On January 13, 2025, Waaree Energies shares rose approximately 3%, reaching a day-high of ₹2,648.00 at 11:00 AM on the BSE, after opening at ₹2,556.65. This gain followed the company’s announcement that it is acquiring a 100% stake in Enel Green Power India Private Ltd (EGPIPL) for ₹792 crore, marking a significant expansion of its footprint in the Indian renewable energy sector. Waaree Energies’ board approved the acquisition on January 10, 2025.

Objective of the Acquisition

The acquisition is set to enhance Waaree’s portfolio with EGPIPL’s operational capacity of 640 MWAC (760 MWDC) from solar and wind energy plants. Additionally, EGPIPL is actively developing further renewable energy projects across India. This acquisition will strategically position Waaree Energies to scale its independent power producer (IPP) business, particularly in wind energy.

The transaction is expected to be finalized within the next three months, pending the fulfilment of conditions outlined in the definitive agreements.

About Enel Green Power Development S.r.l.

EGPIPL, a subsidiary of Enel Green Power Development S.r.l., one of Europe’s largest renewable energy companies, has a diversified portfolio in India, including joint ventures with other partners. EGPIPL has demonstrated significant growth in recent years, reporting revenues of ₹112 crore in FY24, ₹266 crore in FY23, and ₹129 crore in FY22, with notable gains in the wind and solar energy sectors.

Upon completion of the acquisition, Enel Green Power India Private Ltd will become a wholly-owned subsidiary of Waaree Energies, further bolstering the company’s strategy to capture a larger share of India’s rapidly growing renewable energy 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 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 13, 2025, Standard Glass Lining shares made a strong debut listing at ₹172 on the NSE, reflecting a 22.8% premium over its issue price of ₹140. On the BSE, it opened at ₹176, marking a 25.71% increase from the issue price.

Standard Glass Lining IPO Details

The ₹410 crore Standard Glass Lining IPO was opened for subscription from January 6 to January 8, with a price band set between ₹133 and ₹140 per share.

The IPO saw exceptional demand, with bids exceeding 185.48 times the shares offered. A total of 380.27 crore shares were bid for, against the 2.05 crore shares available. The retail segment was subscribed 65.71 times, while the non-institutional investor (NII) category saw a subscription of 275.21 times. The Qualified Institutional Buyers (QIB) segment was oversubscribed 327.76 times during the three-day bidding period.

Use of IPO Proceeds

The proceeds from the IPO will be used for various strategic purposes, including capital expenditure for acquiring machinery and equipment to improve operational efficiency. Additionally, part of the funds will be used to repay or prepay certain outstanding borrowings, including those of the company’s wholly owned subsidiary, S2 Engineering Industry Private Limited, to settle financial liabilities with banks and financial institutions.

 

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 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.

PCBL shares dragged ~9% in morning trade on January 13, 2025, and touched the day low of ₹346.90 at 09:45 AM after opening at ₹372.30 on BSE. The significant fall in PCBL shares came after the release of Q3FY25 results, wherein, it reported a YoY fall of 37% in net profit for the quarter (Q3 FY25) ending December 31, 2024. The net profit stood at ~₹93 crore, compared to ~₹148 crore in the corresponding quarter of the previous fiscal year.

During Q3FY25, PCBL Ltd changed its name to PCBL Chemical Ltd, which signifies a commitment to innovation and delivering advanced solutions as the company diversifies beyond carbon chemistry into new fields.

PCBL Q3 FY25 Performance

The company’s revenue from operations saw a positive increase of 21.3%, reaching ~₹2,010 crore, up from ~₹1,657 crore in the same period last year.At the operating level, the Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew by 14% to ₹328 crore in Q3 FY25, up from ₹287 crore in Q3 FY24. The EBITDA margin for the reporting quarter was ~16%, down from 17% in the corresponding period of the previous fiscal year.

PCBL Declared Interim Dividend 

PCBL Chemical Ltd declared an interim dividend of ₹5.50 per equity share of ₹1 each (550%) for the financial year ending March 31, 2025. The record date for the payment of the interim dividend has been set for Thursday, January 16, 2025.

PCBL Future Outlook

The company plans to achieve a carbon black capacity of 1 million MTPA within the next two to three years. With an additional 20,000 MTPA capacity at Mundra, the total Specialty Blacks capacity has now reached 112,000 MTPA. PCBL believes that the demand for speciality products remains strong, with consistent end-user demand for carbon black from sectors such as masterbatch, paints, inks, and fibre.

