In contrast to the same period last year (Q2FY24), Bajaj Auto's Q2FY25 financial results demonstrate consistent increase across key measures. Here is a brief summary of the figures:
Q2FY25: ₹2,005 crore
Q2FY24: ₹1,836 crore
Estimates: ₹2,228 crore
Despite falling short of the estimated ₹2,228 crore, Bajaj Auto’s net profit rose by 9.2% compared to last year.
Q2FY25: ₹13,127 crore
Q2FY24: ₹10,777 crore
Estimates: ₹13,270 crore
Bajaj Auto achieved a significant 21.8% growth in revenue compared to Q2FY24, though it came slightly below the estimated ₹13,270 crore.
Q2FY25: ₹2,652 crore
Q2FY24: ₹2,133 crore
Estimates: ₹2,704 crore
EBITDA grew by 24.3% year-over-year but was marginally lower than the forecast of ₹2,704 crore.
Q2FY25: 20.2%
Q2FY24: 19.8%
Estimates: 20.4%
The EBITDA margin has shown improvement, increasing to 20.2%, close to the market estimate of 20.4%.
Overall, Bajaj Auto's financial performance in Q2FY25 demonstrates consistent growth in revenue, profitability, and margins compared to the previous year. However, it fell slightly short of analysts' estimates in all categories. This update reflects a robust performance for the company despite minor shortfalls in hitting projected targets.
Source: CNBC
One of the fastest expanding diversified companies with a wide range of products and services is Adani Enterprises, the parent firm of the Gautam Adani Group. The firm acts as an incubator, launching new enterprises in the transportation and logistics, as well as the energy and utility sectors.
Through Adani New Industries Limited, Adani Enterprises is driving the decarbonization of industries and transportation (ANIL). The management of airports, roadways, data centers, and water infrastructure are other next-generation Adani Enterprises strategic business initiatives with a lot of potential for value unlocking.
On Monday, Adani Enterprises struck a 10% lower circuit. For the third day in a row, the stock declined. The stock has fallen more than 15% overall in the last week. Shares of Adani Enterprises have fallen by more than 23% from their 52-week high of 3,883.70 per share, which was recorded on September 20.
On Monday Adani Enterprises ended the day at 3,157.15 on the BSE, down by 293.85 or 8.51%. The market value of the firm is around 3,59,915.45 crore.
The Access-Controlled Six Lane (Expandable to Eight Lane) Greenfield Ganga Expressway Project (Group-II, III, and IV) in the State of Uttar Pradesh under the PPP method was financially completed, the company's wholly-owned subsidiaries stated last week. the business further raised $100 million by issuing market-linked debentures
Higher interest rates are a straightforward solution. Inflation has begun to increase following years of loose money policies and low-interest rates. The US Fed has started a plan of gradual rate hikes. In turn, this may deflate the price of growth stocks. The impact on the businesses in the Adani group is already apparent. Growth stocks are companies that are now making large investments in order to gain rewards later. These businesses may or may not be successful right now, but they aspire to do so in the future. So growth stock value declines when interest rates rise.
For this reason, an environment of rising interest rates like the current one is more detrimental to growth stocks like Adani. Value equities are prioritized above growth stocks in such a situation. Of course, there may be further explanations for the decline in Adani stock prices.
For the first quarter that concluded on June 30, 2022, Adani Enterprises Limited released its financial performance.
Adani Enterprises, the parent company of the Adani Group, has announced the foundation of two new subsidiaries: Alwar Alluvial Resources (AARL) and Adani Disruptive Ventures (ADVL), both of which would be wholly-owned subsidiaries.
Jeet Adani, the son of Gautam Adani, the company's founder, and the vice president of group finance for the Adani Group, are the founders of ADVL. Their objective is to work with companies and entrepreneurs that want to develop solutions using disruptive technology and support them as they grow up their businesses.
Alwar Alluvial Resources, the other recent addition to the company, has an initial authorized and paid-up share capital of Rs 10 lakh per share.
AARL will handle the manufacture of pigments, TiO2 slag, and other incidental operations linked to these, as well as the fabrication and processing of minerals. In due course, the corporation will start conducting business.
