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Business Standard
28-05-2025
- Business
- Business Standard
Here's why Bharat Dynamics shares were under pressure on May 28; details
Bharat Dynamics share price: Defence company Bharat Dynamics shares were under pressure on Wednesday, May 28, 2025, with the share dropping 5.90 per cent to hit an intraday low of ₹1,844.10 per share. At 11:46 AM, Bharat Dynamics share was trading 2.36 per cent lower at ₹1,913.60 per share. In comparison, BSE Sensex was trading 0.28 per cent lower at 81,324.55 level. Why were Bharat Dynamics shares under pressure today? Bharat Dynamics shares dropped in trade today after investors booked profit in the stock after mixed March quarter of financial year 2025 (Q4FY25). Bharat Dynamics profit, or bottomline, dropped 5.5 per cent Y-o-Y to ₹273 crore from ₹289 crore a year ago. However, the company's topline, or revenue from operations, zoomed 108 per cent Y-o-Y to ₹1,777 crore in Q4FY25, from ₹854 crore in Q4FY24. At the operating front, Bharat Dynamics earnings before interest, tax, depreciation and amortisation (Ebitda) fell 5.5 per cent year-on-year (Y-o-Y) to ₹298.96 crore in Q4FY25, from ₹316.4 crore in the same quarter previous fiscal year (Q4FY24). Ebitda margin, too, contracted. It squeezed 2,020 basis points (bps) to 16.8 per cent in Q4FY25, as against 37 per cent in Q4FY24. Bharat Dynamics dividend The Board of Directors of the company have recommended a final Dividend of ₹0.65 per share (face value of ₹5 each) for the year ended March 31, 2025. 'This dividend upon approval by the shareholders at the ensuing Annual General Meeting(AGM) will be paid within 30 days from the date of AGM,' the company said. Nuvama on Bharat Dynamics Q4 results According to analysts at Nuvama Institutional Equities, Bharat Dynamics (BDL) delivered a robust Q4FY25 performance, with top-line growth of 108 per cent Y-o-Y, setting a strong foundation for continued momentum into FY26. Order inflows for FY25 stood at approximately ₹6,700 crore, taking the total order backlog to ₹22,800 crore—about 7x FY25 revenue—offering solid visibility over the next 3–4 years. However, analysts believe timely execution will be critical to sustaining growth going forward. Thus, Nuvama maintained its 'Buy' rating, factoring in a ~60 per cent revenue CAGR over FY25–27E and operating margins of 22–23 per cent, supported by backward integration and easing of supply-side constraints—particularly in critical imports like chips and warheads—which had hampered execution in earlier quarters (with notable recovery in H2FY25). Analysts also revised their FY27E EPS upward by 6 per cent and assigned a higher valuation multiple of 45x (up from 35x) on the revised EPS estimate of ₹50.1, arriving at a new target price of ₹2,250 (previously ₹1,650). About Bharat Dynamics Headquartered in Hyderabad, Bharat Dynamics was established on 16 July 1970 as a Public Sector Undertaking under the Ministry of Defence, Government of India. Conceived as the manufacturing hub for guided missile systems and allied equipment for the Indian Armed Forces, Bharat Dynamics has since evolved into a critical pillar of India's defence infrastructure. Over the decades, it has collaborated extensively with the Defence Research and Development Organisation (DRDO) and foreign Original Equipment Manufacturers (OEMs) to supply a wide range of missiles and associated systems. The company now stands among the few global players equipped with state-of-the-art facilities for the production of guided missiles, underwater weapons, airborne defence systems, and more. It also provides life cycle support, refurbishment, and life extension services for vintage missile systems. BDL has transitioned from a missile manufacturer to a comprehensive Weapon System Integrator, offering end-to-end solutions to the Indian Armed Forces. With four operational manufacturing units—three in Telangana (Hyderabad, Bhanur, and Ibrahimpatnam) and one in Visakhapatnam, Andhra Pradesh—the company is expanding its footprint with a new facility under development in Amravati, Maharashtra. In partnership with DRDO, BDL produces a variety of indigenous systems, including the Akash Surface-to-Air Missile and heavyweight and lightweight torpedoes, the latter of which are also being exported. Looking ahead, BDL is set to manufacture the cutting-edge 'Beyond Visual Range' Astra Weapon System, further strengthening its position as a key contributor to India's defence self-reliance.
