Cyient DLM Limited announced the financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 22, 2025, Cyient DLM share price opened at ₹561.00, down from its previous close of ₹596.10. At 12:16 PM, the share price of Cyient DLM was trading at ₹524.85, down by 11.95% on the NSE. Notably, the stock price touched its 52-week low today at ₹515.50.

Q3 FY 2025 Financial Highlights

For the reported period, the company achieved a revenue of ₹4,442 million, marking a 38.4% year-on-year growth. EBITDA stood at ₹359 million, reflecting a 21.9% increase compared to the previous year. However, the profit after tax (PAT) saw a decline of 9.8% YoY, reaching ₹166 million. The company’s order backlog at the end of the period amounted to ₹21,429 million.

In terms of profitability, the EBITDA margin (adjusted) was recorded at 8.1%, while the PAT margin stood at 3.7%. The EBITDA margin saw a decline of 109 basis points (bps) year-on-year, and the PAT margin decreased by 200 bps YoY.

9M FY 2025 Financial Highlights

The company reported a 31.5% year-on-year growth in its 9-month revenue, reaching ₹10,046 million, a 21% increase in standalone revenue. The company incurred one-time M&A integration expenses of ₹80 million in Q3, which were excluded from the adjusted EBITDA calculation. The 9-month adjusted EBITDA grew by 19.9% YoY, though reported EBITDA showed a more modest 8.9% increase due to the integration expenses. In Q3, the company achieved an 11.0% YoY growth in adjusted PAT, driven by volume growth.

Conclusion

The company delivered strong revenue growth and solid profit performance despite one-time M&A integration expenses.

 

 

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.

Waaree Energies Ltd has been in focus on Wednesday. On January 22, 2025, Waaree Energies share price opened at ₹2,680.00, down from its previous close of ₹2,673.40. At 11:14 AM, the share price of Waaree Energies was trading at ₹2,485.10, down by 7.04% on the NSE. As of the same time, the stock price touched its day’s low so far at ₹2,461.75.

Recent Developments

Earlier this week, on January 20, 2025, the company announced that it has received a Letter of Award for the supply of 180 MWp solar modules from a prominent customer in India’s renewable power sector.

This one-time order involves the supply of solar photovoltaic (PV) modules, with the delivery scheduled to begin in FY 2025-26. The customer is a key player engaged in the ownership, development, and operation of renewable energy projects across India.

This order further strengthens the company’s position in the growing solar energy market and contributes to India’s renewable energy targets. The commercial size of the order underscores the company’s expanding footprint in the sector.

Q2 and H1 FY 2025 Financial Highlights

For Q2 FY25, the company reported a total income of ₹36,634.63 million, a 2.95% year-on-year increase compared to ₹35,585.47 million in Q2 FY24. EBITDA for the quarter stood at ₹6,139.37 million, reflecting a significant growth of 14.01% compared to ₹5,385.09 million in the same quarter last year. Profit After Tax (PAT) also saw a growth of 17.35%, rising to ₹3,756.59 million from ₹3,201.21 million in Q2 FY24.

For H1 FY25, the company achieved a total income of ₹71,598.76 million, up by 2.67% from ₹69,735.45 million in H1 FY24. EBITDA for the first half of FY25 stood at ₹12,539.26 million, marking a 14.74% increase from ₹10,928.05 million in H1 FY24. PAT for H1 FY25 was ₹7,767.84 million, up by 17.98% from ₹6,583.94 million in the previous year.

 

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.

Coforge has been in focus on Wednesday. On January 22, 2025, Coforge share price opened at ₹8,315.80, up from its previous close of ₹8,261.10. However, at 11:38 AM, the share price of Coforge was trading at ₹8,219.00, down by 0.51% on the NSE. The stock price touched its 52-week high at ₹10,026.80 on December 30, 2024.

Board Meeting Announcement and Interim Dividend Declaration

In December 2024, the company announced that its Board of Directors would meet on Wednesday, January 22, 2025, to discuss key financial matters. The meeting’s agenda includes the review of the unaudited consolidated and standalone financial results for the quarter ended December 31, 2024, along with the consideration of the Interim Dividend for the financial year 2024-25.

