Latest news with #INR6
Business Insider
2 days ago
- Business
- Business Insider
Alkem Laboratories Ltd. (ALKEM) Receives a Buy from Nomura
Nomura analyst Saion Mukherjee maintained a Buy rating on Alkem Laboratories Ltd. (ALKEM – Research Report) yesterday and set a price target of INR5,430.00. The company's shares closed last Friday at INR5,098.50. Confident Investing Starts Here: Mukherjee covers the Healthcare sector, focusing on stocks such as Alkem Laboratories Ltd., Cipla Ltd, and Fortis Healthcare Ltd.. According to TipRanks, Mukherjee has an average return of 12.5% and a 35.71% success rate on recommended stocks. In addition to Nomura, Alkem Laboratories Ltd. also received a Buy from ICICI Securities's Abdulkader Puranwala in a report issued on May 30. However, on the same day, J.P. Morgan maintained a Hold rating on Alkem Laboratories Ltd. (NSE: ALKEM). The company has a one-year high of INR6,440.00 and a one-year low of INR4,409.90. Currently, Alkem Laboratories Ltd. has an average volume of 2,117.
Business Insider
3 days ago
- Business
- Business Insider
InterGlobe Aviation Ltd (INDIGO) Gets a Buy from UBS
In a report released yesterday, Pramod Kumar from UBS maintained a Buy rating on InterGlobe Aviation Ltd (INDIGO – Research Report), with a price target of INR6,450.00. The company's shares closed yesterday at INR5,330.00. Confident Investing Starts Here: Kumar covers the Consumer Cyclical sector, focusing on stocks such as Mahindra & Mahindra Ltd., Bajaj Auto Limited, and Maruti Suzuki India Limited. According to TipRanks, Kumar has an average return of -11.1% and a 60.00% success rate on recommended stocks. InterGlobe Aviation Ltd has an analyst consensus of Moderate Buy, with a price target consensus of INR5,589.17, representing a 4.86% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a INR6,300.00 price target. The company has a one-year high of INR5,665.65 and a one-year low of INR3,778.50. Currently, InterGlobe Aviation Ltd has an average volume of 35K.
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Reaffirms Their Buy Rating on InterGlobe Aviation Ltd (INDIGO)
Jefferies analyst Prateek Kumar maintained a Buy rating on InterGlobe Aviation Ltd (INDIGO – Research Report) today and set a price target of INR6,300.00. The company's shares closed yesterday at INR5,330.00. Confident Investing Starts Here: According to TipRanks, Kumar is a 3-star analyst with an average return of 3.9% and a 70.00% success rate. Kumar covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd.. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InterGlobe Aviation Ltd with a INR5,589.17 average price target, representing a 4.86% upside. In a report released on May 22, J.P. Morgan also maintained a Buy rating on the stock with a INR5,835.00 price target. The company has a one-year high of INR5,665.65 and a one-year low of INR3,778.50. Currently, InterGlobe Aviation Ltd has an average volume of 35K.
Business Insider
25-05-2025
- Business
- Business Insider
Jefferies Keeps Their Buy Rating on InterGlobe Aviation Ltd (INDIGO)
In a report released on May 23, Prateek Kumar from Jefferies maintained a Buy rating on InterGlobe Aviation Ltd (INDIGO – Research Report), with a price target of INR6,300.00. The company's shares closed last Friday at INR5,510.00. Confident Investing Starts Here: InterGlobe Aviation Ltd has an analyst consensus of Moderate Buy, with a price target consensus of INR5,589.17, which is a 1.44% upside from current levels. In a report released on May 22, J.P. Morgan also maintained a Buy rating on the stock with a INR5,835.00 price target. The company has a one-year high of INR5,665.65 and a one-year low of INR3,778.50. Currently, InterGlobe Aviation Ltd has an average volume of 25.08K.
