Conference Call with Concord Biotech Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Waste Management company Antony Waste Handling Cell announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Operating Revenue for Q4FY25 of Rs 223 crore; YoY growth of 14% EBITDA for Q4FY25 of Rs 58 crore; YoY growth of 33% EBITDA margin for Q4FY25 stood at 23%; an improvement of ~300 bps YoY Sales of Refuse Derived Fuel (“RDF”) for Q4FY25 reached ~45,200 tonnes, YoY growth of 8% Sales of Compost for Q4FY25 reached ~4,500 tonnes, YoY growth of 165% PAT stood at Rs 46 crore for Q4FY25 compared to Rs 30 crore for Q4FY24 FY25 Financial Highlights: Revenue from Operations rose by 7%, from Rs 894.8 crore to Rs 958.8 crore. EBITDA increased by 9%, from Rs 201.8 crore to Rs 220.2 crore. EBITDA Margin improved slightly from 22.6% to 23.0%. PAT rose marginally by 1%, from Rs 99.9 crore to Rs 100.6 crore. Commenting on the results, Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell, said, “For the quarter ended March 2025, the Company delivered a robust performance, with revenue increasing by 15% year-on-year and EBITDA climbing 33%, supported by enhanced operational efficiency at our WtE plant. Profit before tax (PBT) has nearly tripled, primarily due to significant gains from favourable order of Bombay High court, undeRs coring our commitment to contractual integrity For the full fiscal year 2025, revenue grew by 7% and EBITDA rose by 9% to reach Rs 220.2 crore, resulting in an EBITDA margin of 23%, consistent with our stated guidance. However, PBT before exceptional items declined by 13%, reflecting higher interest and depreciation expenses following the commissioning of our WtE and Construction & Demolition (C&D;) projects. Notably, cash PBT increased by 16% to Rs 188.4 crore, further strengthening our financial flexibility. This strong financial foundation positions us well to consolidate our recent investments in C&D; and WtE technologies and paves the way for accelerated growth in the coming periods. Operationally, we achieved record annual sales for both Compost and Refuse Derived Fuel (RDF), demonstrating the growing momentum of our waste valorisation efforts. In the March quarter alone, RDF sales reached approximately 45,200 tonnes, while Compost sales were around 4,500 tonnes. For the full year, RDF sales rose to about 1,48,000 tonnes and Compost sales nearly doubled to approximately 21,200 tonnes, compared to 1,46,000 tonnes and 10,000 tonnes, respectively, in the previous year. This strong growth highlights our continued focus on converting waste into valuable resources, also reflecting increasing market acceptance and demand for its high-quality, sustainable products. Additionally, our wholly owned subsidiary, AG Enviro, has commenced ward-wise operations under the newly re-awarded contract from the Navi Mumbai Municipal Corporation which will bolster our revenue going forward. This strategic renewal showcases the Company’s strong foothold in the region and reaffirms its proven capability to successfully re-secure and efficiently execute C&T; projects. Antony Waste continues to lead in urban circularity through efficient waste management solutions that transforms waste into resources. Our commitment to sustainability aligns with ESG principles, reduces landfill dependence, and enhances resource recovery. These advancements, coupled with emerging MSW sector opportunities, position us for long-term growth and reinforce our leadeRs hip in responsible waste management and the circular economy. Result PDF
Industrial Goods company Shivalik Bimetal Controls announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Standalone EBITDA for Q4FY25 increased by 24.87% to Rs 26.47 crore from Rs 21.20 crore in Q4FY24. The standalone EBITDA margin also saw an expansion of 422 basis points, reaching 23.17% in Q4FY25 compared to 18.96% in the same period last year. Profit before tax (excluding other income) grew 31.48% YoY to Rs 23.12 crore in Q4FY25, compared to Rs 17.58 crore in Q4FY24. PBT margin expanded by 451 basis points to 20.24% from 15.73% last year. Total Income stood at Rs 114 crore for Q4FY25 compared to Rs 111 crore for Q4FY24 FY25 Financial Highlights: For the full year FY25, PBT stood at Rs 84.70 crore versus Rs 87.74 crore in FY24, with PBT margin steady at 19.37%, reflecting sustained operating leverage despite a modest decline in topline Total Income stood at Rs 437 crore for FY25 compared to Rs 449 crore for FY24 Kabir Ghumman, Managing