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Business Standard
23-05-2025
- Business
- Business Standard
Concor shares drop 4% as Q4 profit, revenue slip; earnings breakdown here
Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after the Navratna firm reported a marginal decline in its net profit for the fourth quarter of the previous financial year (Q4FY25). Concor stock fell as much as 4.03 per cent during the day to ₹708.2 per share, the biggest intraday loss since May 8 this year. The stock pared gains to trade 2.7 per cent lower at ₹717.9 apiece, compared to a 0.7 per cent advance in Nifty 50 as of 10:30 AM. Shares of the company snapped a two-day gain on Friday and have fallen over 5 per cent from its recent peak of ₹756, which it hit earlier this month. The counter has fallen 9 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. Concor has a total market capitalisation of ₹43,652.89 crore. Concor Q4FY25 results The company reported a net profit of ₹298.53 crore in the January to March quarter of FY25, as compared to ₹303.29 crore in the same period last year. The decline in the bottom line comes as the revenue from operations fell 1.6 per cent to 2,287.8 crore in the quarter under review. In the first quarter of the previous year, the company reported a revenue of ₹2,325.1 crore. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation declined 10 per cent to ₹526.6 crore in the March quarter. The Ebita margin of Concor dropped to 23 per cent from 25.2 per cent earlier. Also Read Concor dividend and bonus issue The board also has declared a final dividend of ₹2 per equity share of face value of ₹5 each for the year 2024-25. Concor's board approved a bonus issue, offering 1 new share for every 4 shares held by existing shareholders. About Concor Concor, established in 1988 and beginning operations in 1989, is the largest intermodal logistics company in India. As a public sector enterprise under the Ministry of Railways, Concor specialises in the handling and transportation of containers, both by road and rail, and plays a key role in managing ports across the country. The company offers a wide range of services, including warehousing, with its operations involving dry ports, container freight stations (CFSs), and private freight terminals. Concor also supports cold-chain logistics, air cargo, and multimodal transportation, with a focus on door-to-door services for its clients. Operating through two key segments—EXIM (export-import) and Domestic—Concor has built an extensive network of inland container depots (ICDs) and CFSs.
Business of Fashion
15-05-2025
- Business
- Business of Fashion
Alibaba's Growth Fails to Impress in Dour Note for China Tech
Alibaba Group Holding Ltd.'s quarterly revenue grew a disappointing 7 percent, reflecting a persistent Chinese consumer malaise that may dog the online commerce leader's big pivot toward AI. The company reported sales of 236.5 billion yuan ($32.8 billion) for the March quarter, versus an average estimate of 237.9 billion yuan. Net income almost quadrupled, though that was partly because of gains from equity investments. Its shares fell more than 6 percent in pre-market trading. Alibaba, a barometer of the Chinese consumer economy because of its sprawl, posted better-than-expected growth in domestic retail after Beijing issued a plethora of incentives to counter US tariffs. But the overall miss stood out after rivals Tencent Holdings Ltd. and Inc. both reported their fastest top-line expansions in years, stoking hopes of a Chinese tech sector revival after years of stagnation. Alibaba itself had been counting on a bounceback in its online commerce business to support an ambitious post-DeepSeek bet on artificial intelligence. Chief executive officer Eddie Wu and chairman Joseph Tsai — two of co-founder Jack Ma's most trusted lieutenants — took the helm in 2023 and are orchestrating Alibaba's comeback from years of government scrutiny. They've refocussed spending on building AI and e-commerce, while accelerating the unloading of non-core assets to bankroll AI investments and an international expansion. The company has pledged more than 380 billion yuan toward AI infrastructure such as data centres over the next three years. Wu declared in February the company's primary objective is now attaining artificial general intelligence — putting it on par with the likes of OpenAI. Alibaba has been releasing AI products at a frenetic pace since DeepSeek's emergence on the global stage this year. Alibaba said its Qwen 3 flagship model, unveiled just last month, rivals DeepSeek's performance on several fronts. On Wednesday, the company updated its video-generating model for the second time in a month. But it's facing intense competition from