Top Mutual Funds
Q1FY25 Quarterly Result Announced for Shree Digvijay Cement Company Ltd.
Cement & Cement products company Shree Digvijay Cement Company announced Q1FY25 results:
- Sales volume was 3.38 lakh ton, which remained flat YoY
- EBITDA per ton was Rs 703, which is lower by 280 per ton compared to the previous year
- Contribution of green power mix increased to 47%, showing an improvement of 12% YoY
Anil Singhvi, Executive Chairman of the Company said “The performance during the quarter was sub-par due to severe heat, general elections led to a very subdued demand. Prices remained low and continue to remain challenging. It is expected that with good monsoon and budget allocation for infrastructure capex etc. will revive the cement demand and better prices.
The work on the 1.5 million ton grinding unit is progressing well. We anticipate that it will be commissioned in the fourth quarter of the year.”
Result PDFQ1FY25 Quarterly Result Announced for City Union Bank Ltd.
City Union Bank announced Q1FY25 results:
- Net Interest Income: The Bank earned Net Interest Income of Rs 545 crore for Q1FY25 as against Rs 523 crore in Q1FY24.
- Non Interest Income: Non Interest Income of Rs 192 crore for Q1FY25 as against Rs 191 crore in Q1FY24.
- Operating Expenses: The operating expense is Rs 364 crore for Q1FY25 as compared to Rs 300 crore in Q1FY24
- Operating Profit: The Gross Profit was Rs 373 crore in Q1FY25 as against Rs 414 crore in the corresponding period last year.
- Provisions: The Bank made a provision of Rs 109 crore as of 30th June 2024 as against Rs 187 crore in the corresponding period last year.
- Net Profit: The PAT was Rs 264 crore in Q1FY25 as against at Rs 227 crore in Q1FY24.
- Deposits: Total Deposits of the Bank had increased by 6% for Q1FY25 to Rs 54,857 crore from Rs 51,655 crore in Q1FY24. CASA portion stood at 30% to total deposits. Cost of Deposits increased to 5.72% for the quarter ended 30th June 2024 from 5.36% in the same period last year. The increase is in line with policy rate hikes.
- Advances: Total Advances increased by 10% for Q1FY25 to Rs 46,548 crore from Rs 42,405 crore in Q1FY24. Credit Deposit ratio stood at 85%. The yield on Advances had increased to 9.59% in Q1FY25 from 9.53% in the corresponding period last year. The hike is due to
- transmission of policy rate hikes.
- Asset Quality: The Gross NPA as on 30th June 2024 stood at 3.88% as against 4.91% in the corresponding period last year. Net NPA for Q1FY25 is decreased to 1.87% from 2.51% for the same period. The Provision Coverage Ratio (including TW) as on 30.06.2024 stood at 73% and PCR without TW is at 53%.
- Net Interest Margin: Net Interest Margin is at 3.54% for Q1FY25.
- Return on Assets: Return on assets for Q1FY25 is at 1.51%.
- Return on Equity: Return on Equity was at 12.45% in for the quarter ended 30th June 2024.
- Cost to Income Ratio (CIR): Cost to Income Ratio stood at 49.34% in Q1FY25 vs 41.98% in Q1FY24.
- Capital Adequacy:The Bank’s capital adequacy as on 30th June 2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.58 % and Tier-1 capital adequacy was 22.55%, well above regulatory requirements.
Q1FY25 Quarterly Result Announced for KFIN Technologies Ltd.
