Landmark Cars share is back in focus after the company reported a solid operational performance for Q4FY25, buoyed by sustained momentum in vehicle sales and continued expansion of its after-sales network. The company posted a 17.3% year-on-year rise in consolidated revenue from operations to ₹1,525 crore for the quarter ended March 2025.

Strong Vehicle Sales Drive Growth

For the full financial year FY25, Landmark Cars benefited from a 20.9% increase in revenue to ₹5,626 crore. A key driver was the growth in vehicle sales, including commissions from Mercedes-Benz and agency sales models, which jumped 21.1% YoY in Q4 and 23.9% for the full year.

However, the pre-owned vehicle segment saw a sharp decline of 45% YoY in Q4, reflecting ongoing sector-specific challenges. Meanwhile, the after-sales and spare parts segment continued to grow steadily, up 10.8% YoY in Q4 and 10.5% for FY25.

Expansion Phase Winds Down

Following an aggressive expansion drive throughout FY25, Landmark Cars is now shifting focus toward consolidating its network. The company opened 9 new workshops during the year, reinforcing its after-sales infrastructure.

Deliveries of newly launched models—including the Mahindra BE6, XEV 9E, and BYD Sealion 7—also began towards the end of Q4 and are expected to support volume growth in FY26. Going forward, Landmark Cars plans to operationalise its Mercedes-Benz dealership in Patna and a Kia workshop in Hyderabad in Q1FY26.

The firm expects these new centres to help service revenues return to their earlier growth trajectory once they gain operational stability. 

Over the past 12 months, Landmark Cars share has declined by 44%, underperforming the broader market. In contrast, the benchmark Nifty 50 index has gained approximately 5% during the same period.

Landmark Cars Share Price Performance

On April 16, 2025, the Landmark Cars share price opened at ₹421.90, up from its previous close of ₹419.65. By the end of the day, the stock was trading at ₹417.35 on the NSE, reflecting a 0.54% intraday decline.

Despite a recent recovery from its 52-week low of ₹329.80 recorded on April 7, 2025, the stock remains significantly below its 52-week high of ₹809.90 hit on May 2, 2024.

Conclusion

Landmark Cars share enters FY26 amid a transition phase following a period of expansion and new model launches. While challenges persist in the pre-owned vehicle segment, steady growth in vehicle sales and continued development of the after-sales network may influence its long-term performance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The Bombay Stock Exchange (BSE) has decided to issue bonus shares in a 2:1 ratio, offering two new shares for every fully paid-up share held by the shareholders.

Share Issuance Details

• Securities Type: The bonus shares will be equity shares of ₹2 each.

• Issuance Type: This will be a bonus issue, not a rights issue or public offering.

• Total Number of Shares: BSE will issue 27,46,52,718 equity shares, amounting to ₹54,93,05,436.

Why Is BSE Issuing Bonus Shares?

The bonus shares will be issued using the company’s free reserves, which include the Capital Redemption Reserves and General Reserves as of December 31, 2024. This method ensures that the issuance does not involve raising additional capital but is rather a redistribution of existing funds.

Bonus Ratio: The bonus will be issued in a 2:1 ratio, meaning shareholders will receive 2 additional shares for every 1 share they hold.

By issuing bonus shares from its free reserves, the company is redistributing its existing capital to shareholders, increasing the number of shares in circulation.

Typically, companies issue bonus shares to:

1. Enhance Shareholder Value: By increasing the number of shares, existing shareholders get additional shares, effectively increasing their stake in the company. This can lead to higher shareholder satisfaction and better market perception.
2. Improve Liquidity: The increase in the number of shares can make trading in BSE stock more liquid, as there will be a larger pool of shares available for trading. This can attract new investors and make it easier for current shareholders to buy or sell shares.
3. Strengthen Market Position: The capital restructuring plan ensures that BSE is better positioned in the market, as it will have a more attractive stock price due to the higher number of shares and better liquidity.
4. Redistribute Reserves: The bonus shares will be issued using the company’s free reserves, including its Capital Redemption Reserves and General Reserves. This does not involve raising any new capital but is a reallocation of existing funds, ensuring that the company’s financial structure remains healthy without the need for external funding.

When will BSE Bonus Shares be Credited?

The bonus shares are expected to be credited or dispatched to shareholders within 2 months of the Board’s approval, with the final date set for May 29, 2025.

BSE Share Price Performance

On April 16, 2025, the BSE share price opened at ₹5,987.00, up from its previous close of ₹5,958.00. By the end of the day, the stock was trading at ₹5,927.00 on the NSE, marking a 0.52% intraday decline. The stock’s 52-week high of ₹6,133.40 was recorded on January 20, 2025. Its 52-week low of ₹2,115.00 was reached on July 23, 2024.

