Latest news with #QualifiedInstitutionsPlacement
United News of India
2 days ago
- Business
- United News of India
Swan Energy logs record Rs 6,884 crore income in FY25
Mumbai, May 30 (UNI) Swan Energy Limited has reported its highest-ever income and profitability for the financial year ended March 31, 2025, with consolidated income rising by 35 per cent to ₹6,884 crore and profit after tax (PAT) surging by 49 per cent to ₹874 crore. The company had posted an income of ₹5,100 crore and PAT of ₹586 crore in FY24. The diversified Indian conglomerate, with interests in textiles, real estate, oil and gas, shipbuilding and heavy fabrication, also saw its EBITDA rise sharply by 90 per cent to ₹1,804 crore in FY25, as against ₹951 crore in the previous fiscal. The EBITDA margin improved to 26.2 per cent from 18.6 per cent a year earlier. According to the company's regulatory filing, the improved financial performance was driven by significant debt reduction following a ₹3,320 crore Qualified Institutions Placement (QIP), successful commissioning of shipyard operations under Swan Defence and Heavy Industries (SDHI), and progress across its real estate and energy verticals. SDHI, formerly Reliance Naval and Engineering Ltd, resumed operations and delivered three refits ahead of schedule for the Indian Coast Guard. The company has also signed strategic MoUs with major shipbuilding players. In the real estate segment, the company's flagship residential project Cardinal One in Yeshwanthpur, Bengaluru received its Occupation Certificate, with over 90 per cent of the units sold. In the LNG business, subsidiary Triumph Offshore Pvt Ltd sold its Floating Storage and Regasification Unit (FSRU) 'Vasant-1' for around $399 million. The onshore LNG terminal at Jafrabad, Gujarat is nearing completion, with long-term regasification agreements secured with public sector undertakings including GSPC, BPCL, IOCL, and ONGC. Commenting on the results, Managing Director Mr Nikhil Merchant said the financial year marked a significant milestone in Swan Energy's journey. "Our highest ever revenue and profitability reflect the strength of our diversified business model and prudent financial management," he said. He added that the groundwork laid across verticals, including new energy and shipbuilding, has positioned the company well to capitalise on emerging opportunities. UNI BDN SSP
Business Standard
3 days ago
- Business
- Business Standard
Board of Equitas Small Finance Bank approves QIP issue of Rs 1250 cr
At meeting held on 30 May 2025The Board of Equitas Small Finance Bank at its meeting held on 30 May 2025 has approved raising of funds by way of issuance of such number of equity shares or any other eligible securities and / or other securities convertible into equity shares including warrants, or otherwise (collectively Securities) for an aggregate amount not exceeding Rs.1,250/- crore by way of Qualified Institutions Placement (QIP) and / or through any other permissible mode, in one or more tranches. Powered by Capital Market - Live News
Mint
08-05-2025
- Automotive
- Mint
350% rally in five years! Multibagger auto stock hits 20% upper circuit after ₹320 crore fundraise move
Multibagger auto stock: Pavna Industries share price touched 20% upper circuit limit during Thursday's trading session following the company's announcement of plans to raise up to ₹ 320 crores by issuing equity shares to qualified institutional buyers. 'Approved raising of funds for an aggregate amount not exceeding ₹ 320 crores through issue of Equity Shares by way of Qualified Institutions Placement (QIP), in accordance with the relevant provisions of applicable law and subject to approval of the company's shareholders and receipt of applicable regulatory approvals,' said the firm in an exchange filing. Additionally, the company announced that to facilitate the proposed issuance of equity shares, the board has formed the QIP Committee and empowered this committee to determine and undertake the essential measures, including setting the price, timing, terms, and conditions of the QIP. The company specialises in producing a diverse array of automotive parts for well-known Original Equipment Manufacturers (OEMs) according to their specifications, serving different vehicle categories like passenger cars, two-wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles. In addition, the company offers aftermarket sales and services, which include products it manufactures such as filters, clutch plates, bearings, wiper blades, and brake shoes. Pavna Industries share price opened at an intraday low of ₹ 320.45 apiece on the BSE, the stock touched an intraday high of ₹ 373 apiece. Over the last week, Pavna Industries share price increased by 18.97%. In the previous quarter, the stock has declined by 24.97% and has decreased by 28.30% over the past year. The stock has increased by 350% over the past 5 years, providing significant returns to its investors. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Pavna Industries share price have seen strong traction in today's session, with prices surging more than 18% in today's session backed with volume , this move can extend in near term towards ₹ 400 in near term. With support placed around ₹ 300.
