Latest news with #KNRadhakrishnan
Time of India
12-05-2025
- Business
- Time of India
Stocks in news: Tata Steel, Swiggy, Dr Reddy's, Cyient DLM, Thermax, Adani Power
Following a period of consolidation, Indian equity benchmarks experienced a sharp correction last week. In today's trade, shares of Tata Steel , Swiggy , Dr Reddy's Cyient DLM, Thermax , Adani Power among others will be in focus due to various news developments and fourth quarter results today. Tata Steel, UPL, SRF Shares of Tata Steel , UPL and SRF will be in focus as the companies will announce their fourth quarter results today. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Modern and Economic Container Houses in the Philippines: 2025 Prices and Models LocalPlan Learn More Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Dr Reddy's Dr Reddy's Laboratories reported a consolidated net profit growth of 22% to Rs 1,594 crore in Q4FY25 versus Rs 1,307 crore reported in the year ago period. Swiggy Food delivery company Swiggy has reported nearly doubling of its losses in the fourth quarter to Rs 1081 crore, compared with Rs 554 crore in the same quarter of last year. Canara Bank Live Events Faced with challenges on deposit growth, state-owned Canara Bank asked each of its 82,000-strong staff to go out to garner funds, and mobilised Rs 16,700 crore in ten weeks. TVS Motor The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said. Adani Power Adani Power said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender process. Raymond Lifestyle Raymond Lifestyle said Sameer Shah resigned as the Chief Financial Officer of the company due to personal reasons with effect from July 31. Thermax Energy and environment solutions provider Thermax reported an 8.1% YoY increase in its fourth quarter net profit at Rs 206 crore, up from Rs 190.33 crore in Q4FY24. Cyient DLM Cyient DLM said Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company with effect from May 8.
Economic Times
12-05-2025
- Business
- Economic Times
Stocks in news: Tata Steel, Swiggy, Dr Reddy's, Cyient DLM, Thermax, Adani Power
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Following a period of consolidation, Indian equity benchmarks experienced a sharp correction last week. In today's trade, shares of Tata Steel Dr Reddy's Cyient DLM, Thermax Adani Power among others will be in focus due to various news developments and fourth quarter results of Tata Steel , UPL and SRF will be in focus as the companies will announce their fourth quarter results today. Dr Reddy's Laboratories reported a consolidated net profit growth of 22% to Rs 1,594 crore in Q4FY25 versus Rs 1,307 crore reported in the year ago delivery company Swiggy has reported nearly doubling of its losses in the fourth quarter to Rs 1081 crore, compared with Rs 554 crore in the same quarter of last with challenges on deposit growth, state-owned Canara Bank asked each of its 82,000-strong staff to go out to garner funds, and mobilised Rs 16,700 crore in ten domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has Power said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender Lifestyle said Sameer Shah resigned as the Chief Financial Officer of the company due to personal reasons with effect from July and environment solutions provider Thermax reported an 8.1% YoY increase in its fourth quarter net profit at Rs 206 crore, up from Rs 190.33 crore in DLM said Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company with effect from May 8.
Time of India
11-05-2025
- Automotive
- Time of India
Two-wheeler sales to sustain growth momentum in FY26: TVS Motor
The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said. Overall, two-wheeler registrations rose 8 per cent to 1,88,77,812 units in FY25 compared to 1,75,27,115 units in 2023-24. "Overall growth momentum in the domestic market, we are expecting, is likely to be like last year," Radhakrishnan told analysts in a call. He noted that the first quarter of the fiscal year could be moderate in terms of sales, but May and June are expected to be robust, with both months having many marriage days. Radhakrishnan stated that the country's GDP is estimated to grow by around 6.5 per cent in FY26. This is primarily driven by the increase in consumption and improvement in the agricultural sector, he stated. Elaborating on the positive factors, Radhakrishnan said the reduction in the benchmark repo rate of 50 basis points in the last three months has translated into lower EMI for consumers. "It is going to help enhance the affordability for two-wheelers across the board. Another major impetus (announced in the Union Budget) is income tax rebate under the new tax regime, which is hiked from ₹7 lakh to ₹12 lakh," he stated. Besides, consistent infrastructure improvement by the government will vitalise the economy and improve the quality of life in the mid- and long-term, Radhakrishnan said. "We are expecting a normal monsoon, which is going to also improve the rural sentiment and economy," he noted. The company also expects a positive sentiment with an uptick in the replacement cycle this year, he added. In FY25, the overall two and and three-wheeler sales of TVS Motor Company grew by 13 per cent to 47.44 lakh units against 41.91 lakh units in 2023-24.