Conclusion

The issuance of bonus shares is generally seen as a strategic move to enhance shareholder value, improve stock liquidity, and optimise the company’s capital structure. By increasing the number of outstanding shares, companies aim to make their stock more accessible and potentially deliver long-term benefits to shareholders.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Yes Bank share came into the spotlight on April 16 after the bank disclosed a fresh income-tax demand of ₹244.20 crore. The demand was issued by the Jurisdictional Assessing Officer (JAO), Mumbai, as part of a reassessment and rectification process for the assessment year 2016–17.

According to the regulatory filing made by the bank, the tax demand stems from a correction made by the JAO to an earlier reassessment order. The original tax was calculated based on the reported income; however, the revised version recalculates the liability using the assessed income. The updated demand also includes revised interest components under Sections 234A and 234B of the Income Tax Act.

Bank Flags Discrepancies, Plans Appeal

Yes Bank stated that the new demand appeared to be “unsubstantiated” and lacking in clear explanation. The bank said it will immediately file a rectification application and may also appeal the order.

“The bank believes that it has adequate factual and legal grounds to reasonably substantiate its position and does not expect any material adverse impact on its financial, operational or other activities due to the said order,” the bank said in its filing.

Background Of The Case

This latest demand is part of a longer tax proceeding that began with an initial assessment order issued in December 2018 for AY2016–17. That order included various additions and disallowances. A reassessment followed in March 2022, which has now culminated in the current rectification order dated April 15, 2025.

The development also comes close on the heels of another demand notice served to the bank for ₹2,209 crore related to the assessment year 2019–20. In that case, the reassessment concluded without any additions or disallowances, yet the tax department raised a fresh demand. The bank had also contested that order.

Yes Bank Share Price Performance

On April 16, 2025, Yes Bank share price opened at ₹17.60, up from its previous close of ₹17.52. By 02:40 PM, the stock was trading at ₹17.85 on the NSE, reflecting a 1.88% intraday gain.

The stock’s 52-week high of ₹28.55 was recorded on April 29, 2024. Its 52-week low of ₹16.02 was reached on March 12, 2025.

Conclusion

The fresh tax demand has once again brought Yes Bank under scrutiny. While the bank remains confident of a favourable outcome, investors will be closely watching how the matter unfolds. The outcome could influence sentiment around the Yes Bank share price in the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IREDA share advanced on April 16, 2025, following the Indian Renewable Energy Development Agency’s (IREDA) strong Q4 FY25 results. The company reported a net profit of ₹501.55 crore for the quarter ending March 31, 2025, marking a 49% increase compared to ₹337.39 crore in Q4 FY24.

Revenue from operations rose nearly 37% year-on-year to ₹1,905.06 crore. Interest income surged over 40% to ₹1,861.14 crore during the same period, driven by increased disbursements and a growing loan book.

Expenses and Margin Performance

Total expenses increased 41% YoY to ₹1,284.75 crore in Q4 FY25. Despite higher earnings, the full-year net profit margin slipped slightly to 25.14% in FY25 from 25.22% in FY24. The operating margin also declined to 31.01%, down from 33.92% the previous year.

Asset Quality Trends Show Sequential Improvement

Asset quality showed a mixed trend. Net NPA margin rose from 0.99% in Q4 FY24 to 1.35% in Q4 FY25, indicating a YoY deterioration. However, it improved from the 1.5% recorded in Q3 FY25. Gross NPA margin for the quarter stood at 2.45%.

Audit Appointment and Operational Updates

Alongside its Q4 results, IREDA announced the appointment of RM Bansal and Company as the firm’s cost auditor for FY26. The appointment is effective from April 15, 2025.

In an earlier exchange filing, the company reported a 28% YoY rise in its loan book, which stood at ₹76,250 crore for FY25. Loans sanctioned rose 27% to ₹47,453 crore, while loan disbursements grew 20% to ₹30,168 crore.

IREDA Share Price Performance

On April 16, 2025, IREDA share price opened at ₹177.03, up from its previous close of ₹166.98. By 11:58 AM, the stock was trading at ₹176.51 on the NSE, reflecting a 5.71% intraday gain.

Despite a strong monthly gain of over 20%, the stock remains down over 24% in 2025 so far. Its 52-week high of ₹310.00 was recorded on July 15, 2024, while the 52-week low of ₹137.01 was reached on March 17, 2025.

Conclusion

IREDA share reacted positively to robust Q4 earnings, backed by strong revenue and interest income growth. While margin and asset quality saw some pressure, the overall operational performance and loan book expansion suggest continued strength in the company’s fundamentals heading into FY26.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mumbai-based liquor manufacturer GM Breweries Ltd posted a 30% year-on-year decline in net profit for the fourth quarter ended March 31, 2025. The decline was attributed to a rise in input costs, which impacted profitability despite gains in both revenue and operating margins. The company’s board also recommended a final dividend of ₹7.5 per equity share for FY25.

