It is for 3.4cr not 34cr.
Posts tagged Value Pickr
Shivalik Bimetal Controls Ltd (SBCL) (06-08-2024)
CFO, Mr. Rajeev Ranjan added:
“Our financial performance in Q1FY25 demonstrates the robustness of our business model
amidst a challenging market environment. Despite a 5.18% decrease in total income to ₹107.22
Crore, our strategic focus on volume growth yielded an 8.58% increase in product volumes,
underscoring the resilient demand for our products. This growth is a testament to our market
positioning and the effectiveness of our expansion strategies in Europe, Asia, and India.
The decline in profitability, with PBT falling by 18.75% to ₹21.75 Crore and PAT reducing by
19.41% to ₹16.30 Crore, reflects the impact of increased COGS also affecting our margins.
Looking forward, we are enhancing our R&D capabilities and operational efficiencies,
positioning us for long-term growth. We are implementing manufacturing cost management to
improve our margins.
Looking to the future, our market diversification strategy is yielding positive results, particularly
in the European market, where shunt resistor sales improved by 134.40% off a modest base.
This growth, along with significant gains in Asia, demonstrates our ability to capture highgrowth segments and adapt to regional market dynamics. While sales in the Americas faced
challenges, we are optimistic about a gradual recovery as the EV market stabilises and demand
picks up.”
Tata Power Limited (06-08-2024)
Tata Power to acquire 40% stake in Bhutanese hydropower project.
Tata Power is investing approximately Rs. 830 crore to acquire a 40% stake in Khorlochhu Hydro Power Limited (KHPL), a Bhutanese hydropower project.
Tata Steel – Would be merger be of any value? (06-08-2024)
Tata Steel’s merger with The Indian Steel & Wire Products Ltd approved.
The National Company Law Tribunal (NCLT) has officially sanctioned the merger of Tata Steel and The Indian Steel & Wire Products Ltd.
L&T Finance Holdings – Walking the Talk (06-08-2024)
L&T Finance secures NBFC-ICC license.
The company has officially received the necessary approval from the Reserve Bank of India to operate as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC). This is a significant milestone for L&T Finance as it transitions from its previous NBFC-Core Investment Company status. The change in license will likely allow the company to expand its lending and investment activities.
Deep Industries (DIL) (06-08-2024)
Margins of each verticals
Route Mobile – Internet, Mobile & Telecom (06-08-2024)
Route Mobile faces significant GST tax demand.
The company has received a notice from the GST authorities demanding a hefty sum of Rs. 34 crore for the period July 2017 to March 2019. The tax department claims discrepancies between the company’s GST returns and its financial records, along with penalties for delayed payments to suppliers and export-related issues.
Deep Industries (DIL) (06-08-2024)
Management interview on growth plan, capex and margins.
What Does Deep Industries Expects From The Oil & Gas Sector?: Group CFO & Director Gives Insights
Disc: invested
Protean EGov Technologies Ltd – A Play on the ONDC, Digital Policies (06-08-2024)
If you believe it’s a sunrise sector, then no need to stress about quarterly fluctuations, on a longer horizon growth will come lumpy.
Gabriel India Ltd. – Shock free ride? (06-08-2024)
Gabriel India Limited (GIL) has increased its stake in TP Solapur Solar Limited (TPSSL).
TPSSL is a special purpose vehicle set up to build a solar power plant for the collective use of multiple industrial consumers. GIL is one of these consumers and has now raised its ownership in TPSSL to 5.688%.