Comrade Appliances, a leading manufacturer of high-quality OEM and ODM Home Appliances, has reported sales of Rs. 161.9 mn from April 24 to August 24, a 61.6% increase compared to H1FY23. The company is expecting over 200% growth in revenue for FY25 compared to FY24, based on estimated business from key customers over the remaining 7 months. The order inflow is expected to exceed Rs 700 mn for the period from September 24 to March 25. The growth strategy includes increasing sales volume, expanding the ODM model, and leveraging operating leverage through higher production and plant optimisation.
I am happy to report that from April 24 to August 24, Comrade Appliances achieved sales of Rs. 161.9 mn, and anticipates over 200% revenue for FY25 compared to FY24. Our indicative production plan gives us strong visibility for September 24 to March 25, reflecting strong demand from reputable brands. Our strategy emphasizes driving sales growth through market expansion, working with leading brands, strengthening our ODM capabilities, and enhancing brand awareness.
Gillette India Limited (GIL) announced its financial results for the quarter and fiscal ended June 30, 2024. The Company reported sales of 2633 crore, up 6% versus year ago, and Profit After Tax (PAT) for the fiscal year was 2412 crore, up 16% versus year ago. The growth was driven by product innovation and a robust portfolio. The Company also introduced several product innovations and continued its contributions to the P&G Shiksha program.
This was another strong performance by Gillette India, delivering a balanced top-line and bottom-line growth in the fiscal. These results were enabled by our teams’ superior execution of the integrated strategy which we remain committed to -a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization - all aimed at delivering sustainable, balanced growth and value creation.
In Q1FY25, our revenues stood at Rs. 58 crores, showing a 12% year-on-year decline. This decline was primarily steered by a reduction in the STU business, caused due to unfavorable shifts in raw material prices on account of supply-demand imbalances... Our strategy focuses on continuous quality improvements, proactive outreach, and strong brand building... In FY25, Indag targets growth across multiple avenues, including increased open market sales, expansion of our branded franchise network, a larger share of state road transport corporation business, and strategic entry into promising export markets.
Ceigall India Ltd, a fast-growing EPC company in India, announced its financial results for the quarter ending June 30, 2024. The company reported a revenue growth of 26.5% Y-o-Y and a PAT growth of 76.6% Y-o-Y. The consolidated financial performance showed an EBITDA of 1,441 Mn, a significant increase from the previous year. The order book summary as of 30th June 2024 indicates a strong pipeline for the company.
I would like to extend my gratitude to each one of you for the overwhelming response to our IPO. Your trust and belief in Ceigall have been instrumental in making this milestone a resounding success. We are proud to announce that we achieved our highest-ever first quarter revenue of % 8,224 million, a testament to our strong execution capabilities. Our EBITDA for the quarter stood at % 1,441 million, reflecting an impressive 65.1% year-on-year growth, with margins at 17.5%. As of June 30, 2024, our order book stands at = 94,708 million, with a healthy book-to-bill ratio, providing us with a robust foundation for sustained revenue growth. In line with our commitments outlined in the RHP, we repaid debt of = 4134 mn in the month of August 2024.
Linc Ltd reported modest revenue growth of 3.1% to over ₹500 crores in FY24. The company's Pentonic portfolio contributed significantly with a 21% growth. Export revenues declined to ₹92 crores due to geopolitical reasons in two major markets. Despite lower revenue growth and higher overhead costs, Linc maintained profitability with a PAT of ₹34.1 crores, an 8.9% decrease from the previous year. The company has recommended a dividend of ₹5 per share, maintaining the same level as last year, and continues to maintain a zero-debt status with a net cash balance of ₹13 crores.
