Latest news with #PhillipCapital
Entrepreneur
2 days ago
- Business
- Entrepreneur
Navi Technologies Secures INR 170 Cr in Debt Funding
PhillipCapital contributed INR 120 crore, while NDX Finserve, Aarpee Group, Ambit Finvest, and Grey Grass India Pvt Ltd invested INR 10 crore each. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fintech unicorn Navi Technologies has raised INR 170 crore (approx. USD 20 million) through a debt funding round led by PhillipCapital, with participation from NDX Finserve, Aarpee Group, Ambit Finvest, and others. According to regulatory filings with the Registrar of Companies, Navi Finserve allotted 1,700 non-convertible debentures at a face value of INR 10,00,000 each to secure the funds. PhillipCapital contributed INR 120 crore, while NDX Finserve, Aarpee Group, Ambit Finvest, and Grey Grass India Pvt Ltd invested INR 10 crore each. Additional contributions came from RaviDyewear, Siddharth Colorchem, and Nahar Capital. Founded in 2018 by Sachin Bansal and Ankit Agarwal, Navi operates a technology-led financial services platform offering personal and home loans via Navi Finserv, an RBI-registered non-banking financial company. Its portfolio also includes mutual funds, health insurance, and UPI-based payment services through Navi UPI. Earlier this year, Navi appointed Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv. Bansal transitioned to Executive Chairman of Navi Group, focusing on long-term strategy. For the financial year ending March 2024, Navi reported a 37 percent rise in revenue from operations to INR 2,290 crore, compared to INR 1,667 crore in FY23. Profits surged nearly 17 times to INR 358.5 crore during the same period. As of June 2025, Navi ranked fourth among UPI applications, facilitating 406 million transactions with a total value of INR 21,815 crore, underscoring its growing presence in the digital payments ecosystem.
Economic Times
3 days ago
- Business
- Economic Times
L&T Q1 Results Preview: PAT may jump 23% YoY, up to 17% revenue uptick likely. Order inflows, guidance remain key
Tired of too many ads? Remove Ads Brokerages have estimated L&T's Q1 on the following 5 metrics: 1. Net Profit (PAT) Tired of too many ads? Remove Ads 2. Revenue Tired of too many ads? Remove Ads 4. EBITDA margin 5. Key monitorables Engineering and construction major Larsen & Toubro (L&T) will announce its Q1 earnings on Tuesday where the company is expected to post a double-digit year-on-year growth in net profit and revenue for the June quarter, driven by robust execution in its core infrastructure sequential weakness in execution, margin compression, and a sharp decline in order inflows due to a high base and tender delays are likely to keep sentiment to 23% YoY PAT growth is expected, according to estimates by four brokerages viz. PhillipCapital, Nuvama Institutional Equities, Motilal Oswal Financial Services (MOFSL) and Kotak Institutional 3,421 crore, up 23% YoY and down 33% QoQRs 3,300 crore, up 18% YoY and down 34% QoQ3,400 crore, up 21% YoYRs 3,372 crore, up 21% YoY and down 39% QoQA strong YoY growth is expected on the back of better execution but seasonal softness is likely to impact sequential earnings according to PhillipCapital while Nuvama attributes PAT growth to core execution despite muted warns of sequential volatility due to seasonality and delayed 62,486 crore, up 13% YoY and down 16% QoQ63,102 crore, up 14% YoY and down 15% QoQ61,800 crore, up 12%Rs 64,399 crore, up 16.8% YoY and down 13.4% QoQIn a preview note Nuvama said that the GoI capex, ME hydrocarbons, and infra projects are driving growth, but private capex is still lagging while Motilal Oswal has attributed double-digit YoY revenue growth to 13% YoY growth in core E&C revenues. Kotak expects weakness in domestic execution partially offset by overseas 6,311 crore, up 12% YoY and down 23% QoQ6,499 crore, up 16% YoY and down 21% QoQRs 6,100 croreRs 6,424 crore, up by 14.4% YoY and down 22% QoQKotak suggests that lower margins in hydrocarbon project execution could limit EBITDA upside while PhillipCapital notes lower operating leverage due to weak order inflows.10.1% versus 11% Q4FY25 and 10.2% Q1FY259.9%10%, down 22 bps YoY and down 106 bps QoQMotilal sees core E&C margins at 7.8%, down QoQ due to a high base while Kotak expects core E&C EBITDA margin at 8%, up YoY on favorable mix but warns about hydrocarbon key monitorables are order inflows, execution status of existing projects and expects a 30% YoY decline in Q1 inflows due to a high base and delayed domestic tenders. Kotak too echoes weak order inflows, citing slow project finalization early in the and Motilal will keep their eyes on execution ramp-ups in Saudi and GCC projects. Meanwhile, legacy project closures and progress on Hyderabad Metro refinancing to be Street will be watching the commentary on FY26 plans, working capital cycle trends, margin trajectory, and international bids.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
