
Brand Concepts reports consolidated net loss of Rs 2.72 crore in the June 2025 quarter
Net loss of Brand Concepts reported to Rs 2.72 crore in the quarter ended June 2025 as against net profit of Rs 1.76 crore during the previous quarter ended June 2024. Sales declined 6.79% to Rs 71.69 crore in the quarter ended June 2025 as against Rs 76.91 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 71.6976.91 -7 OPM % 4.1810.67 - PBDT 0.255.61 -96 PBT -3.052.46 PL NP -2.721.76 PL
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Economic Times
10 minutes ago
- Economic Times
FPIs dump Indian equities worth Rs 21,000 cr in first half of Aug
Foreign investors offloaded nearly Rs 21,000 crore in Indian equities in the first half of August, bringing the year's total outflow to Rs 1.16 lakh crore. Trade tensions, weak earnings, and a weakening rupee contributed to this trend. However, a potential credit rating upgrade and easing US-Russia tensions could improve FPI sentiment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first half of August, pressured by US-India trade tensions , lacklustre first-quarter corporate earnings , and a weakening rupee With this, the total outflow by Foreign Portfolio Investors FPIs ) in equities reached the Rs 1.16 lakh crore mark so far in 2025, according to data with the FPI activity will be influenced by the action on the tariff front recent easing of tensions between the US and Russia, coupled with the absence of fresh sanctions, suggests that the proposed 25 per cent secondary tariff on India is unlikely to take effect after August 27, a clear positive for the market, Vaqarjaved Khan, CFA - Senior Fundamental Analyst, Angel One, S&P has upgraded India's credit rating from BBB- to BBB, a move that could further boost FPIs' sentiment, he to the depositories data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 29,975 crore from equities this month (till August 14).This came after a net withdrawal of Rs 17,741 crore in July. Before that, FPIs invested Rs 38,673 crore in the preceding three months from March to June."The sustained outflows are being driven primarily by a confluence of global uncertainties. Heightened geopolitical tensions and ambiguity surrounding the interest rate trajectory in developed economies, particularly the United States, have contributed to a risk-averse sentiment," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, to this caution is the recent strengthening of the US dollar, which tends to reduce the relative attractiveness of emerging market assets like India's, he tepid earnings growth and elevated valuations have contributed to the outflow, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, the sectoral front, sustained selling in IT stocks has pulled the IT index down. However, banking and financials continue to be relatively resilient due to fair valuations and institutional the other hand, FPIs invested Rs 4,469 crore in the debt general limit, and pumped Rs 232 crore into the debt voluntary retention route during the period under review.


News18
20 minutes ago
- News18
Listing a reality, possible in 12-18 months: Classic Legends MD Thareja
Mumbai, Aug 17 (PTI) The public listing of Mahindra group-backed Classic Legends, the maker of iconic brands Yezdi, Jawa and BSA, is a reality, and a timeline of 12-18 months is a possibility, as it seeks to create a credible mid-market global brand, according to its MD and co-founder Anupam Thareja. The company — which has an R&D centre for electric vehicles in the UK, supported by the government there — is ready with its electric motorcycle, but will launch it only when the market is ready, especially in terms of charging infrastructure, he told PTI. When asked if a public listing of Classic Legends is on the distant horizon, Thareja said, 'Not at all. In fact, you will be happy and surprised that we just gave stock options…We also have investors in this company. So listing is a reality, and it has nothing to do with unlocking shareholder value. It is the way this is constructed. This is a global company we are creating". Stressing that the company chose to launch the BSA brand first in the UK and then in India, he said, 'That is audacity, that is the belief (that we have)…the world needs a credible mid-market motorcycle brand…" He further said,"…we (will) need capital in the future, but should we have a listed vehicle? 