Financial Services company KFIN Technologies announced Q1FY25 results:
Financial Highlights:
- Revenue from operations stood at Rs 2,375.6 million, up 30.9% YoY
- International and other investor solutions revenue up by 56.6% YoY; VAS revenue up by 49.6% YoY
- EBITDA stood at Rs 996.6 million, up 41.5% YoY, EBITDA margin at 42.0%
- PAT at Rs 680.7 million, up 56.9% YoY, PAT margin at 28.7%
- Diluted EPS stood at Rs 3.94, up 57.2% YoY
- Cash and cash equivalents at Rs 4,519.3 million as on June 30, 2024
Operations Highlights:
- Overall AAUM growth at 41.3% YoY vs. 36.9% for the industry, market share at 32.3%
- Equity AAUM growth at 51.5% YoY vs. 55.9% for the industry, market share at 33.4%
- Won a data lake deal from one of the largest AMCs; Won contracts from two AMC clients and AMFI for development of digital assets; Won a mutual fund data services contract from a fintech platform
- Added 248 new corporate clients and 12.2 million investor folios under issuer solutions; Market share in NSE500 companies at 46.4%; New RTA mandates won during the quarter include ITC Hotels, Hyundai Motor India, Bajaj Housing Finance, BharatPe, Pinelabs, Niva Bupa Health Insurance, Honda Motorcycle and Scooter India
- Number of international clients increased to 60
- Won a fund administration contract from an AMC in Malaysia; Onboarded three new clients in GIFT city including a maiden fund administration contract from a life insurance company
- No of alternate funds at 489
- Market share at 36.2%; AAUM grew 57.5% YoY to Rs 1.2 trillion ;
- Won 17 new AIF funds including from IKIGAI, EAAA, Invesco, Barings, ASK, Kotak and Northern Arc; Won contracts for wealth analytics data lake and development of digital assets from one of the largest private wealth managers in India
- NPS subscriber base grew to 1.26 million, up 26.9% YoY vs. 12.0% YoY growth for the industry; Market share in overall subscribers’ base at 8.4% as on June 30, 2024, up from 7.4% as on June 30, 2023
Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies said, “We are pleased to report a strong start to fiscal year 2025. Throughout the quarter, we achieved significant milestones across our diverse business segments, marked by substantial new client wins, growth, and enhanced profitability. Notably, we gained significant traction in new contract sign ups in the fast-growing business lines of global fund services (international), alternatives and wealth solutions, fund administration solutions, and technology solutions. Our deep domain expertise, combined with tailored product solutions and proactive sales strategies, consistently bolster our market position in India while accelerating our growth in international markets. We stay committed in our pursuit to establish KFintech as a leading global fund administrator. Our strong operational execution, ongoing investment in cutting-edge solutions, and proactive client engagement initiatives underscore our commitment to this goal."
Q1FY25 Quarterly Result Announced for Intellect Design Arena Ltd.
IT Software products company Intellect Design Arena announced Q1FY25 results:
- Revenue:
- Total revenue stood at Rs 605 crore as against Rs 556 crore in Q1FY24
- Platform, License and AMC Revenue:
- Platform revenue is Rs 66 crore as against Rs 52 crore in Q1FY24
- License revenue is Rs 125 crore as against Rs 112 crore in Q1FY24
- AMC revenue is Rs 121 crore as against Rs 106 crore in Q1FY24
- License linked revenue (License Platform AMC) is Rs 312 crore as against Rs 271 crore in Q1FY24
- EBITDA and PBT
- EBITDA is Rs 121 crore as against Rs 140 crore in Q1FY24
- Profit Before Tax is Rs 98 crore as against Rs 112 crore in Q1FY24
- Collections
- Collections for Q1FY25 are Rs 556 crore
- Deal Wins and Digital Transformations
- eMACH.ai accelerates growth with 11 new customers choosing Intellect for their digital transformation journey and 12 global financial institutions have transformed their digital journey (Go-Live) on Intellect platforms
Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “In February last year, we launched eMACH.ai, world’s first enterprise-grade technology for financial services industry. Over the last 16 months, we have witnessed significant momentum with multiple wins across the globe. This year, we are focusing on expanding our distribution agenda by creating an ecosystem of global partners, both in System Integration and Consulting space. We are having excellent traction with several leading global organisations towards creating Win-Win alliances.”
Q1FY25 Quarterly Result Announced for Sanofi India Ltd.
Pharmaceuticals company Sanofi India announced Q1FY25 results:
- Flagship diabetes brands Lantus and Toujeo reported a double-digit growth in secondary sales, surpassing the represented market performance. The recently announced partnerships for CNS (Central Nervous System) and the CV (Cardiovascular) brands have established their foundation for acceleration.
- The reported net sales of Rs 429 crore are not comparable for the quarter ended 30th June 2024 due to supply constraints and divestments in Q2 2023. The supply constraints are expected to be recovered in the second half of 2024.
- Operating expenses reduced by 9% as a result of continued focus on driving operating efficiencies.
- The profit before tax of Rs 68 crore for Q2 2024 was impacted by exceptional items related to the restructuring costs of Rs 19 crore.
Rodolfo Hrosz Managing Director, Sanofi India Limited, said: “In a quarter of significant transformation for the company, we have successfully brought to market Soliqua - our best-in-class diabetes drug for the premix segment, which has received encouraging initial acceptance. We will continue to focus on driving further improvement in operating efficiencies while expanding the availability of established and innovative products in India.”
