The Company achieved pre-sales of INR 26.4 billion in Q1 FY26 versus INR 31.2 billion in Q1 FY25. Average sales realization improved significantly to INR 16,296 per sq. ft. from INR 12,457 per sq. ft. in FY25, driven by the launch of the premium residential project ‘Cloverdale SPR’ on Southern Peripheral Road, Gurugram. Collections for the quarter stood at INR 9.3 billion compared to INR 12.1 billion in Q1 FY25. Net debt remained stable at INR 8.9 billion.

In terms of profitability ratios, the Company reported an adjusted gross profit margin of 27% in Q1 FY26 against 28% in Q1 FY25, while adjusted EBITDA margin stood at 12% compared to 13% in the previous year.

In line with its long-term growth strategy, Signature Global acquired 9.96 acres of land in its key micro-market of Sohna during Q1 FY26. The land parcel offers a development potential of approximately 0.53 million sq. ft.

Commenting on the company’s performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said, “Building on the strong momentum of FY25, we delivered a robust performance in the first quarter of FY26, with our operational revenue doubling year-on-year. This growth reflects our continued focus on customer satisfaction and the timely delivery of quality homes. Our consistent financial and operational progress has further strengthened stakeholder confidence. The successful launch of our premium project Cloverdale SPR in Sector 71, located on Southern Peripheral Road, contributed meaningfully to this quarter’s performance. With several new project launches planned in the coming quarters, we are well-positioned to sustain this growth trajectory and further strengthen our market presence.”

The post Signature Global’s Q1 FY26 Financial Highlights appeared first on NRI News.

• Revenue from Operations: ₹2,074 crores, up 19% YoY
• EBITDA: ₹318 crores, up 15.5% YoY
• PAT: ₹260 crores, up 15.5% YoY

Q4 FY25 Snapshot

• Revenue: ₹756 crores, up 15% YoY
• EBITDA: ₹111 crores, up 1.5% YoY
• PAT: ₹91 crores, up 3% YoY

MUMBAI: Ajax Engineering Limited, India’s leading concreting equipment manufacturer, announced its audited financial results for the fourth quarter and financial year ended March 31, 2025.

FY25 Financial Highlights (All numbers are in Indian rupees in Crores except margins)

Quarterly Financial Highlights (All numbers are in Indian rupees in Crores except margins)

Shubhabrata Saha, Managing Director & CEO, Ajax Engineering Limited, said, “FY25 has been a year of resilience and strategic progress. Despite external challenges, including the regulatory shift from CEV-4 to CEV-5 emission norms and slower infrastructure execution, we delivered robust growth, crossed the ₹2,000 crore revenue milestone, and maintained profitability. Our leadership in the Self-Loading Concrete Mixer (SLCM) segment remains strong, with a 75% market share, while our non-SLCM and Spares businesses continue to gain momentum.

Our strategic investments, such as a dedicated B2B channel for non-SLCM sales and leadership enhancement initiatives, are laying the foundation for the next phase of growth. We’re also excited about the upcoming launch of our Adinarayanahosahalli plant in H2 FY26, which will add further capacity and product flexibility.”

Tuhin Basu, Chief Financial Officer, Ajax Engineering Limited added, “We have delivered a healthy performance in Q4 and FY25 with revenue growth across several key business areas – our SLCM and non-SLCM segments grew at 18% YoY; the Spare Parts and Service revenue rose 33% YoY and revenue from exports increased 29% YoY. Our EBITDA has grown by 15% YoY.

We remain committed to balancing growth with financial prudence. Our strong cash position and lean working capital ensure we are well-positioned to invest in capacity, innovation, and expansion. Despite margin pressures this year due to capability building, we expect profitability to normalize as our investments start delivering results.”

Strategic Updates

• Launched CEV-5 compliant models ahead of time: Ajax ramped up CEV-4 inventory ahead of the June 2025 deadline and simultaneously launched CEV-5 compliant models.  CEV-5 machines contributed ~1/3rd of Q4 sales.
• Product Innovation: Ajax remains the only Indian company to have developed an in-house Slip-Form Paver and commercial 3D Concrete Printer.
• Dealer Network: Expanded to 51 domestic dealers and 26 international distributors across 48 countries.
• New Facility Launch: The upcoming Adinarayanahosahalli plant is on track for commissioning by Q2 FY26, with commercial production starting in H2 FY26
• B2B Channel Expansion: The company is scaling its non-SLCM portfolio through a new B2B go-to-market strategy aimed at institutional buyers.

