Ratnaveer Precision Engineering Ltd, a leading manufacturer and exporter of stainless steel products, has reported a significant 66.75% year-on-year growth in revenue for the half year ended 30th September, 2024. The company has also achieved EBITDA of Rs. 50.99 Crs & PAT of Rs. 24.79 Crs for the same period, depicting growth of 74.78% & 53.18% respectively. The company is actively strengthening its presence in key international markets and developing new revenue streams from the defence sector. It has implemented phase 1 of capital expenditure and planned phase 2, with substantial orders received to the extent of Rs. 180 Crs. The company has raised Rs. 95 Crs via preferential allotment of equity shares and warrants, and further raising funds to the extent of Rs. 325 Crs. It is also evaluating inorganic growth options in terms of acquisitions. The company's focus is to reduce finance cost and improve its bottom-line in the next quarters.
The year started on a positive note as demand trends continued to exhibit gradual improvement on expected lines. During the half year, the domestic and export business posted a modest uptick in underlying volume growth on a sequential basis. This volume growth was delivered post demand in SS washer and Tube and Pipes division. Value Added Products such as clips had a soft start to the year due to competitive headwinds persisting in the bottom of the pyramid segment. The International business has delivered moderate growth on QOQ basis, driven by resilient and broad-based growth across European markets. We expect consolidated revenue growth to trend upwards during the year, on the back of an improving trajectory in domestic, volume growth and higher realizations due to the favourable pricing cycle in key domestic and export portfolios. The company is actively strengthening its presence in key international markets, contributing significantly to revenue growth. Moreover, it is focusing on developing new revenue streams for the pipes division from the defence sector, a move that promises exciting future prospects. The company has implemented capital expenditure for phase 1 to the extent of 80% and COD is expected on January 18 2025. The company has further planned phase 2 of capital expenditure for which land is identified and implementation’ to begin from January 2025 onwards. The company has also received substantial orders to the extent of Rs. 180 Crs which are being executed in next 3-4 months. The Company has registered a robust turnover of 2436.12 crores in H1 FY25. This represents a significant year-on-year growth of 66.75% compared to H1 FY24. The Company has achieved EBITDA of Rs. 50.99 Crs & PAT of Rs. 24.79 Crs for the H1 ended 30.09.2024 depicting growth of 74.78% & 53.18% in EBITDA & PAT respectively compared to H1 FY 24. This performance indicates strong business momentum across all key financial parameters, with particularly impressive operational efficiency as evidenced by the EBITDA growth outpacing revenue growth. The company has maintained healthy profit margins while achieving substantial scale in operations. We expect gross margin to expand on a year-on-year basis owing to a favourable portfolio mix. The company has also raised Rs. 95 Crs via preferential allotment. of equity shares and warrants and further raising funds to the extent of Rs. 325 Crs via preferential allotment of equity shares and warrants which shall be utilized for the Business Expansion, long term working capital requirement and General Corporate Purpose. This proposal is subject to requisite approvals from regulatory authorities. The company’s focus is to reduce finance cost and improve its bottom-line in next quarters. At the same time, the company is actively evaluating inorganic growth options in terms of acquisitions which are at advanced stage and shall contribute significantly in the growth of the company. We continued to adequately invest in brand building in line with our sffategic intent to continually strengthen the leng-term equity of both domestic and export markets. The revenue growth looks optimistic and Operating profit is expected to grow slightly ahead of revenue leading to a marginal inching up of operating margin on a year-on-year basis. The Company maintains its aspiration of delivering sustainable and profitable volume-led growth over the medium term, enabled by the strengthening export markets. The company is also looking to expand its global footprint by tying up local companies to diversify product lines and markets.
Sadhana Nitro Chem Ltd., a prominent manufacturer of intermediate speciality chemicals, has reported its earnings for Q2FY25. The company's revenue from operations stood at Rs. 32.71 Cr, up 6% QoQ. The EBITDA for the quarter was Rs. 9.71 Cr, a 4% increase QoQ. The Profit Before Tax (PBT) increased by 10% and Profit After Tax (PAT) soared by 1275% QoQ. The year-on-year performance was impacted by Chinese dumping, but the company remains optimistic about an optimistic recovery ahead.
