Latest news with #Sehgal
Mint
2 days ago
- Business
- Mint
Samvardhana Motherson Q4 results: Net profit falls 22.7%, revenue up 8%; bonus issue, dividend declared
Samvardhana Motherson Q4 results: Samvardhana Motherson International (SAMIL) (formerly Motherson Sumi Systems) has announced its financial results for the quarter ended March 2025 (Q4FY25). The company's consolidated net profit declined 22.7 percent to ₹ 1,115.28 crore in Q4FY25 as against ₹ 1,444 crore in the same period last year. Meanwhile, sequentially, it rose 13.3 percent from ₹ 984.35 crore in the June quarter. Its consolidated total revenue from operations also increased over 8 percent to ₹ 29,317 crore in the quarter under review versus ₹ 27,058 crore in year-ago period. Sequentially, it increased 6 percent from ₹ 27,666 crore in the June quarter. Samvardhana Motherson reported a marginal decline in its operating performance for the quarter, with EBITDA slipping 1.6 percent year-on-year to ₹ 2,643 crore. The company also saw its EBITDA margin contract by 70 basis points, easing to 9 percent from 9.7 percent in the corresponding period last year. Samvardhana Motherson's board has approved a bonus share issue in the ratio of 1:2, subject to shareholder approval at the upcoming annual general meeting. This means shareholders will receive one bonus share for every two shares held. Samvardhana Motherson has proposed a final dividend of ₹ 0.35 per equity share (of face value Re 1 each) for the financial year 2024-25. The dividend recommendation applies to the company's entire share capital of 7,03,62,95,067 equity shares and is subject to shareholder approval at the upcoming Annual General Meeting (AGM), scheduled for August 28, 2025. If approved at the AGM, the final dividend will be paid within 30 days of declaration, i.e., by or before September 26, 2025. This final dividend will be in addition to the interim dividend of ₹ 0.50 per share already paid for FY25. The record date for the same has been set for June 23, 2025. Additionally, the board has given in-principle approval for raising funds through the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) with a face value of ₹ 1 lakh each. The total amount to be raised through this private placement route is set at ₹ 8,500 crore. Chairman Vivek Chaand Sehgal of Motherson lauded the company's performance, underscoring its resilience and adaptability in the face of global volatility. He credited Motherson's robust engineering and manufacturing capabilities for enabling the group to consistently meet customer expectations while laying the groundwork for long-term, sustainable growth. 'Our booked business value has now crossed USD 88 billion, which includes significant contributions from our non-automotive segments. This positions us on a solid path for future expansion,' Sehgal said. Reflecting on the company's achievements over the past five years, Sehgal highlighted that Motherson not only achieved its highest-ever sales but also outpaced the broader automotive industry. He noted that this growth was fueled by the establishment of multiple new facilities, the successful integration of 23 acquisitions, and entry into new industries—all accomplished while maintaining a strong focus on quality and customer satisfaction. 