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Showing posts from 2024

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr

28 October 2024 OmniScience: Market Outlook for Samvat 2081

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital The Indian equity markets experienced a significant rally during Samvat 2080, with the Nifty rising approximately 25% by October 17, 2024. This growth was fueled by strong corporate earnings, improved GST collections, a revival in the Capex cycle, favorable monsoon conditions, and high domestic demand. Additionally, liquidity inflows from mutual funds and positive global cues contributed to market resilience. Globally, U.S. indices also posted gains of 27% to 35% during this period, reflecting a synchronized rally.  Key Growth Drivers:  Th key growth drivers for the Indian equity markets include consistent corporate earnings growth, which has bolstered investor confidence, and a revival in capital expenditure, particularly in infrastructure, enhancing growth prospects. High GST collections reflect strong consumption patterns and economic expansion, while a favorable monsoon has supported agricultural product

Ajay Thakur Launches Vision to Victory: Unleashing India’s SME Platform

  Over 1,000 industry experts, business leaders, and influencers gathered at the esteemed Sahara Star, Vile Parle, Mumbai, to celebrate the highly anticipated launch of Vision to Victory: Unleashing India's SME Platform, authored by renowned financial expert Ajay Thakur. This event held on 23rd October brought together luminaries from the financial and SME sectors, who lauded the book as a visionary blueprint for India’s economic growth through the empowerment of small and medium enterprises (SMEs).   Ajay Thakur wrote Vision to Victory to inspire and empower India’s small and medium enterprises (SMEs), drawing on his extensive experience, including establishing the BSE SME platform. Recognizing SMEs as vital to India’s economic growth and job creation, he aims to provide entrepreneurs with practical tools to unlock their potential and thrive in competitive markets. By sharing success stories and actionable strategies, Thakur seeks to highlight the transformative impact of equity f

Ice Make Refrigeration aims ₹1,000 Crore Revenue with Expanded Capacity and Global Strategy

 Ice Make Refrigeration Ltd. (NSE: ICEMAKE), a leading Indian manufacturer of refrigeration equipment, held its 15th Annual General Meeting (AGM) on September 28, 2024. The AGM emphasized Ice Make’s ambitious growth plans, backed by strong financial performance and strategic expansion efforts.  Chairman and Managing Director, Mr. Chandrakant Patel, laid out the company's vision for future growth, focusing on innovation, geographical expansion, and sustainability. Mr. Patel highlighted several strategic initiatives that will fuel the company’s expansion, including exploring technology partnerships in the commercial freezer segment and expanding its geographical reach in northern India. These efforts aim to improve market penetration, reduce logistics costs, and tap into the growing demand for energy-efficient refrigeration solutions.  The company’s current order book stands at ₹138 crore, positioning it for continued growth in FY2025, with a projected annual growth rate of 25-30%. I