Latest news with #non-South
Mint
08-08-2025
- Business
- Mint
Kalyan Jewellers share price crashes 9% despite a 49% jump in Q1 profit. Should you buy the stock?
Kalyan Jewellers' share price crashed over 9 per cent in the morning trade on the BSE on Friday, August 8, a day after the company reported its June quarter (Q1) results. The stock opened at ₹ 615.65 against its previous close of ₹ 590.75 and crashed 9.4 per cent to hit an intraday low of ₹ 534.95. Around 10:50 AM, the jewellery stock traded 6.90 per cent down at ₹ 550. Kalyan Jewellers' share price crashed despite the company reporting healthy year-on-year (YoY) growth in consolidated profit and revenue for Q1FY26. Kalyan Jewellers' consolidated profit after tax (PAT) for Q1FY26 was ₹ 264 crore, up 49 per cent against the profit of ₹ 178 crore in the same period in the previous financial year. PAT margin inches up to 3.6 per cent from 3.2 per cent YoY. The company's consolidated revenue of ₹ 7,268 crore was up 31 per cent year over year. In Q1FY25, it was ₹ 5,528 crore. EBITDA for Q1FY26 was ₹ 508 crore, up 38 per cent YoY against ₹ 368.4 crore in Q1FY25, while EBITDA margin increased to 7 per cent from 6.7 per cent YoY. Kalyan Jewellers' lifestyle jewellery platform, Candere, recorded a revenue of ₹ 66 crore and a net loss of ₹ 10 crore for Q1FY26. 'We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns,' said Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers. Kalyan Jewellers is one of the largest jewellery retailers in India with a presence in the Middle East and the US. Experts appear largely positive about the stock's long-term prospects due to the company's widespread market presence and healthy growth outlook. Brokerage firm Motilal Oswal Financial Services has a buy call on the stock with a target price of ₹ 700. "We model a 21 per cent, 17 per cent, and 21 per cent revenue, EBITDA, and PAT CAGR, respectively, over FY26-28E. We have largely maintained our EPS (earnings per share) estimates for FY26 and FY27. We reiterate our buy rating with a target price of ₹ 700, based on a 50 times June 2027 price-to-earnings ratio," said Motilal Oswal. Motilal highlighted that, with the successful scaling up of its new franchise businesses and continued success in non-Southern markets, Kalyan Jewellers has established itself as a leading brand in the industry. Motilal believes the company's non-South expansion has improved the studded jewellery mix. The asset-light expansion supports healthy cash flow generation for debt repayment and enhances profitability by reducing interest costs. Brokerage firm JM Financial, too, has maintained a buy call on the stock with a target price of ₹ 700. "We largely maintain our EPS estimates as the benefits of better margins get negated by higher interest costs required for the working capital requirement for the new pilot. Maintain a buy rating on the stock with an unchanged target price of ₹ 700, based on 45 times June'27 EPS," said JM Financial. JM Financial highlighted that Kalyan Jewellers is planning to launch new regional brands for every state, catering to regional demand and increasing the total addressable market by targeting the mass market. JM Financial underscored that the current Kalyan showrooms target more aspirational customers. The new regional brand will target only those customers who are not aspirational and want to continue with the regional taste. While the stock appears to be a long-term buy, some technical experts believe investors should consider taking profits on any bounce. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that Kalyan Jewellers stock is showing signs of weakness on the charts, with heavy volumes observed near the ₹ 620 mark. Kalyan Jewellers technical chart "The stock has faced multiple rejections at this level, reinforcing it as a strong resistance zone. Additionally, the RSI remains below 40, indicating sustained bearish momentum. Traders are advised to book profits on any upward bounce from current levels," said Patel. Read all market-related news here Read more stories by Nishant Kumar
The Hindu
12-05-2025
- Automotive
- The Hindu
Ather Energy loss narrows to ₹234.4 crore in Q4 on better gross margins
Electric two-wheeler maker Ather Energy, which made its debut on stock exchanges early this month, on Monday reported an 18% drop in losses to ₹234.40 crore for the March quarter aided by better gross margins. The company had posted a loss of ₹283.30 crore in the year-ago period. The income from operations during the quarter rose 29.5% to ₹676.1 crore from ₹523.4 crore a year ago, it said. For 2024-25, Ather Energy posted a net loss of ₹812 crore compared to ₹1,059.70 crore a year ago. The company, in a presentation, said it sold 47,411 two-wheelers during the March quarter as against 35,244 units retailed in the corresponding quarter of FY 24, registering a year-on-year growth of 35%. "March quarter saw adjusted gross margin improving by 900 basis points while EBITDA — earnings before income, taxes, depreciation and amortisation — improved by 1,900 basis points. Volumes were robust, and we exited the quarter with strong market share gains at 13.3%, particularly in the south, and in new markets