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February 10, 2025
- OYO posts 564 per cent jump in Q3 profit after tax of Rs 166 crore: reports
- Ritesh Agarwal-led OYO posts significant growth in all major financial figures for the third quarter in a period that saw major international acquisitions, according to Agencies
- https://www.theweek.in/news/biz-tech/2025/02/09/oyo-posts-564-per-cent-jump-in-q3-profit-after-tax-of-rs-166-crore-reports.html
- Travel tech and budget hotel aggregator OYO posted a third-quarter revenue of Rs 1,695 crore for the third quarter ending December 2024. This was a 31 per cent jump from the year-ago topline of Rs 1,296 crore, a significant improvement from the flat revenue trends from the last fiscal year.
- Agencies that accessed the documents stated that OYO saw a 22 per cent jump year-on-year in the quarterly adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 249 crore. However, the true highlight was the profit after tax (PAT) for the three-month period, growing around six times to an impressive Rs 166 crore, from last year's Q3 PAT of Rs 25 crore.
- Gross booking value (GBV) improved 33 per cent to Rs 3,341 crore, stated the Agencies with access to the documents.
- The reported financial figures excluded the ones from the recently acquired G6 Hospitality, it noted.
- "OYO was able to demonstrate its ability to run profitable operations, but the topline growth trajectory was a question mark. The renewed focus on revenue growth has borne results with the company showing a 31 per cent increase in topline," a source close to the company told Agencies.
- Robust performance across core markets of India and the US, with significant contributions from Southeast Asia and the Middle East, aided the company's growth in the quarter.
- OYO's latest bid to premiumise its overall portfolio saw it absorb G6 Hospitality in the US, but also add French rental home firm Checkmyguest to its kitty.
- Rating agency Moody's recently upgraded OYO's rating to B2 from B3, while maintaining a stable outlook. Moody's also sees OYO's EBITDA for the fiscal 2025-2026 to hit USD 200 million, factoring in earnings consolidation from its latest acquisitions.
- Reliance Infra received a settlement amount of 6500 crore from CPL
- https://t.me/BeatTheStreet10
- The dispute of the Company with CPL stands fully settled, pursuant to which assets/economic interests in assets of CPL of Rs. 5,777.13 crore
- stand assigned/transferred to the Company and Rs. 726 crore being the decreed amount stands converted into secured loan, with customary representations, warrantees and indemnity in favour of the Company.
- Inspirisys solution Ltd it's foreign multinational IT Japanese company. Promoter holding 70% + 11% total 81% holding control by CAC japan
- BEAT THE STREET BULLETIN
- Date: 10-Feb-2025
- Telegram: [t.me/beatthestreet10]
- Order Wins
- - BHEL secures an ₹8,000 crore order from MAHAGENCO for Koradi Thermal Power Station.
- - Western Carriers wins a ₹1,089 crore multimodal logistics contract from Vedanta Ltd. for transportation services.
- - BEL bags a ₹962 crore order from the Indian Navy for the Electro-Optic Fire Control System.
- - IRCON wins a ₹194.5 crore order for tower installation under the Kavach project for Central Railway.
- - Teerth Gopicon receives a 39.4 MW solar power plant order from Jaipur Vidyut Vitaran Nigam.
- - Va Tech Wabag wins a ₹3,251 crore order for the Al Haer Sewage Treatment Plant in Saudi Arabia.
- - BHEL & Hitachi Energy consortium awarded a ₹3,251 crore HVDC link project for renewable energy transmission.
- - Meson Valves receives a ₹10.5 crore order for remote-control valves from a Canadian company.
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- Acquisitions
- - Gokaldas Exports acquires 9.37 crore shares and 1.58 crore convertible shares of BRFL Textiles for ₹67.74 crore.
- - Zaggle Prepaid acquires a 16.67% stake in Mobileware Technologies for digital payment innovation.
- - Western Carriers develops land near Morbi, Gujarat for container storage, railway yard, and cargo terminal.
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- Leadership Changes
- - Gujarat Gas appoints Pankaj Joshi as Chairman & Additional Director, effective Feb 7, 2025.
- - Delhivery appoints Namita Thapar as Independent Director.
