Latest news with #UKFreeTradeAgreement
Mint
21-05-2025
- Business
- Mint
Ashish Kacholia portfolio stock declares Q4 results, dividend for FY25. Details here
Fineotex Chemical, the ace investor Ashish Kacholia-portfolio company, has declared its Q4 results. The company has reported a drop in its revenue and net profit. Fineotex Chemical reported a consolidated net profit of ₹ 19.97 crore in the fourth quarter of FY25, recording a decline of 33.68% from ₹ 30.11 crore in the corresponding quarter of last fiscal year. The company's consolidated revenue from operations in Q4FY25 decreased 21.72% to ₹ 119.78 crore from ₹ 153.02 crore, year-on-year. In the full financial year ending in March 2025, the company's net profit decreased 9.68% to ₹ 108.21 crore from ₹ 119.81 crore in the year ending in March 2024. Revenue from operations in FY25 fell 6.26% to ₹ 533.33 crore from ₹ 568.97 crore in FY24. At the operational level, earnings before interest, tax, depreciation and amortization or EBITDA (excluding other income) stood at ₹ 127.23 crore, while EBITDA Margin was at 23.85% in FY25, the company said. 'We ended FY25 on a stable footing, with steady performance in the textile chemicals segment and strong growth in newly diversified businesses. Despite a nuanced demand environment, our strategic direction remains clear, and we continue to execute with resilience and a long-term growth mindset,' said Sanjay Tibrewala, Executive Director, Fineotex Chemical. During the quarter, the textile chemicals segment remained stable, with sustained demand across key geographies. The company added 30 new customers during the fourth quarter, and also developed 15 new products. 'While the FMCG, Cleaning & Hygiene segment witnessed a temporary softness in volumes, the underlying demand fundamentals remain intact, and we anticipate a pickup in the coming quarters,' Tibrewala said. New business verticals — Water Treatment and Oil & Gas — delivered strong performance, with a substantial increase in both volumes and value contribution backed by a robust and growing order pipeline, he added. 'Looking ahead, we are optimistic about the export environment. The India–UK Free Trade Agreement, is expected to improve market access, reduce trade barriers, and enhance our competitiveness in the UK and Europe, particularly for textile and specialty chemicals,' Tibrewala said. The company's greenfield expansion is progressing as planned and will add 15,000 MTPA of capacity, increasing its total installed capacity to 1,20,000 MTPA expected to commence operations in Q2 FY26. The board of directors of Fineotex Chemical also approved a final dividend of ₹ 0.40 per equity share (20% of face value of ₹ 2 each) which amounts to over ₹ 4.58 crore, subject to the approval of members at the ensuing Annual General Meeting. The company had paid an interim dividend of ₹ 0.40 per share during FY25 and therefore the total dividend would be ₹ 0.80 (40% of Face Value) per share for FY 2024-25 amounting to over ₹ 9.16 crore. Ace inventor Ashish Kacholia maintained his nearly 3% stake in Fineotex Chemical during the quarter ended March 2025. As per the shareholding pattern of the company as of 31 March 2025, Ashish Kacholia held 31,35,568 Fineotex Chemical shares, representing 2.74% stake in the company. Fineotex Chemical share price share price plunged more than 11% on Wednesday after the specialty performance chemical making company reported its Q4 results. The Ashish Kacholia-portfolio stock, Fineotex Chemical shares fell as much as 11.01% to ₹ 229.00 apiece on the BSE. Fineotex Chemical shares have fallen over 10% in three months, and the stock is down 32% on a YTD basis. Over the past one year, Fineotex Chemical shares have dropped 34%, while the Ashish Kacholia portfolio stock has delivered multibagger returns of 873% in five years. At 2:55 PM, Fineotex Chemical share price was trading 9.69% lower at ₹ 232.40 apiece on the BSE. 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.