 

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 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 13, 2025, Avenue Supermarts shares dropped over 2% in the morning trade and touched the day low of ₹3,474.00 at 09:30 AM after opening at ₹3,520.00 on BSE. The parent company of D-Mart, one of the largest food & grocery retailers in India released its results for the quarter (Q3 FY25) and nine months ended December 31, 2024.

D-Mart Performance (Standalone Basis)

For the quarter ending December 31, 2024, the company reported a total revenue of ₹15,565 crore, up from ₹13,247 crore in Q3 FY24. EBITDA for the quarter stood at ₹1,235 crore, compared to ₹1,121 crore in the same quarter last year. The company also saw an increase in net profit, which reached ₹785 crore for Q3 FY25. PAT margin was 5.0% in Q3 FY25, down from 5.5% in Q3 FY24.

Total Revenue for 9M FY25 was ₹43,327 crore, compared to ₹37,139 crore in the same period last year. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) for 9M FY25 were ₹3,561 crore, up from ₹3,159 crore in 9M FY24. EBITDA margin stood at 8.2% in 9M FY25, down from 8.5% in 9M FY24. Net profit for 9M FY25 was ₹2,307 crore, compared to ₹2,091 crore in 9M FY24. PAT margin was 5.3% in 9M FY25, down from 5.6% in 9M FY24.

D-Mart Results (Consolidated Basis)

For the quarter ending December 31, 2024, total revenue stood at ₹15,973 crore, compared to ₹13,572 crore in the same period last year. EBITDA for Q3 FY25 was ₹1,217 crore, up from ₹1,120 crore in the corresponding quarter of last year. EBITDA margin stood at 7.6% in Q3 FY25, down from 8.3% in Q3 FY24. Net profit for Q3 FY25 was ₹724 crore, compared to ₹690 crore in Q3 FY24. PAT margin was 4.5% in Q3 FY25, compared to 5.1% in Q3 FY24.

Total Revenue for 9M FY25 was ₹44,486 crore, compared to ₹38,062 crore in the same period last year. EBITDA for 9M FY25 stood at ₹3,532 crore, up from ₹3,160 crore in 9M FY24. EBITDA margin stood at 7.9% in 9M FY25, down from 8.3% in 9M FY24. Net profit for 9M FY25 was ₹2,157 crore, compared to ₹1,972 crore in 9M FY24. PAT margin was 4.8% in 9M FY25, down from 5.2% in 9M FY24.

Leadership Commentary

Commenting on the performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: “Our revenue for Q3 FY 2025 grew by 17.5% over the previous year. The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3%. We continue to see the increased intensity of discounting in the FMCG category and the consequent impact of high turnover per square foot stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2 FY 2025). We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment centre of DMart Ready.

He further added, “DMart Ready grew by 21.5% in 9 months FY 2025. In the rapidly evolving dynamics of the grocery e-commerce market, we are seeing significantly more demand for home delivery compared to pick-up point and hence we continue to align our business to that extent. Our home delivery business now far exceeds our pick-up point sales contribution. We will continue to provide both channels of delivery as an option to our shoppers in select towns. In several towns, we now only operate ‘Home Delivery’ as a delivery channel.”

D-Mart Announced New CEO

The company in the exchange filing stated that Neville Noronha will not be offering his candidature for renewal of his role as the Managing Director and CEO after his current term in January 2026 – a year from now. Hence, the Board of Directors appointed Anshul Asawa as the CEO Designate, effective March 15, 2025.

 

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 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 13, 2025, Just Dial shares fell ~5% and touched the day low of ₹978.45 at 09:25 AM, after opening at ₹1,043.70 on BSE. Just Dial Limited, one of India’s leading local search engine companies, has announced its financial and operational results for the third quarter ended December 31, 2024.

Just Dial Q3 FY25 Results

Operating Revenue & EBITDA

Operating Revenue for the quarter reached ₹287.3 Crores, reflecting an 8.4% increase year-over-year (YoY) and a 0.9% increase quarter-over-quarter (QoQ). Operating EBITDA stood at ₹86.6 Crores, with a robust EBITDA margin of 30.1%. This marks a 735 basis points YoY improvement in EBITDA margin, driven by strong topline growth and cost efficiencies (operating expenses declined 1.9% YoY). Advertising expenditure for the quarter was approximately ₹6.5 Crores.