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- New Projects
- - Jupiter Life receives approvals for a new hospital in Pune, with construction starting in March 2024.
- - Kross sets up a seamless tube plant in Jharkhand (1.2 lakh tons) with a ₹167 crore investment.
- - Waaree Energies commences commercial production at its solar cell facility in Gujarat.
- - Exxaro Tiles announces a ₹15 crore investment for a 4.2 MW solar project at Padra.
- - Brainbees Solutions invests ₹299.6 crore in Digital Age Retail Pvt. Ltd.
- - Sat Kartar invests ₹30 lakh in Plantomed Neutraceuticals Pvt. Ltd.
- - Kaynes Technology invests ₹16.5 crore in subsidiary Kaynes Holding for business expansion.
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- Miscellaneous
- - Max Estates invests ₹42.2 crore in Max Estates Noida, reducing shareholding from 100% to 60%.
- - Allied Blenders wins a court ruling, retaining the "Mansion House" and "Savoy Club" trademarks.
- - Apollo Sindoori Hotels infuses ₹7 crore for expansion of the Olive Plus Twist Avenues restaurant.
- - Onyx Biotec receives a ₹6 crore order from Mankind Pharma’s subsidiary for dry powder injections.
- - Goa Carbon resumes operations at its Bilaspur unit, production is now normalized.
- - Route Mobile announces that Guillaume Boutin will leave Proximus Group to join Vodafone.
- - Reliance Infra settles a dispute with CLE, acquiring assets worth ₹5,777 crore.
- - Xpro India provides a corporate guarantee of €24 million (₹220 crore) for Xpro Dielectric Films FZ-LLC, alongside a ₹60 crore investment.
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- Fundraising
- - NHC Foods Board to meet on Feb 12 for equity fundraising discussions.
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- Regulatory Updates
- - MTNL and BSNL receive a ₹6,000 crore boost for 4G network expansion.
- Stay Updated With Beat The Street
- GOKALDAS EXPORTS Q3
- LONG TERM OPPORTUNITIES
- US, EU, and China to drive apparel consumption in the coming decade.
- China losing market share due to rising labour costs, and geopolitical trade issues.
- Buyers seeking alternate production bases outside China, creating opportunities for major Asian suppliers like India. Bangladesh is impacted by internal issues and Vietnam by high factor costs.
- Key raw material prices have stabilized.
- India is well-positioned to capitalize on the opportunity
- Stable policy regime with the extension of RoSCTL till March 2026.
- Government incentives and support from state governments for low-cost locations.
- PLI scheme to boost investments in MMF and technical textile ecosystem
- HSBC India Strategy
- Growth is slowing, but the sell-off has created a good opportunity for companies with strong or improving growth
- Introducing 'India Five': Dixon Technologies, Maruti Suzuki, PB Fintech, Godrej Properties, and LTIMindtree
- GOKALDAS EXPORTS Q3
- NEAR-TERM CHALLENGES AND OPPORTUNITIES
- The shipping freight rates haves started to ease after recent rate spike due to early peak season shipments and longer shipping days due to alternative routes caused Red Sea issue.
- Inflation easing across key geographies leading to interest rate cuts.
- Retailers are indicating improved appetite for purchases as their inventory holding have started reaching optimal level.