Yahoo
15-05-2025
- Business
- Yahoo
Nitin Spinners Ltd (BOM:532698) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nitin Spinners Ltd (BOM:532698) achieved its highest ever revenue, with a 14% increase year-over-year, reaching INR 3,305.65 crores. The company reported a 24% increase in exports, achieving INR 2,111 crores, indicating strong international demand. EBITDA margin improved from 12.98% to 14.26%, showcasing better operational efficiency. The board recommended a 30% dividend on equity share capital, up from 25% last year, reflecting confidence in financial stability. The company is operating at high capacity utilization, with spinning at over 96% and weaving and finishing divisions at more than 90%. Domestic cotton prices are higher than international prices, affecting profit margins. The company does not expect significant volume growth in FY26 due to limited capacity expansion. There is uncertainty in the short-term export market due to non-tariff barriers and geopolitical tensions. The company's margins are currently lower than their target range of 16-20%, indicating room for improvement. The planned CapEx will not contribute to capacity until FY27, potentially limiting growth in the immediate future. Warning! GuruFocus has detected 6 Warning Signs with PAGS. Q: Can you elaborate on the export demand recovery and margin expectations for FY26? A: (CFO) We do not expect major volume growth in FY26 due to small modernizations. Inventory levels are reasonable, and margins are better than industry averages. We aim to improve margins through cost efficiency and product mix optimization. The CapEx plan should add INR 1,000 crores to revenue, with margins improving by 100-150 basis points due to value-added segments. Q: How will the UK Free Trade Agreement (FTA) impact Nitin Spinners? A: (Chairman) The UK market imports about $17-18 billion in textiles, with India currently holding a small share. The FTA will improve our competitive advantage by 6-7%, potentially doubling our market share. We already have a presence in the UK market and expect to expand further with the FTA. Q: What is the impact of Chinese fabric imports on the Indian market? A: (Chairman) The government has imposed a minimum import price on Chinese fabrics, which should improve domestic demand. However, the impact is more significant on synthetic fabrics, not cotton. Yarn prices have seen slight increases due to rising cotton prices and import restrictions. Q: What is the current status of cotton procurement and its impact on margins? A: (CFO) About 15-16% of our cotton is imported, with the rest sourced domestically. Changes in import duties could reduce costs. Our margins are currently 300 basis points below our target range of 16-20% due to higher domestic cotton prices compared to international prices. Q: How does Nitin Spinners plan to capitalize on the China Plus One strategy? A: (Chairman) India has robust raw material and spinning capacities but needs to improve garmenting and finishing capacities. The industry is advocating for incentives to boost these areas. If successful, India could significantly increase its export capacity, capturing more of the global market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Nitin Spinners Ltd (BOM:532698) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nitin Spinners Ltd (BOM:532698) achieved its highest ever revenue, with a 14% increase year-over-year, reaching INR 3,305.65 crores. The company reported a 24% increase in exports, achieving INR 2,111 crores, indicating strong international demand. EBITDA margin improved from 12.98% to 14.26%, showcasing better operational efficiency. The board recommended a 30% dividend on equity share capital, up from 25% last year, reflecting confidence in financial stability. The company is operating at high capacity utilization, with spinning at over 96% and weaving and finishing divisions at more than 90%. Domestic cotton prices are higher than international prices, affecting profit margins. The company does not expect significant volume growth in FY26 due to limited capacity expansion. There is uncertainty in the short-term export market due to non-tariff barriers and geopolitical tensions. The company's margins are currently lower than their target range of 16-20%, indicating room for improvement. The planned CapEx will not contribute to capacity until FY27, potentially limiting growth in the immediate future. Warning! GuruFocus has detected 6 Warning Signs with PAGS. Q: Can you elaborate on the export demand recovery and margin expectations for FY26? A: (CFO) We do not expect major volume growth in FY26 due to small modernizations. Inventory levels are reasonable, and margins are better than industry averages. We aim to improve margins through cost efficiency and product mix optimization. The CapEx plan should add INR 1,000 crores to revenue, with margins improving by 100-150 basis points due to value-added segments. Q: How will the UK Free Trade Agreement (FTA) impact Nitin Spinners? A: (Chairman) The UK market imports about $17-18 billion in textiles, with India currently holding a small share. The FTA will improve our competitive advantage by 6-7%, potentially doubling our market share. We already have a presence in the UK market and expect to expand further with the FTA. Q: What is the impact of Chinese fabric imports on the Indian market? A: (Chairman) The government has imposed a minimum import price on Chinese fabrics, which should improve domestic demand. However, the impact is more significant on synthetic fabrics, not cotton. Yarn prices have seen slight increases due to rising cotton prices and import restrictions. Q: What is the current status of cotton procurement and its impact on margins? A: (CFO) About 15-16% of our cotton is imported, with the rest sourced domestically. Changes in import duties could reduce costs. Our margins are currently 300 basis points below our target range of 16-20% due to higher domestic cotton prices compared to international prices. Q: How does Nitin Spinners plan to capitalize on the China Plus One strategy? A: (Chairman) India has robust raw material and spinning capacities but needs to improve garmenting and finishing capacities. The industry is advocating for incentives to boost these areas. If successful, India could significantly increase its export capacity, capturing more of the global market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Time of India
08-05-2025
- Business
- Time of India
Visas and travel under the new India–UK Free Trade Agreement: What's changing?
