Latest news with #CromptonGreaves
Time of India
2 days ago
- Business
- Time of India
Crompton Greaves shares in focus after Rs 101 crore solar pump order from MEDA
Crompton Greaves Consumer Electricals shares will be in focus on Friday after the company announced it has secured a Letter of Award from the Maharashtra Energy Development Agency (MEDA) for the supply and installation of 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra. The order, valued at Rs 100.68 crore (excluding GST), falls under Component B of the Ministry of New and Renewable Energy's (MNRE) PM-KUSUM scheme . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Spots on face... Totally gone with Japan's Whitening Gel YUKINOUE雪之上 Learn More Undo Under the agreement, Crompton will handle the design, manufacturing, supply, transportation, installation, testing, and commissioning of the systems at various locations across the state. The project is scheduled to be completed within 90 days from the issuance of the work order. Also Read: KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% Q4 earnings snapshot Crompton Greaves reported a 22.5% year-on-year (YoY) rise in net profit to Rs 169.5 crore for the quarter ended March 31, 2025, compared to Rs 138.4 crore in the same period last year. Live Events Revenue from operations increased 5.1% YoY to Rs 2,060.6 crore, while EBITDA rose 29.9% to Rs 264.4 crore from Rs 203.6 crore, leading to an EBITDA margin improvement to 12.8% from 10.4%. For the full year FY25, revenue from the Electrical Consumer Durables (ECD) segment grew 11% YoY, driven by strong performance in pumps and appliances. The company generated operating cash flows of Rs 737 crore during the year. In Q4FY25, the ECD segment posted 6% YoY growth, led by pumps and appliances, with an EBIT margin of 16.7%. Crompton also launched its in-house BLDC and induction platforms—Nucleus and X-Tech—under a platform-first approach. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 Stock performance Crompton Greaves shares closed 2.5% lower at Rs 343.6 on the BSE in the previous session, in line with the 1% drop in the Sensex. The stock has declined 4% over the past three months and is down 19% over the last six months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
20-05-2025
- Business
- Economic Times
MobiKwik shares fall 6% as Q4 net loss widens to Rs 56 crore
Shares of One MobiKwik Systems fell 6.3% to Rs 262 in Tuesday's intraday trade on the BSE after the fintech company reported a sharp widening in its March quarter loss. ADVERTISEMENT The company posted a net loss of Rs 56.03 crore in Q4 FY25, compared to a loss of just Rs 67 lakh in the same period last year — an 83x increase. Revenue for the quarter rose marginally by 2.6% year-on-year to Rs 278 crore, up from Rs 271 crore in Q4 FY24. The company's payments gross merchandise value (GMV) grew 2.3x YoY to Rs 3,31,000 crore, while revenue from the payments business doubled to Rs 211 crore. Despite this growth, MobiKwik reported an EBITDA loss of Rs 45.8 crore, citing lower contribution margins. The company said that even with reduced fixed costs, overall losses continued.'Our Payments Business has shown remarkable strength, growing threefold year-over-year. Our focus for this year will be to leverage AI as a growth catalyst — to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation,' said Upasana Taku, Executive Director, Co-founder & CFO. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% ADVERTISEMENT For the full financial year, total income rose 34% YoY to Rs 119.2 crore, led by strong growth in payments revenue, which jumped 142%. However, the company noted that the contribution margin remained low at 30%, primarily due to a higher revenue mix from the payments segment. Revenue from financial product distribution declined amid sector-wide headwinds in Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% ADVERTISEMENT According to Trendlyne, the average target price for One Mobikwik Systems is Rs 700, indicating a potential upside of 154% from current levels. The stock holds a 'Strong Buy' rating based on recommendations from one the stock has fallen 55%, although it has gained 14% over the past two weeks. The company's current market capitalisation stands at Rs 2,137 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
20-05-2025
- Business
- Time of India
BEL shares in focus after Q4 profit rises 18% YoY; order book swells to Rs 71,650 crore
