Senco Gold is a prominent pan-India jewellery retailer with a rich heritage spanning over 85 years. It is one of the largest organised jewellery retail chains in Eastern India, offering an extensive selection of over 1,51,000 gold jewellery designs and 85,000 diamond jewellery options.

Despite its strong market presence, Senco Gold’s stock has been under pressure in 2025, experiencing a significant downturn following a stellar performance in the previous year.

Stock Performance: A Sharp Reversal

On February 27, 2025, Senco Gold’s share price hit a fresh 52-week low of ₹295.75, with the stock trading 2.40% lower at ₹296.70 by 11:40 AM. This marks the 4th consecutive session of decline.

In CY2024, Senco Gold delivered a strong return of nearly 54%. However, in CY2025, the stock has reversed its gains, plummeting 43.4% year-to-date.

EBITDA Margin Takes a Hit: Key Factor Behind the Decline

A major factor behind the stock’s underperformance has been its weakening EBITDA margin. In Q3 FY25, Senco Gold reported an EBITDA margin of 3.8%, a steep decline from 11% in the same period last year.

The company attributed this drop to: Higher costs from launching new subsidiaries, the impact of customs duty over the last two quarters and volatility in gold prices. 

Initially, the company had anticipated EBITDA margins between 7-8%, but the actual results fell well below expectations.

Profitability Under Pressure

The weak operational performance has also impacted the bottom line. The company’s net profit fell sharply to ₹33.5 crore, compared to ₹101.3 crore in the corresponding quarter of the previous year.

However, revenue remained robust, reaching ₹2,100 crore, marking a 27% year-on-year growth. This indicates strong demand despite margin pressures.

Management’s Outlook for Q4 FY25

Looking ahead, Senco Gold’s management has set the following targets for Q4 FY25: Adjusted gross margins of 14-15% and Adjusted EBITDA margin of 7-8% (standalone basis). 

Conclusion

Senco Gold, despite its strong legacy and extensive product portfolio, is currently navigating through margin pressures and stock price volatility. While revenue growth remains intact, investors will closely watch upcoming earnings reports to assess whether the company can improve its profitability in the coming quarters.

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.

Rama Steel Tubes Limited (RSTL) is a pioneer and leading manufacturer of steel Pipes & Tubes and G.I. Pipes in India established in 1974 by Sh. H.L. Bansal, Rama is one of the most trusted and established names in the Steel Tube and pipe market in India and one which is rapidly gaining recognition globally. RSTL has been continuously striving to improve its performance by increasing sales, the share of value-added products, innovating new products and aggressive cost optimisation on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes and G.I. Pipes from 15mm to 150mm NB in light, medium and heavy sizes. RSTL has a global presence in more than 16 Countries.

Share price of Rama Steel Tubes is trading down by 0.95% on NSE as of 10:55 AM on February 27, 2025. So far in the month of February, the stock price is down by nearly 13.7%.

Financial Performance in Q3FY25

Rama Steel Tubes Limited (RSTL), announced its consolidated financial results for Q3FY25. The company recorded total revenue of ₹2804.60 million, reflecting a 2.89% increase compared to the previous quarter. Additionally, sales volume rose by 1.47%, indicating stable demand across various sectors.

In terms of profitability, RSTL’s EBIDTA grew by 4.24% on a quarter-on-quarter (QoQ) basis. The most notable improvement was in net profit, which surged 39.24%, primarily driven by a 60% reduction in finance costs, owing to improved fund utilisation and better price negotiations.

Expansion into Defence and Green Energy

As part of its diversification strategy, RSTL has incorporated a wholly owned subsidiary, Rama Defence Private Limited, to engage in manufacturing, trading, and supplying defence equipment, arms, ammunition, and security hardware. This move aligns with the company’s long-term goal of expanding into high-growth sectors.

Additionally, RSTL has taken significant strides in the renewable energy sector by acquiring a 40% stake in Oram Green Energy Limited, a newly incorporated company focusing on green energy solutions.

Management Insights

Richi Bansal, Executive Director & CEO of RSTL, highlighted that despite the volatile operating environment, the company has achieved steady volume growth. Sales volumes increased by 7% year-on-year (YoY), rising from 131,137.81 metric tonnes in 9MFY24 to 139,956.23 metric tonnes in 9MFY25.

