led By Value-Added Services Including Insurance
Progress In In Bed Additions For HCS & Profitability Pick-up For 24/7 Key
KHAZANCHI JEWELLER Q3 : NET PROFIT UP 65 % AT 15.29 CR (YOY), UP 5% (QOQ)
REVENUE UP 90 % AT 393 CR (YOY) ,UP 5 % (QOQ)
EBITDA UP 63 % AT 16.85 CR (YOY),UP 10 %(QOQ)
MARGINS AT 4.27 % V 4.96 % (YOY), 4.07 % (QOQ)
WATERBASE Q3 ; NET LOSS AT 3.9 CR V 4.15 CR LOSS (YOY), UP 59 % (QOQ)
REVENUE DOWN 10 % AT 66.7 CR (YOY) ,UP 8 % (QOQ)
EBITDA LOSS AT 3.2 CR V 2.4 CR LOSS (YOY), 4.33 CR LOSS (QOQ)
MARGINS AT -4.8 % V -3.3 % (YOY), -7 % (QOQ)
RITCO LOGISTICS Q3 :CONS NET PROFIT UP 24 % AT 10.84 CR (YOY), UP 2 % (QOQ)
REVENUE UP 31 % AT 312 CR (YOY) ,UP 12 % (QOQ)
EBITDA UP 16 % AT 22.75 CR (YOY),UP 6 %(QOQ)
MARGINS AT 7.25 % V 8.2 % (YOY), 7.7 % (QOQ)
ANJANI FOODS Q3 :CONS NET PROFIT UP 84 % AT 0.46 CR (YOY), DOWN 2 % (QOQ)
REVENUE UP 22 % AT 16.5 CR (YOY) ,UP 4 % (QOQ)
EBITDA UP 35 % AT 1.32 CR (YOY),UP 10 %(QOQ)
MARGINS AT 8 % V 7.2 % (YOY), 7.6 % (QOQ)
AHLUWALIA CONTRACTS Q3 :CONS NET PROFIT DOWN 29 % AT 49.5 CR (YOY), Up 28 % (QOQ)
REVENUE DOWN 7 % AT 84.4 CR (YOY) ,DOWN 6 % (QOQ)
EBITDA DOWN 25 % AT 84.4 CR (YOY),UP 15 %(QOQ)
MARGINS AT 8.88 % V 10.9 % (YOY),7.2 % (QOQ)
UBS on Voda Idea
Buy, TP Rs 13
Q3FY25: Broadly in-line
Rev grew 1.7% QoQ, with ARPU increase of 4.5%QoQ to Rs163 (vs UBSe of Rs164)
EBITDA up 3.6% QoQ with EBITDA margin rising to 42.4%, up 77bps QoQ)
Will keep an eye on Capex plan, 5G coverage & any potential AGR relief measures
RACE ECO Q3 :CONS NET PROFIT UP 168 % AT 1.58 CR (YOY), UP 119 % (QOQ)
REVENUE UP 132 % AT 168 CR (YOY) ,UP 58 % (QOQ)
EBITDA UP 105 % AT 3.02 CR (YOY),UP 62 %(QOQ)
MARGINS AT 1.8 % V 2 % (YOY), 1.76 % (QOQ)
EPL Q3 :CONS NET PROFIT UP 9 % AT 93.5 CR (YOY), UP 7 % (QOQ)
REVENUE UP 4 % AT 1014 CR (YOY) ,DOWN 7 % (QOQ)
EBITDA UP 10 % AT 201.5 CR (YOY),DOWN 10 %(QOQ)
MARGINS AT 19.87 % V 18.8 % (YOY), 20.5 % (QOQ)
JP Morgan On Sail
Neutral, TP Rs 112
3Q EBITDA broadly in line
Adj PAT missed est. due to higher taxes
While sales vol grew 16% YoY in 3Q, production declined 3% YoY & believe Co may miss its FY25 sales vol guidance of 18Mt
Expect leverage ratios to remain under pressure
SYSTEMATIX ON FINOLEX INDUSTRIES
• Finolex Industries' 3QFY25 was impacted due to continued soft demand and intense competition
• Intense competition led to higher discounts and impacted on realization and margins
• Annual capex of Rs 1-1.5bn for 2 years will be utilised to enhance capacity
• Cut EBITDA estimates by ~4% on lower margins expectations
RAJ RAYON IND Q3 :CONS NET PROFIT UP 300 % AT 8.15 CR (YOY), 4.31 CR LOSS (QOQ)
REVENUE UP 17 % AT 229 CR (YOY) ,UP 8 % (QOQ)
EBITDA UP 33 % AT 13.56 CR (YOY),UP 549 %(QOQ)
MARGINS AT 5.9 % V 5.2 % (YOY),1 % (QOQ)
*News Headlines from Business News Agencies:*
*Business Standard*
Honeywell, AM Green sign MoU to advance carbon capture, SAF in India
magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app
Uttar Pradesh govt readies policy to boost leather, footwear exports
By end of 2026, entire country will operate exclusively on 5G: Piyush Goyal