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At the AGM, Paytm’s Founder and CEO, Vijay Shekhar Sharma, highlighted Paytm’s significant role in India’s digital payments revolution, particularly through its pioneering innovations like the QR code and Soundbox. “Our commitment has always been to create a world-class product for Indian businesses and small merchants, setting a global benchmark. Today our business has become a globally replicable template,” he said.

Being a leader in fintech and with a commitment to building for India, Sharma said that the team is ready to replicate the same success in Artificial Intelligence. “Our team is already utilizing AI across all areas—technology, product, business, and operations.

Paytm is focused on expanding its merchant base, currently serving around 40 million merchants, to reach 100 million across the country. Madhur Deora, President and Group CFO, underscored Paytm’s mission to bring half a billion Indians into the mainstream economy. He further highlighted the company’s strong financial position, noting a robust balance sheet with a cash balance of Rs 8,500 Crore.

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MUMBAI: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated unaudited financial results for the quarter ended 30^th June 2024. The company continued its profit momentum and reported a net profit of Rs. 7.5 Cr in Q1 FY 25 as against a loss of Rs. 51.2 Cr in Q1 FY 24. Its consolidated revenue grew by 10.9% to Rs. 2,539.4 Cr as against Rs. 2,288.9 Cr in Q1 FY 24.

The summary of the financial performance of the two operating segments viz., Integrated Supply Chain Solutions (“ISCS”) segment and Network Solutions (“NS”) segment are provided along with the summary of the consolidated financial performance.

Integrated Supply Chain Solutions (“ISCS”) Segment:

ISCS segment posted a quarterly revenue of Rs. 1,425.9 Cr as against Rs. 1,318.9 Cr in the same quarter the previous year, continuing its growth trajectory with an 8.1% growth YoY. This growth was driven by a combination of new customer additions, encirclement (additional wallet share with existing customers), and continued diversification of the customer base.

Network Solutions (“NS”) Segment:

NS segment reported quarterly revenue of Rs. 1,113.5 Cr, as against Rs. 970.0 Cr in the same quarter the previous year marking a 14.8% growth on a Y-o-Y basis. The growth was driven by a volume surge in the ocean freight business.

Summary of consolidated financial performance:

For Q1 FY 25, on a consolidated basis, the revenue stood at Rs. 2,539.4 Cr as against Rs. 2,288.9 Cr. in the same quarter last year reflecting 10.9% growth on a Y-o-Y basis. Continued growth momentum in the ISCS segment and improved macroeconomic situation in the NS segment helped achieve this topline growth.

Commenting on the Q1 FY25 performance, Ravi Viswanathan, Managing Director, said, “We had a strong first quarter, driven by topline growth in both our ISCS and NS segments. The ISCS segment continues to lead our performance supported by significant volume improvements in the NS segment. Our customers recognize our supply chain transformation capabilities, tech-led solutions, and the ability to deploy AI-driven solutions resulting in our participation in more large deals.”

He further added, “We see a significant growth opportunity in India following the recent budget announcement, which has provided a strong impetus for the manufacturing sector. This development is expected to open up more outsourcing opportunities for supply chain players like TVS SCS.”

Commenting on the Q1 results, Ravi Prakash Bhagavathula, Global CFO, said, “Investments in process automation and productivity initiatives have driven improvement in operating margins. This combined with effective debt management has led to PBT improvements for the last four quarters. Our robust order pipeline combined with our focus on operational efficiencies give us the confidence to sustain this growth momentum in the upcoming quarters.”

During the quarter, the company made significant strides by securing key new business wins, including partnerships with global OEMs in the commercial vehicle sector in both India and Singapore. Among the notable achievements, the company received ‘Partner Level Supplier’ recognition from a U.S.-based global farm equipment manufacturer. Additionally, a strategic collaboration with a leading UK-based university was established to drive innovation in artificial intelligence. The company also demonstrated its operational prowess by successfully delivering 500,000 Completely Knocked Down (CKD) kits to a major Indian two-wheeler manufacturer.

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PUNE: L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded an all-time high PAT of Rs. 686 Crore, up 29% YoY for the first quarter ended June 30, 2024.

The Company has recorded quarterly retail disbursement of Rs. 14,839 Crore for the first quarter ended June 30, 2024, up 33% YoY. The retail book size reached Rs. 84,444 Crore during the quarter, implying a growth of 31% YoY.

Furthermore, the Company’s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, has crossed more than 1 Crore downloads as of date, comprising more than 12 lakh downloads from rural areas.

