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Zawya
21-05-2025
- Business
- Zawya
Etihad Airways reports record results Of AED 685 mln and highest customer satisfaction scores for Q1 2025
Record Q1 profit of AED 685 million, up 30 per cent year-on-year, driven by strong demand and efficiency gains Customer satisfaction at all-time high, growing 20 per cent year-on-year, driven by enhancements across airport, onboard and digital experience Abu Dhabi – UAE. Etihad Airways has delivered record-breaking financial performance and highest-ever customer satisfaction performance in the first quarter of 2025, building on last year's momentum with further notable improvements across revenue, operational efficiency, and fleet expansion. Profit after tax reached AED 685 million (U.S.$ 187 million), marking a 30 per cent increase year-on-year, driven by robust passenger demand and operational efficiencies. Total revenue saw a 15 per cent rise compared to Q1 2024, supported by both passenger and cargo business. Etihad continues to lead the region in passenger growth, carrying 5.0 million guests in Q1 2025 – a 16 per cent year-on-year increase – and maintaining strong momentum into Q2. With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the region. Customer satisfaction reached a record high in Q1 2025, with scores improving by 20 per cent year-on-year. Gains were recorded across key touchpoints, including check-in, boarding, inflight service, food and beverage, Wi-Fi, and the updated website and mobile app. The quarter also saw the launch of new lounge and inflight menus, alongside upgraded service standards. The fleet continued to expand to support the guest experience. One additional A380 returned to service during the quarter, offering First Apartments and The Residence. In April, Etihad took delivery of another A350-1000, with another Boeing 787 Dreamliner to follow. These new aircraft feature ultra-high-speed Wi-Fi and updated inflight entertainment systems. Etihad also advanced its premium offering, expanding First Class to more routes and preparing new ground and inflight services for rollout from August. In April, the airline introduced its new A321LR cabin, becoming the first in the region to offer First Class on a single-aisle aircraft. The cabin features exclusive private First suites and lie-flat Business seats, bringing widebody comfort to medium-haul routes. The broader First class experience will include a new concierge service, private chauffeur transfers, dedicated check-in, meet-and-assist service, and baggage-free travel options in Abu Dhabi. 'We are proud to deliver a record-breaking quarter – both in profitability and in guest satisfaction,' said Antonoaldo Neves, Chief Executive Officer of Etihad Airways. 'Achieving our highest-ever Q1 profit of AED 685 million and our best-ever customer satisfaction scores reflects the strength of our business and the dedication of our people. 'We're executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests. From continued refinements to our onboard offering to improved airport services and the debut of our A321LR with a market-leading narrowbody product, we're raising the bar in every part of the journey. 'Our network continues to expand with 16 new routes announced for 2025 and additional aircraft joining our fleet. As we grow, we remain disciplined and focused on quality, efficiency, and creating value for our customers and stakeholders.' Passenger revenue grew by 16 per cent reaching AED 5.5 billion (U.S.$ 1.5 billion), driven by increased capacity, continued network expansion and increased flight frequencies. Passenger growth was boosted by a 14 per cent rise year-on-year in Available Seat Kilometres (ASK) and an improved passenger load factor of 87 per cent (+1 pp year-on-year). Fleet expansion accelerated, with 98 aircraft in operation by the end of the quarter, including the reintroduction of Etihad's sixth A380. The operating fleet further grew in the month of April with the delivery of an additional A350-1000. Etihad operated 80 destinations as of March 2025, with 16 new routes launching this year to support continued growth and broaden access to key global markets. Improved cargo yield led to cargo revenue growth of 8 per cent year-on-year, despite a 4 per cent reduction in volumes. The strong operational performance is reflected in the EBITDA, which rose by 32 per cent year-on-year, reaching AED 1.4 billion (U.S.$ 379 million), boosting the EBITDA margin to 21 per cent (+3 pp compared to the same period of 2024). Further strengthening financial resilience, net leverage improved to 1.1x, down from 1.9x in March 2024, driven by scheduled debt repayments and strong cash generation. Cash flow from operations reached AED 1.8 billion (U.S.$ 500 million), reflecting an 11 per cent increase year-on-year. Highlights Profit after tax reached AED 685 million (U.S.$ 187 million), up 30 per cent year-on-year, with profit margin at 10 per cent (+1pp year-on-year) Customer satisfaction improved year-on-year, supported by enhancements to the onboard experience, airport services, and on-time performance Capacity continued to expand with ASK growing by 14 per cent year-on-year due to additional aircraft (+9 year-on-year) and higher aircraft utilisation Carried 5.0 million passengers, a 16 per cent increase year-on-year, with load factor improving to 87%, up 1 pp year-on-year Strong network with 80 destinations operated in March 2025 and 16 new destinations to be launched in 2025 Total Revenue grew 15 per cent year-on-year, reaching AED 6.6 billion (U.S.$ 1.8 billion), driven by both passenger and cargo business Passenger revenue reached AED 5.5 billion (U.S.$ 1.5 billion), supported by increasing volumes Cargo revenue rose 8 per cent year-on-year, despite a 4 per cent drop in volumes, supported by higher yields Strong revenue and cost efficiencies boosted EBITDA by 32 per cent year-on-year to AED 1.4 billion (U.S.$ 379 million), with EBITDA margin at 21 per cent (+3pp year-on-year) Strong cash generation with cash flow from operation at AED 1.8 billion (U.S.$ 500 million), an increase of 11 per cent year-on-year Net leverage at 1.1x (from 1.9x in March 2024), supported by debt repayments and strong cash generation. About Etihad Airways Etihad Airways, the national airline of the UAE, was formed in 2003 and quickly went on to become one of the world's leading airlines. From its home in Abu Dhabi, Etihad flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia, and North America. Together with Etihad's codeshare partners, Etihad's network offers access to hundreds of international destinations. In recent years, Etihad has received numerous awards for its superior service and products, cargo offering, loyalty programme and more. To learn more, visit For further details: Duty Media Officer Etihad Airways Tel: +97150 818 9596 Email: dutymediaofficer@
Yahoo
20-05-2025
- Business
- Yahoo
KPI Green Energy Ltd (BOM:542323) Q4 2025 Earnings Call Highlights: Record Revenue Surge and ...
