Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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February 05, 2025

• Ministry of Coal Issued Vesting Orders for 7 Coal Mines Under Commercial Coal Mine Auctions
• Vesting orders were signed for seven coal mines, including Gawa (East) and Kerendari BC North. Five are partially explored, and two are fully explored, with a total PRC of ~13.10 MTPA and ~3,308 MT of geological reserves. These mines are expected to generate ~Rs. 1,327 crore annually, attract ~Rs. 1,965 crore in investment, and create ~17,500 jobs.
• With this, 107 coal mines have been allocated under commercial auctions, totaling ~246.60 MTPA PRC.
• BEAT THE STREET BULLETIN
• Date: 5-Feb-2025
• Telegram: [t.me/beatthestreet10]
• Q3 Updates
• - South West Pinnacle: Q3 net profit down 1% YoY to ₹4.15 Cr, up 938% QoQ, with a 15% YoY revenue increase.
• - JB Chemicals: Q3 net profit up 22% YoY to ₹162 Cr, down 7% QoQ.
• - Tilaknagar Industries: Q3 net profit up 23% YoY to ₹53.9 Cr, down 7% QoQ.
• - Tamilnadu Petro: Q3 net profit up 158% YoY to ₹11.7 Cr, with a 33% revenue rise.
• - Sharda Motors: Q3 net profit down 1% YoY to ₹75.4 Cr, flat revenue.
• - Apollo Micro Systems: Q3 net profit up 83% YoY to ₹18.24 Cr, slight QoQ revenue decline.
• - BASF India: Q3 net profit down 26% YoY to ₹103.5 Cr, with a 13% revenue rise.
• - Foods and Inns: Q3 net profit down 79% YoY to ₹0.78 Cr, with a 26% revenue increase.
• - Lemon Tree: Q3 net profit up 77% YoY to ₹62.4 Cr, with a 22% revenue rise.
• - Venus Remedies: Q3 net profit up 186% YoY to ₹19.6 Cr, with a 52% YoY EBITDA rise.
• - Triveni Engineering: Q3 net profit down 65% YoY to ₹48.12 Cr, with a 3% revenue increase.
• - Happiest Minds: Q3 net profit up 1% QoQ to ₹50.1 Cr, down 16% YoY.
• - Quick Heal: Q3 net profit down 97% QoQ, 99% YoY to ₹0.11 Cr.
• - Onmobile Global: Q3 net loss of ₹5 Cr, with a 37% YoY revenue increase.
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• Acquisition / Mergers & Demergers
• - India Glycols: Board approves composite scheme involving mergers and demergers of its subsidiaries.
• - Happiest Minds: Board approves a composite scheme for its subsidiary, PureSoftware Technologies Private Limited.
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• New Projects
• - Amber Enterprises: Groundbreaking ceremony for a new PCB-Assembly facility in Pune.
• - KPI Green Energy: Updates on 200MW Khavda Solar Project, confident of early completion.
• - NTPC: Signs PPA with the Indian Army for a 200 kW solar-hydrogen microgrid in Ladakh.
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• Leadership Changes / Legal Issues
• - Jai Corp: Bombay High Court orders CBI investigation into complaints involving the company and chairman.
• - Jai Corp: Social activist files plea alleging multi-crore money laundering and fraud, including SEBI penalties.
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• Collaboration
• - Southwest Pinnacle: Investment in Oman-based Al Hadeetha Mining LLC for exploration and mining.
• - PepsiCo: Reports double-digit organic revenue growth in India, with future expectations for moderate growth.
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• USFDA / Regulatory Approvals
• - Lupin: Receives tentative U.S. FDA approval for Darunavir combination tablets manufactured in Nagpur.
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• Fundraising
• - Remsons Industries: Board meeting on February 7 to consider fundraising via equity.
• - D.P. Abhushan Ltd.: Announces a board meeting on February 7 to discuss fundraising proposal.
• - Brigade Enterprises: Receives SEBI approval for a ₹900 Cr IPO for Brigade Hotel Ventures Limited.
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• Miscellaneous
• - Ventive Hospital: Utilizes ₹1400 Cr from IPO proceeds to reduce debt to ₹1736 Cr, with a reduced interest rate of 8.02%.
• - Hero MotoCorp: Receives two GST penalty orders totaling ₹456 Cr.
• - Sun Pharma: Faces a ₹160 Cr GST penalty.
• - Navarro: Praises Mexico’s cooperation on fentanyl issues during a Politico event.
• - Tech Mahindra: Wins Telangana HC ruling to file revised tax returns, halting tax recovery.
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• Order Win / Contracts
• - Brigade Enterprises: SEBI approval for ₹900 Cr IPO for Brigade Hotel Ventures Limited.
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• Other
• - AGS Transact: CRISIL downgrades long-term rating to “CRISIL D” due to delays in loan repayments.
• - Onmobile Global: Reports a 220% increase in profit before exceptional items YoY.
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• Stay Updated With Beat The Street
• TILAKNAGAR IND Q3 HIGHLIGHTS
• Net revenue from operations stands at Rs. 340 crore v/s Rs. 377 crore; due to RTM transition and associated price reduction in Andhra Pradesh
• Primary volumes grew 2.3% to 30.1 mn cases and secondary volumes grew 9.2% over the same period, while NSR stands at Rs. 1,161 per case
• Chairman Says Q3 FY25 Volumes and Revenues Impacted by RTM Change in Andhra Pradesh; EBITDA Growth Driven by Lower S&D Costs.
• Post-transition, we expect continued growth in Andhra Pradesh, with secondary volumes and market share improving. Q3 saw record volumes in Karnataka and growth in Telangana, Kerala, and Puducherry.
• We also repaid our Kotak Bank Term Loan, reducing gross debt to Rs. 45 crore, while remaining net debt-free.
• Our foray into Luxury, Craft and Premium Spirits has truly begun, with Monarch Legacy Edition Brandy getting very positive feedback from trade and consumers.
• We will now look to further penetrate within these segments, with Samsara Gin being the next play through our royalty arrangement with Spaceman Spirits Lab Pvt Ltd.”
• TILAKNAGAR IND Q3
• Market share expansion in Q3 FY25 in each of the key states (Karnataka, Telangana, Puducherry, Kerala) excluding Andhra Pradesh
• Market share recovery in Andhra Pradesh in the latter part of Q3 FY25, with December 2024 witnessing higher market share than even ‘pre-transition’ period in the state
• Continue to be the 3rd largest P&A IMFL player in Telangana and Karnataka, and largest IMFL player in Puducherry in Q3 FY25
• CEIGALL INDIA Q3 CONCALL
• The company expects to receive the appointed dates for VRK 11 and VRK 12 in the coming months.
• The company is targeting a debt reduction of Rs. 300-400 crores by the end of March.
• The company is exploring new verticals like tunneling and cut-and-cover methods to further diversify its business.
• The company is confident in achieving another year of solid performance.
• CEIGALL INDIA Q3 CONCALL
• The company expects to maintain its organic growth rate of 15-20%.
• The company expects to maintain its pure EPC margin of 12.5-13%.
• The company expects to achieve its annual guided number in terms of turnover and EBITDA margins.
• Fed's Powell will testify before the Senate panel on February 11th.
• EU Sees a Path to Negotiate With Trump to Avoid a Tariff Fight
• Trump said this week that EU duties ‘will definitely happen’
• EU trade ministers discussed the situation on Tuesday - BLOOMBERG
• D.P. Abhushan Ltd. announced a board meeting on February 7, 2025, to discuss a