Yahoo
23-05-2025
- Business
- Yahoo
Q3 2025 Lakeside Holdings Ltd Earnings Call
Henry Liu; Co-Founder, Chairman of the Board of Directors and Chief Executive Officer; Lakeside Holdings Ltd Operator Thank you for standing by and welcome to the Lakeside Holding Limited fiscal 2025 third quarter and nine month earnings conference call. Please note that today's call is being recorded. I will now turn the meeting over to Matthew Abanante, investor relations for Lakeside Holding Limited. Thank you and thanks to everyone joining us today for Lakeside Holding Limited's earnings conference call to discuss our financial results for the third quarter in nine months of fiscal year 2025. Please note that our earnings press release was issued last week, and our quarterly report on Form 10-Q was filed with the Securities and Exchange Commission. Both documents are available in the investor relations section of our website at Joining me on the call today is Henry Liu, Chief Executive Officer of Lakeside Holding Limited. Before we begin, I would like to review the safe harbor statement. Please be aware that today's discussion will contain forward-looking statements that reflect our current expectations and views of future events. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, is, are likely to potential, continue, or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. These forward-looking statements involve various risks and uncertainties. For a detailed discussion of these risks and uncertainties, please refer to our filings with the SEC, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements. And with that, I would like to hand the call over to Henry Liu, Chief Executive Officer of Lakeside. Henry, please go ahead. Henry Liu Good afternoon, Matt, and thank you everyone for joining us today. We appreciate you taking the time to participate in our physical 2025, third quarter and the nine month earnings conference call. This period has been a dynamic one for the site marked by challenges in our established markets and existing progress in our new strategic ventures. We are navigating a shifting global landscape with a clear focus on long term growth and the shareholder value. And I am pleased to share our progress and outlook with you, our valued shareholders. Reflecting on the first nine months of physical 2025, we reported total revenues of $11.48 million for the nine months ended March 31, 2025. Well, this represents a decrease from the $13.53 million record in the same period of last year. It's important to contextualize these figures. Our traditional cross-pounder free solutions operated through American Bey Logistics saw revenue of $10.76 million for the nine months. Compared to the $13.53 million in the premier year. This decline is primarily attributable to the normalization of global shipping demands and the persistent pricing pressures with the freight sector. Attended observed across the industry. For the third quarter, fiscally, total revenues were $3.18 million compared to the $4.46 million in the third quarter of 2024. With our cross-bound free solutions contributing $3.31 million. Despite these headwinds in the freight segrement, we are particularly encouraged by the initial performance and the strategic importance of our recent expansion into the pharma surgical distribution sector. Following our acquisition of Huan Pharmaceutical, Hubei company in November 2024, this new segrement has already begun to contribute our top line, generating $715,362 in revenue for the nine months ended in March 31, 2025 and $497,276 in the third quarter alone. This is a testament to the significant growth opportunities we see in Chinese pharmaceutical market. We are actively working to integregate Huiyu Pharmaceutical into our border operations, aiming to unlock synes and expand our service offerings. Our gross profit for nine months stood at $1.20 million, and for the third quarter, it was $0.72 million. The decrease from per year periods reflects the phhemoreal pressure in freight markets. Operating expense for the nine months total $5.6 million and for the third quarter, $1.8 million. These figures include investment related to our expansion, such as selling expense of $158,117 for nine month period period of like $103,630 for the third quarter, which were not present in the pre-year. As well as increase the general and administrative expense associated with our growth initiatives and the public company operations. Consequently, we record a loss from operation of $4.40 million from the nine months and $1.10 million for the third quarter. Our net loss attributable to the company for the nine months was $4.35 million or $0.58 per share. And for the third quarter, it was $1.07 million or $0.14 per share. Well, these results reflect the current market conditions and our ongoing investments. We are taking a proactive steps to manage cost, optimize our existing operations, and the drive towards profitably the successful completion of our initial public offering on July 1. 