Latest news with #QoQ
Mint
19-05-2025
- Automotive
- Mint
Hyundai Motor looks to accelerate speed with EV, hybrid car
Hyundai Motor India Ltd has been hit hard by the waning popularity of hatchback cars in India. Its domestic sales volume fell by 4% year-on-year in the March quarter (Q4FY25) led by a steep 18% drop in hatchback volumes. Export volumes saved the day, clocking 14% growth, keeping the company's total volume largely stable at 191,650 units. Average sales realization (blended for domestic and exports) increased 4.8% quarter-on-quarter to ₹8,94,792 per car. Year-on-year comparison showed the sales mix shifting in favour of a higher-priced SUV that benefits overall realization. So, it is better to look at the QoQ trend as the sales mix remained largely unchanged. Price hikes and lower discounts lifted realization. Consequently, Q4FY25 Ebitda margin rose QoQ by 271 basis points to 14.2% even though it was flattish year-on-year. For FY26, the management expects low single-digit sales growth in the domestic market with export growth pegged at 7-8%. Hyundai aims to maintain a double-digit Ebitda margin in FY26. There could be some pressure on the net profit as depreciation from the commissioning of the Pune plant acquired from General Motors starts reflecting in accounts. Focus on portfolio Hyundai has chalked out separate strategies for expanding product portfolio in the short-term and long-term. Currently, it is not present in the hybrid car segment and plans to launch a model by September. Maruti Suzuki India Ltd and Toyota have hybrid car models of Grand Vitara and Hyrider respectively that use petrol engine and electric motor, and offer flexibility to use either mode. Hybrid vehicles help address the needs of buyers worried about the widespread availability of electric vehicle (EV) charging infrastructure with faster charging speed. Hyundai hybrid car could be manufactured at the Pune plant, which is likely to start operations in H2FY26. The plant's initial capacity is 170,000 vehicles, and is likely to be raised to 2,50,000 units by 2028. Also read | 'India to have 123 million EVs on the road by 2032 under best-case scenario' Creta EV shines Hyundai Creta EV, launched in Q4FY25, has been received well by consumers with most bookings for the long-range variant. According to the management, the EV is profitable for Hyundai if the launch-related marketing expenses and test drive discounts are ignored. It is focusing on localization strategy for battery cells in future to further boost the profitability of the model. Investors will closely track if Creta EV and the launch of hybrid car help Hyundai regain lost market share. Note that Hyundai's market share based on wholesale volumes fell to 13.9% in FY25 from 14.6% a year ago. In the long term, Hyundai has ambitious plans to expand its product portfolio by launching 26 new models by FY30, including 20 internal combustion engine vehicles and six EVs. The company is the export hub for emerging markets in Latin America and Africa. But the management is also open to exploring export opportunities in advanced countries such as Australia. Export sales volume is expected to increase to 30% of total sales in the long term from 21% at FY25-end, but this would also depend on how domestic sales evolve. If Hyundai's valuation is compared with larger peer Maruti, based on Bloomberg consensus estimates for FY26, it throws some interesting data. Both quote at a price-to-earnings multiple of about 25x, but Hyundai is cheaper on an EV/Ebitda basis at 15x versus 19x for Maruti. What gives? Maruti's other income is far higher, whereas its depreciation cost as a percentage of Ebitda is lower. Both these factors have a positive influence on its net profit. Hence, the right metric for valuing the core performance of both companies is EV/Ebitda. Also read | EVs hit with falling resale value as consumer demand cools
Time of India
05-05-2025
- Business
- Time of India
I-Sec maintains Buy call on Vishal Mega Mart, target price Rs 140
ICICI Securities has a Buy call on Vishal Mega Mart with a target price of Rs 140. The current market price of Vishal Mega Mart is Rs 118.85. Financials by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo Vishal Mega Mart delivered a strong Q4FY25 performance despite a challenging demand environment, with revenue/ EBITDA/ PAT growth of 23%/ 43%/ 88% exceeding our expectations. The performance was driven by double-digit SSSG (13.4% YoY) and an addition of 28 stores QoQ (85 stores in FY25). For FY25, revenue/ EBITDA/ PAT grew 20%/ 23%/ 37% with SSSG of 11.8%. Adj. EBITDA margin (pre-INDAS and ESOP) expanded 240bps YoY to 8.2% and reported EBITDA margin was at 14% (up 190 bps YoY; ~70bps impact due to ESOPs). ICICI Securities expects Vishal mega Mart to maintain its strong momentum, supported by aggressive store expansion and a focus on value-driven pricing. 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 default , selected 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. Investment Rationale The key drivers are Vishal Mega Mart's high share of private label products (~73% of sales), lean cost structure, efficient supply chain, and a highly loyal customer base (contributing ~95% of revenue). ICICI Securities retains its positive outlook and maintains a BUY rating, as the company remains well positioned for sustained and profitable growth. Live Events The brokerage maintains its earnings estimates for FY26E/FY27E, modelling revenue/ EBITDA/PAT CAGR of 18%/19%/26% over FY25-27E. They maintain a BUY with a DCF-based unchanged target price of Rs 140. The key risks are slower-than-expected store addition and SSSG, exit of key managerial personnel and customer shifting towards convenience (quick commerce). Promoter/FII Holdings Promoters held 74.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.03 per cent, DIIs 12.18 per cent.
