JLR, the UK arm of Tata Motors reported a rise in wholesale volumes for Q3FY25. This positive trend follows supply disruptions experienced in the second quarter of FY25. Wholesale volumes reached 1,04,427 units (excluding the Chery Jaguar Land Rover China JV), marking a 3% increase compared to Q3 FY24. Additionally, the volumes were up by 20% compared to the previous quarter, ending 30 September 2024.

Regional Performance

• North America: A significant increase of 44% in wholesale volumes compared to the same quarter last year.
• Europe: A moderate increase of 6% in wholesale volumes year-over-year.
• China: A decline of 38%, reflecting ongoing challenges in this market.
• UK: A decrease of 17% in wholesale volumes.
• Overseas Markets: A slight decrease of 1%.

For the financial year to date, total wholesale volumes stood at 2,89,485 units, which represents a slight 1% decrease compared to the same period last year.

Retail Sales Overview

Retail sales for Q3 FY25 were recorded at 1,06,334 units (including the Chery Jaguar Land Rover China JV), which reflects a 3% decrease compared to Q3 FY24 but a 3% increase when compared to Q2 FY25. For the year-to-date period, retail sales totalled 3,20,622 units, marking a 1% increase compared to the previous year.

Strong Demand For High-End Models

The share of the most profitable models—Range Rover, Range Rover Sport, and Defender—rose to 70% of total wholesale volumes in Q3 FY25. Specifically, demand for the Range Rover was particularly robust, with wholesale volumes up by 48% compared to Q2 FY25. This growth was driven both by the resolution of supply chain disruptions and strong consumer demand, with volumes also rising by 22% compared to the same quarter last year JLR will release its full financial results for Q3 FY25 at the end of January.

 

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 9, 2025, Paras Defence share price recorded a correction and slipped over 2%, reaching a day low of ₹1,074.10 at 10:20 AM, after opening at ₹1,117.80. The fall in Paras Defence share price came after a gain of over 15% in the past 2 trading sessions. The shares of Paras Defence have recently touched a high of ₹1,153.25 on Jan 8, 2025. Paras Defence shares are currently trading over the 52-week low-high average, where, the 52-week high stands at ₹1,592.75 while the 52-week low is at ₹608.75.

Reason Behind Fluctuation in Paras Defence Shares

The gain of over 15% in Paras Defence shares came after the company revealed that it has received a License under the Arms Act, 1959 to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) – Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each.

About Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies (PDST) is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments – Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions

During Q2 FY25, Paras Defence and Space Technologies witnessed a 45% YoY rise in net profit, which reached ₹12.7 crore, a significant increase from ₹8.76 crore in the same quarter of the prior year. The company’s revenue grew by 42% YoY to ₹87.09 crore during the period.

 

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 9, 2025, the shares of Parmeshwar Metal Limited made a strong debut and were listed at ₹84.5 on the BSE SME platform, indicating a premium of 38.52% as compared to the issue price of ₹61.

About Parmeshwar Metal IPO

The ₹24.74 crore Parmeshwar Metal IPO was opened for subscription from January 2 to January 6, with a price band ranging from ₹57 to ₹61 per equity share.

The IPO recorded an overwhelming response, receiving a massive 607.07 times oversubscription. It received bids for 163.66 crore shares against 26.96 lakh shares on offer. The retail segment was subscribed 597.09 times, while non-institutional investors (NII) placed bids 1,202.83 times over the offer size. The Qualified Institutional Buyers (QIB) category was subscribed 177.32 times during the three-day bidding period.

Use of IPO Proceeds

• The company will use the funds raised from the issue for various purposes, including setting up a new manufacturing facility at Dehgam, Gujarat, to produce bunched copper wire and 1.6 mm copper wire rods.
• Other allocations include upgrading the furnace for enhanced copper melting capacity, meeting working capital requirements, and addressing general corporate expenses.

About Parmeshwar Metal Limited

Founded in August 2016, Parmeshwar Metal Limited specialises in manufacturing copper wires and rods by recycling copper scrap. The company operates a production facility in Dehgam, Gujarat.

 

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.