Sadhana Nitro Chem has reported a resilient quarter, with Revenue from Operations up 6% quarter-on-quarter to Rs. 32.71 Cr and EBITDA up 4% quarter-on-quarter to Rs. 9.71 Cr. Profit Before Tax (PBT) increased by 10% and Profit After Tax (PAT) soared by 1275% QoQ. Our year-on-year performance was impacted by the continued challenge of Chinese dumping, which has weighed on our financials. The unsustainable margins of Chinese manufacturers are expected to shift eventually in our favour, ensuring an optimistic recovery ahead.
Waaree Energies Limited has reported a robust quarter with a 17% YoY growth in Profit After Tax (PAT) in Q2 FY25. The company's EBITDA also increased by 14% YoY, reaching 16.8%. The order book stands at an impressive ~20GW, reflecting the confidence of customers in the company's execution capabilities. The company produced 3.3GW in H1FY25, compared to 4.8GW for FY24. The Board of Directors has approved an investment of up to Rs. 6,000 Mn for setting up and development of infrastructure for renewable power projects and bidding pipeline.
Waaree Energies Limited is pleased to report the Production of 3.3GW in H1FY25 vs 4.8GW for FY24 as a result of strong operational focus. The order book as on Sep 30, 2024, stands at an impressive ~20GW, demonstrating the confidence our customers have in our execution capabilities. EBITDA grew 15% YoY in H1 FY25, clocking margins of 17.5%.
Accedere Ltd has announced its Q2 results for the period ended 30th September 2024, revealing a significant increase in revenue, EBITDA, and PAT compared to the same period last year. The company's revenue grew by 258%, EBITDA by 437%, and PAT by 531%. This growth is attributed to a focused approach to operations and long-term investments in workforce reskilling and service delivery. Accedere has also launched a new service, 24x7 CSOC, and introduced an AI-based GRC Controllo tool.
Accedere Ltd announced its half yearly results on November 12, 2014. On a YoY basis compared to last year's half yearly results the Revenue increased by 258%, EBITDA by 437% and PAT by 531%. The better results was due to our focused approach to operations. Although a challenging environment, we persisted with our long- term investments in workforce reskilling, and dedicated approach to service delivery on time.
SARDA Energy & Minerals Limited (SEML) has announced its Consolidated and Standalone financial results for the Second Quarter and Half Year ended September 30, 2024. The company's Consolidated revenue from operations has increased by 25% to INR 1,159 crores compared to the same period last year. The Operating EBITDA stands at INR 332 crores, a growth of 27% YoY, and the Profit Before Tax (PBT) is INR 276 crores, a 9% YoY increase. The Standalone revenues from operations have also increased by 15% to INR 763 crores. SEML recently acquired SKS Power Generation (Chhattisgarh) Limited, which has contributed to the results from August 21, 2024. The results are not comparable QoQ due to the seasonal nature of the Hydropower business and the impact of the acquisition.
Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is an energy and minerals company with operational iron ore and coal mines in Chhattisgarh and Thermal and Hydropower generation plants in different locations across India, with a growing portfolio of assets. It has total operational Thermal Power capacity of 761.50 MW and Hydropower capacity of 141.80 MW. It is also an integrated steel producer of long steel products having steel manufacturing facility at Raipur, Chhattisgarh and a leading producer and exporter of ferro alloys with manufacturing facilities at Raipur & Vizag. To know more, visit www.seml.co.in
Meson Valves India Limited, a globally recognized valve specialist, has announced its unaudited financial results for H1 FY25. The company reported a significant 79.05% surge in Standalone EBITDA, reaching 37.38 crore, and a 59.69% increase in PAT, resulting in a substantial 59.92% growth in EPS to 4.11. The consolidated performance also showed impressive growth, with a 74.12% EBITDA increase and a 51.90% rise in PAT.
