Pidilite Industries, a leading maker of adhesives and construction chemicals, sees a 9% growth in Q3FY25 profit, reaching ₹557 crore, while revenue rises 8% to ₹3,368 crore. The company benefitted from improved gross margins and strong demand across key product categories.

Q3 FY25 Result Details

Pidilite Industries, revenue from operations surged 8%, totalling ₹3,368.91 crore, up from ₹3,129.99 crore in the same quarter last year. This growth was supported by robust demand in its adhesives and construction chemicals segments, despite subdued market conditions.

The company’s gross margins improved by 100 basis points, driven by lower input costs. EBITDA for the quarter stood at ₹798 crore, an 8% increase compared to the previous year. The company’s volume growth was strong, with a notable 21.7% rise in business-to-business sales.

In a statement, Bharat Puri, Managing Director of Pidilite, expressed cautious optimism about future demand, expecting improved conditions due to the good monsoon and heightened construction activities.

Pidilite Industries, reported a consolidated net profit of ₹557 crore for Q3FY25, marking a 9% increase year-on-year

Pidilite Ventures Acquires Buildnext Construction Solutions 

In October, the company announced an acquisition of Buildnext Construction Solutions Private Limited, through its subsidiary Pidilite Ventures Pvt. Ltd. Buildnext Construction Solutions is a company engaged in the home design and project management services sector. The acquisition was aimed at expanding Pidilite’s presence in an adjacent business area, enhancing its portfolio.

The deal was concluded in a single transaction without any governmental or regulatory approvals required, and there is no material impact expected from the acquisition on Pidilite’s operations or financials.

Share Price Performance

Pidilite Industries’ share price traded 7.68% higher at ₹2,966.40 at 10:10 AM on the NSE. The stock opened higher at ₹2,800.95 compared to the previous close of ₹2,754.75.

 

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.

Polycab India, a leading manufacturer of wires, cables, and fast-moving electrical goods (FMEG), reported its Q3 FY25 results yesterday, showing a 10.8% uptick in net profit to ₹457 crore, while revenue jumped 20.4% to ₹5,226 crore. The growth was driven by strong performance in the wires, cables, and FMEG segments.

Q3 FY25 Result Details

Polycab India Ltd’s total revenue from operations grew by 20.41%, reaching ₹5,226.06 crore compared to ₹4,340.47 crore in Q3 FY24.

Despite a rise in total expenses by 19.90%, which reached ₹4,634.5 crore from ₹3,865.06 crore a year ago, Polycab saw growth in both its key business segments.

The wires and cables division contributed ₹4,384.63 crore to revenue, up from ₹3,904.1 crore, while the FMEG segment generated ₹423.18 crore, compared to ₹296.18 crore in the previous year.

The company’s posted a 10.8% increase in its consolidated net profit to ₹457.56 crore for the third quarter of FY25, up from ₹412.85 crore in the same period last year.

The company’s strong performance in these sectors underpinned its growth, reflecting solid demand in both domestic and international markets.

Recent Business Development 

In November the company announced that it had emerged as the Lowest Bidder for a significant project awarded by Bharat Sanchar Nigam Limited (BSNL).

The company secured the contract for the “Development, Upgradation, and Operation and Maintenance of the Middle Mile Network of BharatNet” under the Design Build Operate and Maintain (DBOM) model for Package 7, covering Bihar. The total value of the contract was of ₹1,549.66 crore (inclusive of GST).

Share Price Performance

Polycab India’s share price traded 1.21% higher at ₹6,238.70 at 9:35 PM on the NSE. The stock opened higher at ₹6,179.95 compared to the previous close of ₹6,164.35.

 

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.

ITI Limited wins a ₹167 crore contract from the Maharashtra government to establish, operate, and maintain Aaple Sarkar Seva Kendra across various regions. The project aims to enhance digital services and governance, the company said in a press release on the stock exchange.

Contract Details

ITI Limited, India’s first PSU post-independence, has won a ₹167 crore contract from the Rural Development Department of Maharashtra.

The project involves setting up, operationalizing, and monitoring Aaple Sarkar Seva Kendras (ASSK) in the Gram Panchayats across Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati regions. It also includes a one-year maintenance plan.

Empowering Rural Development

Rajesh Rai, Chairman and Managing Director of ITI Limited, expressed his enthusiasm, stating that the project will assist the government in providing efficient and transparent citizen services, fostering rural development.

By deploying e-governance platforms like Aaple Sarkar Seva Kendras, ITI aims to offer accessible and efficient services to citizens, ensuring greater transparency in governance. ITI is also exploring opportunities for similar projects across other states to further leverage its IT expertise in driving digital governance.