दिवाली का त्यौहार करीब आने के साथ ही कीमती धातुओं की मांग बढ़ने लगी है और इनकी कीमतों में चमक लौट आई है। भारतीय सराफा बाज़ारो में सोने की मांग बढ़ने के बीच, सोने की आपूर्ति करने वाले बैंको द्वारा बेहतर प्रीमियम होने के चलते अधिकतर शिपमेंट चीन और टर्की को भेजे जा रहे है जिससे कीमती धातुओं के भाव बढ़ने लगे है। यह सोने के लिए दुनिया के दूसरे सबसे बड़े बाजार भारत में कमी पैदा कर सकता है, और भारतीय खरीदारों को चरम-मांग वाले सीजन में अधिक प्रीमियम का भुगतान करने के लिए बाध्य कर सकता है। अमेरिकी डॉलर इंडेक्स में लगातार दूसरे सप्ताह सुधार रहने से भी कीमती धातुओं को सपोर्ट रहा है। अमेरिकी फेड द्वारा लगातार कि जा रही ब्याज दर में वृद्धि के बीच, पिछले सप्ताह बेरोज़गारी के दावे और मैन्युफैक्चरिंग के आंकड़े कमजोर रहे है जिससे आर्थिक मंदी का डर बढ़ने लगा है। ग्लोबल सेंट्रल बैंक द्वारा लगातार ब्याज दरों में वृद्धि को लेकर वर्ल्ड बैंक ने आर्थिक मंदी आने के संकेत दिए है, जिससे कीमती धातुओं में निवेश की मांग भी बढ़ने लगी है। ग्लोबल इन्फ्लेशन में बड़ा हिस्सा रखने वाले कच्चे तेल के उत्पादन में ओपेक देशो द्वारा 2 लाख बैरल प्रति दिन की कटौती करने के कारण भाव पिछले सप्ताह 800 रूपए प्रति बैरल तक तेज़ हुए है जिससे कीमती धातुओं के भाव को सपोर्ट मिला है।
इस सप्ताह सराफा बाज़ारो में कीमती धातुओं की मांग रहने के चलते भाव में तेज़ी बनी रहने की सम्भावना है। दिसम्बर वायदा सोने की कीमतों में 51300 रुपये पर सपोर्ट है और 53000 रुपये पर प्रतिरोध है। दिसंबर वायदा चांदी में 60000 रुपये पर सपोर्ट और 63000 रुपये पर प्रतिरोध है।
नवरात्री शुरू होने के साथ कीमती धातुओं की कीमते चमकने लगी है और एमसीएक्स में सोना पिछले सप्ताह 600 रुपये प्रति दस ग्राम तेज़ हुआ और कीमते 50300 रुपये पर रही। चांदी के भाव भी 800 रुपये प्रति किलो तेज़ हो कर 57000 रुपये के स्तरों पर पहुंच गए। अमेरिकी डॉलर में कमी आने से सोने की कीमतों में तेजी आई, लेकिन लगातार छठे महीने कीमतों में गिरावट दर्ज की गई है क्योंकि बढ़ती ब्याज दरों ने कीमती धातुओं के लिए दृष्टिकोण को गंभीर रूप से प्रभावित किया है। ग्लोबल सेंट्रल बैंक द्वारा ब्याज दरों पर आक्रामक रुख रखने के चलते कॉमेक्स वायदा में सोना सितम्बर माह में 3 प्रतिशत टुटा है जबकि रूपया डॉलर की तुलना में कमजोर रहने के काऱण घरेलु बाजार में यह 1 प्रतिशत गिरा है। अमेरिकी डॉलर इंडेक्स में उछाल, जो इस महीने की शुरुआत में 20 साल के उच्च स्तर पर पहुंच गया, ने भी सोने पर दबाव डाला है। लेकिन, पिछले सप्ताह में डॉलर 20 साल की उचाई से 1.2 प्रतिशत टूट गया जिससे कीमती धातुओं में तेज़ रही। फिर भी, कीमती धातुए, उच्च अमेरिकी ट्रेजरी यील्ड से दबाव में रही। अमेरिकी बेंचमार्क ट्रेज़री यील्ड 12 साल के उच्च स्तर के करीब पहुंच चुकी है। बढ़ती यील्ड ने इस साल गैर-उपजाऊ कीमती धातुओं को रखने की अवसर लागत में वृद्धि की है। पिछले सप्ताह यूरोज़ोन में मुद्रास्फीति 9.1 प्रतिशत से बढ़कर 10 प्रतिशत हो गई है, जिससे मुद्रास्फीति को नियंत्रित करने के लिए यूरोपियन यूनियन में भी आक्रामक ब्याज दरे बढ़ने की सम्भवना है।
इस सप्ताह कीमती धातुए सीमित दायरे में रहने की सम्भावना है। अक्टूबर वायदा सोने की कीमतों में 49700 रुपये पर सपोर्ट है और 50700 रुपये पर प्रतिरोध है। दिसंबर वायदा चांदी में 55000 रुपये पर सपोर्ट और 59000 रुपये पर प्रतिरोध है।
The decline in the Indian rupee this year has been attributed to the higher crude oil prices, the tightening policy of the US Federal Reserve, and the overall strength of the US dollar. Added to this the global uncertainty due to the geopolitical crisis caused by the war between Russia and Ukraine caused the weakening of the dollar.