However, revenue in value terms declined by 21.70% in FY24 compared to FY23 due to fluctuations in raw material prices.

Conclusion

RSTL’s Q3FY25 results highlight steady financial performance and strategic diversification. The company’s expansion into the defence and renewable energy sectors, coupled with stake acquisitions, indicates a long-term growth vision. While challenges such as raw material price fluctuations remain, RSTL’s focus on cost efficiency and market expansion positions it for sustained progress in the coming quarters.

 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.

Ramco Systems has announced a significant milestone with the successful implementation of its aviation software for Philippine Airlines’ (PAL) domestic fleet, PAL Express (PALEx). This move marks a critical step in the airline’s digital transformation journey, leading to improved operational efficiency, enhanced aircraft traceability, and streamlined resource management.

Following this development, Ramco Systems’ share price saw an uptick of over 3% as investors reacted positively to the announcement.

Enhancing Digital Operations for PAL

The new aviation suite, deployed on the cloud, optimises PALEx’s fleet operations, covering Airbus A321, A320, and Bombardier Q400 aircraft. The digital transformation aligns with PAL’s long-term strategy, and preparations are already in progress to extend the system to its mainline fleet, which includes Airbus A350, A330, Boeing 777, and additional A321 aircraft.

By implementing Ramco’s cloud-based aviation software, PAL aims to centralise data management and improve workflow efficiency. The software includes modules for:

• Engineering and CAMO (Continuing Airworthiness Management Organisation)
• Supply Chain Management
• Maintenance Planning
• Component and Hangar Maintenance
• Quality and Compliance Management
• Finance Integration

The system allows for real-time visibility into aircraft maintenance records, spare parts availability, and regulatory compliance, ultimately reducing downtime and improving turnaround efficiency.

Digital Enablers and Process Automation

One of the standout features of Ramco’s solution is its Ramco Anywhere mobile apps, which provide real-time data insights to streamline operations. The software also supports digital task cards, AI-powered maintenance suggestions, and automated workflows that help reduce manual intervention and errors.

PAL Express President, Rabbi Vincent L. Ang, highlighted that the adoption of Ramco Aviation Suite will not only enhance aircraft availability but also automate key business processes, reduce operational costs, and provide actionable insights to support the airline’s expansion plans.

Industry-Wide Adoption of Ramco Aviation Solutions

Ramco Systems has a strong presence in the aviation industry, with its software being used by over 24,000 users managing 4,000+ aircraft worldwide. Its clientele includes top airlines, third-party maintenance, repair and overhaul (MRO) providers, defence organisations, and urban air mobility firms.

The company has consistently focused on innovation, incorporating AI-based solutions, intelligent voice interfaces, offline maintenance capabilities, and cognitive analytics to help aviation businesses stay ahead of the curve.

Final Thoughts

The successful integration of Ramco Aviation Software into PAL’s fleet operations marks a major step towards digital transformation in the airline industry. With improved efficiency, data-driven decision-making, and enhanced aircraft traceability, PAL is set to optimise its operational framework.

As the company expands its solutions across PAL’s main fleet, industry observers will be keen to see how this partnership evolves and contributes to future growth.

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.

Adani Green Energy Limited (AGEL), a prominent Indian renewable energy company headquartered in Ahmedabad, is majority-owned by the Adani Group, with a minority stake held by TotalEnergies. The company operates the Kamuthi Solar Power Project, one of the world’s largest solar photovoltaic plants.

LOA by Uttar Pradesh

On February 25, 2025, AGEL announced that it had been awarded a Letter of Award (LOA) by Uttar Pradesh Power Corporation Limited (UPPCL) for an expansive 1,250 MW energy storage capacity through pumped hydro storage projects (PSP).

The Panaura PSP, a strategically significant development, will be located in Sonbhadra district, Uttar Pradesh. Designed for long-term sustainability, it comes with a minimum operational commitment of 40 years and is expected to be commissioned within the next six years.

