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Business Standard
2 days ago
- Business
- Business Standard
Mid, smallcap indices can dip up to 9% from here; analysts turn cautious
Historically, the combination of narrowing earnings differential, high valuations and prolonged outperformance, Nuvama said, has led to a large period of underperformance for SMIDs (2018-19) Listen to This Article The rally in the small-and midcap indices (SMIDs) is showing signs of fatigue amid a sharp rebound from April lows in the backdrop of tepid earnings growth and high valuations, suggest analysts. These indices, technical charts hint, may drop up to 9 per cent from the current levels. Nifty/SMIDs have bounced 12 per cent / 20 per cent from April low amid earnings downgrades and continuing economic slowdown. This, said analysts at Nuvama Institutional Equities, has led to an unprecedented wedge between growth and valuation—with the BSE 500 median PE at 40x, while trailing median earnings growth is just 9
Economic Times
4 days ago
- Business
- Economic Times
Castrol, HUL among 7 companies that paid more in dividends than their FY25 profits
Tired of too many ads? Remove Ads ET Intelligence Group: Companies with a consistent dividend paying record are often preferred by conservative investors given the reasonable certainty of annual cash flow. Apart from consistency, the extent of payout to shareholders also plays a critical role. This is determined by the payout ratio, which is dividends as a percentage of annual net profits. Companies with a high payout ratio distribute a larger share of profits among shareholders. According to an ETIG analysis, there were seven companies among the BSE 500 index components, which paid more dividends in FY25 compared with their net profits for the fiscal year. It implies dividend payout ratios in excess of 100%, aided by either special dividends or higher dividends than the previous of these companies had a market cap above ₹20,000 crore as on Friday while four had a market cap above ₹1 lakh crore indicating that more mature businesses tend to report higher payout ratios given stability in their cash flows. The list includes Castrol India , Page Industries, Tech Mahindra Hindustan Unilever (HUL), Aster DM Healthcare , and Godrej Consumer Products . Among these companies, Castrol India , HUL, and Aster DM declared special dividends. In the case of Aster DM, the company declared a substantially high special dividend of ₹118 per share after separating its Gulf business last year. It paid around ₹6,150 crore in dividend compared with its net profit of over ₹5,400 crore in the sector front, IT, FMCG, and metals topped the charts in terms of highest payout ratios. IT companies reported payout ratio of 76% for FY25 at the aggregate level, much higher th an 60% seen in the previous year. For FMCG companies, the ratio dropped to 64% from 80.5% while it increased to 53% for metal companies from 49% by similar comparison.
Time of India
4 days ago
- Business
- Time of India
Castrol, HUL among 7 companies that paid more in dividends than their FY25 profits
ET Intelligence Group: Companies with a consistent dividend paying record are often preferred by conservative investors given the reasonable certainty of annual cash flow. Apart from consistency, the extent of payout to shareholders also plays a critical role. This is determined by the payout ratio, which is dividends as a percentage of annual net profits. Companies with a high payout ratio distribute a larger share of profits among shareholders. According to an ETIG analysis, there were seven companies among the BSE 500 index components, which paid more dividends in FY25 compared with their net profits for the fiscal year. It implies dividend payout ratios in excess of 100%, aided by either special dividends or higher dividends than the previous year. Agencies Each of these companies had a market cap above ₹20,000 crore as on Friday while four had a market cap above ₹1 lakh crore indicating that more mature businesses tend to report higher payout ratios given stability in their cash flows. The list includes Castrol India , Page Industries, Tech Mahindra , Hindustan Zinc , Hindustan Unilever (HUL), Aster DM Healthcare , and Godrej Consumer Products . Among these companies, Castrol India , HUL, and Aster DM declared special dividends. In the case of Aster DM, the company declared a substantially high special dividend of ₹118 per share after separating its Gulf business last year. It paid around ₹6,150 crore in dividend compared with its net profit of over ₹5,400 crore in FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management healthcare Data Science Public Policy others Design Thinking Digital Marketing Healthcare Leadership Degree Cybersecurity PGDM Data Analytics CXO Technology MBA Data Science MCA Operations Management Product Management Others Artificial Intelligence Management Finance Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details On the sector front, IT, FMCG, and metals topped the charts in terms of highest payout ratios. IT companies reported payout ratio of 76% for FY25 at the aggregate level, much higher th an 60% seen in the previous year. For FMCG companies, the ratio dropped to 64% from 80.5% while it increased to 53% for metal companies from 49% by similar comparison.
