Latest news with #KCP
Business Standard
28-05-2025
- Business
- Business Standard
K C P consolidated net profit declines 32.38% in the March 2025 quarter
Sales rise 1.62% to Rs 634.78 crore Net profit of K C P declined 32.38% to Rs 37.59 crore in the quarter ended March 2025 as against Rs 55.59 crore during the previous quarter ended March 2024. Sales rose 1.62% to Rs 634.78 crore in the quarter ended March 2025 as against Rs 624.69 crore during the previous quarter ended March 2024. For the full year,net profit declined 21.99% to Rs 147.09 crore in the year ended March 2025 as against Rs 188.55 crore during the previous year ended March 2024. Sales declined 11.15% to Rs 2528.94 crore in the year ended March 2025 as against Rs 2846.39 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 634.78624.69 2 2528.942846.39 -11 OPM % 16.1218.22 - 13.1012.44 - PBDT 115.91120.08 -3 360.38382.88 -6 PBT 95.3398.14 -3 275.43293.53 -6 NP 37.5955.59 -32 147.09188.55 -22
Economic Times
23-05-2025
- Business
- Economic Times
Saurabh Mukherjea says his portfolio ready to climb walls of worry, backed by 3 factors
With storm clouds gathering over India's macroeconomic horizon and the tariff wars, star investor Saurabh Mukherjea is standing firm, armed with a concentrated portfolio, valuation discipline, and a pile of dry powder wherever needed. ADVERTISEMENT 'The macro-economic environment is going through a period of weakness,' Mukherjea warned, citing a confluence of domestic and global pressures. 'Rising household debt, weak capex, sluggish job creation, and slowing consumption demand' at home are being compounded by geopolitical uncertainty and tariff wars, which threaten to roil currency markets, inflation, and interest rates. But Mukherjea, who runs Marcellus PMS, believes his flagship Consistent Compounders Portfolio (CCP) is well-positioned to weather the turbulence—and possibly thrive in it. In a recent note to clients, he offered three distinct reasons why. At the heart of his defence strategy is a tightly focused portfolio packed with businesses that march to their own drumbeat, largely insulated from macro shocks.'Our largest allocations include companies whose fundamentals are relatively uncorrelated with the macro factors,' said Mukherjea. One of them: a hospital chain rapidly expanding overseas while optimising efficiency at home. Another: a pharma firm with monopolistic control over global API production for cough syrups and painkillers, and exclusive manufacturing rights for patented big pharma products. ADVERTISEMENT Mukherjea's second pillar is rooted in history. 'During periods when Nifty50's earnings growth is weak, companies with high quality of moats and capital allocation prudence outshine,' he backdrop tells the story. Between FY22 and FY25, the Nifty50 posted a robust 24% EPS CAGR—a tide that lifted all boats, regardless of quality. But Mukherjea insists the next phase will separate the contenders from the pretenders. ADVERTISEMENT ''When the going gets tough, the tough get going' by using their superior competitive advantages to gain market shares,' he said, adding that the CCP portfolio is well-aligned to capture these gains in a more challenging environment. ADVERTISEMENT Perhaps the most striking statistic: the 1-year forward P/E multiple of the CCP portfolio is now at its lowest since inception, following a recalibration of its constituents in 2024.'This puts our portfolio at a 25%-30% discount to its six-year average,' said Mukherjea, positioning it as a compelling value play in an uncertain market. ADVERTISEMENT Mukherjea's financials-focussed Kings of Capital Portfolio (KCP) remains heavily weighted toward private banks and NBFCs, but he has tightened the screws, cutting exposure to names with inconsistent growth or low RoEs.'We still don't find value in capital market-linked stocks and haven't added back any since our exit in late Sep'24,' he said. The combination of slim pickings and a re-rating in quality lenders has left KCP holding about 10% in cash—a strategic war chest amid market Little Champs Portfolio (LCP) and Rising Giants Portfolio (RGP) are also adapting to the new reality—emphasising earnings resilience, valuation discipline, and elevated cash levels.'Good quality stocks do fall during periods of market slowdown,' Mukherjea acknowledged. Cash, he said, will 'give some mitigation against these falls' and allow selective entries into oversold quality names.'This could be both increasing the position in the existing stocks, which see unwarranted correction + getting into coverage stocks, but which we had not invested earlier due to want of a better entry price. We are keeping a close watch on the developments on a continuous basis to see if we need to adjust the cash positions,' the fund manager portfolios have been pruned. In recent months, LCP exited Home First Finance, Everest Industries, and Credit Access Grameen, while adding Abbott India and Indegene. RGP exited the same three plus Astral, Tube Investments, and Poly Medicure, while inducting Control Print and remains vigilant: 'We are keeping a close watch on the developments on a continuous basis to see if we need to adjust the cash positions.' In a market battered by crosswinds, Marcellus' approach is simple but bold: hold only the best, pay the right price, and be ready with cash when opportunity strikes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
11-05-2025
- Hindustan Times
Manipur: 13 militants arrested in last 24 hours in a statewide crackdown