Commenting on the financial results, Sudipta Roy, Managing Director & CEO, of L&T Finance Ltd. said, “It is with great pleasure that I announce our results for the first quarter ended June 30, 2024. The results you see for the quarter reflect the success of our 5-pillar strategy. The focus is on enhancing customer acquisition through the creation of a robust funnel and contiguous products, sharpening credit underwriting through the deployment of our proprietary digital credit engine, ‘Project Cyclops’, building a futuristic digital architecture to drive innovation, increasing brand visibility through an amplified share of voice, and capability building through the recruitment and upskilling of tech talent, which is resulting in robust performance.

In our ongoing efforts to revolutionize the lending space, LTF has been prioritizing customer-centricity and harnessing cutting-edge technology. A significant milestone in this journey was the deployment of ‘Project Cyclops’ during the first quarter ended June 30, 2024, which enables an in-depth assessment of a customer’s ability to service the loan availed by them. The innovative digital solution has been successfully rolled out in beta across 25 locations through a network of 200 selected dealers, offering two-wheeler loans.

Furthermore, from establishing a distinctive sonic brand identity to launching our ‘The Complete Home Loan’ campaign, LTF is steadfast in its business growth journey. I am confident that the focus on customer-centricity, innovation, and technology will continue to propel us forward as we strive for excellence in the lending space.”

Healthy retail disbursements & book:

• Rural Business Finance for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 5,773 Crore vs. Rs. 4,511 Crore, up 28% YoY
  • Book size at Rs. 25,887 Crore vs. Rs. 19,743 Crore, up 31% (YoY)
  • Growth aided by the deepening of the customer acquisition funnel, both horizontally through expansion into newer locations and vertically through increasing the number of customers across existing locations
• Farmer Finance for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 1,903 Crore vs. Rs. 1,757 Crore, up 8% YoY
  • Book size at Rs. 14,204 Crore vs. Rs. 13,125 Crore, up 8% (YoY)
  • Growth aided by steady disbursement while the industry growth remained flat
• Two-wheeler Finance for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 2,621 Crore vs. Rs. 1,726 Crore, up 52% YoY
  • Book size at Rs. 12,025 Crore vs. Rs. 9,190 Crore, up 31% (YoY)
  • Growth aided by the activation of new dealership points during the quarter, as well as continued focus on prime disbursements. Additionally, LTF achieved 100% YoY growth in Electric Vehicle (EV) financing and received a strong reception for its offering under the Superbike segment
• Personal Loans for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 1,178 Crore vs. Rs. 1,162 Crore, up 1% YoY
  • Book size at Rs. 6,667 Crore vs. Rs. 5,995 Crore, up 11% (YoY)
  • Growth aided by associations with newer Direct Selling Agent (DSA) channels across various locations
• Housing Loans and Loans Against Property for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 2,245 Crore vs. Rs. 1,299 Crore, up 73% YoY
  • Book size at Rs. 19,961 Crore vs. Rs. 14,075 Crore, up 42% (YoY)
  • Growth aided by collaborative launches with prime developers across top locations. Additionally, the launch of LTF’s ‘The Complete Home Loan’ offering across 11 locations drove higher lead generation, thus contributing to improved performance
• SME Finance for the first quarter ended June 30 for the financial year 2024-25 (Q1FY25):
  • Q1FY25 disbursements at Rs. 978 Crore vs. Rs. 607 Crore, up 61% YoY
  • Book size at Rs. 4,471 Crore vs. Rs. 1,779 Crore, up 151% (YoY)
  • Growth aided by a focus on building additional channels to diversify the existing sourcing funnel

The post L&T Finance Ltd. Records An All-Time High Profit After Tax (PAT) Of Rs. 686 Crore (Consol.) Up 29% Year-on-Year (YoY) For The First Quarter That Ended June 30, 2024 appeared first on NRI News.

Performance Highlights

INR in Cr.

