Gujchem Distillers Q2 YoY Net Profit Soars Over 299%

Key Takeaways from Gujchem Distillers India’s Financial Performance

• Gujchem Distillers India achieved a net profit of Rs 81.47 lakh for Q2 FY 2024-25, marking a remarkable year-on-year growth of 299.56% from Rs 20.39 lakh in Q2 FY 2023-24.
• The company reported revenue from operations of Rs 149.45 lakh for the quarter ended September 2024.
• The EBITDA for the quarter was Rs 10 lakh, a significant turnaround from a negative EBITDA of Rs 2 lakh in the same quarter last year.

The company reported revenue from operations of Rs 149.45 lakh in the second quarter financial year 2024-25.

The company’s EBITDA for the quarter ended September 30, 2024 stood at Rs 10 lakh compared to a negative EBITDA of Rs 2 lakh in the corresponding quarter of the previous year.

About Gujchem Distillers India Limited:

Incorporated in 1939, Gujchem Distillers India Limited is a chemical manufacturing company. Initially focused on producing and selling industrial alcohol, acetaldehyde, acetic acid, and various auxiliaries and chemicals, the company ceased its production operations in FY21. Since FY22, Gujchem Distillers has shifted its focus to trading activities.

Key Takeaways from Aurigene Oncology Phase 1 Study:

• Aurigene Oncology Limited, a subsidiary of Dr. Reddy’s Laboratories, announced positive Phase 1 results for Ribrecabtagene autoleucel (DRL-1801) on October 8, marking India's first trial of a CAR-T cell therapy for multiple myeloma.
• Ribrecabtagene autoleucel is an autologous CAR-T therapy that utilizes a humanized single-domain antibody as its binding domain, with trials conducted at Aurigene's GMP facility in Bangalore.
• Following the positive results, the Drugs Controller General of India (DCGI) has approved the commencement of the Phase 2 trial.
• The study included 8 heavily pre-treated patients, all of whom responded clinically, with 62.5% achieving a stringent complete response; no severe Cytokine Release Syndrome (CRS) or neurotoxicity cases were reported.

Ribrecabtagene autoleucel is an autologous CAR-T therapy that uses a humanized single-domain antibody as its binding domain. The clinical trials for DRL-1801 are being conducted at Aurigene's GMP manufacturing facility in Bangalore.

Following these results, the Drugs Controller General of India (DCGI) has approved the start of the Phase 2 portion of the trial. The results were recently presented at the International Myeloma Society’s annual meeting in Rio de Janeiro, Brazil.

The study involved 8 patients who had already undergone an average of 5.5 prior treatments. All patients showed clinical responses, with 62.5% achieving a stringent complete response. Importantly, there were no severe cases of Cytokine Release Syndrome (CRS) or neurotoxicity reported.

About Aurigene Oncology Limited:

Aurigene Oncology Limited is a subsidiary of Dr Reddy’s Laboratories that focuses on developing new and effective cancer treatments. Established in 2002, the company has worked on discovering 20 new chemical compounds for clinical use, collaborating with various global pharmaceutical and biotech firms, while also creating some independently. Aurigene has licensed out several projects and is currently developing 10 different treatments. Its clinical pipeline includes a first-of-its-kind oral drug targeting the CD47 immune checkpoint, a unique inhibitor for the fatty-acid binding protein FABP5, and a leading drug that inhibits acetyl transferases CBP and p300. Additionally, Aurigene has a strong preclinical pipeline with advanced projects targeting specific protein degraders.

Key Takeaways from the Partnership

• FlyArystan has extended its partnership with RateGain's AirGain to enhance its competitive pricing strategies and offer affordable fares.
• AirGain’s real-time pricing insights from over 300 airlines and 50+ OTAs will help FlyArystan remain competitive in Central Asia’s low-cost airline market.
• The collaboration focuses on improving FlyArystan’s dynamic pricing and promotional offers to meet evolving customer needs.

Through the integration of AirGain’s advanced analytics platform, FlyArystan will continue to access real-time pricing data from more than 300 airlines and over 50 online travel agencies (OTAs). With a data sufficiency rate of 98%, FlyArystan can sharpen its dynamic pricing strategies, ensuring affordable fares and a smooth booking experience across its expanding Central Asian network.

The renewed partnership highlights FlyArystan’s commitment to keeping pace with market trends and competitive pressures, leveraging AirGain’s analytics to optimise promotional offers and pricing. This move solidifies the airline’s position as a leader in the low-cost segment, driving both innovation and growth.

Yerkin Tursynbek, Manager of Revenue Management, FlyArystan, commented, "In the dynamic world of low-cost aviation, staying ahead of market trends is essential. By selecting AirGain, FlyArystan can better analyze trends and optimize pricing to meet the needs of budget-conscious travelers. Having worked with AirGain for over a year, we are confident that the platform will continue to support our business intelligence needs as we scale. This renewed contract builds on our successful collaboration, allowing us to drive greater efficiencies, refine our pricing strategies, and strengthen our competitive edge." 

