On Thursday Navin Fluorine International Limited has been gaining attention. On January 9, 2025, Navin Fluorine share price opened at ₹3,590.30, up from its previous close of ₹3,493.15. At 11:55 AM, the share price of Navin Fluorine was trading at ₹3,946.45, up by 12.98% on the NSE. As of the same time, the stock price touched its 52-week high at ₹4,017.10. 

This rise in the share price was followed by news reports of a sharp increase in global refrigerant gas prices. The rally follows warnings from a major U.S. distributor with large quotas, citing severe supply shortages of key refrigerant gases, R32 and R125. These shortages are causing significant challenges for the HVAC (Heating, Ventilation, and Air Conditioning) industry, which heavily depends on these gases for its operations.

Q2 FY25 Financial Highlights

In Q2 FY25, the company reported a 10% year-on-year (Y-o-Y) increase in net revenue from operations, which rose to ₹518.56 crore, compared to ₹471.79 crore in Q2 FY24. However, there was a slight decline of 1% when compared to Q1 FY25, where the revenue stood at ₹523.68 crore. 

For the first half of FY25 (H1 FY25), net revenue from operations grew by 8% to ₹1,042.24 crore, compared to ₹962.94 crore in H1 FY24. 

Profit after tax (PAT) for Q2 FY25 stood at ₹58.82 crore, marking a 3% decrease from ₹60.58 crore in Q2 FY24, but showed a 15% increase compared to ₹51.20 crore in Q1 FY25. 

For H1 FY25, PAT declined by 10% to ₹110.02 crore, from ₹122.11 crore in H1 FY24.

About Navin Fluorine International Limited

Navin Fluorine International Ltd is mainly involved in producing refrigeration gases, inorganic fluorides, and speciality organofluorines and provides contract research and manufacturing services. 

 

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 Thursday SRF Limited has been gaining attention. On January 9, 2025, SRF share price (NSE: SRF) opened at ₹2,500.00, up from its previous close of ₹2,350.95. At 11:26 AM, the share price of SRF was trading at ₹2,679.10, up by 13.96% on the NSE. As of the same time, the stock price touched its day’s high so far at ₹2,680.00.

This surge was followed by news reports about a sharp rise in global refrigerant gas prices. The rally follows warnings from a major U.S. distributor with significant quotas, which highlighted severe supply constraints for key refrigerant gases, R32 and R125. These shortages are creating challenges for the HVAC (Heating, Ventilation, and Air Conditioning) industry, which relies heavily on these gases for its operations.

Q2 FY25 Financial Highlights

The company’s consolidated revenue grew by 8%, from ₹3,177 crore to ₹3,424 crore in Q2 FY25 compared to the corresponding period last year. However, its Earnings Before Interest and Tax (EBIT) fell by 22%, from ₹533 crore to ₹417 crore in Q2 FY25 when compared to CPLY. The Profit After Tax (PAT) also declined by 33%, from ₹301 crore to ₹201 crore in Q2 FY25 compared to the corresponding period last year.

About SRF Limited

SRF Limited launched its first plant in 1974 and since then the company has grown into a manufacturing leader with diverse business segments. With an annual turnover of ₹12,910 crore (US$ 1.6 billion), SRF’s expansive portfolio includes Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, and Coated and Laminated Fabrics.

 

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 Elxsi is in focus ahead of the Q3 FY 2025 financial results announcement. On January 9, 2025, Tata Elxsi share price opened at ₹6,525.00, up from its previous close of ₹6,473.50. At 10:22 AM, the share price of Tata Elxsi was trading at ₹6,596.10, up by 1.89% on the NSE. As of the same time, the stock price touched its day’s high at ₹6,615.25.

In December 2024, Tata Elxsi Limited announced to the stock exchanges that its Board of Directors would meet on Thursday, January 9, 2025, to review and approve the audited financial results for the quarter and nine months ending December 31, 2024.

Q2 FY 2025 Financial Highlights

For the second quarter of the financial year 2024-25, the company reported operating revenue of ₹955.1 crore, reflecting a growth of 3.1% quarter-on-quarter (QoQ). The operating margin (EBITDA) stood at 27.9%, a 70 basis points increase in QoQ. Profit Before Tax (PBT) reached ₹298.7 crore, marking an 18.3% QoQ rise, while Profit After Tax (PAT) surged 24.6% QoQ to ₹229.4 crore.

The strong performance was driven by a robust 8.8% QoQ growth in the transportation segment, supported by large deals and significant growth in the SDV (Software-Defined Vehicle) and OEM (Original Equipment Manufacturer) business.

During the quarter, the company secured a landmark multi-year deal worth US$ 50 million from a global OEM headquartered in Europe. The deal spans SDV and various domains of automotive engineering. This strategic engagement will facilitate the development of an SDV platform and drive the next generation of mobility for the world-leading brand.

About Tata Elxsi

Tata Elxsi is one of the leading providers of design and technology services in the world. It offers its services across various industries including Broadcast, Automotive, Communications, Transportation and Healthcare.

 

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 Renewable Energy Development Agency Limited (IREDA) is in focus ahead of the Q3 FY 2025 financial results announcement. On January 9, 2025, IREDA share price opened at ₹224.90, slightly up from its previous close of ₹223.38. At 10:42 AM, the share price of IREDA was trading at ₹224.27, up by 0.40% on the NSE. As of the same time, the stock price touched its day’s high at ₹227.30.

In December 2024, IREDA announced to the stock exchanges that its Board of Directors would meet on Thursday, January 9, 2025, to review and approve the audited financial results for the quarter and nine months ending December 31, 2024.

Recent Developments 

Earlier this week, Indian Renewable Energy Development Agency Limited has received an “Excellent” rating for its performance in the MoU signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 98.24 (rounded to 98).

The company stated that this marks the 4th consecutive year that IREDA has earned the “Excellent” rating, demonstrating its strong commitment to operational excellence and the highest standards of corporate governance. Over the past three years, IREDA has consistently delivered exceptional results, with scores of 93.50 in FY 2022-23, 96.54 in FY 2021-22, and 96.93 in FY 2020-21. These consistent achievements reflect the organisation’s dedication to advancing India’s renewable energy objectives.

Q2 FY 2025 Financial Highlights

In the second quarter of FY24-25, IREDA reported a total income of ₹1,630.38 crore, marking a 39% growth compared to ₹1,176.96 crore in the same quarter of the previous year. Profit After Tax (PAT) for Q2 stood at ₹387.75 crore, reflecting a 36% increase from ₹284.73 crore in Q2 FY23-24.

For the first half of FY24-25, the company’s total income reached ₹3,141.09 crore, up by 35% from ₹2,320.46 crore in H1 FY23-24. The PAT for H1 was ₹771.44 crore, a 33% rise from ₹579.31 crore during the same period last 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.