- BofA On RBI Outcome
- The MPC steps up to the plate after fiscal fireworks
- Stance left neutral, signals more room to cut
- Slow but steady cutting cycle on the cards
- BofA On RBI Outcome
- The MPC steps up to the plate after fiscal fireworks
- Stance left neutral, signals more room to cut
- Slow but steady cutting cycle on the cards
- WELSPUN CORP: CO'S ASSOCIATE CO EAST PIPES INTEGRATED CO, HAS ANNOUNCED THE SIGNING OFF CONTRACTS WITH DIFFERENT ENTITIES TO ESTABLISH A NEW PRODUCTION LINE FOR HELICAL SUBMERGED ARC WELDED PIPES IN IT’S FACTORY IN DAMMAM, THE COST OF THIS PROJECT IS RUPEES 113 CR
- PNC INFRATECH (VERY POSITIVE NEWS)
- MORTH reduces time period for disqualification from 1 year to 4 months from date of debarrment
- Was debarred on 18/10/2024-So on 18th Feb (In Next 8 Days)-Period of Disqualification Ends
- That day stock fell 20% on 18/10/2024
- Alert-Company and its 2 SPVs were debarred from participating in any tenders for 1 years
- Hitachi Energy
- Received LoI om Rajasthan Part I Power Transmisison Limited
- For Establishment of HVDC LCC terminal station of 6000 MW at Bhadla (Rajasthan) and Fatehpur (UP), + 800 kV HVDC
- Tejas Networks: signs collaboration agreement with NEC corp
- RVNL: L1 bidder for 210 cr order from South eastern railway
- BHEL: LoA for 2x660 MW BTG package of Koradi Thermal Power Station
- UBS On RBI Outcome
- Believe managing inter-bank liquidity is necessary for improving monetary transmission
- Maintain our base case that RBI will cut rates by a cumulative 75 bps in this cycle
- PNC INFRATECH ; MORTH reduces time period for disqualification from 1 year to 4 months from date of debarrment
- Was debarred on 18/10/2024-So on 18th Feb (In Next 8 Days)-Period of Disqualification Ends
- That day stock fell 20% on 18/10/2024
- Alert-Company and its 2 SPVs were debarred from participating in any tenders for 1 years
- Nomura on Hero MotoCorp
- Downgrade to Neutral from Buy with target price of Rs 4,594 vs Rs 5,805 earlier
- Near-term demand challenges key to watch
- Expect two-wheeler industry to face growth risks in FY26 due to slower GDP growth
- 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."
- CIPLA; Update on USFDA Inspection at Company’s manufacturing facility in Virgonagar, Bengaluru, India
- Co. Says United States Food and Drug Administration (USFDA) vide communication dated Friday, 7th February, 2025 (9.03 PM IST) has classified the above referred inspection as Voluntary Action Indicated (“VAI”).
- GOLD TRADES NEAR $ 2900 MARK
- HIKAL ; USFDA inspection at Jigani unit, Bengaluru, ended with six observations.
- 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%)
- JPMorgan On Appollo Tyres
- Maintain Overweight; TP at Rs 505
- Management expects replacement demand buoyancy to continue in India and Europe
- UBS on Apollo Tyres
- Maintain Buy; TP at Rs 525
- Valuations remains attractive with deleveraging and margin bounce-back
- Morgan Stanley On Apollo tyres
- Maintain Equal-weight; TP at Rs 515
- Management is seeing a recovery in demand in Europe and expects operating performance to improve going ahead
- PAYTM ; Paytm Travel and Agoda Partner to Offer Hotel Bookings Across Indian and Global Destinations on the Paytm app
- Expanding Paytm travel services by integrating Agoda's vast inventory and exclusive deals
- Providing seamless access to stay options across India and globally on the Paytm app
- Simplifying hotel bookings with Paytm Travel's intuitive interface and streamlined navigation for an enhanced travel experience
- 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.
- ADANI GREEN : Sri Lanka wants to renegotiate on the tariff for every unit of power with Adani Green - BL
- AEROSPACE IND : WINS RS 136 CR ORDER
- AEROSPACE IND : aerVolt has secured a ₹136.55 crore order for 100 MWp of 595 Wp TOPCon smart solar panels, marking a significant milestone in its renewable energy expansion.
- This order will boost revenue for FY 2025-2026 and strengthen cash flow.
- Installation of the 400 MWp solar panel manufacturing facility is on track for completion in early 2025, with delivery of the panels beginning in April 2025.
- CORRECTION : AERPACE IND : WINS RS 136 CR ORDER
- aerVolt has secured a ₹136.55 crore order for 100 MWp of 595 Wp TOPCon smart solar panels, marking a significant milestone in its renewable energy expansion. This order will boost revenue for FY 2025-2026 and strengthen cash flow. Installation of the 400 MWp solar panel manufacturing facility is on track for completion in early 2025, with delivery of the panels beginning in April 2025.
- AERPACE IND : Co. Says Once the certification and installation of our state-of-the-art factory are completed, aerVolt will commence manufacturing and deliver solar panels as per client requirements.
