Latest news with #DLO
The Hindu
4 days ago
- Business
- The Hindu
Haileyburia Tea Estate lockout to continue as talks fail
The lockout at Haileyburia Tea Estates in Peerumade will continue after talks with the Deputy Labour Officer (DLO) failed on Wednesday (August 13). The management had halted all operations at the four estates of Haileyburia Tea Estates on August 7 after labour unions had protested demanding payment of salary dues and other benefits. According to the union leaders, the management had announced a lockout at the Semmni Valley, Vallakkadu, Chinnar, and Haileyburia divisions of Haileyburia Tea Estates Limited. High Range Plantation Employees Union (INTUC) president Cyriac Thomas said: 'During the meeting with the DLO at Peerumade, the company representatives did not provide a timeline for the distribution of salary and other benefits. After the lockout was announced, the workers were facing a huge crisis. I will seek the Chief Minister intervention to solve the issue.' High Range Estate Employees Association (CITU) vice-president Antappan M. Jacob said that the estate management had unilaterally announced the lockdown. 'The management declined to pay provident fund, gratuity, and salary to the workers. Even retired employees are unable to withdraw PF money from their account. When the workers' unions sought the salary dues, the company suddenly announced a lockout,' said Mr Jacob. 'Many migrant labourers work on the tea estate and the company is exploiting them. Over 150 migrant workers joined the CITU's recent protest at Elappara. The trade unions are ready to cooperate with the management. But the company is not ready to pay what is due to the workers,' said Mr. Jacob. Meanwhile, Haileyburia Tea Estates senior manager M. Lingaraj said that during the meeting the workers' unions demanded the immediate settlement of all dues. 'The company has to deposit ₹5 crore into the provident fund account. We promised to the pay the salaries immediately, but the unions rejected this offer,'' said Mr Lingaraj. The unions stood firm on their demand for being paid the fringe benefits too. 'The company is facing a serious financial crisis and has put 102 acres of land for sale. But the government has not granted permission. In addition, the company had sought permission to fell 1,000 teak trees to tide over the financial crisis. But the Forest department has opposed it,' said the manager. According to a senior Forest department official, the department grants permission for tree felling only after verifying land records. The Haileyburia Tea Estates is one of the first tea plantations started by Europeans in the Peerumade hills.
Yahoo
27-05-2025
- Business
- Yahoo
Citi Initiates Coverage of DLocal (DLO) with a Buy Rating
On Tuesday, Citi analyst Arnon Shirazi initiated coverage of DLocal Limited (NASDAQ:DLO) with a Buy rating and a $14.60 price target. This sentiment comes from DLocal's expanding payment volume and strategic position. Global competition remains concentrated in developed markets, and DLocal is a certain choice for merchants that are looking to expand into emerging markets. A modern payment processor with illuminated buttons in a busy financial district. DLocal recently reported strong Q1 2025 financial results on May 14. The company achieved record highs in revenue, which reached $217 million and was up 18% year-over-year, as well as in gross profit, which stood at $85 million and grew 35%. Notably, the company's Total Payment Volume/TPV surged by 53% year-over-year to $8.1 billion. It also grew 5% sequentially. However, local-to-local TPV declined 3% sequentially due to seasonality and partial loss of share with a large merchant in Mexico. Increased processing costs in South Africa and Nigeria also impacted gross profit margins. DLocal Limited (NASDAQ:DLO) operates a global payment processing platform. It offers a pay-in solution that allows businesses to get paid for their products and services through various payment methods. While we acknowledge the potential of DLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DLO and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
20-05-2025
- Business
- Yahoo
DLocal Limited (DLO): A Bull Case Theory
We came across a bullish thesis on DLocal Limited (DLO) on Substack by Steve Wagner. In this article, we will summarize the bulls' thesis on DLO. DLocal Limited (DLO)'s share was trading at $11.77 as of May 16th. DLO's trailing and forward P/E were 24.51 and 20.96 respectively according to Yahoo Finance. A customer making a purchase at a modern retail store terminal, showing the ubiquity of the company's payment solutions. dLocal (DLO) began 2025 with record-breaking results, affirming its position as a vital payments enabler connecting global merchants to consumers across emerging markets. The Uruguay-based fintech processed $8.1 billion in Total Payment Volume (TPV), up 53% year-over-year (72% in constant currency), and generated $216.8 million in revenue, growing 18% YoY despite a slight dip in take rate. The shift toward higher-margin cross-border transactions and tight cost controls drove a 35% increase in gross profit to $84.9 million, with gross margins expanding to 39.2%. Adjusted EBITDA surged 57% to $58 million (27% margin), while net income more than doubled to $46.7 million. Strong cash flows allowed dLocal to declare a special dividend of $0.525 per share, totaling $150 million, and commit to annual dividends going forward—signaling confidence in sustainable growth and shareholder alignment. Operationally, dLocal deepened partnerships with key global players like Temu, Rappi, and Zepz, demonstrating its unique ability to support both pay-in and pay-out use cases across over 30 countries. Temu now uses dLocal to reach 15+ emerging markets, Rappi expanded its integration including Pix in Brazil, and Zepz is leveraging dLocal to streamline remittances. While profitability in Latin America benefited from inflation-driven volumes and FX spreads, Brazil's shift to Payment Orchestration pressured take rates temporarily. Competition impacted Mexico results, and FX headwinds weighed on Africa and Asia. Nonetheless, dLocal's geographic and sector diversification, scale advantages, and margin expansion highlight a durable growth story. With expanding verticals and growing transaction complexity, the company remains well-positioned to unlock further value. DLocal Limited (DLO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held DLO at the end of the fourth quarter which was 21 in the previous quarter. While we acknowledge the risk and potential of DLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
15-05-2025
- Business
- Yahoo
Which Fintech Stock Should You be Targeting?
