Gillette India shares surge 11% on strong September quarter performance
Tue, Oct 29, 2024 12:02 PM

Gillette India shares surge 11% on strong September quarter performance

Gillette India shares soared 11.5% on Tuesday, October 29, after the company reported a 43.5% year-on-year growth in profit after tax at ₹133.01 crore in the September quarter. This was driven by strong growth in Gillette India's grooming business and strategic product expansion. The company had posted a profit after tax (PAT) of ₹92.69 crore in the corresponding quarter of the previous year.

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Buy Ambuja Cements; target of Rs 710: Motilal Oswal
Tue, Oct 29, 2024 11:58 AM

Buy Ambuja Cements; target of Rs 710: Motilal Oswal

Ambuja Cements' 2QFY25 earnings surpassed estimates, driven by higher volumes and incentive incomes, with consolidated EBITDA at INR11.1b, 38% above estimates. The company plans to increase its market share to 20% by FY28E through capacity expansions. Motilal Oswal maintains a BUY rating with a target price of INR710, based on 20x Sep'26E EV/EBITDA.

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Buy Ajanta Pharma; target of Rs 3470: Motilal Oswal
Tue, Oct 29, 2024 11:58 AM

Buy Ajanta Pharma; target of Rs 3470: Motilal Oswal

Ajanta Pharma's 2QFY25 performance was in line with expectations, driven by strong growth in Asia/Africa sales and outperformance in the Domestic Formulation industry. The company is expected to maintain its growth momentum, with 13%/16%/17% CAGR in Revenue/EBITDA/PAT over FY25-27. The target price has been set at INR3,470, with a BUY recommendation.

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Buy Indian Bank; target of Rs 650: Motilal Oswal
Tue, Oct 29, 2024 11:57 AM

Buy Indian Bank; target of Rs 650: Motilal Oswal

Indian Bank reported a 36% YoY increase in PAT to INR27.06b, beating estimates by 6%, driven by lower provisions and higher other income. NII grew 7.9% YoY, and net advances rose 13.2% YoY, with a C/D ratio of 76.9% and CASA ratio of 38.9%. Motilal Oswal reiterated a BUY rating with a target price of INR650.

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Buy JSW Infrastructure; target of Rs 350: Motilal Oswal
Tue, Oct 29, 2024 11:56 AM

Buy JSW Infrastructure; target of Rs 350: Motilal Oswal

JSW Infrastructure reported 18% YoY revenue growth to INR10b in 2QFY25, driven by 16% YoY cargo volume growth. EBITDA margin dipped to 52.0%, and APAT grew 5% YoY to INR2.6b. The company generated INR6.8b in CFO during 1HFY25 and has a cash balance of INR29b. Motilal Oswal reiterates a BUY rating with a revised target price of INR350.

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Norwest leads Vridhi Home Finance’s Series B round
Tue, Oct 29, 2024 11:53 AM

Norwest leads Vridhi Home Finance’s Series B round

Vridhi Home Finance has raised $36.9 million in a Series B round led by Norwest Venture Partners, with existing investor Elevation Capital also participating. The funds will be used to expand into new markets and enhance its tech infrastructure, enabling the company to increase access to home ownership in underserved segments.

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TCS bags a 15-year contract!
Tue, Oct 29, 2024 11:52 AM

TCS bags a 15-year contract!

Tata Consultancy Services wins a 15-year contract with Ireland's Department of Social Protection to implement and support the country's new auto-enrolment retirement savings scheme, "My Future Fund", providing a comprehensive digital solution for 800,000 workers. TCS will leverage its TCS BaNCS platform and ecosystem to oversee the administration of the scheme.

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Saint-Gobain Standalone September 2024 Net Sales at Rs 51.62 crore
Tue, Oct 29, 2024 11:51 AM

Saint-Gobain Standalone September 2024 Net Sales at Rs 51.62 crore

Reported Standalone quarterly numbers for Saint-Gobain Sekurit are: Net Sales at Rs 51.62 crore in September 2024 down 4.41% from Rs. 54.00 crore in September 2023. Quarterly Net Profit at Rs. 8.27 crore in September 2024 down 4.41% from Rs. 8.66 crore in September 2023. EBITDA stands at Rs. 11.50 crore in September 2024 down 8.59% from Rs. 12.58 crore in September 2023.

