Grasim Industries Q3 FY25 Results: Net Profit Falls 41% to ₹899 Crore, Revenue Up 9%

Grasim Industries reported a 41% year-on-year (YoY) drop in net profit for the third quarter, reaching ₹899 crore. The decline was mainly due to higher interest and depreciation costs resulting from investments in the building materials sector.

Revenue and EBITDA Performance

Despite the profit drop, the company’s revenue from operations grew by 9% YoY to ₹34,793 crore. However, EBITDA fell by 9% YoY to ₹4,668 crore, mainly because of lower cement business earnings and initial investments in Grasim’s paints segment.

Segment-Wise Performance

Cellulosic Fibres
  • Revenue rose 6% YoY to ₹3,934 crore.
  • EBITDA declined 18% YoY to ₹331 crore due to higher input costs.
  • Prices in China remained steady at $1.65/kg, but production issues at the Excel Plant in Kharach and seasonal demand slowdown affected sales, which remained at 205 KT.
Chemicals Business
  • Revenue increased 12% YoY to ₹2,226 crore.
  • EBITDA grew 25% YoY to ₹329 crore, supported by better Caustic Soda prices and improved profitability in Chlorine Derivatives.
  • An oversupply of Chlorine resulted in weak prices, leading to just an 8% YoY rise in ECU realisations to ₹34,041/ton.
  • Caustic Soda sales volume grew marginally by 1% YoY due to power supply issues at the Vilayat plant.
Building Materials
  • Revenue increased 10% YoY to ₹18,784 crore, driven by growth in businesses like Birla Opus and Birla Pivot.
  • Lower cement prices and investments in the Birla Opus paints brand led to a drop in segment EBITDA to ₹2,806 crore.

Expansion Plans

Grasim’s Board has approved a ₹1,350 crore investment to expand Lyocell production capacity at its Harihar plant in Karnataka. The first phase (55K TPA) will be completed by mid-2027, bringing the company’s total Lyocell capacity under the ‘Birla Excel’ brand to 153K TPA. This will further strengthen Grasim’s position in the eco-friendly speciality fibre market.

About Grasim Industries Limited

Grasim Industries is the flagship company of the Aditya Birla Group and one of India’s largest private sector companies. Its main businesses include viscose staple fibre (VSF), caustic soda, speciality chemicals, and rayon-grade wood pulp (RGWP), with manufacturing plants in multiple locations. The company also operates in other sectors like fertilisers and textiles.

Grasim Industries share price is trading at ₹2,490.25, up 0.69% (+₹17.00) on February 11 at 1:30 PM IST. The stock opened at ₹2,460.00, reaching a high of ₹2,542.00 and a low of ₹2,456.05 during the session. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bata India Q3 FY25 Results: Profit Rises 1.2% to ₹58.7 Crore, Revenue Up 1.7%

Bata India Ltd reported a slight increase of 1.2% in its consolidated net profit for the third quarter of FY24, reaching ₹58.7 crore. This compares to ₹57.97 crore in the same quarter last year. The profit was impacted by exceptional costs during the period.

Revenue and Expenses

The company’s revenue from operations grew by 1.69% year-on-year, reaching ₹918.79 crore. Meanwhile, total expenses stood at ₹840.57 crore, seeing a slight increase. Including other income, Bata India’s total income rose by 1.54% to ₹928.65 crore.

Exceptional Costs Impact Earnings

Bata India incurred a one-time exceptional expense of ₹10.8 crore towards a voluntary retirement scheme (VRS) at one of its factories. This move aligns with the company’s long-term strategy to improve supply chain efficiency.

Focus on Premium Brands and Online Growth

Despite weak market demand, Bata India saw strong volume growth, particularly in its premium brand, Hush Puppies, which recorded double-digit growth. The company also reported robust performance in e-commerce, benefiting from a revamped website and omni-channel strategies, including entry into quick-commerce and expansion into new towns.

Future Outlook

MD and CEO Gunjan Shah expressed confidence in demand recovery, stating that the company will continue focusing on volume-based growth by offering affordable and fresh product lines. Additionally, Bata India aims to maintain strict cost control while improving efficiency and productivity.

