Latest news with #PowerSolutions
Economic Times
2 days ago
- Automotive
- Economic Times
Ashok Leyland Q1 Results: Net profit jumps 13% to Rs 594 crore; revenue up 1.5%
Ashok Leyland on Thursday reported a standalone net profit of Rs 593.73 crore for Q1 FY26, up 13% year-on-year (YoY) from Rs 525.58 crore in the year-ago period. ADVERTISEMENT Standalone revenue from operations for the quarter ended June 2025 stood at Rs 8,724.51 crore, a marginal 1.5% rise YoY compared to Rs 8,598.53 crore in the June 2024 quarter. On a consolidated basis, the Hinduja Group's flagship reported a net profit attributable to owners of the company at Rs 611.07 crore, marking a 20% YoY jump from Rs 509.15 crore in the corresponding quarter last year. The quarter marked Ashok Leyland's highest-ever commercial vehicle volumes at 44,238 units and its highest Q1 revenue at Rs 8,725 crore. The company also posted record EBITDA and profit after tax at Rs 970 crore and Rs 594 crore, respectively, compared with Rs 911 crore and Rs 526 crore a year domestic medium and heavy commercial vehicle (MHCV) industry was largely flat on last year's high base, but Ashok Leyland's MHCV truck volumes (excluding defence) rose 2%, lifting its market share from 28.9% to 30.7% YoY. In buses, the MHCV segment (excluding electric vehicles) expanded 5%, with the company maintaining its leadership commercial vehicle (LCV) volumes for the quarter touched an all-time Q1 high at 15,566 units, while exports surged 29% to 3,011 units. The Power Solutions, Aftermarket, and Defence businesses also contributed strongly to the performance. EBITDA margin improved to 11.1% in Q1 FY26 from 10.6% a year earlier, with the company remaining cash-positive at Rs 821 crore at the quarter's end. ADVERTISEMENT 'Ashok Leyland has delivered a robust Q1 performance, exceeding expectations through effective market execution while maintaining rigorous cost management,' said Dheeraj Hinduja, Chairman. Unlock 500+ Stock Recos on App 'Our electric mobility subsidiary, Switch Mobility, continues to gain traction and has achieved positive EBITDA. We are redoubling our efforts in international markets and the Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry,' he added. ADVERTISEMENT Shenu Agarwal, Managing Director & CEO, said, 'We are happy to report simultaneous increases in market share and operating margins... Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row.'The company said its key goal is to achieve mid-teen EBITDA margins over the medium term while continuing to develop future-ready technologies. ADVERTISEMENT Also read | Paytm shares up 17% so far in 2025. Should you ride the rally or wait for a dip? (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)
Yahoo
26-07-2025
- Business
- Yahoo
Bel Fuse Inc (BELFA) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges
Revenue: $168.3 million, an increase of 26.3% from Q2 2024. Power Solutions and Protection Sales: $86.8 million, up 48.2% year-over-year. Aerospace and Defense Contribution: $32.6 million to the power segment. Consumer Sales Decline: Decreased by $1.7 million due to trade restrictions. E-Mobility Sales Decline: $2.3 million year-over-year decline. Rail End Market Sales Decline: $3.3 million reduction. AI Sales: Increased by $2.3 million, totaling $2.6 million. Circuit Protection Sales Increase: $1.8 million increase. Gross Margin for Power Segment: 41.9%, a decline of 380 basis points from Q2 2024. Connectivity Solutions Sales: $59.2 million, up 2.4% year-over-year. Commercial Air Applications Sales: $20.5 million, a 33% increase. Defense Applications Sales: $13.4 million, a 12% increase. Gross Margin for Connectivity Solutions: 39.2%, an improvement of 30 basis points. Magnetic Solutions Sales: $22.3 million, up 32.5% year-over-year. Gross Margin for Magnetics Group: 28.7%, an improvement of 230 basis points. R&D Expenses: $8.1 million, increased due to acquisition and compensation adjustments. SG&A Expenses: $30.9 million, representing 18.4% of sales, increased by $6.8 million. Cash and Securities: $59.3 million at the end of the quarter. Long-term Debt Repayment: $30 million, reducing annual interest expense by $1.7 million. Capital Expenditures: $3.9 million. Dividend Payments: $800,000. Operating Cash Flow: $20.7 million generated during the quarter. Warning! GuruFocus has detected 11 Warning Signs with BELFA. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Bel Fuse Inc (NASDAQ:BELFA) surpassed revenue expectations for the second quarter of 2025, with sales reaching $168.3 million, a 26.3% increase from the same period in 2024. The company experienced strong performance in its aerospace and defense markets, contributing significantly to the growth in the power segment. Gross margins were at the higher end of the projected range, with the power segment achieving a margin of 41.9%. The magnetic solutions group saw a 32.5% increase in sales compared to the second quarter of 2024, driven by a rebound in demand from networking customers. Bel Fuse Inc (NASDAQ:BELFA) successfully reduced long-term debt by $30 million, resulting in a $1.7 million reduction in annual interest expense. Negative Points Sales in the consumer, rail, and e-mobility markets within the power segment declined year-over-year, with e-mobility sales experiencing a $2.3 million decrease. The gross margin for the power segment declined by 380 basis points from Q2 2024, partly due to non-recurring items reported at 100% gross margin in the previous year. Selling, general, and administrative expenses increased by $6.8 million in the second quarter of 2025, driven by Intercon's expenses and higher