Yahoo
20-05-2025
- Business
- Yahoo
PPAP Automotive Ltd (BOM:532934) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Standalone Revenue (Q4 FY25): INR142.3 crore, up 7.6% YoY from INR132.2 crore in Q4 FY24. Standalone EBITDA (Q4 FY25): INR15.7 crore, up 26.3% YoY with an EBITDA margin of 11% compared to 9.4% in Q4 FY24. Standalone Profit After Tax (Q4 FY25): INR3.8 crore, compared to a loss of INR6 crore in Q4 FY24. Standalone Revenue (FY25): INR5,537.6 crore, up 6.7% YoY from INR5,033.9 crore in FY24. Standalone EBITDA (FY25): INR60.6 crore, up 38.2% YoY with an EBITDA margin of 11.3% compared to 8.7% in FY24. Standalone Profit After Tax (FY25): INR14.1 crore, compared to a loss of INR4.7 crore in FY24. Consolidated Revenue (Q4 FY25): INR147.2 crore, up 8.5% YoY from INR135.7 crore in Q4 FY24. Consolidated EBITDA (Q4 FY25): INR15.2 crore, up 30% YoY with an EBITDA margin of 10.2% compared to 8.5% in Q4 FY24. Consolidated Profit After Tax (Q4 FY25): INR2.4 crore, compared to a loss of INR8.2 crore in Q4 FY24. Consolidated Revenue (FY25): INR554 crore, up 5.9% YoY from INR522.9 crore in FY24. Consolidated EBITDA (FY25): INR57.2 crore, up 43.9% YoY with an EBITDA margin of 10.3% compared to 7.6% in FY24. Consolidated Profit After Tax (FY25): INR7 crore, compared to a loss of INR13 crore in FY24. Dividend: Final dividend of INR1.5 per share, cumulative dividend of INR2.5 per share for FY25. Warning! GuruFocus has detected 4 Warning Signs with BOM:532934. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. PPAP Automotive Ltd (BOM:532934) secured new orders totaling INR601 crore, including INR208 crore from the EV segment, indicating strong growth potential in both ICE and EV platforms. The company achieved a significant milestone by onboarding Mahindra & Mahindra as a direct customer, expanding its OEM partnerships. The industrial product division demonstrated strong growth, doubling sales compared to the previous year and beginning its entry into the export market. The aftermarket vertical achieved a 16% growth, now accounting for 4% of the group's total revenues, with over 550 new SKUs launched during the year. The commercial tool room business, Meraki Precision Molds, delivered an impressive 75% year-over-year growth, contributing approximately 4% to the overall consolidated revenue. The battery division's capacity utilization stood at a mere 5% for the financial year '25, indicating underperformance in this segment. The company achieved the lower end of its revenue guidance due to delays in the start of production for new models and slower sales growth in the battery division. Despite improvements, the company still faces challenges in achieving its target EBITDA margins, with ongoing efforts needed to improve material yield ratios and manpower efficiency. The automotive industry faced a challenging macro environment with modest growth, impacting overall demand and sales. The company's profitability was impacted by slower-than-anticipated sales growth in the battery division, contributing to a temporary slowdown in overall outlook. Q: What gives PPAP Automotive confidence in achieving the FY26 guidance of 24% pack growth? A: Abishek Jain, CEO, explained that profitability will increase through improved sales and asset utilization across parts, tool, and battery businesses. Enhancements in material yield ratios and manpower efficiency are expected to contribute 2% to 4% to margins. Additionally, increased sales in the battery division could reduce losses, further boosting profitability. Q: Can you provide an update on engagements with Mahindra & Mahindra and Kia? A: Abishek Jain, CEO, confirmed that Mahindra & Mahindra has been onboarded as a direct customer, and the company has increased its contribution with Kia. Both are now considered important strategic customers. Q: Does PPAP Automotive have the capacity to execute its INR2,834 crore order book over the next two to three years? A: Sachin Jain, CFO, stated that the order book is based on model life, which varies from three to seven years depending on the customer. The average model life is about five years, during which the company plans to deliver these orders. Q: How is PPAP Automotive planning to utilize its operating cash flow of INR50 crore? A: Sachin Jain, CFO, mentioned that the company is conservative with capital expenditure, focusing on necessary investments linked to customer requirements. The operating cash flow will primarily be used to reduce debt. Q: What are the growth targets for the aftermarket business, and how does it contribute to overall revenue? A: Abishek Jain, CEO, noted that the aftermarket business contributed 2% to total sales in FY25, with a target to increase to 5% to 6% in FY26. The company is focusing on spare parts, accessories, and consumables, with plans to expand distribution capabilities. Q: What is the current status of price negotiations with Maruti, and how do raw material prices affect margins? A: Sachin Jain, CFO, reported that some price increases have been settled with Maruti, but discussions are ongoing. Abishek Jain, CEO, added that raw material prices are stable or weakening, suggesting that the worst is behind them, improving the margin outlook. Q: What steps are being taken to ramp up capacity utilization in the battery division? A: Abishek Jain, CEO, explained that customer orders are being tested, and audits are complete. The company expects to utilize at least 50% of its battery capacity in FY26, with a break-even point at 50% to 55% utilization. Q: What are the strategic goals for the EV segment, and how does it fit into the overall business strategy? A: Abishek Jain, CEO, stated that while there is no specific target for EV revenue, the company is aggressively pursuing orders from all EV manufacturers in India. The focus is on engine-agnostic products that cater to both EV and non-EV vehicles. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
