Khambatta Securities Broker Research reports

Krsnaa Diagnostics Limited (KDL) reported robust business growth in 2Q FY25. The company has its growth projection of 25% for the financial year.

Sharda Cropchem Limited (SCL) reported solid growth in 2Q FY25 as revenues increased by 33.8% y-o-y to Rs 776.9 crore. A volume growth of 21% y-o-y was driven by strong performance at the agrochemical segment with Europe being the key contributor.

Home First Finance Company (HFFC) reported strong 2Q FY25 results with continued momentum in disbursals (Rs 1,177 crore, +22.7% y-o-y, +1.2% q-o-q).
AUM exhibited robust growth to reach Rs 11,229 crore (+34.2% y-o-y, +7.2% q-o-q).

Century Plyboards (India) Limited (CPIL) reported a healthy top-line of Rs 1,005.4 crore (+12.8% y-o-y) in 1Q FY25, driven by volume expansion in MDF (+29.0% y-o-y) and Plywood (+13.4% y-o-y). Laminates (-6.7% y-o-y) and Particle Board (-2.8% y-o-y) segments saw volume de-growth.

Krishna Institute of Medical Sciences (KIMS) reported healthy y-o-y growth in 1Q FY25 with consolidated operating revenues increasing by 13.8% to Rs 693 crore.
Calculated blended occupancy rate (basis total bed capacity) was 49.8% in 1Q FY25, compared to 51.4% in 4Q FY24.

Varroc Engineering reported 5.2% y-o-y growth in 1Q FY25, driven by strong growth in India offsetting the decline in overseas operations.
Quarterly EBITDA (excl. MTM FX impact) declined 4.3 % y-o-y as EBITDA margin slid 90 bps y-o-y to 9.1%.

Subros reported healthy y-o-y revenue growth of 16.8% in 1Q FY25, led by an increase in volume and additional revenue generation due to Start of Production (SOP) of rail coach air-conditioning during the quarter.
Quarterly EBITDA increased 63.4% y-o-y while EBITDA margin expanded 272 bps.

Emami’s healthy sales growth during the quarter is attributable to robust domestic volume growth and a hot summer. Demand witnessed a sequential improvement in the 1Q FY25, particularly in rural markets, as the company also launched 8 new products.

Krsnaa Diagnostics Limited’s (KDL’s) business growth remained healthy on a y-o-y basis. That said, the growth was lower than expectations.

Incorporated in 1984, EFC (I) Limited is a real estate management company headquartered in Pune. The company provides managed office spaces for startups, small and medium-sized businesses, and large corporations.