'These achievements were recognised globally through multiple quality awards. At the same time, we kept our sights on financial discipline, improving free cash flows and reducing our leverage ratio to its lowest level in the last five years,' he added. Motherson has continued to outperform the broader industry, outpacing it by approximately 15 percent. This has been driven by strong content growth across product lines and an active mergers and acquisitions (M&A) strategy that has bolstered the company's expansion into new markets and segments. At a consolidated level, the company achieved a return on capital employed (ROCE) of 17.2 percent. Motherson maintained a healthy financial position, with net debt to EBITDA at a comfortable 0.9x. Capital expenditure for the financial year stood at ₹ 4,433 crore. The company said this spending was carefully calibrated in line with market conditions while ensuring that investments critical to long-term growth remained unaffected. As part of its ongoing expansion plans, Motherson is executing 14 greenfield projects, with nine of them expected to become operational during FY26. The company's total booked business value has now crossed USD 88 billion, with notable traction in non-automotive segments. Additionally, the company has managed to cushion the majority of trade-related risks by remaining compliant with the US-Mexico-Canada Agreement (US MCA). Furthermore, Motherson is engaged in constructive conversations with its customers to pass on tariff-related costs, ensuring stability in profitability and cost competitiveness in global markets. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
2 days ago
- Business
- Time of India
Crypto Prices Today: Bitcoin slips below $108,000; Altcoins trade mixed
Bitcoin dipped below $108,000 on Wednesday, trading at $107,954 as of 12:47 PM IST, after touching an intraday low of $106,812. The global crypto market capitalisation declined 0.26% to $3.42 trillion, according to CoinMarketCap. Ethereum , in contrast, gained 3.5% to $2,728, supported by technical strength and positive momentum. Among altcoins , Solana, Tron, Sui, Hyperliquid, Chainlink, and Stellar fell up to 3%, while BNB, Dogecoin, Cardano, Avalanche, and Shiba Inu rose as much as 2%. 'Bitcoin bounced back after testing support near $106,800,' said Alankar Saxena, Co-founder and CTO of Mudrex. He noted that the market is anticipating fresh liquidity from FTX's $5 billion creditor payouts, which could boost both Bitcoin and Ethereum. Additionally, $2.4 billion worth of Ether options are set to expire this week, potentially supporting ETH's attempt to break above the $3,000 level. Crypto Tracker TOP COIN SETS DeFi Tracker 4.67% Buy BTC 50 :: ETH 50 -0.11% Buy Smart Contract Tracker -0.19% Buy Web3 Tracker -4.76% Buy NFT & Metaverse Tracker -7.60% Buy TOP COINS (₹) Ethereum 233,480 ( 3.57% ) Buy BNB 58,548 ( 0.43% ) Buy Tether 86 ( 0.07% ) Buy XRP 195 ( -0.58% ) Buy Bitcoin 9,224,586 ( -0.89% ) Buy Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin is currently ranging between $106,500 and $110,000. 'A breakout above $110,000 could signal continuation, while a dip below $106,500 may open downside toward $104,000,' she said, adding that market structure remains 'neutral to slightly bullish.' Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » While retail sentiment has turned cautious amid geopolitical tensions and U.S. tariff concerns, institutional flows continue to support the market. Sehgal highlighted that BlackRock's iShares Bitcoin Trust alone saw $970 million in inflows on May 28, contributing to over $3 billion in total ETF inflows last week. Live Events Shivam Thakral, CEO of BuyUcoin, attributed some of the recent selling pressure to profit booking by short-term holders. 'The Crypto Fear & Greed Index indicates heightened fear, suggesting the market may remain choppy in the coming weeks,' he said. Ethereum shows relative strength Ethereum has managed to hold above $2,720, supported by its 100-hour simple moving average and a key trend line at $2,610. Sehgal noted that ETH appears stronger than Bitcoin near critical levels, with resistance seen at $2,780, $2,800, and $2,840. A break above $2,800 could open the way to $2,950, she added. Meanwhile, Bitcoin's dominance fell to 62.7%, with a market cap of $2.145 trillion. Daily trading volume declined 2% to $50.73 billion.
