Latest news with #SEIL
India.com
5 days ago
- Business
- India.com
This company stock opens higher post its quarterly results
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Ahmedabad-based education services provider Shanti Educational Initiatives Ltd (SEIL) started the trading in green today, defying the downward trend of the benchmark indices Sensex and Nifty. Despite the market challenges, the scrip opened at Rs 103.95 on the BSE, a promising start. Although it later dipped to touch the low of Rs 101.05, it was still trading at Rs 102.10, showing resilience with a fall of only 0.87 per cent. The 52-week high of the stock is Rs 207.75 and the 52-week low is Rs 63.15, indicating a potential for growth. The market cap of the company is Rs 1,643.81 crore, a significant figure in the education services sector. Technically, the stock trades higher than the 20-day, 50-day and 100-day moving averages but lower than the 5-day and 200-day moving averages. Quarterly Results The BSE-listed company has announced its quarterly results, and the numbers are promising. The company reported net sales of Rs 15.16 crore, a substantial 54.22 per cent year-on-year growth when compared to Rs 9.83 crore in the same quarter a year ago. However, the company's net sales in the January-March quarter of the financial year 2024-25 were even higher at Rs 18.84 crore, indicating a consistent growth trajectory. The company's performance in the quarter under review is a testament to its resilience and strategic decisions. It reported a net profit of Rs 2.90 crore, a stark contrast to the net loss of Rs 0.47 crore in the fourth quarter of FY25. This represents an impressive increase of 717 per cent QoQ, a clear indication of the company's turnaround and potential for future growth. In the financial year 2025, net sales increased by 220 per cent to Rs 58.99 crore, and net profit increased by 93 per cent to Rs 7.06 crore, compared to FY24. Share Market Today The 30-share BSE Sensex declined 242.24 points to 80,381.02 in early trade. The 50-share NSE Nifty dropped 54.85 points to 24,541.30. From the Sensex firms, Bharti Airtel, Infosys, Bharat Electronics, Eternal, Axis Bank and HDFC Bank were among the laggards. However, Titan, Bajaj Finance, NTPC and Bajaj Finserv were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,997.19 crore on Thursday, according to exchange data. Domestic Institutional Investors (DII), however, bought stocks worth Rs 10,864.04 crore in the previous trade.
Time of India
6 days ago
- Business
- Time of India
Steel Exchange India plans to develop cargo terminal, multi-modal logistics park in Vizag
Steel Exchange India on Thursday said it has signed an agreement with two entities to explore the development of a cargo terminal and multi-modal logistics park (MMLP) in Andhra Pradesh. The collaboration aims to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam (Vizag) in the state, Steel Exchange India Ltd (SEIL) said in a statement. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "Steel Exchange India announces a strategic non-binding collaboration with Vizag Profiles Logistics (VPL) and Hind Terminals (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam," it said. The collaboration is a strategic step forward in efforts to expand beyond steel manufacturing and strengthen the company's presence in infrastructure and logistics, Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited, said. Part of the Vizag Profiles Group, SEIL operates an integrated steel plant and power unit at Vizianagaram near Visakhapatnam. During the June quarter, the company received a contract of Rs 210 crore from state-owned RINL for the conversion of 1.2 LTPA (lakh tonnes per annum) billets to TMT rebars.
Hans India
7 days ago
- Business
- Hans India
Steel Exchange India net profit grows to over Rs 10 cr in June quarter
New Delhi: Steel Exchange India on Wednesday posted a multi-fold rise in net profit to Rs 10.23 crore in June quarter, mainly on account of higher income. Steel Exchange India Ltd (SEIL), an integrated steel plant operator, had logged a net profit of Rs 2.58 crore in April-June 2024-25, the company said in a statement. In the first quarter, the company's total income rose to Rs 304.95 crore, up 14.53 per cent from Rs 266.26 crore in the June quarter of 2024-25. During the latest June quarter, the company received a contract for a value up to Rs 210 crore from state-owned RINL for conversion of 1.2 LTPA (lakh tonnes per annum) billets to TMT rebars. "Winning approvals for key infrastructure projects in Andhra Pradesh reaffirm the strength of our brand and the trust placed in our quality," the company's Joint Managing Director Suresh Kumar Bandi said. Part of the Vizag Profiles Group, SEIL operates an integrated steel plant and power unit at Vizianagaram near Visakhapatnam. Rashtriya Ispat Nigam Ltd (RINL), under the Ministry of Steel, is among India's top six steel makers and operates a 7.5-million tonne facility in Visakhapatnam in Andhra Pradesh.