It is my privilege to welcome you all to the 30th Annual General Meeting of Linc Limited. As we review the performance of FY24, it's important to acknowledge that while our revenue growth was modest at 3.1%, the year was nonetheless a significant one for our company. We crossed an important milestone, achieving over %500 crores in revenue—a testament to the strength of our brand and the hard work of our team. A key contributor to this achievement was our Pentonic portfolio, which stood out with an impressive 21% growth over the previous year. Today, Pentonic products account for 31% of our total revenue, reflecting the growing popularity and market acceptance of this range. On the export front, we did face some challenges, with revenues declining to %92 crores compared to 2101 crores in the previous year. This was primarily due to the geopolitical reasons in two of our significant export markets. While these setbacks affected our overall performance, we remain confident in our long-term strategy for these markets and are actively working to overcome such challenges by developing alternative markets. Despite the revenue challenges, we maintained our profitability with a PAT of 34.1 crores, which was 8.9% lower than the previous year. This decrease was mainly due to lower revenue growth and higher overhead costs. However, our commitment to returning value to our shareholders remains steadfast, and the Board has recommended a dividend of %5 per share, maintaining the same level as last year. I am also pleased to report that Linc continues to maintain a zero-debt status, with a net cash balance of %13 crores as of March 31, 2024. This strong financial position provides us with the flexibility to invest in future growth opportunities and navigate any uncertainties that may lie ahead.
Procter & Gamble Hygiene and Health Care Ltd. announced its financial results for the fiscal and quarter ended June 30, 2024. The company reported sales of 74192 crore, up 7% versus year ago, driven by innovation, premiumization, and category growth in the feminine hygiene category. Profit After Tax (PAT) was 2675 crores, flat versus year ago, while operational profit, excluding one-time impacts, was 2809 crore, up 19% versus year ago.
Even in a challenging operating environment, we delivered a balanced growth this year, while continuing to drive category growth through innovations that delight our consumers. These results are a testament to our teams’ execution of the integrated growth strategy, which we remain committed to - a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization - all aimed at delivering sustainable, balanced growth and value creation.
Innova Captab Ltd, a company incorporated in 2005, has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2023-24. The company's operations are primarily focused on the manufacturing of pharmaceuticals, chemical, and botanical products, contributing to 100% of the turnover. The company has operations in four locations nationally and serves customers in various global markets and India.
Please find enclosed herewith Business Responsibility and Sustainability Report (“BRSR”) for the Financial Year 2023-24 which also forms part of the Integrated Annual Report for the Financial Year 2023-24.
Sadhana Nitro Chem Ltd., a leading manufacturer of intermediate specialty chemicals, has reported its earnings for Q1FY25. Despite a slight decline in revenue from operations by 8% YoY, the company has shown strong profitability growth. The EBITDA for the quarter grew by 16% YoY to Rs. 9.91 Cr, and the Profit After Tax (PAT) witnessed an impressive 1140% YoY increase to Rs. 0.62 Cr. The Total Comprehensive Income (Net PAT) saw a remarkable 1325% YoY growth, reaching Rs. 1.14 Cr.
We are pleased to report strong profitability growth in QIFY25. Our revenue from operations saw a slight decline of 8% YoY, amounting to Rs. 36.10 Cr, primarily due to production downtime caused by scheduled plant maintenance, technical operations of debottlenecking and installation of additional production capacity in the PAP plant during the quarter. However, our continued focus on operational efficiencies and cost management has led to a significant improvement in our profitability metrics which we are confident will further reflect in the numbers of the upcoming quarters of FY-25. The EBITDA for the quarter grew by 16% YoY to Rs. 9.91 Cr, reflecting our ability to optimize resources and maintain margins in a competitive environment. More notably, our Profit After Tax (PAT) witnessed an impressive 1140% YoY increase to Rs. 0.62 Cr, underscoring our commitment to driving shareholder value. The Total Comprehensive Income (Net PAT) saw a remarkable 1325% YoY growth, reaching Rs. 1.14 Cr.
MAC CHARLES (INDIA) LTD., a company incorporated in 1979, has released its Business Responsibility and Sustainability Report for the financial year 2023-24. The company's operations are primarily based in Bangalore, with wind turbine generators located in Gadag and Bellary districts. The company generated 98.49% of its revenue from the sale of electricity through windmill operations and 1.51% from rental income.
The company's operations are primarily based in Bangalore, with wind turbine generators located in Gadag and Bellary districts. The company generated 98.49% of its revenue from the sale of electricity through windmill operations and 1.51% from rental income.
