• 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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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.

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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