Union Budget 2025: FM Allocated ₹11.21 lakh Crore for Capital Expenditure

On February 1, 2025, FM Nirmala Sitharaman allocated ₹11.21 lakh crore for capital expenditure (capex), in Union Budget 2025. This indicates the government’s focus on infrastructure-driven growth. This allocation represents a 0.9% increase from the capex allocation in FY25. The government’s projected effective capital expenditure for FY26, which includes both the Centre and states, is ₹15.48 lakh crore.

The revised estimate (RE) for FY25 has been lowered to ₹13.18 lakh crore, down from the budget estimate (BE) of ₹15.01 lakh crore.

Previous Budget Allocation

In Budget 2024, Finance Minister Nirmala Sitharaman allocated ₹11.11 lakh crore for capex, maintaining the same level as the interim budget presented in February. This allocation accounted for 3.4% of GDP. During the Union Budget 2025-26, the revised capex for FY25 was reduced to ₹10.18 lakh crore. The revised estimate for FY24 capex stood at ₹9.50 lakh crore, lower than the previous estimate of ₹10 lakh crore. For FY23, the revised capex was ₹7.28 lakh crore.

Support for State Infrastructure 

The government also extended ₹1.5 lakh crore in interest-free loans to states to support their infrastructure priorities. Private sector investment in infrastructure was further encouraged through viability gap funding (VGF) and supportive policies. The government focused on balancing fiscal prudence with growth-oriented spending in the Budget, aiming to boost disposable income and strengthen public-private investments.

 

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 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.

Best Fertiliser Stocks For February 2025 – Based on 5Y CAGR: RCF, Deepak Fertilisers and More

Fertilisers play a crucial role in helping farmers produce the crops necessary to meet the demand. With this in mind, fertilizer stocks represent an intriguing opportunity for investors looking to capitalize on a growing industry with a direct impact on global food security. In this article, let’s look at some of the best fertiliser stocks in India for February 2025 based on different parameters.

Best Fertiliser Stocks In India Based on 5Y CAGR 

Name Market Cap (₹ in crore) 5Y CAGR (%)
Fertilizers and Chemicals Travancore Ltd 57,654.11 79.21
Deepak Fertilisers and Petrochemicals Corp Ltd 14,150.00 59.00
Coromandel International Ltd 53,722.85 24.05
Rashtriya Chemicals and Fertilisers Ltd 8,707.29 23.38
Gujarat Narmada Valley Fertilizers & Chemicals Limited 8,017.08 22.91

Note: The best fertiliser stocks for Feb 2025 are sorted based on 5YCAGR as of January 31, 2025. 

Overview of Best Fertiliser Stocks 

1. Fertilizers & Chemicals Travancore Ltd

Fertilisers & Chemicals Travancore Ltd (FACT) is engaged in the manufacturing and selling of fertilizers, its by-products and Caprolactam. The company produces a wide range of fertilisers like Complex fertilisers (Factamfos), Straight fertilisers (Ammonium Sulphate), Organic fertilisers, Biofertilisers and Imported fertilisers (Muriate of Potash).

Key metrics: 

  • Return on equity (ROE): 29.4%
  • Return on Capital Employed (ROCE): 16.9

2. Deepak Fertilisers and Petrochemicals Corporation Ltd

Deepak Fertilisers and Petrochemicals Corporation Ltd is in the business of fertilisers, agri services, bulk chemicals, mining chemicals and real estate. During Q3FY25, the company reported a remarkable 72% increase in EBITDA to ₹486 crore. CNB business continue to out-perform, revenue up by 55% YOY, driven by good monsoon and execution of crop focus value added strategy

Key metrics: 

  • ROE: 7.67%
  • ROCE: 10.7%

3. Coromandel International Ltd

Coromandel International offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, bio pesticide, specialty nutrients, organic fertilizers, etc. The company reported robust performance in Q3 FY25, backed by strong sales volumes in Nutrients and crop protection segments, operational excellence across businesses and continued execution of its strategic initiatives.