which have ramped up post-Rizta's launch," Ather Energy Chief Financial Officer Sohil Parekh told PTI. Adjusted gross margin for Q4 FY25 stood at 18% as against 9% in the same quarter of the year earlier while EBITDA was seen at negative 23% in the previous quarter vis-a-vis negative 42% in Q4FY24. Together, he said, this reflects not just revenue growth, but healthy discipline and strong fundamentals, laying a strong foundation for the company's path to profitability. Ather's current product portfolio comprises performance-focused 450 series and family-ride Rizta scooters. He said the company expanded its retail footprint by 32% in the March quarter of the previous fiscal alone and thereby closing the year with 351 experience centres across India. This helped drive deeper market penetration, especially in North and West India, where Rizta as a convenient scooter form factor has been gaining share Rapidly, Parekh said. "Our goal is to ensure a strong presence across the non-South markets as well. With the right form factor, we are very bullish about scaling our product portfolio now," he said. Rizta has seen exceptional response since its deliveries began in the second quarter of FY25, adding it now contributes as much as 57% of the Ather stroke volume, at the close of the fiscal, becoming a significant driver of growth in a very short span of time. Its appeal in the family and utility segment has allowed the company to expand its addressable market meaningfully and gain traction in newer geographies like Delhi, Rajasthan, Maharashtra, and Gujarat, he stated. "We enter this FY26 with a lot of optimism. This optimism is based on the last few quarters with already strong growth based on the 450. The Rizta coming in changed our trajectory of growth starting in July of last year and it allowed us to consolidate and solidify our position in the south," said Ravneet Phokela, Chief Business Officer at Ather Energy. 'FY25 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42%, and our continued investments in engineering and R&D delivered a strong improvement in margins," Tarun Mehta, Executive Director and CEO at Ather Energy, said in a statement. Adjusted gross margins doubled, growing by approximately 1,000 basis points and that helped reduce EBIDTA losses by approximately 1,300 basis points Over the preceding year,' he said. 'Our software sales have continued to trend strongly, with 88% of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32% expansion in our pan-India store count," he said. Ather Energy shares closed higher by 3.29% at ₹309.55 per share on BSE on Monday. Ather Energy made its debut on stock exchanges on May 6 after its ₹2,981-crore IPO.
Time of India
12-05-2025
- Automotive
- Time of India
ather energy: Ather Energy Q4 Results: Co's loss narrows to Rs 234.4 crore on better gross margins
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT Electric two-wheeler maker Ather Energy , which made its debut on stock exchanges early this month, on Monday reported an 18 per cent drop in losses to Rs 234.40 crore for the March quarter aided by better gross margins. The company had posted a loss of Rs 283.30 crore in the year-ago income from operations during the quarter rose 29.5 per cent to Rs 676.1 crore from Rs 523.4 crore a year ago, it 2024-25, Ather Energy posted a net loss of Rs 812 crore compared to Rs 1,059.70 crore a year company, in a presentation, said it sold 47,411 two-wheelers during the March quarter as against 35,244 units retailed in the corresponding quarter of FY 24, registering a year-on-year growth of 35 per cent."March quarter saw adjusted gross margin improving by 900 basis points while EBITDA--earnings before income, taxes, depreciation and amortisation-- improved by 1,900 basis points. Volumes were robust, and we exited the quarter with strong market share gains at 13.3 per cent, particularly in the south, and in new markets which have ramped up post-Rista's launch," Ather Energy Chief Financial Officer Sohil Parekh told gross margin for Q4 FY25 stood at 18 per cent as against 9 per cent in the same quarter of the year earlier while EBITDA was seen at negative 23 per cent in the previous quarter vis-a-vis negative 42 per cent in he said, this reflects not just revenue growth, but healthy discipline and strong fundamentals, laying a strong foundation for the company's path to current product portfolio comprises performance-focused 450 series and family-ride Rizta said the company expanded its retail footprint by 32 per cent in the March quarter of the previous fiscal alone and thereby closing the year with 351 experience centres across India. This helped drive deeper market penetration, especially in North and West India, where Rista as a convenient scooter form factor has been gaining share Rapidly, Parekh said."Our goal is to ensure a strong presence across the non-South markets as well. With the right form factor, we are very bullish about scaling our product portfolio now," he has seen exceptional response since its deliveries began in the second quarter of FY25, adding it now contributes as much as 57 per cent of the Ather stroke volume, at the close of the fiscal, becoming a significant driver of