SSJ FINANCE – Official

Bulls Need to Close Above 24500 To Gain Control !!

FII CM in CY24 till date (Rs crs) -2,59,328
DII CM in CY24 till date (Rs crs) 4,61,881

The Reserve Bank of India's recent regulatory changes, including increased risk weights on bank lending to non-bank financial companies (NBFCs), have led to a funding slowdown for these lenders. This credit squeeze, particularly impacting unsecured and digital lending NBFCs, is likely to curb retail credit growth in the coming year. (ET)

The Reserve Bank of India's recent regulatory changes, including increased risk weights on bank lending to non-bank financial companies (NBFCs), have led to a funding slowdown for these lenders. This credit squeeze, particularly impacting unsecured and digital lending NBFCs, is likely to curb retail credit growth in the coming year. (ET)

Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November. (ET)

of Rs 30.9 crore, up from Rs 27.6 crore Y-o-Y. Revenue for Q2FY25 reached Rs 218 crore, compared to Rs 170 crore in Q2FY25 FY23. Ebitda stood at Rs 54.6 crore, up from Rs 45.6 crore last year, with an Ebitda margin of 25.09 per cent, slightly lower than 26.60 per cent in the same quarter last year. (BS)

AGI Greenpac’s Q2FY25 net profit stood at Rs 72.08 crore, compared to Rs 56.14 crore in the same period last year. Revenue for the quarter decreased slightly to Rs 60 crore from Rs 61.5 crore Y-o-Y. However, Ebitda improved to Rs 154 crore, up from Rs 134 crore last year, with an Ebitda margin of 25.74 per cent, compared to 21.75 per cent in Q2FY25 FY23. (BS)

Aavas Financiers reported a Q2FY25 net profit of Rs 150 crore, up from Rs 120 crore in the same period last year. Revenue for the quarter reached Rs 580 crore, compared to Rs 497 crore in Q2FY25 FY23. (BS)

NCC reported a Q2FY25 net profit of Rs 163 crore, up from Rs 77.3 crore in the same period last year. (BS)

Brigade Enterprises has signed a Joint Development Agreement (JDA) to develop 1 million square feet of residential apartments in West Chennai. The project is estimated to have a Gross Development Value (GDV) of about Rs 800 crore. (BS)

Indian Metals & Ferro Alloys (IMFA) reported a Q2FY25 net profit of Rs 125 crore, up from Rs 89.2 crore in the same period last year and Rs 113 crore in the previous quarter. The company's revenue remained flat at Rs 690 crore, compared to the same period last year. Ebitda increased to Rs 170 crore from Rs 150 crore Y-o-Y, with the Ebitda margin rising to 24.63 per cent, up from 21.69 per cent in Q2FY25 FY23. (BS)

Disa India posted a Q2FY25 net profit of Rs 12.49 crore, up from Rs 8.3 crore in the same period last year and Rs 15.19 crore in the previous quarter. Revenue for the quarter was Rs 86.74 crore, compared to Rs 80.5 crore in Q2FY25 FY23. The company’s Ebitda stood at Rs 12.06 crore, compared to Rs 11.16 crore in the previous year. The Ebitda margin remained stable at 13.9 per cent, almost the same as last year's 13.87 per cent. (BS)

Mahanagar Gas has entered into a partnership for cell manufacturing with International Battery Co., India Pvt Ltd. As part of this deal, Mahanagar Gas will hold at least 40 per cent of IBC India, with an investment of Rs 230 crore in the venture. (BS)

Cummins India delivered a solid Q2FY25 performance with a net profit of Rs 450 crore, up from Rs 330 crore in the same period last year and Rs 420 crore in the previous quarter. The company’s revenue increased to Rs 2,450 crore, compared to Rs 1,870 crore in Q2FY25 FY23. The Ebitda rose to Rs 480 crore from Rs 339 crore last year, and the Ebitda margin improved to 19.65 per cent, up from 18.12 per cent in Q2FY25 FY23. (BS)

Wipro launched the ‘Google Gemini Experience Zone’ in Bengaluru to drive AI innovation for enterprises. This zone will offer businesses a chance to leverage Google’s cutting-edge AI technologies to improve their operations. (BS)

Adani Enterprises announced that the National Company Law Tribunal (NCLT) in Ahmedabad has sanctioned the merger of its subsidiary Stratatech Mineral Resources Pvt Ltd (SMRPL) with Mahan Energen Ltd (MEL), marking an important restructuring step in the company’s operations. (BS)

G R Infraprojects reported a Q2FY25 net profit of Rs 194 crore, down from Rs 220 crore in the same period last year but higher than Rs 156 crore in the previous quarter. Revenue for the quarter decreased to Rs 1,394 crore from Rs 1,882 crore Y-o-Y. Despite the drop in revenue, the company saw an improvement in its Ebitda margin, which rose to 25.32 per cent from 24.81 per cent in Q2FY25 FY23. (BS)

