Latest news with #HuhtamakiIndia
Business Standard
23-04-2025
- Business
- Business Standard
Huhtamaki India jumps after Q1 PAT surges 124% QoQ to Rs 26 cr
Huhtamaki India rallied 4.32% to Rs 207.65 after the company's net profit surged 123.7% to Rs 26.15 crore in Q1 CY25 as against Rs 11.69 crore reported in Q4 CY24. Despite the profit surge, total revenue from operations dipped 1.48% to Rs 609.93 crore in Q1 CY25 from Rs 619.11 crore posted in Q4 CY24. However, on a year-on-year basis, the companys net profit increased marginally by 0.46%, despite a 0.03% drop in total revenue from operations in Q1 CY25 over Q1 CY24. Profit before tax (PBT) in Q1 CY25 stood at Rs 34.72 crore, down 1.03% from Rs 35.08 crore recorded in the year-ago quarter. The company reported EBIT of Rs 37.1 crore during the quarter, representing a decrease of 7% compared to the corresponding period last year. The EBIT margin was at 6.3% in Q1 CY25. Dhananjay Salunkhe, managing director, said, The company had a flat start to the year, with revenue for the quarter remaining relatively flat compared to the corresponding period of the previous year. EBIT is reflecting a decrease of 7% as compared to the corresponding period, though it is improving significantly compared to the trailing quarter. The improvement in margins compared to the trailing quarter is driven by better sales mix and operational efficiencies. The company continues to focus on driving the efficiencies across the manufacturing processes to improve upon the profitability. As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions. Huhtamaki India is India's leading manufacturer and supplier of sustainable, flexible, and innovative solutions in packaging and labeling products. On a full-year basis, the companys standalone net profit declined by 39.5% to Rs 64.73 crore, with a 1.2% fall in revenue from operations to Rs 2,450.53 crore in FY24 compared to FY23.
Business Standard
23-04-2025
- Business
- Business Standard
Huhtamaki India standalone net profit rises 0.46% in the March 2025 quarter
Sales decline 0.10% to Rs 593.04 croreNet profit of Huhtamaki India rose 0.46% to Rs 26.15 crore in the quarter ended March 2025 as against Rs 26.03 crore during the previous quarter ended March 2024. Sales declined 0.10% to Rs 593.04 crore in the quarter ended March 2025 as against Rs 593.65 crore during the previous quarter ended March EndedMar. 2025Mar. 2024% 0 OPM %6.536.91 -PBDT46.7344.60 5 PBT34.0535.08 -3 NP26.1526.03 0 Powered by Capital Market - Live News
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Business Standard
23-04-2025
- Business
- Business Standard
Dividend, Bonus issue: Huhtamaki India, 3 others to go ex-date on April 24
Shares of Colab Platforms, Huhtamaki India, Navkar Urbanstructure, and Sterlite Technologies are expected to remain in the spotlight in today's trading session following their announcement of corporate actions such as dividends, bonus issues, and spin-offs. According to BSE data, these shares will turn ex-date tomorrow, April 24, 2025. Colab Platforms has announced an interim dividend of ₹0.01 per share for its shareholders, while Huhtamaki India has declared a final dividend of ₹2 per share for its shareholders. Notably, each of these companies has set April 24, 2025, as the record date for determining the eligibility of equity shareholders for the respective corporate actions. Navkar Urbanstructure has announced the issuance of fully paid-up bonus equity shares in the ratio of 3:2 (i.e., 3 new fully paid-up equity shares for every 2 existing fully paid-up equity shares held, of ₹2 each). The company has fixed Thursday, April 24, 2025, as the record date for ascertaining the eligibility of shareholders entitled to receive the bonus shares. The company is currently under Enhanced Surveillance Measure (ESM: Stage 1) on the BSE. Meanwhile, Sterlite Technologie s has announced the demerger of its Global Services Business. The services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name 'Invenia.' Sterlite Technologies in an exchange filing has said that the resulting company shall issue and allot 1 fully paid-up equity share of ₹2 each of the resulting company for every 1 fully paid-up equity share of ₹2 each held in the demerged company. The company has fixed Thursday, April 24, 2025, as the record date for determining the equity shareholders of the demerged company entitled to receive the resulting company's equity shares. The term "ex-date" refers to the date when a stock begins trading without entitlement to dividends, bonus shares, or spin-offs, depending on the corporate action. This means that on or after this date, new buyers of the stock will not be eligible to receive these benefits. To qualify, investors must hold the stock before the ex-date. The beneficiaries are determined based on the list of shareholders as of the record date.
