Best EV Stocks For February 2025 Based on 5Y CAGR: JBM Auto, KPIT Tech, M&M and More

The Electric Vehicle (EV) sector in India is currently in the rapid growth phase on the back of government incentives, rising environmental concerns, and technological advancements. The nation is looking to substantially grow EV adoption, and change its transportation landscape towards sustainability and innovation with initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. In this blog, we will explore the best EV stocks for Feb 2025 based on different parameters.

Best EV Stocks For Feb 2025 Based on 5Y CAGR

Company Name Market Cap (In ₹ Crore) 5Y CAGR (%)
JBM Auto Ltd 17,965.88 70.08
KPIT Technologies Ltd 35,178.14 67.58
Mahindra and Mahindra Ltd 3,38,942.04 38.55
Tata Motors Ltd 2,73,415.55 31.96
Ashok Leyland Ltd 60,730.32 19.21

Note: The stocks mentioned above have been selected and sorted based on 5Y CAGR as of January 23, 2024

Overview of 5 Best EV Stocks Based on 5Y CAGR

JBM Auto Ltd

Incorporated in 1983, JBM Auto Ltd is engaged in the manufacturing and sells sheet metal components, tools, dies & moulds. It is the market leader in e-buses. Recently, JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, secured the contracts as a bus operator for Procurement, Operation and Maintenance of 343 Electric Buses for Ahmedabad BRTS, Ahmedabad Municipal Transport Service under Gross Cost Contracting [GCC] and some leading Corporates.

Key Metrics:

  • ROE: 15.9%
  • ROCE: 14.4%

KPIT Technologies Ltd

KPIT is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future. During Q2 FY25, commenced strategic engagements in the electric powertrain and connected domains for a leading American car manufacturer.

Key Metrics:

  • ROE: 31.2%
  • ROCE: 38.4%

M&M Ltd 

Mahindra & Mahindra (M&M) Ltd is one of the most diversified automobile companies in India. M&M enjoys market leadership with a market share of 43.6% in the E-3W segment and the company has recently launched two new PV BE 6E and XEV 9E.

Key Metrics:

  • ROE: 18.4%
  • ROCE: 13.6%

Tata Motors Ltd

Tata Motors Group is a leading global automobile manufacturer, it offers a wide and diverse portfolio of cars, SUVs, trucks, buses and defence vehicles to the world. During Q2 FY25, JLR radically transformed its plant in Halewood, Merseyside in preparation for electric vehicle production.

Key Metrics:

  • ROE: 49.4%
  • ROCE: 20.1%

Ashok Leyland Ltd

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. During Q2FY25, the company received a large order of 180 electric trucks in 19- and 55-ton categories. It is also progressing well in creating new centres of excellence for EVh.

Key Metrics:

  • ROE: 28.4%
  • ROCE: 15.0%

Best EV Stocks For Feb 2025 Based on Net Margin

Company Name Market Cap (In ₹ Crore) Net Margin (%)
KPIT Technologies Ltd 35,178.14 12.06
Hero MotoCorp 81,113.81 9.69
Maruti Suzuki India Limited 3,77,922.90 9.23
Mahindra and Mahindra Ltd 3,38,942.04 7.91
Amara Raja Energy & Mobility Ltd 19,511.42 7.91

Note: The stocks mentioned above have been selected and sorted based on net margin as of January 23, 2024

Best EV Stocks For Feb 2025 Based on Debt to Equity

Company Name Market Cap (In ₹ Crore) Debt to Equity(x)
Maruti Suzuki India Limited 3,77,922.90 0.00
Amara Raja Energy & Mobility Ltd 19,511.42 0.02
Hero MotoCorp 81,113.81 0.03
Greaves Cotton Ltd 5,706.26 0.05
Exide Industries Ltd 31,934.50 0.09

Note: The stocks mentioned above have been selected and sorted based on debt to equity as of January 23, 2024

What are EV Stocks?

EV stocks represent companies that produce or supply electric vehicles, batteries, motors, software, and charging stations. Electric cars not only cut down on fuel expenses but also emit much less pollution. With India’s push for electric mobility, more investors are turning to top EV stocks in the country.

