Latest news with #Opex
Business Standard
11 hours ago
- Business
- Business Standard
STL Networks - Dilip Buildcon consortium bags Rs 2631 cr BharatNet project
Sterlite Technologies, through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon , has entered into an Agreement with Bharat Sanchar Nigam (BSNL) on 11 June 2025. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles - Package 13 (Agreement). The value of the project is Rs 2631.14 crore (inclusive of GST) (Capex - Rs 1620.50 crore, Opex for newly constructed network Rs 972.30 crore and Opex for existing network Rs 38.33 crore). It is to be noted that pursuant to the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai, vide order dated 14 February 2025, STL's Global Services Business has been demerged into STL Networks, effective from the close of business hours on March 31, 2025. Accordingly, the Agreement will be novated in favour of STL Networks upon completion of the necessary formalities.
Yahoo
07-05-2025
- Business
- Yahoo
Fluidra Delivers Strong Start to 2025, with Sales up 7% to €564 Million and Growth Across All Regions
Positive volume, price and M&A contribution Simplification Program continues to drive margin expansion Signed two value-enhancing acquisitions of Aiper and PoolTrackr Confident in delivering full-year guidance despite ongoing geopolitical and macroeconomic uncertainty BARCELONA, Spain, May 07, 2025--(BUSINESS WIRE)--Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €564 million in the first quarter of 2025, up 7% year-on-year with growth across all regions mainly driven by higher volumes together with positive contribution of pricing and prior year acquisitions. Adjusted EBITDA was up 10% year-on-year to €131 million, representing a 23% margin, with consistent gross margin improvement due to the Simplification Program partially offset by higher Opex. Net income of €48 million was up 29% year-on-year. Fluidra continues to deleverage and, at the end of March, the ratio of net debt to Adjusted EBITDA was down 0.3x versus same time last year on similar net debt levels. In the first three months of 2025, sales were up across all regions on constant currency and perimeter, with North America growing 7% and Europe increasing around 3%. Sales in the Rest of the World grew by 3%. Fluidra's Simplification Program continues to deliver, with €75 million cumulative savings to date, including a contribution of €7 million in Q1 2025. The program remains on track to achieve the €100 million savings target by year-end, supported by global procurement efficiencies and value engineering initiatives. Strategic acquisitions reinforce digital and product leadership In April, Fluidra announced the acquisition of a 27% stake in Aiper, a fast-growing, innovative leader in cordless robotic pool cleaners. This move enhances Fluidra's product portfolio and establishes a presence in the direct-to-consumer channel. Fluidra also acquired Pooltrackr in May, an Australia-based SaaS platform for pool professionals. The platform will be rolled out globally, accelerating the company's digital transformation and reinforcing its leadership in connectivity and customer experience. Eloi Planes, Fluidra's Executive Chairman, said: "Following a strong first quarter, we are maintaining our 2025 guidance as we move into the key months of the pool season. We continue to focus on what's within our control and are closely monitoring developments. While macroeconomic and geopolitical uncertainty remains, we are confident in our ability to deliver, supported by our action plan in place to fully offset the impact of tariffs.