FY 2023 – 2024

• Total Revenue for FY 2023-24 increased by 22% from Rs. 463 Cr to Rs. 566 Cr in FY FY 2022-23.
• Revenue from operations increased by 15% to INR 520 Cr in FY 24 as against INR 453 Cr in FY23
• EBITDA grew by 29% to INR 222 Cr in FY24 as against INR 172 Cr in FY23
• PBT for FY24 grew by 47% to INR 242 Cr as against INR 165 Cr in FY23
• Profit after Tax for FY24 was Rs. 182 Cr as against Rs. 124 Cr in FY 23, marking 47% growth.
• PAT margin for FY 2024 was 35% against 27% in FY 2023

Q4 FY 2024 in comparison to Q3

• Total Revenue for Q4 FY 2023-24 increased by 29% from Rs. 151 Cr to Rs. 195 Cr as compared to Q3.
• Revenue from operations increased by 31% to INR 182 Cr in Q4 FY 24 as against INR 140 Cr in Q3 of FY24
• EBITDA grew by 55% to INR 93 Cr in Q4 FY24 as against INR 60 Cr in Q3 FY24
• PBT for Q4 FY24 grew by 45% to INR 95 Cr as against INR 66 Cr in Q3 FY24
• Profit after Tax for Q4 FY24 was Rs. 71 Cr as against Rs. 51 Cr in Q3 FY24, an increase of 40%.

The Board has recommended a final dividend of Rs. 6.50 per share (325% per equity share of Rs. 2 each), which is subject to approval by the shareholders in the ensuing AGM

ORDER BOOK

• The company has secured more than Rs. 670 Cr of orders during FY 2023-24.
• Order book as of March 31, 2024                                          – Rs. 1,083.01 Cr
• Orders received during Q1 FY 2024-25 so far                        – Rs.        6.29 Cr
• Negotiation completed & yet to receive order                      – Rs.      14.80 Cr
• Including orders negotiated and converted into orders, the order book will be INR 1096 Cr
• Order book as of April 01, 2023, was Rs. 924 Cr

From the CMD’s Desk

Commenting on the company’s performance, Srinivasagopalan Rangarajan, Chairman & Managing Director, of Data Patterns (India) Limited said, “I am pleased to report that we had a successful FY 2023-24. Our EBITDA increased by 29% and PAT increased by 47% in FY 2023-24, marking significant growth compared to last year. Order inflows have aligned with our guidance, with deliveries scheduled for next quarter. Going forward, we remain committed to excellence and innovation in product development, leveraging opportunities in the Indian defense sector.”

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MUMBAI: JSW Infrastructure Limited (the “Company”), a part of the JSW Group and India’s second-largest private commercial port operator, today announced its results for the fourth quarter and year ended 31^st March 2024.

Q4 FY2024 – Key Highlights

• Cargo Handled Volumes of 29.3 Million Tonnes, up 9% YoY 
• Revenue increased by 23% YoY to ₹1,200 Crore
• EBITDA of ₹685 Crore an increase of 29% YoY and an EBITDA margin of 57.1%
• Profit Before Tax (PBT) of ₹417 Crore up 41% YoY
• PAT of ₹329 Crore up 9% YoY

FY2024 – Key Highlights

• Cargo Handled Volumes of 106 Million Tonnes, up 15% YoY,
  • Third-party share increased to 40% from 33% last year   
• Revenue increased by 20% YoY to ₹4,032 Crore
• EBITDA of ₹2,234 Crore an increase of 24% YoY and an EBITDA margin of 55.4%
• Profit Before Tax (PBT) of ₹1465 Crore up 81% YoY
• PAT of ₹1,161 Crore up 55% YoY
• The Board has recommended a dividend of ₹0.55/share
• Strong Balance Sheet
  • Net Debt/EBITDA of 0.03x
  • Cash and Bank balance of ₹4,316 Crore

FY2024 – A Year of Delivering Promises

• Successful equity listing in October 2023
• Acquisition of 465,000 Cubic Meter Liquid Storage Terminal at Fujairah, UAE
• Acquired majority Stake in PNP port
• Concession agreement signed with Karnataka Maritime Board for development of a 30 mtpa greenfield port at Keni, Karnataka
• Emerged as a winner bid for a 7 mtpa dry bulk terminal in Tuticorin through PPP mode
• Signed a concession agreement with Jawaharlal Nehru Port Authority for the two liquid berths of 4.5 mtpa
• Jaigarh Port, the flagship port of the company recognized with a five-star rating by the British Safety Council

Growth Strategy

The company has embarked on a growth plan to enhance its cargo handling capacity by 2.4 times, to 400 mtpa by FY 2030 or earlier from the existing 170mtpa. This represents a compounded annual growth rate (CAGR) of 15%. The company is actively pursuing and exploring various project development opportunities, leading to a robust project pipeline. Moreover, privatization bids of terminals/berths in the major ports and the inorganic opportunities in the areas of port and port-related infrastructure are the additional levers to accelerate the growth.

The company has a strong balance sheet and is well-positioned to pursue organic and inorganic growth without compromising on its leverage ratios.