Q4 Financial Performance

GM Breweries reported a standalone net profit of ₹60.5 crore in Q4 FY25, compared to ₹86.6 crore in the corresponding quarter of the previous fiscal year. Revenue for the quarter rose 6% to ₹169.3 crore, up from ₹159.6 crore in Q4 FY24.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased by 17% year-on-year to ₹29 crore. Operating margin stood at 17.2%, an improvement from 15.5% a year ago, indicating better operational efficiency.

Dividend Announcement

The board of directors recommended a final dividend of ₹7.5 per equity share, representing 75% of the face value, for the financial year ending March 31, 2025. The dividend payout is subject to shareholder approval at the upcoming annual general meeting.

Company Overview

Founded in 1981, GM Breweries is a prominent player in Maharashtra’s country liquor market. It manufactures and markets alcoholic beverages under several well-known brands, including G.M. Santra, G.M. Doctor, and G.M. Limbu Punch. The company produces both country liquor and Indian-made foreign liquor (IMFL), targeting the mass-market segment.

GM Breweries operates a manufacturing facility located in Thane, Maharashtra. The company benefits from a robust distribution network within the state, focusing on low-cost, high-volume products aimed at price-sensitive consumers.

Regional Focus and Strategy

The company’s operations are concentrated within Maharashtra, which remains its primary market. This regional focus allows GM Breweries to maintain strong supply chain control and cost efficiencies. It continues to invest in manufacturing automation and capacity enhancement to support volume growth.

GM Breweries Share Price Performance

On April 15, 2025, GM Breweries share price opened at ₹657.00, higher than the previous close of ₹641.90. By the end of the trading session, the share was priced at ₹654.00 on the NSE, reflecting a 1.89% intraday gain. The stock’s 52-week high was ₹1,049.00 on September 17, 2024, while the 52-week low stood at ₹579.95 on March 3, 2025.

Conclusion

GM Breweries ended the March quarter with mixed results, showing resilience in revenue and margins despite cost pressures. The final dividend recommendation underscores stable shareholder returns as the company continues to maintain its position in the Maharashtra liquor market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

CG Power and Industrial Solutions has officially entered India’s semiconductor design space through its newly incorporated subsidiary, Axiro Semiconductor Private Limited. On April 15, 2025, the company inaugurated a fabless semiconductor design centre in Bengaluru, backed by a $36 million investment, according to news reports.

Strategic Entry into Semiconductor Sector

Axiro Semiconductor was incorporated in December 2024 to focus on the development of chip-level solutions for industrial and technology-driven applications. With this launch, CG Power strengthens its commitment to high-tech manufacturing and R&D innovation, targeting sectors such as 5G/6G telecommunications, defence, satellite communications and industrial IoT.

Axiro positions itself as one of India’s first large-scale fabless semiconductor companies, already shipping millions of integrated circuits (ICs) per month to global clients such as Ericsson, Nokia, Hughes and Siemens.

Facility Highlights and Expansion Plans

The new design facility in Bengaluru is equipped with advanced design labs, collaborative workspaces and infrastructure capable of supporting the doubling of Axiro’s R&D workforce by 2026. As a fabless firm, Axiro will focus exclusively on chip design and intellectual property development, while outsourcing chip fabrication to global foundries. This model enables greater scalability, cost efficiency and faster time-to-market.

Inauguration and Industry Presence

The centre’s inauguration was attended by several key representatives from both industry and government. Notable attendees included:

• Sushil Pal, CEO of ISM
• Vellayan Subbiah, Chairman of CG Power and Industrial Solutions
• R. R. Tiwary, Representative from MeitY
• Gauraw Srivastava, Representative from the Department of Telecommunications
• Dr. Naveen Yanduru, CEO of Axiro Semiconductor
• Anshumaan Ravi Swaminathan, Non-Executive Director of Axiro Semiconductor

These stakeholders highlighted the significance of this step toward enhancing India’s footprint in the global semiconductor ecosystem.

Future Outlook and Market Focus

According to company statements, Axiro aims to focus on high-demand areas such as artificial intelligence, automotive electronics and IoT, with plans to develop application-specific integrated circuits (ASICs) tailored to global market requirements. The initiative supports India’s broader semiconductor ambitions under national electronics and digital economy frameworks.

CG Power Share Price Performance

On April 15, 2025, CG Power share price opened at ₹589.90, up from the previous close of ₹572.40. It ended the day at ₹588.50, marking a 2.81% increase on the NSE. The company’s 52-week high was ₹874.70 on October 11, 2024, and the 52-week low was ₹479.25 on April 15, 2024.