We are delighted to report exceptional financial performance that underscores our operational excellence and market leadership. Our robust growth is reflected in the remarkable 79.05% surge in Standalone EBITDA to 7.38 crore, with margins strengthening by 265 basis points to 23.33%. The significant 59.69% increase in PAT and enhanced PAT margins of 13.18% demonstrate our strong operational efficiency, resulting in a substantial 59.92% growth in EPS to 24.11. On a consolidated basis, our performance continues to impress with a 74.12% EBITDA growth and margin expansion of 353 basis points. The 51.90% increase in PAT and improved PAT margin of 13.38% have driven our consolidated EPS Looking forward, we are executing an ambitious growth strategy through two new subsidiaries and a joint venture, strategically positioned in water treatment, shipbuilding, and metal casting sectors. These ventures represent our commitment to diversification and industry leadership. H20 Dynamics India Limited, our subsidiary, has emerged as a specialist in industrial wastewater treatment, demonstrating remarkable momentum in its launch phase. Within just 3-4 months of incorporation, the company has secured orders worth 27 crore, with additional prospects in the pipeline. This early success underscores both the market's strong demand for our solutions and our ability to rapidly scale operations while maintaining high quality standards. With a projected CAGR of 25% and targeted EBITDA margin improvement of 10-15% for the upcoming years, we are poised for exceptional growth and enhanced profitability. These strategic initiatives position us well to achieve our revenue targets and strengthen our market position. Our team remains focused on delivering sustainable growth and creating lasting value for all stakeholders.
Vishnu Chemicals Limited, a leading global player in the manufacturing of speciality chemicals, reported its unaudited financial results for the half year and quarter ended Sep 30, 2024. The company's consolidated revenues grew by 12.2% y-o-y in H1FY25 and 11.6% y-o-y in Q2FY25. The consolidated EBITDA Margin stood at 13.1% in Q2FY25. The company also announced two acquisitions: Jayansree Pharma Private Limited and a Chrome Mining Complex in South Africa.
In FY25, we have entered into two definitive agreements to acquire businesses that align well with our portfolio, enhancing both our operational capabilities and resilience to external pressures. Our strong, cash-rich balance sheet, coupled with a low-debt profile, continues to provide us with the flexibility to invest strategically in assets that drive long-term value for our shareholders.
We are pleased with the progress we have made in executing our enterprise strategy in a tough business environment. We continue to balance our long-term growth objectives with the realities of the current market conditions, positioning ourselves for sustained success as we navigate through these uncertain times.
Exhicon Events Media Solutions Limited has reported robust financial results for the first half of FY 2025, with a 56.62% sequential growth in total revenue and increased profitability. The growth is driven by strong organic growth and strategic acquisitions, contributing to increased operational capacity and market share.
Exhicon Events Media Solutions Limited Delivers Strong Financial Performance for H1 FY25. The company's performance highlights include substantial revenue growth, increased profitability, and margin expansion, which reflect Exhicon's strengthen market position and solid foundation for continued success.
AVRO India Ltd, a leading manufacturer of high-quality plastic molded furniture and a significant player in flexible plastic recycling, has announced its Q2 & H1FY25 results. The company reported a strong quarter-over-quarter (QoQ) increase in revenue, EBITDA, and PAT by 8%, 36%, and 26% respectively. However, on a year-over-year (YoY) basis, there is a drop in performance due to a strategic shift in the business. Despite this, the EBITDA margins showed an increasing trend. The company plans to increase its existing recycling capacity and expects its production of plastic furniture pieces to go up to 5 Mn shortly.
I’m pleased to share that AVRO India Ltd. delivered strong Q2FY25 results on a QoQ basis, even during a typically slow quarter for the industry... We also expect our production of plastic furniture pieces to go up to 5 Million pieces from the present 3 Million pieces shortly... With the expanding opportunity size in plastic recycling, the implementation of government EPR norms, robust capacity enhancement plans, an extensive distribution network, high-quality, cost-effective products with appealing designs, an experienced management team, and strong support from all our stakeholders, I believe we have a bright path for growth in the near future.
Bigbloc Construction Ltd, a leading AAC blocks manufacturer, reported revenue from operations of Rs. 51.66 crore for Q2FY25 ended September 2024. The company approved a bonus issue of equity shares in the ratio of 1:1 and final dividend of 20% for FY 2023-24. The promoters group increased their holding to 72.48%. BigBloc Building Elements Pvt Ltd, a subsidiary, doubled its manufacturing capacity to 5 lakh cubic meters per annum with a new solar plant. SIAM Cement Bigbloc Construction Technologies Pvt Ltd, a joint venture, launched India’s first AAC Wall Plant in Kheda, Gujarat.
