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Economic Times
29 minutes ago
- Economic Times
Inox India shares in focus as Q1 PAT rises 19%, revenue up 17% YoY
Inox India also reported several operational and strategic milestones in Q1, including: Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Inox India are likely to attract investor attention on Tuesday, August 5, after the company reported a strong set of earnings for the first quarter of FY26, marked by double-digit year-on-year growth in both profit after tax (PAT) and to the company's Q1 FY26 earnings highlights, PAT rose 18.9% YoY to Rs 61 crore, while revenue grew 16.7% YoY to Rs 352 crore for the quarter ended June 2025. Operating performance remained strong, with EBITDA rising 19.4% YoY to Rs 89 continued to be a key growth driver, contributing Rs 198 crore, or 56% of total revenue, during the quarter.- Launching India's first ultra-high-purity (UHP) ammonia ISO tank container, reinforcing its position in the cryogenic engineering space.- Securing audit approvals from Heineken, the world's second-largest brewery, for its Savli-based stainless-steel keg manufacturing facility.- Winning a prestigious order from ITER (International Thermonuclear Experimental Reactor) for the refurbishment of the Cryostat Thermal Shield, a critical component of nuclear fusion infrastructure.'FY26 has begun on a strong note, with robust order inflows across all divisions. Our Industrial Gases business saw healthy growth, marked by breakthrough orders like India's first UHP Ammonia ISO containers and a pioneering CO₂ battery project. The LNG division continued its growth trajectory with the supply of a large number of LNG fuel tanks to OEMs in India. We are committed to becoming a key catalyst in the LNG mobility space and have therefore laid out plans for capacity expansion to meet rising demand for LNG fuel tanks,' said Deepak Acharya , Chief Executive Officer of Inox of Inox India closed 3% higher at Rs 1,173.80 on BSE.
Time of India
43 minutes ago
- Time of India
Vivriti's Vintage I delivered 15.5% IRR—Here's how it navigated crisis and liquidity tightening
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In a market environment riddled with pandemic-induced volatility, corporate credit stress, and tightening liquidity , delivering consistent returns was no easy Vivriti Asset Management 's Vintage I fund not only preserved capital but delivered a stellar gross IRR of 15.5%.In this edition of ETMarkets AIF Talk, Dipen Ruparelia, Head of Products at Vivriti AM, reveals how the firm's laser-sharp focus on private credit, disciplined portfolio construction, and proactive risk management helped navigate one of the most challenging investment periods in recent history—while staying true to its investor commitments. Edited Excerpts -A) Vivriti Asset Management, throughout its journey and since inception in 2019, has stayed focused only on private credit as a strategy and has managed funds true to its has worked for us is a) identifying a deep structural opportunity in mid-market corporate lending (11-16% yield bracket) way back in 2019, b) setting up a private credit-focused AMC much earlier, and c) investing well in people and are proud to say that we have returned full capital and returns (beating investor communication) across three full scheme exits in Vintage 1. Our Vintage 2 funds are also in the run-down phase, where we have returned some capital, and full payback of principal is expected by Sep 26.A) Yes, we run diversified, sector-agnostic domestic fund mandates. Till date, we have invested in ~20 sectors, including airports, regional airlines, roads, renewable energy, co-working, smart meter manufacturing, and financials, among our deals are more bottom-up selection, a few of the promising sectors are renewables, infrastructure, logistics, and warehousing, where we are seeing the maximum amount of capex are cautious on sectors which has greater external linkage due to ongoing global trade tensions and sectors like gems and jewellery, media, textiles, etc., due to historical governance issues in the sector.A) Vintage Fund - I was launched in and around the pandemic times, in the aftermath of corporate crises of 2018, deployed mostly through 2020-21 battling uncertainties of modelling risks, and exited through 2023-24 amidst higher interest rates and tighter ability of the funds to generate attractive risk-adjusted returns is attributed to:• Our relentless eye on the macroeconomic environment leading us to pre-empt sector-level issues, guiding portfolio construction.• Primary asset origination and control on deal structuring to have greater control over the investee firms.• A strong focus on risk control, tracking portfolio performance, and acting on deviations, when needed.