Mint
4 days ago
- Business
- Mint
Income-tax return filing deadline extended to 15 September
New Delhi: India's apex direct tax policy making body has extended to 15 September the income-tax return filing due date for the assessment year 2025-26 (FY2024-25) for those who do not need to get their accounts audited. The Central Board of Direct Taxes (CBDT), an arm of the Union finance ministry, announced the decision in a statement on Tuesday. Usually, the deadline for filing I-T returns falls on 31 July. The deadline for filing the returns has been extended because the digital ITR forms are being changed this year, which require more time to update the tax systems and release the necessary filing software, the CBDT said. Experts said typically, the software utilities are made available early in April. To be sure, the forms have been notified but have not been updated in the filing software. This year's ITR forms have undergone significant revisions to boost transparency and simplify taxpayer compliance. They require more disclosures on tax-saving investments, house rent allowance (HRA), and tax deducted at source (TDS) on non-salary incomes. Alongside, compliance has been eased on assets and liabilities reporting. Those with long-term capital gains (LTCG) of up to ₹ 1.25 lakh from stocks and equity mutual funds can now opt for the simpler ITR-1, Mint reported on 7 May. Tax experts have welcomed the move. 'Given the complexity and increased reporting requirements in the revised ITR forms, including more granular disclosures of capital gains, foreign income, and asset ownership, the extension offers much-needed relief to taxpayers,' said Sandeep Sehgal, partner-tax at AKM Global, a tax and consulting firm. The additional time, Sehgal added, is intended to facilitate a smoother transition to the new compliance regime, allowing taxpayers to correctly interpret the updated requirements, and ensure accurate and complete return filings. Sonu Iyer, partner and national leader, people advisory services-tax at EY India, said the ITR forms notified for the FY 2024-25 (AY 2025-26) incorporate the amendments introduced by Finance Act 2024 and have enhanced reporting requirements. Coming to the aid of middle-class tax payers, in the budget 2025-26, the government announced that there will be no income tax payable up to income of ₹ 12 lakh–average income of ₹ 1 lakh per month other than special rate income such as capital gains–under the new regime. This limit will be ₹ 12.75 lakh for salaried tax payers, due to standard deduction of ₹ 75,000. Also, in budget 2025-26, finance minister Nirmala Sitharaman rationalized the TDS by reducing the number of rates and thresholds above which it is applied. Further, threshold amounts for tax deduction have been increased for better clarity and uniformity. Tax policy reforms are geared to widen the tax base, detect undeclared income through data matching and promote digital compliance. The Income Tax department collected ₹ 22.26 trillion in direct taxes after adjusting for refunds in the financial year ended March 2025, recording an annual growth of 13.57%, as per official data.
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Business Standard
4 days ago
- Business
- Business Standard
Bitcoin consolidates near $108,800 levels as traders await breakout signals
Bitcoin price today, Tuesday, May 27, 2025: The crypto markets have been exhibiting a blend of optimism and caution. The flagship currency, Bitcoin (BTC), briefly reclaimed the $110,000 mark before seeing some profit-taking at higher levels; however, it has failed to hold and slipped below the $109,000 level. Market analysts suggest that the current consolidation of Bitcoin is short-term as investors are awaiting decisive breakout or breakdown signals. Bitcoin was quoted trading at around $109,108.40, down 0.50 per cent at 11:42 AM on Tuesday, May 27, with a 24-hour trading volume of $49.26 billion. Bitcoin's market capitalisation stood at $2.16 trillion, the highest among all cryptocurrencies. The world's most popular cryptocurrency has traded in the range of $109,108.40 - $110,376.88 in the last 24 hours, according to data from CoinMarketCap. Bitcoin's price, Riya Sehgal, research analyst, Delta Exchange, said, is holding near $108,800 after reaching highs above $111,900, exhibiting a clear uptrend with higher highs and higher lows on the daily chart. Short-term consolidation around the $110,000 resistance and $104,000–$105,000 support, Sehgal believes, suggests market participants are awaiting decisive breakout or breakdown signals. "A sustained move above $111,900 could fuel further upside momentum. Institutional demand remains strong, with $2.75 billion inflows into Bitcoin ETFs last week, led by BlackRock's iShares Bitcoin Trust. Ethereum ETF inflows also continue, reflecting growing confidence and adoption," said Sehgal. Analysts believe that the market sentiment has improved as Donald Trump delayed the proposed 50 per cent tariffs on EU imports. Moreover, whales and market makers remain confident as Bitcoin options trade at negative 6 per cent, which, Alankar Saxena, Co-founder and CTO of Mudrex, said, is a typical characteristic of bullish markets. Meanwhile, the M2 money supply, which reflects the total liquidity, recently hit a new all-time high. Historically, BTC has closely mirrored this trend with a slight delay, indicating further upside going forward. Ethereum and other altcoins Meanwhile, Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, traded between $2,450 and $2,750, with resistance at $2,600 and support near $2,500, yet no clear breakout has emerged. At last check, Ethereum was trading at around $2,605.64, up 1.32 per cent, with a trading volume of $13.56 billion. Ethereum has traded in the range of $2,512.59 - $2,598.57 in the last 24 hours. Among other popular cryptocurrencies, Binance Coin (BNB) was trading higher by 0.58 per cent, while Solana (SOL) was trading lower by 1.96 per cent, and Ripple (XRP) by 1.68 per cent. Meanwhile, the US dollar-linked stablecoin Tether was trading at $1, down 0.01 per cent. Top trending cryptocurrencies today Overall, the analysts believe that the market is in a holding pattern, balancing consolidation with steady institutional interest.