Key metrics: 

  • ROE:18.99%
  • ROCE: 26%

4. Rashtriya Chemicals & Fertilisers Ltd

Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) engaged in manufacturing and marketing of fertilizers and industrial chemicals. RCF manufactures Urea, Complex Fertilizers, Biofertilizers, Micro-nutrients, 100 per cent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals

Key metrics: 

  • ROE: 4.20%
  • ROCE: 6.16%

5. Gujarat Narmada Valley Fertilizers & Chemicals Limited

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) operates mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. During 1HFY25 revenue is adversely affected due to prolonged maintenance shutdown of TDI – Dahej plant resulting into lower volume

Key metrics: 

  • ROE: 5.63%
  • ROCE: 7.71%

Best Fertiliser Stocks In India Based on 5Y CAGR 

Name Market Cap (₹ in crore) 5Y CAGR (%)
Bayer Cropscience Ltd 22,930.58 14.28
Coromandel International Ltd 53,722.85 7.37
Chambal Fertilisers and Chemicals Limited 19,792.22 6.97
Gujarat Narmada Valley Fertilizers & Chemicals Limited 8,017.08 5.92
Gujarat State Fertilizers & Chemicals Limited 8,079.93 5.91

Note: The best fertiliser stocks for Feb 2025 are sorted based on 5YCAGR as of January 31, 2025. 

Overview of the Fertiliser Industry

The Indian fertilizer industry is set for significant growth, with the market projected to reach ₹1.38 lakh crore by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.2% from 2024 to 2032. This underscores the sector’s vital role in boosting India’s agricultural output and ensuring food security.

In 2023, the market size was ₹94,210 crore, fueled by increasing agricultural demands and proactive government measures. Fertilizer production in FY24 reached 45.2 million tonnes, reflecting the success of the Ministry of Fertilizers’ policies. As the world’s second-largest producer of fruits and vegetables, after China, India’s agricultural prominence further drives the industry’s growth.

 

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.

Union Budget 2025: Will It Impact Stock Market?

The Union Budget is one of the most closely watched events in India’s economic calendar. It has a significant influence on the country’s financial landscape, often sparking dramatic fluctuations in the stock market. Investors, analysts, and businesses eagerly await the government’s proposed measures to better understand how they might affect different sectors of the economy. With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, 2025, the anticipation is higher than ever. This year, the stock markets will also remain open on Saturday—a rare occurrence.

As Budget Day approaches, let’s take a closer look at how it can influence the stock market and why it matters for investors.

Role of the Budget in Promoting Economic Growth

One of the primary objectives of any Union Budget is to stimulate economic growth. When the government announces measures designed to boost the economy, the stock market typically reacts positively. Initiatives such as tax cuts, increased infrastructure investments, or incentives for businesses can all have a direct impact on market sentiment. These measures can boost investor confidence, leading to a rise in stock prices as markets expect stronger economic performance.

Putting More Money in People’s Hands

The Budget also has the power to put more money into people’s pockets, which, in turn, can stimulate spending. Tax reductions, direct income transfers, and measures to control inflation can all help increase disposable income. When people have more to spend, businesses benefit, particularly in sectors such as retail, automobiles, and consumer goods. As these sectors perform better, the stock prices of companies within them tend to rise, which can have a positive knock-on effect on the overall market.

Impact of Taxation Changes

Taxation changes are one of the most significant aspects of the Union Budget. The government may introduce tax cuts, which generally increase disposable income and corporate profits. This tends to encourage more investments, driving up stock prices. Conversely, an increase in taxes could reduce consumer spending and corporate profitability, which can negatively affect market sentiment.

The Budget also often impacts taxes on stock market profits—such as capital gains taxes and dividend taxes. Lower taxes on these profits can make investing in the stock market more attractive, encouraging more capital inflows and boosting stock prices. However, an increase in capital gains or dividend taxes could dampen investor enthusiasm and result in lower stock prices.

Historical Union Budget Reaction on the Stock Market 

Union Budget 2024

The Union Budget for 2024, which was the interim budget 2024, presented on February 1, created ripples in the financial markets. The stock markets initially saw a decline after the government proposed raising taxes on capital gains and trading derivatives. Both the NSE Nifty 50 and S&P BSE Sensex experienced a drop of around 1%.

Union Budget 2023

The Union Budget for 2023, also presented by Finance Minister Nirmala Sitharaman on February 1, aimed at strengthening public finances and the financial sector. The stock market reacted with a mix of optimism and caution. During intraday trade, the Sensex surged by over 1,100 points but ultimately closed just 158.18 points higher at 59,708.08. In contrast, the Nifty 50 fell by 45.85 points, closing at 17,616.30.