Q4 Revenue: INR 577.80 crores, up 97% year-on-year from INR 292.97 crores. Q4 EBITDA: INR 169.43 crores, a 76% increase. Q4 Profit Before Tax (PBT): INR 138.70 crores, up 131%. Q4 Profit After Tax (PAT): INR 104.18 crores, a 142% increase. Full Year Revenue: INR 1,755.16 crores, up 70.3% from INR 1,030.82 crores. Full Year EBITDA: INR 580.87 crores, a 69.1% increase. Full Year Profit Before Tax (PBT): INR 440.90 crores, up 103%. Full Year Profit After Tax (PAT): INR 325.28 crores, a 101% increase. Institutional Placement: Raised INR 1,000 crores, including investors like Morgan Stanley and Goldman Sachs. Credit Rating: Upgraded to ICRA A positive. Major Contracts: Secured EPC contracts of 300 MW AC from Coal India Limited and 100 MW AC from MAHAGENCO. Fleet Availability: Improved to 98.5% through advanced network operations. Warning! GuruFocus has detected 6 Warning Signs with BOM:542323. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. KPI Green Energy Ltd (BOM:542323) reported a record revenue of INR577.80 crores for Q4 FY25, marking a 97% year-on-year increase. The company achieved a significant rise in profit after tax (PAT), which climbed 142% to INR104.18 crores. KPI Green Energy Ltd successfully raised INR1,000 crores through qualified institutional placement, enhancing its credit profile. The company secured a landmark EPC contract of 300 megawatts AC from Coal India Limited and 100 megawatts AC from MAHAGENCO. KPI Green Energy Ltd advanced its technology with 24/7 monitoring and predictive maintenance, achieving a fleet availability of 98.5%. The company's EBITDA margin is under pressure due to the mix of IPP and CPP projects, with CPP margins being lower. There is a concern about the declining return on capital employed (ROCE) and return on equity (ROE) due to increased net worth from equity infusion. The company faces challenges in maintaining high margins as it scales its IPP portfolio, which is capital-intensive. There are concerns about the potential impact on EPS if further equity is raised to fund growth. The company has experienced order cancellations, such as the 66-megawatt order from Sai Bandhan, due to customer funding issues. Q: How do you expect the overall margin profile to change as your IPP portfolio scales over 1.5 gigawatts, and how will the shift in business impact consolidated margins in FY26 and '27? A: Salim Yahoo, CFO: As we increase our IPP capacity to 1.5 gigawatts, we aim to have IPP contribute 25% to our portfolio. IPP typically offers higher EBITDA margins of 85% to 90%, compared to CPP's 20% to 22%. This shift will likely improve our consolidated margins, although the exact impact will depend on the balance between IPP and CPP additions. Q: Given the growth via equity liquidation or debt raising, how do you address concerns about declining ROCE and ROE? A: Salim Yahoo, CFO: The decrease in ROCE and ROE is due to increased net worth from QIP, not performance decline. Our business is capital-intensive, requiring significant funds for long-term assets. We have reduced our debt-equity ratio from 0.5 to 0.33, indicating improved financial health. Growth requires capital infusion, particularly in IPP, which drives future profitability. Q: What is the guidance for next year's growth, and how will IPP contributions affect the bottom line? A: Salim Yahoo, CFO: We are committed to 60% to 70% year-on-year growth. The 1.5 gigawatts of IPP capacity will be operational in phases, with full revenue impact expected by FY27-28. As IPP contributions increase, we anticipate stronger EBITDA and PAT margins, maintaining a PAT margin of 17% to 19%. Q: How is KPI Green addressing the competitive intensity in the EPC segment, and what impact does this have on pricing and order acquisition? A: Salim Yahoo, CFO: With a competitor exiting the market, we have a strong order book of 2.2 gigawatts. Our decade-long experience in executing wind and solar projects allows us to bid competitively. We focus on execution capability and competitive pricing to secure new orders, despite ongoing competition. Q: What are the revenue expectations for the 1.76 gigawatts of CPP order book, and how will it be executed? A: Salim Yahoo, CFO: The 1.76 gigawatts CPP order book is expected to generate over INR3,000 crores in revenue. Most of this will be executed within the current year, with some portions extending into the next year. The order book includes projects with varying scopes, impacting revenue realization. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-05-2025
- Business
- Yahoo
Voltas Ltd (BOM:500575) Q4 2025 Earnings Call Highlights: Record Profits and Strategic Growth
