PC Jeweller Share Price Drops 2.04% After 3-Day Rally

PC Jeweller Limited has been in focus on Thursday. On February 6, 2025, PC Jeweller share price opened at ₹16.65, up from its previous close of ₹15.71. However, at 11:12 AM, the share price of PC Jeweller was trading at ₹15.39, down by 2.04% on the NSE. The stock touched its day’s low at ₹15.20. Till yesterday, the stock has been rising for the 3rd consecutive session, following a nearly 4.9% gain yesterday.

Q3 FY 2025 Financial Highlights

The company announced its Q3 FY 2025 financial results recently on February 4, 2025. In Q3 FY 2025, the company reported an increase in sales, reaching ₹639 crores, compared to just ₹40 crores in Q3 FY 2024.

Profit After Tax (PAT) also saw a strong turnaround, amounting to ₹146 crores in Q3 FY 2025, a sharp contrast to the loss of ₹200 crores reported in the same quarter last year.

The company’s EBITDA stood at ₹154 crores in Q3 FY 2025, reversing the negative EBITDA of ₹69 crores in Q3 FY 2024, indicating an improvement in its earnings before interest, tax, depreciation, and amortization.

Similarly, Profit Before Tax (PBT) for the quarter stood at ₹146 crores, compared to a loss of ₹200 crores in Q3 FY 2024, highlighting the company’s efforts in improving its profitability.

About PC Jeweller Ltd

PC Jeweller is involved in the manufacturing, sale, and trading of gold jewellery, diamond-studded jewellery, and silver items across various regions. Its gold jewellery export business operates on a B2B model through dealers based in the Gulf, facilitated by Dubai-based firms. The company also boasts a team of in-house designers.

 

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.

Eveready Industries Sees 56% Profit Surge in Q3 FY25 Results

Eveready Industries India Limited has announced its financial results for the third quarter and nine months ended December 31, 2024.

Q3 and 9M FY 2025 Financial Highlights

For Q3 FY25, the company reported a total income from operations of ₹333.3 crore, reflecting a growth of 9.4% compared to ₹304.8 crore in Q3 FY24. For the 9-month period ending in FY25, the total income from operations stood at ₹1,045.1 crore, marking a growth of 1.1% from ₹1,033.3 crore in the same period of FY24.

The company stated that the growth was primarily fueled by strong performance in Batteries and Flashlights. Alkaline Batteries maintained strong momentum, while Carbon Zinc showed signs of healthy recovery. Rechargeable Flashlights also gained traction, driven by improved sales across a broader product range. However, growth in the Lighting segment moderated due to ongoing value erosion, along with increased competitive activity and pricing pressures.

The operating EBITDA for Q3 FY25 was ₹29.2 crore, showing an increase of 18.7% from ₹24.6 crore in Q3 FY24. For the 9 months of FY25, the operating EBITDA reached ₹126.7 crore, up by 10.4% compared to ₹114.8 crore in the corresponding period of FY24.

The company’s profit after tax (PAT) surged by 56.0% in Q3 FY25, reaching ₹13.1 crore, compared to ₹8.4 crore in Q3 FY24. Over the 9-month period, PAT stood at ₹71.9 crore, reflecting a growth of 22.5% from ₹58.7 crore in the same period of the previous fiscal year.

Management Commentary

Commenting on the performance for the quarter, Managing Director at Eveready Industries India Ltd, Mr Suvamoy Saha, said, “This quarter, as we continue our journey of driving efficiencies in distribution and we achieved 9.4% revenue growth, driven by healthy recovery of Zinc batteries and robust traction in alkaline batteries (11% market share in Q3 FY25 vs. 6%+ in Q3 FY24), sustained momentum in rechargeable flashlights, and contributions from newly launched products.”

He further stated that despite facing challenges such as raw material price volatility and foreign exchange fluctuations, the company achieved strong profitability in Q3 FY25, with EBITDA and PAT increasing by 18.7% and 56.0% year-over-year, respectively. This performance was bolstered by ongoing investments in brand building, including strategic advertising campaigns across electronic, print, and below-the-line channels.

“Further to our strategic investment in a new greenfield production facility for alkaline batteries, as a part of our ‘Make In India’ initiative the Company has acquired land at Jammu for the construction of the proposed facility. As previously outlined, we anticipate commissioning this facility in the second half of FY26. Going forward we will expand our base in B2B and OEM segments along with a robust distribution network across B2C categories,” added the Managing Director.