January 9, 2025, marks the opening of the Nifty 50 earnings season for Q3FY25 with the release of earnings from India’s IT giant Tata Consultancy Services (TCS) Ltd. Before the release of financial statements for Q3FY25, the preview and expectation of street is must watch.

TCS Q3 FY25 Earnings Preview

As per news reports, IT giant TCS is expected to report a 0.2% growth in constant currency terms, which is anticipated to be lower than both the September quarter and the same quarter last year. The slower growth is attributed to the reduced contribution from the BSNL deal and furloughs.

The BSNL contract is set to begin its ramp-down in March 2025, with a significant decline in revenue expected by the June 2025 quarter. In US Dollar terms, TCS’ revenue is projected to decline by 0.6% sequentially, while its margin may increase by 40 basis points. Both TCS’ net profit and EBIT are expected to experience low single-digit growth on a sequential basis.

What Investors Need to Watch in TCS Earnings?

• What will the company’s growth be in the quarter, excluding the BSNL deal?
• The company’s international revenue may decline by 0.4%, marking the weakest performance since the pandemic.
• As per news reports, Analysts are predicting nearly 5% revenue growth for the full financial year, with more than half, or 2.7% to 2.8%, expected to come from the BSNL deal. This implies organic growth is estimated to be around 2%.
• An important factor to watch is whether the 8% growth target for the 2026 financial year is too ambitious, considering the ongoing decline of the BSNL contract.
• Additionally, attention should be paid to management’s commentary on the reasons behind the revenue growth underperformance compared to the broader IT industry, excluding the BSNL revenue.

On January 9, 2025, TCS share price opened at ₹4,105.90 and touched the day high of ₹4,122.95 at 09:20 AM.

 

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 8, 2024, Transformers and Rectifiers Ltd disclosed that its board of directors has approved the issuance of one bonus share for every one share held (1:1) by its shareholders. This marks the company’s first bonus issue since 2013 when it announced 1 bonus share for every 9 shares held by shareholders. The record date for the bonus share issue has not yet been determined.

Fundraising Via QIP

In addition to the bonus issue, Transformers and Rectifiers has approved a fundraising plan. The company aims to raise ₹750 crore by selling shares to eligible institutions via the Qualified Institutional Placement (QIP) route.

Transformers and Rectifiers Q3 FY25 Results

For the December quarter, the company reported a net profit of ₹55 crore, a significant increase compared to ₹15.6 crore in the same quarter last year. This growth was partly driven by a ₹7 crore rise in other income. The company’s revenue for the quarter surged by 51.5% year-on-year, reaching ₹559.4 crore.

The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at ₹84.8 crore, up from ₹35.6 crore in the previous year. EBITDA margin also expanded to 15.2%, up from 9.6% during the same period last year.

On January 9, 2025, Transformers and Rectifiers shares opened at ₹1,220.00 and hit the lower circuit at ₹1,185.15 at 09:20 AM.

 

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 8, 2025, GTT Data Solutions Limited, formerly known as Cinerad Communications Limited, announced through an exchange filing that it had fixed January 14, 2025, as the record date. This date will determine whether the shareholders are eligible to apply for equity shares in the proposed rights issue.

GTT Data Solutions Rights Issue Details

On December 14, 2024, the Rights Issue Committee, constituted by the Board of Directors, approved the issuance of partly paid-up equity shares. These shares will have a face value of ₹10 each and will be offered to the members of the company as of the record date, which is to be finalised. The rights issue will aggregate up to ₹49.99 crore, with the exact number of shares and issue price (including any premium) to be determined by the Board or Rights Issue Committee.

Latest Acquisition by GTT Data Solutions

GTT Data Solutions Limited entered into a Share Purchase Agreement (SPA) on December 31, 2024, for the acquisition of up to 10,000 equity shares of ₹10 each of CRG Solutions Private Limited. These shares represent 100% of the paid-up equity share capital of CRG. The total consideration for this acquisition is approximately ₹72 Crores, which may be settled either by cash payment via bank remittance or by the issue and allotment of new equity shares of GTT Data Solutions to the sellers. However, the total number of shares allotted to the sellers will not exceed 24% of the company’s outstanding paid-up capital.

 

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.