L&T Q1 Results Preview: PAT may jump 23% YoY, up to 17% revenue uptick likely. Order inflows, guidance remain key
Engineering and construction major Larsen & Toubro (L&T) will announce its Q1 earnings on Tuesday where the company is expected to post a double-digit year-on-year growth in net profit and revenue for the June quarter, driven by robust execution in its core infrastructure business. However, sequential weakness in execution, margin compression, and a sharp decline in order inflows due to a high base and tender delays are likely to keep sentiment cautious. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Product Management Others Technology Digital Marketing Data Science MBA MCA Finance Data Science PGDM Design Thinking Data Analytics Public Policy Management Project Management others Leadership CXO Operations Management Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bollywood 2025 in Focus: The Moments Everyone Shared Learn More Undo Up to 23% YoY PAT growth is expected, according to estimates by four brokerages viz. PhillipCapital, Nuvama Institutional Equities, Motilal Oswal Financial Services (MOFSL) and Kotak Institutional Equities. Brokerages have estimated L&T's Q1 on the following 5 metrics: 1. Net Profit (PAT) – PhillipCapital: Rs 3,421 crore, up 23% YoY and down 33% QoQ Live Events – Nuvama: Rs 3,300 crore, up 18% YoY and down 34% QoQ – Motilal Oswal: 3,400 crore, up 21% YoY – Kotak Equities: Rs 3,372 crore, up 21% YoY and down 39% QoQ A strong YoY growth is expected on the back of better execution but seasonal softness is likely to impact sequential earnings according to PhillipCapital while Nuvama attributes PAT growth to core execution despite muted inflows. Kotak warns of sequential volatility due to seasonality and delayed execution. 2. Revenue – PhillipCapital: Rs 62,486 crore, up 13% YoY and down 16% QoQ – Nuvama: 63,102 crore, up 14% YoY and down 15% QoQ – Motilal Oswal: 61,800 crore, up 12% – Kotak: Rs 64,399 crore, up 16.8% YoY and down 13.4% QoQ In a preview note Nuvama said that the GoI capex, ME hydrocarbons, and infra projects are driving growth, but private capex is still lagging while Motilal Oswal has attributed double-digit YoY revenue growth to 13% YoY growth in core E&C revenues. Kotak expects weakness in domestic execution partially offset by overseas activity. – PhillipCapital: Rs 6,311 crore, up 12% YoY and down 23% QoQ – Nuvama: 6,499 crore, up 16% YoY and down 21% QoQ – Motilal Oswal: Rs 6,100 crore – Kotak: Rs 6,424 crore, up by 14.4% YoY and down 22% QoQ Kotak suggests that lower margins in hydrocarbon project execution could limit EBITDA upside while PhillipCapital notes lower operating leverage due to weak order inflows. 4. EBITDA margin – PhillipCapital: 10.1% versus 11% Q4FY25 and 10.2% Q1FY25 – Motilal Oswal: 9.9% – Kotak: 10%, down 22 bps YoY and down 106 bps QoQ Motilal sees core E&C margins at 7.8%, down QoQ due to a high base while Kotak expects core E&C EBITDA margin at 8%, up YoY on favorable mix but warns about hydrocarbon drag. 5. Key monitorables Among key monitorables are order inflows, execution status of existing projects and guidance. PhillipCapital expects a 30% YoY decline in Q1 inflows due to a high base and delayed domestic tenders. Kotak too echoes weak order inflows, citing slow project finalization early in the year. Nuvama and Motilal will keep their eyes on execution ramp-ups in Saudi and GCC projects. Meanwhile, legacy project closures and progress on Hyderabad Metro refinancing to be tracked. The Street will be watching the commentary on FY26 plans, working capital cycle trends, margin trajectory, and international bids. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
Sachin Bansal's Navi Technologies raises Rs 170 crore via debt round
Synopsis Navi Technologies, led by Flipkart cofounder Sachin Bansal, raised Rs 170 crore via debt funding, with PhillipCapital contributing Rs 120 crore. The fintech firm offers loans, insurance, and UPI services. Navi, once halted by RBI over lending practices, saw strong FY24 results and remains among India's top UPI apps by volume.
