📊 Key Business Updates & Earnings
Transformers & Rectifiers – Q4 Earnings Highlights ⚡
- Net Profit: ₹94.2 Cr 📈 (▲135.5% YoY from ₹40 Cr)
- Revenue: ₹676.5 Cr 📈 (▲32% YoY from ₹513 Cr)
- EBITDA: ₹131.4 Cr 📈 (▲82.5% YoY from ₹72 Cr)
- EBITDA Margin: 19.4% 📈 (vs 14% YoY)
🔹 IRB Infrastructure Developers – Toll Collection Jumps
March toll collections rose 15.8% YoY to ₹556.8 Cr (vs ₹480.9 Cr), indicating strong highway traffic and recovery momentum.
🔹 Signature Global – Weak Pre-Sales, But Collection Grows
- Pre-sales: ₹16.2 Bn ⬇️ 61% YoY | ⬇️ 42% QoQ
- Area Sold: 1.36 msf ⬇️ 54% YoY | ⬇️ 45% QoQ
- Collections: ₹11.7 Bn ⬆️ 16% YoY | ⬆️ 8% QoQ
💡 Despite lower pre-sales, collection efficiency shows resilience in cash flow management.
Major Developments
🔹 Morgan Stanley Sees RBI Rate Cut Ahead – Expects a 25 bps cut, but cautions about a broad export slowdown, adding pressure to policy decisions.
🔹 Delhi EV Policy 2.0 Draft Out
- Ban on new CNG/diesel/petrol 3-wheelers (goods carriers) from Aug 15, 2025.
- Garbage vehicles to go electric, mandatory EV buy for 3rd car owners.
🔹 BPCL & Sembcorp JV – Signed agreement for Green Hydrogen & Renewable Energy projects. Boost for clean energy ambitions.
🔹 Cyient Semiconductor Push – Launches wholly owned chip subsidiary to tap into the booming global semiconductor market.
🔹 PM Modi at Rising Bharat Summit2025 Reiterates India’s trajectory to become 3rd largest economy soon.
🔹 Borge Brende’s Outlook – Warns of input cost rise for US firms, fueling inflation. However, says India is well-positioned and outpacing other economies.
🔹 Vodafone Idea Update – Allots ₹36,950 Cr worth shares to GoI; government stake now at 48.99%.
🔹 EU-China Pact – Agreement to back global trade reforms, potentially softening US tariff tensions.
🔹 Home First Finance – Launches QIP; indicative price ₹968.29–987.9/share (~0–2% discount to CMP).
🔹 SpiceJet Sinks 30% Since Oct – Revival efforts struggle; stock under pressure.
🔹 Concord Biotech – Gets USFDA nod for Teriflunomide, used in multiple sclerosis treatment.
🔹 NBCC Soars ~5% – On ₹120.9 Cr work orders and MoU with RailTel.
🔹 PNB Housing – Business Head Anujai Saxena resigns, effective April 8.
🔹 Sasken Tech – Acquires 100% of BOROS Intl for $40M – key strategic buy.
🔹 Mazagon Dock – FY25 Revenue crosses ₹10,000 Cr; board approves second interim dividend.