On February 11, 2025, Bata India share price stood at ₹1,328.30, down 0.96% (-₹12.85) as of 1:13 PM IST. The stock opened at ₹1,348.40, reaching a high of ₹1,362.90 and a low of ₹1,326.50 during the session. Bata India’s market capitalisation is ₹17,070 crore, with a P/E ratio of 49.12 and a dividend yield of 1.43%. The stock’s 52-week high is ₹1,633.00, while its 52-week low is ₹1,228.05.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Zaggle Shares Price in Focus As It Drops 25% in 4 Days Amid Profit Decline

Zaggle Prepaid Ocean Services share price continued to fall on February 11, 2025, marking the fourth consecutive session of declines. The stock dropped by 6.14% at the open and hit the lower circuit limit of 10%, trading at ₹381.65 per share on the NSE. Over the past four sessions, the stock has fallen nearly 25%.

The stock price is ₹381.65, down ₹113.35 (-22.90%) over the past 5 days and ₹127.35 (-25.02%) in the past month. Over 6 months, the stock has gained ₹20.45 (5.66%), while it has risen ₹135.75 (55.21%) in the past year. In the last 5 years, the stock has surged ₹223.30 (141.02%).

Quarterly Profit Decline

The company reported a 2.47% dip in its sequential profit for the December quarter of the current fiscal year. However, the company’s profit after tax (PAT) increased by 29.6% year-on-year, reaching ₹19.7 crore for Q3 FY25, compared to ₹15.2 crore in the same period last year. The revenue for Q3 FY25 rose by 68.8%, reaching ₹336.8 crore, up from ₹199.5 crore in the previous year.

Future Growth Prospects

Zaggle’s management remains optimistic about the future. They are targeting a 58-63% growth in their topline for FY25. The company is also considering inorganic growth options, with discussions currently in advanced stages.

Ashish Kacholia’s Stake

The prominent investor Ashish Kacholia held a 2.16% stake in Zaggle in the December quarter, according to the shareholding pattern.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Solarium Green Energy IPO Allotment Today: Check Status and Listing Date

The allotment for Solarium Green Energy IPO, one of the upcoming IPOs,  is expected to be finalised today, Tuesday, February 11, 2025. The IPO, which closed on February 10, 2025, saw significant investor interest and was oversubscribed by 8.83 times.

IPO Details

The issue size for the IPO is ₹105.04 crore, with a price band of ₹181-191 per share. The lot size for the IPO is 600 shares.

How to Check IPO Allotment Status

Once the allotment is confirmed, investors can check the status on the official BSE website or through the registrar Link Intime India. 

IPO Listing Date

Solarium Green Energy shares are expected to be listed on the BSE SME platform on Thursday, February 13, 2025. 

About Solarium Green Energy

Founded in 2015, Solarium Green Energy focuses on providing solar solutions, including design, engineering, procurement, and maintenance services for residential, commercial, industrial, and government solar projects. The company also sells solar products like PV modules and inverters sourced from accredited vendors. The funds raised from the IPO will be utilised for working capital requirements and general corporate purposes.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

HPCL Share Price in Focus As It Plans to Increase Vizag Refinery Capacity by 20%

Hindustan Petroleum Corporation Limited (HPCL) is planning to raise the capacity of its Vizag oil refinery by up to 20% to meet growing local fuel demand. This expansion is part of India’s strategy to enhance its crude processing capacity as the country seeks to become a global refining hub.

Capacity Expansion Plans

HPCL has already increased the Vizag refinery’s capacity to 300,000 barrels per day. However, the company is looking to further boost its annual capacity by 2-3 million metric tonnes (around 40,000-60,000 barrels per day). The final decision will be made after obtaining board approval, as stated by HPCL’s chairman, Rajneesh Narang.

New Units at Vizag Refinery

The company will soon start operations at new secondary units at the Vizag refinery, including a 3.5 million-tonne-per-year residue upgrade unit. This unit will help boost distillate yield by 10% and improve the gross refining margin (GRM) by $3 per barrel. Additionally, a 2.6 million-tonne-per-year diesel hydro desulphuriser will also be operational soon.

Meeting Rising Fuel Demand

India’s fuel demand is expected to keep rising as the economy grows. However, with the increasing popularity of EVs and a shift to renewable energy sources in industries, HPCL is focusing on future-proofing its refineries.