Conclusion

The Union Budget remains a cornerstone event in India’s economic year, and as February 1 draws near, the market’s volatility will continue to reflect the public’s and investors’ expectations about the government’s fiscal policies. Whether you’re an individual investor, a business owner, or a financial analyst, keeping an eye on the Union Budget’s impact is essential for navigating the ever-changing landscape of the Indian stock market.

 

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.

Mid-Day Top Gainers and Losers on January 31, 2025: Tata Consumer and Nestle Led Gainers

On January 31, 2025, as of 12:50 PM, the BSE Sensex was up by 0.79% at 77,360.47, while the Nifty 50 was up 0.94% at 23,468.45. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
TATACONSUM 970 1,024.90 967.9 1,024.25 5.95
NESTLEIND 2,217.35 2,387.00 2,209.50 2,349.30 5.95
BEL 283.9 293.5 281.6 292.4 4.9
TRENT 5,569.00 5,817.65 5,527.75 5,762.05 4.55
TITAN 3,400.00 3,522.60 3,392.40 3,517.90 4.44

Tata Consumer

Tata Consumer shares opened at ₹970, and hit a high of ₹1,024.90, with a day change of +₹5.95, up by 0.58%.

Nestle India

Nestle India shares opened at ₹2,217.35, and peaked at ₹2,387.00, with a day change of +₹5.95, up by 0.26%.

BEL

BEL started at ₹283.9, and reached a high of ₹293.5, with a day change of +₹4.9, up by 1.71%.

Trent

Trent shares opened at ₹5,569.00, and went up to ₹5,817.65, with a day change of +₹4.55, up by 0.08%.

Titan

Titan shares opened at ₹3,400.00, and touched ₹3,522.60, with a day change of +₹4.44, up by 0.13%.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ITCHOTELS 155.1 164.3 155.1 160.25 -1.84
BHARTIARTL 1,639.10 1,639.10 1,574.25 1,616.40 -1.48
BAJAJFINSV 1,713.60 1,753.70 1,698.20 1,724.50 -1.19
ICICIBANK 1,254.50 1,256.00 1,239.10 1,246.00 -0.76
ULTRACEMCO 11,488.65 11,555.00 11,392.15 11,444.00 -0.31

ITC Hotels

ITC Hotels shares opened at ₹155.1, dropped to a low of ₹155.1, with a day change of -₹1.84, down by 1.18%

Bharti Airtel

Bharti Airtel shares opened at ₹1,639.10, hit a low of ₹1,574.25, with a day change of -₹1.48, down by 0.09%.

Bajaj Finserv

Bajaj Finserv shares opened at ₹1,713.60, and reached a low of ₹1,698.20, with a day change of -₹1.19, down by 0.07%.

ICICI Bank

ICICI Bank shares opened at ₹1,254.50, dipping to a low of ₹1,239.10, with a day change of -₹0.76, down by 0.06%.

Ultratech Cement

Ultratech Cement shares opened at ₹11,488.65, fell to a low of ₹11,392.15, with a day change of -₹0.31, down by 0.03%.

 

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.

Preparing for Union Budget 2025: Key Sectors to Watch

The Finance Minister is all set to present the Union Budget 2025 on Saturday, February 1, 2025, and the Indian stock market will remain operational like a normal trading day. The market and various sectors are anticipating significant announcements in the upcoming budget. Expectations include tax reforms, housing benefits, enhancements to the healthcare sector, and incentives for the automobile sector. Let’s now take a look at the key sectors ahead of FM Nirmala Sitharaman’s speech on the Union Budget 2025.

Defence Sector

The defence sector received an allocation of ₹6,21,940.85 crore in the Union Budget for FY25. This marks an increase of about ₹1,00,000 crore (18.43%) compared to the FY 2022-23 allocation and 4.79% more than the allocation for FY 2023-24.

The sector is expected to focus on initiatives that boost defence exports and accelerate domestic procurement, alongside capital allocations.

Defence companies like Hindustan Aeronautics Limited, Bharat Dynamics Limited, and Bharat Electronics Limited will be of particular interest to investors.

Railway Sector

The Finance Minister allocated a record ₹2,62,200 crore to the Railways in the Union Budget 2024. The gross budgetary support for the Railways is set at ₹2,52,200 crore, a significant rise from ₹2,40,200 crore in 2023-24.