Welfare scheme benefits causing labour shortages in construction: L&T MD
US demand squeezes India's gold supply, leasing rates rise to record high
Granite producer Midwest gets Sebi nod for IPO worth Rs 650 crore
Supply of affordable housing down but not demand: HDFC Capital MD & CEO
Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka
Railways' capex meets targets, likely to remain at the same level
Shriram Finance eyes 20-fold growth over next 3 years in green portfolio
India plans to cut tariffs on 30 products to avoid US reciprocal duties
*Economic Times*
GE Aerospace signs contract with IAF for T700 engine sustainment
BP inks pact with EIL to collaborate on oil, gas and refining activities
Govt to focus on 20 countries, certain sectors to boost exports
Lennox India expands its GCC in Chennai with $6 mn investment
Digantara to set up spacecraft manufacturing facility in the US
Govt says 2.05 cr farmer IDs created under Digital Agriculture Mission
Keystone Realtors October-December net Rs 30 cr, total income Rs 458 cr
Oyo to invest USD 10 mn for growth of US-based G6 Hospitality's digital assets
India’s office market on track for record leasing in 2025
Lennox India expands its GCC in Chennai with $6 mn investment
Rolls-Royce to double sourcing from India over the next five years
*Mint*
Govt launches tenth round of bidding for oil & gas blocks
Indian steelmakers, reeling under lower prices, brace for Trump's 25% tariff
China’s cabinet pledges to boost spending, attract foreign investment
India likely to maintain ban on Chinese investments: CEA Nageswaran
Musk’s $97.4 billion OpenAI bid piles pressure on Altman
Pharma companies turn to AI to speed up drug development, but hit hurdles
Eicher Motors bet on volume over margin dampens confidence
Centre releases ₹1.11 lakh crore interest-free loan to states
Reliance Capital acquisition: IIHL to acquire Anil Ambani’s company by Feb 26
Centre can't levy service tax on lottery distributors, rules Supreme Court
Apollo Hospitals driving up high complexity care, to keep focus on core metros
IND SWIFT LAB Q3 :NET LOSS AT 5.49 CR LOSS V 14.96 CR LOSS (YOY), 4.11 CR PROFIT (QOQ)
REVENUE UP 17 % AT 120 CR (YOY) ,DOWN 14.39 % (QOQ)
EBITDA UP 63 % AT 7.32 CR (YOY), DOWN 49 %(QOQ)
MARGINS AT 6.1 % V 4.37 % (YOY), 10.5 % (QOQ)
IND SWIFT : Board approved Sale/Disposal of assets which have been non-operational and un-utilized for quite some time
The funds raised from the said sale/Disposal of assets shall be utilized for the repayment of the Debt of the Company
Nomura on Trump Steel Tariff
Trump tariffs 2.0 are not same as 2018 tariffs
Latest tariffs are applied universally without exception
This implies that China might not require similar means to remain competitive in the market
Nomura on Sansera Eng
Buy, TP Rs 1668
3Q in line; growth momentum to pick up led by nonauto
Co received price revision from its Swedish customer which benefited margins in 3Q
Management commentary: Non-auto: Outlook remains +ve; Boeing orders have recovered; Airbus to ramp up