Chinese AI rivals including Baidu Inc. and Tencent. Globally, Tsai has warned of an AI bubble, cautioning that data centres are being built in the US without clear customers in mind. What Bloomberg Intelligence Says The continued uplift from narrower local services losses and jump in cloud earnings should have more than offset international digital commerce's shortfalls for a second straight quarter. Profit from Taobao-Tmall group (TTG) probably also rose year-over-year as the firm's push for higher gross merchandise value through the joint utilisation of tools within its ecosystem spurred higher customer management revenue. Yet cost hikes could have surpassed revenue gains to lower TTG's 4Q adjusted Ebita margin from a year earlier. - Catherine Lim and Trini Tan, analysts The e-commerce business is also facing growing competition from ByteDance Ltd. and PDD Holdings Inc. In an effort to fend off and PDD, Alibaba said last week it will partner with the Instagram-like Xiaohongshu for Taobao and Tmall merchants to embed product links on the popular influencer platform. Beyond China, Alibaba's international commerce division grew revenue 22 percent — but that slowed from the previous quarter and also missed analysts' projections. For now, Beijing is helping keep the industry afloat, with incentives to buy everything from appliances to smartphones and cars. In May, policymakers announced a slew of stimulus measures including monetary policy easing. By Claire Che and Luz Ding Learn more: Chinese E-Commerce Giants' Discounting Spree Hits Consumer Brands Chinese e-commerce giants Alibaba and have faced increasing competition in recent years from low-cost platforms, such as PDD Holding's Pinduoduo and ByteDance-owned Douyin.
Straits Times
15-05-2025
- Business
- Straits Times
China's Alibaba misses estimates, souring hopes of consumer revival
Alibaba faces intense competition from AI rivals like Tencent, while its e-commerce business is also challenged by the likes of Bytedance. PHOTO: REUTERS BEIJING – Alibaba Group's quarterly revenue missed projections, reflecting a persistent Chinese consumer downturn as well as intense rivalry in the critical field of AI. Revenue for the three months ended March rose 7 per cent to 236.5 billion yuan (S$42.6 billion), versus an average estimate of 237.9 billion yuan. Net income almost quadrupled to 12.4 billion yuan in part because of gains from equity investments. Its shares fell more than 6 per cent in pre-market trading. Alibaba, a barometer of the Chinese consumer economy because of its sprawl, had benefited from government subsidies intended to shield the world's No. 2 economy from a global trade war. Alibaba had been counting on a bounceback in its online commerce business to support a post-DeepSeek pivot to AI. CEO Eddie Wu and Chairman Joseph Tsai – two of co-founder Jack Ma's most trusted lieutenants – took the helm in 2023 and are orchestrating Alibaba's comeback from years of government scrutiny. They've refocused spending on building AI and e-commerce, while accelerating the unloading of non-core assets to bankroll AI investments and an international expansion. The company has pledged more than 380 billion yuan toward AI infrastructure such as data centres over the next three years. Mr Wu declared in February the company's primary objective is now attaining artificial general intelligence – putting it on par with the likes of OpenAI. Alibaba has been releasing AI products at a frenetic pace since DeepSeek's emergence on the global stage this year. Alibaba said its Qwen 3 flagship model, unveiled just last month, rivals DeepSeek's performance on several fronts. On yMay 14 the company updated its video-generating model for the second time in a month. But it is facing intense competition from Chinese AI rivals including Baidu and Tencent. Globally, Mr Tsai has warned of an AI bubble, cautioning that data centres are being built in the US without clear customers in mind. The continued uplift from narrower local services losses and jump in cloud earnings should have more than offset international digital commerce's shortfalls for a second straight quarter. Profit from Taobao-Tmall group (TTG) probably also rose year-over-year as the firm's push for higher gross merchandise value through the joint utilisation of tools within its ecosystem spurred higher customer management revenue. Yet cost hikes could have surpassed revenue gains to lower TTG's fourth quarter adjusted Ebita margin from a year earlier. The e-commerce business is also facing growing competition from ByteDance and PDD. In an effort to fend off and PDD, Alibaba said last week it will partner with China's Instagram-like Xiaohongshu for Taobao and Tmall merchants to embed product links on the popular influencer platform. For now, Beijing is helping keep the industry afloat, with incentives to buy everything from appliances to smartphones and cars. In May, policymakers announced a slew of stimulus measures including monetary policy easing. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