Q2 FY 2025 Financial Highlights

In Q2FY25, the company reported revenue of ₹30,623 million (US$369.4 million), marking a 26.3% increase quarter-on-quarter (Q-o-Q) and 33.0% year-on-year (Y-o-Y) in constant currency (CC) terms. In USD terms, revenue was up 26.8% Q-o-Q and 32.8% Y-o-Y, while in INR terms, it increased by 27.5% Q-o-Q and 34.5% Y-o-Y.

The EBITDA margin for the quarter stood at 15.8%, reflecting a 53 basis point improvement YoY. Adjusted profit after tax (PAT), excluding minority interests, was ₹2,552 million, representing a 35.6% YoY growth. The cash flow from operations for the quarter was reported at US$10.9 million. Additionally, the Board has declared an interim dividend of ₹19 per share, with the record date set for October 11, 2024.

 

 

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.

Bharat Petroleum Corporation Limited (BPCL) has been in focus on Wednesday. On January 22, 2025, BPCL share price opened at ₹282.00, down from its previous close of ₹280.20. At 10:37 AM, the share price of BPCL was trading at ₹278.10, down by 0.75% on the NSE.

Board Meeting Announcement and Interim Dividend Declaration

Earlier this month, in January 2025, the company announced that its Board of Directors would convene on Wednesday, January 22, 2025, to discuss key financial matters. The meeting’s agenda includes the review of the unaudited financial results for the quarter and the nine months ending December 31, 2024, along with the consideration of the Interim Dividend for the financial year 2024-25.

Financial Performance in Q2 and H1 FY 2025

For the quarter ended September 30, 2024, the total income of the company stood at ₹1,18,841.31 crore, slightly lower than the ₹1,28,609.18 crore reported for the previous quarter. Compared to the same period last year, the total income for Q2 FY2025 saw a marginal increase from ₹1,17,365.48 crore in Q2 FY2024.

The company reported a net profit of ₹2,397.23 crore for Q2 FY2025, a decline from ₹3,014.77 crore in the previous quarter. In comparison to Q2 FY2024, where the net profit was significantly higher at ₹8,501.17 crore, the decrease is noticeable.

For the half-year period ending September 30, 2024, the total income was ₹2,47,450.49 crore, slightly up from ₹2,46,114.13 crore in the same period of the previous year. The net profit for the half-year period was ₹5,412.00 crore, a decrease compared to ₹19,052.05 crore for the first half of FY2024.

 

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.

Rikhav Securities IPO opened for subscription on January 15, 2025 and closed on January 17, 2025.

It was a book-built issue of ₹88.82 crore. The issue was a combination of a fresh issue of 83.28 lakh shares aggregating to ₹71.62 crore and an offer for sale of 20 lakh shares aggregating to ₹17.20 crores. The Rikhav Securities IPO price band was set at ₹82 to ₹86 per share.

On Day 3 of subscription, January 17, as of 6:19 PM, Rikhav Securities IPO was subscribed 307 times. QIBs subscribed 170.92x, NIIs subscribed 616.42x, and retail investors subscribed 251.36x.

The share allotment was finalised on January 20, 2025, and the shares were listed on BSE SME on January 22, 2025.

Rikhav Securities Share Price

On the listing day, on the BSE, Rikhav Securities share price opened at ₹163.40, up from its issue price of ₹86.00. On the BSE, at 10:19 AM, Rikhav Securities share price was trading at ₹171.57, up by 5.00% from its opening price of ₹163.40 and 99.50% up from its issue price of ₹86.00. As of the same time, the stock touched its day’s high at ₹171.57. The company’s market cap was ₹656.98 crore.

About Rikhav Securities Limited

Rikhav Securities Limited (RSL), established in 1995, operates in the domains of equity broking, investing, and trading. The company is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). RSL provides a wide range of financial services, including equity broking for cash delivery, intraday trading, futures, and options. It is actively engaged in trading across various derivative and commodity segments.

The company also facilitates clients’ participation in Initial Public Offerings (IPOs) and offers comprehensive depository services, such as the opening and maintenance of demat accounts. Additionally, RSL acts as a mutual fund advisor and distributor, guiding clients through mutual fund investments and helping them make informed decisions.

RSL is also involved in market-making activities, supporting companies that have recently listed their securities on stock exchanges, thereby contributing to market liquidity and stability.