• Following a clear exit strategy, mostly through cashflows of the investee firms.A) The investee companies in Diversified Bond Fund Series II (Vintage III) are typically performing mid-market entities with proven business models, vintage of 7-10+ years, wherein they seek flexible debt from private credit funds like us as either the end-use isn't bankable or traditional lenders banks aren't able to create bespoke solutions which is required in a time-bound manner by the investee credit underwriting, control on deal terms, structuring, security, tighter covenants, un-compromised access to data, systems, and management, regular monitoring of portfolio companies, and pre-emptive decision making are the key pillars of our credit risk management.A) Semi-liquid funds are an innovative investment vehicle that combines the benefits of both open-ended and close-ended funds while giving access to private markets to funds are structured as perpetual funds, giving the flexibility to investors to subscribe and redeem at regular pre-defined compared to typical close-ended private credit funds, Semi-Liquid scores better on:• Ability to see a 'build portfolio' when investing:o Given perpetual vehicle and being continuously available for subscription, an investor sees a 'build portfolio' with a track record since inception.o Close-ended funds have a limited availability period and a shelf life. They are also known as 'Blind-pool' funds as most of the investors enter with limited portfolio creation.• Quick access to private markets & no opportunity loss:o Semi-liquid funds don't follow a drawdown structure, which ensure full investment for investors in private credit markets.o Typical close-ended funds draw down capital over a 12-24 month period from initial close, thereby creating opportunity loss for investors till full capital is drawn down.• Option to receive regular income or allow compounding of income at the instance of the investor, which is not possible in close-ended funds.• Liquidity option and redemption of invested capital, when required by the investor versus run-down of fund in the last 1.5-2 years in multiple tranches in close-ended funds.A) The investment strategy of semi-liquid funds is to invest in relatively shorter tenor amortising deals of mid-corporate liquidity aspect is managed through investing a small portion in cash and cash equivalent instruments, while a large part of liquidity is self-generating through principal amortisation across all the portfolio entities, tied to the frequency and redemption dates of the investors who have remained invested in the fund for the initial brief period till exit load implications, redemption of invested capital will come without any impact cost, subject to other redemption terms.A) Semi-liquid private credit funds are specially crafted for HNIs/UHNIs, investing typically from their individual, trust, or LLP A/cs. They are attractive for investors who area) looking at core debt allocation for an investment horizon of 1+ year OR investors who aren't comfortable locking in the capital for 4-6 years (which typical close-ended funds entail).b) looking for a post-tax, post-fees and expense return of 7% to 8% p.a from a diversified portfolio across multiple entities, run by a professional asset is also suitable for investors who prefer the flexibility of cashflows at their instance:i) Commit and deploy full capital in one single Receive predictable and stable regular income cashflows ORiii) Re-deploy the income and compound the income at a similar return profile without any hassle/ Take out the invested capital along with income in a single tranche, subject to the redemption frequency and terms of the fund.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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Business Standard
an hour ago
- Business Standard
Q1 results today: Adani Ports, Bharti Airtel, Lupin, 150 others on Aug 5
Q1 FY26 company results, August 5: Britannia, Alembic Pharmaceuticals, Aarti Surfactants, Berger Paints, Bharti Hexacom, and Exide are also to release their April-June quarter earnings reports today New Delhi Bharti Airtel, Adani Ports and Special Economic Zone, Lupin, Britannia Industries, Alembic Pharmaceuticals, Aarti Surfactants, and Berger Paints India are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Tuesday. A host of other companies expected to declare their Q1 results today include Bharti Hexacom, CARE Ratings, Container Corporation of India, Exide Industries, Gland Pharma, Gujarat Gas, Jindal Saw, NCC, Prestige Estates Projects, Keystone Realtors, and Torrent Power. Bharti Airtel Q1 results preview Bharti Airtel is expected to post healthy earnings for the June quarter of FY26 (Q1FY26), driven by strong subscriber additions and a rise in average revenue per user (Arpu), according to analysts. While the telecom major's mobile wireless business is likely to report steady growth, the enterprise segment