Economic Times
7 days ago
- Business
- Economic Times
Cipla Q1 results preview: Muted US sales to hit revenue YoY. 4 things to watch out for
Cipla will announce its June quarter earnings on Friday, July 25. The drug major is expected to report a mixed performance, marked by healthy India sales and headwinds in the US generics business. ADVERTISEMENT While revenue is forecast to grow in the range of 3.6–9% YoY, EBITDA margins are likely to contract due to a lower contribution from the US segment. Analysts also expect flat to modest growth in profit after tax (PAT), with some even projecting a decline. Investor focus will remain on the trajectory of the US business, pricing trends in key products, and recovery in India's trade generics segment. Estimates from PhillipCapital, Nuvama Institutional Equities, Motilal Oswal Financial Services (MOFSL), and JM Financial were considered. Brokerages expect Cipla's net profit to range from Rs 1,140 crore to Rs 1,380 crore, reflecting a YoY change of -3% to +17.2%, depending on the impact of gRevlimid sales and margin dynamics. PhillipCapital: Rs 1,218 crore, up 2% YoY, 5% QoQ Rs 1,218 crore, up 2% YoY, 5% QoQ Nuvama: Core PAT at Rs 1,140 crore, down 3% YoY, 7% QoQ Core PAT at Rs 1,140 crore, down 3% YoY, 7% QoQ Motilal Oswal: Rs 1,209 crore, up 2.6% YoY Rs 1,209 crore, up 2.6% YoY JM Financial: Rs 1,380 crore, up 17.2% YoY, 13% QoQ Sales are projected to grow between 3.6% and 9% YoY, with modest sequential expansion. Strength in the India business is expected to offset subdued performance in the US. ADVERTISEMENT PhillipCapital: Rs 7,323 crore (+9% YoY | +9% QoQ) Rs 7,323 crore (+9% YoY | +9% QoQ) Nuvama: Rs 7,007 crore (+5% YoY | +4% QoQ) Rs 7,007 crore (+5% YoY | +4% QoQ) Motilal Oswal: Rs 6,933 crore (+3.6% YoY) Rs 6,933 crore (+3.6% YoY) JM Financial: Rs 7,049 crore (+6.4% YoY | +6.8% QoQ) Brokerages expect US revenue to decline 12–13% YoY due to lower gRevlimid prices, weighing on margins. In contrast, the domestic formulations segment is projected to grow 8–9% YoY, supporting topline estimates vary, with margins expected to contract YoY by about 100 basis points due to the drop in high-margin US sales. However, sequential improvement is likely. ADVERTISEMENT PhillipCapital: EBITDA at Rs 1,797 crore, up 5% YoY and 17% QoQ; margin at 24.5%, down 110 bps YoY, up 169 bps QoQNuvama: EBITDA at Rs 1,715 crore, up 15% YoY and 12% QoQ; margin at 24.5% EBITDA at Rs 1,797 crore, up 5% YoY and 17% QoQ; margin at 24.5%, down 110 bps YoY, up 169 bps QoQNuvama: EBITDA at Rs 1,715 crore, up 15% YoY and 12% QoQ; margin at 24.5% Motilal Oswal: EBITDA at Rs 1,629 crore, down 5% YoY; margin at 23.5% EBITDA at Rs 1,629 crore, down 5% YoY; margin at 23.5% JM Financial: EBITDA at Rs 1,834 crore, up 6.9% YoY and 19.3% QoQ (Note: EBITDA figure appears same as PAT; may require clarification) Investors should monitor trends in US revenues, margin outlook, and the recovery in trade generics volume. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