The Q2 FY25 financial performance was primarily impacted by excessive monsoon conditions in Western India, which affected demand, production schedules, supply chains, and operational efficiency. The consolidated capacity utilisation of the three running plants was 60%, which was lower due to the Umargaon, Wapi plant being shut due to technology upgradation. We are optimist for a strong growth in the Q3 and Q4 of the FY25. Umargaon Plant upgradation has been completed as on 16 Oct 2024 and has commenced operations since which shall be scaled up gradually.
Ritco Logistics Limited has reported its financial results for the quarter ended 30th Sep 24, showing a 18.94% y-o-y growth in total income, a 17.96% y-o-y growth in EBITDA, and a 34.21% y-o-y growth in PAT. The company remains committed to innovation, excellence, and environmental responsibility despite challenges such as inflation and rising competition.
In the second quarter of FY 2024-25, Ritco Logistics Ltd., a pioneering force in logistics and supply chain solutions, proudly unveils its latest innovations designed to redefine the industry landscape. Driven by an unwavering commitment to operational excellence, environmental responsibility, and exceptional customer service, Ritco continues to lead with solutions that exceed modern standards. Amid a stable macroeconomic environment, Ritco Logistics has consistently delivered outstanding results across all business sectors, surpassing even the most ambitious forecasts. The company has seen notable growth in the steel and cement sectors, setting new benchmarks in efficiency. Despite the challenges of inflation affecting the industry, Ritco maintains a balanced and positive outlook, ready to lead with innovation and excellence.
Sky Gold Limited, a leading jewellery company based in Mumbai, reported its financial results for the quarter ended September 30, 2024. The company's Consolidated Financial Performance Snapshots showed a 94.2% y-o-y growth in Revenue from Operations, reaching Rs. 768.8 crores. EBITDA grew by 154.3% to Rs. 38.8 crores, and Profit After Tax (PAT) grew by 405.2% to Rs. 36.7 crores. The company also raised Rs. 270 Crs through a Qualified Institutional Placement (QIP) and is scaling acquired companies to achieve target sales of Rs. 500 Crs by Q4FY25.
We’re thrilled to share our results for another record-breaking quarter, led by the strength of our focused growth strategy and resilience in an evolving market environment. With a 94.2% year-over-year revenue increase, our progress reflects the impact of ongoing product innovation, enhanced capacity utilization, and synergies from recent acquisitions of Sparkling Chains and Starmangalsutra, along with the benefits of our recent Rs. 270 Cr fund raise. These initiatives have been instrumental in strengthening out working capital, expanding our footprint in key regions, and significantly boosting our addressable market share from 35% to 70%.
Suraj Estate Developers Limited, a leading real estate player in South Central Mumbai, has announced its unaudited financial results for the quarter and half year ended September’24. The company reported a significant surge in profit after tax (PAT) by 88% in Q2 FY25 and 97% in H1FY25. The total income for Q2 FY25 increased by 5.7% to Rs. 244.3 crore, and by 18.3% in H1FY25 to Rs. 490.8 crore. EBITDA for Q2 FY25 stood at Rs. 64 crore, a 1% increase from Q2 FY24, and Rs. 128.2 crore in H1FY25, a 16% increase from H1FY24. The company's gross debt stands at Rs. 429 crore and net debt at Rs. 381 crore as of 30th September 2024.
We are extremely pleased with our operational performance this quarter, particularly given that it traditionally represents a seasonally week quarter. Despite this, we achieved a commendable 14% growth in sales volume alongside a 10% improvement in realizations, showcasing the resilience and growing demand for our offerings. The year-over-year decline in finance costs is another positive development, largely attributable to utilization of IPO proceeds for debt repayment and reduced blended average cost of borrowings. These favorable financial conditions have contributed to strengthening our bottom line and overall financial stability. Additionally, our successful Rs 343 crore raise through a preferential issue of equity shares and share warrants marks a pivotal milestone, providing growth capital to support key initiatives, including land acquisitions, working capital enhancement, general corporate purposes, and issuance-related expenses. This funding is essential to expanding our operational reach. We are committed to deploying these funds strategically to consolidate our standing in the residential and commercial real estate sectors, seize emerging opportunities, and deliver sustainable, long-term value to our stakeholders. Our optimism regarding the potential within the MMR region remains steadfast, and we look forward to capitalizing on its growth prospects in alignment with our vision for a robust and diversified portfolio.