The US Federal Reserve (Fed) raised interest rates by 75 basis points at its last meeting and said it would raise interest rates further by 75 basis points in November and 50 basis points in December.
Stocks plunged, Asian currencies fell, and markets went risk-off following the US Federal Reserve's announcement on Sept. 21.
Yields on dollar-denominated investments rose relative to emerging markets such as India. There is speculation that a more aggressive rate hike by the US Federal Reserve could take place, which could put further pressure on India's currency.
The Indian Rupee's value against the US Dollar works based on supply and demand. As the demand for the US dollar increases, the Indian Rupee depreciates. When a country imports more than it exports, demand for the dollar exceeds supply, causing domestic currencies such as the Indian rupee for India to depreciate against the dollar.
Supply-demand imbalances and geopolitical tensions between Russia and Ukraine led to a sharp rise in oil prices in February 2022. India’s crude basket price fell 43.8% from April 2021 to February 2022.
Foreign institutional investors (FIIs) have also sold $28.4 billion worth of equities so far this year, surpassing the $11.8 billion sold during the global financial crisis in 2008, because of which more foreign capital outflow from the domestic market The rupee has fallen 5.9% against the dollar so far this year.
The outflow of money from India will affect the rupee-dollar exchange rate and depreciate the rupee. Such a weakening would put significant pressure on the already high import prices of oil and commodities, paving the way for import inflation and higher production costs, along with higher retail inflation.
The dollar index, which tracks currencies against a basket of major currencies, is up more than 9% this year, reaching its highest level in 20 years.
The market fell for the second week in a row as the depreciation of the rupee against the dollar put pressure on the domestic market to reverse two months of positive inflows. Rate hikes by the US Federal Reserve and tightening of monetary policy by central banks around the world signaled a selloff among investors. The market started the week subdued, led by weak global markets.
Weakness in global markets finally pulled the index down over the weekend. Nifty posted his second straight day of positive closings, and his benchmark index corrected for his second week in a row, with sessions just above 17300, down 1.16% from the previous week's close.
RBI is responsible for maintaining the stability of the rupee. Whenever the rupee falls significantly, the RBI sells dollars from the forex pool to enter the market. The central bank sold $19.05 billion in the spot market in July, according to RBI data.
Another reason the rupee may come under pressure is that RBI intervention may become less aggressive, analysts say. This could help the rupee catch up with other emerging economies and protect rapidly depleting foreign exchange reserves, experts said.
The September 28-30 RBI Monetary Policy Committee meeting will be closely watched by stakeholders as the market expects repo rates to rise by 50 basis points (bps). FX reserves, down 14% from their peak, also keep the market on edge.
It will be announced tomorrow, Friday, September 30, what the Reserve Bank of India's monetary policy committee has decided, and it is anticipated that the RBI may raise rates by 35 to 50 basis points to control inflation.Other central banks are now doing the same thing after the US Fed raised interest rates by another 75 basis points. To safeguard the rupee and keep inflation under control, the RBI appears prepared to raise rates in the upcoming MPC by 35 or more basis points.We anticipate a 50bp hike in the repo rate at the forthcoming meeting on September 30 and another 50bp increase at the meeting in December, bringing the repo rate to 6.4% by December 2022.Next, the RBI might prefer not to change its stance at this time if markets, particularly the FX market, are erratic before the September policy announcement. However, if the turbulence abates, they very well may change their position.