medical claims. The company faces ongoing uncertainties related to tariffs, which could impact future sales and margins. Depreciation and amortization expenses nearly doubled year-over-year due to the acquisition of Intercon, impacting overall profitability. Q & A Highlights Q: Can you expand on the trends underpinning your guidance, particularly regarding the rebound in networking and distribution segments? A: Lynn Hutkin, CFO, explained that orders began picking up in Q1 and continued into Q2, driven by a rebound in networking, impacting power and magnetics groups, and distribution channels. This trend is expected to continue into the second half of the year. Q: Are there any strategic growth initiatives or margin enhancement plans for the rest of the year? A: Farouq Tuweiq, CEO, mentioned ongoing strategic initiatives across the organization. The focus is on operational excellence and efficiency. The sale of the Glen Rock facility was part of a strategy to improve margins and operational efficiency. No other facility sales are planned at this time. Q: Can you discuss the improvement in order trends and intra-quarter turns? A: Farouq Tuweiq noted that intra-quarter turns have improved, indicating healthier market conditions. This improvement is particularly evident in shorter lead-time businesses like fuses, suggesting a more functional market environment. Q: What is the status of the paused revenue from China, and how does it impact future quarters? A: Lynn Hutkin stated that about two-thirds of the paused revenue from China was shipped in Q2, with the remainder expected in Q3. The company anticipates sequential growth in the second half of the year, although Q4 growth over Q3 is not yet confirmed. Q: How are you managing market recovery and inventory rebuild expectations amid tariff uncertainties? A: Farouq Tuweiq explained that the industry is emerging from a prolonged trough, with customers being cautious due to geopolitical concerns. The focus is on normalizing inventory levels and ensuring the system functions appropriately, rather than building excessive inventory. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
17-07-2025
- Business
- Yahoo
Jim Cramer Says Power Solutions is an 'Amazing Stock'
Power Solutions International, Inc. (NASDAQ:PSIX) is one of the stocks in Jim Cramer's spotlight. During the lightning round, when a caller mentioned that they have a position in the stock, Cramer commented: 'Then you're a winner. What can I say? That is an amazing stock. It's not even that expensive. Look, I was so busy with Caterpillar. I didn't get to the Power Solutions. You're right. Keep on it. Terrific work, good homework.' A trader on the floor of the stock exchange, capturing the energy that powers the market. Power Solutions (NASDAQ:PSIX) manufactures and sells engines, power systems, and custom energy solutions for applications ranging from vehicles and industrial equipment to backup power and microgrids. The company also provides emission-certified engines, electrification components, and mobile and stationary generators. While we acknowledge the potential of PSIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
This Stock Is Up 950% in a Year and Still Hitting New Highs
Power Solutions International (PSIX) shows strong technical momentum, hitting a new high in morning trading on June 25. The stock has a 100% technical 'Buy' signal via Barchart. Shares are up nearly 950% in the past year. Fundamentals are solid and analyst and investor sentiment is moderately bullish. Valued at $1.48 billion, Power Solutions International (PSIX) is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions. I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. PSIX checks those boxes. Since the Trend Seeker signaled a buy on May 12, the stock has gained 86.64%. Super Micro Computer Just Struck a Deal with Ericsson. Should You Buy SMCI Stock Here? CEO Jensen Huang Just Sold Nvidia Stock. Should You? Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! PSIX Price vs. Daily Moving Averages: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. Power Solutions shares hit a new 52-week high on June 25, touching $67 in morning trading. Power Solutions has a 100% technical 'Buy' signal. The stock recently traded at $67, above its 50-day moving average of $38.01. PSIX has a Weighted Alpha of +497.75. The stock has gained 946% over the past year. PSIX has its Trend Seeker 'Buy' signal intact. Power Solutions is trading above its 20, 50 and 100-day moving averages. The stock has made 14 new highs and gained 67.9% in the last month. Relative Strength Index is at 86.01%. The technical support level is $62.15. $1.48 billion market cap. Trailing price-earnings ratio of 18.3x. Revenue is projected to grow 10.34% this year and another 8.36% next year. Earnings are estimated to increase 7.12% this year and an additional 6.31% next year. I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like not only a Wall Street analyst, but also many of the popular investing advisory services, are moderately bullish on this stock. A single Wall Street analyst tracked by Barchart issued a 'Strong Buy' opinion on the stock. Value Line rates the stock 'Average.' CFRA's MarketScope rates the stock a 'Strong Buy.' MorningStar thinks the stock is 12% undervalued. 14,850 investors monitor the stock on Seeking Alpha, which rates the stock a 'Strong Buy.' Power Solutions currently has momentum and support from both the market and individual investors. I caution that PSIX is volatile and speculative — use strict risk management and stop-loss strategies. Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