- NATCO PHARMA : NATCO and its alliance partner Lupin announces approval of its Abbreviated New Drug Application (ANDA) for Bosentan Tablets for Oral Suspension (generic of Tracleer®)
- NATCO PHARMA: Lupin Pharmaceuticals will market NATCO’s Bosentan TFOS in the U.S. for treating pulmonary arterial hypertension in pediatric patients.
- NATCO holds First-to-File status and expects 180-day exclusivity upon launch.
- The product had estimated U.S. sales of USD 11 million for the 12 months ending September 2024. Launch details remain confidential.
- MTNL GAINS 7 % ON NEWS REPORTS OF GOVT' RELIEF PACKAGE
- TEJAS NETWORKS : Govt Approves Rs 6,000 Cr For BSNL/MTNL : Multiple Reports
- note ; In Past , Tejas Bagged Order From BSNL
- METALS STOCKS FALLS ON TRUMP'S 25% TARIFF THREAT ON STEEL
- IOC , BPCL, HPCL ; New expenditure head created to provide for LPG subsidy gap - reports - NDTV PROFIT
- Singapore GRMs rise upto $8.7/bbl Vs $2.8/bbl Highest level in a year
- NITIN GADKARI Says Vidarbha is home to 75% of Maharashtra's minerals, 80% forests of Maharashtra are here - NDTV PROFIT
- It's the tiger capital, tourism has great scope
- Vidarbha seeing infra push, international airport being set up in Nagpur
- Advantage Vidarbha event sees investments worth Rs 5.5-6 lakh crore to
- JP MORGAN ON MAZAGON DOCK
- Retains Neutral Rating , Target Price Increased To 2262 From 2124
- The company exceeded margin expectations in the third quarter, thanks to significant orders in the pipeline.
- However, the order book has slowed, and there is still a risk of lower margins due to delays in securing major awards.
- Krebs Biochemicals : The Andhra Pradesh Pollution Control Board issued a stop-production order on February 7, 2025, received by the company on February 9, 2025, for its Kothapalli manufacturing unit, citing alleged violations of the consent to operate.
- Krebs Biochemicals ; This stop all production activities order will
- have impact on the Company's Income and profitability, depending on the period till which the manufacturing activities are stopped.
- HAL : HAL will showcase its indigenous products and technologies centred on the theme ‘Innovate. Collaborate. Lead’ at Today's Aero India 2025 Event
- MAZAGON DOCK : The Indian Navy has finalized a Rs 36,000 crore deal with Mazagon Dockyards Limited (MDL) for three Scorpene submarines, expected to be signed by March 31. - THE PRINT
- The deal comes ahead of Prime Minister Modi’s visit to France for the AI Summit.
- The new submarines will see certain design changes and will be similar to the one being supplied to Brazilian Navy. This also makes the 3 slightly larger than the previous 6.
- TILAKNAGAR IND FALLS 8 %
- NEWS ; Bombay High Court dismissed Tilaknagar Industries' (TI) motion against Herman Jansen Beverages and others, seeking an injunction on their use of the "Mansion House" and "Savoy Club" trademarks.