Director, said: “FY2025 unfolded within a complex macro environment, shaped by asynchronous global recoveries and ongoing inventory adjustments across end-use sectors. Against this backdrop, we maintained a measured execution approach, allowing us to sustain a full-year standalone EBITDA margin of 22.28% and expand our Q4 margin by over 400 basis points year-on-year to 23.17%. Our fourth quarter also saw a 31.5% increase in profit before tax, reflecting steady improvement in operating efficiency and cost management. Shunt Resistors continued to perform well, with double-digit growth in India, Asia, and Europe. These outcomes are aligned with a broader sectoral shift towards smart metering, industrial controls, and electric mobility, segments which provide greater visibility and long-term traction. At the same time, demand moderation in select geographies, particularly the Americas, reinforced the importance of maintaining a balanced portfolio. We are actively enhancing localisation and forward integration efforts, with a view to creating a more resilient and regionally attuned operating model. These efforts are expected to support the next phase of our evolution as we navigate FY2026.” Sumer Ghumman, Whole-Time Director, added: “During FY2025, we focused on strengthening our business fundamentals while adapting to regional shifts in demand. Growth momentum in India, Southeast Asia, and Europe remained encouraging, particularly within the Shunt Resistor product line, while we saw a more subdued environment in traditional bimetal applications, particularly in the Americas. This divergence validates our long-standing diversification strategy. With Shunt Resistors now contributing nearly half of our revenue and new markets expanding our global reach, our revenue profile is more balanced across both product and geography. As we move forward, we remain focused on enhancing our execution capabilities, deepening value addition through select vertical integration, and aligning more closely with evolving global trends and supply chain de-risking. Our core focus also remains on enhancing customer engagement, deepening product customisation, and driving manufacturing agility to support changing application needs across electrification and energy infrastructure. Rajeev Ranjan, Chief Financial Officer, said: “FY2025 was a year of maintaining balance, between protecting margins and adapting to a softer topline environment. Despite a modest 2.72% decline in revenue, we upheld a full-year EBITDA margin of 22.28%, with the fourth quarter showing encouraging traction as margin expanded by over 400 basis points year-on-year to 23.17%. This outcome was supported by consistent gross profitability and prudent cost oversight. Working capital remained well-contained. Despite elevated inventory to support export fulfilment, net working capital days moved only marginally, reflecting the discipline we apply across our operations. Profit After Tax stood at Rs 72.43 crore, translating to a PAT margin of 16.57%, and Return on Capital Employed was a healthy 24.65%, through our continued focus on efficient capital deployment. As we step into FY2026, our approach will remain measured. The broader tailwinds in smart metering, mobility, and digital infrastructure (such as grid modernisation and intelligent energy systems) give us reason to be constructive, while remaining disciplined in execution.” Result PDF
Financial Services company ICRA announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Consolidated revenue from operations increased 9.8% to Rs 136.2 crore for the fourth quarter ended March 31, 2025, compared to Rs 124.0 crore in the corresponding quarter of the previous year. The PAT increased 19.1% to Rs 56.0 crore from Rs 47.1 crore in the corresponding quarter of the previous year. FY25 Financial Highlights: Consolidated revenue from operations increased 11.6% to Rs 498.0 crore for the year ended March 31, 2025, compared to Rs 446.1 crore in the previous year. The PAT for the year ended March 31, 2025 increased by 12.5% to Rs 171.2 crore from Rs 152.2 crore in the corresponding previous year. Commenting on the results, Ramnath Krishnan, MD and Group CEO, ICRA, said: "ICRA has delivered robust growth and demonstrated its resilience even under challenging market conditions. Despite a dip in bond issuances in Q4FY25, our Ratings segment maintained healthy performance. The Research & Analytics segment saw good traction in customised research and risk products. We are strategically investing in technologies, with strong focus on Al and advanced analytics, to drive operational excellence and deliver smarter solutions to our customers. These efforts are integral to our vision of building a future-ready organisation that is agile and equipped to meet the dynamic needs of the market." Result PDF