CITI on Apollo Hospitals
Buy, TP cut to Rs 8260
Reported decent, albeit slightly below expectation 3Q
HSBC on Persistent
Hold, TP Rs 5650
Management sees continued global IT spend uncertainty in 2025, while market share gains for Persistent may continue
Co’s growth in FY26 to stay broad-based; management is confident it can reach $2bn rev by FY27e, a 19% CAGR
Jefferies on Apollo Hospitals
Buy, TP cut to Rs 7900
3Q in-line with despite hospital revenue being impacted by 1.5% by lower patient flow from Bangladesh
Morgan Stanley on SAIL
Maintain Underweight with target price of Rs 115
Q3 results largely inline
Adjusted for higher volumes, realizations on reported numbers were in line
UBS on Apollo Hospitals
Buy, TP raised to Rs 8500
Robust performance; re-rating likely due
Relative lower val offer an attractive opportunity
GS on Neuland Labs
Buy, TP Rs 15850
Sales/EBITDA growing 1%/-29% yoy, primarily impacted by a sharp downturn in CMS segment
EBITDA margin came at 21.8%(-474bps vs. GSe), on back of lower gross margins & operating deleverage
Expect topline to accelerate by 34% yoy in FY26E
Macquarie on BirlaSoft
O-P, TP Rs 710
Revenue in US$ terms was down 1.5% QoQ and 3.9% below estimate
Pass-through revenue declined and offshore revenue proportion increased
Management said furloughs were higher than usual in 3QFY25.
LUPIN: The Board approved the transfer of the OTC Business to a new wholly owned subsidiary (New WOS).
The Business Transfer Agreement is expected by April 30, 2025.
Expected consideration: ₹550 Cr–650 Cr
FY24 OTC revenue: ₹148.2 Cr (1% of standalone turnover).
Net worth as of March 31, 2024: (₹3.5) Cr (-0.02% of standalone net worth).
MSCI INDIA SMALLCAP INDEX
MAJOR LOSERS: IN Deletion LIST
Stocks % Off 52-wk Highs
Jai Corp 71%
SPARC 68%
Spandana 68%
Sanghvi Movers 67%
Bharat Bijlee 47%
SW SOLAR: MORGAN STANLEY FUND BOUGHT - NET 2.17 LKH SHARES IN YESTERDAY'S TRADE @ ₹ 282/SHARE
STAR PAPER: SHARAN CHHAJER SOLD - 1.1 LKH SHARES IN CO. IN YESTERDAY'S TRADE @ ₹ 179.01/SHARE
RAVIRAJ DEVELOPERS LTD BOUGHT - 1.05 LKH SHARES @ ₹ 179.09/SHARE
IRCON Q3 :CONS NET PROFIT DOWN 65 % AT 86.5 CR (YOY), UP 313 % (QOQ)
REVENUE DOWN 11 % AT 2612 CR (YOY) ,UP 7 % (QOQ)
EBITDA DOWN 49 % AT 131.5 CR (YOY),DOWN 34 %(QOQ)
MARGINS AT 5.03 % V 8.8 % (YOY), 8.2 % (QOQ)
CDSL: Company becomes the first depository to register more than 15 crore Demat accounts
HAPPY FORGINGS; Happy Forgings Signs MoU For Long Term Supply of Heavy, Forged and Precision Machined Industrial Components
HFL's MoU sets terms for a long-term supply contract starting in 2028.
It expands into heavy-weight forged and machined components (up to ~1,000 kg) for industrial and mining use. The customer invests INR 20 crore for tooling and development, with testing in 2027.
The contract aims for INR 95 crore annual revenue, with a peak potential of INR 160 crore.
SOUTH WEST: SWPE received an LOI from Odisha Lift Irrigation Corporation for deep bore well installation for a solar pumping system in Odisha.