Rudra Ecovation Ltd, formerly known as Himachal Fibres Limited, has invested INR 49.99 Crore in Shiva Texfabs Limited, a public unlisted company in the Textile Industry. The investment was made to acquire 7.68% of Shiva Texfabs Limited's paid-up equity share capital, which amounts to 23,39,181 equity shares. The acquisition is a step towards expanding the existing business operations and market footprint of Shiva Texfabs Limited.
We are pleased to inform you that ‘Shiva Texfabs Limited, has allotted 23,39,181 equity shares of Rs 10/- each, at a premium of Rs 203.75 per share, representing 7.68 % its paid up equity share capital (Post Allotment), to Rudra Ecovation Limited. Rudra Ecovation Limited has invested Rs.49,99,99,939 for this acquisition. The balance 47,01,755 equity shares will be acquired in phased manner and will be informed accordingly.
Procter & Gamble Health Limited announced its financial results for the quarter and fiscal year ended June 30, 2024. The company reported a 5% decrease in Q4 sales and a 6% decrease in FY sales compared to the previous year. Q4 profit was down 3% and FY profit was down 7% compared to the previous year. The company has implemented a transformed go-to-market model for improved long-term competitiveness.
Our results this quarter reflect the typically seasonality of shipments during this period. In addition, we’ve made choices to strengthen the execution of our integrated strategy with the deployment of a transformed go-to-market model. We’re confident these changes will deliver superior reach, distribution, retail execution and improve our long-term competitiveness. Our strategy remains anchored on a focused product portfolio where performance is a key driver of brand preference, superiority (across product performance, packaging, brand communication, retail execution and value), constructive disruption and an agile, accountable organization. This integrated strategy continues to guide our efforts to generate sustainable, balanced top- and bottom-line growth and value creation.” “We continue to navigate the evolving market dynamics with resilience and explore innovative solutions to ensure our trusted, quality brands remain the preferred choice for healthcare professionals and consumers alike
Nxtra Data Limited, a subsidiary of Bharti Airtel, released its second Sustainability Report for FY 2023-24. The report highlights Nxtra's focus on environmental, social, and governance (ESG) parameters, detailing its initiatives for building sustainable digitised infrastructure.
The future of data centers lies in our ability to harmonise intelligent infrastructure with sustainability. Integrating innovative ESG initiatives into our business model and operations has been integral to our data center build and operations from day one.
Zodiac Energy Limited, a leading energy solution provider in India, reported a 184.36% YoY increase in net profit for Q1 FY25. The company's revenue growth and operational efficiency led to improved EBITDA and net profit. The company also raised approximately ₹ 30 crore through a Qualified Institutions Placement (QIP).
Titagarh Rail Systems Ltd has recommended a dividend of 40% (Re 0.80 per equity share) for the year ended 31st March 2024. The dividend will be paid to the members after declaration at the AGM scheduled on 27th August 2024. The record date for determining the eligibility of members for such dividend is 20th August 2024. The Company is required to deduct tax at source (TDS) from dividend paid to the members at the applicable rates as per the Income Tax Act, 1961 and the Finance Act, 2020.
The text does not provide any management comments.
ASIT C. MEHTA FINANCIAL SERVICES LTD. announced its financial results for the quarter ended June 30, 2024. The consolidated revenue from operations registered a growth of 75.89%, standing at Rs. 14.20 crores as compared to 8.07 crores during the same quarter of the last financial year. The company is in an advanced stage of closing series of acquisitions, has recruited C-level executives, and is adding new product segments, which requires additional costs.
Q1 FY 2025 the quarter has seen improvement due to improved market conditions and recruitment of business development staff. The full potential has not been realized because of the increase in expenses due to numerous new initiatives by the Company. We hope to get better benefits out of our investment over the period of time. We also hope to encash on the synergies in strategic partnership with Pantomath Financial Service Group and its promoters.
Rico Auto Industries Ltd has reported a 0.9% increase in total revenue, reaching 542 crore in Q1FY25 compared to 538 crore in Q1FY24. However, EBITDA decreased by 15.3%, from 62 crore to 54 crore, and net profit declined by 1.2%, from 16 crore to 6 crore. The company is focused on electrification and has secured a new business program valued at 2292 crore. Raw material costs have increased due to sharp increases in metal prices, and there was a one-time cost of 3.5 crore for settling with retrenched workmen.
