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Business Standard
4 days ago
- Business
- Business Standard
Smallcap stock hits new high in weak market; up 70% from May-month low
Centum Electronics share price today Shares of Centum Electronics moved higher by 14 per cent to hit an all-time high of ₹2,582.40 on the BSE in Tuesday's intra-day trade in an otherwise weak market. The smallcap stock engaged in industrial products business surpassed its previous high of ₹2,446.10 touched on May 23, 2025. The stock has appreciated by 70 per cent from its current month low of ₹1,515.20 touched on May 9, 2025. It has been more-than-doubled or zoomed 126 per cent from its 3-month low of ₹1,140.15 touched on March 4, 2025. At 02:35 PM; Centum Electronics was trading 11 per cent higher at ₹2,510.80, as compared to 1.1 per cent decline in the BSE Sensex. Centum Electronics trades at 123% premium over its QIP price Centum Electronics in March 2025 completed a Qualified Institutional Placement (QIP) raising ₹210 crore. The company issued 1.81 million shares at a price of ₹1,160 each. Currently, the stock trades at a 123 per cent premium over its QIP price. Key investors included HDFC Mutual Fund – HDFC Manufacturing Fund and HDFC Defence Fund acquiring nearly 33 per cent of the shares offered. Subhkam Ventures and 3P India Equity Fund were allotted 29.76 per cent and 28.57 per cent, respectively, of the shares offered. Centum Electronics said the net proceeds will be used for repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by the company, capital expenditure for purchase of new equipment and machinery and general purposes. What's driving the rally in Centum Electronics Centum Electronics on May 13, 2025 said that the company has a role to play in developing systems and subsystems for the Space-Based Surveillance, however there is no information available with the company regarding Government's directive to move up the satellite development schedule from four years to 12-18 months. The company had given clarification on news reports that the government has directed three private firms including Centum Electronics to move up their satellite development schedule from four years to 12-18 months. Strong Q4 results & robust order book For the January to March 2025 quarter (Q4FY25), Centum Electronics reported 24 per cent year-on-year (YoY) and 31 per cent quarter-on-quarter (QoQ) growth in consolidated revenue, driven by strong performance in high-margin Build-to-Spec (BTS) business for domestic Defence and Space customers. Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) margin stood at 11.3 per cent, up 44 bps QoQ and 52 bps YoY, driven by higher billing in the BTS segment. The company reported profit after tax of ₹21.5 crore, against loss of ₹6.9 crore in a year ago quarter and loss of ₹19.3 crore in December 2024 quarter. Total order book at end of Q4FY25 stood at ₹1,736.4 crore. Standalone order book surged to ₹1,329.7 crore (vs ₹1,117.8 crore in FY24), led by strong BTS order inflow. New EMS customers have advanced to the qualification and NPI stage, positioning the business for strong revenue growth in FY26, the company said. About Centum Electronics Centum Electronics is in designing and manufacturing electronic systems and manufactures high-end electronic modules, subsystems and systems used in the aerospace, defence, and industrial electronics sectors. The company has delivered mission-critical electronics on almost all satellite programs of ISRO including the ambitious Chandrayaan and Mangalyaan projects and also delivered 300 to 500 components for almost every Indian space mission. The clientele base consists of reputed defence segment companies such as Space Application Centre, ISRO, DRDO's, ABB, Thales, and RAFAEL among others.
Business Upturn
03-05-2025
- Business
- Business Upturn
SBI Q4 results: Net profit drops 10% YoY to Rs 18,643 crore; NII up 2.6% YoY to Rs 42,775 crore
By Aditya Bhagchandani Published on May 3, 2025, 14:24 IST State Bank of India (SBI) reported a 10% year-on-year (YoY) decline in standalone net profit to Rs 18,642.59 crore for the quarter ended March 31, 2025, compared to Rs 20,698.35 crore in Q4FY24. The drop was primarily due to higher provisioning during the quarter. Net Interest Income (NII) rose slightly by 2.6% YoY to Rs 42,775 crore in Q4FY25, up from Rs 41,655 crore in the same period last year. Operating profit stood at Rs 31,286 crore versus Rs 28,747 crore in the year-ago quarter. However, provisions surged to Rs 6,441 crore, significantly higher than Rs 1,609 crore last year, including Rs 3,964 crore for NPAs. Asset quality improved marginally. Gross NPA ratio declined to 1.82% from 2.24%, while Net NPA fell to 0.47% from 0.57% YoY. Dividend announcement Alongside its Q4 results, the Central Board of the bank declared a dividend of Rs 15.90 per equity share (1590%) for the financial year ended March 31, 2025. The record date for determining eligible shareholders is May 16, 2025, and the dividend payment will be made on May 30, 2025. Fundraising plans SBI has also announced plans to raise equity capital up to Rs 25,000 crore during FY26 via modes such as Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or preferential issue. The capital will be raised in one or more tranches, subject to requisite shareholder and regulatory approvals. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
02-05-2025
- Business
- Mint
Q4 results today: Godrej Properties, IOB, Marico, V Mart Retail, others to declare earnings on May 2
Q4 Results Today; Godrej Properties, Marico Indian Overseas Bank or IOB, V Mart retail are among key companies to watch for as they will be declaring their Q4FY25 results today. As their performance will remain watched for Other prominent will also be declaring their Q4 Results today Other prominent names that will be declaring their Q4 Results today include Archean Chemical Industries, Aether Industries, Ami Organics, City Union Bank, Gravita India, Indian Overseas BanK, Jindal Saw, Latent View Analytics, Newgen Software Technologies, Parag Milk Foods, R R Kabel, Sunteck Realty and Tatva Chintan Pharma Chem. The same need to be watched for as they will be declare their Q4 Results 2025 on Friday, 2 May 2025 Besides Q4 Results 2025, other businesses companies will take along with declare Q4 Results Today. Godrej Properties also to consider raising funs- While the Board of Directors of the Company is scheduled to be held on Friday, May 02, 2025, will consider and approve the Q4FY25 results today and also Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2025, Godrej Properties Board will also consider Raising of funds by issue of Debt securities by way of private placement, up to such limit as maybe deemed appropriate and approved by the Board of Directors, subject to such approval(s) as may be applicable; Indian Overseas Bank to consider Capital plan along with Q4 Results 2025- IOB also has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/05/2025 , to consider and approve Q4FY25 results and for the financial year 2025. There will also be Consideration of Capital Plan of the Bank for the FY 2025-26 IOB said that its Board will consider the Capital Raising Plan of the Bank for FY 2025-26 through issue of Equity Shares by way of Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue/ESPS or any other mode or combination thereof and /or through issue of BASEL III compliant Tier II Bonds or such other securities Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 2 May 2025, 09:14 AM IST