Stocks of railway companies such as IRCTC, RVNL, and Railtel are likely to gain attention, given the continuous increase in budgetary allocations for the sector.

Telecom Sector

The telecom sector was allocated ₹1,11,915 crore in FY 2024-25, reflecting a 14% increase over the revised estimates for 2023-24. The telecom sector’s budget allocation was 2.3% of the total central government budget.

With ongoing AGR dues and rising debt levels of telecom companies, investors will closely watch companies like VI, Bharti Airtel, and Reliance.

Infrastructure Sector

India’s infrastructure sector is poised for significant growth, with planned investments of US$ 1.4 trillion by 2025. The government’s National Infrastructure Pipeline (NIP) is designed to direct substantial capital into critical sectors like energy, roads, railways, and urban development.

Given the strong growth outlook, infrastructure companies such as L&T, Afcons, and others will attract attention from investors.

Energy Sector

India’s energy demand is forecasted to grow faster than any other country over the next few decades due to its vast size and immense potential for development. In 2024, India added 24.5 GW of solar and 3.4 GW of wind capacity, maintaining momentum in the sector. However, to meet its 2030 targets, India will need to scale up renewable energy installations to 50–60 GW annually, while expanding energy storage capacity to at least 20 GWh per year.

Conclusion

As India awaits the Union Budget 2025, there are high expectations across various sectors for reforms and strategic investments. The Defence, Railway, Telecom, Infrastructure, and Energy sectors are all positioned for growth, with significant allocations and focus on modernisation, sustainability, and boosting exports.

 

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 Government to Launch Own AI Model at Affordable Costs

India is on the verge of launching its own indigenous AI model—safe, secure, and tailored to meet the country’s unique needs. Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, made this announcement in New Delhi at Electronics Niketan. With this move, India is positioning itself as a reliable technological powerhouse in the field of artificial intelligence, committed to offering ethical, innovative, and cost-effective AI solutions.

The Indian AI mission aims to create solutions that are deeply rooted in India’s linguistic diversity and unique social contexts, setting it apart from other global AI systems.

The initiative is backed by a high-end computing facility designed to support the development of AI applications that are tailored to the Indian market. Scientists, researchers, developers, and coders are already working on multiple foundational models. With the rapid pace of progress, the government expects India’s AI model to be ready within the next 6 months.

High-Performance Computing Facility for AI Research

The India AI Mission is equipped with a cutting-edge computing facility, initially featuring 10,000 GPUs, with plans to add 8,693 GPUs soon. This powerful facility will benefit researchers, students, and developers, enabling them to work on AI projects at a significantly reduced cost. Compared to global AI models, which charge between $2.5 and $3 per hour for computational usage, India’s AI model will offer GPU computation at less than ₹100 per hour, after a 40% government subsidy.

Additionally, India will offer flexible pricing plans, including attractive half-yearly and annual packages, making it highly affordable for a wide range of users. This approach aligns with the government’s vision of democratizing access to cutting-edge technology, ensuring that even smaller startups and individual developers can participate in AI research and development.

India’s AI Model: Built for Local Context

Over the past year and a half, India has been building a robust AI ecosystem to support the development of its foundational models. This effort is focused on addressing the linguistic, cultural, and contextual needs of the country while ensuring that AI remains inclusive and free from biases.

Experts believe that India’s AI model will bring a new level of innovation, offering solutions that are specifically designed to serve the needs of Indian users. With the development of these models, India is set to tackle local challenges in areas such as agriculture, healthcare, disaster management, and more.

AI Applications to Benefit Citizens

The India AI Mission is not just about building a powerful AI model; it is also about applying this technology to improve the lives of Indian citizens. The government has identified 18 key applications across various sectors where AI can bring tangible benefits. These sectors include:

  • Agriculture: AI-driven solutions for improving crop yield and soil health.
  • Healthcare: Enhancing diagnostics, treatment planning, and healthcare accessibility.
  • Weather Forecasting and Disaster Management: Leveraging AI to predict extreme weather events and optimize disaster response.
  • Climate Change Mitigation: Using AI for environmental monitoring and sustainable development.

By focusing on these critical areas, India’s AI model will contribute to addressing some of the nation’s most pressing challenges, from climate change to learning disabilities in children.