Net Profit

Net profit for the quarter amounted to ₹131.3 Crores, a 42.7% increase YoY. The effective tax rate for the first nine months of FY25 was 12.0%, lower than the previous year due to the reversal of deferred tax as part of treasury investments shifted from short-term to long-term in FY25. The estimated annual effective tax rate for FY25 is around 12%, factoring in changes to capital gains tax in the recent budget.

Cash and Investments

Cash and investments as of December 31, 2024, were ₹5,062.7 Crores, compared to ₹4,405.3 Crores on December 31, 2023, and ₹4,942.8 Crores on September 30, 2024.

Just Dial Business Performance During Q3FY25

Total Traffic (Unique Visitors)

Total traffic for the quarter was 191.2 million unique visitors, marking a 15.3% YoY increase but a 3.5% decline QoQ. The sequential drop was expected, driven by the festival weeks during the quarter. Mobile platforms generated 86.0% of total traffic, desktops/PCs accounted for 11.2%, and the Voice platform contributed 2.8%. The company’s focus on content enrichment and enhancing user experience is driving strong organic traffic growth.

Active Listings

Active listings as of December 31, 2024, totalled 47.5 million, up 14.2% YoY and 2.8% QoQ. A net 1,290,820 listings were added during the quarter. Of the total listings, 31.8 million were geocoded, representing a 20.4% YoY increase. Total images in listings reached 216.0 million, up 23.0% YoY and 4.6% QoQ.

Active Paid Campaigns

The number of active paid campaigns at the end of the quarter was 601,080, up 6.0% YoY and 0.4% QoQ.

 

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 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 Jan 10, 2025, Godrej Properties shares fell ~3% and touched the day low of 2427.15 at 12:30 PM, after opening at 2500.00. The fall in Godrej Properties shares came after the company announced that it had acquired ~24 acres of land in Indore.

Godrej Properties Cementing Position in Indore

Godrej Properties Limited (GPL) in the exchange filing stated the development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of ~6.20 lakh square feet. The acquisition of ~24 acres of land in Indore will be GPL’s second acquisition in Indore after acquiring 46 acres in July’2024 on Indore-Ujjain Road, which is bolstering its presence in Indore

Location of Newly Acquired Land

Situated just off the bustling Indore bypass road, a rapidly expanding real estate hotspot, the land offers excellent connectivity to key areas such as Dewas and Palda. The area is well-linked through major junctions, including Chhatrapati Shivaji Square and other prominent city nodes.

It is home to prestigious institutions, leading hospitals like CHL Hospital, popular leisure destinations such as Phoenix Inside Mall, and hotels like Sheraton. Its closeness to IT hubs like Crystal IT Park and Software Technology Parks of India further boosts employment prospects, making it an ideal location for residential development.

 

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 9, 2025, Indraprastha Gas Ltd (IGL) through an exchange filing announced that its domestic gas allocations will be increased by 31%, which will effective from January 16, 2025. The communication, received from GAIL (India) Ltd, the nodal agency for domestic gas allocation, confirmed the revision. This increase will raise the share of domestic gas in the CNG segment from 37% to 51%.

IGL Secures Additional RLNG Volumes

In addition to the increase in domestic gas allocations, IGL has also secured additional Regasified Liquefied Natural Gas (RLNG) volumes on a term basis from one of its major suppliers. The company mentioned that it had negotiated competitive prices for approximately 1.0 MMSCMD of RLNG, which is expected to positively impact its profitability.

IGL Q2 FY25 Financial Performance

For Q2 FY25, IGL reported an 18% year-on-year decline in its consolidated net profit, which stood at ₹454 crore. The decline was primarily attributed to higher costs of procuring natural gas. On a sequential basis, the company’s net profit fell by 5%. Despite the profit decline, IGL’s consolidated total income for Q2 FY25 increased to ₹4,171 crore, up from ₹3,694 crore in Q1 FY25 and ₹3,884 crore in Q2 FY24. The company’s consolidated total expenses also rose, reaching ₹3,674 crore in Q2 FY25, compared to ₹3,428 crore in Q1 FY25 and ₹3,270 crore in Q2 FY24.

On Jan 10, 2025, IGL share price opened at ₹425.00 and touched the day high of ₹432.00 at 11:40 AM.

 

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.