Petrochemical Plant at Barmer Refinery

To diversify its operations, HPCL is constructing a petrochemical plant at its Barmer refinery in Rajasthan. This refinery will have the highest petrochemical intensity in India, converting 26% of crude oil into chemicals. The refinery is expected to begin crude processing in June-July, with the petrochemical project starting in December.

Crude Import and Trading Desk

HPCL imports about 21 million tonnes of crude oil annually, with 8-9 million tonnes procured from spot markets. Last year, the company established a crude trading desk to reduce crude import costs, enabling it to negotiate better deals directly with oil sellers.

HPCL share price is currently trading at ₹333.70, down by ₹4.60 (1.36%) as of 11:08 AM IST on February 11. The stock opened at ₹332.75, reached a high of ₹338.30, and a low of ₹331.50. The company has a market capitalisation of ₹71,010 crore, a P/E ratio of 11.78, and a dividend yield of 6.29%. Its 52-week high is ₹457.15, while the 52-week low is ₹295.37.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Dividend Stocks on February 11, 2025: Hero MotoCorp, ITC and More to Watch

Several dividend-paying stocks, including Hero MotoCorp, Cochin Shipyard, ITC, and 7 others, will be in the spotlight during Tuesday’s trading session. These companies have recently announced interim dividends for their shareholders.

Key Dividend Announcements

The following companies have declared interim dividends and will trade ex-dividend on February 12, 2025, as per BSE data:

  1. Hero MotoCorp – ₹100 per share
  2. Cochin Shipyard – ₹3.50 per share
  3. ITC – ₹6.50 per share
  4. Torrent Power – ₹14 per share
  5. UNO Minda – ₹0.75 per share
  6. Minda Corporation – ₹0.50 per share
  7. Expleo Solutions – ₹50 per share
  8. TCI Express – ₹3 per share
  9. Man Infraconstruction – ₹0.45 per share
  10. Uniparts India – ₹7.50 per share

All these companies have set February 12, 2025, as the record date to determine eligible shareholders for dividend payouts.

Other Stocks Trading Ex-Dividend Today

Apart from these 10 companies, shares of CMS Info Systems, DISA India, and Symphony will also be in focus today as they trade ex-dividend. These companies have declared:

  1. CMS Info Systems – ₹3.25 per share
  2. DISA India – ₹0.45 per share
  3. Symphony – ₹2 per share

For these stocks, February 11, 2025, is the record date for determining eligible shareholders.

Understanding Ex-Dividend and Record Dates

  • Ex-dividend date: The day a stock starts trading without the right to receive a dividend. Investors must own shares before this date to be eligible for the payout.
  • Record date: The date on which a company finalises the list of eligible shareholders who will receive the dividend.

Investors tracking dividend stocks should note these key dates while planning their trades.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

EPFO Meeting on Feb 28: Possible PF Interest Revision and How to Check Balance

The Employees’ Provident Fund Organisation (EPFO) is expected to decide on the interest rate for the financial year 2024-25 at its central board of trustees (CBT) meeting on February 28. As per reports, the interest rate may remain close to 8.25%, similar to the previous year’s rate of 8.25%.

Check EPF Calculator.

How EPF Interest Rates Are Finalised

The process of setting the interest rate involves multiple steps:

  1. Proposal by EPFO – The EPFO first suggests an interest rate for the year.
  2. Approval by CBT – The Central Board of Trustees reviews and approves the proposed rate.
  3. Finance Ministry’s Approval – The final approval is given by the finance ministry before the new rate is officially notified.
  4. Crediting Interest – Once approved, the interest is credited to the accounts of EPFO subscribers.

Why Checking Your PF Balance Is Important

The EPFO manages the retirement savings of more than 65 million subscribers. Keeping track of your PF balance helps ensure that your contributions are accurate and that interest is being correctly credited.

Check PF Balance Using the UMANG App

If you want to check your Provident Fund (PF) balance, you’ll need a Universal Account Number (UAN), a registered mobile number, and an internet connection. Here are 5 ways to check your balance and account details.

The UMANG app, launched by the government, offers multiple government services, including EPF account details. Follow these steps to check your balance:

  1. Download UMANG from the Play Store or App Store.
  2. Sign up with your mobile number and confirm it using an OTP.
  3. Open the application and tap the 3 horizontal lines in the top-left corner.
  4. Go to the Service Directory and search for EPFO.
  5. Select View Passbook and log in using your credentials.