The Wire
7 days ago
- Business
- The Wire
Tanla Announces First Quarter Results for FY26
HYDERABAD, India — July 25, 2025 — Tanla Platforms Limited, India's largest CPaaS provider, today announced its financial results for the first quarter of FY26. Key Metrics: First Quarter (April – June 2025) • Revenue was at ₹ 1041 Cr, grew by 1.6% QoQ and 3.8% YoY • Gross profit was at ₹261 Cr, with a gross margin of 25.0% • EBITDA was at ₹ 164 Cr, with an EBITDA margin of 15.8% • Profit after tax was at ₹ 118 Cr, with a profit after tax margin of 11.4% • Earnings per share at ₹ 8.82 • Cash balance at ₹ 910 Cr, post payout of interim dividend Uday Reddy, Founder Chairman & CEO, said, "Our AI-native platform will go live in August 2025 with a leading telco in Southeast Asia, deepening our inroads into international markets. Built on scalable AI infrastructure with an agentic layer, the platform will be seamlessly embedded in the telco ecosystem. Early feedback has been encouraging, and I am confident this will unlock new opportunities for long-term shareholder value creation.' Significant events during the quarter: deployment of AI native platform for mobile carriers and enterprises with a telco in Southeast Asia; commercial launch in Q2 FY26 MaaP platform deployment for RCS across two Southeast Asian telcos of Anubhav Batra as Chief Financial Officer effective 28th July 2025 Mr. Sunil Bhumralkar as an Independent Director to the Board a buyback of ₹175 Cr at ₹875 per share through the tender route mechanism; and expected to close by end of August 2025 Read our Shareholder Report here. Earnings Conference Call Tanla will host a conference call and live webcast to discuss the financial results on July 25, 2025, at 3.30 PM IST. Conference call details India 91 22 6280 1137 91 22 7115 8038 International Toll Free United Kingdom: 08081011573 United States: 18667462133 Hong Kong: 800964448 Singapore: 8001012045 Watch presentation For any additional information, please contact: Ritu Mehta Director- Investor relations About Tanla Founded in 1999, Tanla Platforms Limited has revolutionized digital interactions by empowering users and enabling enterprises through its innovation-led SaaS business. With a unique enterprise and user-centric approach, Tanla has emerged as a leader in the CPaaS industry dominating data security, privacy, spam, and scam protection. Headquartered in Hyderabad (India), Tanla is the preferred partner for over 2,000 enterprises across various industries, including global tech giants like Google, Meta, and Truecaller. Tanla is recognized as a 'Visionary' in the 2024 Gartner® Magic Quadrant™ for CPaaS and is ranked among the '1000 High-Growth Companies in Asia Pacific' by the Financial Times. Tanla is publicly traded on the NSE and BSE (NSE: TANLA; BSE: 532790) and is included in prestigious indices such as the Nifty 500, BSE 500, Nifty Digital Index, FTSE Russell, and MSCI. Safe Harbor This information contains 'forward-looking' statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, plans for future operations, competitive position, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as 'expect,' 'anticipate,' 'should,' 'believe,' 'hope,' 'target,' 'project,' 'plan,' 'goals,' 'estimate,' 'potential,' 'predict,' 'may,' 'will,' 'might,' 'could,' 'intend,' 'shall,' and variations of these terms or the negative of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to several risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to several factors. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Economic Times
7 days ago
- Business
- Economic Times
IEX shares plummet 30% amid 'market coupling' concerns
Indian Energy Exchange shares experienced a significant drop. This decline followed the Central Electricity Regulatory Commission's decision. The commission plans to implement 'market coupling'. This move is expected to impact IEX's revenue streams. Market coupling aims to unify power prices. Hindustan Power Exchange and Power Exchange India may benefit. IEX's market share could potentially decrease as a result. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Shares of the Indian Energy Exchange (IEX) dropped 30% on Thursday, the biggest ever single-day fall, as the Central Electricity Regulatory Commission's move to implement ' market coupling ' is seen squeezing its revenues Market coupling is aimed at unifying power prices, resulting in improvement of power trade efficiency but this is seen hurting IEX."Historically, market participants turned to IEX for price discovery. But, after this, transactions will be distributed among three exchanges and grid India on a rotational basis," said Rupesh Sankhe, power sector analyst at Elara Securities. "If competing exchanges lower transaction fees, IEX's volumes could decline further." IEX shares ended 27.9% lower at ₹132.32 on Thursday. While IEX may lose market share, other two exchanges, Hindustan Power Exchange (HPX) and Power Exchange India (PXIL) may of Power Exchange India (PXIL) went up by about Rs 30 to Rs 575 in the unlisted market on Thursday, post the announcement, as per data from 'We anticipate a significant impact on IEX's profitability following the implementation of market coupling from next year,' said Sneha Poddar, associate vice president, equity research at Motilal Oswal Financial Services . 'DAM (day ahead market), which currently accounts for nearly 50% of IEX's volumes, may see reduced activity as a result. This could also weaken the company's pricing power.'Sankhe said that out of the total 140 billion units traded on power exchanges, the day ahead market and real time market (RTM) together account for approximately 114 billion units. 'This shift could impact IEX's revenue by 25-40% cut in FY27 assuming market coupling also gets implemented for real time market products and exchange margins cut,' he the decline on Thursday, the stock had gained 3.4% in 2025 in line with the performance of the BSE 500 index. Poddar said that given the current uncertainty, she recommends existing investors consider exiting the stock. 'New investors should wait for greater clarity on how these changes may affect the company's revenue,' she said.
