Companies
Shifting to fifth gear? India's decade has to be SBI's decade, says new chairman CS Shetty
The State Bank of India (SBI) is enhancing its technology and digital footprint, adding 50,000 to 60,000 savings accounts daily. Chairman CS Setty anticipates steady credit growth and a strong corporate balance sheet. SBI is targeting growth in MSME and agriculture sectors, with aspirations to surpass Rs 1 lakh crore in profits.
Can Motilal Oswal be a double-engine compounding machine like Berkshire Hathaway? Raamdeo Agrawal answers
Motilal Oswal Group's Chairman, Raamdeo Agrawal, discusses the company's investment strategies as well as its efforts to emulate Warren Buffett's model. He shares insights on market timing, the importance of buy-and-hold strategies, portfolio concentration, and how Motilal Oswal is balancing its operational and treasury income to create a sustainable growth engine.
Expect innovation and 35% plus growth for new businesses: Puneet Chhatwal, India Hotels
Puneet Chhatwal, MD & CEO of IHCL, discusses the expected long-term growth in India's hospitality sector. He highlights the increasing demand for talent and business travel, and IHCL's strategy of launching and re-imagining properties. Chhatwal anticipates significant contributions to the economy, with double-digit growth fueled by innovative initiatives and strong market demand.
Raymond's ethnic wear expansion poised for big gains this wedding season: Amit Agarwal
So, we enjoy that kind of a market presence, market share in the wedding space, so that also is a good opportunity for us in order to play it stronger.
CV Venkataraman on Titan's strategy for luxury jewellery segment
This understanding has been developed over the last many years and we know where such people live in the country and so we go typically where they live and put up the stores in those cities, broadly in the localities where they live or convenient to where they live, so that is the broad approach.
Modernizing ships to maintain our position in international market: G Sivakumar, GE Shipping
So, the one thing I would say is, it is always dangerous to do in our business because so much of the capacity is open and subject to the vagaries of the spot market.
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Markets Videos
Dixon CFO on diversification, EMS market share & logic of iSmartU acquisition
Dixon Technologies finalized the acquisition of iSmartU, securing a majority stake. CFO Saurabh Gupta estimated iSmartU's annual revenue potential to range between Rs 7,000 crore and Rs 8,000 crore next financial year. Dixon focuses on expanding its mobile components and exploring opportunities in the industrial and automotive sectors, including the EV market.
IRCTC will maintain and grow EBITDA margin this year: Sanjay Kumar Jain
Sanjay Kumar Jain, Chairman & MD of IRCTC, reported on the company's performance. IRCTC operated 48 Vande Bharat trains out of 117 prepaid trains, significantly contributing to revenue. The e-catering and rail-based tourism packages saw exponential growth. Capacity for Rail Neer was increased by new plants. Profit margins saw a notable improvement, along with a significant profit growth.
There will be some cannibalisation of existing Thar with Roxx version: M&M
Rajesh Jejurikar, ED & CEO of Auto & Farm at M&M, announced the launch of the new Thar Roxx, a spacious and comfortable mainstream product. Despite potential cannibalisation with the current Thar, the company expects significant growth. The new Thar Roxx features a platform enhancing ride quality, similar to SUV 700, and is priced competitively.
Gautam Singhania sees great opportunity for Raymond and textiles industry in Bangladesh crisis
Gautam Singhania, Chairman & MD of Raymond, focused on the company's strategic developments, including capacity expansion and debt eradication through selling the FMCG business. He shared insights on the post-COVID recovery, business demergers, and growth in real estate and textile sectors, noting timely project completions and the potential benefits from Make in India and shifting global manufacturing preferences.
Gautam Singhania on how after realty, the engineering business could have a huge revenue potential
Raymond's Chairman Gautam Singhania discussed the company's decision to focus on menswear due to negative male feedback on entering women's wear. He highlighted a merger with Maini Engineering, bringing opportunities in titanium and aerospace sectors. Singhania also pointed out the potential in Mumbai's real estate market, emphasizing timely project deliveries.
Long-term, Nazara should continue to see healthier margins and faster growth: Nitish Mittersain
Nazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, particularly for Animal Jam, resulted in revenue growth but compressed margins. The company focuses on acquisitions like Kiddopia to fuel future growth and aims to achieve Rs 300 crore EBITDA by FY27.
Apollo 24/7 GMV to go up to Rs 1,000 cr per quarter over next 18 months: Suneeta Reddy
Apollo Hospitals' Suneeta Reddy forecasted a 5% price impact for next quarter, citing the recent muted performance from elections and a heatwave. Regional occupancy and margins varied, with Nashik serving as a referral center. Apollo 24/7 aims for Rs 1,000 crore quarterly in six quarters. AHLL is on an improving revenue trajectory despite new centers impacting margins.
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.
Game changer? LIC may enter indemnity health insurance by buying stand-alone private insurer, says CEO
Siddhartha Mohanty, CEO & MD of LIC, discussed the company's plans to enter the indemnity health insurance sector by potentially acquiring a stand-alone private health insurance firm. He emphasized LIC's digital transformation and its strategy to balance digital and agency channels. Mohanty also addressed insurance sector challenges, market investments, and LIC’s undervaluation in the stock market.
LIC wants to double AUM to Rs 100 lakh crore within 5 years; focus on top-line growth: Siddhartha Mohanty
LIC CEO Siddhartha Mohanty noted an increase in AUM to Rs 53.58 lakh crore, marking 16.2% growth. Operational efficiency improved, leading to a lower expense ratio. The company’s focus on non-par products has boosted margins. Mohanty aims to double AUM to Rs 100 lakh crore within five years, emphasizing sustainable growth.