Business Standard
05-05-2025
- Business
- Business Standard
SBI slides after Q4 PAT falls 10% YoY to Rs 18,643 crore; declares dividend of Rs 15.90/sh
State Bank of India (SBI) slipped 1.12% to Rs 791.05 after the bank's standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025. Profit before tax in the fourth quarter of FY25 stood at Rs 24,844.35 crore, registering a YoY decline of 8.45%. Net interest income rose 2.69% to Rs 42,775 crore in Q4 FY25 as compared with Rs 41,655 crore in Q4 FY24. Net interest margin (domestic) reduced by 32 bps to 3.15% in Q4 FY25 as against 3.47% in Q4 FY24. Operating profit grew 8.83% YoY to Rs 31,286 crore in the March 2025 quarter as compared with Rs 28,748 crore posted in the corresponding quarter last year. Total deposits grew 9.48% to Rs 53,82,190 crore as on 31 March 2025 as against Rs 49,16,077 crore as on 31 March 2024, out of which CASA deposits grew by 6.34% YoY. The CASA ratio slipped 114 bps to 39.97% as of 31 March 2025. The bank's return on assets (ROA) for the quarter stood at 1.12% as against 1.36% in Q4 FY24. In Q4 FY25, the provision coverage ratio (PCR) improved by 60 bps YoY to 74.42%. Including advances under collection accounts (AUCA), the PCR improved by 19 bps YoY to 92.08%. The bank's gross non-performing assets (NPAs) reduced to Rs 76,880 crore as on 31 March 2025 as against Rs 84,276 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 1.82% as of 31 March 2025, as against 2.24% as of 31 March 2024. The ratio of net NPAs to net advances stood at 0.47% as of 31 March 2025, as against 0.57% as of 31 March 2024. On a full-year basis, the banks standalone net profit jumped 16.08% to Rs 70,900.63 crore on a 12.28% increase in revenue to Rs 5,24,172.41 crore in FY25 over FY24. The bank's credit growth stood at 12.03% YoY. Domestic advances grew at 11.56% YoY and foreign offices' advances rose by 14.84% YoY. Capital Adequacy Ratio (CAR) as at the end of Q4 FY25 reduced by 3 bps YoY and stands at 14.25%; slippage ratio was at 0.42%, declining by 1 bps YoY, while credit cost rose 2% to 0.39%. Meanwhile, the banks board has declared a dividend of Rs 15.90 per equity share for the financial year ending 31 March 2025. The record date for determining shareholders eligible to receive the dividend is Friday, 16 May 2025, and the payment date is set for 30 May 2025. Additionally, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), or any other permitted mode or combination thereof, subject to necessary approvals. The State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank.
Business Standard
03-05-2025
- Business
- Business Standard
SBI Q4 PAT falls 10% YoY to Rs 18,643 crore; declares dividend of Rs 15.90/sh
State Bank of India's (SBI) standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025. Profit before tax in the fourth quarter of FY25 stood at Rs 24,844.35 crore, registering a YoY decline of 8.45%. Net interest income rose 2.69% to Rs 42,775 crore in Q4 FY25 as compared with Rs 41,655 crore in Q4 FY24. Net interest margin (domestic) reduced by 32 bps to 3.15% in Q4 FY25 as against 3.47% in Q4 FY24. Operating profit grew 8.83% YoY to Rs 31,286 crore in the March 2025 quarter as compared with Rs 28,748 crore posted in the corresponding quarter last year. Total deposits grew 9.48% to Rs 53,82,190 crore as on 31 March 2025 as against Rs 49,16,077 crore as on 31 March 2024, out of which CASA deposits grew by 6.34% YoY. The CASA ratio slipped 114 bps to 39.97% as of 31 March 2025. The bank's return on assets (ROA) for the quarter stood at 1.12% as against 1.36% in Q4 FY24. In Q4 FY25, the provision coverage ratio (PCR) improved by 60 bps YoY to 74.42%. Including advances under collection accounts (AUCA), the PCR improved by 19 bps YoY to 92.08%. The bank's gross non-performing assets (NPAs) reduced to Rs 76,880 crore as on 31 March 2025 as against Rs 84,276 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 1.82% as of 31 March 2025, as against 2.24% as of 31 March 2024. The ratio of net NPAs to net advances stood at 0.47% as of 31 March 2025, as against 0.57% as of 31 March 2024. On a full-year basis, the banks standalone net profit jumped 16.08% to Rs 70,900.63 crore on a 12.28% increase in revenue to Rs 5,24,172.41 crore in FY25 over FY24. The bank's credit growth stood at 12.03% YoY. Domestic advances grew at 11.56% YoY and foreign offices' advances rose by 14.84% YoY. Capital Adequacy Ratio (CAR) as at the end of Q4 FY25 reduced by 3 bps YoY and stands at 14.25%; slippage ratio was at 0.42%, declining by 1 bps YoY, while credit cost rose 2% to 0.39%. Meanwhile, the banks board has declared a dividend of Rs 15.90 per equity share for the financial year ending 31 March 2025. The record date for determining shareholders eligible to receive the dividend is Friday, 16 May 2025, and the payment date is set for 30 May 2025. Additionally, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), or any other permitted mode or combination thereof, subject to necessary approvals. The State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank. The scrip added 1.51% to end at Rs 800.05 on the BSE on Friday.