Uniparts India reported a decline in Q2FY25 net profit to Rs 21.1 crore, compared to Rs 33 crore in Q2FY25 FY23. Revenue also decreased to Rs 240 crore from Rs 294 crore Y-o-Y. Ebitda dropped to Rs 36.58 crore from Rs 53.6 crore last year, and the Ebitda margin contracted to 15.15 per cent, down from 18.26 per cent in Q2FY25 FY23. (BS)

Windsor Machines reported a Q2FY25 net loss of Rs 26 crore, a sharp decline from a net profit of Rs 1.5 crore in the same period last year and a loss of Rs 4.07 crore in the previous quarter. Revenue for Q2FY25 fell to Rs 59.1 crore from Rs 89.3 crore Y-o-Y. (BS)

Shree Rama Multi-Tech reported a Q2FY25 net profit of Rs 5.28 crore, up from Rs 2.6 crore in the same period last year. Revenue increased to Rs 52.5 crore, compared to Rs 43.6 crore in Q2FY25 FY23. The company’s Ebitda improved to Rs 7.3 crore, up from Rs 4.06 crore last year, with an Ebitda margin of 13.90 per cent, compared to 9.33 per cent in Q2FY25 FY23. (BS)

Allcargo Gati posted a Q2FY25 net profit of Rs 3 crore, reversing a loss of Rs 19 lakh in the same period last year. Revenue for the quarter stood at Rs 426 crore, slightly lower than Rs 440 crore in Q2FY25 FY23. The company’s Ebitda rose to Rs 17.9 crore from Rs 14.9 crore last year, with the Ebitda margin improving to 4.20 per cent from 3.37 per cent Y-o-Y. (BS)

Yatharth Hospital reported a net profit

quarter of the previous fiscal, Cochin Shipyard posted a net profit of ₹182 crore, the company said in a regulatory filing. The company's revenue from operations increased 13% to ₹1,143.2 crore as against ₹1,011.7 crore in the corresponding period of the preceding fiscal. (CNBCTV18)

Indian Hotels reported its financial results for the second quarter (Q2) and first half (H1) of the fiscal year 2024-25 on Thursday, November 7. The company continued its upward momentum for the 10th consecutive quarter. For the second quarter, IHCL witnessed a 28% year-on-year increase in revenue, reaching ₹1,890 crore. The company also reported a 40% rise in EBITDA to ₹565 crore, while its EBITDA margin expanded by 2.7 percentage points to 29.9%. (CNBCTV18)

NHPC reported a 41.2% decline in net profit for the second quarter, posting ₹909 crore compared to ₹1,546 crore in the same quarter last year. The drop in profitability comes despite a 4.1% increase in revenue, which reached ₹3,052 crore, up from ₹2,931.3 crore in the corresponding period last year. The company’s operational revenue in Q1 stood at ₹2,694 crore, indicating a steady upward trend from the previous quarter. (CNBCTV18)

SAIL reported a decline in second-quarter profit on Thursday (November 7) as a sharp fall in steel prices and tepid demand weighed on the public sector firm's quarterly performance. SAIL's consolidated net profit dropped over 31% to ₹897.2 crore in the three months ended September 30, 2024. A year ago in the same period, the PSU had posted a net profit of ₹1,305.6 crore. Second quarter revenue declined 17% to ₹24,675 crore on a YoY basis from ₹29,712 crore. (CNBCTV18)

Emami’s revenue from operations rose to ₹890.59 crore, up 3% increase from ₹864.87 crore in the same period last year. For the half-year, revenue grew to ₹1,796.66 crore, up 6.3% from ₹1,690.53 crore the previous year. Total income reached ₹912.15 crore, up from ₹875.98 crore year-on-year. Profit after tax (PAT) increased to ₹210.99 crore for the quarter, a 17.2% rise from ₹179.99 crore last year. For the half-year, PAT reached ₹361.59 crore, up from ₹316.74 crore, an increase of 14.2%. (CNBCTV18)

Lupin’s net profit for Q2 stood at ₹852.6 crore, comfortably beating the CNBC-TV18 poll estimate of ₹746.7 crore. Revenue came in at ₹5,672.7 crore, outpacing the forecasted ₹5,564.8 crore, while EBITDA reached ₹1,340.4 crore against an expected ₹1,220.4 crore. The company’s EBITDA margin also outperformed estimates, coming in at 23.6% compared to the 22% anticipated by analysts. (CNBCTV18)

IRCON Q2 net profit came in at ₹206 crore, down 17.8% year-on-year (YoY) from ₹250.7 crore in the same period last year. However, this marked an increase from the previous quarter, when net profit stood at ₹176.51 crore. Revenue for the quarter fell by 19.3% YoY to ₹2,447.5 crore, down from ₹3,033.3 crore in the corresponding quarter last year. (CNBCTV18)

ITD Cementation reported a 34.3% year-on-year (YoY) surge in net profit at ₹72 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹53.6 crore. Revenue from operations increased 23.6% to ₹1,991 crore against ₹1,610.4 crore in the year-ago period. At the operating level, EBITDA increased 15% to ₹181.7 crore in the second quarter of this fiscal over ₹158 crore in Q2 of FY24. (CNBCTV18)