Furthermore, the company is actively expanding its Electrical Outlet Division (EOD) by recruiting new dealers to strengthen market penetration and effectively showcase its range of product offerings, including consumer luminaires. Looking ahead, the company expects its growth trajectory to continue, driven by strong momentum in key product categories and ongoing marketing investments aimed at boosting consumer engagement.

On February 6, 2025, Eveready Industries India share price opened at ₹356.00, touching the day’s high at ₹361.45, as of 10:23 AM on the NSE.

 

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.

Info Edge Share Price Rises 2.26%; Reports 12.8% Revenue Growth in Q3 FY25 Results

Info Edge (India) Limited (Naukri), announced financial results for the quarter ended December 31, 2024.

Post the announcement, on February 6, 2025, Info Edge share price (NSE: NAUKRI) opened at ₹8,100.00, up from its previous close of ₹7,941.15. At 9:55 AM, the share price of Naukri was trading at ₹8,121.00, up by 2.26% on the NSE.

Revenue and Billings Growth

Info Edge achieved a 12.8% year-on-year increase in standalone Revenue from Operations, reaching ₹671.5 crore compared to ₹595.4 crore in the same quarter last year.

Standalone billings also saw growth of 15.8%, reaching ₹668.3 crore. The recruitment business led the charge with a 15.2% billing increase. Non-recruitment verticals also contributed significantly, with 99acres (real estate) billings up 16.0%, Jeevansathi (matrimony) billings surging 36.0%, and Shiksha (education) billings growing by 12.3%.

Profitability and Cash Generation

The company’s operating profit margin improved to 39.2% of revenue. Standalone operating profit grew by an impressive 20.4%, reaching ₹263.4 crore, up from ₹218.7 crore in the corresponding quarter of the previous fiscal.

Info Edge generated cash from operations (before taxes) of ₹345.8 crore during the quarter, highlighting the company’s financial health.

Commenting on the results, the Managing Director and Chief Executive Officer, Mr Hitesh Oberoi, said, “In Q3, we achieved 16% billing growth, driven by consistent performance across all four verticals. Our recruitment business continued its growth trajectory across all segments, contributing to improved operating profits. Additionally, the non-recruitment businesses are also nearing breakeven, further strengthening our position for sustained growth.”

Mr. Chintan Thakkar, Director and Chief Financial Officer stated, “With an overall improvement in business performance, we witnessed 20% year-over-year growth in standalone operating profits and 27% year-over-year growth in cash generated from operations. As of December 31, 2024, our cash balance stood at ₹4,290 crore, highlighting our strong financial position.”

 

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.

Swiggy Share Price Touches 52-Week Low; Reports 38% YoY Growth in GOV for Q3 FY25

Swiggy Limited announced its financial results for the quarter and nine months ended December 31, 2024.

On February 6, 2025, Swiggy share price opened at ₹391.00, down from its previous close of ₹418.05. At 9:39 AM, the share price of Swiggy was trading at ₹403.10, down by 3.58% on the NSE. Notably, today the stock price touched its 52-week low at ₹385.25.

Gross Order Value and Average Monthly Transacting Users

Swiggy’s Gross Order Value (GOV) grew 38% year-on-year (YoY) to ₹12,165 crore in Q3 FY25. The company also reported a 25.3% YoY increase in its Average Monthly Transacting Users (MTUs), which reached 17.8 million. Notably, nearly a third of users engaged with more than one service on Swiggy’s platform, demonstrating strong cross-utilization of offerings.

Swiggy’s Food Delivery business reported a 19.2% YoY growth in GOV, which stood at ₹7,436 crore for Q3 FY25. Adjusted EBITDA for the segment rose by 63.7% quarter-on-quarter (QoQ) to ₹184 crore, with margins improving from 0.3% to 2.5% YoY. The business also added 2.4 million MTUs over the past year, supported by innovative launches like ‘Bolt,’ a 10-minute restaurant food delivery service introduced in October 2024. Bolt now accounts for 9% of overall food deliveries.

Swiggy Instamart demonstrated exceptional growth with an 88% YoY and 15.5% QoQ rise in GOV, reaching ₹3,907 crore in Q3 FY25. Average order value increased by 14% YoY to ₹534, driven by enhanced product selection and improved consumer engagement. The segment added 96 new active stores during the quarter, increasing active darkstore area by 25% QoQ to 2.45 million sq. ft. However, growth investments in quick commerce led to a decline in contribution margin from -1.9% in Q2 FY25 to -4.6% in Q3 FY25.

