On January 21, 2025, South Indian Bank reported a remarkable performance for Q3 FY25, posting its highest-ever quarterly net profit of ₹341.87 Crore, a growth of 11.96% compared to ₹305.36 Crore in the same quarter of the previous fiscal year. The operating profit for the quarter saw a healthy increase of 9.39%, rising from ₹483.45 Crore to ₹528.84 Crore. In terms of asset quality, the Bank made significant improvements with a reduction in Gross NPA by 44 bps from 4.74% to 4.30% and a decline in Net NPA by 36 bps from 1.61% to 1.25%.

The bank also reported a 6.13% increase in net interest income, which grew from ₹819.03 Crore to ₹869.26 Crore. The Return on Assets saw a positive change, increasing by 5 bps from 1.07% to 1.12%, and the Provision Coverage Ratio (PCR), both excluding and including write-offs, showed marked improvements, signalling enhanced asset recovery efforts.

Deposits Growth Backed by Strong Retail Portfolio

The Bank experienced solid growth in its deposit base, with retail deposits increasing by ₹7,332 Crore, from ₹95,088 Crore to ₹1,02,420 Crore, representing a 7.71% growth on a year-on-year basis. NRI deposits also saw a healthy rise, growing by ₹1,896 Crore from ₹29,236 Crore to ₹31,132 Crore, reflecting a 6.49% increase compared to the previous year. Furthermore, the Bank’s CASA (Current Account Savings Account) deposits grew by 4.13% on a year-on-year basis, with Savings Bank deposits increasing by 3.37% and Current Accounts seeing a higher growth of 7.73%. This increase in CASA deposits is indicative of the Bank’s strong retail banking performance and its continued focus on low-cost funding sources.

Advances Soared 12% in Q3FY25

In terms of advances, South Indian Bank saw a significant growth of ₹9,280 Crore in its gross advances, from ₹77,686 Crore to ₹86,966 Crore, marking an 11.95% increase on a year-on-year basis. The corporate segment showed impressive growth, increasing by ₹5,064 Crore from ₹29,892 Crore to ₹34,956 Crore, reflecting a 16.94% rise compared to the previous year. Additionally, the share of A and above-rated accounts in the large corporate segment improved substantially, growing from 96% to 99.6%.

In the retail segment, the Bank saw a steady increase in its personal loan book, which grew by ₹63 Crore from ₹2,186 Crore to ₹2,249 Crore, a 2.88% growth. The gold loan portfolio grew by ₹1,597 Crore, from ₹15,369 Crore to ₹16,966 Crore, a 10.39% increase. Housing loans exhibited remarkable growth, rising by ₹3,195 Crore from ₹5,000 Crore to ₹8,195 Crore, representing an impressive 63.9% increase. Similarly, vehicle loans grew by 24.71%, from ₹1,554 Crore to ₹1,938 Crore, showcasing strong demand in this segment.

 

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

On January 21, 2025, Dalmia Bharat released its Q3FY25 results, wherein it recorded a significant 75% YoY decline in its consolidated net profit for Q3 FY25, which stood at ₹66 crore, compared to ₹266 crore in the same quarter last fiscal year.

Dalmia Bharat Q3FY25 Performance

The revenue from operations for the quarter fell by 11.7% YoY, amounting to ₹3,181 crore, down from ₹3,604 crore in Q3 FY24. This drop was primarily attributed to a sharp decline in cement prices. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw a decline of 34.5%, falling to ₹511 crore from ₹779 crore in Q3 FY24.

The quarterly cement sales volume decreased by 2%, standing at 6.7 million tons (MnT) in Q3 FY25, compared to 6.8 MnT during the same period last year.

Dalmia Bharat Q3 FY25 Business Update

1. Debottlenecking and Capacity Expansion: Dalmia Bharat completed debottlenecking at two locations: Rajgangpur in Odisha (0.6 MnT) and Kadapa in Andhra Pradesh (0.3 MnT). These upgrades increased the total clinker capacity to 23.5 MnT.
2. Renewable Energy Initiatives: In alignment with its commitment to the RE100 initiative by 2030, Dalmia Bharat has entered into multiple Renewable Power Agreements under the Group Captive model, securing 21 MW of renewable energy (RE) power. This adds to the 278 MW of RE power agreements signed earlier in H1 FY25, totalling 299 MW of RE power agreements. The commissioning of these capacities is ongoing and will continue throughout FY25 and FY26.
3. Solar Power Expansion: The company commissioned a 4 MW captive solar power plant at Medinipur, West Bengal, and 46 MW of RE capacity under the Group Captive model. This increased Dalmia Bharat’s total operational RE capacity to 252 MW.
4. ESG Rating: Dalmia Bharat received a Combined ESG (Environmental, Social, and Governance) rating of 78 (strong) from ICRA ESG, reinforcing the company’s position as a leader in sustainability within India’s cement sector.