Business Standard
21-05-2025
- Business
- Business Standard
Bitcoin breaks past $107k resistance: Is a new all-time high on horizon?
Crypto markets were buzzing in trade on Wednesday, May 21, 2025, with flagship currency Bitcoin (BTC) holding above the $107,500 levels. Market analysts believe this breakout above $107,500 levels could potentially open the door toward $110,000 and new all-time highs. The bellwether currency was quoted trading at around $107,575.86, up by 1.32 per cent at 10:46 AM on Wednesday, May 21. The world's most popular cryptocurrency had a 24-hour trading volume of $50.84 billion. Bitcoin's market capitalisation stood at $2.13 trillion, the highest among all cryptocurrencies. The last 24-hour trading range for Bitcoin was between $104,206.52 and $107,664.50, according to data from CoinMarketCap. Bitcoin eyes $110,000 Riya Sehgal, research analyst at Delta Exchange, believes that Bitcoin has built a strong base above the $106,000 mark, indicating solid buyer interest at lower levels. This breakout above $107,500, Sehgal believes, could potentially open the door toward $110,000 and new all-time highs. For Bitcoin, Vikram Subburaj, CEO of Giottus Crypto Platform, believes that liquidity grabs can dictate its short-term price action—a short squeeze at $109,000 followed by a long liquidity grab at $101,000. "Spot ETF inflows have dipped yesterday in a sign that a correction is in order. However, any move down is likely to be a final correction before the asset breaks through its January high," said Subburaj. Notably, Bitcoin is currently 1.42 per cent lower from its all-time high of $109,114.88, scaled on January 20 of this year. Ethereum holds above $2,500 Ethereum, on the other hand, has been showing stronger relative strength, gaining nearly 60 per cent over the last month and outperforming Bitcoin. It is trading around the $2,500 mark, a key psychological resistance. Last seen, it was quoted trading at $2,577.99, up 0.38 per cent, with a trading volume of $21.94 billion. It has fluctuated in the range of $2,446.45 - $2,576.29 in the last 24 hours. Ethereum's market cap stood at $312.01 billion, making it the second-largest cryptocurrency by market capitalisation. "For Ethereum, while structural indicators like the Golden Cross and ascending trendlines suggest a bullish setup, on-chain data points to short-term overheating. Elevated trading volumes and profit-taking around $2,500 could trigger a minor pullback or consolidation," said Sehgal. Among other popular altcoins, Cardano (ADA) was trading higher by 2 per cent, followed by Binance Coin (BNB) at 1.63 per cent, and Solana (SOL) traded higher by 0.56 per cent. Meanwhile, Ripple (XRP) was trading lower by 3.5 per cent, down 0.11 per cent. In the near term, analysts expect volatility to remain elevated, with ETH needing to hold above $2,200 and BTC above $105,000 to sustain bullish momentum. Broader market sentiment remains cautiously optimistic as we await further confirmation of trend continuation.