The recently finalised India–UK Free Trade Agreement (FTA), which concluded recently on May 6, 2025, marks a significant milestone in bilateral relations, particularly in enhancing professional mobility between the two nations. This agreement will facilitate the movement of various professionals, including contractual service suppliers, business visitors, investors, intra-corporate transferees, and independent professionals such as yoga instructors, musicians, and chefs. Increased accessibility for professionals in India The FTA makes it simpler for Indian professionals to work in the UK by introducing rules that streamline employment laws and visa procedures. Under business mobility options, the UK has increased the range of occupations for which highly qualified Indian experts can apply. However, to utilise these expanded routes, professionals must prove they have the necessary experience and qualifications for those specific roles, as the UK will require them to meet strict standards before allowing them to work in the country. Read more: 27 airports closed, around 400+ flights cancelled; all you need to know Social security exemptions A notable provision waives national insurance payments for UK-based companies seconding Indian workers, reducing costs and potentially increasing the number of Indian professionals in the UK . This exemption, which will remain valid for the first three years, was one of the key demands made by the Indian side to avoid double taxation. This was not welcomed by some of the critics though, who argue that the agreement could undercut British workers and increase immigration. Meanwhile, the government maintains that the deal won't significantly affect immigration. Read more: 5 amazing desert experiences from across the world The UK Government emphasises that the FTA preserves Britain's existing immigration rules. Douglas Alexander, Minister of State at the Department for Business and Trade, clarified that the deal does not affect the points-based system. It only covers business mobility, which is different from immigration, as it is about travel for specific and temporary business purposes. It's anticipated that by 2040, this deal will increase bilateral trade by £25.5 billion ($34 billion) a year. This major development also indicates greater and enhanced collaboration and mutual economic expansion between the fifth and sixth largest economies in the world. All things considered, the FTA between India and the UK is a big step toward enhancing economic relations and promoting business travel between the two countries. Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
06-05-2025
- Business
- Time of India
India Inc welcomes UK trade pact, highlights positives of FTA
Indian industry captains have welcomed the signing of India-UK Free Trade Agreement as they feel the pact will immensely be beneficial for Indian exporters looking to enhance their presence in the UK market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi [India], May 6 (ANI): Indian industry captains have welcomed the signing of India-UK Free Trade Agreement as they feel the pact will immensely be beneficial for Indian exporters looking to enhance their presence in the UK the signing of India -UK Free Trade Agreement, Harsha Vardhan Agarwal, President, FICCI said, "It brings a new momentum to sectors like FMCG, healthcare, and innovation-driven enterprises. Guided by Prime Minister Modi's bold and strategic leadership, this milestone reflects India's growing stature as a global economic force and a trusted partner in progress."Following table highlights the itemwise benefit of the congratulated the Government of India and the UK for concluding the negotiations and signing the pathbreaking India-UK Free Trade Agreement along with the Double Contribution is India's major trading bilateral trade in goods and services between the two countries is currently more than USD 50 billion and with the trade agreement in place, this is expected to grow multifold in coming years, FICCI said."The conclusion of India-UK FTA reinforces India's growing economic strength and diplomatic influence. The trade deal is balanced and forward looking that will bring mutual gains on both sides," added a statement by Sanjiv Puri, President, CII, said, "This transformative accord reflects our shared commitment to deepening economic ties, bolstering technology collaboration, diversifying global supply chains, and fostering a more business-friendly environment.""Guided by the 2030 Roadmap, the