ScoutQuest @scoutquest

#ESTER | 🤝 Joint Venture | Ester Industries Limited has partnered with Loop Industries Inc. to form a new Joint Venture Company in India. The venture will focus on producing DMT and/or MEG by depolymerising PET and/or Polyester waste using Loop's patented technology. Each…

#VSSL | 📌 Vardhman Special Steels Limited plans to invest around Rs. 33 crore to expand its Steel Melting Shop, adding 25000 TPA of Billet Production by March 31, 2026. The project will be financed through internal accruals, aiming to meet future demand and improve environmental…

#HEROMOTOCO | 📌 Hero MotoCorp had a strong start to FY'25 with over 5.33 lakh unit sales in April 2024, a 34.7% growth over last year. The 125cc and 400+cc segments are in high demand, with positive response to the flagship product, the Mavrick 440. The company also opened a…

#SIS | 👔 SIS Limited's board approved audited financial results for the quarter and financial year ended March 31, 2024. The company achieved a milestone revenue and EBITDA of INR 12,261.4 cr. and INR 584.5 cr. respectively, boosted by the robust performance of the Security…

#SONACOMS | 🔮 ScoutQuest Crystal Ball Future business outlook based on management commentary Outlook: Management is confident in sustaining the growth trajectory in FY25 and beyond. They plan to increase R&D spending by over 100 basis points in FY25 and are focused on expanding…

☎️ Con-call Highlights - #SonaBLW Precision Forgings Ltd ## Sona Comstar Q4 FY24 Earnings Call: Key Takeaways **Financial Performance:** - **Record Quarter:** Achieved highest-ever quarterly revenue, EBITDA, and net profit. - **BEV Growth:** Battery Electric Vehicle (BEV)…

☎️ Con-call Highlights - #IndusTowers Ltd ## Indus Towers Q4 FY24 Earnings Call: Key Takeaways **Financial Performance:** * **Robust Revenue Growth:** Consolidated revenues for Q4 FY24 reached Rs. 7,193 crores, marking a 6.5% year-on-year increase driven by a 7.7% rise in…

☎️ Con-call Highlights - #IndiamartIntermesh Ltd ## Key Takeaways from IndiaMART InterMESH Ltd. Q4 FY24 Earnings Call & Presentation: **Financial Performance:** * **Consolidated Collections:** Grew by 16% YoY in Q4 and 21% YoY for the full year. * **Consolidated Revenue from…

#MANYAVAR | 🔮 ScoutQuest Crystal Ball Future business outlook based on management commentary Outlook: Management expressed optimism for FY25, anticipating a rebound in demand from Q2 onwards as the wedding season picks up, despite a weaker Q1 due to fewer wedding dates. They…

☎️ Con-call Highlights - #VedantFashions Ltd ## Vedant Fashions Limited (MANYAVAR) Q4 FY24 Earnings Call Highlights **Financial Performance:** * **Revenue Growth:** Q4 FY24 saw a 6.3% YoY revenue increase, with a full-year FY24 revenue increase of 0.9% compared to FY23. *…

#NETWEB | 📌 Netweb Technologies India Limited (formerly Netweb Technologies India Private Limited) reported its highest ever annual income and profits, with a 65% and 62% growth respectively for FY24. Q4 FY24 financial results also showed significant increases in total income,…

#GOKULAGRO | 📦 Order Received | GOKUL AGRO RESOURCES LIMITED has been approved for a 10.00 MW Solar Power Project at 66KV Gorad substation of GETCO in Gujarat. The estimated cost of the project is Rs. 50 Crore, and it is expected to be completed in the F.Y. 2024-25. Details:…

#VSTTILLERS | 📝 Business Update | VST Tillers Tractors Limited reported sales for April 2024: 983 power tillers and 208 tractors sold, totaling 1191 units. Details: sqst.in/C9Bmg ⚡ AI powered update by scoutquest.in Check-out scoutquest.in to…

#KPEL | 📌 KP Energy Limited has commissioned a 12.6MW ISTS connected Wind Power Project at Sidhpur site in Devbhoomi Dwarka, as part of the 250.8MW capacity awarded to Apraava Energy Private Limited. The net cumulative capacity commissioned at Sidhpur site now stands at 222.6MW.…

#JSL | 🛒 Jindal Stainless Limited has approved a collaboration agreement for a joint venture in Indonesia, investing in a stainless steel melt shop, downstream capacity expansion, and acquiring a 54% equity stake in Chromeni Steels Private Limited. The acquisitions aim to…

#FILATEX | 🛒 Filatex India Limited now owns all 2,000 equity shares of Texfil Private Limited, making it a wholly owned subsidiary as of May 1, 2024. The acquisition aligns with the Polyester Textiles Recycling Project, with shares purchased at face value of Rs. 10 each from the…

#KRRAIL | 🤝 MOU Signed | K&R Rail Engineering Limited partners with M/s. UNECO Co., Ltd. to establish a Composite Sleeper Plant in India. The project, estimated at Rs. 400 Crores, will be located near NMDC Steel Plant in Madhya Pradesh, serving Indian Railways, DFCC/METRO’s,…

#GEPIL | 📦 Order Received | GE Power India Limited secures purchase order from NTPC-SAIL Power Company Limited and NTPC Limited for turbine spares for Durgapur PP2 and inspection of steam turbine for NTPC Tanda Stage-II. The order is valued at INR 6 Cr plus GST 18% and INR 5.98…

#EICHERMOT | 📝 Business Update | Eicher Motors Limited reported a decline in sales volume for VE Commercial Vehicles Limited in April 2024. Total Eicher Trucks and Buses sales decreased by 17.9% compared to the same period last year. Domestic sales were down by 20.3%, while…

#TATAMOTORS | 📌 Tata Motors' April 2024 sales hit 77,521 units, marking a 12% rise from April 2023. Commercial vehicle sales surged by 31%, while passenger vehicle sales saw a 2% uptick. The press release provides a breakdown of domestic sales and specific vehicle category…