The contract is valued at ~Rs. 10.11 crore, including GST.
LUPIN Q3 HIGHLIGHTS
US sales up 10.8% at $235 m vs $212 m (YOY)
US sales improve led by gPred Forte (180-day exclusivity)
India business Up 12% YOY led by growth in chronic therapies
Margin slightly better than guidance of 22-23%
CYIENT DLM: Cyient DLM signed a production contract with Boeing Global Services for precision-machined parts, strengthening their aerospace partnership.
BEML: BEMI. , has signed a strategic partnership with STX Engine, a renowned South Korean company, to co-develop, manufacture, and market Battle Tank engines, marine engines, spares, and engine aggregates.
The agreement also includes servicing and maintenance of engine components to cater to Indian defence needs while exploring export opportunities to friendly nations.
BEML's engineering excellence with STX Engine's expertise in engine technology, the partnership is poised to drive innovation, reduce import dependency, and build a robust domestic manufacturing ecosystem.
As part of this alliance, BEMI. will optimize production processes tailored to specialized engine manufacturing, while also accelerating localization and indigenization initiatives
386 cos out of NSE 500 have seen 15% revenue growth, In Q3, midcaps have seen 14-15% earnings growth, small caps have seen 10-11% earnings growth
High frequency data like toll collection, power generation is coming back, consumer discretionary will also start to perform later in the year
Pankaj Tibrewal, IKIGAI Asset Manager to CNBC-TV18
IRCTC Q3 HIGHLIGHTS
Co. Reported all-time high revenue of INR 1225 crores
Internet Ticketing: Revenue of INR 353.72 crores, reflecting a 5.4% year-on-year growth. Margin remained strong at 84.7%.
Catering: Revenue rose to INR 554.81 crores, an increase of 15% quarter-on-quarter and 9% year-on-year. Margin declined to 12.19% due to low margins in the segment.
Tourism: Revenue reached INR 224 crores, marking an 80% quarter-on-quarter increase and a 16% increase year-on-year. This was driven by the operation of luxury trains like Maharaja Express and increasing business in the state tourism segment.
Rail Neer: Revenue of INR 92.3 crores, reflecting a 7% quarter-on-quarter increase and a 16% year-on-year increase.
IRCTC OUTLOOK
Co. are exploring opportunities to enhance non-conventional sources of income beyond convenience fees in the internet ticketing segment.
In catering, they are focusing on creating infrastructure and a network of base kitchens to capitalize on the increasing demand for catering services.
In tourism, co. are expanding their luxury train offerings and capitalizing on the growing demand for domestic tourism.
GLENMARK PHARMA: Glenmark Pharmaceuticals Inc., USA launches Clindamycin Phosphate Foam, 1%
Market opens with minor changes. Nifty below 23,100 & Sensex around 76,200
Vedanta: Parent Vedanta Resources in stake sale talks. with global investors for Zambia Copper mines - MC
HG INFRA: HG Infra Engineering JV wins ₹2,196-crore contract for New Delhi Railway Station revamp
TODAY'S SOME Q3 RESULT DRIVEN ACCIDENTS
GENSOL DOWN 10 %
TIME TECHNO DOWN 8 %
GOPAL SNACKS DOWN 6 %
TECHNOCRAFT IND DOWN 7 %
NTPC ,BHEL , POWER MECH, WALCHANDNAGAR IND., MTAR TECH: Ahead of US visit, PM Modi and Vance discuss nuclear energy in Paris
DSP MF Says During Corrections, SMIDs In The Past Have Underperformed Large caps By 1.5-2x
Good To Start With A SIP When There Is A Panic Driven Fall
Another 5-6% Correction Possible At Nifty Level
HEG: Board approved the increase of the existing investment limit from Rs. 250 Crores to Rs. 350 Crores, in one or more tranches.
GLOBAL HEALTH Says Have Been Very Conscious In Taking Price Hikes Specifically In Lucknow & Patna
ARPOB Has Seen Some Impact Of Seasonality On Sequential Basis

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