Latest news with #HFC
Herald Sun
3 days ago
- Automotive
- Herald Sun
Zero emission trucks fuel PH2 valuation
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Pure Hydrogen's zero-emissions vehicle strategy valued at 28c per share by MST Access, a significant premium to its current share price Company expanding in Australia and overseas through distribution deal with Mexico's GreenH2 LATAM Key catalysts include more vehicle orders, debt funding and the spin-out of its Australian gas assets Special Report: Pure Hydrogen's continued progress in delivering its zero-emission (ZE) vehicle rollout strategy in Australia and the US has fuelled an MST Access valuation of 28c per share, well above the current price of 8.4c. The broker research firm noted that during the third quarter of FY2025, the company recorded $2.2m in customer receipts as vehicle deliveries accelerated. Work is progressing towards vehicle delivery and certification in the US, which has unmet demand stemming from the demise of rivals Hyzon and Nikola. Pure Hydrogen Corporation (ASX:PH2) has also signed an agreement with GreenH2 LATAM as the preferred supplier of hydrogen equipment to two projects in Mexico and Columbia, marking significant progress in its strategy to grow its footprint in the international hydrogen market. Increasing market acceptance is also evident as electric and hydrogen truck trials ramp up with suppliers Scania and Hyundai announcing zero-emission options for Australian logistics fleets such as TOLL. MST adds the key catalysts that could propel PH2's share price towards its valuation include: Announcing more orders for vehicles and services; Establishing debt to fund working capital associated with those orders; and A timetable for and then completion of the spin-out of its gas assets. Taurus prime mover. Pic: Pure Hydrogen Here and now solutions MST notes that PH2 is providing real "here and now" transport solutions for medium to heavy vehicles which help its customers achieve net zero goals based around hydrogen fuel cell vehicles (HFCVs) and their supporting infrastructure as well as niche battery electric vehicle (BEV) solutions. It points out that while BEVs dominate passenger fleets, it has unique challenges for certain heavy vehicle applications. These challenges, which relate to issues such as recharge time, infrastructure and power delivery, can be addressed by HFCVs. Validation for this strategy has been provided by product sales and trials with local councils and major corporations such as Pepsi and JJ Richards. International opportunities are also promising with sales in Asia, distribution MOUs in the US and strong interest in Europe. MST expects that part of the company's Q3 cash inflow reflects upfront deposits from recent orders, including two HFC prime movers for TOLL Transport and one concrete mixer agitator truck for Heidelberg Materials Australia. It adds that final customer payments and associated revenue from the delivery of one HFC garbage truck to Solo Resource Recovery in February, two EV80 buses and single vehicle chargers to VITA in March will be reflected in PH2's H2 FY2025 numbers. Looking further ahead, it expects the company's agreement with GreenH2 LATAM to deliver a $44m order within the next six months – likely in Q1 FY2026 – along with an upfront deposit. MST expects that more than half of this revenue will be recognised in FY2026. It also expects three more vehicles to be delivered between now and June 2025, bringing total vehicle deliveries in FY2025 to five. In Asia-Pacific, the broker forecasts that four trucks and six buses will be delivered in H1 FY2026 with a further 10 trucks and seven buses in H2 FY2026. It adds that while it doesn't assume that any vehicles will be delivered to the US by FY2025 given the current 12-month timeframe between order and delivery, it is forecasting that a garbage truck and a prime mover will be delivered in Q1 FY2026 with a further three months to complete the US regulatory process. 'We expect significant flow of orders from the US following successfully achieving US certification,' MST senior analyst Andrew Johnston added. Watch: PH2 accelerates clean transport drive Other activity During the March 2025 quarter, Turquoise Group – in which PH2 holds a 40% stake – started commercial sales of graphene powder, produced using its methane pyrolysis technology. Since 2023, PH2 has had exclusive rights to acquire hydrogen produced by TG in Australia for 20 years and plans to leverage its technology once proven. The company is also looking to spin-out its Australian gas assets into a new vehicle – Eastern Gas – via an initial public offering to raise $8-10m to develop those assets. This remains subject to ASX and board approval. MST expects that the company will increase its ownership of HDrive International, which develops and builds the zero emissions vehicles, from 70% to 100% at minimal further investment under the current corporate structure and relationship with HDrive. This article was developed in collaboration with Pure Hydrogen, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Growth trajectory of Pure Hydrogen's zero emissions vehicle strategy fuels 28c valuation from MST Access