Looking Ahead: India’s AI Model as a Global Powerhouse

India’s rise as a global leader in AI is no longer a distant dream. With its focus on affordability, inclusivity, and innovation, the country is poised to make a significant impact on the global AI landscape. By leveraging AI for industrial applications beyond chatbots and image generation—such as optimizing railway ticketing systems, monitoring the health of oil drilling rigs, and improving agricultural practices—India is addressing real-world challenges in a way that benefits not just its citizens but the world at large.

As India continues to build its AI capabilities, it is also investing in education. Stanford University recently ranked India among the top countries in AI education, with 240 universities offering AI courses and 100 universities equipped with 5G labs. This emphasis on AI education will play a crucial role in creating the next generation of AI experts and innovators.

Conclusion

With its homegrown AI model, India is not only advancing its technological infrastructure but also leading the way in ensuring that AI is affordable, inclusive, and ethically developed. By focusing on local needs, democratizing access to computing resources, and addressing societal challenges, India is well on its way to becoming a global AI powerhouse. The India AI Mission is an ambitious and forward-thinking initiative that will shape the future of AI and benefit millions of people, both in India and beyond.

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.

BEL Shares Rose Over 3% After Market Reacts Positively to Q3FY25 Earnings

On January 31, 2025, BEL shares rose over 3%, reaching a day high of ₹288.60 at 10:15 AM, after opening at ₹284.35. The gain in Navratna Defence PSU, BEL shares reported a Turnover of ₹5643.25 crore in Q3FY25, reflecting a substantial growth of 36.97% compared to ₹4120.10 crore in the same period of the previous year.

BEL’s Reported Growth in PAT Duting Q3FY25

The Profit Before Tax (PBT) for BEL during the Q3FY25 stood at ₹1754.15 crore, demonstrating a strong growth of 49.64% from ₹1172.26 crore recorded in the corresponding quarter of the previous year.BEL’s Profit After Tax (PAT) for the Q3FY25, reached ₹1316.06 crore, marking a growth of 47.33% compared to ₹893.30 crore during the same period in the previous year.

For the first three quarters of FY 2024-25, BEL achieved a cumulative Turnover of ₹14,173.68 crore, compared to ₹11,484.92 crore recorded in the same period last year. The Profit Before Tax (PBT) increased to ₹4,242.37 crore from ₹2,948.95 crore, while the Profit After Tax (PAT) grew to ₹ 3,183.47 crore from ₹2,236.48 crore in the corresponding period of FY 2023-24.

As of January 01, 2025, BEL’s order book stood at a robust ₹71,100 crore, reflecting strong future growth potential.

 

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.

Adani Enterprises Shares in Focus: PAT Fell ~97% During Q3 FY25

On January 30, 2025, Adani Enterprises (AEL) released its financial results for the quarter and year ended December 31, 2025, wherein, it reported a 96.9% drop in its consolidated net profit to ₹57.83 crore, compared to ₹1,888.45 crore in the same quarter last year. The sharp decline was mainly attributed to underperformance in the company’s coal trading division. Despite the profit drop, the company’s consolidated revenue from operations for the quarter saw a marginal year-on-year decrease of 8.8%, falling to ₹22,848.42 crore from ₹25,050.23 crore.

Adani Enterprises 9MFY25 Performance

For the 9M FY25 period, AEL reported a 6% increase in revenue, reaching ₹72,763 crore. The company also saw a significant 29% growth in EBITDA, which rose to ₹12,377 crore, driven by strong operational performance from the ANIL Ecosystem and Airports. Profit Before Tax (PBT) also grew by 21%, amounting to ₹5,220 crore, reflecting the company’s continued financial strength and operational excellence.

AEL’s performance for the nine months ending December 31, 2024, underscores the strength and consistency of its incubating businesses. These sectors have shown robust operational and financial performance, with significant growth driven by the emerging core infrastructure sectors, such as Adani New Industries (Green Hydrogen Ecosystem) and Adani Airports.

During this period, AEL achieved its highest-ever consolidated nine-month EBITDA of ₹12,377 crore, with 62% of this coming from incubating businesses, highlighting their strong growth and future potential.