Given that the quarterly trajectory appears to be following the RBI's projections, we do not believe the RBI will alter its 6.7% inflation forecast for FY23 (HSBC: 6.9%). On the other hand, given the unfavorable surprise in June, it might lower the 7.2% growth prediction (HSBC: 6.8%).
Over the next five years, the Patanjali Group intends to IPO 4 of its group companies. These four firms are Patanjali Ayurveda, Patanjali Medicine, Patanjali Lifestyle, and Patanjali Wellness.
The objective of launching is to strive to reach a market capitalization of over Rs 500,000 crore. The second objective would be to compete with international rivals like Unilever and P&G with locally made goods.
Patanjali, was co-founded in 2006 by renowned yoga teacher Baba Ramdev. Acharya Balkrishna, his business partner, has an estimated net worth of $2.1 billion, Millions of people watch Baba Ramdev's TV yoga broadcasts, which are well-known. The firm has made an effort to oust consumer behemoths Hindustan Unilever, Colgate Palmolive (India), and Procter & Gamble Hygiene and Health Care from market dominance in the natural sector.
In 2019, Patanjali Ayurveda acquired Ruchi Soya through a resolution procedure for Rs 4,350 crore and rebranded the company as Patanjali Foods. Ruchi Soya raised Rs 4,300 crore through its follow-on public offer (FPO) to pay down its bank and long-term borrowings this business is already a stock market listed company.
The main activities of Ruchi Soya Industries Ltd. are the processing of oilseeds and the refinement of crude oil for consumption. Seed Extraction, Vanaspati, Oils, Food Products, Wind Power Generation, and Others are some of the company's operating segments. Under names including Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star, and Ruchi Sunlight, Ruchi Soya markets its goods. Nearly Rs 50,000 crores are its net worth.
Patanjali Ayurved, headed by Baba Ramdev, sold its food retail division to the group's Ruchi Soya Industries Ltd. last month for Rs. 690 crores. Following this, the promoters' stake was reduced to 80.82%, and the public ownership was at 19.18%. According to SEBI regulations, the business must reduce the founders' ownership in order to reach the required minimum public shareholding of 25%. Patanjali has about three years to reduce the promoters' share to 75%.
On Wednesday, the share of Patanjali Foods hit the upper circuit of 5%. The stock price has increased by 30% over the last month and by 40% over the last six months.
The IPO of Patanjali Ayurved may be the first IPO. As Patanjali Ayurved is an established firm and its product range, reach, customer base, profitability, and future projection, make it most favorable from the perspective of an IPO.
Patanjali Ayurveda sells Indian medicines including tablets to promote immunity, culinary ingredients, and personal care product.
The next in line would be Patanjali Medicine, which also owns Divya Pharmacy, followed by Patanjali Wellness, which manages hospital and outpatient clinic networks in India. The objective of launching this IPO is to operate 25,000 beds under Patanjali Wellness. It has around 50 such centers and has plans to make it to 100, including IPD and OPD, and then gradually expand on the franchise model.
The last would be Patanjali Lifestyle. Clothing, transportation, cattle feed, and several other newly emerging businesses are all part of Patanjali Lifestyle.
The current revenue for Patanjali is Rs. 40,000 crores.
From Rs 8,778.03 crore in FY21 to Rs 9,241.27 crore in FY22, the company's FMCG business revenue rose.
In FY22 compared to FY21, its Ayurveda business generated revenues of approximately Rs 1,273.92 crore.
From Rs 9,810 crore in FY21 to Rs 10,664 crore in FY22, the company's total revenue grew.
Compared to FY21, Patanjali's net profit was down to Rs 740.38 crore from Rs 745.03 crore.
By becoming the largest FMCG firm in the nation Patanjali will significantly contribute to making India a worldwide economic giant. They are putting up an action plan to get Patanjali Foods' networth to Rs 500,000 crore.
At the national level, they are developing a new indigenous and upright (Sattvik) Multi-Level Marketing model for Natural Nutraceuticals that will benefit the general public's health and prosperity and give accurate information about nutritious food alternatives.
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