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New Indian Express
3 days ago
- Business
- New Indian Express
EIL to diversify into power and semiconductor sector
State-owned Engineers India Limited (EIL) is diversifying itself from oil and gas to other sectors, including the power sector, mining, nuclear power, and semiconductors, said chairman and managing director (CMD) Vartika Shukla. Shukla, speaking at the fourth-quarter results, also mentioned that EIL is in talks with companies to build clean rooms for semiconductor manufacturers in the country. 'We are in talks with three companies to provide clean rooms for semiconductor manufacturers,' said Shukla. In the year 2024-25, the engineering consultancy and project management company secured an order inflow of Rs 8,214 crore, which is an all-time high in EIL's journey so far, leading to a robust order book position standing at around Rs 12,400 crore. The share of its diversified business segments has increased significantly, with around 36% of the order inflow shared by the energy-efficient infrastructure segment in the past fiscal. The contribution of order inflow from international businesses grew significantly, reaching around Rs 1,077 crore, the highest in the last decade.
Business Standard
4 days ago
- Automotive
- Business Standard
Varroc Engg gains on reporting turnaround PAT of Rs 21 crore in Q4
Varroc Engineering advanced 2.86% to Rs 519.95 after the company reported consolidated net profit of Rs 20.57 crore in Q4 FY25 as against net loss of Rs 47.43 crore posted in Q3 FY25. However, on a year-on-year (YoY) basis, consolidated net profit fell 63.82%, although revenue grew by 6.29% in Q4 FY25. Profit before exceptional items and tax stood at Rs 103.36 crore in Q4 FY25, up 3.55% from Rs 99.81 crore posted in the same quarter last year. The company reported exceptional items worth Rs 56.41 crore during the quarter. EBITDA stood at Rs 213.4 crore in Q4 FY25, registering a decline of 2.42% YoY. EBITDA margin reduced to 10.2% in Q4 FY25, compared to 11.1% reported in the corresponding quarter previous year. On segmental front, revenue from the automotive business was Rs 2,035.63 crore, registering a 5.84% YoY increase, while income from other segments came in at Rs 63.58 crore, up 23.09% YoY during the same period. Tarang Jain, CMD said, India has now become the 4th largest economy and the GDP had a steady growth of 6.2% in Q3 FY25. Softening of inflation in the last few quarters and interest rate reductions globally encouraged our central bank to reduce the repo rate by 50 basis points. Weak growth in consumption, on top of global & regional conflicts and an uncertain tariff regime, may impact discretionary spending, which can have an impact on the automotive industry. However, we remain confident about the medium- to long-term growth prospects of the automotive industry. During Q4 of FY25, all the segments registered moderate growth on a YoY basis: - 2W grew by 5.8%, PV grew by 5.2%, CV grew by 3.1% & 3W grew by 9.5%. On a QoQ basis also, almost all segments, other than 2W, reported strong growth, as normally Q4 is a strong quarter for the Indian automotive industry every year. 2W de-grew by 1.2%, 3W grew by 3.0%, PV grew by 20.4%, and only CV grew by 20.9%. Now coming to the operational performance, during Q4 FY25, the company registered consolidated revenue of Rs.21 bn with a growth of 11% YoY on like-to-like basis, with India operations growing at 13%. Our EBITDA for the quarter was around 10.2% on back of improvement in the gross margin and benefits of operating leverage. Our PBT before exceptional items and JV profits was over Rs. 1 billion or 4.9% of revenue in Q4 FY25. As you all know, we have been working on structural changes like merger of VEL and VPL and exiting from China JV. We had to recognize certain one-time exceptional items primarily relating to these initiatives, which will simplify our operations and also improve our financial performance going forward. We continue to strengthen our balance sheet and return ratios. The net debt of the company in FY25 reduced by 2,348 million, and as a result the net debt to equity reduced to below 0.5x at the end FY25 from 0.64X at the end of FY24. The absolute net debt figure was at 7,480 million. ROCE (before tax) for FY25 was 20.8% and free cash flow generation was also healthy at Rs 3,116 million, or 3.8% of revenue before growth capex in land. In FY25, we also achieved net new business wins with annualized peak revenues of Rs.11,734 million, with EV models constituting more than 55% of this. It is more heartening to see business wins in our overseas operations also, which will improve profitability from FY 27 onwards. Our continuing focus on revenue growth, improvement in gross margin, control on fixed cost and optimization of capex and working capital will enable us to generate healthy free cash flows in the future also. Meanwhile, the companys board has recommended a dividend of Rs 1 per equity share for the financial year 2024-25, subject to shareholder approval at the 37th Annual General Meeting (AGM). The company has fixed Friday, 8 August 2025, as the record date to determine shareholders entitlement to the dividend. If approved at the AGM, the dividend will be paid within 30 days from the date of the meeting. Further, the companys board has approved the re-appointment and payment of remuneration to Tarang Jain as chairman and managing director of the company, liable to retire by rotation, for a period of 3 years from 1 June 2025 to 31 May 2028, subject to approval of the members of the company. Furthermore, following the scheme of amalgamation of wholly owned subsidiary Varroc Polymers with Varroc Engineering, effective from 1 February 2025, the authorized share capital of the company increased from Rs 50.45 crore to Rs 55.94 crore. The board also approved the reclassification of Rs 5.49 crore of authorized share capital, converting 54.90 lakh equity shares of Rs 10 each to Re 1 each, subject to shareholder approval. Lastly, the board has resolved to seek shareholders approval via special resolution at the AGM to issue secured or unsecured redeemable non-convertible debentures (NCDs) amounting to not more than Rs 500 crore, in one or more tranches, either in Indian rupees or foreign currency, on a private placement basis. Varroc Engineering designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle ("OHV") OEMs directly worldwide.