Recent Business Development

ITI Limited, India’s first PSU post-independence, has ventured into the Security Systems and Education/ICT sectors with two significant contract wins. The company secured a ₹35 crore contract from Sambalpur University in Odisha for the installation of Wi-Fi and LAN at 80 locations across the university campus.

This project will provide seamless internet and intranet access, along with three years of maintenance services. Additionally, ITI Limited has won a ₹29.14 crore contract from Central Railways in Mumbai to install an integrated security system, including an IP-based video surveillance system at six railway stations. These contracts reflect ITI’s growing expertise and expansion into new domains.

ITI Share Price Performance

ITI share price dropped by 3.88%, trading at ₹352.25 at 4:05 PM on the NSE. The stock opened lower at ₹365.85 compared to the previous close of ₹366.45. This marks the second consecutive day of losses, following a 4.4% decline yesterday.

 

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.

Kaynes Technology India’s board has approved a plan to raise up to ₹16,000 million through equity shares or other eligible securities via public/private offerings, pending shareholder and regulatory approval.

Details of the Board Meeting

In a meeting held on January 22, 2025, Kaynes Technology India Limited’s Board of Directors approved a plan to raise funds amounting to ₹16,000 million.

The company intends to issue instruments or securities, including equity shares, via public/private offerings, preferential allotments, or rights issues, subject to approval from the shareholders and relevant regulatory authorities.

To facilitate this process, a Committee of the Board will be formed to oversee the fundraising efforts. Additionally, a notice will be issued for a shareholder meeting to seek approval for the proposed fundraising initiative.

This move is aimed at strengthening the company’s financial position and enabling further business growth.

Share Price Performance

Shares of Kaynes Technology are down 10% on Wednesday, trading at ₹5,379.85 at 1:50 PM on NSE. The stock had fallen 9% on Tuesday, reflecting a broader sell-off in its peers following recent quarterly results.

As per news reports, there are concerns over valuations, which have made the risk-reward profile less favourable for many companies in the sector.

Kaynes Tech shares have dropped 25% from their recent high of ₹7,822. Despite this decline, the stock is still up over 100% over the past year.

Over the past 5 years, shares of Kaynes Technology have surged by 633%, representing a more than sevenfold increase.

Recent Business Development

Kaynes Technology India Limited has taken a significant step towards advancing railway safety and infrastructure monitoring with the acquisition of a controlling 54% stake in Sensonic GmbH, Austria, through its wholly owned subsidiary, Kaynes Holding Pte. Ltd.

This strategic move reinforces Kaynes Technology’s commitment to innovative and sustainable solutions in the global infrastructure market. Sensonic, renowned for its advanced fiber optic sensing technologies, specialises in applications like track condition monitoring, landslide detection, and AI-powered security enhancements.

 

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.

On January 22, 2025, as of 1:00 PM, the BSE Sensex was up by 0.08% at 75,904.77, while the Nifty50 was down 0.07% at 23,008.80. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

• Infosys Limited

Infosys demonstrated a positive performance, increasing by 2.46%. The growth was likely fueled by continued demand in the IT services sector.

• Wipro Limited

Wipro saw a rise of 2.26%. The company reported stronger-than-expected results for the December quarter after market hours on Friday.

• Tata Consultancy Services Limited 

TCS rose by 2.22%, the company achieved a major milestone becoming the 2nd global IT services brand to cross $20Bn in brand value

• Tech Mahindra Limited 

Tech Mahindra gained 1.96%, The stock has reached a high of ₹1,679.40 and a low of ₹1,635.25 so far today, indicating positive investor sentiment.

• Maruti Suzuki India Limited

Maruti Suzuki India Limited’s share price reached a high of ₹12,078.85 and a low of ₹11,900.05 during the day, reflecting a positive movement with a 1.25% increase.

 

Mid-Day Top Losers

• Bharat Electronics Limited

Bharat Electronics Limited’s share price declined by 4.41%, reaching a low of ₹266.30 and a high of ₹279.30 during the day.

• Tata Motors Limited

Tata Motors Limited’s share price dropped by 3.79%, hitting a low of ₹731.65 and a high of ₹765.45 during the day.

• Trent Limited

Trent Limited’s share price declined by 2.26%, with the stock reaching a high of ₹5,748.00 and a low of ₹5,568.00 during the day.

• Adani Enterprises Limited

Adani Enterprises Limited’s share price fell by 2.31% today, reaching a high of ₹2,399.00 and a low of ₹2,326.85.

• State Bank of India 

State Bank of India’s share price declined by 1.84% today, with a high of ₹763.00 and a low of ₹743.50.

 

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.

Reliance Capital has filed for delisting of its shares and non-convertible debentures with the BSE and NSE as part of the resolution process. IndusInd International Holdings won the ₹9,650 crore bid, adding ₹200 crore to bolster solvency, the company said in a press release on the stock exchange.