Imphal: At least 13 militants have been arrested in a statewide crackdown in a joint operation by security forces and police in Manipur in the last 24 hours, police said on Sunday. Those arrested are 'active' members of banned insurgent groups and were allegedly involved in extortion activities, an officer said. 'We have been receiving complaints of extortion and illegal activities. To crack down on those armed miscreants or militants, we have been taking necessary measures,' a senior police officer told HT. The police said two active members of the Kangleipak Communist Party – People's War Group [KCP (PWG)] faction — Ningthoujam Kiran Meitei alias Boinao (29) of Lairenkabi Mayai Leikai and Sorokhaibam Inaocha Singh (45) of Salam Mamang Leikai, both residents of Imphal West district — were arrested on Saturday. The duo were allegedly extorting money from government departments, officials, and the public. 'A large cache of items was recovered from their possession, including 75 rounds of assorted ammunition of various calibers such as 5.56 mm, AK, and .303, along with two Baofeng two-way radio sets with chargers, a green bulletproof vest with two iron plates suspected to be improvised armour, a camouflage helmet, mobile handsets, an Aadhaar card, a green backpack, and a four-wheeler vehicle,' an officer said. Abujam Manoj Singh (21), an active member of the KCP (Apunba) faction, was also apprehended on May 10 from Salam Maning Leikai under the jurisdiction of Patsoi police station in Imphal West district. Security forces recovered 46 live rounds of 5.56 mm caliber ammunition and a mobile phone from his possession. In a separate operation, Sogolsem Thoithoi alias Samson (44), an active cadre of the Revolutionary People's Front/People's Liberation Army (RPF/PLA), was arrested from Mayang Langjing Kwaisphai under Lamsang police station. He was reportedly involved in extorting money from government schools and the public in the Imphal area, the officer said. Two active cadres of the People's Revolutionary Party of Kangleipak – Progressive [PREPAK (Pro)] faction were arrested on Saturday. 'Ingudam Ingocha Singh alias Borobi (48) of Seijang Makha Leikai, Imphal East district, accused of transporting logistics, arms, ammunition, and food supplies for the outfit, was held from Chingarel Tejpur under Lamlai police station. Sarangthem Premananda Singh alias Nanao (35) of Kakching Khunou was arrested from Wangoo Chairel Sabam in Kakching district. He is suspected of being involved in extortion activities,' an officer said. An active member of the G5 organisation — one of the five banned underground outfits affiliated with PREPAK --- Salam Kifson Luwang alias Loya (26) was arrested from Wahengbam Leikai Lairembi Maning under Imphal police station. He is suspected of extorting money from the public in the valley region, the officer said. Also Read: Manipur: Forces seize 22 IEDs during counter-insurgency op; 3 militants arrested Meanwhile, four active cadres of the KCP (Meitei Communist Progressive) faction were apprehended from different locations in Imphal West and Kakching districts on Friday. Security forces arrested Hidangmayum Harishankar Sharma alias Ajay (32), Hidangmayum Naoba Sharma alias Nongthang (36), Oinam Jeet Singh alias Sanamani (42), and Laishram Inao Singh alias Loya or Sanjenaha (42), and seized two pistols with magazines, 27 rounds of live ammunition, a three-wheeler and a two-wheeler, along with four mobile phones, wallets, and identity cards during the operation. Two more arrests were made on Friday. Ningombam Jiten Singh alias Bikramjit (45), an active cadre of KCP (PWG) accused of extortion, was arrested from Thoubal Ningombam Utha Leirak. Khangembam Ningthem Meitei alias Tomcha (51), a PREPAK (Pro) member, was arrested from his Ningel Awang Leikai residence under Nongpok Sekmai police station in Thoubal district. He is suspected of extortion, illegal road tax collection, and illegal recruitment in his area, the officer said. The security forces are carrying out extensive intelligence-based combing operations and cordon-and-search drives across the state. The officer added that the state's security forces are committed to combating militant activity and protecting the public from illegal extortion networks.
United News of India
08-05-2025
- United News of India
Two militants nabbed, arms recovered in Manipur
Imphal May 8 (UNI) Manipur Police arrested two militants in two separate incidents during the last 24 hours. Police said on Thursday that a militant was nabbed from Awang Khunou Mayai Leikai under Patsoi-PS, Imphal West District. From his possession. In another operation Manipur Police arrested KCP (PWG), from n Iramsiphai Leirak Ashangba under Wangoi-PS, Imphal West District. Police also recovered a .303 Rifle with magazine, 4 Hand Grenade (without detonators), one) "Pompi Gun" (Improvised Mortar), from Gwarok Hill Range near Bengi village under Nongpok-Sekmai-PS, Thoubal District. UNI NS KK
Time of India
06-05-2025
- Time of India
12 more militants arrested in Manipur, large cache of arms recovered
Imphal: Security forces have arrested 12 more militants, including a woman cadre, of different outfits and recovered a large cache of arms and ammunition in Manipur during the past 24 hours, officials said on Tuesday.A police spokesman said that of the 12 militants apprehended, 11 belong to the Kangleipak Communist Party (KCP) outfit and one to the People's Liberation Army (PLA) militants, including a woman cadre, were arrested from four districts — eight from Imphal East, one from Imphal West, two from Thoubal, and one from Kakching.A large cache of arms and ammunition, including AK series/A1/M4/self-loading rifles, .303 rifles, pistols, camouflage uniforms, mobile phones, various electronic devices, incriminating documents and various other materials were recovered from the extremists were involved in kidnapping, threatening people, various types of crimes, forcible collection of money from government employees, contractors, traders and common security forces, comprising Central and state forces, arrest militants of different outfits almost every police, during the past 24 hours, have recovered six more stolen vehicles in a special drive conducted for the recovery of stolen/snatched vehicles from anti-social elements/ the ethnic violence in Manipur , widespread theft of cars and two-wheelers was reported, and 151 stolen cars and 30 two-wheelers have been recovered since April 16 from different places in the state when a special drive for the recovery of stolen/snatched vehicles was security forces have continued search operations and area domination in the fringe and vulnerable areas of hill and valley districts. Manipur has two National Highways — the Imphal-Jiribam National Highway (NH-37) and the Imphal-Dimapur National Highway (NH-2), both very crucial to bring in foodgrains, various essentials and useful items, medicines, transport fuels, construction materials, machineries, and numerous other commodities from outside the state. To prevent any attack or any untoward incident, the security forces provide escorts to all kinds of vehicles when they move through the National Highways. Agencies
