Latest news with #BOM
United News of India
4 days ago
- Climate
- United News of India
Two flights cancelled at Srinagar airport due to bad weather
Srinagar, May 28 (UNI) Two flights were cancelled at Srinagar International Airport on Tuesday evening due to adverse weather conditions, officials said on Wednesday. According to airport officials, Indigo flight 6E6041 bound for Chandigarh (IXC) and flight 6E215 to Mumbai (BOM) were cancelled due to inclement weather in the Kashmir Valley. "Departure of two flights is cancelled due to bad weather at Srinagar," an official statement from the airport authorities said. Last week over 200 passengers of an IndiGo flight from New Delhi to Srinagar experienced an ordeal after the aircraft was caught in severe turbulence amid a heavy hailstorm. Meanwhile, gusty winds, intense rains, and a heavy hailstorm lashed parts of the Kashmir Valley on Tuesday evening, throwing normal life out of gear. One of the worst-hit areas was the border region of Karnah in north Kashmir's Kupwara district, where a cloudburst triggered flash floods and caused extensive damage. An independent weather forecaster said that between 4:45 pm and 5:45 pm, a sudden cloudburst accompanied by a severe hailstorm wreaked havoc at the 12MW Karnah Hydroelectric Project. The downpour led to a massive surge in runoff from surrounding upper reaches, which inundated the project site. A landslide along the hill slopes blocked the only access road to the power project, cutting off connectivity. UNI MJR ARN PRS
Yahoo
4 days ago
- Climate
- Yahoo
Dust storm creates apocalyptic orange skies across Australia
Extreme winds lofted dirt and dust across southeastern Australia this week, covering homes and highways in a red haze and prompting air quality alerts near Sydney. Video from rural Victoria shows the dust smothering the town of Mildura. Another scene from the town of Orroroo shows "dirt and dust everywhere" in South Australia, according to video from the Council of Orroroo Carrieton. "Can't see a thing," a woman says in the video as whipping winds can be heard. On Sunday, South Australian Police warned drivers of poor visibility. "Severe weather is causing dust storms that are significantly reducing visibility on various country roads," the South Australian Police said. "If you are driving in the country, please exercise caution. Ensure your headlights are on and drive to the conditions." The Australian Bureau of Meteorology (BOM) issued severe weather warnings through Tuesday as winds neared 80 mph for parts of southern and eastern Australia. While the most extreme winds and dust didn't reach Sydney, the dust storm was enough to tint the skyline of Australia's capital city yellow. The New South Wales Government issued air quality warnings for areas east and northwest of Sydney. Strong to damaging winds continued through Tuesday as part of a cold front. The windy conditions are expected to ease on Wednesday, according to the article source: Dust storm creates apocalyptic orange skies across Australia
Yahoo
5 days ago
- Business
- Yahoo
HEG Ltd (BOM:509631) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Revenue from Operations: INR 2,153 crores for FY25, down from INR 2,395 crores in FY24. Quarterly Revenue: INR 537 crores in Q4 FY25, compared to INR 547 crores in Q4 FY24. EBITDA: INR 388 crores for FY25, compared to INR 526 crores in FY24. Net Profit After Tax (Standalone): INR 101 crores for FY25, down from INR 232 crores in FY24. Net Profit After Tax (Consolidated): INR 115 crores for FY25, compared to INR 312 crores in FY24. EBITDA Margin: Increased from 16% in Q1 to 27% in Q4, with a full-year average of 21%. Capacity Utilization: 80% to 85% for FY25, based on expanded capacity of 100,000 tonnes. Treasury Size: Approximately INR 875 crores as of March 31, 2025. Dividend Recommendation: 90% final dividend, INR 1.80 per equity share. Warning! GuruFocus has detected 5 Warning Sign with BOM:509631. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. HEG Ltd (BOM:509631) reported a significant increase in EBITDA, reaching 27% in Q4 FY25, with a full-year average of 21%, indicating strong operational performance. The company expanded its graphite electrode capacity from 80,000 tonnes to 100,000 tonnes, maintaining high capacity utilization between 80% and 85%, which is above the industry average. HEG Ltd remains one of the lowest cost producers of electrodes globally, benefiting from its large single-location capacity and low fixed costs. The global shift towards decarbonization and the commissioning of new electric arc furnace projects are expected to drive future demand for graphite electrodes, providing a positive outlook for HEG Ltd. The company is debt-free and has a substantial treasury size of approximately INR875 crores, providing financial stability and flexibility for future investments. Global crude steel production declined slightly, with major steel-producing regions experiencing weak demand and pricing challenges, impacting HEG Ltd's product demand and pricing. The imposition of a 10% import duty in the US could negatively affect HEG Ltd's business, although the impact is expected to be limited due to its diversified sales footprint. HEG Ltd recorded a mark-to-market loss on its investment in GrafTech International, resulting in a significant hit to its financials, with a loss of INR160 crores in Q4 FY25. The