Lesser-known Uruguayan fintech stock dLocal Ltd (NASDAQ:DLO) is one of the best stocks on Wall Street today, last seen up 13.4% to trade at $11.59. The company's first-quarter earnings and revenue both topped estimates, prompting a price-target hike from Susquehanna to $18 from $16. DLO has now reclaimed its year-to-date breakeven level and is 17% higher in the last 12 months. How does this stack up against its more prominent sector peers? LendingClub Corp (NYSE:LC) -- a -- is down 4% to trade at $10.66, and is now down 34% in 2025. The shares are still up nearly 10% in May alone, but the rally has been stopped short at their 80-day moving average. Robinhood Markets Inc (NASDAQ:HOOD) is in a different sphere of fintech, but still falls under the sector. The stock was last seen down 2.8% to trade at $59.68, but yesterday made a run at its four-year high of $66.91 on February 13. HOOD boasts a 60% year-to-date gain, with support stepping up at its 200-day moving average. Affirm Holdings Inc (NASDAQ:AFRM) is down 6.8% to trade at $52.68, and is now down 13% year-to-date. The shares yesterday ran head-first into their 126-day moving average, but longer-term remain up 63% in the last 12 months. DLO has the most contrarian potential of the four. Of the seven brokerages covering the stock, five are on the sidelines with "hold" ratings. Amongst short sellers, nearly 15% of the equity's total available float is sold short, indicating dLocal could have room to run on the charts. 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
15-05-2025
- Business
- Yahoo
DLocal Ltd (DLO) Q1 2025 Earnings Call Highlights: Record Growth in Revenue and Net Income
TPV (Total Payment Volume): $8.1 billion, 53% year-over-year growth, 5% quarter-over-quarter growth. Revenue: $217 million, 18% year-over-year growth, 6% quarter-over-quarter growth. Gross Profit: $85 million, 35% year-over-year growth, 1% quarter-over-quarter growth. Adjusted EBITDA: $58 million, 57% year-over-year growth, 2% quarter-over-quarter growth, with a margin of 27%. Net Income: $47 million, 163% year-over-year growth, 57% quarter-over-quarter growth. Free Cash Flow: $40 million, 22% increase from the previous quarter. Cash and Cash Equivalents: $512 million, up $86 million from the previous period. Adjusted EBITDA to Gross Profit Ratio: 68%, slight improvement from the previous quarter. Net Retention Rate of TPV: 144%. Dividend Announcement: Extraordinary cash dividend of $0.525 per common share, totaling $150 million. Warning! GuruFocus has detected 5 Warning Signs with DLO. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. DLocal Ltd (NASDAQ:DLO) achieved record highs in revenue and gross profit, with revenue reaching $217 million and gross profit at $85 million. The company's Total Payment Volume (TPV) grew by 53% year-over-year, reaching $8 billion, with a 72% increase in constant currency. DLocal Ltd (NASDAQ:DLO) demonstrated strong cash flow, with free cash flow to net income conversion at 85%. The company continues to expand its footprint in emerging markets, with significant growth in regions like Chile, Pakistan, Nigeria, Turkey, and Brazil. Strategic investments in technology and operations are enhancing operational efficiency and service quality, with advancements in AI and automation driving improved customer experience and compliance monitoring. DLocal Ltd (NASDAQ:DLO) experienced a decline in local-to-local TPV by 3% quarter-over-quarter, attributed to seasonality and partial loss of share with a large merchant in Mexico. The company faced increased processing costs in South Africa and Nigeria, impacting gross profit margins. Revenue in Brazil declined due to a migration to a payment orchestration model, resulting in lower take rates. The advertising sector showed weakness, impacting the net take rate by 4 basis points quarter-over-quarter. Despite ongoing investments, operational expenses are expected to increase throughout the year, potentially impacting short-term profitability. Q: Can you provide more details on the growth in Argentina and the situation in Mexico regarding volume loss with a large merchant? A: Pedro Arnt, CEO: Argentina's growth appears sustainable, driven by increased interest from global merchants and alternative payment methods. As capital controls ease, the market is becoming more attractive. In Mexico, the volume loss is due to shifts in share of wallet among a few large merchants. We expect to reignite growth with better execution, as there are no structural issues preventing this. Q: Are the higher take rates in Argentina sustainable, especially with increased interest in the market? A: Pedro Arnt, CEO: The higher take rates in Argentina are sustainable due to our involvement in discounting receivables and financing alternatives for merchants. This is inherent to our business model, particularly when consumers buy on installments, leading to more factoring of receivables. Q: Operating expenses grew by 3% in the quarter. Is this growth expected to continue, and what about the impact from the advertising client? A: Jeffrey Brown, Interim CFO: There is a timing element to the OpEx growth, but we remain focused on managing expenses responsibly. Pedro Arnt, CEO: The impact from the advertising client is due to a mix shift in TPV away from a higher take rate merchant. This is a global mega cap merchant, and the impact is due to a shift in merchant mix. Q: Can you provide more color on the strong performance in other LATAM markets and the outlook for EBITDA margins? A: Pedro Arnt, CEO: Other LATAM markets showed strong TPV growth, particularly in frontier markets with higher take rates. Chile was notably strong. Regarding EBITDA margins, while there is an element of timing in expenses, we expect modest margin expansion this year, with potential for further improvement as we leverage AI and automation. Q: Could you elaborate on the revenue and gross profit decline in Brazil and the rationale behind the dividend policy? A: Pedro Arnt, CEO: Brazil's revenue and gross profit decline are due to a repricing from our largest merchant and a migration to a lower take rate gateway product. There were also one-off costs impacting gross profit. Regarding the dividend policy, our asset-light model allows us to return capital to shareholders while maintaining flexibility for growth investments. 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
