Astec LifeSciences Limited announced a challenging first quarter of the fiscal year 2025, with a consolidated total income of ₹70.3 crore compared to ₹144.6 crore in the same period last year. The company reported a substantial consolidated EBITDA loss of ₹45.3 crore, a stark contrast to the ₹4.8 crore profit recorded in Q1 FY24. The …
CESC Limited has announced a strategic acquisition that significantly enhances its footprint in the renewable energy sector. The company has acquired a 63.91% equity stake in Purvah Green Power Private Limited (Purvah), making Purvah a direct subsidiary of CESC Limited. Prior to this acquisition, Purvah was a wholly-owned subsidiary of Crescent Power Limited, which itself …
Balmer Lawrie & Co. Ltd, a Mini Ratna Category – I Public Sector Enterprise (PSE) with a diverse range of business portfolios, announced its financial results for the quarter ending June 30, 2024. The results received approval from the Board in its meeting held on July 29, 2024. For the first quarter of FY25, Balmer …
Adani Total Gas Limited reported that its total number of EV charging points reached 1,212 by the end of June 2024, with an additional 740 points currently under construction, according to CEO Suresh Mangalani during the company’s Q1 earnings presentation on Monday. “We anticipate these new charging points will soon be operational, expanding our network …
Quess Corp, one of the leading business services providers in India, announced its Q1FY25 financial results. The company has achieved a 9% increase in revenues and a 19% rise in EBITDA compared to the previous year. For the first time, Quess has surpassed ₹5,000 crore in quarterly revenue, reaching ₹5,003 crore, and has expanded its …
Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results for the quarter ended June 30, 2024. Financial Highlights of Q1 FY25 – Consolidated The company’s revenue increased by 8.2% year-on-year to ₹4,587 crores, driven by the Transmission & Distribution (T&D) and Building & Factories (B&F) businesses. The EBITDA stood at …
In the midst of the recent market turbulence and subsequent recovery, strategic portfolio diversification stands out as a wise choice. Within this market turmoil, a notable figure in the cement industry stands out as it experiences a trend reversal price pattern breakout. JK Lakshmi Cement Ltd. is a prominent player in the cement sector, specializing …
India Cements, a stalwart in the cement manufacturing sector of the Indian subcontinent, is embarking on a strategic financial manoeuvre to secure its operational and expansion goals. With plans to raise a substantial ₹750 crore through bonds, the company has positioned itself at the nexus of industry challenges and forward-looking capital investments. This decision, orchestrated …
Dalmia Bharat Limited, one of the leading cement manufacturers, recently released its results for the quarter and year ended March 31, 2024. During FY2024, the company witnessed a growth of 11.8% on a YoY basis to 28.8 MnT. The installed cement capacity rose by 15.6% YoY to 44.6 MnT, and it has been recognised as …
The cement sector plays an important role in the development of the country’s infrastructure while it also plays a critical role in fulfilling one of the most important basic human needs, i.e Housing. While infrastructure accounts for ~26-27% of the cement consumption in India, Housing (both Urban and Rural) which also includes low-cost housing, accounts …