company's revenue from operations decreased to INR2,153 crores in FY25 from INR2,395 crores in the previous year, reflecting a challenging market environment. Despite the positive outlook, near-term challenges persist, with current graphite electrode prices being unsustainable for the industry, necessitating price increases to maintain profitability. Q: What is the update on the commissioning timeline of the graphite anode plant? A: The graphite anode plant is expected to be commissioned in April 2027. Q: What is the CapEx incurred so far for the graphite anode plant, and what is the expected remaining spend? A: Approximately INR100 crores have been spent so far. The total CapEx is around INR1,850 crores, and a large portion will be committed within this financial year. Q: How does HEG plan to structure the capital for the graphite anode project? A: The project will be financed through a mix of debt and equity. Q: What is the impact of US tariffs on HEG's business? A: The US has imposed a 10% tariff on imports, including from India. The impact is being monitored, and the situation may change after July 9. Q: How is HEG managing currency volatility given its export exposure? A: HEG's exports exceed its imports, and the company takes a view from time to time, either booking in advance or leaving it open based on market conditions. Q: What is the current demand for graphite electrodes, and how will new electric arc furnace capacities impact this? A: The demand for electrodes is linked to electric arc furnace steel production, which uses about 1.5 to 2 kilos of electrodes per tonne of steel. New capacities are expected to drive additional demand. Q: How does China impact the global graphite electrode market? A: China produces a large amount of electrodes but lacks the technology for high-grade electrodes, minimizing its impact on HEG and other Western producers. Q: What are the current trends in needle coke prices, and how do they affect HEG? A: Needle coke prices have been stable for the last three quarters. They are expected to remain stable in the short term, with potential changes aligned with electrode price movements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Meituan (MPNGF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Competitive Challenges
Revenue: Increased by 18.1% year-over-year to RMB86.6 billion. Cost of Revenue Ratio: Decreased by 2.3 percentage points year-over-year to 62.6%. Selling and Marketing Expenses Ratio: Decreased by 1 percentage point year-over-year to 18%. R&D Expenses Ratio: Maintained stable at 6.7% year-over-year. G&A Expenses Ratio: Maintained stable at 3% year-over-year. Total Segment Operating Profit: Increased to RMB11.2 billion from RMB6.9 billion last year. Total Segment Operating Margin: Increased from 9.5% to 13%. Adjusted Net Profit: Reached RMB10.9 billion, increased year-over-year. Cash and Cash Equivalents: Totaled RMB180.4 billion as of March 31, 2025. Cash Generated from Operating Activities: Increased to RMB20.1 billion year-over-year. Core Local Commerce Revenue: Grew by 17.8% year-over-year to RMB64.3 billion. Core Local Commerce Segment Operating Profit: Improved to RMB13.5 billion. Core Local Commerce Segment Operating Margin: Improved to 21%. New Initiatives Segment Revenue: Increased by 19.2% year-over-year to RMB22.2 billion. New Initiatives Segment Operating Loss: Narrowed to RMB2.3 billion. New Initiatives Segment Operating Loss Ratio: Narrowed to 10.2%. Warning! GuruFocus has detected 3 Warning Signs with BOM:535602. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Meituan (MPNGF) reported an 18.1% year-over-year increase in revenue, reaching RMB86.6 billion for the first quarter of 2025. The company achieved new highs in both annual transacting users and annual active merchants, indicating strong platform engagement. Meituan (MPNGF) plans to invest RMB100 billion over the next three years to drive high-quality growth in the food service industry. The company has launched innovative supply models, such as branded satellite stores, which have shown impressive revenue performance. Meituan (MPNGF) is expanding its on-demand retail brand, Meituan Instashopping, which has seen robust growth, particularly in non-food categories. Intense competition in the food delivery market, with new entrants like JD and Elena launching significant subsidy programs, poses challenges. The company expects volatility in short-term financial results due to increased competition and investment in maintaining market leadership. Meituan (MPNGF) is facing increased costs related to its overseas expansion efforts, particularly in Saudi Arabia and Brazil. The company's new initiatives segment, while growing, continues to operate at a loss, impacting overall profitability. There is uncertainty regarding the duration of the current competitive environment, making it difficult to provide accurate financial guidance for the year. Q: How has JD's RMB10 billion subsidy program impacted Meituan's food delivery order volume growth, and what measures will Meituan take to respond to this competitive environment? A: Xing Wang, Executive Chairman and CEO, stated that Meituan is prepared to take necessary measures to maintain its leadership. The company welcomes competition as it highlights the market's growth potential. Meituan plans to leverage its scale advantage and competitive moat, focusing on