*over or under performance to benchmark index Symphony Ltd and its subsidiaries manufacture and trade in residential, commercial and industrial air coolers in the domestic and international markets. The company operates through two main segments: air coolers and other appliances. It offers residential, packaged and central air coolers. In Q4FY25, Symphony's consolidated revenue grew 47.0% YoY to Rs. 488cr, driven...
Net advances were at Rs. 131,990cr, a 9.0% YoY growth, supported by increase in housing, retail and wholesale banking advances. GNPA and NNPA ratios deteriorated to 4.7% and 1.3% in Q4FY25 from 3.8% and...
Author: Antu Eapan Thomas - Sr. Research Analyst prompting a downward revision of our revenue estimates for FY26E/FY27E by 3%. However, we value the stock at a P/E of 40x on FY27E EPS and maintain...
BPCL has demonstrated resilient financial performance, driven by strong refining performance, a growing gas business and strategic expansion plans. The revival of the Mozambique project and investment in the City Gas Distribution (CGD) business are positive developments. While the company's margin and pricing strategy will be crucial in navigating the volatile crude oil market, its significant capital expenditure...
*over or under performance to benchmark index IGL's dependence on higher-cost alternatives to offset lower APM allocations could impact margins. Although the guidance is bullish, with management aiming for an EBITDA margin of 78/scm in the long term, medium-term profitability risks persistespecially if the company is unable to implement price hikes. The Delhi EV 2.0 policy also remains an overhang, keeping the company out of favor. Therefore,...
At the operating level, EBITDA grew 30.3% YoY to Rs. 338cr in Q4FY25, while EBITDA margin increased a meagre 50bps to 11.6%. Reported PAT rose 34.5% YoY to Rs. 227cr in Q4FY25 from Rs. 168cr in Q4FY24, driven by robust top-line growth. KEI displayed robust financial performance in Q4FY25, marked by strong top-line and bottom-line growth. A favourable industry outlook, coupled with robust *over or under performance to benchmark index domestic and export demand, is expected to have a positive impact on the...
The company holds an order backlog of Rs.3,888cr, equivalent to 1x TTM revenue, ensuring near-term revenue visibility. However, the current NHAI ban and a lack of significant order inflows over the past nine months may adversely affect performance. We wait for further clarity on the subject...
*over or under performance to benchmark index Maruti Suzuki India Ltd. (MSIL) is an automobile manufacturer, in which Japanese car and motorcycle manufacturer Suzuki Motor Corporation owns 56.2%. MSIL is one of...
The EPC segment's revenue grew 46.7% YoY to Rs. 603cr due to effective execution of the RDSS order book. EBITDA rose 34.1% YoY to Rs. 1,025cr and EBITDA margin expanded 100bps to 14.7% owing to profits in the FMEG sector and strong margin in the EPC segment....
Sundram Fasteners Ltd (SFL), established in 1962 and headquartered in Chennai, India, is a flagship company of the TVS Group and a prominent player in the global automotive components industry. The company specializes in the manufacture of high-tensile fasteners(40% of revenue), powertrain components, and precision-engineered products, catering to both automotive and industrial sectors. With exports contributing 30% to its revenue, Sundram Fasteners has a strong presence in key international markets such as the U.S, Europe, and...