As per news reports, once the delisting of shares is completed, cash will be distributed to RCAP debt holders.

Debt Crisis and the Resolution Process

Facing a massive debt burden of over ₹40,000 crore, Reliance Capital had received 4 bids for its resolution. However, the creditors committee rejected the first round of bids due to lower offer prices, leading to a challenging process.

Both IIHL and Torrent Investments entered the contest to secure the acquisition. In November 2021, the Reserve Bank of India (RBI) took charge, superseding the board of RCAP and appointing an administrator to handle the insolvency proceedings.

NCLT Approval and Timelines

The resolution plan by IIHL was approved by the National Company Law Tribunal (NCLT) in February 2024, setting the stage for the completion of the acquisition. The deadline for finalising the transaction was extended to January 31, 2025.

As per news reports, IIHL’s Chairman, Ashok P Hinduja, expressed optimism that most of the regulatory approvals had been processed, and he anticipates the completion of the transaction within the next 4-6 weeks.

RCAP’s Key Assets and Future Plans

Reliance Capital owns a wide range of entities under its umbrella, including Reliance Nippon Life Insurance, Reliance General Insurance, Reliance Money, and more. These assets are expected to be integrated into IIHL’s expanding portfolio.

The divestment of these assets will play a crucial role in the future growth and profitability of the Hinduja Group’s financial services sector.

Reliance Capital Share Price

Reliance Capital’s trading has been restricted due to the ongoing Insolvency and Bankruptcy Code (IBC) process, with the stock suspended for procedural reasons.

It is expected to resume trading once the resolution is complete; as of February 26, 2024, it stood at ₹11.79, down ₹0.55 (-4.46%), reflecting the company’s financial struggles during its restructuring efforts.

 

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.

Oberoi Realty’s share price dropped 6.02% to ₹1,746.15 at 10:55 AM on the NSE, after opening at ₹1,858, down from its previous close of ₹1,858.05. The stock dropped to day’s low of ₹1,731.50 during early trade. The stock fell for the second consecutive session today adding to yesterday’s fall of 7.23%.

Q3 FY25 Results

Oberoi Realty’s, a prominent Mumbai-based real estate firm, Q3 FY25 net profit increased by 72% to ₹618 crore, with a 34% rise in revenue to ₹1,411 crore.

The company’s revenue surged by 34% to ₹1,411.08 crore, compared to ₹1,053.64 crore in Q3 FY24. The growth was also reflected sequentially, with a 5% rise in net profit and 7% growth in revenue.

Vikas Oberoi, Chairman & Managing Director of Oberoi Realty, commented that the Indian economy’s growth across sectors, especially in luxury real estate, has driven a strong quarter for the company.

The overwhelming response to the first phase launch at Oberoi Garden City, Thane, and ongoing demand for premium residences position Oberoi Realty well to meet growing demand and foster long-term profitable growth.

Oberoi Realty Declares Interim Dividend

Oberoi Realty has declared a third interim dividend of ₹2 per equity share with a face value of ₹10 each for the ongoing financial year, alongside its Q3 results.

The company has set January 24 as the record date for determining eligibility for the dividend, which will be paid on or after February 10.

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.

Tanla Platforms’ share price dropped 6.7% to ₹621.40 at 10:15 AM on the NSE, after opening at ₹650, down from its previous close of ₹666.05. The stock hit a fresh 52-week low today at ₹617.05 during early trade. The stock has been volatile recently, gaining 0.88% yesterday but falling 0.86% the day before.

Q3 FY25 Results

Tanla Platforms’ reported a 15% YoY decline in net profit for Q3 FY25. The company’s net profit for the December 2024 quarter was ₹118.51 crore, down from ₹140.13 crore in the same period last year.

While the company’s revenues stood at ₹1,009.82 crore, virtually flat compared to ₹1,007.63 crore in Q3 FY24, the negative results weighed on investor sentiment.

At the operating level, EBITDA declined by 15.3% to ₹163.4 crore in Q3 FY25, compared to ₹192.9 crore in Q3 FY24. The EBITDA margin stood at 16.3% for the reported quarter, down from 19.2% in the same period last year. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

Tanla Platforms Declares Interim Dividend

The company has announced an interim dividend of ₹6 per equity share (600%) with a face value of ₹1 each for FY 2024-25. The record date to determine shareholder eligibility for the dividend is January 27, with payments to be made on or before February 20.

Sale of Gamooga Softtech

The company announced the sale of its entire 100% stake in Gamooga Softtech, a wholly-owned subsidiary of Tanla’s other wholly-owned subsidiary, Karix Mobile.

In an exchange filing, the company stated, the Board of Directors, during its meeting on January 21, 2025, approved the sale of 100% equity stake in Gamooga Softtech Private Limited (‘Gamooga’) to Karix Mobile Private Limited (‘Karix’), another wholly-owned subsidiary.”