Adani Green Energy 2030 Plan

Looking ahead, Adani Green Energy has ambitious plans to establish over 5 GW of hydro PSP capacity by 2030. The company has already commenced construction on several key projects, including:

• 500 MW hydro PSP at Chitravathi River, Andhra Pradesh

• 1,500 MW hydro PSP at Tarali, Maharashtra

• 1,800 MW hydro PSP at Gandikota, Andhra Pradesh

Pumped hydro storage is one of the most cost-efficient, technologically mature, and scalable energy solutions. By leveraging solar-generated electricity during daylight hours to pump water, these projects ensure reliable power supply during peak demand at night, reinforcing sustainable energy infrastructure.

Adani Green Energy Q3 FY25 Results

In Q3 FY25, AGEL reported a consolidated net profit of ₹474 crore, reflecting an 85% surge from ₹256 crore in the corresponding period last year. Revenue from power supply climbed 13% year-on-year to ₹1,993 crore, bolstered by the company’s continued expansion.

Operational capacity soared 37% year-on-year to 11,609 MW, while energy sales surged 23% to 20,108 million units, reinforcing AGEL’s position as a dominant force in India’s renewable energy sector.

Share Price Performance 

At 11:54 AM on February 27, 2025, Adani Green Energy Ltd. shares traded a 0.15% up at ₹841.90 per share 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.

Tata Power Company Limited, established in 1910, is India’s largest integrated power conglomerate and a pivotal entity within the esteemed Tata Group. Headquartered in Mumbai, Tata Power operates across the entire electricity value chain, encompassing generation, transmission, distribution, and trading.

MoU with Govt of Assam

On February 25, 2025, Tata Power announced the signing of a Memorandum of Understanding (MoU) with the Government of Assam at Advantage Assam 2.0, outlining plans to develop up to 5,000 MW of renewable and clean energy projects in the state. This ambitious initiative, involving solar, wind, hydro, and energy storage projects, is poised to attract an estimated investment of ₹30,000 crore over the next five years.

Under this strategic collaboration, the Assam Government will facilitate the identification and allocation of approximately 20,000 acres of encumbrance-free government land on a leasehold basis, alongside assistance in acquiring privately owned land suitable for renewable energy ventures.

Expedite Project Execution

To expedite project execution, the government has pledged to streamline statutory approvals through single-window clearances, offer financial incentives, and collaborate with research institutions to foster innovation in the renewable energy sector. Furthermore, tailored skill development programmes will be introduced to cultivate a highly trained workforce, essential for the successful implementation and operation of these projects.

In a parallel development, Tata Power’s subsidiary, Tata Power Renewable Energy Limited, has entered into a separate MoU with Assam Power Distribution Company Limited (APDCL) to propel the adoption of renewable energy and amplify energy efficiency across the state.

About Agreement

This agreement aims to significantly expand rooftop solar installations under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while simultaneously generating approximately 3,000 direct employment opportunities. This initiative is set to reinforce Assam’s transition to clean energy, driving sustainable economic growth and environmental stewardship.

Share Price Performance 

At 11:49 AM on February 27, 2025, Tata Power Company Ltd share price traded 2.53% down at ₹342.60 per share 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.

New Delhi is home to the headquarters of the international Indian Punjabi telecom company Bharti Airtel Limited. In addition to the Channel Islands, it operates in 18 South Asian and African nations. In India, Airtel currently offers 4G, 5G, and LTE Advanced services.

Discussing with Tata Play For Merger

Bharti Airtel has confirmed engaging in “bilateral discussions” with Tata Group regarding a potential merger of their direct-to-home (DTH) businesses—Bharti Telemedia and Tata Play.

Bharti Airtel stated, “We wish to submit that Bharti Airtel and Tata Group are in bilateral discussions to explore a potential transaction to achieve a combination of Tata Group’s DTH business housed under Tata Play with Bharti Telemedia, a subsidiary of Airtel, in a structure acceptable to all parties.”

DTH sector is Struggling 

This development comes at a time when India’s DTH sector grapples with a dwindling subscriber base as viewers increasingly gravitate towards more flexible digital content alternatives, leading to a decline in revenue streams. Industry analysts collectively suggest that consolidation is the most viable pathway for the DTH segment’s survival.

According to the latest Telecom Regulatory Authority of India (TRAI) Performance Indicators Report, the total active subscriber base shrank from 62.17 million in June 2024 to 59.91 million in September 2024. However, amidst the industry-wide contraction, Bharti Telemedia’s Airtel Digital TV has bucked the trend by witnessing an upsurge in its subscriber count.