ABM Knowledgeware, a software and services company operating in the e-government niche, has announced its results for the quarter and half year ended 30th September 2024. The company reported a consolidated revenue from operations of Rs. 22 crores for Q2 FY 2024-25 and achieved a net profit margin of approximately 17%. ABM's Cloud-based Cybersecurity subsidiary, Instasafe Technologies, also posted strong results for the quarter.
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Kerala Ayurveda Ltd. (KAL) has reported a strong revenue growth in H1 FY 24-25, with consolidated revenue rising by 19.2% over PY H1. The company's Q2 PAT is up 319 Lakhs vs. Q2 PY, taking H1 PAT to 411 Lakhs. KAL is on track to accelerate its growth trajectory, setting a target to double its topline growth to 25-30% in this fiscal year. The company is making significant investments in world-class talent, advanced technology, and expanded international reach to solidify its position as a global leader in the Ayurveda industry.
KAL is on track to accelerate its growth trajectory, setting a target to double its topline growth to 25-30% in this fiscal year. This ambitious objective will be supported by significant investments in world-class talent, advanced technology, and expanded international reach. These strategic priorities are designed to solidify KAL’s position as a global leader in the Ayurveda industry and drive sustainable growth across all business segments.
Expleo Solutions Ltd, a global technology, engineering and consulting service provider, announced its Second quarter and half year results ended on 30th September 2024. The company's revenue grew by 15.4% on year-on-year basis, and 6.9% on a sequential basis. The profit after tax grew by 78.1% on year-on-year basis and 50.5% on sequential basis. The company is seeing significant interest in emerging areas such as Embedded systems, AI and Big Data projects. The company's AI and Business (Digital) transformation initiatives and Data & GRC services enhancements are progressing well. The company continues to add people in niche skills areas like Digital, AI and Data.
In Q2FY25, our revenue grew by 15.4% on year-on-year basis, and 6.9% on a sequential basis. Our profit after tax grew by 78.1% on year-on-year basis and 50.5% on sequential basis. The business outlook in our core markets continues to remain cautious. However, we are seeing significant interest and traction in the emerging areas such as Embedded systems, Al and Big Data projects. Our Al and Business (Digital) transformation initiatives and Data & GRC services enhancements are progressing well, with a dedicated team of experts who are pursuing R&D efforts in building AI, ML, and specifically on Generative AI through our labs. We realized significant interest to these initiatives and have several requests for Proof of Concepts that are currently underway with key clients and prospects. We continue to remain focused on managing our costs and improving utilization. While the demand for talent remains muted, we are seeing a growing need for the niche skills in Digital, AI and Data, and we continue to add people in these areas. Our focus remains on driving growth through strategic initiatives, while maintaining the operational efficiency, and capitalize the emerging opportunities to deliver sustained value to our stakeholders.
Bajaj Healthcare Limited, one of the leading manufacturers of APIs, Intermediates and Formulations, announced its un-audited financial results for the quarter and half year ended 30th September 2024. The company achieved a 63% Y-o-Y PAT growth from continuing operations and a 5x increase in Opium Processing revenue. The company also signed a development and supply agreement with a European partner for an API for clinical trials, and successfully raised X2049.7 Million through a preferential issue of equity shares and convertible warrants.