Factors to Consider Before Investing in EV Stock

There are several important factors to consider before investing in electric vehicle (EV) stocks,

  1. Market Growth and Demand: Assess the potential expansion of the EV market, taking into consideration government policies, incentives, and the growing demand for eco-friendly transportation. Pay attention to trends in EV adoption and the development of supporting infrastructure, such as charging stations.
  2. Company Financials: Review the financial stability of the EV companies you are interested in, including their revenue growth, profitability, debt, and cash flow. A solid financial base can help a company navigate market fluctuations.
  3. Technology and Innovation: Look at the company’s commitment to innovation, especially in areas like battery technology, autonomous driving, or EV-related software. Companies leading in technological advancements could have a competitive advantage.
  4. Government Regulations and Support: Investigate the regulatory environment for electric vehicles in the country where the company operates. Government incentives, subsidies, and policies aimed at reducing emissions can play a crucial role in boosting EV company profits.

EV Sector in India: An Overview

India’s electric vehicle (EV) market is expected to grow at a compound annual growth rate (CAGR) of 28.52%, reaching a value of US$ 18.319 billion by 2029, up from US$ 5.22 billion in 2024. Furthermore, the Indian EV battery market is predicted to rise from US$ 16.77 billion in 2023 to US$ 27.70 billion by 2028. Leading players in the industry are working to enhance EV charging infrastructure.

For example, Hyundai Motor India is making strides to increase EV accessibility across the country by expanding its ultra-fast charging network, adding 11 new stations in key cities such as Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore, as well as along major highways.

 

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 of the Day: HUL Lead Gains, Dr Reddy Slides on January 24, 2025

On January 24, 2025, the Indian benchmark indices ended lower, whereby Nifty 50 fell 0.49% to 23,092.20 while Sensex dropped 0.43% to 76,190.46. Nifty Media and Nifty Realty fell 2.60% and 2.37%, respectively.

Top Gainers of the Day

Symbol Open High Low LTP %chng
HINDUNILVR 2,332.85 2,380.80 2,323.00 2,380.10 2.52
BRITANNIA 5,037.70 5,108.00 5,013.15 5,100.00 1.74
EICHERMOT 5,134.00 5,224.50 5,115.05 5,190.25 1.45
GRASIM 2,466.35 2,514.05 2,453.45 2,495.00 1.38
ICICIBANK 1,203.10 1,218.00 1,202.00 1,213.70 0.99

Hindustan Unilever

HUL shares saw a solid gain, opening at ₹2,332.85 and closing at ₹2,380.10, marking a 2.52% increase, reflecting positive momentum.

Britannia

With a 1.74% gain, Britannia shares opened at ₹5,037.70 and reached a high of ₹5,108.00 before closing at ₹5,100.00.

Eicher Motors

Eicher Motors shares opened at ₹5,134.00 and closed at ₹5,190.25, posted a 1.45% gain.

Grasim

Grasim shares showed a 1.38% increase, with an opening price of ₹2,466.35 and closing at ₹2,495.00.

ICICI Bank

ICICI Bank shares had a modest 0.99% gain, starting at ₹1,203.10 and ending at ₹1,213.70, showing mild but steady upward momentum.

Top Losers of the Day

Symbol Open High Low LTP %chng
DRREDDY 1,229.95 1,252.65 1,203.50 1,226.20 -4.9
TRENT 5,720.00 5,755.05 5,466.45 5,499.00 -4.09
M&M 2,875.00 2,896.00 2,790.00 2,799.00 -3.03
ADANIENT 2,387.75 2,406.00 2,299.40 2,314.05 -2.97
BPCL 274 279.4 263 263.25 -2.95

Dr Reddy

Dr Reddy shares opened at ₹1,229.95 and closed at ₹1,226.20, reflecting a 4.9% drop after hitting a low of ₹1,203.50, indicating significant negative pressure.

Trent

Trent shares saw a decline of 4.09%, opening at ₹5,720.00 and closing at ₹5,499.00 after dipping to ₹5,466.45, showing notable weakness.

M&M

M&M shares dropped by 3.03%, starting at ₹2,875.00 and closing at ₹2,799.00 after hitting a low of ₹2,790.00, suggesting a downward trend.

Adani Enterprises

Adani Enterprises shares fell by 2.97%, opening at ₹2,387.75 and ending at ₹2,314.05 after reaching a low of ₹2,299.40, reflecting a negative shift.

BPCL

BPCL shares declined by 2.95%, opening at ₹274.00 and closing at ₹263.25 after reaching a low of ₹263.00, signalling a sharp drop.

 

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.