Commenting on the performance, Mr Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “After multiple years of high growth, India witnessed a slightly slow start to the year, but the government’s continuous focus on investment-led growth coupled with the strong structural growth drivers underpin my confidence in a rebound of the Indian economy. In this backdrop, I believe cement demand growth will regain momentum. Our capacity expansion plans are on track as we will reach 49.5 MnT by the end of this year.”

Mr. Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said “Cement demand growth in Q3 fell short of our earlier expectations. Our volumes de-grew by 2% YoY while EBITDA fell 34.5% YoY to Rs 511 Cr with persistent softness in cement prices. With demand now gaining traction and prices showing signs of optimism, we are confident about a stronger performance in the upcoming quarters.” He further added, “Our strong Balance Sheet with a healthy leverage ratio ensures that we are well-positioned to pursue the next phase of expansion.”

On January 22, 2025, Dalmia Bharat shares opened at ₹1,694.95 and touched the day low of ₹1,694.95 at 09:20 AM, reflecting a fall of 0.38% as compared to 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 securities market are subject to market risks, read all the related documents carefully before investing.

India Cements Limited, a subsidiary of UltraTech Cement Limited, reported its financial results for the quarter ending December 31, 2024.

India Cements Q3FY25 Financial Performance

• Consolidated Net Sales for Q3 FY25 amounted to ₹940.81 crores, compared to ₹1,144.46 crores in the same period of the previous year.
• Profit Before Interest, Depreciation, and Tax (PBIT) for Q3 FY25 was a loss of ₹ (143.73) crores, as opposed to a profit of ₹78.15 crores in Q3 FY24.
• Profit After Tax (PAT) stood at ₹196.22 crores, a significant improvement from ₹0.67 crores in the previous year.
• The company’s net debt decreased significantly to ₹886 crores.

India Cements’ Operations

During Q3 FY25, the company recorded a cement capacity utilization of 57%. On a consolidated basis, domestic sales volume grew by 5% year-on-year (YoY).

Change in Ownership

On 24th December 2024, UltraTech Cement acquired 32.72% of the equity share capital of The India Cements Limited. This acquisition increased UltraTech’s total shareholding in the company to 55.49%, in line with Regulation 22(2) of the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. As a result, The India Cements Limited has become a subsidiary of UltraTech Cement.

India Cements Outlook

The company is poised for growth through its synergies with UltraTech Cement. Key drivers of future success include:

• Introduction of new systems and processes: These will bring operational efficiencies and enhance business performance.
• Economies of scale and cost optimisation: The company is expected to benefit from enhanced operational efficiencies.
• Wider distribution network: The strengthened network will improve reach and market penetration.
• Enhanced credit rating: India Cements has already been upgraded to a AAA credit rating, which will help optimize overall costs.

With increasing government spending on infrastructure and rising demand in housing markets, India Cements is well-positioned to expand its presence in its core markets. The company aims to contribute significantly to the overall growth of the country.

On January 22, 2025, India Cements shares opened at ₹345.55 and touched the day low of ₹339.65 at 09:20 AM.

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

On January 22, 2025, IndiaMART shares dropped ~10% and touched the day low of ₹2064.10 at 09:20 AM after opening at ₹2,095.00. The fall in IndiaMART shares follows the release of Q3FY25 results. IndiaMART recorded 27 million unique business inquiries in Q3FY25, marking a 17% year-on-year growth. Supplier storefronts grew 5% year-on-year to 8.2 million, with 2,14,000 paying suppliers at the end of the quarter.

IndiaMART Q3FY25 Consolidated Performance

IndiaMART reported consolidated Revenue from Operations of ₹354 Crore, up 16% from ₹305 Crore in the same quarter last year. This includes ₹337 Crore from IndiaMART Standalone Revenue and ₹16 Crore from Busy Infotech, reflecting a year-on-year growth of 16% and 30%, respectively. Collections from customers rose 10% to ₹363 Crore for the quarter, mainly consisting of ₹341 Crore from IndiaMART Standalone and ₹20 Crore from Busy Infotech.