Batliboi Limited, an Engineering company with interests in Machine Tools, Air Engineering and Textile Machinery, has reported a strong performance in Q1FY25. The company's revenue increased by 16% from INR 63.3 cr to INR 73.4 cr. The EBITDA, PBT, and PAT saw significant increases of 37%, 90%, and 45% respectively. The gross value of pending orders was INR 243 cr as on the end of the quarter. The company plans to invest INR 20 cr in manufacturing facilities in India during the current financial year.
For the last many decades, Batliboi Limited has been committed to strengthen its leadership position as an engineering company. Our Continuous introduction of modern and appropriate technology, High Quality products and superior after-sales service makes us a preferred partner for many leading names in the engineering sector not only in India but also overseas. As always, we remain dedicated to our customers and creating shareholder value. The business will be further strengthened by the Capital Expenditure of INR 20 cr planned for the current year.
Ducon Infratechnologies Limited, a leading Fossil Fuel Clean Technology company, reported its unaudited financials for Q1 FY25. The company saw a significant increase in its financial metrics, with total income growing by 20.26% YoY, EBITDA by 14.80% YoY, and PAT by a staggering 405.68% YoY. The growth was primarily driven by the Industrial EPC segment, which contributed 99.12% to the total revenue. The company's focus on operational efficiency and cost management has led to improved operating profits and a substantial rise in net profit, highlighting its commitment to optimizing processes and ensuring sustainable profitability.
We are pleased to report a period of significant growth and success for our company. Our strategic initiatives and expansion into new markets have driven a notable increase in revenue, demonstrating our ability to deliver value and meet client needs. Our focus on operational efficiency and cost management has led to improved operating profits and a substantial rise in net profit, highlighting our commitment to optimizing processes and ensuring sustainable profitability. Our team remains committed to driving innovation, maintaining our competitive edge, and executing growth strategies to enhance shareholder value as we look forward to future opportunities.
Shraddha Prime Projects Ltd, a well-known Mumbai real estate developer, announced its results for the quarter ended 30 June 2024. The company reported a significant growth in its revenue from operations, EBITDA, PAT, units sold, and total area sold.
I am pleased to report that we have achieved significant growth in Q1 FY25. Our revenue increased from INR 29 million in the last year to INR 261 million this quarter, driven by strong demand for our projects across western and central suburban Mumbai. EBITDA improved from INR 9 million to INR 23 million, with a margin of 9%, while our PAT grew from INR 6 million to INR 16 million. Operationally, we saw the number of units sold rise from 42 to 132 units, with collections growing from INR 1,394 lakhs to INR 6,471 lakhs. The total area sold expanded from 17,000 square feet to 72,000 square feet, further solidifying our market position. We are also excited to announce that we are in the documentation phase for 3 new projects, one of which is in South Bombay (Matunga). With over 8 projects currently under construction, we continue to offer a diverse range of homes, from high-end residences to affordable housing, including slum redevelopment. As we look ahead, we are confident in our capacity to sustain this momentum and deliver value to our stakeholders.
Apeejay Surrendra Park Hotels Limited (ASPHL) announced financial results for the quarter ending 30 June 2024. The company's revenue stood at INR 138 crore, up by 6% YoY. EBIDTA increased by 4% YoY to INR 42 crore. ASPHL registered a strong occupancy at 94%. The company is set to inaugurate two new properties and has embarked on new projects in Kolkata and Pune. ASPHL's credit rating has been upgraded by 3 notches to A+ (Stable).
We continue to outperform the market in the upper up-scale segment with industry leading occupancy and RevPAR. During this quarter EBIDTA has grown despite transient headwinds on account of lower air traffic growth, prolonged disruption on account of elections and dip in MICE and social functions. Our confectionary and café brand Flurys has achieved remarkable success with openings in Mumbai and it will cross the 100-store mark soon. ICRA has revised the company’s credit rating three notch up to A+ (Stable) and this along with a strong balance sheet and new openings will take the company on to a faster growth trajectory in the quarters ahead.