enhancing consumer experience and supporting small and medium-sized merchants. Despite short-term financial volatility, Meituan is confident in its long-term leadership and sustainable growth. Q: What is Meituan's strategy for expanding its on-demand retail brand, Meituan Instashopping, and how is it progressing in higher ticket size categories? A: Shaohui Chen, CFO and Senior Vice President, explained that Meituan Instashopping has expanded into various categories, including non-food items like consumer electronics and appliances. The platform has seen significant growth in these areas, with a focus on enhancing product coverage and quality. Meituan is committed to supporting merchants and expects to increase its market share in high AOV categories. Q: Can you elaborate on Meituan's RMB100 billion investment plan for the next three years and the progress of the couriers' pension insurance program? A: Shaohui Chen highlighted that the investment plan focuses on empowering merchants, elevating supply quality, promoting food safety, and stimulating consumption. The couriers' pension insurance pilot program has been positively received and will be expanded to more cities. Meituan aims to enhance the rights and interests of flexible workers while maintaining cost efficiency. Q: What are the latest developments with Keeta in Hong Kong and Saudi Arabia, and why is Meituan entering the Brazilian market? A: Xing Wang shared that Keeta has become the largest food delivery player in Hong Kong and is expanding in Saudi Arabia. The decision to enter Brazil is based on its market potential and strategic partnership between China and Brazil. Meituan plans to leverage its operational know-how and advanced systems to succeed in these markets. Q: How does Meituan plan to balance its investment in overseas expansion and domestic competition while maintaining profitability and shareholder returns? A: Shaohui Chen stated that Meituan will continue to generate robust cash flows from its Core Local Commerce segment, supporting overseas expansion and new initiatives. The company will focus on testing and validating business models in different markets, with a commitment to shareholder returns through share repurchase programs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
NTPC Ltd (BOM:532555) Q4 2025 Earnings Call Highlights: Strong Financial Performance Amid ...
Release Date: May 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NTPC Ltd (BOM:532555) achieved a significant milestone with the successful listing of NTPC Green Energy Limited, positioning it as a leader in India's renewable energy landscape. The company added 3,312 megawatts from renewable energy sources in FY 2025, demonstrating a strong commitment to energy transition. NTPC's thermal fleet achieved a plant load factor of 77.44%, outperforming the rest of India's PLF of 67.23%, showcasing operational excellence. The NTPC Group's total income for FY 2025 rose by 5%, with a robust growth in profit after tax by 9%, indicating strong financial performance. NTPC's strategic investments in international ventures and new business horizons are expanding its footprint and creating additional revenue streams. There were delays in capacity additions, particularly in the Khara and Bala projects, due to issues like cooling substation delays and land transfer problems. The company faces challenges in land acquisition and transmission connectivity for renewable projects, which could impact future capacity additions. Despite the increase in renewable capacity, NTPC still relies heavily on coal, with a significant portion of its capacity coming from thermal sources. The acquisition of the Sagra thermal power plant is still under discussion, indicating potential delays or complications in finalizing the deal. The company has not yet signed PPAs for some of its major projects, which could affect future revenue streams and project viability. Warning! GuruFocus has detected 3 Warning Sign with BOM:532555. Q: Can you provide details on NTPC Green Energy Limited's (NGL) renewable capacity addition and PPA status? A: The details are available in the uploaded documents. However, we can provide additional specifics separately. (Director of Finance) Q: What are the commissioning targets for FY 2025-26 and FY 2026-27 for both conventional and renewable energy? A: For FY 2025-26, NTPC expects to add 11,806 MW, including 3,580 MW of thermal, 1,000 MW of hydro, and 7,226 MW of renewable energy. For FY 2026-27, the target is 9,904 MW, with 1,460 MW of thermal, 444 MW of hydro, and 8,000 MW of renewable energy. (Director of Finance) Q: What explains the rise in joint venture income during the quarter? A: The increase in joint venture income to 630 crore is due to contributions from various JVs, including NTCL, BPI PCL, HURL, and others. (Director of Finance) Q: How confident is NTPC in achieving the 6.5 GW renewable energy target for this year, given last year's lower addition? A: We are confident based on the projects under construction. Last year's slippage will be compensated, and we are improving our target to 6.5 GW for FY 2025-26. (Director of Finance) Q: Are there any delays in thermal project tendering or awarding? A: There have been some delays, but major projects like Meja are expected to be awarded by the second week of July. (Director of Projects) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