Deferred Revenue as of December 31, 2024, increased by 17% to ₹1,492 Crore, with ₹1,430 Crore from IndiaMART Standalone and ₹57 Crore from Busy Infotech. Net Profit for the quarter was ₹121 Crore, yielding a margin of 30%. Cash Flow from Operations stood at ₹114 Crore, and the Cash and Investments balance was ₹2,606 Crore as of December 31, 2024.

IndiaMART Q3FY25 Standalone Performance

Standalone Revenue from Operations increased by 16% to ₹337 Crore, compared to ₹291 Crore last year, driven primarily by improved realization from paying suppliers. Collections from customers reached ₹341 Crore for the quarter, and Deferred Revenue as of December 31, 2024, grew 16% year-on-year to ₹1,430 Crore. EBITDA for the quarter was ₹144 Crore, resulting in a margin of 43%. Net Profit was ₹125 Crore, yielding a margin of 35%.

Commenting on the performance, Mr Dinesh Agarwal, Chief Executive Officer, said: This quarter, we saw healthy growth in revenue and operating margins, along with a modest increase in deferred revenue and cash flow. We continue to focus on onboarding quality suppliers, improving matchmaking relevancy, and enhancing the overall user experience on our platform. We are confident in the strength of our business model and our unique position to capitalize on the increasing digital adoption by businesses. On the back of sustained profitability and healthy cash flow, we remain committed to strengthening our value proposition for all stakeholders.

 

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

On January 22, 2025, Havells India shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹4 interim dividend. On January 16, 2025, Havells announced an interim dividend of ₹4.

Havells India Dividend History

Havells India Q3FY25 Business Segment Performance

Havells India’s performance in Q3 FY25 showed strong growth in its domestic switchgear segment, driven by the real estate and project businesses, although industrial switchgear (IP) remained subdued. The power cables segment saw robust growth, with contributions from the Tumkur plant, which, despite being in the ramp-up phase, started to drive expansion.

However, the softness in copper prices during the quarter led to channel destocking in the wires business, impacting overall revenues. The lighting segment experienced decent volume growth, though revenues were still affected by ongoing LED price deflation. The ‘others’ segment maintained its growth momentum, while Lloyd had a stable quarter.

 

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

On January 21, 2025, the Indian benchmark indices closed lower, whereby Nifty 50 slipped 1.37% to 23,024.65 while Sensex dropped 1.60% to 75,838.36. All the sectors ended in red on NSE with Nifty Realty closing with a fall of 4.12% followed by a 4.06% drop in the Consumer Durables sector.

Top Gainers of the Day

Apollo Hospitals

Apollo Hospitals Enterprise Share Price saw a solid 2.13% increase, with its stock price reaching ₹6,925. 

Tata Consumer Products

Tata Consumer share price opened at ₹961.05, dipped to a high of ₹978, and closed at ₹972, up 1.22% for the day.

BPCL 

BPCL share opened at ₹278.55, reached a high of ₹287, and closed at ₹280.35, marking a 1.1% gain.

Shriram Finance

Shriram Finance Share Price opened at ₹518, hit a high of ₹530.75, and closed at ₹520.05, reflecting a 0.65% increase.

JSW Steel

JSW Steel shares opened at ₹925, touched a high of ₹933, and closed at ₹924.10, gaining 0.53% on the day. 

Top Losers of the Day

Trent Limited

Trent Share Price opened at ₹6,090.60, reached a high of ₹6,109.00, dropped to a low of ₹5,723.30, and closed at ₹5,724.75.

NTPC

NTPC shares opened at ₹337.8, hit a high of ₹338.25, fell to a low of ₹323.8, and closed at ₹324.5, marking a loss of 3.44%

Adani Ports

Adani Ports shares opened at ₹1,150.00, reached a high of ₹1,154.25, dropped to a low of ₹1,104.00, and closed at ₹1,110.90, ending the day with a 3.29% decline.

 

ICICI Bank

ICICI Bank shares opened at ₹1,236.95, touched a high of ₹1,238.95, dipped to a low of ₹1,192.70, and closed at ₹1,197.95, reflecting a 2.84% drop.

Adani Enterprises

Adani Enterprises shares opened at ₹2,441.75, reached a high of ₹2,441.75, fell to a low of ₹2,373.65, and closed at ₹2,375.00, ending the day with a 2.78% decrease.

