Latest news with #AnkitPatel
Yahoo
16-05-2025
- Business
- Yahoo
Burger Chain Mooyah Opening New Location on May 30
It's certainly cause for celebration when a restaurant chain that's loved by the community is able to expand, especially with so many restaurant chains closing and even filing for bankruptcy. Plus, there's something special about seeing a brand thrive to the point where it can expand into different areas. Mooyah Burgers, Fries & Shakes debuted in 2007 in Plano, Texas, and has grown to the point where the chain has more than 100 locations in multiple states and countries. Mooyah prides itself on "never-frozen beef, hand-cut fries, real ice cream shakes, and other delicious nouns preceded by quality-assuring adjectives," according to the company. Now, Mooyah is growing. The company announced the grand opening of a new location in Livermore, CA, on May 30, with a soft opening on May 19. According to a release, the Livermore location is the second Mooyah location in the Bay Area. Local resident Rikin Lakhani and his partners Ankit Patel, Sameet Patel and Shailain Patel will head its operations up. "After opening our first Mooyah in Walnut Creek, we saw firsthand how much guests love the brand — from the quality of the food to the overall experience," Lakhani, owner of the Walnut Creek and Livermore locations, said in a statement. "Everything from the Certified Angus Beef to the fresh-baked buns and hand-cut fries sets Mooyah apart," he added, noting that "flexibility" of the menu at Mooyah and its "focus on customization really let guests make each meal their own." Gary Lisenbee, VP of development and operations services, added, "We're excited to continue growing Mooya in the Bay Area with Rikin Lakhani and his partners at the helm. Rikin has already proven to be an outstanding operator with our Walnut Creek location, and his dedication to delivering a top-tier guest experience makes him a perfect fit to lead the charge in Livermore."
Yahoo
13-05-2025
- Business
- Yahoo
Meghmani Organics Ltd (BOM:543331) Q4 2025 Earnings Call Highlights: Revenue Surge and ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Meghmani Organics Ltd (BOM:543331) reported a 26% year-over-year increase in revenue for Q4 FY25, reaching approximately 500 crore. The company achieved a significant turnaround in profitability, with a profit after tax of 34 crore compared to a loss in the same quarter of the previous year. The crop protection segment saw a 40% year-over-year increase in production, with capacity utilization at 76%. The company is focusing on renewable energy, with plans to reach over 50% utilization through a wind-solar hybrid power project. Anti-dumping duties on titanium dioxide imports from China are expected to provide relief and improve profitability in the coming quarters. The titanium dioxide segment continues to face intense pricing pressure due to aggressive dumping by China. Despite improvements, the pigment segment's capacity utilization remains low at 46%. The company's margins are under pressure, with expectations of moderation in margins for the crop protection segment. The nano urea business is still in the early stages, with low capacity utilization and gradual market acceptance. The company faces challenges from increased competition and oversupply in the pigment market, impacting pricing and profitability. Warning! GuruFocus has detected 4 Warning Signs with BOM:543331. Q: With the anti-dumping duty on TIO2, how much improvement in per kg realization do you expect? A: Ankit Patel, Chairman and Managing Director, stated that the anti-dumping duty is expected to increase prices by about ?40 to ?45 per kg, which translates to a 25% change in prices. This will help improve the bottom line as current pricing levels were challenging for cost recovery. Q: What is the expected revenue from the multi-purpose plant by FY27, and how much revenue was generated last year? A: Ankit Patel mentioned that while it is difficult to predict exact figures, they aim to achieve ?1,000 crore from the multi-purpose plant by FY27 or FY28. Last year, the plant generated close to ?250 crore in revenue. Q: Are the 12% EBITDA margins sustainable going forward? A: Ankit Patel indicated that while quarter-on-quarter margins can vary due to seasonality, they are confident in maintaining double-digit margins on a yearly basis. Q: What is the current utilization rate of the multi-purpose plant, and when will it reach optimal capacity? A: The current utilization rate is about 45%, and it is expected to reach 75-80% capacity utilization in the next 2 to 3 years. Q: How does the company plan to increase its market share in Brazil? A: Ankit Patel explained that they are working on establishing a subsidiary in Brazil, with final approval pending from the RBI. They are optimistic about growth in the Brazilian market, expecting 15-20% year-on-year growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