Business Wire
07-05-2025
- Business
- Business Wire
Fluidra Delivers Strong Start to 2025, with Sales up 7% to €564 Million and Growth Across All Regions
BARCELONA, Spain--(BUSINESS WIRE)--Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, achieved sales of €564 million in the first quarter of 2025, up 7% year-on-year with growth across all regions mainly driven by higher volumes together with positive contribution of pricing and prior year acquisitions. Adjusted EBITDA was up 10% year-on-year to €131 million, representing a 23% margin, with consistent gross margin improvement due to the Simplification Program partially offset by higher Opex. Net income of €48 million was up 29% year-on-year. Fluidra continues to deleverage and, at the end of March, the ratio of net debt to Adjusted EBITDA was down 0.3x versus same time last year on similar net debt levels. In the first three months of 2025, sales were up across all regions on constant currency and perimeter, with North America growing 7% and Europe increasing around 3%. Sales in the Rest of the World grew by 3%. Fluidra's Simplification Program continues to deliver, with €75 million cumulative savings to date, including a contribution of €7 million in Q1 2025. The program remains on track to achieve the €100 million savings target by year-end, supported by global procurement efficiencies and value engineering initiatives. Strategic acquisitions reinforce digital and product leadership In April, Fluidra announced the acquisition of a 27% stake in Aiper, a fast-growing, innovative leader in cordless robotic pool cleaners. This move enhances Fluidra's product portfolio and establishes a presence in the direct-to-consumer channel. Fluidra also acquired Pooltrackr in May, an Australia-based SaaS platform for pool professionals. The platform will be rolled out globally, accelerating the company's digital transformation and reinforcing its leadership in connectivity and customer experience. Eloi Planes, Fluidra's Executive Chairman, said: 'Following a strong first quarter, we are maintaining our 2025 guidance as we move into the key months of the pool season. We continue to focus on what's within our control and are closely monitoring developments. While macroeconomic and geopolitical uncertainty remains, we are confident in our ability to deliver, supported by our action plan in place to fully offset the impact of tariffs. We are the leader in an attractive sector with long-term structural growth and have worked to position the business for growth and transformation. I am proud of our teams for creating long-term value while taking action today.' Alternative performance measures (APMs) Fluidra's financial statements are prepared according to IFRS and other applicable regulation. The financial information in this document also includes Alternative Performance Measures ('APMs'). For further details, please visit the following link. About Fluidra Fluidra S.A. (FDR:SM) is the global leader in pool and wellness equipment and connected solutions. It is included in the Ibex 35, the benchmark index of the Spanish stock market, and in the FTSE4Good Index Series, the benchmark sustainability index. Fluidra provides an extensive offer of innovative and connected products and services, operating in more than 47 countries. The company has a portfolio of some of the most recognized brands in the industry, including Jandy®, AstralPool®, Polaris®, Cepex®, Zodiac®, CTX Professional® and Gre®.
Mint
02-05-2025
- Business
- Mint
Federal Bank share price falls 4% after Q4 results 2025. Buy or sell on rise?
Federal Bank share price declined over 4% on Friday after the private sector lender announced its Q4 results. Federal Bank shares fell as much as 4.32% to ₹ 188.10 apiece on the BSE. Federal Bank reported a net profit growth of 13.7% at ₹ 1,030.2 crore in the fourth quarter of FY25, compared to ₹ 906.3 crore in the year-ago quarter. The bank's net interest income (NII) in Q4FY25 increased 8.3% year-on-year (YoY) to ₹ 2,377.4 crore, while net interest margin (NIM) improved to 3.12%. Asset quality improved sequentially during the March 2025 quarter, and as slippages were at ~90 bps. Loan growth was at 2% QoQ and 12% YoY, but mid-yield loans grew faster at 19% YoY. Deposit growth accelerated to 7% QoQ and 12% YoY. Federal Bank's Q4FY25 PAT beat consensus by 6% due to lower credit cost and higher two recovery, but NII, down 2% QoQ, missed consensus by 4%. The decline in NII was driven by a lower LDR and a small uptick in CoF. Opex increased sharply, up 8% QoQ, owing to a large portion of branch expansion for the year happening in Q4, Nuvama Institutional Equities said in a note. According to the brokerage firm, Federal Bank is the safest mid-sized bank with potential to deliver strong growth. The bank has already started delivering on its defined strategy with CA acquisition up 50% over H1FY25, an uptick in self-funding and 19% YoY growth in mid-yield loans. Nuvama Equities maintained a 'Buy' rating and raised Federal Bank share price target to ₹ 230 apiece from ₹ 215 earlier. Kotak Institutional Equities maintained a 'Buy' call on Federal Bank shares with an unchanged target price of ₹ 225 per share, valuing the bank at ~1.4X book and 12X March FY2027 EPS for RoEs at 13%. 