Latest news with #VikashAgarwal
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Business Standard
16-07-2025
- Business
- Business Standard
NFO Alert! Nippon India launches Nifty 1D Rate Liquid ETF; check details
Nippon India Nifty 1D Rate Liquid ETF: Nippon India Mutual Fund has launched the Nippon India Nifty 1D Rate Liquid ETF, an open-ended exchange-traded fund that aims to replicate the performance of the Nifty 1D Rate Index. The new fund offer (NFO) opens today, July 16, 2025 and closes on Friday, July 18, 2025. According to the scheme information document, the investment objective of the Nippon India Nifty 1D Rate Liquid ETF - Growth is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills/Repo & Reverse Repo as represented by Nifty 1D Rate index before expenses, subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be achieved. The units of the scheme will be listed on the National Stock Exchange (NSE) for ongoing trading within 5 working days from the date of allotment. During the NFO, investors can invest a minimum of ₹1,000 and in multiples of ₹1 thereafter. There is no entry or exit load, and there is no lock-in period. As per the risk-o-meter, the principal invested in the scheme will be at low risk. "Investment in Debt & Money Market Instruments is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures," the AMC said in the SID. Vikash Agarwal and Vivek Sharma are the designated fund managers for the scheme. Agarwal is the senior fund manager, and Sharma is the fund manager at Nippon India Mutual Fund. Nippon India Nifty 1D Rate Liquid ETF: Who should invest? According to the SID, the scheme is suitable for investors seeking current income with a high degree of liquidity and investment in Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo predominantly and money market instruments. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fashion Network
03-06-2025
- Business
- Fashion Network
Rupa & Co Ltd Q4 net profit rises 26 percent to Rs 31 crore
Rupa & Company Ltd reported a 26 percent year-on-year increase in net profit to Rs 31 crore ($3.7 million) for the fourth quarter ended March 31, 2025. The company's revenue for the quarter witnessed a 4 percent year-on-year rise to Rs 416 crore. For the full year, the company's net profit stood at Rs 83 crore while net sales for the year stood at Rs 1,239 crore. Commenting on the results, Vikash Agarwal, director at Rupa & Co in a statement said, 'We are pleased to present an overview of our performance for Q4 and FY25. The year was marked by stable topline performance. We achieved a 4% volume growth in Q4 and a 3% volume growth for the full year, driven primarily by sales in our economy and athleisure segments." 'This performance underscores the strength of our brand, the appeal of our product portfolio, and skillful application of our market acumen. Looking ahead, we are confident in reaching new business milestones and delivering innovative products to meet the diverse needs of our customer segments,' he added. Rupa & Company is primarily engaged in the manufacturing, marketing, sales and distribution of innerwear, thermal wear and casual wear.
Business Standard
22-05-2025
- Business
- Business Standard
Rupa & Company climbs after strong Q4 results
Rupa & Company rose 3.39% to Rs 219.70 after the company's net profit rose 26% to Rs 30.6 crore while net sales rose 4% to Rs 415.5 crore in Q4 March 2025 over Q4 March 2024. Sequentially, the company's net profit rose 28% while net sales climbed 31% in Q4 FY25 over Q3 FY25. Profit before tax (PBT) stood at Rs 41.6 crore in Q4 FY25, up 26.06% year-on-year and up 26.44% QoQ. EBITDA for Q4 stood at Rs 45.9 crore, up 14% YoY and 21% QoQ. The EBITDA margin came in at 11%, lower than the 12% in Q3 FY25, but higher than 10.1% in Q4 FY24. For the full year, net profit rose 19% to Rs 83.3 crore while net sales increased 2% to Rs 1239.3 crore in the year ended March 2025 over the year ended March 2024. PBT rose 19.22% year-on-year to Rs 112.9 crore in FY25 over FY24. EBITDA rose 11% to Rs 130.4 crore in FY25 over FY24. EBITDA margin stood at 10.5% in FY25 as against 9.6% in FY24. The company's net cash from operating activities stood at Rs 58.61 crore in FY25, steeply lower than Rs 155.65 crore in FY24. Commenting on the financial performance Vikash Agarwal - whole time director, said, "We are pleased to present an overview of our performance for Q4 and FY25. The year was marked by stable topline performance. We achieved a 4% volume growth in Q4 and a 3% volume growth for the full year, driven primarily by sales in our Economy and Athleisure segments. This performance underscores the strength of our brand, the appeal of our product portfolio, and skillful application of our market acumen. Exports grew by 24% in FY25, reaching Rs 31 crore and Modern Trade continued to show positive momentum and grew by 17%, in FY25. The revenue contribution from these high-potential areas was 3% and 5%, respectively. Our healthy business performance generated significant free cash flow. Our net cash surplus, including investments, amounted to Rs 24 crore, with operational cash flow of Rs. 59 crore for FY25. Branding and advertising expenses totalled Rs. 63 crore, representing 5% of our overall revenues. Looking ahead, we are confident in reaching new business milestones and delivering innovative products to meet the diverse needs of our customer segments." Rupa & Company is primarily engaged in the manufacturing, marketing, sales and distribution of innerwear, thermal wear and casual wear for men, women and kids segment and serves all sections of the society with its economy, mid-premium, premium and super-premium ranges.