2024, which raised the growth process of aromatically $6.75 million, has prodded us with the necessary capital to fill our strategy initiatively. Initiatives Furthermore, the convertible debit financing agreement for up to $4.5 million announced in March 2025 will provide additional working capital to support the growth of our medical distribution business and for general corporate purpose, further strengthening our financial flexibility. Looking at a broader macroeconomic environment, we are closely monitoring developments in international trade relations, particularly the ongoing tariff discussions between the United States and China. Recent single signals suggest a potential easing of tensions with a tariff. Choose offering a degree of caution or optimism for the global markets. Well, the situation remains fluid and the current agreement is more of a oppose than a comprehensive resolution. Any execution is a positive sign for global trade flows. As a company with significant focus on the Asian Pacific markets, particularly the US China trade line, we will this development with hopefully a typicalation, a more stable and predictable trade environment would and adaptable benefit our cross-bound logistics operations and create a more favorable back back job for our extension efforts in China. We remain angio and prepared to adapt our strategies as the situation involves, always with the goal of the mitigating risk and capitalizing our emerging op opportunities. Our strategic objectives for the remainder of physical 2025 and beyond are clear. First, we are committed to aggressively expanding our footprint in China. Pharmaceutical distribution market. This involves integregating coupon film is suitable. Seamlessly, actively pursuing new distribution agreements and boarding our product portfolio. We are already progressing in discussion with major Pharmaceutical pro pro procedures such as Kelun pharmaceutical and are excited about the potential in this high growth sector. Second, we will continue to optimize our cross-bound logistics service. Well, the market is challenging. American Bear Logistics has a strong reputation and a resilient customer base. We will focus on providing high volume, customized solutions, and adapting the involving needs of our of our clients in Asian Pacific to US trade line. Third, we will diligently manage our capital and resources, ensuring that our investments are directed towards initial initiatives that promise the highest return and con contribute to suitable long term shareholder value. In condition while the past nine months have presented a complicated, complex operating environment, we are confident in our strategic direction. Diversing into the pharmaceutical sector, coupled with our established advertise in cross-boundary logistics and our strate and financial position post IPO positions lakeside for a promising future. We are building a more resilient and diversified business to capitalize on growth opportunities in cap markets. We remain optimistic about navigating the current challenges and delivering value to our shareholders. I want to thank our dedicated team for their hard work and commitment during this transformative period. I also want to thank our shareholders for your continued support and confidence in Lakeside. With that, I will now turn the call over the operator to begin the question and answer session. Thank you, Henry. We will now move to the question and answer portion of the call. Thank you to everyone who have submitted questions. Can you elaborate on the early synergies you're seeing from Huiyu Pharmaceutical and how you envision this segment driving Lakeside's growth in the rapidly expanding Chinese healthcare market, especially given your efforts with companies like Kloon Pharmaceutical. Henry Liu Thank you for that question. We are indeed very pleased with the initial contribution from Huiyu Pharmaceutical. Theoretically, this accusation is a Cornerstone of our diversification and growth strategy. The early synergies are manifesting in a few key areas. First, we are leveraging our existing logistics appetite to optimize Huan's supply chain and the distribution network with China, which is a complex but highly rewarding market. Second, our established relationships and understanding of the Asian Pacific religion are providing beneficial as we navigate the regulator landscape and build the partnerships. Our discussions with major players like Cunnam. Pharmaceutical are progressing. And these are aimed at securing significant distribution agreements that will allow us to tap into the substantial demand for high quality pharmaceutical products. The Chinese healthcare market is on a significant growth trajectory driven by an aging population, increasing health. Awareness and government investment in healthcare infrastructure. We believe Huiyu Pharmaceutical supported by lake size border cap capabilities and the financial strengths is Exceptionally well positioned to capture the meaningful. Share of this growth, becoming a significant divert to driver to revenue and profitability for Lakeside in coming years. We see this as a long term value character for our shareholders. Regarding the cross-border freight business, while the market has seen some headwinds, American Bear Logistics has a long standing presence. Can you speak to the specific strategies Lakeside is employing to maintain competitiveness and serve your customers effectively in the Asia Pacific to US trade lane during this period of market adjustment? Henry Liu That's a very relaxing question. The cross-bound freight market has certainly seen a shift from extraordinary conditions of the past few years. However, American beer logistics has a deep understanding of Asian Pacific to US trade line build over many years. Our strategy to maintain competitiveness focus on a few core pillars. First, we are emphasizing customized high volume logistics solutions rather than com competiting solar on price for the commanized freight. Our advertise in handling com complex shipments and providing end to end service is a key differentiator. Second, we are leveraging techno techno to enhance efficiency, improve visibility for our customers, and optimize our operations. This includes investment in our digital platforms and data analysis cap capabilities. Third, we are maintaining strong relationship with our carrier partners and customers, allowing us to adapt quickly to change needs and