Business Upturn
06-08-2025
- Business
- Business Upturn
Steel Exchange India collaborates with VPL, HTPL for logistics infrastructure in Vizag
By Aman Shukla Published on August 6, 2025, 11:53 IST Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), a prominent integrated steel manufacturer in South India, has taken a significant strategic step by entering into a non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). Known for its trusted TMT rebar brand 'SIMHADRI TMT', SEIL is now looking beyond steel production to tap into the rapidly evolving logistics landscape. The company plans to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam, signaling its intent to strengthen its logistics and cargo-handling capabilities. This collaboration is expected to reshape cargo movement across inland and coastal networks in the region. The core objective is to leverage each partner's unique strengths to create a robust and scalable logistics ecosystem. SEIL brings to the table its developing GCT rail siding, which serves as a vital piece of infrastructure for efficient freight handling. VPL adds value with its strong regional logistics network, while HTPL contributes its experience in port-linked cargo operations. Together, these companies aim to transform how steel and general cargo are moved in and out of Visakhapatnam by enabling faster transit and greater flexibility. The proposed partnership will explore operating container trains from the GCT, facilitate coastal shipping through domestic barges and containers, and establish rail-based inland transport for steel and general cargo. A key focus will be the development of end-to-end multimodal logistics services that can cater not only to SEIL's internal needs but also to third-party cargo handlers. This broader vision positions the partnership as a potential game-changer for industrial supply chains in the region. While the agreement is currently non-binding, it lays the groundwork for detailed feasibility studies and potential pilot projects. If successful, it could evolve into a full-scale commercial partnership in the future. For SEIL, the initiative could unlock significant value from its existing and future logistics assets, helping to streamline supply chains and support the long-term growth of its core steel business. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
04-08-2025
- Business
- Economic Times
Q3 boost for June-listed Siemens Energy: Profit shoots up 80% to Rs 263 crore, revenue rises 20% on new orders
Siemens Energy India reported an 80% YoY jump in Q3FY26 net profit to Rs 263 crore, with revenue up 20% at Rs 1,785 crore. Strong domestic and export orders drove performance. New orders surged 94%, and the firm announced a Rs 280 crore investment to expand manufacturing in Aurangabad. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Siemens Energy India on Monday reported an 80% YoY jump in its net profit for the quarter ended June at Rs 263 crore versus Rs 146 crore posted in the year ago period. The company's revenue from operations increased 20% to Rs 1,785 crore in Q3FY26 compared to Rs 1,484 crore in the corresponding quarter of the last financial is Siemens Energy India's first earnings since its listing on June 19 this year. Promoted by Netherlands-based Siemens International Holding B.V., the company's sharp rise in profit after tax (PAT) was on the back of new order growth, primarily due to large orders received during the robust demand was recorded both in domestic as well as export markets, a company filing to the exchanges said, adding that revenue has developed well on the back of strong and healthy order backlog. New Orders were up 94% at Rs 3,290 croreAt 17.6%, Q3 profit margin was in line with the normalised margin of the first half versus 13.3% in the year ago period, the company filing said. Profit margin is before considering favorable one-time impacts and stamp duty/other transfer company announced an investment of Rs 280 crore in a phased manner in manufacturing capacity expansion of High-Voltage Switchgear products at its Aurangabad factory. Siemens Energy claimed that this expansion will enable the company to meet the growing demand for power transmission equipment, both in India and earnings were announced after market hours and Siemens shares ended at Rs 3,235.50 on the NSE, up by Rs 66.70 or 2.10% over the Friday closing on the earnings, Managing Director and Chief Executive Officer Guilherme Mendonca said that new orders grew by an exceptional 94% on the back of a strong domestic market and rising exports. Healthy order backlog and continuous operational excellence helped the company to post robust results for the quarter and for the nine months of the fiscal year, he added."We continue to add capacity in our Power Transmission business to serve the increasing demand for High-Voltage Switchgear products, not just in India but also globally. With this investment, we are proud to demonstrate our Company's continued commitment to supporting India's energy transition and the Government of India's Make in India and Aatmanirbhar Bharat vision," Mendonca Read: DLF Q1 Results: Cons PAT rises 18% YoY to Rs 763 crore; revenue soars 99% Siemens Energy India Limited (SEIL) is focused on supporting customers in transitioning to a more sustainable world. SEIL has solutions across the entire energy value chain – from power and heat generation, transmission to storage through a portfolio that includes conventional and renewable energy technology such as gas and steam turbines, hybrid power plants operated with hydrogen as well as power generators and transformers.