timely agreement will help advance a comprehensive strategic partnership between India and the UK, steering bilateral trade towards the ambitious target of USD 100 billion by 2030," Puri UK India Business Council UKIBC ) also welcomes the agreed landmark trade deal between the United Kingdom and landmark trade deal, when signed, will represent a major step forward in strengthening the economic and strategic partnership between the UK and India, UKIBC said in a Business and Trade Secretary Jonathan Reynolds and Indian Commerce Minister Piyush Goyal held final talks in London last week after relaunching negotiations only two months Heald, OBE , Chair, UK India Business Council,"UKIBC welcomes the agreed landmark trade deal between the United Kingdom and India. It reflects the deep trust, shared values, and mutual ambition that define the UK-India relationship. This agreement will unlock new opportunities for businesses across both countries, drive economic growth, create jobs, and support innovation and collaboration across sectors. We are delighted to have worked closely with both governments and with businesses throughout the negotiation process. Our members and clients are excited about the opportunities that will now open up. UKIBC remains committed to supporting businesses to navigate the new framework and to fully realise the benefits of this historic agreement."As the United Kingdom and India announce a historic Free Trade Agreement (FTA), India Global Forum (IGF) and the UK India Future Forum UKIFF ) commended the sustained efforts of both governments in achieving this landmark economic acknowledged the complexities involved in such negotiations and recognise the dedication of all stakeholders in navigating these Ladwa, founder and Chairman, India Global Forum and UK India Future Forum said, "My congratulations to Prime Ministers Narendra Modi and Kier Starmer, as well as the negotiation teams of both countries. FTAs are notoriously complex and this truly is a remarkable achievement that will serve both countries well. This agreement represents a significant milestone in UK-India relations, underscoring the potential of our partnership and the opportunities that lie ahead. It is a testament to what can be achieved when diplomacy, pragmatism, and partnership come together with purpose, and of course, it is proof that democracies work best when democracies work together." Sakthivel , Vice Chairman of the Apparel Export Promotion Council (AEPC), has welcomed the announcement and extended his heartfelt congratulations to the Prime Minister and the Union Commerce Minister for their pivotal role in achieving this historic breakthrough."This is a Himalayan achievement that will provide a strong impetus to India's textile exports and boost employment and growth in the sector," said also applauded the successful conclusion of the India-UK Free Trade Agreement--a landmark deal expected to boost bilateral historic pact will deepen our Strategic Partnership and drive robust economic growth in both nations, said Hemant Jain, President, of Global Trade and Research Initiative, Ajay Srivastava , said The India-UK FTA marks a strategic deepening of a USD 45 billion trade relationship, with real gains for Indian sectors like textiles, footwear, carpets, cars, and marine products--all currently facing UK tariffs of 4-16 per cent."The inclusion of the Double Contribution Convention is a win for Indian professionals on short UK assignments, helping them qualify for social security by combining service periods across borders," Srivastava said."But the deal's true test lies in how the UK's Carbon Border Adjustment Mechanism (CBAM) is handled. If Indian exports still face CBAM levies while UK goods enter India duty-free, it risks turning a balanced FTA into a one-sided bargain. Let's hope this elephant in the room wasn't ignored," he Ralhan, President of Federation of Indian Export Organisations (FIEO) warmly welcomed the finalisation of the historic India-United Kingdom Free Trade Agreement (FTA), a landmark step that will significantly boost bilateral trade, attract strategic investments, and further integrate Indian businesses into the global value agreement comes at a pivotal time, said Ralhan, when India is positioning itself as a resilient and reliable trade partner in a rapidly evolving global said the FTA reflected the shared economic vision of both countries and sets the stage for a mutually beneficial, sustainable, and forward-looking trade relationship. (ANI)