Daily Express
5 days ago
- Science
- Daily Express
Education reform urgent for Sabah's future: CM
Published on: Wednesday, May 28, 2025 Published on: Wed, May 28, 2025 Text Size: Hajiji greets some of the attendees. - Pic by CMD KOTA KINABALU: Chief Minister Datuk Seri Hajiji Noor said transforming Sabah's education system is an urgent necessity, not a choice, to prepare students for future challenges. He cited 2024 data showing only 65 per cent of students possessed good or excellent problem-solving skills, while just 72 per cent felt confident applying science in daily life. Speaking at the opening of the 2025 Arise International Education Research Conference at SICC on Wednesday, he stressed that many students still struggle with Stem basics and that education reform must be prioritised. Hajiji emphasised strengthening research-based and innovative teaching approaches, including greater investment in Stem and TVET programmes to produce competitive, skilled human capital in Sabah. He also highlighted the RM41.75 million allocation this year for science and innovation programmes, alongside the importance of global partnerships and educator-driven research in raising Sabah's education profile. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Business Standard
7 days ago
- Business
- Business Standard
Godavari Biorefineries hits the roof after Q4 PAT rises 10% YoY to Rs 72 cr
Godavari Biorefineries hit an upper circuit of 20% at Rs 227.80 after the company's consolidated net profit rallied 10.37% to Rs 71.93 for the quarter ended 31 March 2025, compared to Rs 65.17 crore in the corresponding period last year. The growth in profit came despite a 5.80% year-on-year decline in revenue from operations, which stood at Rs 579.50 crore during the quarter. Profit before tax (PBT) surged 5.23% to Rs 95.74 crore from Rs 90.98 crore in the year-ago quarter. EBITDA for the quarter declined marginally by 2.17% to Rs 121.7 crore as against Rs 124.4 crore in Q4 FY24. However, the EBITDA margin improved to 21%, up from 20.2% in the same period last year, aided by better product mix and cost optimization. On the segmental front, revenue from the sugar segment rose 7.52% YoY to Rs 561.50 crore. The biobased chemicals segment posted revenue of Rs 139.13 crore, up 8% YoY, while the distillery segment reported a robust 37.3% YoY growth in revenue to Rs 249.54 crore during the quarter. On a full-year basis, the company's net loss was reported at Rs 23.41 crore in the year ended March 2025, as against a net profit of Rs 12.30 crore during the previous year ended March 2024. Revenue from operations rose 10.88% to Rs 1870.25 crore in the year ended March 2025 as against Rs 1686.67 crore during the previous year ended March 2024. Commenting on the results, Samir Somaiya, CMD, said, FY25 was a defining year for Godavari Biorefineries, showcasing our agility, disciplined execution, and strategic progress. Our bio-based chemicals segment delivered over 2x growth in EBITDA, propelled by our shift toward high-value, sustainable solutions and enhanced operational efficiencies. Looking ahead, our 200 KLPD grain/maize distillery is progressing as planned and is expected to be commissioned in Q4 FY26. We are also exploring multi-feedstock options for greater flexibility while undertaking debottlenecking and expansion initiatives focused on specialty products. FY25 has laid a solid foundation for future growth, and we remain committed to delivering value through innovation, sustainability, and disciplined growth. Godavari Biorefineries is a manufacturer of bio-based chemicals and ethanol.
Time of India
24-05-2025
- Climate
- Time of India
Heavy rain forecast puts MSEDCL on high alert
Nagpur: A three-day heavy rainfall forecast for Nagpur and many parts of Vidarbha has put Maharashtra State Electricity Distribution Company Limited ( MSEDCL ) on high alert. The power utility has initiated emergency protocols to ensure an uninterrupted supply throughout the monsoon season. MSEDCL chairman and managing director Lokesh Chandra chaired a statewide virtual review meeting on Friday issuing directives to ensure a swift and effective response to any power outages caused by natural calamities. He emphasised that emergency control rooms must be activated immediately and operate 24x7. On Wednesday, MSEDCL was caught off guard as citywide blackouts, lasting hours, were reported following heavy rain. MSEDCL control rooms began functioning from May 23 with teams mobilised for real-time redressal of outages. Chandra directed that any disruption in power supply must be resolved immediately. If delays are unavoidable, customers must be informed promptly through SMS, WhatsApp groups, social media, and media outlets. The CMD also made it clear that all outage durations will be closely monitored from the headquarters, and delays without justification will be taken seriously. Given the likelihood of infrastructure damage due to strong winds and heavy rain, each MSEDCL circle has been ordered to stock essential repair equipment — including electric poles, transformers, wires, and oils. Chandra emphasised that all engineers, support staff, and contracted agencies must be fully prepared with manpower, materials, and vehicles. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
