Tag financial result

Commenting on the performance for Q1 FY25, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said,

“In a rapidly evolving real estate industry, we have been persistent in delighting customers with product offerings that enrich their lifestyle resulting in pre-sales of Rs. 711 crore and volumes of 0.96 million square feet for the quarter. Strong execution and timely deliveries resulted in our highest-ever quarterly collections of Rs. 612 crore, marking a 19% year-on-year growth. Sustaining the sales momentum, our flagship Life Republic project in Pune recorded sales volumes of 0.46 million square feet in Q1 FY25.

For the year till date we have launched projects with saleable area of close to 2 million square feet translating into top-line potential of about Rs. 1,500 crore across customer segments. I am glad to share that all the projects are receiving encouraging response from the market. The launches schedule is largely on track and we hope to be able to launch projects with top-line potential of Rs. 8,000 crore during the current financial year.

The underlying structural demand drivers remain strong, as customers continue to favour developers and projects that offer reliability, credibility, and a proven track record. The focus on housing, infrastructure development, and

urban planning is expected to provide sustained support to the housing sector. With a growing project development pipeline, under-borrowed Balance Sheet, a validated governance structure, and a strong brand connect associated with trust, we believe that Kolte-Patil is attractively placed to deliver sustainable growth across the coming years.”

New Delhi, August 8, 2024: Gokaldas Exports Limited  declared its financial results for the quarter ended June 30, 2024. The Company reported a consolidated revenue of ₹ 939.7 Crore for the quarter compared to ₹ 522.2 Crore in the same quarter last year and a consolidated profit after tax of ₹ 27.2 Crore compared to ₹ 32.6 Crore in the previous year Q1 FY24.

 Key Highlights:

Reported Consolidated Financial Performance:

Commenting on the company’s first quarter, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, “We were able to sustain the revenue growth momentum during the quarter but missed on profitability front. The company witnessed several headwinds starting from a disruption of our production in a majority of our factories in April and May leading to delays in shipment incurring extra costs in overtime and airfreight, huge ramp up of employees in anticipation of volume growth in the second half of the year, slower ramp up of our new units, and continuing airfreight costs at Atraco. Some of these impacts will be offset in the quarters ahead.

We are making good progress towards integrating the operations of our newly acquired entities to secure better operating leverage. Our strategic investment in BTPL, a fabrics processing unit, allows us to derive utmost benefit through vertical integration into critical raw materials, adding an edge in terms of speed, quality, and cost”.

The Company raised equity capital of ₹ 600 Crore through Qualified Institutional Placement (QIP) in April 2024. After the acquisition of two companies through a combination of debt and equity, along with the fund raise, the Company has a net cash of ₹ 58 Crore as of June 30, 2024. The Company has robust operations spanning multiple geographies leveraging trained people, a diversified and strong customer base supporting growth opportunities and preferential access to raw materials through investments in the vertical value chain. This will support the Company to target significant growth in the future.

Sundaram Finance logs disbursements of Rs. 6,908 crores, 7% over Q1FY24; AUM grows 23% to Rs. 45,671 crores

Net profit for Q1FY25 up by 9% at Rs. 308 crores

Profits from Operations up by 22% in Q1FY25

Continued improvement in asset quality with Gross Stage 3 assets at 1.56% (1.90% as of June 30, 2023) and Net Stage 3 assets at 0.84% (1.00% as of June 30, 2023)

ROA at 2.38% for Q1FY25 (2.68% for Q1FY24)

Capital Adequacy Ratio at 19.3% (21.4% for Q1FY24)

The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2024, at its meeting held on Aug 05, 2024, in Chennai.

“Team Sundaram has delivered a strong Q1FY25 despite lower-than-expected economic activity in the quarter. Assets under management grew by 23% to a new high of Rs. 45,671 crores, net stage 3 assets closed at 0.84% and profit after tax recorded a 9% growth to Rs. 308 crores over the prior year period. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.

Disbursements for Q1FY25 recorded a growth of 7% over Q1FY24. Net interest income rose 20% in Q1FY25 as compared to Q1FY24. Gross stage 3 assets improved substantially over the previous year. Gross stage 3 assets as on June 30, 2024, stood at 1.56% with provision cover of 47% as against 1.90% as on June 30, 2023, with provision cover of 48%. The profit from operations is up by 22% in Q1FY25. Profit after tax at Rs. 308 crores registered an increase of 9% in Q1FY25 as against Rs. 281 crores in Q1FY24. The dividend income was lower during Q1FY25 at Rs. 18 Cr as against Rs. 51 Cr in Q1FY24. Return on assets at 2.38% as against 2.68% for Q1FY24 and capital adequacy at 19.3% remains quite comfortable to support planned growth.