'Our assumptions do not build the NIM RoA expansion within the timelines that management is looking to aspire to. This implies that earnings have an adequate margin of comfort. A re-rating of Federal Bank is still some time away, as we need to have greater confidence in the path of RoA improvement. Near-term triggers are not many, as focus areas are driven largely by NIM expansion,' said the brokerage firm. According to Kotak Equities, valuations of Federal Bank shares are not too demanding either, and hence, the downside to any disappointment in any quarter is likely to be fairly negligible. At 12:45 PM, Federal Bank shares were trading 3.89% lower at ₹ 188.95 apiece on the BSE. 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 making any investment decisions. First Published: 2 May 2025, 12:47 PM IST
Korea Herald
24-04-2025
- Automotive
- Korea Herald
Hyundai Motor posts record Q1 sales, profit despite US tariff woes
Korean automaker launches US trade policy task force, accelerates local parts sourcing efforts Hyundai Motor Company achieved record-breaking sales and profit for the first quarter amid the deepening concerns over the 25 percent tariffs on automobiles and car parts imposed by Donald Trump. According to the carmaker's earnings report on Thursday, its sales revenue increased 9.2 percent to 44.4 trillion won ($31.1 billion), while its operating profit climbed 2.1 percent to 3.6 trillion won from January to March compared to last year. Its operating profit margin hit 8.2 percent. Hyundai Motor's first-quarter revenue and profit surpassed the market estimates by 2.2 percent and 2.6 percent, respectively. 'Despite increased industry average incentives in Europe and North America, as well as investments in new models and research and development, Hyundai achieved record-high first-quarter results,' said Lee Seung-jo, head of the finance and planning division of Hyundai Motor Group, during a conference call. 'This was driven by the highest-ever sales of hybrid vehicles, strong performance in the North American market and favorable won-dollar exchange rate.' The company sold 1 million vehicles worldwide, a 0.6 percent decrease from the previous year, with sales outside Korea declining 1.4 percent to 834,760 units, impacted by unfavorable global market conditions. However, the North American market showed robust sales of 560,000 units. Global sales of eco-friendly vehicles surged by 38.4 percent compared to last year, reaching a total of 212,426 units, with electric vehicles and hybrids representing 64,091 units and 137,075 units, respectively. Although the US' 25 percent levies on vehicles and auto parts, which took effect on April 3, have not directly impacted the first quarter earnings, Hyundai Motor pledged to minimize tariff impacts. 'We have established a task force to address US tariff challenges (in mid-April) to optimize our profitability-based operational hubs and actively pursue Capex (Capital Expenditure) and Opex (Operating Expenditure) contingency plans,' said Lee. 'The company is also enhancing production efficiency at our Alabama plant and Hyundai Motor Group Metaplant America in Georgia to reduce costs.' Hyundai Motor also stressed that it focuses on localizing parts sourcing in the US and is actively vetting new parts suppliers in the region. It identifies fast-track items to accelerate the tariff reduction effect and optimize logistics solutions. The carmaker will keep the current retail vehicle prices in the US until June 2 by selling off its inventory, after which prices will be determined by market demand. Although the auto manufacturer committed a $21 billion investment in the US — including $8.6 billion in automotive manufacturing, $6.1 billion in parts, logistics and steel, and $6.3 billion in future industries and energy sectors — 25 percent reciprocal tariffs on imported vehicles and parts was introduced as planned. In addition, Hyundai Motor plans to actively promote sales of new models such as the All-New Palisade, the All-New Nexo and the New Ioniq 6 while strategically implementing enhanced localization strategies for each market. Hyundai is also committed to maintaining growth momentum by driving innovations and strengthening competitiveness in response to complex business risk factors. Based on these strategies, the carmaker aims to maintain its annual guidance of 3-4 percent revenue growth and 7-8 percent operating profit growth as announced in January.