Best Ethanol Stocks For Feb 2025 Based on 5Y CAGR: Shree Renuka, EID Parry and More

Ethanol, a key biofuel, is primarily produced through the fermentation of sugars by yeast or through petrochemical processes like ethylene hydration. Beyond serving as an alternative fuel, it is extensively used in industries as a solvent and in the creation of organic compounds. Ethanol also plays an important role in medicine as an antiseptic and disinfectant. In India, significant progress is being made in securing a sustainable energy future by integrating practices like ethanol blending. In this blog, let us look at the best ethanol stocks for February 2025:

Ethanol Industry in India: An Overview

As India’s energy demand continues to rise due to factors like economic growth, population increase, urbanization, and changing lifestyles, ethanol plays a vital role in addressing this need. By March 2024, fossil fuels accounted for nearly 98% of the fuel used in the road transportation sector, while biofuels like ethanol made up only 2%. This heavy reliance on fossil fuels poses challenges for energy security, foreign currency outflow, and environmental sustainability.

As of April 2024, India’s industrial ethanol production capacity reached 13.80 billion litres, with 8.75 billion litres coming from molasses and 5.05 billion litres from grain-based feedstocks. The Indian government has made significant progress, achieving a 12% ethanol blending rate in FY 2024 to meet its target of 20% by 2025.

Best Ethanol Stocks in Feb 2025 Based on 5-Year CAGR

Name Market Cap (in ₹ crore.) 5 yr CAGR (%)
Piccadily Agro Industries Ltd 7,582.52 147.01
Triveni Engineering & Industries Limited 8,480.11 37.08
Shree Renuka Sugars 8,096.78 36.09
Bajaj Hindusthan Sugar Ltd 3,701.73 33.87
EID Parry (India) 14,954.56 29.85

Note: The above ethanol stocks have been selected and sorted based on 5Y-CAGR and market capitalisation of a minimum ₹3,000 Crore as of January 24, 2024.

Overview of Best Ethanol Stocks

Piccadily Agro Industries Ltd

Piccadilly Agro Industries Ltd (PAIL) is engaged in the manufacturing of sugar and distillery products at its facility in Haryana. As of November 2024, the company boasts an ethanol production capacity of 78 KLPD. During Q2FY25, it raised capital aggregating ₹262 Crore through preferential allotment, which is being utilised for ongoing expansions

Key Metrics

  • ROE: 30.6%
  • ROCE: 29.6%

Triveni Engineering and Industries Limited

As a prominent player in the Indian market, Triveni Engineering and Industries Ltd excels in sugar and ethanol production. In Q2 FY25 and H1 FY25, ethanol represented 93% and 92% of total alcohol sales, compared to 94% and 93% in the corresponding periods of the previous year. During Q2FY25, the sales volume of low-margin ethanol produced from maize operations increased substantially.

Key Metrics

  • ROE: 14.2%
  • ROCE: 14.8%

Shree Renuka Sugars

Shree Renuka Sugars Ltd is a producer of refined sugar, ethanol, and ethyl alcohol, with a focus on electricity generation and distribution. The recent easing of the ban on ethanol production from CJ and BH molasses presents positive outlooks for the upcoming season.

Key Metrics

  • ROE: 
  • ROCE: 10.2%

EID Parry (India) Ltd

EID Parry operates in the sectors of sugar, nutraceuticals, and ethanol production. In Q2 FY25, EID Parry sold approximately 419 lakh litres, compared to 304 lakh litres in the previous year, with ENA sales at 159 lakh litres and ethanol sales reaching around 260 lakh litres.

Key Metrics

  • ROE: 13.5%
  • ROCE: 20.3%

Best Ethanol Stocks in Feb 2025 Based on Net Margin

Name Market Cap (in ₹ crore.) Net Margin
Piccadily Agro Industries Ltd 7,582.52 13.56
Balrampur Chini Mills Ltd 9,783.18 9.22
Triveni Engineering & Industries Limited 8,480.11 7.48
Bannari Amman Sugars Ltd 4,770.85 6.84
EID Parry (India) 14,954.56 3.03

Best Ethanol Stocks in Feb 2025 Based on Debt to Equity Ratio

Name Market Cap (in ₹ crore.) Debt to Equity
EID Parry (India) 14,954.56 0.16
Bannari Amman Sugars Ltd 4,770.85 0.29
Triveni Engineering & Industries Limited 8,480.11 0.49
Piccadily Agro Industries Ltd 7,582.52 0.51
Balrampur Chini Mills Ltd 9,783.18 0.59

Factors to Consider Before Investing in Ethanol Sector Stocks in India

Investing in the ethanol sector in India can be promising, but it comes with specific risks and considerations. Here are some key factors to consider before making investment decisions in ethanol sector stocks.