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Business Standard
23-04-2025
- Business
- Business Standard
Stock Market LIVE Updates: Sensex climbs 450 pts to 80,050; Nifty tests 23,300; SMIDs, IT, auto gain
Sensex Today | Stock Market LIVE Updates: The broader markets were higher with the Nifty Midcap 100 gaining 0.53 per cent, and the Nifty Smallcap 100 climbing 0.03 per cent 10:06 AM Stock Market LIVE Updates: Waaree Energies jumps 9% in trade; here's why the stock is in demand today Stock Market LIVE Updates: Shares of Waaree Energies surged 8.7 per cent in Wednesday's trading session, reaching an intraday high of ₹2,841 on the BSE, following the release of strong Q4FY25 earnings. As of 9:36 AM, the stock was trading 8.47 per cent higher at ₹2,833.2 per share on the BSE. In comparison, the BSE Sensex had risen 0.67 per cent to 80,127.43. Waaree Energies' market capitalisation stood at ₹81,482.13 crore. The stock's 52-week high was ₹3,740.75 per share, while its 52-week low was ₹1,808.65 per share. READ MORE 10:02 AM Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty trade higher Stock Market LIVE Updates: Indian benchmark equity indices, BSE Sensex and Nifty50 were higher on Wednesday, amid positive global cues. At 10 AM, the BSE Sensex was higher by 535.82 points, or 0.67 per cent, at 80,131.41, and the Nifty50 was at 24,311.50, ahead by 144.25 points, or 0.60 per cent. 9:47 AM Stock Market LIVE Updates: Dividend, Bonus issue: Huhtamaki India, 3 others to turn ex-date tomorrow Stock Market LIVE Updates: Shares of Colab Platforms, Huhtamaki India, Navkar Urbanstructure, and Sterlite Technologies are expected to attract investor attention in today's trading session following recent corporate announcements, including dividends, bonus issues, and spin-offs. According to BSE data, these stocks will turn ex-date tomorrow, April 24, 2025. Colab Platforms has declared an interim dividend of ₹0.01 per share, while Huhtamaki India has announced a final dividend of ₹2 per share. Both companies have set April 24, 2025, as the record date to determine shareholder eligibility for these corporate actions. 9:35 AM Stock Market LIVE Updates: Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$ Stock Market LIVE Updates: The Indian rupee opened lower on Wednesday, reflecting a renewed strength in the dollar index, following a pause in its five-day winning streak despite rising foreign inflows into equities. According to Bloomberg data, the domestic currency commenced trading 8 paise weaker at 85.27 against the U.S. dollar, after closing at 85.19 on Tuesday. Despite this dip, the rupee has appreciated by 0.22 per cent in April and remains on course to record gains for the second consecutive month. READ MORE 9:27 AM Stock Market LIVE Updates: A glance at broader market after market open Stock Market LIVE Updates: BSE Midcap and Smallcap were up 0.80 per cent each after market opened. 9:25 AM Stock Market LIVE Updates: IT stocks among top gainers on Sensex after market opens Stock Market LIVE Updates: HCLTech, Tech Mahindra, Infosys were among the top gainers on Sensex after market opened. 9:24 AM Stock Market LIVE Updates: Nifty Bank hits all time high Stock Market LIVE Updates: Nifty Bank recorded all time high at 56,098.7 in the morning deals. 9:21 AM Stock Market LIVE Updates: Sensex at highest point in 2025 Stock Market LIVE Updates: BSE Sensex rose over 500 points after the market opened and traded above 80,100-level. The index made its day's high at 80,254.55. 9:18 AM Stock Market LIVE Updates: Nifty50 rises over 100 pts, above 24,300 after market opens Stock Market LIVE Updates: NSE Nifty50 rose over 100 points after the market opened, above 24,300-level. 9:10 AM Stock Market LIVE Updates: Technical view Stock Market LIVE Updates: A spinning top candle stick formation hints at reversal attempts. However in the absence of further confirmation signals, such a pattern could at best serve as a pause caused by indecision, followed by extension in uptrend. This brings 24,303-624-857, the December peaks into horizon. On the downside, we will continue to see 24,050 as an important pivot, as maintained yesterday. An outright fall below 23,870 may prompt us to switch sides, aiming 23,600 initially. View by Anand James, chief market strategist, Geojit Investments Limited. 9:09 AM Stock Market LIVE Updates: 'Markets might move into overbought territory soon, inviting some profit booking' Stock Market LIVE Updates: "Terror attacks while succeeding in taking precious human lives cannot succeed in even marginally impacting our economy and markets. Pakistan's political instability and basket case economy cannot do any damage to Indian economy and markets. Markets may send this message today and the fundamental factors are favourable. President Trump's message that he has no intention of firing the Fed chief has calmed the US markets. Trump's remarks on Chinese tariffs indicate that he might reduce the US-China tensions. The sustained buying by FIIs is a strong support to Indian markets. Technically, the market might move into an overbought territory soon inviting some profit booking. Investors should remain invested in high quality largecaps." 9:06 AM Stock Market LIVE Updates: Broader market indices gain in pre-open Stock Market LIVE Updates: BSE Midcap and Smallcap were trading half a per cent higher each in the pre-opening session. 9:04 AM Stock Market LIVE Updates: Nifty gains 180 pts in pre-open, above 24,350 Stock Market LIVE Updates: NSE Nifty50 rose 180 points in the pre-opening session and was trading above 24,350-mark.
