Latest news with #TechnocraftIndustries
Time of India
13 hours ago
- Business
- Time of India
Iran-Israel war escalation: Experts warn of cascading impact on India's trade with West Asia; crude prices, exports at risk
The escalating war between Iran and Israel could have wide-ranging repercussions for India's trade with the broader West Asian region, experts warned, citing early signs of export disruptions and heightened shipping and insurance risks. The conflict has already started impacting India's trade with Iran and Israel, and any further escalation could endanger exports to countries such as Iraq, Jordan, Lebanon, Syria and Yemen, they said. 'We are in for big trouble now because of this war. It will have a cascading effect on India's trade with West Asian countries,' said Sharad Kumar Saraf, founder chairman of Mumbai-based Technocraft Industries, which exports drum closures and packaging components, PTI quoted. Saraf said his firm is already holding back shipments to both Israel and Iran due to the deteriorating situation. Strategic choke points under stress The recent US airstrikes on Iran — aimed at neutralising its nuclear programme — have worsened the security outlook, particularly around the Strait of Hormuz, a narrow but critical oil shipping lane through which 60–65 per cent of India's crude imports pass. The Global Trade Research Initiative (GTRI) noted that any escalation in the region, especially one that disrupts the Hormuz Strait, would severely affect India's energy security, increase shipping costs and drive up inflation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo 'Any disruption to shipping lanes, port access or financial systems in this corridor would severely impact India's trade flows,' said Ajay Srivastava, GTRI founder. India's exposure to Iran, Israel, and West Asia India exported goods worth $1.24 billion to Iran in FY25, primarily Basmati rice ($753.2 million), banana, soya meal, Bengal gram, and tea. Imports from Iran were $441.8 million. Trade with Israel was larger, with $2.1 billion in exports and $1.6 billion in imports during 2024–25. GTRI warned that perishable shipments like rice, bananas, and tea are especially vulnerable due to delays and higher insurance costs. 'A prolonged conflict could dampen Iranian demand and squeeze Indian exporters,' Srivastava said. Trade with the broader West Asia region — including Iraq, Jordan, Lebanon, Syria and Yemen — stood at $8.6 billion in exports and $33.1 billion in imports, making it a significant trading corridor. Rising global shipping and security risks The fresh conflict builds on already strained global shipping routes. Attacks by Yemen-based Houthi rebels since the October 2023 Israel-Hamas war have hampered commercial movement through the Red Sea. Around 80 per cent of India's European trade passes through this route, as does a large portion of shipments to the US. The Red Sea also handles 30 per cent of global container traffic and 12 per cent of total world trade, making these disruptions especially significant. India's overall exports had grown 6 per cent to $825 billion in FY25, and the government is targeting $900 billion this fiscal. However, May data showed a 2.17 per cent decline in exports, driven by a drop in petroleum product shipments. The World Trade Organisation (WTO) has also revised its outlook, saying global trade will contract 0.2 per cent in 2025, against the earlier projection of 2.7 per cent growth, due to the tariff war and geopolitical instability. Experts now warn that the widening Iran-Israel war, combined with the uncertain impact of US involvement and potential disruptions in the Hormuz Strait, may further derail India's trade recovery and energy security. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
15 hours ago
- Business
- New Indian Express
Iran-Israel war escalation to impact India's trade with West Asia, say experts
NEW DELHI: Any further escalation of the ongoing war between Iran and Israel will have wider implications for India's trade with West Asian countries, including Iraq, Jordan, Lebanon, Syria, and Yemen, say experts. They said that the war has already started impacting India's exports to Iran and Israel. The US attacked three sites in Iran early Sunday, inserting itself into Israel's war aimed at destroying the country's nuclear programme in a risky gambit to weaken a longtime foe that prompted fears of a wider regional conflict as Tehran accused Washington of launching "a dangerous war". "We are in for big trouble now because of this war. It will have a cascading effect on India's trade with West Asian countries," Mumbai-based exporter and founder chairman of Technocraft Industries India Sharad Kumar Saraf said. Saraf said that his company is also holding back consignments to both these countries. Technocraft Industries manufactures drum closures, nylon and plastic plugs, capseal closures, and clamps. "There will be a cascading effect of this war," he added.
Yahoo
02-06-2025
- Business
- Yahoo
Technocraft Industries (India) Ltd (BOM:532804) Q4 2025 Earnings Call Highlights: Strong ...
Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Technocraft Industries (India) Ltd (BOM:532804) reported exceptional margins in the drum closure division, with growth across all geographies including the US, Europe, and China. The scaffolding segment is performing well despite a 25% tariff in the US, as the company successfully passes costs to customers and benefits from higher tariffs on Chinese competitors. The Mac one division is experiencing strong demand, particularly in affordable and mid-income housing, with a healthy order book and plans to expand exports. The engineering and design services segment is seeing robust demand due to a shortage of engineering labor in the US and Europe, with a focus on mid-sized companies and new verticals. The company is expanding its scaffolding distribution in Europe and India, with approvals in place and a leadership team established in Poland. The drum closure division's exceptional margins are not expected to be sustainable every quarter, with future growth projected at mid-single digits. The textile and yarn division faced increased losses due to heavy depreciation and labor shortages, with sales only reaching 60% of target. The steel formwork business is not scalable and is expected to be ramped down in the next 2-3 years. The engineering and design services segment saw lower profitability this year due to investments, with margins dropping to 14% from previous levels of 20%. The defense segment is progressing slowly, with no significant developments to report in the current presentation. Warning! GuruFocus has detected 2 Warning Sign with BOM:524332. Q: Can you explain the exceptional margins in the drum closure division and the geographical contributions to this growth? A: The growth in the drum closure division was due to strong sales across all geographies, including the US, Europe, China, and others. This widespread demand led to increased revenue and profitability. However, such exceptional results are not expected every quarter, as the baseline margin is typically around 30%, with occasional peaks like the 39% seen this quarter. (Respondent: Unidentified_3, Director and CEO) Q: How are the tariffs affecting your scaffolding business in the US? A: The 25% tariffs on scaffolding in the US have not impacted us significantly as we have been able to pass these costs onto customers. Our main competition is from China, where tariffs are much higher at 70%, giving us a competitive advantage. (Respondent: Unidentified_3, Director and CEO) Q: What is the current status and future outlook for the Mac one division, especially in the context of real estate trends? A: Mac one is primarily focused on the domestic Indian market, particularly in affordable and mid-income housing, which continues to see strong demand. We are also exploring export opportunities in Saudi Arabia, South America, and the US. The Aurangabad facility is expected to be fully operational by September, enhancing our supply capabilities. (Respondent: Unidentified_3, Director and CEO) Q: Could you provide insights into the engineering and design services segment, particularly regarding client demographics and project types? A: Our engineering and design services are entirely export-oriented, serving sectors like transportation, industrial machinery, and plant engineering. We have about 85 active clients, primarily mid-sized companies, and all projects are time and material-based, providing long-term contract visibility. (Respondent: Unidentified_3, Director and CEO) Q: What is the impact of tariffs on the drum closure division, and how do you foresee this affecting future performance? A: Currently, there is no impact from tariffs on the drum closure division as the tariffs have not yet come into effect. We anticipate a growth rate of 5-6% next year, with potential disturbances from US tariffs, but no immediate trends indicating a negative impact. (Respondent: Unidentified_3, Director and CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
30-05-2025
- Business
- Business Standard
Technocraft Industries (India) standalone net profit rises 68.50% in the March 2025 quarter
Sales rise 25.46% to Rs 568.23 crore Net profit of Technocraft Industries (India) rose 68.50% to Rs 66.27 crore in the quarter ended March 2025 as against Rs 39.33 crore during the previous quarter ended March 2024. Sales rose 25.46% to Rs 568.23 crore in the quarter ended March 2025 as against Rs 452.93 crore during the previous quarter ended March 2024. For the full year,net profit rose 44.87% to Rs 244.37 crore in the year ended March 2025 as against Rs 168.68 crore during the previous year ended March 2024. Sales rose 27.30% to Rs 2091.24 crore in the year ended March 2025 as against Rs 1642.82 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 568.23452.93 25 2091.241642.82 27 OPM % 16.8011.58 - 15.9514.80 - PBDT 103.6676.15 36 375.88286.82 31 PBT 90.0961.90 46 321.92233.29 38 NP 66.2739.33 68 244.37168.68 45
Business Standard
30-05-2025
- Business
- Business Standard
Technocraft Industries (India) consolidated net profit rises 20.23% in the March 2025 quarter
Sales rise 18.52% to Rs 702.28 crore Net profit of Technocraft Industries (India) rose 20.23% to Rs 65.97 crore in the quarter ended March 2025 as against Rs 54.87 crore during the previous quarter ended March 2024. Sales rose 18.52% to Rs 702.28 crore in the quarter ended March 2025 as against Rs 592.55 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.03% to Rs 256.19 crore in the year ended March 2025 as against Rs 264.20 crore during the previous year ended March 2024. Sales rose 18.97% to Rs 2595.58 crore in the year ended March 2025 as against Rs 2181.63 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 702.28592.55 19 2595.582181.63 19 OPM % 15.7114.19 - 16.0018.26 - PBDT 121.29107.60 13 461.08448.59 3 PBT 91.5089.37 2 353.24380.90 -7 NP 65.9754.87 20 256.19264.20 -3