Business Upturn
25-04-2025
- Business
- Business Upturn
L&T Technology Services share price fall 5% despite strong revenue growth in Q4 – Should you buy, sell or hold?
By Aditya Bhagchandani Published on April 25, 2025, 09:32 IST Shares of L&T Technology Services (LTTS) plunged nearly 5% to ₹4,255.10 on Thursday despite posting double-digit revenue growth in Q4FY25, as profit declined due to the impact of its recent acquisition. The company reported a consolidated revenue of ₹2,982.4 crore for the quarter ended March 31, 2025, marking a 12.4% quarter-on-quarter increase. However, net profit fell 3.5% sequentially to ₹311.1 crore, mainly due to lower operating margins and costs related to the Intelliswift acquisition. Operating margins shrank to 13.2% from 15.9% in the previous quarter. Amit Chadha, CEO and MD of LTTS, said, 'We continued our industry-leading QoQ growth momentum with a third straight quarter of sequential growth of 10.7% and delivered 8.9% revenue growth in constant currency in FY25 despite a challenging environment.' LTTS announced record deal bookings in the March quarter, including one $80 million deal, one $50 million deal, a $30 million deal, a $20 million deal, and three $10 million deals. Despite this strong deal pipeline, Citi retained its 'Sell' rating on the stock with a revised target price of ₹3,800, down from its previous target of ₹4,105, reflecting concerns around margin pressure and integration-related risks. Meanwhile, LTTS shares were trading at ₹4,255.10, down 4.98% or ₹222.80 on the NSE, compared to a previous close of ₹4,477.90. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Bahrain News Gazette
14-04-2025
- Business
- Bahrain News Gazette
Bitget Records $2.08 Trillion Total Trading Volume in Q1 2025; Spot Trading Surged 159% QoQ
Bitget Records $2.08 Trillion Total Trading Volume in Q1 2025; Spot Trading Surged 159% QoQ Bitget Records $2.08 Trillion Total Trading Volume in Q1 2025; Spot Trading Surged 159% QoQ VICTORIA, Seychelles, April 14, 2025 (GLOBE NEWSWIRE) — Bitget , the leading cryptocurrency exchange and Web3 company, Bitget ended the first quarter of 2025 with $2.08 trillion in total trading volume, driven by a sharp 159% increase in spot trading, which reached $387 billion. The spike came amid heightened market participation and sustained momentum across new listings and core product lines. User growth remained strong. Bitget added 4.89 million users on its CEX platform and 15 million users on Bitget Wallet in Q1 alone, bringing the platform's global user base to over 120 million—a nearly 20% rise. Bitget's native token, BGB, had a volatile but net-positive quarter. The period also saw the introduction of a refreshed roadmap for BGB, outlining expanded utility in staking, Launchpad participation, and integrations with new DeFi ecosystems. A quarterly burn schedule remains in place to manage supply-side pressures. Security stayed front and center, especially after a record-breaking $2.1 billion was lost to crypto hacks industry-wide. Bitget transferred nearly $100 million in ETH to Bybit after its breach, a move that signaled a rare but critical exchange-to-exchange alignment in times of crisis. Meanwhile, Bitget's Proof-of-Reserves consistently exceeded the 130% mark through Q1. Its Protection Fund grew from $495 million in January to $514 million by March, tracking a cautious yet upward trend in asset reserves. 'This quarter's performance shows the value of staying agile in a volatile environment. In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem. Compliance remains a key pillar as the exchange navigates tighter global oversight while staying anchored to its core ethos: helping users trade smarter,' said Gracy Chen, CEO at Bitget . Beyond product performance, Bitget broadened its global footprint through on-ground events and targeted initiatives. It entered motorsports by sponsoring Brazilian driver Flávio Sampaio in the 2025 Porsche Carrera Cup and hosted Ramadan-focused gatherings across MENA and Asia. Over 60,000 meals were distributed during the holy month through donations from local partners. The Blockchain4Her initiative, launched in 2024 with $10 million earmarked for long-term deployment, marked its first anniversary. The program welcomed three new ambassadors and ran activations in Southeast Asia and Eastern Europe aimed at onboarding more women into Web3. Bitget also advanced its infrastructure and integrations. AI-backed trading tool Bitget Seed was introduced to identify and list early-stage tokens with strong on-chain signals. Integrations with Zen and Callpay improved fiat onramps across Europe and South Africa. BGB's liquidity expanded further through Morph Chain and Bulbaswap. Bitget continues to scale its infrastructure, onboard new users, and optimize for resilience. With a robust user pipeline, rising token activity, and new partnerships in motion, the platform is set for another strong quarter. For the full Q1 2025 full report, please visit here . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . A photo accompanying this announcement is available at GlobeNewswire Distribution ID 1001080141