“As we expected, economic activity in Q1 was disrupted by the general elections as well as a particularly hot summer. We delivered a well-balanced GQP performance in a tough operating environment. Looking ahead, we expect seamless continuity in the policy agenda of the government at the centre and that economic activity will pick up through the rest of the year. Team Sundaram will continue to remain sharply focused on delivering the Sundaram experience to our customers, our people and all stakeholders,” said Rajiv Lochan, Managing Director.

STANDALONE PERFORMANCE HIGHLIGHTS FOR Q1FY25

· Disbursements for Q1FY25 recorded a growth of 7% to Rs. 6,908 crores as compared to Rs. 6,489 crores registered in Q1FY24.

· The assets under management grew by 23% to Rs. 45,671 crores as on 30th June 2024 as against Rs.37,255 crores as on 30th June 2023.

· Net interest income rose 20% in Q1FY25 as compared to Q1FY24. Profit from operations increased by 22% in Q1FY25 as compared to Q1FY24.

· Gross stage 3 as on 30th June 2024 stood at 1.56% with 47% provision cover as against 1.90% with provision cover of 48% as on 30th June 2023. Net stage 3 as on 30th June 2024 closed at 0.84% as against 1.00% as on 30th June 2023.

· The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.21% and 1.41% respectively as against 2.96% and 2.00% as of 30th June 2023.

· Cost to income ratio closed at 32.90% in Q1FY25 as against 35.18% in Q1FY24.

· Profit after tax registered a 9% rise in Q1FY25, with net profit at Rs. 308 crores. The company had registered a net profit of Rs. 281 crores in Q1FY24.

· Return on assets (ROA) for Q1FY25 closed at 2.38% as against 2.68% for Q1FY24. Return on equity (ROE) was at 13.6% for Q1FY25 as against 14.3% for Q1FY24.

· Capital Adequacy Ratio stood at 19.3% (Tier I –16.2%) as of 30th June 2024 compared to 21.4% (Tier I – 17.0%) as of 30th June 2023.

CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR Q1FY25

The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.

· The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 69,234 crores as on 30th June 2024 as against Rs. 57,150 crores as on 30th June 2023, a growth of 21%. The assets under management of our asset management business stood at Rs. 80,565 crores as on 30th June 2024 as against Rs. 59,862 crores as on 30th June 2023, a growth of 35%.

· Profit after tax for Q1FY25 grew by 16% to Rs. 435 crores as compared to Rs. 375 crores in Q1FY24.

GROUP COMPANY PERFORMANCE HIGHLIGHTS

Our group companies continued to perform well.

· The asset management business closed the quarter ended 30th June 2024 with assets under management of Rs. 80,565 crores (over 85% in equity) and consolidated profits from the asset management businesses was at Rs. 29 crores as against Rs. 24 crores in Q1FY24.

· Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 1,114 crores as compared to Rs. 908 crores in the corresponding period of the previous year, representing a growth of 23%. The Company reported a profit after tax of Rs. 65 crores for Q1FY25 as against a profit of Rs. 95 crores in Q1FY24.

· Sundaram Home Finance continued to grow strongly with disbursements up by 24% to Rs.1,353 crores in Q1FY25. The profit for Q1FY25 was Rs. 66 crores, up by 16% as against Rs.57 crores in Q1FY24.

Gurugram, India, 5th Feb 2024: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the 3rd quarter and Nine months ended 31st December 2023. The Company’s total revenue for the quarter recorded a growth of 2.2% over the corresponding quarter last year while the profit recorded a growth of 0.3% during this period.

Standalone

Performance Highlights: Q3 FY2024 vs. Q3 FY2023

Revenue from operations of Rs. 8,999 Mn, growth of 2.2% y-o-y

EBITDA of Rs. 1,386 Mn compared to Rs. 1,376 Mn in FY2023

EBITDA Margin of 15.40% compared to 15.62% in FY2023

PAT of Rs. 956 Mn compared to Rs. 953 Mn in FY2023 and grew by 0.3%

PAT Margin of 10.62% compared to 10.82% in FY2023

Consolidated

Performance Highlights: Q3 FY2024 vs. Q3 FY2023

Revenue from operations of Rs. 10,020 Mn, growth of 3.7% y-o-y

EBITDA of Rs. 1,276 Mn compared to Rs. 1,316 Mn in FY2023

EBITDA Margin of 12.73% compared to 13.61% in FY2023

PAT of Rs. 802 Mn compared to Rs. 865 Mn in FY2023

PAT Margin of 8.00% compared to 8.95% in FY2023

Commenting on the results, Mr. Vineet Agarwal, Managing Director, said, “The Company has demonstrated a stable performance in the current quarter and nine months ended December 2023, given challenges in the macro environment. Our supply chain solutions, rail multi-modal and cold supply chain solutions witnessed traction.

We strive to remain the preferred logistics partner for our customers across the Indian sub-continent by prioritizing investments in warehousing, multimodal infrastructure & cutting-edge technology.

As we look ahead, TCI remains poised to seize new opportunities that contribute towards shaping a more efficient and competitive logistics ecosystem for the country.”