  • Blending Targets and Demand Growth: The Indian government has set an ambitious ethanol blending target, which significantly impacts the demand for ethanol in the transport sector. A rising demand for ethanol as an alternative fuel due to these targets can drive growth in the sector
  • Raw Material Availability: Ethanol production in India is primarily based on crops like sugarcane, corn, and maize. The availability and cost of these raw materials can fluctuate due to weather conditions, agricultural yields, and global commodity prices. Investors should monitor agricultural trends closely.
  • Competition and Market Dynamics: The ethanol market is competitive, with several players involved in both production and blending. Understanding the competitive landscape and evaluating the market share of potential companies is important for identifying strong investment candidates.
  • Domestic Ethanol Demand: Analysing domestic ethanol demand and the potential for exports is vital, as these factors significantly influence the industry’s growth trajectory.

Should You Invest in Ethanol Stocks?

Investing in ethanol stocks demands careful analysis due to several potential risks, including fluctuations in commodity prices, changes in regulations, and competition from other energy alternatives. Although the sector shows strong growth potential, stock performance can be impacted by factors such as policy adjustments, market dynamics, and advancements in technology.

Conclusion

Ethanol, known for its versatility as a key fuel, has considerable potential to make a positive impact. Widespread adoption of ethanol could lead to substantial savings on oil imports and help safeguard the environment. Before investing in leading ethanol stocks in India, it is essential to consider the various factors that impact the 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.

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

Euro Pratil Filed DRHP with SEBI to Float IPO: Raising ₹730 Crore

Euro Pratik Sales Limited, a Mumbai-based leading supplier of decorative wall panels and premium laminates, has filed its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise ₹730 crore via IPO.

Euro Pratik IPO Details

Euro Pratik’s IPO is entirely an offer-for-sale (OFS), with no fresh issue of shares. The company aims to raise ₹730 crore through the sale of equity shares with a face value of ₹1 each. All proceeds from the IPO will go to the selling shareholders, as Euro Pratik will not receive any funds from the offering.

The promoters selling stakes include:

  • Pratik Gunvantraj Singhvi: ₹45.7 crore
  • Jai Gunvantraj Singhvi: ₹45.1 crore
  • Pratik Gunvantraj Singhvi HUF: ₹253.4 crore
  • Jai Gunvantraj Singhvi HUF: ₹253.4 crore
  • Dipty Pratik Singhvi: ₹66.2 crore
  • Nisha Jai Singhvi: ₹66.2 crore

Axis Capital Ltd and DAM Capital Advisors Ltd are acting as the book-running lead managers for the issue, while MUFG Intime India Private Limited (formerly Link Intime India) is the registrar.

About Euro Pratik Limited

Euro Pratik Sales manufactures decorative wall panels and premium laminates, offering over 30 products. It has a strong distribution network, with more than 173 distributors across 23 states and union territories in India.

As of September 30, 2024, for the financial year 2024-25, the company reported a net profit of ₹43.40 crore. For the financial year 2023-24, it saw a 5.6% increase in net profit, rising to ₹62.9 crore from ₹59.56 crore in the previous year. The company reported a net profit of ₹44.5 crore in FY 2021-22.

 

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

Amber Enterprises Shares Zoom ~4%: EBITDA Rose 97% YoY During Q3FY25

On January 24, 2025, Amber Enterprises shares rose ~4% and touched the day high of ₹7,249.95 at 11:15 AM after opening at ₹7,100.10. The gain in Amber Enterprises shares came after the release of its unaudited financial results for the quarter (Q3FY25) and nine months (9MFY25) ended December 31, 2024.

Amber Enterprises Q3 FY25 Performance

Amber Enterprises reported strong financial performance for Q3FY25, with consolidated revenue of ₹2,133 crore, reflecting a 65% year-on-year growth. Operating EBITDA surged to ₹162 crore, marking a 97% YoY increase. Profit After Tax (PAT) for the quarter stood at ₹37 crore, a significant turnaround from a loss of ₹1 crore in the same period last year.