 

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 20, 2025, the Ministry of Commerce & Industry stated that it has selected 24 companies under the PLI Scheme for White Goods. The release by the Ministry further stated that a total of 18 new companies, including Voltas, MIRC Electronics, Lumax, and UNO Minda, have been selected to avail of benefits under the Production-Linked Incentive (PLI) scheme for the white goods sector with an investment of ₹2,299 crore and 6 existing PLI beneficiary committed an additional investment of ₹1,217 crore

Manufacturing Focus for Air Conditioners and LED Lights

In the 3rd round of the PLI scheme, 38 companies submitted applications with a proposed investment of ₹4,121 crore. Following a review, 18 new companies were provisionally selected. The selected companies include 10 manufacturers of air conditioner components and 8 manufacturers of LED lights.

The selected companies will focus on manufacturing key components for air conditioners, such as compressors, copper tubes, and heat exchangers For LED lights, production will include LED chip packaging, drivers, engines, light management systems, and metallized films for capacitors

With the new selections, the total number of companies under the PLI scheme for white goods has reached 84. These companies are expected to bring in investments of Rs 10,478 crore, leading to production worth Rs 1,72,663 crore.

Notable Investments from Selected Companies

• Voltas Components has committed ₹256.73 crore for manufacturing compressors
• MIRC Electronics plans to invest ₹51.5 crore to make AC products, such as motors and heat exchangers
• Other selected companies for air conditioner components include Jupiter Aluminium Industries (₹ 618 crore), Ram Ratna Wires (₹ 253 crore), SMEL Steel Structural (₹ 541.29 crore), and Next Generation Manufacturers (₹ 121.35 crore).
• In the LED lights category, Lumax Industries will invest ₹60 crore to produce LED drivers, and UNO Minda will invest ₹19.82 crore.

Applications Under Further Review

Out of the 38 applications received, 11 have been referred to the Committee of Experts (CoE) for further examination and recommendations. Additionally, two existing applicants are also being referred to the committee.

Withdrawn Applications and Upgrades for Existing Beneficiaries

One applicant has opted out of the scheme and withdrawn its application. 6 existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional ₹1,217 crore. These companies include Hindalco Industries (₹ 360 crore), LG Electronics India (₹ 433 crore), Blue Star Climatech (₹ 180 crore), and Voltas Ltd (₹ 200 crore).

 

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 21, 2025, Newgen share price fell for the 4th straight trading session and witnessed a significant fall of over 10% and touched the day low of ₹1,395.00 at 10:05 AM after opening at ₹1,582.95. In the past 4 trading sessions, Newgen share price has slipped over 20%. The shares of Newgen Software Technologies are currently trading above the 52-week low-high average, where the 52-week stands at ₹1,795.50 while the 52-week low is at ₹626.05.

Newgen Software Q3FY25 Earnings

For Q3FY25, the company reported a revenue growth of 18% YoY, reaching ₹381 crore compared to ₹324 crore in Q3FY24. License sales saw a significant increase of 70% YoY, driven by strong deal velocity. Annuity revenue streams, which include ATS/AMC, support services, cloud/SaaS, and subscription licenses, accounted for ₹208 crore. Revenue from the sale of products/licenses stood at ₹94 crore, while revenue from implementation and other services was ₹79 crore. Profit after tax for the quarter was ₹89 crore, reflecting a 30% YoY increase compared to ₹68 crore in Q3FY24.

Newgen Software 9MFY25 Performance

For the nine-month period ending December 31, 2024, the company recorded a 22% YoY revenue growth, reaching ₹1,057 crore, up from ₹869 crore in 9MFY24. Annuity revenue streams amounted to ₹614 crore, while revenue from the sale of products/licenses reached ₹217 crore. Revenue from implementation and other services stood at ₹226 crore. Profit after tax for 9MFY25 was ₹207 crore, up 41% YoY compared to ₹146 crore in 9MFY24.

Key Business Highlights of Q3FY25

Notable deal closures during Q3 FY25 included several significant agreements. Newgen entered into a partnership with the Reserve Bank of India for the implementation and maintenance of the Regulatory Application Management System, with an aggregate contract value of ₹32 crore.

In India, the company signed an agreement with Aye Finance Ltd. for a Loan Origination Solution worth ₹24 crore. In Saudi Arabia, Newgen secured an agreement valued at USD 2.3 million with a large power generation and transmission company. Additionally, Newgen is providing a Knowledge and Records Management System to a customer in Singapore with a total contract value of SGD 1.7 million.

 

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.