Sales reported at Rs 0.02 crore
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VST Tillers Tractors consolidated net profit rises 22.91% in the September 2024 quarter (04-11-2024)
Sales rise 1.77% to Rs 283.43 crore
Olectra Greentech – Electric Bus Opportunity (04-11-2024)
Latest concall Transcript after Q2 results.
Looking for expert comments.
What is the capacity of other players in the market as of today? Any idea about the current orderbook of each of the competitors?
Disc: Entered today at current levels and positively biased due to my investment.
Sydney Marathon joins Elite World Major Series, TCS expands running portfolio (04-11-2024)
TCS Sydney Marathon becomes the seventh race in the Abbott World Marathon Majors Series
SEBI’s new ‘MF Lite’ rules set to ease entry for passive-only mutual fund players (04-11-2024)
These initiatives include reducing net worth and profit track record requirements specifically for firms focusing on passive management, allowing existing fund houses to branch out their passive strategies
European shares open flat as tech losses offset mining, energy gains (04-11-2024)
European shares were flat at the open on Monday as losses in tech stocks offset gains in resources-linked shares, while the focus remains on the U.S. presidential elections.
Electric Cars/Bus :: Call it a Disruption? (04-11-2024)
After quite some time, I am reviewing Olectra for its good results. Looks like new greenfield own plant is ready with a capacity of 200 buses per month. Teething issues are behind and 156 buses in Q1 and 315 buses in Q2 rolled out from there. H2 they are sure about rolling out 1000+ buses and capacity to roll-out 2500-5000 buses in 2015-16 and 10000 bus capacity by 2016-17. Valuation cooled little bit from the roof as good Q1 & Q2 results did not positively impact the stock prices. They claim to cross be the first to have 10000 bus order book ahead of Switch Mobility, Tata Motors and JBM Auto etc. Their insulator division also doing good with good margins. They claim that agreement is in place with BYD until Dec 2030. JBM Auto results did not see much change and I cannot see any concalls or Investor presentations from them. I did not yet study how both Tata Motors or Switch Mobility from Ashok Leyland doing. Other competition names I noticed in documentations are PMI Foton and JBM Solaris (Latest credit rating report by ICRA). If execution happens as promised, situation looks good.
What are the counter thesis? BYD-China disruption is a key risk. Promoter shadiness/connections and recently has names in Electoral Bonds could be another.
Those who track Electric Buses space closely, can you more details comparing current players. Concalls speaking that Govt intends to roll-out 8 Lakh e-buses by 2030. Other than overall market sentiments/fear of correction and elevated valuation compared to other players, are there other concerns? Any one is tracking the order book/Plant capacity/last 2 quarter delivery numbers of JBM Auto, Tata Motors, Switch Mobility and other players? Ashok Leyland latest concall I could notice about 960 bus orders for this year and 400 for next year.
Disc: Entered Olectra around current levels for about 5% of PF. Not qualified to advise.
Exide Inds Q2 PAT rises 4% YoY to Rs 298 crore (04-11-2024)
Exide Industries reported 3.75% rise in net profit to Rs 297.77 crore on 3.91% rise in revenue from operations to Rs 4,267.30 crore in Q2 FY25 over Q2 FY24.