Amber Enterprises 9M FY25 Performance

For the nine months ended December 31, 2024, the consolidated revenue reached ₹6,219 crore, a 59% increase compared to the same period last year. Operating EBITDA grew to ₹482 crore, up 69% YoY. PAT stood at ₹133 crore, reflecting a remarkable 228% growth over the corresponding period in the previous year.

Amber’s business diversification strategy is gaining momentum, with the Consumer Durable and Electronic Divisions posting strong quarterly revenue growth of 67% and 96%, respectively, compared to the previous year.

Commenting on the results and performance for Q3 & 9MFY25, Mr Jasbir Singh, Executive Chairman & CEO and Whole-time Director of Amber Enterprises India Ltd. said: “We are pleased to report the robust financial performance for Q3FY25. The Consumer Durable division reported strong growth of 67% YoY, led by the underlying RAC industry channel inventory filling in anticipation of a positive summer season, and aided by deepening of the customer relationships.

The Electronic division continues to be on transformative growth momentum with revenue growth of 96% YoY in Q3FY25. The growth levers are in place for further rapid scale-up with the addition of business applications on the PCB Assembly front, and on the Bare board front, the Ascent facility expansion coupled with JV with Korea Circuit for HDI, Flex and Semiconductor substrates PCB will pave the way for 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 securities market are subject to market risks, read all the related documents carefully before investing.

Airline Stocks in Focus After Release of Passenger Traffic Data: Indigo Maintained Dominance

During 2024, the Indian aviation industry recorded growth in passenger traffic carried by domestic airlines in India, which reached 1,613.31 lakhs as compared to 1,520.32 lakhs in the same period of the previous year, reflecting an annual growth of 6.12% and a monthly growth of 8.19%.

Indigo Maintained Market Dominance

IndiGo maintained its dominance in the Indian aviation sector, capturing a 64.4% market share in December 2024, up from 63.6% in November. This further strengthens IndiGo’s position as the leader in domestic air travel. For the full calendar year (CY) 2024, IndiGo continued to dominate the market with a share of 61.9%. On January 24, 2025, Indigo shares opened at ₹4,145.35 and touched the day high of ₹4,272.00 at 10:05 AM, reflecting a gain of 1.79% against the previous close.

SpiceJet Recorded Slight Growth

SpiceJet also made a modest gain, with its market share increasing to 3.3% in December, up from 3.1% in November. This slight but positive shift suggests potential stabilization for the airline. , SpiceJet held a market share of 3.7% for the CY2024. On January 24, 2025, SpiceJet shares opened at ₹49.03 and touched the day high of ₹49.48 at 10:05 AM, reflecting a gain of 0.45% against the previous close.

Akasa Air Posted Dip in Market Share

The data highlights strong performance across major Indian carriers, with most airlines experiencing growth in market share. Air India saw a significant increase, rising to 26.4% in December from 24.4% in November.

Akasa Air was the only major carrier to experience a minor dip, with its market share decreasing slightly from 4.7% in November to 4.6% in December.

 

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

V2 Retail Share Price Hit Upper Circuit of 5% After Release of Q3FY25 Earnings

On January 24, 025, V2 Retail shares hit an upper circuit of 5% at ₹1,839.75 at 09:40 AM on BSE. The gain in V2 Retail shares follows the release of results for the quarter and nine months ended December 31, 2024. V2 Retail operates 160 stores across 18 states and over 130 cities recorded significant growth across business metrics during the reported period

V2 Retail Q3 FY25 Performance

During Q3FY25, V2 Retail recorded revenue from operations of ₹590.9 crores, marking a YoY growth of 58%. The company’s gross margin stood at 32.1%, up from 31.4% in Q3 FY24. EBITDA for the quarter was ₹111.5 crores, compared to ₹60.9 crores in the same period last year, reflecting an impressive 83% growth on a YoY basis. The EBITDA margin also improved to 18.9% in Q3 FY25, from 16.3% in Q3 FY24. The company achieved a record profit after tax (PAT) of ₹51.2 crores in Q3 FY25, compared to ₹23.6 crores in Q3 FY24, a remarkable 117% increase.