Business Standard
23-05-2025
- Business
- Business Standard
Grasim Inds gains after Q4 PAT rises 9% YoY
Grasim Industries added 1.49% to Rs 2,715 after the company's consolidated net profit rose 9.20% to Rs 1,495.90 crore in Q4 FY25 as against Rs 1,369.82 crore posted in Q4 FY24. Revenue from operations increased 17.33% YoY to Rs 44,267.26 crore in the fourth quarter of FY25, driven by superior performance in cement, chemicals and financial services businesses. Profit before exceptional items and tax stood at Rs 4,063.33 crore in March 2025 quarter, down 9.66% YoY. The company reported an exceptional loss of Rs 67.32 crore during the quarter. The companys EBITDA in Q4 FY25 was Rs 6,548 crore, registering a growth of 6% from Rs 6,196 crore posted in Q4 FY24. Revenue from the Cellulosic Staple Fibre (CSF) business for the quarter stood at Rs 4,050.93 crore, up 8% YoY, driven by growth in domestic CSF sales volume, although overall volumes remained flat at 207 KT. Cellulosic Fashion Yarn (CFY) volumes grew by 3% YoY; however, realizations continued to be impacted by low-priced dumping from China. Revenue from the chemicals business rose by 10% year-on-year (YoY) to Rs 2,301.51 crore in Q4 FY25. Caustic sales volume recorded moderate growth of 1% YoY, impacted by lower production due to a plant shutdown at Karwar. Specialty chemicals volume grew by 7% YoY; however, lower realizations coupled with higher input costs affected profitability. The building materials business reported revenue of Rs 25,232 crore, up 21% YoY, driven by all-round performance across cement, paints, and B2B e-commerce segments. EBITDA stood at Rs 4,406 crore, up 6% YoY, supported by improved profitability in the cement business. The new businesses remain in the investment phase, with a clear roadmap for profitable growth in the coming years. Consolidated sales volumes of the cement business (UltraTech) grew by 17% YoY to 41.02 million tons (Mt). Ready-mix concrete sales volumes grew by 19% YoY to 3.98 million. The cement businesss expansion program is progressing well, with the current (May-25) total grey cement capacity at 190.16 Mtpa, expected to reach over 215 Mtpa by FY27. The financial services business (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. The Financial Services business, consolidated in accordance with Ind AS, reported revenue of Rs 12,197 crore, up 16% YoY. Aditya Birla Capitals total lending portfolio (including NBFC and HFC) grew by 27% YoY to Rs 1,57,404 crore. Total Assets Under Management (AUM) across AMC, life, and health insurance segments rose by 17% YoY to Rs 5,11,260 crore. The direct-to-consumer (D2C) platform, ABCD, witnessed a strong response, with over 5.5 million customer acquisitions. Revenue from other businesses (textiles, renewables, and insulators) stood at Rs 898 crore, up 14% year-on-year (YoY), while EBITDA rose 33% YoY to Rs 139 crore, primarily driven by the renewables business. The cumulative installed capacity of the Renewables segment reached approximately 1.5 GWp, up 64% from 894 MWp in March 2024. The textiles business reported revenue of Rs 547 crore, up 2% YoY; however, EBITDA was impacted by exceptionally high input prices in the linen segment. On the outlook front, the firm stated, Grasims standalone business is undergoing a strategic transformation, marked by a decisive foray into consumer-facing and digital ventures in decorative paints and B2B e-commerce for construction materials. The rapid scale-up of these verticals signals the emergence of robust new growth engines in a fast-evolving economic landscape. These new high-growth businesses are now well poised to complement Grasims legacy of manufacturing-led growth. With a fortified and future-forward portfolio, Grasim is now uniquely positioned to align with, and actively contribute to, the governments ambitious vision for a Viksit Bharat, a developed India anchored in innovation, infrastructure, and inclusive growth. Capital expenditure for the year on a standalone basis stood at Rs 3,513 crore, of which approximately 65% (around ₹2,300 crore) was allocated to new businesses, primarily paints and B2B e-commerce. Meanwhile, the companys board has recommended a dividend of Rs 10 per equity share for the financial year ended 31st March 2025, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company. Further, the companys board has also approved the appointment of Hemant Kumar Kadel as the chief financial officer (CFO) and key managerial personnel of the company with effect from 16th August 2025. This appointment is consequent to the superannuation of Pavan Kumar Jain in terms of the companys policy. He will be relieved of his current responsibilities as chief financial officer and key managerial personnel of the company from the close of business hours of 15th August 2025. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple Fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan-India locations.