Check PF Balance on the EPFO Website

You can also get your PF balance through the EPFO portal using a web browser. Here’s how:

  1. Visit www.epfindia.gov.in.
  2. Click on ‘For Employees’ under the ‘Our Services’ section.
  3. Select ‘Member Passbook’ under the ‘Services’ category.
  4. Enter your UAN, password, and captcha code on the login page.
  5. Once logged in, you can view your PF balance and transaction details.

Note: Your employer must activate Your UAN before using this service.

Check PF Balance via SMS

If your mobile number is linked to your PF account, you can check your balance through SMS:

  1. Send an SMS in this format: EPFOHO UAN ENG to 7738299899.
  2. Replace ‘ENG’ with the first three letters of your preferred language (e.g., HIN for Hindi, MAR for Marathi).
  3. This service is available in English, Hindi, Punjabi, Gujarati, Tamil, Telugu, Kannada, and more.

Check PF Balance via Missed Call

An easy and fast way to get your PF balance is by giving a missed call: 

  1. Dial 9966044425 from your registered mobile number.
  2. The call will end automatically, and you will receive an SMS with your PF details.

Check PF Balance Using the UMANG Website

If you don’t want to download the UMANG app, you can still check your balance online:

  1. Visit the UMANG website on your browser.
  2. Search for EPFO services and log in with your UAN and password.
  3. View your PF passbook and transaction history.

These simple methods allow you to check your PF balance easily, whether through an app, website, SMS, or missed call. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Top Gainers and Losers on February 10, 2025: Kotak Bank Gains, Trent Drops 4.48%

Benchmark indices, such as the BSE Sensex and NSE Nifty50, closed lower on the first trading session of the week, weighed down by broad-based selling. The Sensex declined by 548.39 points (0.70%) to settle at 77,311.80 after fluctuating between an intraday high of 77,849.58 and a low of 77,106.89.

Similarly, the NSE Nifty50 fell 178.35 points (0.76%) to close at 23,381.60. During the session, the index touched a high of 23,568.60 and a low of 23,316.30.

Here are the top gainers and losers on February 10, 2024: 

Top Gainers of the Day

Symbol Open High Low LTP %chng
KOTAKBANK 1,935.30 1,965.00 1,923.55 1,962.85 1.74
BHARTIARTL 1,698.85 1,700.00 1,678.05 1,694.50 1.06
BRITANNIA 4,915.00 5,009.00 4,877.00 4,915.00 0.91
TATACONSUM 1,020.00 1,036.85 1,015.80 1,027.00 0.57
HCLTECH 1,723.95 1,740.00 1,712.10 1,734.00 0.48

Kotak Mahindra Bank

Kotak Mahindra Bank led the gainers, rising 1.74% as it opened at ₹1,935.30, reached a high of ₹1,965.00, and closed at ₹1,962.85.

Bharti Airtel

Bharti Airtel gained 1.06%, touching a high of ₹1,700 and closing at ₹1,694.50.

Britannia

Britannia shares saw a moderate gain of 0.91%, opening at ₹4,915 and reaching a high of ₹5,009 before closing at ₹4,915.

Tata Consumers

Tata Consumers ended the day with a 0.57% gain, reaching a high of ₹1,036.85 and closing at ₹1,027.00.

HCL Technologies

HCL Tech shares edged up 0.48%, touching a high of ₹1,740 and closing at ₹1,734.

Top Losers of the Day

Symbol Open High Low LTP %chng
TRENT 5,460.00 5,490.00 5,170.00 5,210.00 -4.48
POWERGRID 275 276 268.1 269.05 -3.27
TATASTEEL 138.1 138.1 133 133.91 -3.18
TITAN 3,415.00 3,425.00 3,311.00 3,325.00 -2.91
ONGC 248.95 249.6 241.8 242.85 -2.43

 

Trent

Trent led the losers with a sharp 4.48% drop, opening at ₹5,460, hitting a low of ₹5,170, and closing at ₹5,210.

Power Grid Corporation

Power Grid fell 3.27%, opening at ₹275 and closing at ₹269.05 after touching a low of ₹268.10.