RVNL’s net profit fell 27% year-on-year (YoY) to ₹286.9 crore, down from ₹394.3 crore in the same period last year, due to lower operating margins and reduced earnings. Revenue from operations for the rail PSU declined by 1.2% YoY to ₹4,855 crore, compared to ₹4,914.3 crore in Q2 FY24. EBITDA dropped 9% to ₹271.5 crore, with margins narrowing to 5.6% from 6% in the year-ago period, indicating rising operational pressures. (CNBCTV18)

Astral reported a 17.5% decline in net profit for the second quarter of FY25, with profit coming in at ₹108.7 crore compared to ₹131.7 crore in the same period last year. The drop in profit was primarily driven by a contraction in EBITDA, which stood at ₹210.2 crore, down 4.5% YoY. Consequently, the company’s EBITDA margin decreased to 15.3% from 16.2% a year ago. (CNBCTV18)

Emcure Pharma reported a 38.2% year-on-year (YoY) increase in net profit for three months ended September 30, 2024, reaching ₹202 crore, compared to ₹145.8 crore in the same period last year. Revenue grew by 20.4% YoY to ₹2,002 crore, up from ₹1,663 crore in Q2 last fiscal. The company’s EBITDA rose 15.7% to ₹380.8 crore, from ₹329 crore a year ago, while its margin slightly contracted to 19% from 19.8% in the previous year. (CNBCTV18)

Cochin Shipyard reported a 4% year-on-year (YoY) increase in net profit at ₹189 crore for the second quarter that ended September 30, 2024. In the corresponding

TVS Mobility, led by TS Rajam's successors, is seeking to raise Rs 2,000 crore from banks and credit funds. The funds will be used for capital expenditure and debt repayments. Standard Chartered Bank is anchoring the fundraising. TVS Mobility had previously secured short-term loans to repay dues to Kotak Special Situations Fund. (ET)

Bangladesh's power board has issued a new letter of credit worth $173 million to Adani Power for continued electricity supply. This follows Adani's decision to reduce power supply by half due to unpaid dues exceeding $843 million. This marks the third LC provided by the Bangladesh Power Development Board to Adani Power to resolve the payment dispute. (ET)

After a consortium failed to revive the grounded airline, the Supreme Court has ordered the liquidation of Jet Airways. The court ruled that the Jalan-Kalrock consortium's resolution plan was not feasible, ending a five-year insolvency process. Jet Airways, once a leading Indian carrier, ceased operations in 2019 due to financial troubles. (ET)

Solar Energy Corporation of India (SECI) banned Reliance Power and subsidiaries from its renewable energy tenders. SECI found a Reliance subsidiary submitted a fake bank guarantee. Reliance Power denied wrongdoing and claimed to be a victim of fraud. The company will challenge SECI's decision. Reliance Power aims to expand in renewable energy. This incident forced SECI to cancel the tendering process. (ET)

Mahindra Group anticipates its express business to become profitable by the year's end, driven by a renewed focus on volume growth and cost efficiency. The company's logistics arm, Mahindra Logistics Ltd (MLL), has been working to integrate the B2B express business of Rivigo, acquired in 2022, and expects to achieve profitability through increased volumes and improved cost leverage. (ET)

Driven by strong automobile sales, Mahindra and Mahindra reported a 35 per cent rise in consolidated net profit at ₹3,170 crore for the quarter that ended in September against ₹2,347 crore reported during the same quarter last year. This, however, is a 3.41 per cent (₹3,282 crore) dip from the June quarter. (BL)

Kennametal India Limited, a supplier of tooling and engineering solutions, reported a profit after tax (PAT) ₹25 crore for the quarter ending on 30 September, up by 46 per cent year-on-year (YoY) compared to ₹17.1 crore in Q1FY24. (BL)

Leading water technology player Va Tech WABAG Ltd (WABAG) has reported a 17 per cent increase in its consolidated profit after tax (PAT) at ₹70 crore for the quarter ended September 30, from ₹60 crore in the year-ago quarter. (BL)

Tata Steel plans to weigh-in the option of re-looking at its fresh capex plans given the relentless cheap imports and subsequent pricing pressure in the domestic markets.
TV Narendran, Managing Director & CEO, Tata Steel told businessline that from industry perspective India should be producing steel rather than just exporting iron ore and importing steel. (BL)

Andhra Sugars Ltd has announced that its aspirin manufacturing facility in Venkatarayapuram in Andhra Pradesh has passed a US Food and Drug Administration (FDA) inspection. The inspection, which took place in September, determined that the facility is in compliance with all applicable USFDA standards. (BL)

Bharti Airtel’s (Airtel) promoter Bharti Telecom has purchased around 1.2 per cent stake in the company from the Bharti family’s investment firm Indian Continent Investment Ltd. (BL)

Tatas-owned Trent Ltd reported a 44 per cent rise in consolidated net profit in the second quarter of FY25 and revenue rose 39 per cent to ₹4,156.7 crore. However, the results missed street estimates sending the shares slumping over 7 per cent. (BL)

FII CM in CY24 till date (Rs crs) -2,55,924
DII CM in CY24 till date (Rs crs) 4,60,132