Business Standard
23-05-2025
- Business
- Business Standard
Grasim Inds gains after Q4 PAT rises 9% YoY; recommended dividend of Rs 10/sh
Grasim Industries added 1.49% to Rs 2,715 after the company's consolidated net profit rose 9.20% to Rs 1,495.90 crore in Q4 FY25 as against Rs 1,369.82 crore posted in Q4 FY24. Revenue from operations increased 17.33% YoY to Rs 44,267.26 crore in the fourth quarter of FY25, driven by superior performance in cement, chemicals and financial services businesses. Profit before exceptional items and tax stood at Rs 4,063.33 crore in March 2025 quarter, down 9.66% YoY. The company reported an exceptional loss of Rs 67.32 crore during the quarter. The companys EBITDA in Q4 FY25 was Rs 6,548 crore, registering a growth of 6% from Rs 6,196 crore posted in Q4 FY24. Revenue from the Cellulosic Staple Fibre (CSF) business for the quarter stood at Rs 4,050.93 crore, up 8% YoY, driven by growth in domestic CSF sales volume, although overall volumes remained flat at 207 KT. Cellulosic Fashion Yarn (CFY) volumes grew by 3% YoY; however, realizations continued to be impacted by low-priced dumping from China. Revenue from the chemicals business rose by 10% year-on-year (YoY) to Rs 2,301.51 crore in Q4 FY25. Caustic sales volume recorded moderate growth of 1% YoY, impacted by lower production due to a plant shutdown at Karwar. Specialty chemicals volume grew by 7% YoY; however, lower realizations coupled with higher input costs affected profitability. The building materials business reported revenue of Rs 25,232 crore, up 21% YoY, driven by all-round performance across cement, paints, and B2B e-commerce segments. EBITDA stood at Rs 4,406 crore, up 6% YoY, supported by improved profitability in the cement business. The new businesses remain in the investment phase, with a clear roadmap for profitable growth in the coming years. Consolidated sales volumes of the cement business (UltraTech) grew by 17% YoY to 41.02 million tons (Mt). Ready-mix concrete sales volumes grew by 19% YoY to 3.98 million. The cement businesss expansion program is progressing well, with the current (May-25) total grey cement capacity at 190.16 Mtpa, expected to reach over 215 Mtpa by FY27. The financial services business (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. The Financial Services business, consolidated in accordance with Ind AS, reported revenue of Rs 12,197 crore, up 16% YoY. Aditya Birla Capitals total lending portfolio (including NBFC and HFC) grew by 27% YoY to Rs 1,57,404 crore. Total Assets Under Management (AUM) across AMC, life, and health insurance segments rose by 17% YoY to Rs 5,11,260 crore. The direct-to-consumer (D2C) platform, ABCD, witnessed a strong response, with over 5.5 million customer acquisitions. Revenue from other businesses (textiles, renewables, and insulators) stood at Rs 898 crore, up 14% year-on-year (YoY), while EBITDA rose 33% YoY to Rs 139 crore, primarily driven by the renewables business. The cumulative installed capacity of the Renewables segment reached approximately 1.5 GWp, up 64% from 894 MWp in March 2024. The textiles business reported revenue of Rs 547 crore, up 2% YoY; however, EBITDA was impacted by exceptionally high input prices in the linen segment. On the outlook front, the firm stated, Grasims standalone business is undergoing a strategic transformation, marked by a decisive foray into consumer-facing and digital ventures in decorative paints and B2B e-commerce for construction materials. The rapid scale-up of these verticals signals the emergence of robust new growth engines in a fast-evolving economic landscape. These new high-growth businesses are now well poised to complement Grasims legacy of manufacturing-led growth. With a fortified and future-forward portfolio, Grasim is now uniquely positioned to align with, and actively contribute to, the governments ambitious vision for a Viksit Bharat, a developed India anchored in innovation, infrastructure, and inclusive growth. Capital expenditure for the year on a standalone basis stood at Rs 3,513 crore, of which approximately 65% (around ₹2,300 crore) was allocated to new businesses, primarily paints and B2B e-commerce. Meanwhile, the companys board has recommended a dividend of Rs 10 per equity share for the financial year ended 31st March 2025, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company. Further, the companys board has also approved the appointment of Hemant Kumar Kadel as the chief financial officer (CFO) and key managerial personnel of the company with effect from 16th August 2025. This appointment is consequent to the superannuation of Pavan Kumar Jain in terms of the companys policy. He will be relieved of his current responsibilities as chief financial officer and key managerial personnel of the company from the close of business hours of 15th August 2025. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple Fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan-India locations.