is projected to see a decline during the quarter. Analysts polled by Business Standard estimate Airtel's consolidated revenue to rise 25.2 per cent year-on-year (Y-o-Y) and 0.7 per cent quarter-on-quarter (Q-o-Q) to ₹48,224.9 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) is expected to jump nearly 39 per cent Y-o-Y and 1.4 per cent Q-o-Q to ₹27,380.8 crore, while Ebit is forecast to grow 63.8 per cent Y-o-Y and 2.3 per cent Q-o-Q to ₹15,017 crore. Market overview for August 5 Indian benchmark indices Sensex and Nifty are likely to open lower on Tuesday, amid rising uncertainty over trade tariffs. US President Donald Trump on Monday announced plans to substantially raise tariffs on Indian goods in response to New Delhi's Russian oil purchases. India called the move "unjustified" and said it would take necessary steps to safeguard its interests. GIFT Nifty futures were trading 38 points lower at 24,755, indicating a soft start. Meanwhile, investors will closely track the Reserve Bank of India's Monetary Policy Committee (MPC) meeting, scheduled from August 4 to 6. While some analysts expect a 25-basis-point rate cut, others believe the committee may revise its inflation forecast downward instead. Follow the latest market updates here: Stock Market LIVE Updates List of firms releasing Q1 FY26 results on August 5 Aarti Surfactants Ltd Abhijit Trading Company Ltd Allcargo Gati Ltd Adani Ports and Special Economic Zone Ltd Allied Digital Services Ltd Advait Energy Transitions Ltd Alphalogic Techsys Ltd Alstone Textiles (India) Ltd Andhra Paper Ltd Anjani Finance Ltd The Anup Engineering Ltd Alembic Pharmaceuticals Ltd Anand Rayons Ltd Artemis Medicare Services Ltd Aryaman Capital Markets Ltd Atal Realtech Ltd Automotive Axles Ltd Avalon Technologies Ltd Berger Paints India Ltd Bharti Airtel Ltd Bharti Hexacom Ltd Zinka Logistics Solutions Ltd BLS International Services Ltd Britannia Industries Ltd Cantabil Retail India Ltd CARE Ratings Ltd Carraro India Ltd Castrol India Ltd CCL Products (India) Ltd Centum Electronics Ltd Chemcon Speciality Chemicals Ltd Chartered Capital & Investment Ltd Chaman Lal Setia Exports Ltd-$ Container Corporation of India Ltd Crysdale Industries Ltd Dalmia Bharat Sugar and Industries Ltd Delton Cables Ltd Easy Fincorp Ltd EIH Ltd EKI Energy Services Ltd Elantas Beck India Ltd Ellenbarrie Industrial Gases Ltd Electronics Mart India Ltd Energy Development Company Ltd Enkei Wheels (India) Ltd EPL Ltd Eris Lifesciences Ltd Espire Hospitality Limited Eureka Industries Ltd Eveready Industries India Ltd Everest Organics Ltd Exide Industries Ltd Gujarat Fluorochemicals Ltd Gala Precision Engineering Ltd Geetanjali Credit and Capital Ltd Ginni Filaments Ltd Gland Pharma Ltd Gokaldas Exports Ltd Godawari Power and Ispat Ltd GSS Infotech Ltd GTN Textiles Ltd Gujarat Gas Ltd HT Media Ltd Indo Credit Capital Ltd Industrial & Prudential Investment Company Ltd Inventure Growth & Securities Ltd ISF Ltd Jindal Saw Ltd JSL Industries Ltd Kaizen Agro Infrabuild Ltd Kanani Industries Ltd Kanoria Chemicals & Industries Ltd Kartik Investments Trust Ltd Kaya Ltd Kanoria Energy & Infrastructure Ltd Kemp & Company Ltd K.P. Energy Ltd KPI Green Energy Ltd KZ Leasing & Finance Ltd Ladderup Finance Ltd Lexoraa Industries Ltd Lupin Ltd Machhar Industries Ltd Magadh Sugar & Energy Ltd Mangal Credit and Fincorp Ltd Max India Ltd Mayur Floorings Ltd Mazda Ltd Medi Caps Ltd-$ M.K. Exim (India) Ltd Motisons Jewellers Ltd MPIL Corporation Ltd MTAR Technologies Ltd Muthoot Capital Services Ltd NCC Ltd Nitin Spinners Ltd Noida Toll Bridge Company Ltd Orient Bell Ltd-$ Orient Paper & Industries Ltd Ovobel Foods Ltd Patel Integrated Logistics Ltd-$ Patspin India Ltd Vashu Bhagnani Industries Ltd Poona Dal & Oil Industries Ltd Prestige Estates Projects Ltd Radiant Cash Management Services Ltd Rajesh Exports Ltd Raj Rayon Industries Ltd-$ Raymond Realty Ltd Resonance Specialties Ltd Restile Ceramics Ltd Rich Universe Network Ltd Rishi Techtex Ltd Rane (Madras) Ltd Rossell India Ltd Rashi Peripherals Ltd RSWM Ltd Keystone Realtors Ltd Sandesh Ltd SBC Exports Ltd Sheetal Cool Products Ltd Sheela Foam Ltd Square Four Projects India Ltd Shree Rama Multi-Tech Ltd Shri Dinesh Mills Ltd Simplex Mills Company Ltd Simplex Papers Ltd Speciality Restaurants Ltd Starteck Finance Ltd Starteck Finance Ltd SW Investments Ltd Tainwala Chemicals and Plastics (India) Ltd Tega Industries Ltd Tirupati Sarjan Ltd Torrent Power Ltd Transpek Industry Ltd-$ Transrail Lighting Ltd Updater Services Ltd Ugar Sugar Works Ltd-$ Vaibhav Global Ltd Shri Vasuprada Plantations Ltd Veranda Learning Solutions Ltd Vardhman Holdings Ltd Viji Finance Ltd Vikas WSP Ltd Vivid Mercantile Ltd Kairosoft AI Solutions Ltd Welcure Drugs & Pharmaceuticals Ltd Woodsvilla Ltd WPIL Ltd Xtglobal Infotech Ltd Yatharth Hospital & Trauma Care Services Ltd Zeal Aqua Ltd