Consolidated Financial Performance Review

Q4 FY2024

During the quarter, the company handled cargo volumes of 29.3 million tonnes which is higher by 9% over the last year. The increase in the volume is primarily on the back of increased capacity utilization at the Paradip Coal Terminal and Mangalore Coal Terminal. Newly acquired assets (PNP and Liquid Terminal, UAE) also contributed to the growth. The third-party volume grew by 35% year-on-year and the share of third-party in the overall volumes stood at 46% vs 37% a year ago.

The higher volume translated to 23% growth in the total revenue which stood at ₹1,200 Crore. Increased revenue translated to EBITDA of ₹685 Crore (+29% yoy) with a strong margin of 57%.

 PBT and PAT stood at ₹417 Crore and ₹329 Crore respectively, reflecting a growth of 41% and 9% year-on-year.

FY2024

During the year, the company handled cargo volumes of 106 million tonnes which is higher by 15% over the last year. The increase in the volume is primarily on the back of increased capacity utilization at the Iron ore and Coal terminals of Paradip and Mangalore Coal Terminal. Also, volumes at the Mangalore Container terminal grew by 18%. The third-party volume grew by 36% year-on-year and the share of third parties in the overall volumes stood at 40% vs 33% a year ago.

The higher volume translated to 20% growth in the total revenue which stood at ₹4,032 Crore. Increased revenue, the benefit of operating leverage, and cost control meant EBITDA of ₹2,234 Crore (+24% YoY) with a strong margin of 55.4%. As a result, PBT grew at 81% to ₹1,465 Crore, while PAT stood at ₹1,161 Crore representing a 55% year-on-year growth.

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During the quarter ending December 31, 2023, the company achieved revenue from operations of Rs. 817.26 crores, a growth of 4.63% compared to last year. The PAT for the quarter was Rs. 80.74 crores, a growth of 28.86% compared to the same period last year. During the nine-month period ended December 31, 2023, the company achieved revenue from operations of Rs. 2,431.28 crores, a growth of 10.16% compared to the same period last year. The PAT for the nine-month period was Rs. 222.66 crores, a growth of 30.88% compared to last year.

The company maintained strong momentum during the quarter, with a good uptick in volume majorly driven by growth in Agri and PCMO rebounding strongly. EBITDA exhibited consistent sequential growth, hitting the century again touching Rs 111.06 crore mark during the quarter. EBITDA Margin marked a sequential improvement of 107 bps reaching 13.59%, tracking the higher end of the guided band of 12-14%. Across all business segments, Infra and B2B recorded impressive double-digit volume growth. OEM workshop business showed good growth driven by many targeted initiatives. In contrast, the OEM factory fill business saw a slowdown tracking lower sales of new vehicles by a few key OEMs.

The company declared an interim dividend of Rs. 16.00 per equity share, 800% on the Face Value of Rs. 2 per Share.

Commenting on the performance, Ravi Chawla, Managing Director & CEO, of Gulf Oil Lubricants India Ltd., said, “I am quite excited by the new milestones being achieved by the team with another remarkable performance delivered for December quarter and nine-month period, reinforcing our dedication to continuous growth and operational excellence. Our success spanned various categories, capitalizing on robust distribution and brand initiatives. Our key focus remains on strategic, sustainable, and profitable growth across our portfolio.“

Manish Gangwal, CFO, of Gulf Oil Lubricants India Ltd, commented, “Benefiting from a stable input cost environment and ongoing efforts to enhance our product mix across categories, our material margins have improved by over 5% on a YoY basis. This has translated into a highest-ever quarterly EBITDA of Rs. 111 crores, firmly positioning us at 13.59% EBITDA to Revenue. Consequently, our earnings have witnessed substantial growth, marking a 29% and 31% increase for the quarter and nine-month period, respectively, compared to last year. Drawing a lot of confidence from the performance, the Board has declared an Interim Dividend of Rs 16.00 per equity share, amounting to 800% on the Face Value of Rs. 2 per Share.“

The company has significantly stepped up digitization initiatives across functions in recent quarters, going live during December 2023 on Salesforce for the B2B segment and Data Lake for better analytics for B2C and Integrated Business Planning in Supply Chain. The company has also showcased its investments in EV charging through Tirex DC Chargers and ElectreeFi SaaS solutions, gaining attention.

The company maintains a positive outlook, anticipating market demand to keep growing in coming years due to strong GDP growth, significant infrastructural impetus, and increased vehicle penetration.

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