V2 Retail 9M FY25 Highlights 

During 9MFY25, V2 Retail achieved revenue from operations of ₹1,386 crores, a 60% growth on a YoY basis. The gross margin for the period stood at 29.8%, slightly down from 30.3% in 9M FY24. EBITDA for the nine months was ₹200 crores, up from ₹116.4 crores in the same period last year, reflecting a growth of 72%. The EBITDA margin improved to 14.4% in 9M FY25, compared to 13.4% in 9M FY24. The company also reported a record PAT of ₹65.6 crores for 9M FY25, compared to ₹24 crores in the previous year, a growth of 172%.

V2 Retail Key Business Updates

As of December 31, 2024, V2 Retail operated 160 stores, covering a retail area of approximately 17.22 lakh square feet. In the first nine months of FY25, the company opened 45 new stores and closed 2. The company also recorded an industry-leading same-store sales growth (SSSG) of 31% during 9M FY25, despite a higher base and subdued consumer sentiment. Furthermore, the company experienced robust volume growth of 43% during the period, with MRP sales contributing 91% to total sales in 9M FY25, up from 85% in 9M FY24.

Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director said: “We’re thrilled to report a stellar overall performance for the first nine months of the financial year. The Company has been able to deliver industry-leading performance despite a higher base and overall subdued consumer sentiment. We believe, the outperformance is a testament to the success of our strategic initiatives, which have driven excellence in innovative product development; enhanced store experiences; and exceptional customer satisfaction. At V2 Retail, the strategic initiatives undertaken so far and those under implementation have the potential to further improve our overall performance positively. “

 

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

IEX Share Price in Focus: Revenue Rose ~14%, PAT Up ~17% During Q3FY25

On January 24, 2025, IEX share price rose ~2%, reaching a day high of ₹172.60 at 09:20 AM after opening at ₹172.60. The gain in IEX share price follows the release of its financial results for the quarter ended December 31, 2024. IEX, or Indian Energy Exchange Limited, reported strong growth across key business metrics.

IEX Q3FY25 Performance

The company also a 31% increase in renewable energy certificates, which reached 26.52 lakh in Q3FY25, up from 20.24 lakh in the same quarter last year. Consolidated revenue grew by 13.7%, reaching ₹160.5 crore, while standalone profit after tax (PAT) rose by 15.5%, totalling ₹103.1 crore. Consolidated PAT for the quarter increased by 16.9%, reaching ₹107.3 crore. Over the first nine months of FY25, consolidated PAT surged by 22.8%, reaching ₹312.1 crore, compared to ₹254.1 crore during the same period in FY24.

During Q3FY25, IEX achieved a significant 15.9% YoY increase in electricity traded volume, reaching 30.5 BUs. The exchange also traded 26.52 lakh Renewable Energy Certificates (RECs), marking a 31% YoY increase. In addition, the Central Electricity Regulatory Commission (CERC) issued draft procedures for the trading of Carbon Credit Certificates for both obligated and non-obligated entities through power exchanges, which is expected to lead to the inclusion of Carbon Credit Certificate trading on IEX in the near future.

IEX Business Updates

Electricity Demand and Fuel Availability

In Q3FY25, India’s electricity demand reached 393 BUs, marking a 3% increase year-on-year (YoY). For 9M FY25, the country’s total electricity demand stood at 1,279 BUs, reflecting a 5% growth compared to the same period in FY24. On the fuel front, coal availability has remained ample throughout the fiscal year. Coal is being sold at a nominal premium of 10% to 20% under the Shakti B8 auction, and current coal inventory levels are sufficient to cover approximately 19 days of demand.

Liquidity and Pricing in the Power Market

The adequate availability of fuel in Q3FY25 contributed to higher liquidity on the exchange platform. The sell quantum in the day-ahead market increased by 62% YoY, resulting in a softening of prices. The average price in the Day Ahead Market for Q3FY25 was ₹3.71 per unit, a decrease of nearly 26% compared to the same period last year. This price reduction provided an opportunity for Distribution Companies (Discoms) and Commercial & Industrial consumers to meet their demand at more competitive rates, allowing them to replace higher-cost power with cheaper alternatives from the exchange.

Gas Market Performance

In the gas market, the Indian Gas Exchange (IGX) recorded a substantial 93% YoY growth in traded volume, reaching 162 lakh MMBtu for Q3FY25, compared to 84 lakh MMBtu in Q3FY24. The profit after tax (PAT) for IGX in Q3FY25 was ₹8.3 crore, a 13% YoY increase from ₹7.4 crore in Q3FY24. For the nine months ending December FY25, IGX’s PAT was ₹22 crore, marking an 18% increase over the same period in the previous fiscal 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 securities market are subject to market risks, read all the related documents carefully before investing.