Sydney Morning Herald
21-05-2025
- Sydney Morning Herald
Six exciting advancements coming to a smart home near you
From keeping your family entertained to ensuring everyone is safe and sound, a new wave of technology is set to make Australian homes smarter than ever. Not so long ago, the ability to dim your lounge-room lights without getting off the couch was considered the height of smart-home technology. These days, smart technology is extending to every corner of our homes, working together to create a truly smart home rather than just a collection of smart devices. Keep in mind, many of these new devices and applications tend to be hungry for bandwidth. The average Australian household already downloads seven and a half times more data than it did a decade ago, and this is expected to double again within the next seven years. Uploads are also increasing, predicted to double in the next four years. The desire for speed makes fast and reliable broadband the cornerstone of any Australian smart home. The good news is that nbn is continuing to remove ageing copper wire from its Australia-wide network, offering millions of homes and businesses the opportunity to upgrade to full fibre to their premises. From September, nbn is also accelerating the speeds on its top three residential wholesale speed tiers for homes and businesses with Fibre to the Premises (FTTP) and Hybrid Fibre Coaxial (HFC) connections, without changing the wholesale prices. This means, for example, an nbn 100 plan (Home Fast) will offer five times faster download speeds (500 Mbps) and double the upload speeds (50 Mbps). Fast, efficient broadband means the network can handle not only the 25 connected devices an average broadband home has today, but also the 44 we're expected to have by the end of the decade. Here are six smart home advancements heading your way. 1. Virtual and augmented reality Smart TVs and even smart mirrors are bringing 4K Ultra HD streaming video to every room, but home entertainment is set to become even more immersive thanks to the rise of virtual and augmented reality. A virtual reality headset completely blocks your view of the real world to transport you to another realm, while augmented reality superimposes information over your view of the real world around you — a bit like a fighter pilot's heads-up display.
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
Arkema expands low-GWP forane refrigerant range globally
Arkema will offer a range of lower global warming potential (GWP) refrigerants to the global market, increasing access to next generation refrigerant solutions. The expansion of Arkema's portfolio through a commercial arrangement with Honeywell International Inc. will strengthen global supply chains, address increased demand for HFO blends in the HVACR industry and ensure continued supply, consistent with the HFC phasedown. Arkema will expand its range of low-GWP refrigerants globally under the Forane brand through a commercial deal with Honeywell. These next-gen HFO blends meet HVACR regulations, improve energy efficiency, and support the HFC phasedown. Solutions include R-454B, R-448A, R-449A, R-452A, and R-513A, targeting both comfort cooling and commercial refrigeration. Arkema will sell HFO blends under its Forane brand. These refrigerants – many of which are already preferred by leading equipment manufacturers – meet HVACR industry regulations and improve energy efficiency for businesses and homeowners. The solutions include: Forane 454B (R-454B), which possesses a GWP of 466 and exhibits properties comparable to R-410A. This refrigerant has been specified by several original equipment manufacturers (OEMs) for use in comfort cooling applications. Forane 448A (R-448A) and Forane 449A (R-449A) have been developed as replacements for R-404A, R-507A, R-22 and R-407. They are particularly well-suited for use in low to medium commercial refrigeration applications, including supermarkets, cold storage rooms, walk-in coolers and freezers, refrigerated display cases, and centralized rack systems. Forane 452A (R-452A) is another alternative to R-404A for transport refrigeration. Forane 513A (R-513A) reduces GWP by over 50% compared to R-134A. It's suitable for centrifugal chillers, medium temperature refrigeration, air conditioning and heat pumps. Arkema remains dedicated to delivering innovative, sustainable solutions for the HVACR industry. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