Conclusion

With the launch of Axiro Semiconductor’s Bengaluru facility, CG Power has signaled its entry into the advanced semiconductor design space. This move aligns with India’s ambitions to become a major player in the global semiconductor value chain, while enhancing domestic capabilities in chip innovation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Birla Estates, the real estate arm of Aditya Birla Real Estate Ltd (ABREL), reported robust booking values of ₹8,000 crore for FY25—more than double the ₹3,500 crore reported in FY24. The growth was driven by high-value project launches across Gurugram and Bengaluru, according to a company statement released on April 15, 2025.

Major Contributors to FY25 Sales

A major contributor to this performance was Phase I of the Birla Arika project in Gurugram, which alone brought in ₹3,100 crore through the sale of 300 units. The company also cited multiple project launches in Bengaluru as strong drivers of its booking numbers for the year.

In Pune, Birla Estates entered the market with its first project, Birla Punya, a premium residential development located in Sangamwadi. The project carries a revenue potential of ₹2,700 crore. This marks the company’s expansion into another major metropolitan market.

Flagship Project and Upcoming Deliveries

Meanwhile, construction is underway at Birla Niyaara, the company’s flagship development in Worli, Mumbai. With a projected revenue potential of over ₹10,000 crore, the project is expected to be delivered in the next two to three years.

Plans for FY26 and Future Pipeline

For the upcoming financial year (FY26), Birla Estates has 8 launches planned across Mumbai, Pune, the National Capital Region (NCR), and Bengaluru. These launches are part of a broader strategy supported by a project pipeline with a gross development value (GDV) exceeding ₹60,000 crore.

The company noted that it would continue to build on the momentum established in FY25 through strategic expansions in its key real estate markets.

Transformation to Real Estate-Focused Entity

Birla Estates is undergoing a strategic transition into a pure-play real estate company. Formerly known as Century Textiles and Industries, it recently sold its paper division to ITC Ltd for ₹3,498 crore. This divestment aligns with its shift toward real estate development as a core focus area.

ABREL Share Price Performance

On April 15, 2025, ABREL share price opened at ₹1,805.00, up from the previous close of ₹1,786.40. The stock closed at ₹1,848.00, marking a 6.00% gain on the NSE. The stock’s 52-week high was ₹3,140.00 on October 21, 2024, while the 52-week low was ₹1,638.00 on February 28, 2025.

Conclusion

Birla Estates’ strong FY25 performance underscores its growing footprint in India’s real estate market. With significant project launches planned and a robust pipeline, the company is positioning itself as a key player in the sector’s next growth phase.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Quess Corp shares recorded a significant drop on April 15, 2025, closing over 50% lower than the previous session. The decline followed the demerger of 2 of its business units, Digitide Solutions and Bluspring Enterprises. The stock adjustment reflects the separation of these businesses, not any operational or financial setbacks.

The share price dropped due to the exclusion of the value of the two demerged units, Digitide and Bluspring, from Quess Corp’s consolidated valuation. The businesses will now operate as independent companies. Their respective valuations will be determined upon their separate listing on the stock exchanges.

Details of the Demerger

The demerger process was announced in February 2024 and approved by the National Company Law Tribunal. The objective was to restructure Quess Corp into three focused companies, Quess Corp, Digitide Solutions, and Bluspring Enterprises.

The record date for the demerger was April 15, 2025. Shareholders holding Quess Corp stock on that date are eligible to receive equity shares, ₹10 face value each, in both Digitide and Bluspring, subject to regulatory clearances.

The listing dates of the two new entities are yet to be announced, but are expected within the next 2 months.

Post-Demerger Structure and Shareholder Entitlements

Quess Corp will continue operating its core staffing and outsourcing businesses, while Digitide will focus on technology services and Bluspring on facility management. The demerger has created standalone business units, each intended to pursue independent strategies.

Each eligible shareholder of Quess Corp will receive proportionate allotments in the new companies. The shareholding pattern and ratio of distribution will be detailed upon listing of Digitide and Bluspring.

Quess Corp Share Price Performance

On April 15, 2025, Quess Corp share price opened at ₹284.00 on the NSE and closed at ₹298.20, sharply down from its previous close of ₹604.90. This marked a steep 50.70% intraday decline.

The stock’s 52-week high of ₹875.00 was recorded on September 23, 2024. Its 52-week low of ₹272.15 was hit earlier in the day.

Conclusion

The decline in Quess Corp’s share price is a technical adjustment following the demerger of its businesses. There is no underlying negative development. Investors should interpret the move as part of a planned corporate restructuring. The total value of shareholder investment will be better understood once the newly created companies, Digitide and Bluspring, are listed and begin trading independently.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.