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DMART Q3 Sales UPDATE

REVENUE UP 17.5 % TO 15,565 CR (YOY), UP 10% (QOQ)

CO. OPENS 10 NEW STORES IN Q3 , TOTAL STORE ON 31 DEC AT 387 STORES


MACQUARIE ON AVENUE SUPERMARTS

Maintain Underperform with target price at Rs 5500

General merchandise/apparel sales recovery aided the 3Q sales print

Worry that competitive headwinds from quick commerce is weighing on growth momentum

Sales growth recovers closer to 1QFY25 levels

10-store additions are in-line with our estimates

Company guided for 3Q standalone sales of Rs 15570 Cr, with a total store count of 387

Typically, 3Q sees a sequential pickup in gross margin given better product mix


MOIL: The company achieved best-ever third quarter in terms of performance. It reported production of manganese ore of 4.6 lakh tonnes, while the sales rose 13% to 3.88 lakh tonnes.


Wockhardt: Indian drug regulator approved Wockhardt's new generation oral antibiotic Miqnaf for the treatment of community-acquired bacterial pneumonia.


MORGAN STANLEY ON AVENUE SUPERMART

Maintain Underweight, target price at Rs 3702

Weak growth trends continue

Standalone 3Q revenue of Rs 155.7bn was up 17.5% YoY, ~1% above expectations

Top-line growth was led by an average 12% increase in store count count

SSSG (implied) of ~5.5% vs. estimate of +4%

Five-year CAGR at 18.2% was lower than F2Q's 18.8% (SSSG)

Growth trend remains well below the historical 20% top-line growth algorithm for the business


Indian Railway Finance Corporation Limited (IRFC) has signed a Memorandum of Understanding (MoU) with REMCL to collaborate on financing Renewable Energy (RE) projects for Indian Railways. The partnership aims to minimize reliance on fossil fuels and achieve net-zero carbon emissions by 2030. This strategic step aligns with the government's vision for sustainable transportation solutions.


MORGAN STANLEY ON MUTHOOT FINANCE

Maintain Equal-Weight, target price 1825

Raise F25/26/27 EPS estimates by 1.6%/ 3.4%/3.8% as F24-27 AUM CAGR to ~20% from ~19% earlier

Raise our F25-27 NIM to average 11.6% from 11.5% earlier

Reduce cost of equity by 50 bps to 12.5%

Together with the earnings increase, this drives ~14% increase in SOTP scenario values and price target


ORIENT CEMENT The company received a GST demand of ₹6.46 crore, including interest and penalty, from the Additional Commissioner, Central Tax, Belagavi, for alleged wrongful Input Tax Credit on a railway siding setup.

The company plans to contest the order, citing strong merits.


OLA, SERVOTECH IN FOCUS

COMMERCE MINISTER PIYUSH GOYAL TO MEET EV PLAYERS ON JAN 3 || DISCUSSIONS TO INCREASE FOCUS ON EV CHARGING INFRASTRUCTURE


CUPID WINS RS 14.91 CR ORDER

Cupid received a purchase order from Medical Stores Department, Government of Tanzania for supply of Male Condoms worth INR 14.91 Crore (Approx.).

Order to be executed Between February to April, 2025


JTL Industries reported Q3 sales of 97,488 MT, including Nabha Steel volumes.

Its highest-ever nine-month sales (excluding Nabha) reached 263,805 MT, up from 259,933 MT in FY24.

Value-added products made up 21% of Q3FY25 sales, with the rest from commercial grade products.

Exports for the first nine months of FY25 totaled 25,417 MT, contributing 10% of total sales, compared to 12,542 MT (5%) in FY24.


BANK OF MAHARASHTRA Q3 Business

Total Business up 16.87% To 5.06 Lkh Cr (YoY), Up 2.81% (QoQ)

Deposits Up 13.54% To 2.79 Lkh Cr (YoY), Up 0.99% (QoQ)

CASA Deposits Up 11.50% To 1.37 Lkh Cr (YoY), Up 0.98% (QoQ)

Gross Advances Up 21.19% To 2.28 Lkh Cr (YoY), Up 5.13% (QoQ)

CASA At 49.28 % V 50.19 % YOY , 49.29 % Qoq

CD Ratio At 81.95 % V 76.78 % (YOY), 78.72 % QOQ


Two-Wheelers sales

Total: Up 8% (312,002 units in Dec 2024 vs. 290,064 in Dec 2023).

Domestic: Steady at 215,075 units (214,988 in Dec 2023).

Motorcycles: Down 2% (144,811 units in Dec 2024 vs. 148,049 in Dec 2023).

Scooters: Up 30% (133,919 units in Dec 2024 vs. 103,167 in Dec 2023).

Electric Vehicles sales Up 79% (20,171 units in Dec 2024 vs. 11,288 in Dec 2023).


ZEE ENTERPRISES Sources Says Sebi has not rolled back charges against Zee Ent, Punit Goenka, Subhash Chandra

Sebl AO order in Zoo matter is more procedural In nature as another Investigation is underway

Intention to drop showcause notice to subsume investigation into a single probe - ETNOW CITING SOURCES


Vishnu Prakash R Punglia Limited chosen as Lowest bidder by the office of Executive engineer, Ministry of Road Transport and Highways, Regional Officer, Jaipur .. Order worth Rs 43.3Cr


JP MORGAN ON PREMIER ENERGIES

Maintain Neutral, TP 1148
Facilities are ramping up output,
Driving strong revenue and returns momentum
Fifth-largest solar module manufacturer in India
Intends to build new 4+4 GW cell and module facilities by 2026, which should help drive scale further.


PETRONET LNG CLARIFICATION

1. Published paper itself mentions that as per the existing provisions of PNGRB Act 2006, Regulating LNG Terminals or its Tariff does not fall under the purview of PNGRB.

2.PLL’s Dahej terminal offers competitive and one of the lowest Regas Charges as compared to any other terminals in the Country. Such regas charges have been fixed on the basis of Agreements between Petronet LNG Limited and various users/capacity holders.

3. Further, LNG regas charges constitute merely around 5% to 6% of delivered gas price to the consumers. Also, the regas tariff in the country is market determined and there is no monopoly in regas terminal business.


GOA CARBON Co. says operations at the Company’s Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chhattisgarh), has resumed.

The Kiln has been lit up and the production has been normalized from today.


Eicher Motors Royal Enfield Dec sales

🏍️Total Royal Enfield Sales At 79,466 Units Vs CNBC-TV18 Poll Of 73,333 Units

🏍️Total Royal Enfield Sales Up 25 % At 79,466 Units Vs 63,387 Units (YoY)

🏍️Total Exports Up 90% At 11,575 Units Vs 6,096 Units (YoY)

🏍️Domestic Sales Up 19% At 67,891 Units Vs 57,291 Units (YoY)


SBI

Business pace slows down

Deposits at Rs105378cr, up 6.3%YOY & down 0.07%QOQ

CASA at Rs32831cr, up 4.1%YOY & down 2.24%QOQ

CASA ratio at 31.16% vs 31.8%YOY & vs 31.85%QOQ

Advances at Rs86965cr, up 11.94%YOY & 2.66%QOQ

CD ratio at 82.53% vs 78.35%YOY & vs 80.33%QOQ

20 ta oxirgi post ko‘rsatilgan.