Commenting on the partnership, Vinay Varma, Senior Vice President and General Manager at AirGain, added,“We are thrilled to extend our collaboration with FlyArystan, a valuable player in Central Asia’s aviation market. AirGain’s advanced pricing intelligence capabilities will continue to support FlyArystan in setting new standards for affordability and service quality in the region. Together, we look forward to driving growth and innovation in the airline industry.” 

About FlyArystan  

FlyArystan is Kazakhstan's leading low-cost airline, providing affordable and dependable air travel across Central Asia and beyond. Established in 2019 as a subsidiary of Air Astana, FlyArystan is dedicated to offering high-quality service at competitive prices, making air travel more accessible.

About RateGain Travel Technologies Limited 

RateGain Travel Technologies Limited is a global provider of AI-driven SaaS solutions for the travel and hospitality industries, serving over 3,200 customers and 700 partners in more than 100 countries. RateGain helps businesses accelerate revenue growth through customer acquisition, retention, and wallet share expansion. As one of the world's largest processors of electronic transactions, pricing data, and travel intent information, RateGain supports revenue management, distribution, and marketing teams across hotels, airlines, meta-search platforms, car rentals, cruises, and travel agencies. Founded in 2004 and headquartered in India, RateGain works with 26 of the top 30 hotel chains, 25 of the top 30 online travel agents, 3 of the top 4 airlines, and all major car rental companies, including 16 Global Fortune 500 firms, to unlock new revenue opportunities every day.

Key Takeaways from the Award Win

• Allied Digital has been awarded the Pune Safe City Project, valued at over ₹430 crores.
• The project is split into two tracks: maintenance of existing cameras and implementation of new infrastructure over 12 months, followed by five years of maintenance.
• Advanced technologies such as AI-enabled video analytics, ANPR, VDS, FRS, drones, and mobile surveillance vans will be integrated to enhance security.
• The Command-and-Control Centre at the Commissioner of Police office will be upgraded for 24/7 real-time monitoring, with additional viewing facilities at key locations.

Valued at over Rs 430 crores, the six-year contract, executed in collaboration with the Pune Police and the Government of Maharashtra's Home Department, involves the deployment of over 4,000 artificial intelligence (AI)-enabled cameras across more than 1,400 strategic locations throughout Pune. This project is expected to significantly elevate the city's surveillance capabilities.

The project is divided into two main tracks to ensure comprehensive surveillance. Track 1 involves the operation and maintenance (O&M) of existing cameras for six years, while Track 2 focuses on implementing new infrastructure over 12 months, followed by five years of O&M. Advanced technology will be integrated into the system, including AI-enabled video analytics, an automatic number plate recognition (ANPR) system, a vehicle overspeed detection system (VDS), a facial recognition system (FRS), drones, and mobile surveillance vans. 

These features will enhance security and monitoring capabilities. Additionally, the Command-and-Control Centre at the Commissioner of Police office will be upgraded with increased capacity and advanced software, improving efficiency and enabling 24/7 real-time monitoring. Further viewing facilities will be set up at various police stations and key government offices to ensure a seamless flow of information and oversight.

Commenting on the project, Mr Nitin D Shah, CMD– Allied Digital, said, "We are deeply honoured to have been awarded the Pune Safe City Project, a city where our journey in the Smart Cities space began a decade ago. This contract further solidifies Allied Digital's position as a pioneer and leader in delivering transformative solutions for Smart & Safe city management to 14+ cities. Our proven track record in Pune, including a remarkable 98‐99% uptime for cameras in external environments over the past 36 quarters, demonstrates our commitment to excellence and sets a new benchmark for similar government projects. With this project, we will deploy state-of-the-art mission-critical AI enabled security infrastructure systems, to enhance the safety and security of Pune. We are proud to continue our partnership with the Government of Maharashtra & the Pune Police, driving innovation and strengthening our leadership in the safe city ecosystem.”

About Allied Digital Services Limited

Allied Digital Services Limited, listed on BSE and NSE, is a global leader in information technology consulting and services since 1984. Headquartered in Mumbai, India, the company operates as a global managed service provider and Master Systems Integrator, delivering infrastructure solutions to clients in over 70 countries. Allied Digital’s service portfolio includes cloud enablement, cybersecurity, integrated solutions, infrastructure management, software services, and workplace services. As the first Indian company to execute a smart city project, the firm delivered the Pune City Surveillance project in 2015. With a global workforce of over 3,000 professionals, Allied Digital provides services to numerous Fortune 500 companies, backed by local support functions and robust governance frameworks.