Consolidated Financial Performance

Swiggy’s total income for Q3 FY25 stood at ₹40,958.36 million, up from ₹36,862.65 million in Q2 FY25 and ₹31,309.26 million in Q3 FY24. The loss for the quarter widened to ₹7,990.80 million compared to ₹6,255.30 million in the previous quarter and ₹5,743.80 million a year ago.

For the nine months ended December 31, 2024, the total income was ₹1,10,922.12 million, showing an increase from ₹84,911.05 million in the same period last year. The loss for the period stood at ₹20,356.17 million, compared to ₹17,954.72 million during the nine months ended December 31, 2023.

 

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.

CAMS Interim Dividend of ₹17.50 Record Date Tomorrow, February 7, 2025

Computer Age Management Services Limited (CAMS) Board of Directors has declared and approved an interim dividend of ₹17.50 per equity share.

On February 5, 2025, CAMS share price opened at ₹3,540.00 and closed at ₹3,759.90, rising by 7%. The share price of CAMS touched its day’s high at ₹3,798.00 on the NSE.

CAMS Dividend Record Date

On January 29, 2025, the company announced that the Board of Directors declared an interim dividend of ₹17.50 per equity share. The record date set for the interim dividend is February 7, 2025.

Q3 FY 2025 Financial Highlights

For Q3 FY25, the consolidated revenue stood at ₹369.74 crore, reflecting a year-on-year (YoY) growth of 27.6%. The Profit After Tax (PAT) for the quarter was ₹125.49 crore, up 40.5% YoY, with PAT margins at 32.6%.

For the nine months ended FY25, the consolidated revenue was ₹1,066.32 crore, a 29.1% increase on a Y-o-Y basis. The PAT for the period came in at ₹356.17 crore, reflecting a growth of 42.4% YoY, with PAT margins at 32.2%.

About Computer Age Management Services Ltd

CAMS serves as a financial infrastructure and service partner for the asset management industry, offering platform-based solutions to the BFSI sector.

 

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.

Stocks To Watch Today on February 6, 2025: Swiggy, Reliance Power, United Spirits & More in Focus

On Thursday, February 6, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open higher, following gains in global markets. Check out a few stocks that might be in focus during the trading session.

  • Swiggy

Swiggy‘s consolidated net loss widened to ₹799 crore in Q3 FY25, compared to ₹574.4 crore in the same period last year. However, its consolidated revenue from operations grew 31% year-on-year (Y-o-Y) to ₹3,993 crore, up from ₹3,049 crore in Q3 FY24. The company’s gross order value (GOV)—the total worth of all orders placed on its platform—rose 38% Y-o-Y to ₹12,165 crore.

  • UltraTech Cement

UltraTech Cement announced the commissioning of an additional 0.6 MTPA grinding capacity at its existing unit in Sonar Bangla, West Bengal.

  • Reliance Power

Reliance Power reported a consolidated net profit of ₹41.95 crore in Q3 FY25, recovering from a loss in the same quarter last year. In Q3 FY24, the company had reported a loss of ₹1,136.75 crore. However, its revenue from operations fell 4.6% Y-o-Y to ₹1,852 crore, compared to ₹1,943 crore in Q3 FY24.

  • Happiest Minds

Happiest Minds reported a 16% Y-o-Y decline in profit after tax (PAT) for Q3 FY25, standing at ₹50 crore. The dip is attributed to higher finance costs. However, the company’s revenue for the quarter grew 27.5% Y-o-Y to ₹553 crore.

  • United Spirits

United Spirits has announced the closure of its Hyderabad factory operations as part of its Supply Chain Agility Program, which was approved in January 2023. The factory’s operations are scheduled to cease by July 31, 2025.

  • Sula Vineyards

Sula Vineyards reported a consolidated net profit of ₹28.06 crore in Q3 FY25, down from ₹42.98 crore in Q3 FY24. The company’s total revenue declined slightly by 0.4%, while total expenses rose by 11.4% Y-o-Y. Consequently, Sula’s core profit margin contracted to 24.8% from 33.5% a year ago.

 

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.

Best Short-Term Stocks in February 2025 Based on 1yr Returns: Trent, M&M, Zomato & More

In the dynamic world of the stock market, short-term investments can offer opportunities, especially for those looking to capitalise on market fluctuations. This approach focuses on buying and selling stocks within a short period. In this article, check the best short-term stocks in February 2025, based on the 1-yr returns and also learn the benefits and risks of investing in short-term stocks.