growth in a very short span of appeal in the family and utility segment has allowed the company to expand its addressable market meaningfully and gain traction in newer geographies like Delhi, Rajasthan, Maharashtra, and Gujarat, he stated."We enter this FY26 with a lot of optimism. This optimism is based on the last few quarters with already strong growth based on the 450. The Rizta coming in changed our trajectory of growth starting in July of last year and it allowed us to consolidate and solidify our position in the south," said Ravneet Phokela, Chief Business Officer at Ather Energy."FY25 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42 per cent, and our continued investments in engineering and R&D delivered a strong improvement in margins," Tarun Mehta, Executive Director and CEO at Ather Energy, said in a gross margins doubled, growing by approximately 1,000 basis points and that helped reduce EBIDTA losses by approximately 1,300 basis points Over the preceding year," he said."Our software sales have continued to trend strongly, with 88 per cent of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32 per cent expansion in our pan-India store count," he Energy shares closed higher by 3.29 per cent at Rs 309.55 per share on BSE on Monday. Ather Energy made its debut on stock exchanges on May 6 after its Rs 2,981-crore IPO.
Time of India
12-05-2025
- Automotive
- Time of India
Ather Energy Q4 Results: Co's loss narrows to Rs 234.4 crore on better gross margins
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Electric two-wheeler maker Ather Energy , which made its debut on stock exchanges early this month, on Monday reported an 18 per cent drop in losses to Rs 234.40 crore for the March quarter aided by better gross margins. The company had posted a loss of Rs 283.30 crore in the year-ago income from operations during the quarter rose 29.5 per cent to Rs 676.1 crore from Rs 523.4 crore a year ago, it 2024-25, Ather Energy posted a net loss of Rs 812 crore compared to Rs 1,059.70 crore a year company, in a presentation, said it sold 47,411 two-wheelers during the March quarter as against 35,244 units retailed in the corresponding quarter of FY 24, registering a year-on-year growth of 35 per cent."March quarter saw adjusted gross margin improving by 900 basis points while EBITDA--earnings before income, taxes, depreciation and amortisation-- improved by 1,900 basis points. Volumes were robust, and we exited the quarter with strong market share gains at 13.3 per cent, particularly in the south, and in new markets which have ramped up post-Rista's launch," Ather Energy Chief Financial Officer Sohil Parekh told gross margin for Q4 FY25 stood at 18 per cent as against 9 per cent in the same quarter of the year earlier while EBITDA was seen at negative 23 per cent in the previous quarter vis-a-vis negative 42 per cent in he said, this reflects not just revenue growth, but healthy discipline and strong fundamentals, laying a strong foundation for the company's path to current product portfolio comprises performance-focused 450 series and family-ride Rizta said the company expanded its retail footprint by 32 per cent in the March quarter of the previous fiscal alone and thereby closing the year with 351 experience centres across India. This helped drive deeper market penetration, especially in North and West India, where Rista as a convenient scooter form factor has been gaining share Rapidly, Parekh said."Our goal is to ensure a strong presence across the non-South markets as well. With the right form factor, we are very bullish about scaling our product portfolio now," he has seen exceptional response since its deliveries began in the second quarter of FY25, adding it now contributes as much as 57 per cent of the Ather stroke volume, at the close of the fiscal, becoming a significant driver of growth in a very short span of appeal in the family and utility segment has allowed the company to expand its addressable market meaningfully and gain traction in newer geographies like Delhi, Rajasthan, Maharashtra, and Gujarat, he stated."We enter this FY26 with a lot of optimism. This optimism is based on the last few quarters with already strong growth based on the 450. The Rizta coming in changed our trajectory of growth starting in July of last year and it allowed us to consolidate and solidify our position in the south," said Ravneet Phokela, Chief Business Officer at Ather Energy."FY25 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42 per cent, and our continued investments in engineering and R&D delivered a strong improvement in margins," Tarun Mehta, Executive Director and CEO at Ather Energy, said in a gross margins doubled, growing by approximately 1,000 basis points and that helped reduce EBIDTA losses by approximately 1,300 basis points Over the preceding year," he said."Our software sales have continued to trend strongly, with 88 per cent of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32 per cent expansion in our pan-India store count," he Energy shares closed higher by 3.29 per cent at Rs 309.55 per share on BSE on Monday. Ather Energy made its debut on stock exchanges on May 6 after its Rs 2,981-crore IPO.