Adani Enterprises Business Highlights

  • Navi Mumbai Airport: Successfully conducted the first commercial flight validation test, bringing it one step closer to becoming fully operational.
  • Hyderabad Data Center: Phase I of the data center, with a capacity of 9.6 MW, is now fully operational.
  • ANIL Wind Business: The business now has four models listed in the RLMM, with the addition of the 3.3 MW Wind Turbine Generator (WTG) model in the current quarter.
  • Sustainability Achievements: AEL has demonstrated exceptional performance in the 2024 S&P Global Corporate Sustainability Assessment (CSA) and is ranked among the top five companies globally for ESG (Environmental, Social, and Governance) performance out of 180 sector peers.

On January 31, 2025, Adani Enterprises shares opened at ₹2,220.30 and touched the day high of ₹2,266.55 at 09:50 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.

Waaree Energies Share Price Rose Over 12%: PAT Up Four Fold in Q3FY25

On January 31, 2025, Waaree Energies’ shares saw a significant increase of over 10%, reaching a day high of ₹2,505.85 at 09:20 AM after opening at ₹2,446.85. This surge in Waaree Energies share price followed the company’s announcement of its financial results for the quarter and nine months ending December 31, 2025.

Waaree Energies Q3FY25 Earnings Growth

During Q3FY25, Waaree Energies reported an impressive 260% growth in net profit, which surged to ₹5,068.76 million, up from ₹1,408.06 million in the same quarter of the previous year. This growth was supported by a remarkable increase of approximately 115% in total income, which rose to ₹35,452.65 million compared to ₹16,517.74 million in Q3FY24.

On the operational front, Waaree Energies achieved a 257% increase in EBITDA, which amounted to ₹8,097.05 million. This led to an EBITDA margin of 22.84%, highlighting the company’s strong operational efficiency.

As of the latest update, Waaree Energies boasts a robust order book of 26.5 GW, valued at ₹50,000 crore, positioning the company for sustained growth in the renewable energy sector.

The company also reported production of 1.81 GW in Q3FY25, reflecting an impressive 68% year-on-year growth. This performance reinforces Waaree Energies’ efficient execution strategy.

Waaree Energies Capital Expenditure and Investments

In line with its expansion strategy, Waaree Energies has approved several key investments:

  • On November 18, 2024, the Board approved a capital expenditure of ₹551 crores for setting up a 300 MW Electrolyser manufacturing plant, alongside an investment of ₹200 crores.
  • On December 23, 2024, the Board also approved a capital expenditure of ₹2,073 crores and an investment of ₹650 crores for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant.
  • Additionally, a capital expenditure of ₹130 crores was approved for its Inverter Business.

Commenting on the results Mr Amit Paithankar, Whole Time Director & CEO, Waaree Energies Ltd said: “As an energy transition company, we see immense opportunities and are well posiƟoned to tap into new business areas. Our solar business continues to be strong and we are rapidly advancing in the adjacencies of energy storage systems, green hydrogen, inverters and renewable infrastructure. The momentum in this space is stronger than ever, and we are well-posiƟoned to capitalise on it.”

He further added, “We continue to build on our strengths, enhancing scalability and internal efficiencies, which have been reflected in our 9M FY25 performance. Strong execution and disciplined growth remain at the core of our strategy. The US contributed ~15-20% of our revenue mix. As we expand globally, we are strengthening our presence in high-potential regions, ensuring that we stay ahead of the curve in this fast-evolving industry. We are excited about the road ahead and remain committed to driving meaningful change in the energy landscape.”

 

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.

IEX Shares to Trade Ex-Date on January 31: Declared Interim Dividend of ₹1.50

On January 31, 2025, IEX shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the interim dividend of ₹1.50 for FY25.

IEX Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
May 31, 2024 Final 1.50
Feb 01, 2024 Interim 1.50
July 28, 2023 Final 1.50

IEX Q3FY25 Business Update 

In the power sector, electricity demand reached 393 BUs during Q3FY25, marking a 3% YoY increase. For 9MFY25, the country’s electricity demand totalled 1,279 BUs, reflecting a 5% growth compared to the same period last year.

On the fuel side, coal availability has been sufficient this fiscal year. Coal is being offered at a modest premium of 10% to 20% through the Shakti B8 auction, with current coal inventories covering approximately 19 days of demand.

The adequate fuel supply this quarter resulted in increased liquidity on the exchange platform, with the volume of power sold in the day-ahead market rising by 62% year-on-year. This led to a softening of prices, with the average price in Q3FY25 dropping nearly 26% year-on-year to ₹3.71/unit.

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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.