Adani Green Shares Rose Over 4%: Revenue Surged 18% During Q3FY25

On January 24, 2025, Adani Green shares rose over 4% and touched the day high of ₹1,065.45 at 09:20 AM after opening at ₹1,039.45. The gain in Adani Green shares follows the release of financial results for Q3 FY25 and the nine-month (9MFY25). During this period, Adani Green continues to demonstrate its operational excellence and remarkable growth trajectory, driven by significant capacity additions and robust performance across its renewable energy assets.

Adani Green Q3FY25 Financial Highlights 

For Q3FY25, AGEL achieved substantial growth across key financial metrics:

  • Energy Sales: A notable 23% year-on-year (YoY) increase, reaching 20,108 million units.
  • Revenue: Up by 18% YoY, amounting to ₹6,829 crore.
  • EBITDA Margin: AGEL achieved an industry-leading EBITDA margin of 92.0%.
  • Cash Profit: Increased by 23% YoY to ₹3,630 crores.

These results are mainly backed by the consistent growth of its greenfield capacity additions, totalling 3.1 GW, and its commitment to delivering reliable and sustainable energy.

Capacity Addition & Operational Performance:

During Q3 FY25 and 9MFY25, AGEL made impressive strides in its capacity expansion and operational performance, marking a significant leap toward its long-term renewable energy goals.

  • Operational Capacity: AGEL expanded its total operational capacity by 37% YoY, reaching 11,609 MW by the end of 9M FY25. This expansion was driven by key greenfield projects, including:
    • 2,113 MW of solar capacity and 312 MW of wind capacity in Khavda, Gujarat.
    • 580 MW of solar capacity in Rajasthan.
    • 126 MW of wind capacity in Gujarat.
  • Energy Sales: The company’s energy sales surged by 23% YoY, propelled by the addition of new capacity and the consistent performance of its operational plants. This increase reflects AGEL’s successful execution of its capacity ramp-up strategy.

Adani Green Energy Outlook

Adani Green’s future growth is anchored in its commitment to scaling up its renewable energy capacity, and it remains on track to achieve significant milestones in the upcoming years.

  • Khavda Project – The World’s Largest Renewable Energy Plant: AGEL is developing the world’s largest renewable energy plant at Khavda, Gujarat, with a total planned capacity of 30 GW. The project spans 538 sq km—almost 5 times the size of Paris—and is expected to set a global benchmark for large-scale renewable energy development.
  • Rapid Execution and Workforce Expansion: The company has a dedicated workforce of over 12,000 on-site at Khavda, working tirelessly to meet ambitious timelines. Four phases of transmission tendering have already been completed, with the 5th phase currently underway, ensuring smooth execution and alignment with capacity development goals.
  • Achieving 30 GW by 2029: With the Khavda project well underway, AGEL is confident in its ability to achieve 30 GW of renewable energy capacity at the site by 2029, setting a global standard for the speed and scale of renewable energy plant execution.

Conclusion

AGEL’s strong performance in Q3 FY25 and 9M FY25 underscores its leadership in the renewable energy sector, driven by strategic investments, operational excellence, and a relentless focus on capacity 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 securities market are subject to market risks, read all the related documents carefully before investing.

Oberoi Realty Shares to Trade Ex-Date on January 24: Interim Dividend of ₹2

On January 24, 2025, Oberoi Realty shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹2 interim dividend. On January 20, 2025, the company declared an interim dividend of ₹2 for the FY25.

Oberoi Realty Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Nov 04, 2024 Interim 2.00
Aug 01, 2024 Interim 2.00
June 24, 2024 Final 2.00

Oberoi Realty Management Take on Q3FY25 Result

Commenting on the Q3FY25 results, Mr Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, “Indian economy has continued to grow across sectors, with the luxury real estate market being one of the key beneficiaries. At Oberoi Realty, we are delighted to announce another healthy quarter, driven by the tremendous response to our first phase launch at Oberoi Garden City, Thane. The demand for premium and bespoke residences continues to be robust, and our luxury homes are setting new benchmarks in design and quality. With a strong portfolio of upcoming projects, and strategic land acquisitions, we stand well-positioned to meet the rising demand and foster long-term profitable growth.”.

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