Consolidated Total Income (FY25): INR 15,737 crores, up 24% from INR 12,734 crores last year. Profit Before Tax (FY25): INR 1,191 crores, a 1.45% increase from INR 481 crores. Net Profit (FY25): INR 834 crores, up from INR 248 crores, marking the highest ever profit. Earnings Per Share (FY25): 25.43 compared to 7.62 last year. Consolidated Total Income (Q4 FY25): INR 4,847 crores, a 14% increase from INR 4,247 crores. Profit Before Tax (Q4 FY25): INR 343 crores, up 97% from INR 175 crores. Net Profit After Tax (Q4 FY25): INR 236 crores, up from INR 111 crores. Earnings Per Share (Q4 FY25): 7.28 compared to 3.52 last year. Unitary Cooling Products (UCP) Revenue (FY25): INR 10,614 crores, a 30% increase from INR 8,160 crores. UCP Segment Result (FY25): INR 892 crores, a 29% increase from INR 693 crores. Electrical Mechanical Projects and Services Revenue (FY25): INR 4,157 crores, up 13% from INR 3,683 crores. Electrical Mechanical Projects and Services Result (FY25): Positive INR 169 crores, a turnaround from a loss of INR 328 crores. Engineering Products and Services Revenue (FY25): INR 569 crores, down from INR 588 crores. Engineering Products and Services Result (FY25): INR 155 crores, down from INR 206 crores. Voltas Beko Volume Growth (FY25): 57% in washing machines and refrigerators. Market Share (Washing Machines): 8.7% as of February 2025. Market Share (Refrigerators): 5.3% as of February 2025. Warning! GuruFocus has detected 2 Warning Signs with BOM:500575. Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Voltas Ltd (BOM:500575) reported a 24% increase in consolidated total income, reaching INR15,737 crores for the year ended March 31, 2025. The company achieved the highest-ever profit in its history, with net profit rising to INR834 crores, up from INR248 crores in the previous year. Voltas Ltd (BOM:500575) maintained its leadership position in the air conditioner market with a market share of approximately 19%. The company recorded significant growth in the air cooler segment, achieving a 70% increase and establishing itself as one of the top three brands. Voltas Beko, the home appliances brand, saw a remarkable volume growth of 57% in washing machines and refrigerators, with an increase in market share. The commercial refrigeration segment faced challenges due to inventory liquidation and lower customer capital expenditures, impacting margins. The international projects business required provisioning due to delayed payments, affecting financial performance. The textile machinery division experienced underperformance due to geopolitical issues and supply chain disruptions, leading to a revenue decline. Voltas Ltd (BOM:500575) faced challenges in the domestic projects business with collections in certain projects, impacting cash flow. The company reported a custom duty demand of about INR25 crores related to copper imports, which could impact financials if not resolved. Q: What led to the strong UCP margins despite no price hikes and increased raw material costs? A: Pradeep Bakshi, CEO, explained that the strong margins were due to a better product mix, with higher demand for larger capacity air coolers and energy-efficient air conditioners. Additionally, commercial air conditioning revenue and profitability increased, contributing to improved margins. Q: Can you provide details on the provisioning in the international projects business? A: Pradeep Bakshi, CEO, stated that provisions were made for expected credit losses due to delayed payments in GCC countries. The provision amounted to approximately INR 40 crores, and efforts are ongoing to collect the payments. Q: What is the demand outlook for the RAC segment, given the recent weather conditions? A: Pradeep Bakshi, CEO, noted that while the onset of summer was delayed, they expect an extended summer season, which should help recover initial losses. The company remains optimistic about maintaining growth, although specific percentage growth guidance is difficult to provide. Q: How does Voltas plan to address market share fluctuations in the RAC segment? A: Pradeep Bakshi, CEO, emphasized that while market share may fluctuate due to increased competition, Voltas aims to maintain its leadership position with a significant gap between the first and second positions. The focus is on sustaining market leadership rather than regaining previous higher market shares. Q: What is the outlook for the commercial AC and refrigeration segments? A: Pradeep Bakshi, CEO, expressed a positive outlook for both segments, citing resumed capital expenditures and demand for cold chain products. The company expects more than double-digit growth in these segments, driven by new commercial projects and infrastructure developments. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