100 per cent and that's not in the distant future by the way". When asked if the listing can happen in the next 12-18 months, Thareja said, 'I don't have the desperate need to raise capital. We are sitting on Rs 875 crore of capital. So, I'm not going to do it just for money, but will it happen in 12 to 18 months? Why not, of course". On the company's electric vehicle plans, Thareja said, 'We are ready with our (electric) bike, we can launch as soon as we want, but I don't think the market is ready". Elaborating, he said, for the type of bikes Classic Legends is into, long range (battery) is required, but battery packs are still expensive, and there are multiple issues related to charging infrastructure and availability of retail financing for electric motorcycles. He said electric adoption in two-wheelers will be first seen in scooters, followed by commuters, and the premium 'classics' segment is expected to be the last. Thareja said Classic Legends has 'had a very deep relationship" with the UK government, which gave the company 50 per cent grant, under which 'whatever money we put they will give us equal money as a grant to set up an electric R&D unit in the UK. That is running and we have an engineering segment in Coventry, which is making electric bikes". There is a very high probability that the UK will be the first market where the electric bike will be first launched, he said without disclosing details. PTI RKL BAL BAL view comments First Published: August 17, 2025, 11:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


India Today
23 minutes ago
- India Today
Delhi gets Rs 11,000 crore road push as PM Modi to inaugurate 2 highway projects today
Prime Minister Narendra Modi will on Sunday inaugurate two major highway projects in Delhi, built at a combined cost of nearly Rs 11,000 crore. The projects, the Delhi section of the Dwarka Expressway and a stretch of the Urban Extension Road-II (UER-II), are part of the central government's push to decongest the capital and speed up travel in the National Capital Modi is scheduled to attend the ceremony in Delhi's Rohini at 12.30 pm, where he will also review the two projects on site."These initiatives reflect Prime Minister Modi's vision of creating world-class infrastructure that enhances ease of living and ensures seamless mobility," the Prime Minister's Office (PMO) said in an official statement. Union Minister Nitin Gadkari, Delhi Chief Minister Rekha Gupta, Haryana Chief Minister Nayab Singh Saini and other BJP leaders are scheduled to attend the PROJECTSThe 10.1-km Delhi section of the Dwarka Expressway, developed at a cost of about Rs 5,360 crore, will provide multi-modal connectivity to Yashobhoomi, the Delhi Metro's Blue and Orange lines, the upcoming Bijwasan railway station, and the Dwarka cluster bus depot. The project is split into two stretches -- Shiv Murti intersection to Dwarka Sector-21, and from there up to the Delhi-Haryana border -- linking directly to Haryana portion of the expressway was inaugurated by PM Modi in March Prime Minister will also open the Alipur–Dichaon Kalan stretch of UER-II and its new links to Bahadurgarh and Sonipat, developed at a cost of around Rs 5,580 crore. This is expected to divert heavy traffic away from Delhi's inner and outer Ring Roads and ease congestion at bottlenecks like Mukarba Chowk, Dhaula Kuan and NH-09. The new spurs will also improve industrial connectivity and movement of goods in the national capital and its adjoining ADVISORY ISSUEDDue to PM Modi's inauguration programme, Delhi Traffic Police has warned of traffic restrictions in parts of West Delhi and Rohini between 6 am and 2 pm on Sunday. Vehicular movement will be barred on UER-II, Rohtak Road from Peeragarhi to Tikri Border, and connecting roads. Bhagwan Mahavir Road, Bawana Road, Kanjhawala Road, Kanjhawala Link Road and Badsha Dahiya Marg will also see closures, police vehicles will not be allowed on the Tikri Border-Peeragarhi stretch, with diversions at Tikri Border, Ghevra More, Mundka Red Light, Nangloi Chowk and other points. In Rohini, heavy vehicles will be stopped at Madhuban Chowk, Deepali Chowk, Jaipur Golden Hospital Crossing, Wazirpur Depot and multiple other have urged commuters to plan their journeys in advance and, where possible, use the Delhi Metro.- Ends