Best Short-Term Stocks in February 2025 – Based on 1yr Returns

Name 1Y Return (%) ↓ Market Cap (₹ in crore) PE Ratio
Trent Ltd 89.62 2,04,415.95 137.49
Mahindra and Mahindra Ltd 86.67 3,82,424.28 33.94
Zomato Ltd 69.84 2,12,609.72 605.73
Divi’s Laboratories Ltd 63.99 1,61,836.28 101.15
Bharat Electronics Ltd 56.57 2,07,963.21 52.19
Vedanta Ltd 54.13 1,70,966.30 40.33
Bharti Airtel Ltd 49.34 9,94,278.72 133.16
Info Edge (India) Ltd 48.70 99,709.64 173.35
Bajaj Holdings and Investment Ltd 40.93 1,30,612.39 17.97
Eicher Motors Ltd 40.13 1,49,404.93 37.34

Note: The best short-term stocks list provided here is as of February 5, 2025. The stocks are picked from the Nifty 100 universe and sorted based on the 1-yr returns.

Overview of the Best Short-Term Stocks in February 2025

1. Trent Ltd

Trent is involved in the retailing of apparel, accessories, footwear, and more. In Q2 FY25, the company reported revenues, including GST, of ₹4,394 crore, reflecting a 39% growth compared to ₹3,164 crore in Q2 FY24 and a CAGR of 37% over Q2 FY20. The Profit Before Tax (PBT) for Q2 FY25 stood at ₹467 crore, marking an increase of 49% from ₹314 crore in Q2 FY24 and showcasing a CAGR of 65% over Q2 FY20.

Key Metrics:

  • ROE: 43.95%
  • ROCE: 40.72%

2. Mahindra and Mahindra Ltd

Mahindra & Mahindra Ltd is amongst the most diversified automobile companies in India with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors and earthmovers. In Q2 FY25, the company reported consolidated revenue of ₹37,924 crore, reflecting a 10% year-on-year growth compared to ₹34,436 crore in Q2 FY24. The Profit After Tax (PAT) stood at ₹3,171 crore, showcasing a 35% increase from ₹2,348 crore in the same quarter of the previous year.

Key Metrics:

  • ROE: 15.37%
  • ROCE: 14.74%

3. Zomato Ltd

Zomato is a prominent online food service platform, known for its extensive offerings such as food delivery, dining-out services, and more. For the quarter ending December 31, 2024, the company reported that the Gross Order Value (GOV) for the B2C business reached ₹20,206 crore, marking a 57% increase. Adjusted revenue stood at ₹5,746 crore, reflecting a 58% growth, while adjusted EBITDA surged by 128% to ₹285 crore.

Key Metrics:

  • ROE: 1.76%
  • ROCE: 1.71%

4. Divi’s Laboratories Ltd

Divi’s Laboratories Ltd is involved in the manufacturing and exporting of APIs, intermediates and nutraceutical ingredients. The company reported a consolidated total income of ₹2,401 crores for the quarter ending December 31, 2024, compared to ₹1,950 crores in the same quarter last year. The profit after tax (PAT) for the quarter stood at ₹589 crores, up from ₹358 crores in the corresponding period of the previous year.

Key Metrics:

  • ROE: 12.15%
  • ROCE: 15.28%

5. Bharat Electronics Ltd

Bharat Electronics Ltd (BEL) is involved in the manufacturing and supply of electronic equipment and systems to the defence sector. It is a Navratna Defence PSU. The company also has a limited presence in the civilian market. The company recorded a turnover of ₹5,643.25 crore in the third quarter of FY 2024-25, marking a growth of 36.97% compared to ₹4,120.10 crore in the same period last year. The PAT for the quarter stood at ₹1,316.06 crore, reflecting a 47.33% increase from ₹893.30 crore reported in the corresponding period of the previous year.

Key Metrics:

  • ROE: 26.37%
  • ROCE: 30.17%

Best Short-Term Mid-Cap Stocks in Feb 2025 – Based on 1yr Returns

Name 1Y Return (%) ↓ Market Cap (₹ in crore)
Dixon Technologies (India) Ltd 137.56 89,708.26
BSE Ltd 116.28 75,341.68
Mazagon Dock Shipbuilders Ltd 110.12 88,592.33
PB Fintech Ltd 77.23 78,159.28
Bharti Hexacom Ltd 69.19 69,005

Note: The best short-term stocks list provided here is as of February 5, 2025. The stocks are picked from the Nifty Midcap 100 universe. The ROE and ROCE are positive and sorted based on the 1-yr returns.