 

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.

ICICI Prudential Life Insurance Company Ltd announced its financial results for the quarter and nine months ended December 31, 2024.

Key Financial Highlights

For the first nine months of FY 2025, ICICI Prudential Life Insurance reported a 18.3% year-on-year growth in Profit After Tax (PAT), reaching ₹803 crore.

The company also recorded a healthy growth in its Value of New Business (VNB), which rose by 8.5% to ₹1,575 crore. The VNB margin stood strong at 22.8%, reflecting the company’s robust performance in the life insurance sector.

Additionally, the total Annualised Premium Equivalent (APE) grew by 27.2% compared to the same period last year.

Business Growth and Capital Strength

ICICI Prudential Life’s retail protection business was a key contributor to growth, with APE rising by 24.2% to ₹426 crore in 9M FY2025. The annuity business also saw a substantial increase of 81.7%, with APE reaching ₹616 crore.

In Q3 FY2025 alone, the retail protection segment saw a remarkable 40% growth in APE. The retail New Business Sum Assured (NBSA) grew by 39.2% year-on-year to ₹2.28 lakh crore. Moreover, the total In-force Sum Assured surged by 17.0% to ₹37.78 lakh crore.

The company’s assets under management (AUM) stood at ₹3.10 lakh crore as of December 31, 2024. ICICI Prudential Life’s strong solvency ratio of 211.8% exceeds the regulatory requirement of 150%. The company also raised ₹1,400 crore through the issuance of non-convertible debentures.

Commenting on the performance, the MD and CEO of ICICI Prudential Life Insurance, Mr Anup Bagchi, said, “Our focus on aligning with the customer demand has helped us outperform the industry’s premium growth for five consecutive quarters. We have delivered a 31.4% year-on-year Retail Weighted Received Premium (RWRP) growth in 9M-FY2025, on the back of an increase of 14.4% in the number of policies sold.”

He further added, “We recently launched ‘ICICI Pru Wish’, the life insurance industry’s first health plan designed exclusively for women. Another industry-first product proposition we offered in the regular pay annuity segment was ‘ICICI Pru Guaranteed Pension Plan Flexi’ with the ‘Increasing Income’ feature enabling customers to manage inflation. Our customer-focused approach has enabled us to build simplified processes across the policy life cycle. Our 13th-month persistency ratio of ~90% at 9M FY2025, underscores the customers’ trust in the Company.”

Conclusion 

ICICI Prudential Life Insurance continues demonstrating financial performance with growth in key metrics such as PAT, VNB, and APE.

On January 22, 2025, ICICI Prudential Life Insurance Company share price (NSE: ICICIPRULI) opened at ₹620.00, down from its previous close of ₹635.55. At 10:03 AM, the share price of ICICI Prudential Life Insurance Company was trading at ₹580.40, down by 8.68% on the NSE.

 

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.

Lemon Tree Hotels Limited has announced the signing of two new properties in Guwahati, Assam: Keys Select by Lemon Tree Hotels, G S Road, Guwahati and Keys Select by Lemon Tree Hotels, Dishpur, Guwahati. Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, will manage both properties.

Details of the Properties

Guwahati, known as the “Gateway to the Northeast,” is a vibrant city on the banks of the Brahmaputra River, blending modernity with tradition. Renowned for its historical temples like Kamakhya Temple, Basistha Temple, and Umananda Temple, the city is surrounded by scenic hills and lush forests, making it a captivating destination. As a centre of commerce, education, and tourism, Guwahati is experiencing rapid development while preserving its rich cultural heritage, attracting both visitors and residents alike.

The Keys Select by Lemon Tree Hotels, G S Road, Guwahati, is set to open by FY26. This property will feature 55 well-appointed rooms, a restaurant, a rooftop bar, banquet facilities, meeting rooms, a fitness centre, and other public areas. Conveniently located, the property is approximately 26 kilometres from Lokpriya Gopinath Bordoloi International Airport and about 5 kilometres from the Guwahati Railway Station.

The Keys Select by Lemon Tree Hotels, Dishpur, Guwahati, is expected to open by FY27. This property will offer 60 well-appointed rooms, a restaurant, a rooftop bar, banquet facilities, meeting rooms, a fitness centre, and other public areas. It is situated around 33 kilometres from Lokpriya Gopinath Bordoloi International Airport and about 6 kilometres from the Guwahati Railway Station.

