Latest news with #EBIDTA
Business Standard
27-05-2025
- Business
- Business Standard
Maharashtra Seamless records PAT of Rs 242 crore; EBIDTA margin at 20%
Maharashtra Seamless has reported 10.8% increase in consolidated net profit to Rs 242.04 crore on a 16.7% rise in net sales to Rs 1417.77 crore in Q4 FY25 as compared with Q4 FY24. Total operating expenditure during the period under review added up to Rs 1,132.98 crore, up 19.9% YoY. EBIDTA improved by 3.3% to Rs 285 crore in the fourth quarter from Rs 276 crore recorded in the same period last year. EBIDTA margin declined by 300 basis points YoY to 20% in Q4 FY25. Profit before tax in Q4 FY25 stood at Rs 298.87 crore, up by 3.2% from Rs 289.73 crore in Q4 FY24. For FY25, the company has registered a consolidated net profit of Rs 777.46 crore (down 18.3% YoY) and net sales of Rs 5,268.67 crore (down 2.5% YoY). The board of Maharashtra Seamless has recommended a dividend of Rs 10 per equity for the financial year 2024-25. Maharashtra Seamless manufactures carbon and alloy steel seamless pipes, ERW (electrical resistance welding) steel and castings pipes. The company also owns a wind power mill. The scrip had advanced 1.79% to end at Rs 705.70 on the BSE today.
Fibre2Fashion
23-05-2025
- Business
- Fibre2Fashion
Indian economy largely resilient, Q4 FY25 GDP may be 6.4-6.5%: SBI
Despite weathering effects precipitated by global upheavals, the Indian economy stays largely resilient, and buoyancy in consumer confidence and investments would need counter-intuitive drivers, according to the latest issue of State Bank of India (SBI) newsletter. Initial SBI estimates show the gross domestic product (GDP) in the fourth quarter (Q4) of fiscal 2024-25 (FY25) could be 6.4-6.5 per cent as the bank's 'nowcasting model' has captured slight moderation in economic activities. Despite weathering effects of global upheavals, the Indian economy stays largely resilient, and buoyancy in consumer confidence and investments would need counter-intuitive drivers, the latest State Bank of India newsletter said. Initial SBI estimates show the GDP in Q4 FY25 could be 6.4-6.5 per cent. Early and better Monsoon forecasts could rejuvenate consumer confidence, investments and demand. 'Assuming there are no major revisions in Q1 to Q3 [FY25] estimates in the upcoming data release by NSO [National Statistics Office], we expect FY25 GDP to stand at 6.3 per cent,' noted the newsletter. Early and better Monsoon forecasts could rejuvenate consumer confidence, investments and demand, as corporate India sees sublime growth in revenue and earnings before interest, taxes, depreciation, and amortisation (EBIDTA). The sharp downward revisions being penciled in global growth forecasts on account of trade upheavals, and policy uncertainties in response seem to have little weathering effects on the domestic growth juggernaut in perpetual motion, the newsletter noted. A slowdown in current household inflation expectations encourages higher discretionary spending and drives demand-led growth, while status quo in consumer confidence suggests that households are uncertain about the global developments and economic prospects. Corporate gross value added of the India corporate sector by initial trend suggests year-on-year moderation in Q4 FY25 to 8.7 per cent, while EBIDTA margin moderated by around 74 basis points. Fibre2Fashion News Desk (DS)
India Gazette
20-05-2025
- Business
- India Gazette
Solar Industries India Limited posted highest ever yearly revenue, profits with orderbook of Rs 17000 crore in FY 2025
New Delhi [India], May 20 (ANI): Solar Industries India Limited (SIIL) posted the highest ever yearly revenue and profits with a significant orderbook of Rs 17,000 crore in the financial year 2025, the company said in a release. Solar Industries India Limited (SIIL) registered highest ever quarterly and yearly sales at Rs 2167 crore and Rs 7540 crore. It also posted highest ever quarterly and yearly EBIDTA at Rs 546 crore and Rs 2031 crore respectively. The company has also posted highest ever defence revenue in the quarter and year at Rs 430 crore and Rs 1355 crore, as per the Solar Industries India Limited. Presenting the Quarterly and yearly results, Manish Nuwal, Managing Director and CEO of Solar Industries, shared delightedly the pivotal year where strategy, scale, and execution converged to deliver highest ever revenue and profits. 'We are happy to report the highest ever sales for the quarterly and yearly at Rs 2167 crore & Rs 7540 crore. We have also achieved the highest ever quarterly EBIDTA & PAT at Rs 546 crore & Rs 371crore registering growth of 47 per cent and 42 per cent yoy and highest ever yearly EBIDTA & PAT at Rs 2031 crore & Rs 1288 crore registering growth of 44 per cent & 47 per cent in the year FY25. We achieved around 27 per cent EBIDTA margin more than our annual guidance'. Manish highlighted 'Solar's international business is gaining good momentum and as a result registered a 18 per cent YOY growth. Solar's ability to expand its global footprint and forging strong relationship with its customers as a trusted partnet underscores company's strength in identifying and capitalizing on global opportunities. ' He further stated that,' The defence sector revenue has increased from Rs 517 crores to Rs 1355 crores showing a growth of 162 per cent. Years of strategic efforts in building state of the art facilities, developing wide range of products and qualifying products across the customers has positioned Solar as a strongdefence player in the global market. This is reflected in the substantial increase in our order book to over Rs 15,000 crores plus, including a landmark order of Rs 6,084 crores for Pinaka rockets and contracts of around Rs 8,500 crores from international markets ' The company's statement added that a historic milestone was the inauguration of a state-of-the-art loitering munition testing range and a 1230 meters UAV runway by Prime Minister Narendra Modi, a testament to Solar's growing capabilities in defence and aerospace. 