- LAST WEEK OF QUARTER 3 RESULT SEASON... MANY CO.S WILL ANNOUNCE THIER RESULT .. EXPECT HIGH VOLATILITY
- NIFTY BANK SLIPS BELOW 50,000 MARK
- MAHINDRA : MAHINDRA Chairman Says Remain Optimistic On Tractor Ind Seeing The Healthy Trend In Rural Area - CNBCTV18
- Tractor Industry Growth Seen At 15% In Q4
- Seeing A Lot Of Greenshoots In Rural Area
- Remain Optimistic On Tractor Ind Seeing The Healthy Trend In Rural Area
- Expect EV Margin To Match Up To ICE Margin Over A Period Of Time
- ZAGGLE PREPAID LOCKED IN 10 % LOWER CIRCUIT AFTER Q3 RESULT
- MAHINDRA Says Our Target Is To Have Market Share Of 40% In Every Segment We Are In
- Margin Will Be Slightly Lower As The Contribution Of EV Increases In Short Term - CNBCTV18
- PM's U.S. Visit Is Important As It's An Important Market For Us : MAHINDRA
- AKZO NOBEL Says In Very Early Stages Of Strategic Review Of The Biz w.r.t Sale Of Decorative Paints Biz - CNBCTV18
- Decorative Paints Biz Deal Timeline Could Be Anywhere b/w 6-9 Months
- Process To Sell Powder Coatings Biz & International Research Centre Is Underway
- Should Get A Valn Rpt On Powder Coatings And Intl Research Centre In A Couple Of Weeks
- Not Looking At A De-listing At This Point Of Time
- VA TECH WABAG Management On Recent Order win Worth Re 3215 Cr By Consortium
- Co. says Out of this Order , Wabag will execute Rs 1700 Cr + From this Order - CNBCTV183
- VA TECH : VA TECH WABAG Management On Recent Order win Worth Rs 3215 Cr By Consortium
- This is One Of the Largest Order In Co.s history
- REC Q3 CONCALL : Maintain FY25 AUM Growth Guidance Of 15-17%
- REC Says Will Continue To See 15-17% Loan Growth Over Next Few Years
- NTPC, BHEL , POWER MECH ,WALCHANDNAGAR IND , HCC ; PM Modi heads to France today for Al Summit: Announcement on civil nuclear cooperation likely - Mc
- VA TECH WABAG: Management Says Confident of 15-20 % Revenue Growth Guidance Over 3-5 Years Period- CNBCTV18
- HOV SERVICES Q3 NET PROFIT AT 1.32 CR V 0.62 CR YOY
- REVENUE AT 5.79 CR V 3.99 CR
- HOV SERVICES Q3 EBITDA AT 0.84 CR V 0.64 CR YOY
- MARGINS AT 14.5 % V 16.04 %
- MACQUARIE CAPITAL ON BANKS , Says 10-20 bps Compression Could Be Seen On NIMs Next Year - CNBCTV18
- Aero India 2025 will advance our vision of a strong, capable, secure & self-reliant India: Raksha Mantri
- Participation of over 900 exhibitors & 90 countries set to make it the biggest-ever Aero India till date; Approx. 30 Defence Ministers & over 100 OEMs to attend
- Aero India 2025 will advance our vision of a strong, capable, secure & self-reliant India: Raksha Mantri
- Participation of over 900 exhibitors & 90 countries set to make it the biggest-ever Aero India till date; Approx. 30 Defence Ministers & over 100 OEMs to attend
- Tariff concessions are being considered for sectors like electronics, medical equipment, and chemicals
- Concessions are planned for items India relies on US exports for, like dish antennas and wood pulp, aligning with India's domestic production goals - Reuters Report
- Indusind Bank & Bandhan Bank Are _ Trading At Cheaper Valuations : Macquarie
- Defence Minister Says Defence sector has seen a paradigm shift- Etnow
- It is as important as agriculture or infrastructure sector
- HAL has been given Maharatna status
- Budget has a good share of defence capex
- Mahindra Ceo Says Welcome all competition in EVs including global, as long as domestic manufacturing gets a boost
- Focus on steel especially has been related to dumping from China - CNBCTV18
- DEFENCE STOCKS : India plans to significantly increase exports from its defense industrial sector Says Defence Minister
- VA TECH : Management Says Earlier contract was not cancelled, rather tender was taken back
- We are working on the bid in tender process, we will submit bid in next 8 weeks - CNBCTV18
- Comfortable at 13-15% EBITDA margin range, guided for 15-20% revenue growth
- China's Xi Jinping has accepted Russia's invitation to attend Moscow's Victory Day celebrations in May, according to the Russian Ambassador to China, as reported by TASS.