secure capacity. While the overall market has softened, there are still specific niches and customers agreements that require the speci specificize the service we offer. Our our focus is serving this sacraments is exceptionally well, managing our cost diligently and ensuring that American bear's logistics remain a reliable and profitable contributor to lakeside, even as we grow our pharmaceutical businesses. And our last question, can you share your long-term vision for the company and how the new pharmaceutical venture is expected to create sustained shareholder value over the next few years? Henry Liu Our long term vision for Lakeside is build up. Diversified and resilient global supply chain solutions provider with a strong presence in high growth markets, particularly in Asian Pacific region. The integration of our established cross-bound logistics advertise with our new rapidly expanding. The pharmaceutical distribution businesses in China is central to this region. We see these two segments as a complementary. The logistics business provides stable cash flow, deep market knowledge, and operational excellence. Well, the pharmaceutical business offers significant growth potential in non cyclical industry. Over the next few years, we aim to achieve several key milestone. Firstly, to significantly scale our Pharmaceutical distribution operations in China becoming a recognized player in the in that market. Secondly, To continue optimizing our logistic business, focusing on profitability and high value services. Thirdly, to explore further strategic opportunities, whether organic or inorganic and align with our core competencies and market focus. We believe this multi pronged approach will lead to more con cons consistent revenue growth, improved pro profitability with a stronger, more diversified business model. Our commitment is to translate this operational success into sustained long term value for our shareholders by growing our earnings, strengthening our market position and maintaining transparent communication about our progress. Thank you, Henry, and thank you everyone for participating on today's call. We look forward to providing additional updates in the near future. In the meantime, we can be reached at 347-947-2093 or you can email me at matthrew@ Thank you, everyone. Operator Ladies and gentlemen, this concludes our conference for today. Thank you for your participation. We may now disconnect. Sign in to access your portfolio
Express Tribune
15-05-2025
- Politics
- Express Tribune
Rs21b 'Suthra Punjab' project stalls
No effective waste management framework has been introduced in the past five months. photos: express The ambitious "Suthra Punjab Program," launched to overhaul sanitation services in Dera Ghazi Khan Division, has come under heavy criticism for its failure to deliver on promises, despite an annual expenditure of Rs21 billion. Five months after a four-year, Rs84 billion contract was awarded to a private firm for providing sanitation services across 12 tehsils in five districts, no effective waste management framework or essential machinery has been introduced. The lack of infrastructure and planning has led to garbage being dumped in open fields rather than designated sites, with dust storms further scattering waste into nearby agricultural areas. Affected regions include Choti, Paighah, Chak Barmani, Chak Buzdar, Taunsa, and others. Public frustration is mounting. Residents such as Dr Abbas Khan Barmani, Ghulam Abbas Gorchani, and Muhammad Bilal voiced their grievances to The Express Tribune, lamenting that the Board of Directors (BoDs) of the DG Khan Waste Management Company lacks the authority to enforce any meaningful action. "All powers rest with the Chief Officer," said one resident, calling on higher authorities to intervene. Member of the Provincial Assembly Sardar Mehmood Qadir Khan Leghari questioned the accountability mechanisms of the program. "Why are billions being paid to a contractor who is also using government machinery, and why is no one ensuring compliance with the contract's SOPs?" he asked, urging Punjab Chief Minister Maryam Nawaz Sharif to take immediate notice. DG Khan Waste Management Company CEO Rana Muhammad Shahid Nadeem, who took charge two weeks ago, acknowledged the problems and pledged improvements. "Proper sanitation can only be ensured once sewerage and road infrastructure are upgraded in the initial phase," he stated. Deputy Commissioner Muhammad Usman Khalid highlighted that, for the first time, sanitation work has extended to rural villages and sanitation staff is active in the field. However, he admitted that proper dumping points have yet to be established. He assured that designated dumping sites would be identified and improvements made in accordance with the Chief Minister's vision. Following widespread complaints, Punjab Minister for Local Government Zeeshan Rafiq visited DG Khan and chaired a review meeting at the Commissioner's Office. Attended by local lawmakers, Commissioner Ashfaq Ahmed Chaudhry, and officials via video link, the meeting revealed widespread dissatisfaction with company's performance. Minister Rafiq criticised the company for failing to deploy the full workforce and machinery as per the agreement, and for unauthorised deductions from sanitation staff salaries. "Most of the complaints received by the chief minister are related to the private firm's poor execution," he said, warning that the contract could be cancelled if improvements are not made immediately. Reaffirming the government's intent, the minister said, "The chief minister launched the Suthra Punjab programme to ensure quality sanitation across cities and villages alike. We must work together to make this initiative successful."