Realty company Sobha announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total income stood at Rs 12.7 billion for Q4FY25 compared to Rs 7.9 billion for Q4FY24 PAT stood at Rs 0.40 billion for Q4FY25 compared to Rs 0.07 billion for Q4FY24 Collections for Q4FY25 stood at Rs 17.85 billion, registering a 21% QoQ growth and a 7% YoY increase. Quarterly sales value reached Rs 18.36 billion, up 32% QoQ. Sold new area stood at 1.56 mn sq.ft in Q4-25, a 53% increase QoQ. FY25 Financial Highlights: PAT was at Rs 0.41 billion, marking an increase of 88% QoQ and 93% from Rs 0.49 billion in FY24 to Rs 0.95 billion in FY25. Revenue grew by 29% YoY to Rs 41.63 billion in FY25 from Rs 32.18 billion in FY24 Total collections for FY25 reached Rs 61.84 billion. Net debt reduced substantially to Rs -6.3 billion, resulting in a Net Debt-to-Equity ratio of -0.14. Average price realization increased by 23% YoY, reaching Rs 13,412 per sq.ft in FY25. Jagadish Nangineni, Managing Director, SOBHA said, “Q4FY25 reflected steady and encouraging progress for SOBHA, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows. The Rights Issue has further strengthened our financial position, enabling us to stay focused on execution and expansion. With the real estate sector continuing to perform well, we see strong potential in the year ahead. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities. Our unwavering commitment to delivering high-quality homes remains our core focus. As we move forward, SOBHA’s dedication to excellence, innovation, and stakeholder trust will continue to guide our growth and reinforce our position in the sector” Result PDF
Conference Call with Lemon Tree Hotels Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Lumax Auto Technologies announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Strong Q4 Performance: Q4FY25 consolidated revenue reached Rs 1,133 crore, marking a 50% year-on-year growth from Rs 757 crore in Q4FY24 Revenue from OEM customers grew by 7% in Q4FY25 and 13% for the full year, while the aftermarket segment achieved its first-ever double-digit annual growth, increasing by 10% quarter-onquarter. EBITDA increased by 51%, from Rs 110 crore to Rs 166 crore. EBITDA Margin expanded slightly from 14.5% to 14.6%. PBT grew by 74%, from Rs 62 crore to Rs 108 crore. PAT (before minority interest) rose by 55%, from Rs 51 crore to Rs 80 crore. EPS increased from Rs 6.49 to Rs 8.57. FY25 Financial Highlights: Revenue Growth: Consolidated revenue from operations surged to Rs 3,637 crore in FY25, representing a significant 29% increase from Rs 2,822 crore in FY24 Enhanced Profitability: Consolidated profit after tax jumped 37% to Rs 229 crore compared to Rs 167 crore in the previous year EBITDA increased by 25%, from Rs 413 crore to Rs 516 crore. EBITDA Margin slightly declined from 14.6% to 14.2%. EPS increased from Rs 19.10 to Rs 26.08. Commenting on the performance, Anmol Jain, Managing Director, Lumax Auto Technologies, said, "We are pleased to deliver another year of strong financial performance, with our consolidated revenue crossing Rs 3,600 crore and achieving robust profit growth of 37%. Our strategic focus on inorganic growth through targeted acquisitions, including our entry into alternative fuels and the consolidation of our IAC India operations, positions us well for the evolving automotive landscape. The improved EBITDA margins reflect our operational excellence and the synergies we are realizing from our expanded portfolio. As we move forward, we remain committed to leveraging both organic and inorganic growth levers to create sustainable value for all stakeholders." Result PDF
Pharmaceuticals company Wockhardt announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue for Q4FY25 of Rs 743 crore compared to Rs 750 crore in the previous year. QoQ growth of 13% in EBITDA in Q4FY25, EBITDA for Q4FY25 of Rs 79 crore compared to Rs 70 crore in the previous year. FY25 Financial Highlights: Revenue for FY25 of Rs 3,033 crore compared to Rs 2,879 crore in the previous year. YoY growth of 67% in EBITDA in FY25, EBITDA for FY25 of Rs 418 crore compared to Rs 251 crore in the previous year. Result PDF