Sumit’s Portfolio (15-10-2024)
Here’s a summary of the key updates for UGRO Capital Limited for the quarter ended September 30, 2024 (Q2 FY25):
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AUM Growth:
- Total Assets Under Management (AUM) crossed INR 10,200 Cr, compared to INR 9,218 Cr in the previous quarter (Q1 FY25) and INR 7,592 Cr in the same quarter last year (Q2 FY24), reflecting a 34% YoY growth.
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Loan Origination:
- Achieved the highest-ever quarterly net loan origination of INR 1,970 Cr, up from INR 1,146 Cr in Q1 FY25 and INR 1,477 Cr in Q2 FY24.
- Significant growth in Micro Enterprises loans, with disbursements doubling to INR 450 Cr in Q2 FY25 compared to INR 209 Cr in Q1 FY25. This segment now contributes 11% to AUM, up from 8% in Q2 FY24.
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Co-Lending and Liability Profile:
- Co-lending volumes reached INR 600 Cr, the highest ever, expanding partnerships to 9 banks and 7 NBFCs.
- Mobilized INR 1,100 Cr in borrowing during Q2 FY25, compared to INR 375 Cr in Q1 FY25.
- Total liabilities (excluding Direct Assignment) stand at INR 5,300 Cr, with a diversified borrowing mix: 45% from banks, 31% from capital markets, and 26% from Development Financial Institutions (DFIs) and Financial Institutions (FIs).
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Ratings and Recognition:
- Received an upgrade from India Ratings to ‘IND A+/ Stable’ for long-term and ‘IND A1+’ for short-term borrowings.
- UGRO Capital was awarded Best Fintech Lender of the Year by Financial Express.
ugro updates.pdf (2.9 MB)
Paras Defence secures arms licence from Govt; share price jumps 5% (15-10-2024)
The company has been granted a licence under the Arms Act, 1959, by the Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, Government of India
HDFC AMC Q2 Results: Net profit rises 32% YoY to Rs 577 crore (15-10-2024)
HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC’s profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24).
Sumit’s Portfolio (15-10-2024)
Infollion Research Services Limited: Financial Performance Overview (H1 FY2024 vs H1 FY2023)
| Particulars | H1 FY2024 (₹ Lakhs) | H1 FY2023 (₹ Lakhs) | Percentage Change (%) |
|---|---|---|---|
| Revenue from Operations | 3,518.86 | 2,510.91 | +40.14% |
| Total Income | 3,618.00 | 2,543.80 | +42.23% |
| Cost of Sales | 1,854.93 | 1,333.44 | +39.11% |
| Employee Benefits Expenses | 807.94 | 544.69 | +48.33% |
| Other Expenses | 142.18 | 96.37 | +47.54% |
| Profit Before Tax (PBT) | 793.73 | 565.57 | +40.30% |
| Profit After Tax (PAT) | 593.81 | 422.90 | +40.35% |
Exide Energy Solutions to acquire 26% stake in solar power firm, shares dip 1.5% (15-10-2024)
The agreements mark a significant step in Exide’s efforts to integrate sustainable energy solutions into its operations, potentially reducing its carbon footprint and energy costs in the long term
Bajaj Auto Q2 results preview: Robust volumes to drive revenue growth by up to 29% YoY. PAT may jump by up to 24% (15-10-2024)
Bajaj Auto is expected to report a 24%-29% YoY growth in September quarter revenue, led by robust volume uptick and ASP increase. Revenue is estimated in the range of Rs 13,336-13,545 crore. YoY net profit (adjusted) growth is likely to be at 22%-24%, putting PAT in the range of Rs 2,246-2,275 crore. Kotak Equities has the highest revenue estimates, while Yes Securities is most bullish on PAT.
Sumit’s Portfolio (15-10-2024)
Anand Rathi Q2 Performance :
Anand Rathi Wealth Limited (ARWL) had a strong Q2 FY25, with total revenue reaching ₹249.6 crore—a 32% year-over-year growth. Profit After Tax (PAT) also increased by 32%, standing at ₹76.3 crore, maintaining a solid margin of 30.6%.
Their Assets Under Management (AUM) grew by 57% to ₹75,084 crore, reflecting their success in both attracting new clients and deepening existing relationships. Client growth hit nearly 20%, and the addition of 374 relationship managers (+20% YoY) supports this expansion.
Costs, like employee expenses, grew but remained efficient relative to revenue. Client attrition was minimal, showing strong loyalty with only 0.2% of AUM lost.
Looking ahead, ARWL raised its FY25 revenue target to ₹980 crore and AUM to ₹80,000 crore. The board declared an interim dividend of ₹7 per share, further rewarding shareholders.
In summary, ARWL continues to scale its business, grow profits, and capitalize on opportunities in India’s wealth management sector.