Cision Canada
29-04-2025
- Business
- Cision Canada
Empire Life announces 2025 first quarter dividends
KINGSTON, ON, April 29, 2025 /CNW/ - The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends: Empire Life advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation. Established in 1923, Empire Life is a subsidiary of E-L Financial Corporation Limited. The company's mission is to provide expertise and intelligent solutions to help Canadians navigate life with confidence. As of March 31, 2025, Empire Life had total assets under management of $19.6 billion. Follow us on social media @EmpireLife or visit for more information. SOURCE The Empire Life Insurance Company
Yahoo
25-04-2025
- Business
- Yahoo
Develop Fulton unanimously approve $76.8 million bond resolution for project on Woodrow Street
The Develop Fulton Board of Directors unanimously approved a new mixed-use development for affordable housing and commercial space in southwest Atlanta. The board approved a bond resolution for $76.76 million to go to developer Woodfield Acquisitions. The project will be located on Woodrow Street SW and will be called 840 Woodrow. The development is expected to bring 326 mixed-income residential units to Atlanta, as well as affordable commercial space and 'a host of community-focused investments,' according to a spokesman. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] With the bond resolution approved, the project is expected to "help propel vital investment in a rapidly evolving neighborhood and deliver a landmark commitment to affordability and inclusion." The project will also go beyond Atlanta's inclusionary zoning requirements, which are intended to ensure affordable housing is available in new developments. TRENDING STORIES: Man hit by car after fight starts over his girlfriend inside Dunwoody restaurant 'Love & Hip Hop: Atlanta' star Karlie Redd charged with burglary Fired Cobb County high school basketball coaches get their jobs back 840 Woodrow will have 20% of its units designated as affordable with 5% reserved for tenant-based vouchers, according to officials. A spokesman said the project is intended to also expand the city's workforce housing options while 'reflecting its thriving creative landscape.' 'This project represents the best of what we strive for in creating workforce opportunities, needed affordable housing options and landmark community revitalization,' Develop Fulton Chairman Kwanza Hall said in a statement. '840 Woodrow will serve as a cornerstone of equitable development in South Atlanta, catalyzing growth and supporting families, small businesses, and local artists alike.' Develop Fulton also said they expect the property to bring in $640,000 in first-year property tax contributions, 'a significant increase from $15,896.12″ last year for the area. Officials also said 'additional plans include outfitting repurposed shipping containers to serve as designated storefronts to support area startups and local entrepreneurs.' Here are some of what officials called the highlights of the planned property: 66 affordable/workforce housing units with rent limits based on 80% of AMI Subsidized commercial space, including shipping container storefronts for startups and small businesses Adaptive reuse of an existing building into a headquarters and training facility for a local coffee roaster committed to local hiring $1.5 million brownfield remediation to ready the site for redevelopment Public art programming and significant sidewalk and streetscape upgrades More than 500 construction jobs and 40+ permanent jobs created [SIGN UP: WSB-TV Daily Headlines Newsletter]