Entrepreneur
05-05-2025
- Automotive
- Entrepreneur
Two-wheeler Industry Likely to Hit Pre-Pandemic High in FY2025- 26
Overall, the two-wheelers with sales of 19.6 million units registered a good growth momentum of 9.1% in FY 2024-25 over FY 2023-24. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The two-wheeler (2W) industry's overall volume in FY2025- 26 is likely to overtake the previous high of 21-24 million units in FY2019 before Covid hit, industry experts said. Besides, the scooter sector is expected to grow by 6-9 per cent by FY2025- 26, driven by double-digit year-on-year growth in the two-wheeler segment. "We expect scooter segment demand momentum to continue, but believe there is a downside risk to domestic motorcycle segment growth assumptions, given its persistent weakness in the 110cc motorcycle segment and an increase in delinquencies for financiers, which may weigh on the growth. The companies highlighted that recovery in the export market continues, led by strong demand trends in LATAM and a recovery in the African market," a report by Kotak Institutional Equities noted. Overall, the two-wheelers with sales of 19.6 million units registered a good growth momentum of 9.1% in FY 2024-25 over FY 2023-24. "For FY2025- 26, lower interest rates on loans translate into reduced EMI for consumers and will enhance the affordability of two-wheelers. The savings from income tax rebates will also positively affect consumer sentiments. Overall growth momentum in the domestic market, we are expecting, is likely to be positive like last year," said KN Radhakrishnan, director and chief executive officer, TVS Motor. "2W retail volumes in April 2025 demonstrated a resilient up-cycle, growing 2.25 per cent YoY and accelerating 11.84% MoM—underscoring a stable demand environment amid mixed headwinds. Dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels, and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. Urban demand remained robust, supported by new-model introductions, although elevated financing costs and OBD2B-linked price adjustments posed isolated bottlenecks," said C S Vigneshwar, president, FADA Improved semi-urban and rural demand and a resurgence in consumer confidence helped the segment to recover in FY2025 and may help it gain pre-pandemic momentum in FY2026. "Growth was largely led by the scooter segment due to improved rural and semi-urban connectivity and availability of newer models with enhanced features," a SIAM report stated. "A normal monsoon, as currently forecasted for 2025, is expected to support broader economic activity, especially in rural and semi-urban regions, which would be a tailwind for auto sector demand in FY2026," the industry body noted. The sector will also benefit from the reforms in the personal income tax announced in the recent Union Budget of 2025-26, which has been followed by two back-to-back rate cuts by the Reserve Bank of India. These measures would help in creating demand by increasing accessibility of vehicle financing, the SIAM report also noted. In FY2025, 2Ws accounted for 75.04 per cent of the auto sector share. "Next fiscal, volume growth of 8-10 per cent will be supported by a 7-8 per cent rise in domestic demand driven by higher rural incomes and increased sales of premium 2W ICE vehicles and e2Ws. Meanwhile, exports should grow relatively faster, at 11-12 per cent, aided by demand from Africa, Latin America, and other emerging markets. Favourable measures in the upcoming Union Budget could further boost this growth," said Anuj Sethi, Senior Director, Crisil Ratings Ltd. Motorcycles account for nearly two-thirds of the Indian 2W internal combustion engine (ICE) market. According to SIAM, registration of e2Ws grew by 21.2 per cent in FY 2024-25 as compared to the previous year, with 11.5 lakh units. The e2Ws segment, comprising mainly scooters, is small at ~5 per cent of overall 2W sales volume, but growing rapidly at ~27 per cent this fiscal. "We expect similar double-digit growth next fiscal as well," Sethi said. Citing recently updated Maharashtra government's EV policy, Dhiraj Agarwal, Chief Business Officer, Mufin Green Finance, said, "Maintaining this increased demand for EVs will require robust financial mechanisms also tailored to fleet operators, logistic providers, and infrastructure developers. Financial institutions focused on sustainability can support this transformation by offering structured financing for EV adoption and supporting investment in associated infrastructure."