Statement From Bharti Airtel

“In the DTH segment, we gained 29,000 new customers this quarter,” revealed Gopal Vittal, Vice-Chairman and Managing Director of Bharti Airtel, in a recent earnings call. “Our unwavering focus on a streamlined pricing structure, compelling content offerings, and an integrated approach has led to consistent market share expansion.”

Share Price Performance 

At 11:34 AM on February 27, 2025, Bharti Airtel Ltd shares traded a 0.51% up at ₹1,649.80 per share 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.

India’s biggest non-banking financial company (NBFC) with a focus on gold loans is Muthoot Finance Ltd. The company, which has its headquarters in Kochi, Kerala, has established a strong reputation in the financial industry by providing a variety of services beyond gold loans, such as business and personal loans, insurance, money transfers, and gold coin sales.

Approval From RBI 

Muthoot Finance Ltd, India’s largest non-banking financial company (NBFC) specialising in gold loans, has received approval from the Reserve Bank of India (RBI) to expand its footprint with 115 new branches. 

In a regulatory filing on February 26, 2025, Muthoot Finance informed the stock exchanges of this significant development. The RBI has advised the company to furnish details of the newly established branches while also ensuring robust security measures and appropriate storage facilities for gold jewellery, including secure vaults.

RBI Guidelines 

The RBI’s letter stated, “With reference to your letter dated November 28, 2024, seeking permission for the opening of new branches, we hereby grant approval for the establishment of 115 branches as requested. 

You are also advised to inform the bank of the details of the branches once operational. Furthermore, the company is instructed to implement adequate security arrangements and ensure proper storage for gold jewellery, including safe deposit vaults, in accordance with prevailing regulations.”

Muthoot Finance Q3 FY25 Results

This expansion follows Muthoot Finance’s robust financial performance in the third quarter of the fiscal year. Earlier this month, the company reported a stellar 26% year-on-year surge in net profit, reaching ₹1,389 crore compared to ₹1,104 crore in Q3 of the previous financial year. Revenue from operations witnessed an impressive 36% year-on-year growth, soaring to ₹5,190 crores from ₹3,820 crores in the corresponding quarter of FY24. Meanwhile, the company’s interest income stood at ₹5,067 crore.

Share Price Performance 

At 11:32 AM on February 27, 2025, Muthoot Finance Ltd shares traded 1.36% up at ₹2,212.95 per share 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.

Vesuvius India Ltd has approved a stock split, the first in the company’s history. The board has decided to split each equity share with a face value of ₹10 into ten shares of ₹1 each. This is aimed at improving liquidity and making the stock more accessible to retail investors. The record date for the split will be announced after shareholder approval at the Annual General Meeting (AGM).

Dividend Recommendation

The company’s board has also recommended a dividend of ₹14.50 per share for the financial year ending December 31, 2024. The record date for the dividend has been set for May 1, 2025, and the payout will take place after shareholder approval at the AGM on May 8, 2025.

Stock Performance

Vesuvius India Ltd. surged 3.41% to ₹4,180, gaining ₹137.65 as of February 27, 11:52 AM. The stock has seen fluctuations over the past year. It is currently down 48% from its May 2024 high of ₹6,000 but has rebounded 34% from its 52-week low of ₹3,016.95.

Over the past year, the stock has gained 20% but declined 5.6% in February, following losses of 5.75% in January and 15.4% in December.

Company Overview

Vesuvius India Ltd manufactures refractory products used in steel production. It is a subsidiary of Vesuvius Group Limited, UK and has been operating in India since 1991. The company produces monoblock stoppers, ladle shrouds, tundish nozzles, and other industrial materials.

The board meeting, held on February 26, 2025, also approved the audited financial results for the year ending December 31, 2024. The company has been consistent in issuing dividends but has never offered a bonus issue.

Financial Performance

For the quarter ending December 2024, Vesuvius India reported:

• Revenue: ₹507.5 crore, up 23% from ₹413.5 crore in the same quarter last year.
• Net Profit: ₹68.46 crore, a 13.57% increase from ₹60.28 crore a year ago.
• EBITDA Growth: 5% year-on-year.
• EBITDA Margin: Declined by 300 basis points to 15.9% due to higher input costs.

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.