Best Short-Term Small-Cap Stocks in Feb 2025 – Based on 1yr Returns

Name 1Y Return (%) ↓ Market Cap (₹ in crore)
Aegis Logistics Ltd 90.86 26,632.13
Garden Reach Shipbuilders & Engineers Ltd 73.34 17,431.95
Blue Star Ltd 72.64 41,474.56
Firstsource Solutions Ltd 66.17 23,010.17
Triveni Turbine Ltd 63.08 18,231.83

Note: The best short-term stocks list provided here is as of February 5, 2025. The stocks are picked from the Nifty Smallcap 100 universe. The ROE and ROCE are positive and sorted based on the 1-yr returns.

Benefits of Investing in Short-Term Stocks

  • Quick Returns: Short-term investments can allow investors to capitalise on market fluctuations and earn within a short duration.
  • Liquidity: Short-term stocks are easier to buy and sell, offering higher liquidity for investors needing immediate access to funds.
  • Market Opportunities: Rapid price movements create opportunities to benefit from news events, earnings reports, or market trends.
  • Diversification: Short-term investments can complement long-term investments, helping investors balance their portfolios.

Risks of Investing in Short-Term Stocks

  • Market Volatility: Prices of short-term stocks can be highly volatile, leading to sudden losses.
  • Transaction Costs: Frequent buying and selling incur brokerage fees, reducing net gains.
  • Emotional Decisions: Quick trades may lead to impulsive decisions, increasing the likelihood of losses.

Conclusion

Short-term investments can be beneficial to achieve immediate goals, such as planning a trip or purchasing a car. It’s vital to assess your investment objectives and risk tolerance before making a decision. Additionally, evaluate the company’s operations, financial health, and future outlook.

 

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.

Union Budget 2025: What is PM SVANidhi, Eligibility & What’s New for Street Vendors?

During the Union Budget 2025 Presentation on February 1, 2025, the Union Finance Minister, Nirmala Sitharaman, announced significant changes to the PM SVANidhi Scheme. The Scheme aims to further support street vendors who have been among the hardest hit by the COVID-19 pandemic. This revamped initiative is set to provide enhanced loan facilities, UPI-linked credit cards with a ₹30,000 limit, and capacity-building support.

She announced, “PM SVANidhi Scheme has benefitted more than 68 lakh street vendors, giving them respite from high-interest informal sector loans. Building on this success the scheme will be revamped with enhanced loans from banks, UPI-linked credit cards with ₹30,000 limit and capacity-building support.”

What is PM SVANidhi?

The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs to economically uplift and empower street vendors. It provides collateral-free working capital loans to street vendors to help them resume and grow their businesses in urban and peri-urban areas.

The scheme targets street vendors who were vending on or before March 24, 2020, and facilitates loans in three tranches:

  1. First Tranche: Loan up to ₹10,000 for a tenure of 12 months.
  2. Second Tranche: Loan between ₹15,000 and ₹20,000 for a tenure of 18 months.
  3. Third Tranche: Loan between ₹30,000 and ₹50,000 for a tenure of 36 months.

These loans are designed to be affordable and inclusive, addressing the needs of vendors who would otherwise rely on high-interest informal loans.

Benefits and Incentives of PM SVANidhi Scheme

The scheme offers several incentives to encourage timely repayment and digital transactions:

  • Interest Subsidy: 7% per annum on regular repayment of loans.
  • Cashback Incentive: Up to ₹1,200 per year for undertaking prescribed digital transactions.
  • Eligibility for Enhanced Loans: Regular repayment makes vendors eligible for the next tranche of loans.

Eligibility Criteria of PM SVANidhi Scheme

Street vendors who meet the following criteria can avail of the scheme:

  1. Possess a Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs).
  2. Identified in ULB surveys but without a Certificate of Vending; provisional certificates can be issued through an IT-based platform.
  3. Vendors left out of surveys but issued a Letter of Recommendation (LoR) by the ULB/Town Vending Committee (TVC).
  4. Vendors from surrounding peri-urban or rural areas vending within ULB limits and possessing an LoR.

How to Apply to the PM SVANidhi Scheme?

Street vendors can apply for loans directly through the PM SVANidhi portal or visit a nearby Common Service Centre (CSC). Pre-application steps include:

  • Understanding loan requirements.
  • Ensuring the mobile number is linked to Aadhaar.
  • Checking eligibility under the scheme rules.