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Business Standard
14-05-2025
- Business
- Business Standard
KPI Green Energy soars 8% as Q4 profit doubles; stock up 28% in 3 days
Shares of KPI Green Energy extended their three-day rally on Wednesday after its profit more than doubled in the fourth quarter of the previous financial year (Q4FY25). KPI Green Energy's stock rose as much as 7.7 per cent during the day to ₹447.1 per share, taking the three-day rally to over 28 per cent. The stock pared gains to trade 6.5 per cent higher at ₹442 apiece, compared to a 0.56 per cent advance in Nifty 50 as of 10:50 AM. The counter has surged nearly 32 per cent since its recent lows of ₹336, which it hit earlier this month. The stock has fallen 19 per cent this year, compared to a 4.5 per cent gain in the benchmark Nifty 50. KPI Green Energy has a total market capitalisation of ₹8,738.99 crore, according to BSE data. KPI Green Energy Q4FY25 Results analysis The company reported a net profit of ₹99.1 crore in the January to March quarter of FY25, as compared to ₹43 crore in the same period last year, marking a 130 per cent jump. The rise in the bottom line comes as the revenue from operations rose 96 per cent to ₹569.4 crore in the quarter under review. In the first quarter of the previous year, the company reported a revenue of ₹289.3 crore. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation rose 73 per cent to ₹161 crore in the March quarter. The Ebita margin of the International Gemmological Institute contracted to 28.3 per cent from 32.3 per cent earlier. "KPI Green Energy has closed FY25 on a historic note, surpassing all previous annual financial benchmarks. Notably, the PAT for FY25 alone exceeds the total annual revenue of FY22, reflecting the company's exceptional growth trajectory," it said in a statement. Battery energy storage systems, offshore wind projects, green hydrogen projects and advancing in floating solar are the key future growth segments, the company said in the investor presentation. The company also recommended a final dividend of ₹0.20 per equity share of the face value of ₹5 each for the FY25. About KPI Green Energy KPI Green Energy is a multi-dimensional solar energy player with interests in power generation as an Independent Power Producer (IPP), turnkey solutions for Captive Power Producers (CPP) and Operations & Maintenance (O&M) services. ALSO READ:
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Business Standard
07-05-2025
- Automotive
- Business Standard
MRF shares surge 5% after Q4 results; tyre maker's profit rises 31%
The tyre maker's stock rose as much as 4.8 per cent during the day to ₹1,41,500 per share SI Reporter Mumbai Shares of MRF surged nearly 5 per cent after the company reported a 31 per cent year-on-year (Y-o-Y) increase in its profit in the January to March quarter of the previous financial year. The tyre maker's stock rose as much as 4.8 per cent during the day to ₹1,41,500 per share, to the highest level since October last year. The stock pared gains to trade 4 per cent higher at ₹1,40,355 apiece, compared to a 0.15 per cent advance in Nifty 50 as of 2:11 PM. Shares of the company have gained nearly 30 per cent from their recent lows of ₹1,08,001 per share, which it hit early last month. The stock has risen 7.5 per cent this year, compared to a 3.5 per cent fall in the benchmark Nifty 50. MRF has a total market capitalisation of ₹59,669.76 crore, according to BSE data. MRF Q4FY25 analysis The company reported a standalone net profit of ₹498 crore in the January to March quarter of FY25, as compared to ₹379.5 crore in the same period last year. The jump in the bottom line comes as the revenue from operations rose 11.7 per cent to ₹6,944 crore in the quarter under review. The company reported a revenue of ₹6,215 crore in the same period last year. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation rose to ₹1,043 crore in the March quarter. The Ebita margin of the tyre manufacturer expanded to 15 per cent from 14.3 per cent earlier. MRF is India's largest tyre manufacturer and is ranked amongst the top 20 global manufacturers. It is also India's largest original equipment manufacturer (OEM) tyre supplier with a tyre range from two-wheelers to fighter aircraft. The company's manufacturing facilities are located at Trichy, Tiruvottiyur, and Arakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh and the Union Territory of Pondicherry.