'Hosting Hon'ble Prime Minister of India was a moment of immense pride, boosting morale of Solar team,' the financial statement. Manish expressed while sharing capex plans 'We are propelling Solar to the next frontier. Further to capex of around Rs 1,200 crore in FY25, a massive plan to do capex of Rs 2,500 crore in FY26 will unlock new opportunities, scaling existing capabilities, upgrading technology, and expanding the product portfolio, including advanced munitions and aerospace solutions. Aligned with India's Atmanirbhar Bharat initiative, Solar signed a Rs 12,700 crores Moll with the Government of Maharashtra to invest in defence and aerospace over the next decade.' Solar enters FY26 on a strong footing, driven by growth of 15-2 per cent from Explosives sector and a robust target to surpass Rs 3,000 crores from Defence. Supported by this momentum, the company is targeting total revenues of Rs 10,000 crores in FY26. With this Defence contribution in total revenue will be crossing 30 per cent from the current share of 18 per cent. The company has proposed a dividend of Rs 10/share for FY25 up from Rs 8.5/share in the previous year, reflecting confidence in its financial health and commitment to shareholders. (ANI)
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Business Standard
16-05-2025
- Business
- Business Standard
Garware Tech Fibres Q4 results: PAT rises 1.4% to ₹71 cr on higher revenue
Technical textiles manufacturer Garware Technical Fibres reported a 1.4 per cent growth in consolidated profit after tax (PAT) to Rs 71.05 crore for the fourth quarter of FY25. The company's PAT stood at Rs 70.07 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing late on Thursday. Its revenue increased 13 per cent during the quarter under review to Rs 432.55 crore compared to Rs 382.27 crore in the same period of FY24. "The fourth quarter of FY25 has shown a sales growth of 13 per cent over the same period of FY24. A significant part of the growth in revenue is led by the Geosynthetics business and Aquaculture in Chile. PBT growth has been impacted significantly due to lower other income," Garware Technical Fibres CMD Vayu Garware said. The geosynthetics business continues its exponential growth in the entire FY25 as well, he said. "Operating EBIDTA for FY25 has shown a 17 per cent growth over FY24. Profit before tax grew by 13.52 per cent in FY25 over FY24, primarily due to reductions in other income. We are happy with the overall performance in FY25 and look forward to a strong FY26," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
09-05-2025
- Business
- Business Standard
Titan shines 5% on Q4 earnings surprise; should you buy, hold or sell?
Share price of Titan Company today Shares of Titan Company rallied 5 per cent to ₹ 3,515.75 on the BSE in Friday's intra-day trade after the company surprised positively by delivering better profitability in jewellery business in March 2025 quarter (Q4FY25) despite inflated gold prices. The stock now trades at its highest level since February 2, 2025. In comparison, the BSE Sensex was down 0.5 per cent at 79,947 at 09:21 am. Titan Q4 results 2025 Titan Company, a jewellery-to-watch conglomerate, reported a better than expected 12.9 per cent year-on-year (YoY) jump in its net profit at ₹ 871 crore for the fourth quarter of fiscal year 2024-25, against net profit of ₹ 771 crore in Q4FY24. Analysts expected net profit of ₹ 830 crore for Q4FY25. Titan's consolidated revenue (excluding bullion sales) grew by 24 per cent YoY to ₹ 13,897 crore. This was driven by 25 per cent growth in standalone jewellery business, 23 per cent growth in the Caratlane business and 20 per cent growth in the watches and wearable business. Gross margins improved by 50 bps YoY to 22.8 per cent. Earnings before interest, taxes, depreciation, and amortization (EBIDTA) margins improved by 77 bps YoY to 10.3 per cent. Analysts expected EBIDTA margins of 9.5-9.9 per cent. Management commentary Despite a steep increase in gold prices, the studded and gold coin segments saw buyer growths. Solitaires likewise witnessed a good rebound on the back of good buyer growth, albeit on the lower carat weights. The high gold prices, however, are continuing to weigh on consumer sentiment in the near term. 'As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers,' the management said. Brokerage view – ICICI Securities Titan's resilient performance was in the backdrop of inflated gold price environment with margin improvement in domestic jewellery and Caratlane business in Q4FY25. The strong growth in the jewellery business was driven by higher ticket sizes while studded growth was lower at 12 per cent. Though gold prices have remained high management has maintained its guidance of 15-20 per cent growth in the jewellery business in the near term. This will be driven by higher demand to value offerings (light weight gold jewellery or lower carat jewellery) in its product portfolio in the inflated gold price scenario, while any correction or stability in the gold prices will lead increase in the footfalls and higher volume growth. Jewellery business EBIT margins to remain at 11-11.5 per cent. Caratlane is also expected to witness consistent growth with improved studded mix. Brokerage view – Motilal Oswal Financial Services With the jewellery industry seeing faster formalization, analysts at Motilal Oswal Financial Services said they continue to believe Titan will keep leveraging the same, driven by store additions, multi-format presence, better designs, customer understanding, and a strong recall of trust. Jewellery EBIT margin has been under pressure, but the beat in Q4 margin renders better margin visibility for FY26. Titan, with its superior competitive positioning (in sourcing, studded ratio, youth-centric focus, and reinvestment strategy), continues to outperform other branded players. The brand recall and business moat are not easily replicable; therefore, Tanishq's competitive edge will remain strong in the category. The store count reached 3,312 as of Mar'25, and the expansion story remains intact. The non-jewelry business is also scaling up well and will contribute to growth in the medium term. The brokerage firm reiterated its BUY rating on Titan with a target price of ₹ 4,000. ALSO READ | About Titan Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and thoughtfully designed Women Bags (IRTH). Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail.