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JSW Infra Standalone September 2024 Net Sales at Rs 126.87 crore
Tue, Oct 29, 2024 11:42 AM

JSW Infra Standalone September 2024 Net Sales at Rs 126.87 crore

Reported Standalone quarterly numbers for JSW Infrastructure are: Net Sales at Rs 126.87 crore in September 2024 up 5.8% from Rs. 119.91 crore in September 2023. Quarterly Net Profit at Rs. 116.19 crore in September 2024 up 410.95% from Rs. 22.74 crore in September 2023. EBITDA stands at Rs. 275.31 crore in September 2024 up 122.8% from Rs. 123.57 crore in September 2023.

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Sejal Glass Standalone September 2024 Net Sales at Rs 16.10 crore
Tue, Oct 29, 2024 11:36 AM

Sejal Glass Standalone September 2024 Net Sales at Rs 16.10 crore

Reported Standalone quarterly numbers for Sejal Glass are: Net Sales at Rs 16.10 crore in September 2024 up 32.2% from Rs. 12.18 crore in September 2023. Quarterly Net Profit at Rs. 0.03 crore in September 2024 up 119.64% from Rs. 0.17 crore in September 2023. EBITDA stands at Rs. 2.12 crore in September 2024 up 43.24% from Rs. 1.48 crore in September 2023.

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Asian Star Standalone September 2024 Net Sales at Rs 549.95 crore
Tue, Oct 29, 2024 11:35 AM

Asian Star Standalone September 2024 Net Sales at Rs 549.95 crore

Reported Standalone quarterly numbers for Asian Star are: Net Sales at Rs 549.95 crore in September 2024 down 27.19% from Rs. 755.27 crore in September 2023. Quarterly Net Profit at Rs. 14.20 crore in September 2024 down 5.07% from Rs. 14.96 crore in September 2023. EBITDA stands at Rs. 32.28 crore in September 2024 up 21.44% from Rs. 26.58 crore in September 2023.

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Aaron Industries Standalone September 2024 Net Sales at Rs 18.29 crore
Tue, Oct 29, 2024 11:05 AM

Aaron Industries Standalone September 2024 Net Sales at Rs 18.29 crore

Reported Standalone quarterly numbers for Aaron Industries are: Net Sales at Rs 18.29 crore in September 2024 up 30.64% from Rs. 14.00 crore in September 2023. Quarterly Net Profit at Rs. 1.82 crore in September 2024 up 52.02% from Rs. 1.20 crore in September 2023. EBITDA stands at Rs. 3.27 crore in September 2024 up 48.64% from Rs. 2.20 crore in September 2023.

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Patels Airtemp Standalone September 2024 Net Sales at Rs 81.87 crore
Tue, Oct 29, 2024 11:03 AM

Patels Airtemp Standalone September 2024 Net Sales at Rs 81.87 crore

Reported Standalone quarterly numbers for Patels Airtemp (India) are: Net Sales at Rs 81.87 crore in September 2024 down 3.94% from Rs. 85.23 crore in September 2023. Quarterly Net Profit at Rs. 3.15 crore in September 2024 down 5.32% from Rs. 3.32 crore in September 2023. EBITDA stands at Rs. 8.05 crore in September 2024 down 6.61% from Rs. 8.62 crore in September 2023.

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Dutron Polymers Standalone September 2024 Net Sales at Rs 19.54 crore
Tue, Oct 29, 2024 11:02 AM

Dutron Polymers Standalone September 2024 Net Sales at Rs 19.54 crore

Reported Standalone quarterly numbers for Dutron Polymers are: Net Sales at Rs 19.54 crore in September 2024 down 28.41% from Rs. 27.30 crore in September 2023. Quarterly Net Profit at Rs. 0.33 crore in September 2024 down 15.87% from Rs. 0.40 crore in September 2023. EBITDA stands at Rs. 0.90 crore in September 2024 down 14.29% from Rs. 1.05 crore in September 2023.

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Sacheta Metals Standalone September 2024 Net Sales at Rs 24.30 crore
Tue, Oct 29, 2024 11:00 AM

Sacheta Metals Standalone September 2024 Net Sales at Rs 24.30 crore

Reported Standalone quarterly numbers for Sacheta Metals are: Net Sales at Rs 24.30 crore in September 2024 up 11.37% from Rs. 21.82 crore in September 2023. Quarterly Net Profit at Rs. 0.50 crore in September 2024 up 35.14% from Rs. 0.37 crore in September 2023. EBITDA stands at Rs. 1.39 crore in September 2024 up 23.01% from Rs. 1.13 crore in September 2023.

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