I’m delighted to present the impressive results of our second quarter for FY25. Our revenue from operations surged by approximately 32% year-on-year led by robust performance across all segments — this coupled with expansion in our margins resulted in a 90% year-on-year increase in our bottom line from our continuing operations. We continue to undertake all efforts to sell the assets from the discontinued operations and to use the proceeds for further debt repayment and minimize the losses from the discontinued operations. We have materially repaid our borrowings to the tune of 1,500 million and this has further strengthened our financial position. Contribution from our API and Formulation segments rose, with both registering strong growth at 19% and 28%, respectively. The domestic demand has remained quite encouraging and has been a source of strength even as export markets are still largely wrestling sticky inflation and elevated freights. Another key highlight was the exceptional performance of our Opium Processing business, which grew multi-fold year-on-year. The segment has quickly become a meaningful growth driver for our overall business. We are focused on expanding capacity to meet increasing government requirements and sustain its high growth trajectory going forward. Our new development and supply agreement with a European partner for an Active Pharmaceutical Ingredient (API) underscores our commitment to maintaining the highest standards of quality, as evidenced by our adherence to Good Manufacturing Practices. This also presents us with a fascinating opportunity to showcase our development capabilities and further strengthen our CDMO business. It pleases me to report that we successfully completed an approximately %2,050 million fund raise denoting the strong investor belief in our company’s abilities and our upcoming growth journey. We are now firmly on the path to maintaining profitability on an overall basis and look to carry forward this positive momentum from our recent performances.
Balaji Telefilms Ltd. has reported a consecutive 8 quarters of consolidated EBITDA profits, driven by operational excellence. The total income from operations for H1 FY25 was ₹ 293.6 crore. The EBITDA for Q2 FY25 stood at ₹ 15.5 crore, a 3 times improvement from Q4 FY24 and 1.5 times from Q1 FY25. The TV business continues to perform on operational and profitability fronts, with 4 shows on-air at the end of the quarter across leading broadcasters. ALT Digital has narrowed its EBITDA loss by 7% to ₹ 13.7 crores in H1 FY25 from ₹ 14.8 crores in H1 FY24. The movie business has a promising year ahead with a strong movie lineup.
The TV business continues to perform on operational and profitability fronts, with 4 shows on-air at the end of the quarter across leading broadcasters. ALT Digital has narrowed its EBITDA loss by 7% to ₹ 13.7 crores in H1 FY25 from ₹ 14.8 crores in H1 FY24. The movie business has a promising year ahead with a strong movie lineup.
AVG Logistics Limited, a leading multimodal logistics solutions provider, has announced its unaudited financial results for the H1 & Q2 of FY25. The company reported a 20.35% increase in Total Income, 19.00% growth in EBITDA, and a significant 149.42% surge in Net Profit. The Net Profit Margin stands at 1.95%, an increase of 210 BPS. The company also reported a 213.10% increase in Net Profit for Q2 FY25, with a Net Profit Margin of 1.46%.
We are pleased to share our strong financials performance for H1 FY 25 and Q2 FY 25, marked by substantial year-on-year growth in Revenue, EBITDA, Net profit and EPS. This growth underscores our commitment to excellence and our strategic approach to long-term value creation to our stakeholders. New customers additions into new industry and business segmentviz. Steel, Cement, appointment as an Authorized Partner for Express Parcel Services with UPSRTC reflect our strengthened position within the logistics sector. The recent launch of our 20-feet electric trucks further highlights our commitment to sustainable logistics, and our adoption of EVs and LNG fleets aligns with our mission to support eco-friendly practices and meet the sustainability goals of our clients. Our focus is on customer satisfaction, build strategic partnership with customers to provide unique solutions through multimodal infrastructure sets a new benchmark as responsible logistics partner in the industry.
Anupam Rasayan India Ltd, a leading custom synthesis and specialty chemical player, has announced its financial results for the quarter and half year ended September 30, 2024. The company reported a total revenue of ¥5,562 Mn for H1FY25 and an EBITDA margin of 25%. The Pharma and Polymer segments showed robust growth, fuelled by the launch of new molecules. The company anticipates revenue to normalize as volumes increase in the latter half of the year.
In Q2FY25, we were nearing the end of a demand slump in the Agro segment, and we are now seeing a good recovery. The Pharma and Polymer segments, meanwhile, have been showing robust growth, fuelled by the launch of over 17 new molecules in FY24 and 3 additional molecules in H1FY25. As these products gain traction, we expect their contribution to grow. Additionally, the planned launch of more than 3 new molecules in the coming months should further accelerate growth in these areas. Our consolidated operating revenue for the quarter was ¥294 crores, representing a QoQ growth of 14%, with a stable EBITDA margin of 28% in Q2FY25. We anticipate revenue to normalize as volumes increase in the latter half of the year. With the new capacity, scaling of recently launched fluorinated molecules, and signed LOls and contracts, we are optimistic about strong growth over the medium term.