Under the PM SVANidhi Scheme, credit is provided by various lending institutions, including Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Non-Banking Financial Companies (NBFCs), Micro-Finance Institutions (MFIs), and Self-Help Group (SHG) Banks.

Conclusion 

The PM SVANidhi scheme has proven to be a lifeline for street vendors, enabling them to restart their businesses, reduce dependency on informal loans, and improve their economic well-being. With enhanced credit facilities and digital integration during Union Budget 2025, the scheme will continue to empower street vendors and contribute to the growth of India’s informal economy.

 

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.

Coal Sector Leads Growth Among Eight Core Industries in December 2024

The Ministry of Coal recently on February 3, 2025, announced that the coal sector demonstrated the highest growth among the eight core industries in December 2024, according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry. The coal index reached 215.1 points, a 5.3% increase from 204.3 points in December 2023.

Robust Growth in April-December 2024 Period

During April to December 2024, the coal industry’s index grew to 177.6 points from 167.2 points in the same period of the previous year. This represents a robust 6.2% growth, the highest among all eight core industries.

The ICI measures the combined and individual production performance of eight key industries: cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.

Combined Index Growth Highlights Coal’s Contribution

The Combined Index of Eight Core Industries showed a 4.0% year-on-year growth in December 2024. For the April-December 2024 period, the index rose by 4.2% compared to the same period in FY 2023-24. The coal sector’s strong performance played a pivotal role in this industrial expansion.

Coal Production Surge Fuels Growth

The coal sector’s remarkable growth is attributed to a significant increase in production. During April-December 2024, coal production reached 726.31 million tonnes (MT), up from 684.47 MT during the same period last year. This 6.1% rise reflects the sector’s ability to meet the growing energy and manufacturing demand.

Coal India Ltd

Coal India Limited, a prominent player in the coal sector, has announced its financial results for 9M FY25. The company recorded a total income of ₹1,08,450 crore, a decline of 2% compared to ₹1,10,639 crore during the same period last year. Profit after tax stood at ₹25,710 crore, reflecting a decrease of ₹3,129 crore or 11% from ₹28,839 crore in 9M FY24.

 

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.

Union Budget 2025: Textile Sector Gets ₹5,272 Crore; Focus on MSMEs & Exports

The Union Budget 2025, presented on February 1, 2025, announced significant measures to boost India’s textile sector, which is primarily driven by MSMEs and contributes substantially to the economy.

The Ministry of Textiles received a budget outlay of ₹5,272 crores for 2025-26, marking a 19% increase from the ₹4,417.03 crores allocated in the previous budget.

Cotton Mission: Enhancing Productivity

One of the key initiatives is the launch of a 5-year Cotton Mission aimed at addressing stagnant cotton productivity, particularly for extra-long staple varieties. The Mission emphasises providing Science & Technology support to farmers, in alignment with the 5F principle.

This initiative aims to increase farmers’ income, ensure a steady supply of quality cotton, and reduce reliance on imports. By boosting domestic cotton productivity, the government seeks to stabilize raw material availability and enhance the global competitiveness of India’s textile sector, where MSMEs drive 80% of capacity.

Incentives for Technical Textiles

The Budget introduced measures to promote the domestic production of technical textiles such as agro-textiles, medical textiles, and geo-textiles. Two additional types of shuttle-less looms were added to the list of fully exempted textile machinery.

Duties on Shuttle-less Rapier Looms (below 650 meters per minute) and Air Jet Looms (below 1,000 meters per minute) have been reduced to nil from the previous 7.5%. This reduction will lower the cost of high-quality imported looms, facilitating modernisation and capacity building in the weaving sector. It also aligns with the “Make in India” initiative, boosting the technical textile industry.

Custom Duty Adjustments

The Basic Custom Duty on knitted fabrics, covering nine tariff lines, has been increased from 10% or 20% to 20% or ₹115 per kg, whichever is higher. This measure is aimed at curbing cheap imports and improving the competitiveness of Indian knitted fabric manufacturers.

Boost for Handicrafts and MSMEs

To facilitate handicraft exports, the permissible export period has been extended from six months to one year, with a possible extension of another three months. Additionally, nine items, including wool polish materials and cattle horn, have been added to the list of duty-free raw material imports meant for export production.

Other MSME-focused measures include a National Manufacturing Mission, Export Promotion Mission, Bharat Trade Net, and Fund of Funds. These initiatives are expected to uplift textile MSMEs by promoting employment, entrepreneurship, and a conducive environment for growth.

 

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