Commenting on the development, the CEO of Managed & Franchise Business at Lemon Tree Hotels, Mr Vilas Pawar, said, “We are delighted to strengthen our portfolio in Assam, a state renowned for its natural beauty, vibrant culture, and rich heritage that is often referred to as the ‘Land of Red Rivers and Blue Hills’. The opening of these two new properties will further complement our strategic growth in the state, adding to our three upcoming hotels already in the pipeline.”

Conclusion 

Both properties are strategically positioned and well-connected by public and private transport, promising exceptional hospitality and amenities in the thriving cultural and commercial hub of Guwahati.

On January 22, 2025, Lemon Tree Hotels share price opened at ₹141.88, touching the day’s low at ₹139.67, as of 9:44 AM on the NSE.

 

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.

Tata Technologies Limited announced financial results for the quarter ended December 31, 2024.

Key Financial Highlights

The company reported a total operating revenue of ₹13,174 million, reflecting a 2.2% YoY and 1.6% QoQ growth. The services segment revenue stood at ₹10,127 million, marking a 1.2% YoY and 0.8% QoQ increase. In constant currency, services revenue grew by 1.1% QoQ.

Operating EBITDA for the quarter was ₹2,340 million, with an EBITDA margin of 17.8%. Net income rose to ₹1,686 million, registering a 7.1% QoQ growth, while the net margin improved by 70 basis points QoQ to 12.8%.

Commenting on the performance, the Chief Executive Officer and Managing Director, Warren Harris, said, “I am encouraged by the resilience our business has demonstrated in uncertain economic conditions with revenue growth across both our business segments. We secured four large deals this quarter, and our pipeline remains healthy. We are seeing opportunities across Digital Engineering, Smart Manufacturing, Gen AI, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26. We are also investing in advanced tools and capabilities to position ourselves for accelerated growth as policy clarity improves and investments in new product development rebound.”

The Chief Financial Officer, Savitha Balachandran, stated, “I am pleased with our Q3 performance, marked by 1.7% top-line growth and a 7% sequential increase in PAT. This performance underscores the strength and adaptability of our diversified service offerings, which enabled us to navigate the complexities of the quarter effectively. Our disciplined execution drove strong cash conversion in the first nine months, with free cash flow exceeding 100% of net income. This further strengthened our balance sheet, with a net cash position of $154 million at the end of December. We remain dedicated to delivering sustainable, long-term value for all stakeholders.”

Conclusion

These results highlight steady growth across key financial metrics for the quarter. On January 22, 2025, Tata Technologies share price (NSE: TATATECH) opened at ₹808.05, down from its previous close of ₹816.85. At 9:37 AM, the share price of Tata Technologies was trading at ₹797.10, down by 2.42% on the NSE. Notably, the stock price touched its 52-week low today at ₹788.65.

 

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.

On January 21, 2025, BSE Sensex closed at 75,838.36 down by 1.60%, while Nifty50 dropped by 1.37% to 23,024.65. Stocks like Shakti Pumps (India) Limited and ITI Ltd hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 21, 2025

Stocks That Hit Upper Circuit on January 21, 2025

Overview of Companies Hitting Circuits Today

• Shakti Pumps (India) Limited

Shakti Pumps (India) saw a significant rise in its stock price, rising by 5% to close at ₹1,155.15. The stock opened at ₹1,155.15 and reached a high of ₹1,155.15.

• Black Box Limited

Though Black Box experienced a notable decline in its stock price, dipping by 2.09% to close at ₹632.00. The stock opened at ₹658.00 and touched a high of ₹677.75.

• ITI Limited

ITI saw its stock price drop by 4.55% to close at ₹365.85. The stock opened at ₹389.00 and dropped to ₹364.15 as the low of the day.

• EPACK Durable Limited

EPACK Durable saw a decrease in its stock price, dropping by 4.99% to close at ₹501.45. The stock opened at ₹529.80 and dropped to a low of ₹501.45.

• 63 moons technologies limited

63 moons technologies experienced a drop in its stock price, dropping by 4.77% to close at ₹817.00. The stock opened at ₹872.20 and reached a low of ₹815.05.

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.