Following this transaction, Gamooga will become a step-down subsidiary of the company.

 

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.

Reliance Infrastructure (NSE: RELINFRA) has revealed the incorporation of Reliance Green Glide Private Limited, a subsidiary in the automobile sector. The new entity, established on January 21, 2025, is yet to commence operations.

Incorporation Details

Reliance Infrastructure Limited has disclosed the incorporation of a new subsidiary, Reliance Green Glide Private Limited, on January 21, 2025. The newly incorporated company will operate in the automobile and related activities sector, though it has yet to begin its business operations.

Reliance Green Glide Private Limited is wholly owned by Reliance Velocity Limited, which is itself a subsidiary of Reliance Infrastructure. This marks a significant step in Reliance Infrastructure’s strategic expansion in the automotive industry.

The company’s shares were subscribed in a manner typical for such incorporations, with Reliance Infrastructure holding 1% of the shares in the new entity. Further details on the company’s future business plans or operations have not been disclosed at this time.

Recent Business Development

Earlier this month, Reliance Infrastructure Limited announced the incorporation of four new subsidiaries as of January 7, 2025. These entities are focused on different sectors within the renewable energy, construction, and research industries. The new subsidiaries include:

1. Reliance Renewable Constructors Private Limited (RRCPL) – This entity will operate in the engineering and construction sector, focusing on renewable energy projects.
2. Reliance Green Innovation Private Limited (RGIPL) – Dedicated to research and development activities, RGIPL will focus on green technologies.
3. Reliance Cleantech Mobility Private Limited (RCMPL) – This company will focus on the renewable energy sector, particularly in the area of clean mobility solutions.
4. Reliance LoVE Private Limited (RLPL) – Another entity in the renewable energy sector, RLPL will work on various energy solutions.

All 4 subsidiaries are newly incorporated and have yet to begin business operations. Reliance Infrastructure, through its holding company Reliance Energy Limited, holds a 1% share in these entities

These new incorporations reflect Reliance Infrastructure’s commitment to expanding its presence in the renewable energy, clean tech, and engineering sectors.

Share Price Performance

Reliance Infrastructure’s share price traded 0.13% lower at ₹276.20 at 9:52 AM on the NSE. The stock opened at ₹283.90 higher than ₹276.55 at the previous close.

 

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.

 

NTPC, in partnership with Ceylon Electricity Board, is establishing a 50 MW solar power project in Sri Lanka, set at a tariff of 5.97 U.S. cents per unit, to boost renewable energy and lessen fossil fuel use.

Project Details

State-owned NTPC announced its initiative to set up a 50 MW solar power project in Sri Lanka in collaboration with the Ceylon Electricity Board. This project, formed through a 50:50 joint venture called Trincomalee Power Company Limited (TPCL), is located at Sampoor in Trincomalee.

The finalised tariff for the project, which can be expanded to 120 MW, is set at 5.97 U.S. cents per unit following discussions with various stakeholders in Sri Lanka. This solar initiative aims to diversify Sri Lanka’s energy sources significantly, enhancing the country’s clean energy capacity and reducing dependence on fossil fuels.

NTPC is recognised as India’s largest power generation company and operates under the Ministry of Power.

Recent Business Development

NTPC Limited recently announced the declaration of the commercial operation date (COD) for the second part capacity of 25 MW from its 200 MW Gujarat Solar PV Project. This project, managed by NTPC Renewable Energy Limited (NTPC REL), marks a significant milestone in NTPC’s commitment to expanding its renewable energy portfolio.

The COD for this second phase was effective from January 17, 2025, following the earlier declaration of 37.5 MW for the first phase on December 21, 2024. With this new capacity addition, NTPC’s total installed and commercial capacity now stands at an impressive 76,733.18 MW. This advancement reflects NTPC’s strategic focus on renewable energy and its role in meeting India’s energy demands sustainably.

Q2 FY25 Financial Highlights

NTPC Limited, the state-owned power giant, reported a 14% increase in its consolidated net profit for the September quarter of FY 2024-25, reaching ₹5,380.25 crore, compared to ₹4,726.40 crore in the same period the previous year.

The company’s total income, however, saw a slight decline, dropping to ₹45,197.77 crore from ₹45,384.64 crore year-on-year. Despite the dip in income, NTPC’s average tariff per unit increased to ₹4.67, up from ₹4.61 in the previous year.

Share Price Performance

NTPC’s share price rose 0.59% to ₹326.20 at 9:40 AM on the NSE, after opening at ₹327, up from ₹324.30 at the previous close. However, the stock continued its decline for the second consecutive session, adding to yesterday’s 3.5% drop.

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.