- HAL : PM Modi - Trump Meet ; India in Talks with U.S. for Combat Vehicle, Fighter Jet Engine Deals - Reuters
- AARTI PHARMALABS Says Have good order book for CDMO - ETNOW
- They will come out with revised guidance after annual numbers
- All three segments are growing
- The company is going to see a lot of patent expiries in the next three years and has tied up with many players to take advantage of this opportunity
- AARTI PHARMALABS Management Says The new CDMO and CMO facility will be starting in Q1 of next year -ETNOW
- With new projects coming into the market, the company will see considerable growth in the future
- AARTI PHARMALABS Says The company will continue to operate between 20% to 24% gross margin going forward - ETNOW
- Full commercialization of the Atali project will take 9 to 12 months
- Some promoters wanted to rebalance their portfolio and hence have sold their stake
- Promoters do not have any more stake sale plans
- The margin profile from Xanthine will improve
- SHYAM RECYCLING : Company is in receipt of Purchase Order from M/s. Greenland Trading Pvt.Ltd, Hong Kong,for the total contract cost amounting to USD 600000.00 (Approx. INR 5.28 Crore)
- Co. to Supply 100 tons of Brass Billets for Export to China
- KPI GREEN : WINS ORDER
- M/s. Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received Letters of Award for development of solar power projects with a cumulative capacity of 15.90 MWDC under the ‘Captive Power Producer (CPP)’ business segment of the Company
- The projects are tentatively scheduled to be completed in the financial year 2025-26, in various tranches as per the terms of the orders.
- Taiwan Plans to Boost US LNG Purchases to Reduce Trade Surplus - BLOOMBERG
- CPC is in talks with an Alaska-based export project developer
- South Korea, Japan, EU are considering buying more US energy
- REALTY INDEX TOP LOSER, DOWN 2.4 %
- VARDHMAN POLYTEX ; CO. POSTPONED Q3 RESULT TO 14 FEB
- HAL : Dr D K Sunil, CMD inaugurated the HAL stall HALL E, LUH is the highlight of the HAL pavilion.
- JYOTI CNC Q3 ; On Capacity Expansion Plan
- Capacity enhancement of 6000 machines p.a. is already completed.
- Further production capacity enhancement of additional 10,000 machines p.a. to be completed in 2 fiscal years.
- AB COTSPIN ; AB Cotspin Bags Major 500 MT Order Worth around ₹15 Crore for Cotton Yarn
- AB COTSPIN ; Co. says Due to the political crisis in Bangladesh, global retailers are seeking alternatives like India for garment imports. India plans to boost its textile industry in next month’s budget with financial support, tariff cuts, and local production incentives.
- The government may increase production-linked incentives for textiles to 600 million rupees from 450 million.
- We expect to achieve Turnover of around ₹350 crore and EBITDA of ₹50-55 crore for FY 2025-26”
- AUSTRALIAN PREMIUM SOLAR ; WINS RS 33.28 CR ORDER
- CO. received purchase order of total Rs. 33,28,77,474/- from a client Company for supply of APS- Solar PV Modules
- Trump seeks to slash Japan trade deficit through LNG exports, tariffs - Nikkei
- VEEFIN SOLUTIONS; Veefin Solutions Limited has through its subsidiary Infini Systems Limited proposes to acquire up to 49% consisting of 4,900 Equity shares of White Rivers Media Solutions Private Limited For Rs 166 Cr
- Co. says We aim to increase revenue and efficiency by consolidating client relationships.
- VEEFIN SOLUTIONS; White Rivers Media Solutions Private Limited is a private limited Company incorporated in India on 15/07/2016.
- It is primarily involved in the business of Digital Marketing and Advertising Solutions
- Turnover of last 3 Years:
- As on 31.03.2024 – INR 113.85 cr
- As on 31.03.2023 – INR 97.57 cr
- As on 31.03.2022 – INR 95.14 cr
- MTNL ; MTNL's Board has confirmed the appointment of Shri Alok Shukla, Sr. DDG (Pers) at DoT, as a Government Nominee Director effective 30.01.2025 for three years or until his superannuation
- APEEJAY SURRENDRA PARK Q3 ; Management Says In Q3 FY25, ASPHL achieved India’s highest occupancy at 91% and led RevPAR in the Upper-Upscale segment.
- Its new luxury hotels, The Lotus Palace Chettinad and Ran Baas The Palace at Patiala, were well received. The soft opening of 'Zone Connect by The Park' in Prayagraj coincided with Maha Kumbh 2025.
- Flurys opened its 100th outlet, reinforcing its profitable, scalable business model and plans for national expansion.
- APEEJAY SURRENDRA PARK Says The Company recorded double digit growth during this quarter and achieved operating EBIDTA of 36% and Profit After Tax of Rs 32 Crores which is 17% growth over last year.
- Our development and growth plan remain on course, and we expect the growth momentum to further improve in the quarters ahead
- 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