Economic Times
12-05-2025
- Automotive
- Economic Times
Ather Energy Q4 Results: Co's loss narrows to Rs 234.4 crore on better gross margins
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Electric two-wheeler maker Ather Energy , which made its debut on stock exchanges early this month, on Monday reported an 18 per cent drop in losses to Rs 234.40 crore for the March quarter aided by better gross margins. The company had posted a loss of Rs 283.30 crore in the year-ago income from operations during the quarter rose 29.5 per cent to Rs 676.1 crore from Rs 523.4 crore a year ago, it 2024-25, Ather Energy posted a net loss of Rs 812 crore compared to Rs 1,059.70 crore a year company, in a presentation, said it sold 47,411 two-wheelers during the March quarter as against 35,244 units retailed in the corresponding quarter of FY 24, registering a year-on-year growth of 35 per cent."March quarter saw adjusted gross margin improving by 900 basis points while EBITDA--earnings before income, taxes, depreciation and amortisation-- improved by 1,900 basis points. Volumes were robust, and we exited the quarter with strong market share gains at 13.3 per cent, particularly in the south, and in new markets which have ramped up post-Rista's launch," Ather Energy Chief Financial Officer Sohil Parekh told gross margin for Q4 FY25 stood at 18 per cent as against 9 per cent in the same quarter of the year earlier while EBITDA was seen at negative 23 per cent in the previous quarter vis-a-vis negative 42 per cent in he said, this reflects not just revenue growth, but healthy discipline and strong fundamentals, laying a strong foundation for the company's path to current product portfolio comprises performance-focused 450 series and family-ride Rizta said the company expanded its retail footprint by 32 per cent in the March quarter of the previous fiscal alone and thereby closing the year with 351 experience centres across India. This helped drive deeper market penetration, especially in North and West India, where Rista as a convenient scooter form factor has been gaining share Rapidly, Parekh said."Our goal is to ensure a strong presence across the non-South markets as well. With the right form factor, we are very bullish about scaling our product portfolio now," he has seen exceptional response since its deliveries began in the second quarter of FY25, adding it now contributes as much as 57 per cent of the Ather stroke volume, at the close of the fiscal, becoming a significant driver of growth in a very short span of appeal in the family and utility segment has allowed the company to expand its addressable market meaningfully and gain traction in newer geographies like Delhi, Rajasthan, Maharashtra, and Gujarat, he stated."We enter this FY26 with a lot of optimism. This optimism is based on the last few quarters with already strong growth based on the 450. The Rizta coming in changed our trajectory of growth starting in July of last year and it allowed us to consolidate and solidify our position in the south," said Ravneet Phokela, Chief Business Officer at Ather Energy."FY25 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42 per cent, and our continued investments in engineering and R&D delivered a strong improvement in margins," Tarun Mehta, Executive Director and CEO at Ather Energy, said in a gross margins doubled, growing by approximately 1,000 basis points and that helped reduce EBIDTA losses by approximately 1,300 basis points Over the preceding year," he said."Our software sales have continued to trend strongly, with 88 per cent of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32 per cent expansion in our pan-India store count," he Energy shares closed higher by 3.29 per cent at Rs 309.55 per share on BSE on Monday. Ather Energy made its debut on stock exchanges on May 6 after its Rs 2,981-crore IPO.