Bharat Electronics Limited (BEL) shares will be in focus on Tuesday after the state-run defence company reported an 18% year-on-year (YoY) rise in net profit to Rs 2,127 crore for the quarter ended March 2025 (Q4FY25), compared to Rs 1,797 crore in the same period last year. Revenue from operations came in at Rs 9,150 crore, up 7% from Rs 8,564 crore reported in Q4FY24. The company's board recommended a final dividend of Rs 0.90 per equity share for the financial year 2024-25. On a sequential basis, profit after tax (PAT) jumped 62% from Rs 1,312 crore in Q3FY25, while revenue surged 59% from Rs 5,771 crore in the previous quarter. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% The company incurred expenses of Rs 6,477 crore in the quarter under review which was up from Rs 4,213 crore in Q3FY25 and Rs 6,399 crore in Q4FY24. This is a 54% sequential jump while a 1.2% YoY rise. The expenses were made under the heads viz. cost of materials consumed, employee benefits expense and finance costs, among other things. For the full financial year, the PAT stood at Rs 5,323 crore versus Rs 3,985 crore, recording a 34% jump. Meanwhile, the topline for FY25 stood at Rs 23,769 crore, up from Rs 20,268 crore in the year-ago period. This translates into a 17% rise over the previous financial year. The Navratna company achieved a Profit Before Tax (PBT) during FY 2024-25 stood at Rs 7089.99 crore, with a growth of 33% over the PBT of Rs 5,335 crore recorded during the previous year. During the 4th quarter of FY 2024-25, PBT has increased to Rs 2,848 crore from Rs 2,386 crore recorded in the corresponding period of the previous year. The order book position of the company as on April 1, 2025, stood at Rs 71,650 crore. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% BEL share price target According to Trendlyne data, the average target price for BEL shares is Rs 342, implying a potential downside of 6% from current levels. Of the 24 analysts tracking the stock, the majority have maintained a 'Buy' rating. BEL shares price performance In 2025 so far, BEL shares have gained 24% year-to-date and delivered a remarkable 240% return over the past two years. The company's current market capitalisation stands at Rs 2,65,747 crore.
Economic Times
20-05-2025
- Business
- Economic Times
BEL shares in focus after Q4 profit rises 18% YoY; order book swells to Rs 71,650 crore
The company incurred expenses of Rs 6,477 crore in the quarter under review, which was up from Rs 4,213 crore in Q3FY25 and Rs 6,399 crore in Q4FY24. Synopsis Bharat Electronics Limited reported a robust 18% YoY increase in net profit, reaching Rs 2,127 crore for Q4FY25, alongside a 7% rise in revenue to Rs 9,150 crore. The board proposed a final dividend of Rs 0.90 per share. Bharat Electronics Limited (BEL) shares will be in focus on Tuesday after the state-run defence company reported an 18% year-on-year (YoY) rise in net profit to Rs 2,127 crore for the quarter ended March 2025 (Q4FY25), compared to Rs 1,797 crore in the same period last year. ADVERTISEMENT Revenue from operations came in at Rs 9,150 crore, up 7% from Rs 8,564 crore reported in Q4FY24. The company's board recommended a final dividend of Rs 0.90 per equity share for the financial year 2024-25. On a sequential basis, profit after tax (PAT) jumped 62% from Rs 1,312 crore in Q3FY25, while revenue surged 59% from Rs 5,771 crore in the previous quarter. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% The company incurred expenses of Rs 6,477 crore in the quarter under review which was up from Rs 4,213 crore in Q3FY25 and Rs 6,399 crore in Q4FY24. This is a 54% sequential jump while a 1.2% YoY rise. The expenses were made under the heads viz. cost of materials consumed, employee benefits expense and finance costs, among other things. ADVERTISEMENT For the full financial year, the PAT stood at Rs 5,323 crore versus Rs 3,985 crore, recording a 34% jump. Meanwhile, the topline for FY25 stood at Rs 23,769 crore, up from Rs 20,268 crore in the year-ago period. This translates into a 17% rise over the previous financial Navratna company achieved a Profit Before Tax (PBT) during FY 2024-25 stood at Rs 7089.99 crore, with a growth of 33% over the PBT of Rs 5,335 crore recorded during the previous year. During the 4th quarter of FY 2024-25, PBT has increased to Rs 2,848 crore from Rs 2,386 crore recorded in the corresponding period of the previous year. ADVERTISEMENT The order book position of the company as on April 1, 2025, stood at Rs 71,650 crore. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% According to Trendlyne data, the average target price for BEL shares is Rs 342, implying a potential downside of 6% from current levels. Of the 24 analysts tracking the stock, the majority have maintained a 'Buy' rating. ADVERTISEMENT In 2025 so far, BEL shares have gained 24% year-to-date and delivered a remarkable 240% return over the past two years. The company's current market capitalisation stands at Rs 2,65,747 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights NEXT STORY
