Latest news with #utilisation
Economic Times
3 days ago
- Business
- Economic Times
Ganga Bath Fittings IPO opens today: Check GMP, price band and other details
About the company Live Events Financial performance IPO proceeds and utilisation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Ganga Bath Fittings opened for subscription on June 4 and will remain open till June 6. The SME issue aims to raise Rs 32.65 crore through a fresh issue of 66.63 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June IPO is being offered in a price band of Rs 46 to Rs 49 per share. The minimum lot size is 3,000 shares, translating into an investment of Rs 1.47 lakh for retail investors. Jawa Capital Services is the lead manager to the issue, while KFin Technologies is the in 2018, Ganga Bath Fittings is engaged in the manufacturing and supply of a wide range of bathroom accessories. Its product portfolio includes CP taps, ABS showers, PTMT taps, sanitary ware, door handles, vanities, and sinks. The company markets products under in-house brands such as Ganga, Glimpse, Stepian, and Tora, and also engages in OEM manufacturing facility is located in Shapar-Veraval, Gujarat, and the company has ISO 9001:2015 certification for quality management. Ganga Bath Fittings operates through a network of over 2,500 distributors and offers more than 400 SKUs across three major business company has shown steady growth in revenue and profitability. For the nine months ending December 2024, it posted revenue of Rs 32.31 crore and a net profit of Rs 4.53 crore. In FY24, full-year profit stood at Rs 2.48 crore on revenue of Rs 32.01 company intends to use the IPO proceeds for purchasing new equipment and machinery, repaying certain borrowings, meeting working capital requirements, and for general corporate strong brand recognition in the sanitaryware sector and a growing distribution network, the company hopes to capitalise on rising demand driven by urbanisation and real estate development. Investors will be closely watching the subscription trend over the next three days to assess sentiment for this SME issue.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
23-05-2025
- Business
- Economic Times
HFCL shares rise 3% after Q4 results; expects 25–30% revenue growth in FY26
HFCL shares rose 3% to Rs 87 in intraday trade on Friday on the BSE after the telecom and defence equipment maker reported its Q4FY25 earnings. The company posted a net loss of Rs 81.4 crore, compared to a profit of Rs 110 crore in the same quarter last year, mainly due to weak demand for optical fibre cables (OFC). ADVERTISEMENT Revenue for the quarter declined 39.6% year-on-year to Rs 800.7 crore, from Rs 1,326 crore a year ago. EBITDA turned negative at Rs 36 crore, against a positive EBITDA of Rs 195.5 crore in the year-ago period. The board has approved a 10% dividend of Rs 0.10 per equity share for FY25, subject to shareholder approval at the upcoming annual general meeting. Despite financial challenges, HFCL Managing Director, Mahendra Nahata remained optimistic, "FY25 was a year of both strategic advancement and transitional challenges. While our financial performance was impacted by the downturn in optical fibre cable demand, margin pressure from newly-launched telecom products, and slower customer offtake in our EPC business, we remained focused on strengthening the foundations for long-term growth." Also Read: Adani vs Pakistan: One Indian company bigger than entire Pakistan! Harsh Goenka gives some stats HFCL expects strong revenue growth in FY26, supported by improving domestic and global demand for optical fibre and OFC. ADVERTISEMENT Nahata noted that the fibre manufacturing plant, which was operating at 45% capacity, is now running at full capacity. The OFC plant, previously at 40% utilisation, is expected to hit full capacity by July company also expects contributions from the defence segment starting Q2FY26, amid growing interest in ground surveillance radar, electronic fuses, and a newly developed drone detection radar slated for production this year. HFCL recently secured a Rs 44.36-crore tactical cable order from the Indian Army through its subsidiary HTL Limited. ADVERTISEMENT With a strong order book and full capacity utilisation, HFCL is targeting 25–30% revenue growth in FY26.\ Also read: Honasa Consumer shares skyrocket 12% on reporting 13% YoY revenue growth in Q4 ADVERTISEMENT Additionally, HFCL has appointed Bhunvesh Sachdeva as Senior Vice President – International Sales for its communication products business, effective May 22, 2025, following the recommendation of the Nomination, Remuneration, and Compensation Committee. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Broadcast Pro
16-04-2025
- Business
- Broadcast Pro
Mediagenix wins big at 2025 NAB Show with triple award recognition
Ivan Verbesselt, Chief Strategy & Marketing Officer at Mediagenix, said: 'We are honoured to receive these three prestigious awards, which highlight our relentless focus on innovation and customer success. AI-driven solutions like our Humanized Semantic Search and Scheduling Automation enable us to deliver the right content to the right audience at the right time, addressing the complex challenges of an evolving media landscape with simplicity and efficiency, while Strategic (Content) Planning is a world-leading solution that significantly improves the strategic planning efficiency of our customers. These awards reinforce our position as a trusted partner to the media industry, committed to driving success through cutting-edge solutions.' The company's Scheduling Automation platform also earned a Product of the Year Award in the Artificial Intelligence and Machine Learning category. Designed to simplify and accelerate the channel launch process, this solution can help media organisations launch content-rich channels up to 80% faster. Leveraging AI tools like the Smart Content Pool, Scheduling Artist and Continuity Artist, it streamlines scheduling workflows, enhances rights utilisation, and minimises errors — all while integrating monetisation-enhancing recommendations via Spideo's engine. Rounding out the trio of accolades, Mediagenix's Strategic (Content) Planning solution received a Product of the Year Award in the Media Supply Chain, Automation and Management category. This web-native application enables long-term, high-level content planning by visualising channel strategy and improving planning efficiency by over 30%. For media companies, this translates to significant time savings — nearly seven person-days per title — and better management of content ROI. Judged by industry experts for innovation, practical application and value, the NAB Show awards showcase standout products shaping the future of media and entertainment. Mediagenix's triple win signals a clear recognition of its cutting-edge approach and its ongoing mission to empower broadcasters, streamers, and media organisations with transformative, scalable solutions. Verbesselt added: 'At Mediagenix, we're not just innovating—we're empowering our clients to reimagine their workflows, unlock new revenue streams, and take their operations to the next level. This recognition inspires us to continue delivering solutions that drive success in a rapidly evolving industry.'