Time of India
29-04-2025
- Automotive
- Time of India
TVS Motor strategically times product rollout to match market dynamics
New Delhi: Two- and three-wheeler maker TVS Motor Company is looking to expand its network as some of the company's electric vehicle (EV) products are in the 'final stages' of development even as the launch of these products is strategically timed by the company. 'You will see these products in the coming quarters,' KN Radhakrishnan, CEO of TVS Motor Company said on Monday at the company's Q4 earnings call. "Even if the products are ready, we ensure they enter the market when they can achieve their full potential. Sometimes, it's a strategic decision to delay the launch to align with market added, while reaffirming that TVS continues to invest in both ICE and EV products. 'Brilliant' PLI incentive TVS is among a few automakers to benefit from the government's Production Linked Incentive (PLI) scheme. As a result, the company has seen margin improvement, which was reflected in its Q4 FY25 earnings. 'We look at PLI in totality, which is 0.5 per cent of the total turnover, and it is a brilliant PLI incentive,' the CEO said. The company stated that it has recognised the PLI for the entire financial year 2024-25, based on progress in line with the Ministry of Heavy Industries' SOP on PLI. Its operating EBITDA margin of 14 per cent in Q4 includes the full-year PLI benefit, covering all previous quarters. For Q4 alone, the EBITDA margin stands at 12.5 per cent, compared to 11.3 per cent in Q4 FY24. While the incentives apply to sales of the iQube electric scooter, the CEO did not disclose the percentage of the category of EV currently benefiting from these incentives.'We have to look at the total benefit for the companies accruing. We should not look at which segment and how much,' he said. The government launched the ₹25,938-crore scheme in 2021 to boost domestic manufacturing of Advanced Automotive Technology (AAT) products and attract investments across the automotive value chain. Under the scheme, companies receive incentives based on sales growth compared to a base year, provided they meet specific criteria related to domestic value addition and investment levels. Last year, Tata Motors and Mahindra & Mahindra submitted incentive claims under the PLI scheme, which have since been approved by the government. Going forward, Radhakrishnan expects the PLI benefits to continue. Made in India cells The company has also applied for its new electric three-wheeler, while it is also planning to start manufacturing cells in India. Currently, its majority import includes cells, but plans are in place for domestic production. "Cells will soon be manufactured in India, and we are partnering with several companies in this regard. So, the EV journey is just beginning," he added. TVS reported revenue from EV sales at ₹3,364 crore in FY25, with EV sales rising 44 per cent to 2.79 lakh units, compared to 1.94 lakh units in FY24. In Q4 FY25, its EV revenue stood at ₹889 crore, with sales growing 54 per cent to 76,000 units, up from 49,000 units in the same quarter last year. Growth momentum to continue According to the CEO, the January-March period saw a slowdown in the two-wheeler industry, mainly because last year's Diwali season had exceptional growth, with rural markets outpacing urban ones for the first time. Additionally, retail financing companies may have capitalised on this growth, and there was some tightening of retail finance in the last quarter. However, he is confident that these reflections are becoming much more refined this year. TVS expects the growth momentum in the domestic market for FY26 to mirror last year, despite a potentially moderate first quarter. He sees the scooter segment growing over motorcycles. While April is seeing the base effect from last year, May and June are expected to perform better, aided by a longer marriage season this year, he said. The company believes growth will be driven by factors such as a reduction in the benchmark repo rate, lower EMIs, income tax rebates in the budget, infrastructure improvements, an uptick in the replacement cycle, and expectations of a normal monsoon, all of which are likely to boost consumer sentiment. For FY26, TVS has also allocated a capex of ₹1,800 crore, up from ₹1,100 crore last year. The company reveals that majority of this will be directed towards new product development, technology, R&D, and some capacity enhancements. On CNG-driven vehicles, Radhakrishnan said, "It is a strong option, but it's important to consider when, how, and which models to focus on. We are studying this closely, as it's a critical area of work." Good momentum in exports While TVS acknowledges challenges arising from the current geopolitical situation, it remains optimistic about the strong demand for two-wheelers. TVS exports to the LATAM region have seen strong growth, with high demand across markets like Mexico, Colombia, and Guatemala. However, there have been some challenges in the Middle East. "LATAM performed well last year, but the African markets saw mixed momentum, with growth in key countries slowing due to economic challenges, including higher inflation and currency devaluation. While Sri Lanka has shown signs of recovery, Bangladesh continues to face some challenges,' he the end of the year, TVS owned- British iconic bike maker Norton Motorcycles will begin launching new products in global markets.