Tata Steel

Tata Steel declined by 3.18%, hitting a low of ₹133.00 before closing at ₹133.91.

Titan Company

Titan shares slipped 2.91%, dropping from an opening of ₹3,415.00 to close at ₹3,325.00.

ONGC

ONGC shares fell 2.43%, closing at ₹242.85 after reaching a low of ₹241.80.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Indian Bond Yields Rise Amid RBI Policy and Weak Rupee

Indian government bond yields saw a rise on Monday morning as investors stayed cautious after the Reserve Bank of India (RBI) made its monetary policy decision. The benchmark 10-year bond yield was recorded at 6.7284%, slightly up from the previous close of 6.7043%.

Weak Rupee and U.S. Trade Fears Impact Sentiment

The Indian rupee hit a new lifetime low of 87.95 against the U.S. dollar, largely due to concerns over potential new U.S. trade tariffs. This contributed to negative sentiment in the bond market, adding to the pressure from the central bank’s recent monetary policy.

RBI’s Policy Decision and Currency Decline

The RBI lowered its key interest rate by 25 basis points last Friday to support economic growth. Despite this move, RBI Governor Sanjay Malhotra stated that the central bank will closely monitor market conditions and take measures to ensure liquidity remains stable. However, no additional measures were announced.

Impact of U.S. Yields

U.S. bond yields also increased following strong job data revisions and a lower unemployment rate, indicating a robust labour market. This raised expectations that the U.S. Federal Reserve might not need to make aggressive rate cuts, which added further pressure to the bond market.

Bond Market Outlook

The RBI’s decision not to include a note for the second open market bond auction under its liquidity infusion package, scheduled for this week, further dampened investor appetite for bonds. Market participants are now expecting the RBI to focus on primary auctions to infuse liquidity instead of continuing secondary market purchases, which had previously included a significant portion of the benchmark bond.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Why Pharma Stocks Are Falling: Key Reasons for Nifty Pharma’s Decline

The Nifty Pharma index faced significant pressure on Monday, February 10, 2025, slipping by as much as 2% and reaching an intraday low of 21,634.75. The 3 main reasons behind the sharp decline in pharma stocks:

Trump Tariff Fears 

One of the key factors weighing on the pharma sector is the uncertainty surrounding potential tariffs under former President Trump’s policies. If tariffs are imposed, Indian pharma companies could be severely impacted. Rising costs of raw materials, particularly Active Pharmaceutical Ingredients (APIs), could lead to higher production costs. This, in turn, would reduce profit margins and affect the companies’ competitiveness in export markets. 

Stretched Valuations 

Another reason for the decline in the pharma sector is the stretched valuations of certain pharma stocks. Many of these stocks have been trading at higher-than-normal prices, and with a major reduction in overall market capitalisation in recent months, investors have become wary of these high valuations. As a result, tighter liquidity has led to selling pressure, even on pharma stocks that are still reasonably valued. 

Margin Calls Leading to Desperate Selling 

The third factor affecting the decline in the Nifty Pharma index is margin calls, which are forcing many investors to sell their holdings in desperation. A margin call happens when the value of an investor’s holdings drops below the minimum required level set by the broker. As a result, investors are required to sell their assets to meet the margin requirements, leading to forced liquidation of stocks. 

Stocks Affected 

As of 11:43 AM, 19 out of the 20 stocks in the Nifty Pharma index are trading in the negative territory. Among the hardest-hit stocks, Alkem Labs saw a sharp decline of 7%, while Ipca and Laurus Labs dropped over 4%. Other stocks like Granules and Divi’s also faced declines of around 3%, while Aurobindo Pharma saw a 2.5% drop. Biocon, Zydus Life, Ajanta Pharma, Lupin, and Gland Pharma experienced declines in the range of 2-2.5%. Stocks such as Natco, Dr. Reddy’s, Cipla, Mankind, Torrent, Sun Pharma, Abbott, and Glenmark slipped by 1-2%.

However, JB Chemicals and Pharma was one of the exceptions, seeing a slight gain of 0.4% despite the weak market conditions.

In conclusion, the sharp fall in the Nifty Pharma index is due to a combination of tariff-related concerns, stretched valuations, and margin calls leading to forced selling. These factors have created a tough environment for pharma stocks in the market.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.