Zawya
27-02-2025
- Business
- Zawya
TWMA announces 18% rise in Q4 revenue to $18mln
Specialist drilling waste management company, TWMA, has reported a revenue of $18 million and EBITDA of $5 million for the fourth quarter of 2024. In revenue terms, this is 13% higher than the previous quarter and a year-on-year increase of 18%. EBITDA from continuing operations was $5 million for the quarter compared to $4.9 million in Q3 and $3.7 million in Q4 2023. For the full year, TWMA delivered revenue of $64.4 million and an EBITDA of $18.5 million. This compares to revenue of $54.8 million and an EBITDA of $13.4 million in 2023, representing an increase of 17.5% and 38.1%, respectively. This follows TWMA's announcement that it had secured a two-year contract extension to its existing operations on the 'Upper Zakum' field, as well as the provision of additional personnel and equipment for skip and ship services on up to 10 jack-up rigs. With construction on the recently announced major onshore facility also starting in February 2025, TWMA is expected to receive the first cuttings on site by Q3, and soon thereafter it will start processing the drilling waste using its pioneering RotoMill technology. While Offshore UK saw an expected decrease in activity in H2 2024, TWMA processed record levels of slops and drill cuttings in the North Sea. Steps have been made to increase the onshore processing capacity by a further 30% in 2025 in preparation for increased decommissioning demand. Global utilisation of TWMA's RotoMill technology increased by 4% from the previous quarter, reaching 64%. Annual utilisation of the RotoMill assets was 66% compared to 64% in 2023. TWMA Chief Executive Officer, Halle Aslaksen, said: 'I am pleased to report our fourth quarter results which exemplify the increased demand for our offshore drilling waste management solutions. This quarter has been a period of significant progress and strategic decision making for the group. 'Looking to 2025, our focus will be exploring opportunities with existing key clients as they branch out into new international markets where tightening regulations are driving demand for advanced drilling waste management solution,' Aslaksen said. – Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-02-2025
- Business
- Trade Arabia
TWMA announces 18% rise in Q4 revenue to $18m
Specialist drilling waste management company, TWMA, has reported a revenue of $18 million and EBITDA of $5 million for the fourth quarter of 2024. In revenue terms, this is 13% higher than the previous quarter and a year-on-year increase of 18%. EBITDA from continuing operations was $5 million for the quarter compared to $4.9 million in Q3 and $3.7 million in Q4 2023. For the full year, TWMA delivered revenue of $64.4 million and an EBITDA of $18.5 million. This compares to revenue of $54.8 million and an EBITDA of $13.4 million in 2023, representing an increase of 17.5% and 38.1%, respectively. This follows TWMA's announcement that it had secured a two-year contract extension to its existing operations on the 'Upper Zakum' field, as well as the provision of additional personnel and equipment for skip and ship services on up to 10 jack-up rigs. With construction on the recently announced major onshore facility also starting in February 2025, TWMA is expected to receive the first cuttings on site by Q3, and soon thereafter it will start processing the drilling waste using its pioneering RotoMill technology. While Offshore UK saw an expected decrease in activity in H2 2024, TWMA processed record levels of slops and drill cuttings in the North Sea. Steps have been made to increase the onshore processing capacity by a further 30% in 2025 in preparation for increased decommissioning demand. Global utilisation of TWMA's RotoMill technology increased by 4% from the previous quarter, reaching 64%. Annual utilisation of the RotoMill assets was 66% compared to 64% in 2023. TWMA Chief Executive Officer, Halle Aslaksen, said: 'I am pleased to report our fourth quarter results which exemplify the increased demand for our offshore drilling waste management solutions. This quarter has been a period of significant progress and strategic decision making for the group. 'Looking to 2025, our focus will be exploring opportunities with existing key clients as they branch out into new international markets where tightening regulations are driving demand for advanced drilling waste management solution,' Aslaksen said. – TradeArabia News Service
