Himalaya Food Int Q2 FY25 Net Profit Skyrockets 101% Y-o-Y to Rs 2.05 Cr

Key Takeaways from Edelweiss Financial Services' NCD Issue:

• Himalaya Food International's net profit soared by 101% to Rs 2.05 crores in Q2 FY25, compared to Rs 1.02 crores in the same quarter last year.
• Sales for Q2 FY25 increased by 3.6% to Rs 11.28 crores, while six-month sales rose by 14.74% to Rs 22.02 crores compared to the previous year.
• Despite the sales growth, six-month revenue plummeted by 89.5% to Rs 2.26 crores, down from Rs 21.6 crores last year.
• Basic and diluted earnings per share for Q2 FY25 rose to Rs 0.35, up from Rs 0.18 a year ago, while for the six-month period, they increased to Rs 0.51 from Rs 0.27.

Sequentially, net income for the six month period rose 86.6% to Rs 2.93 crores, compared to Rs 1.57 crores last year.

The company’s sales for the second quarter FY25 rose slightly 3.6% to Rs 11.28 crores, up from Rs 10.89 crores a year earlier. Revenue reached Rs 11.44 crores compared to Rs 10.82 crores in the previous year. 

For the six-month period, sales totaled Rs 22.02 crores, up 14.74% compared to Rs 19.19 crores a year earlier. However, revenue for the period was Rs 2.26 crores, down 89.5% from Rs 21.6 crores in the previous year. 

The company EBITDA for the quarter ended September 2024 stood at Rs 3.47 crore, up 29.5% compared to Rs 2.68 crores it reported in the same quarter previous year.

Basic earnings per share for Q2 FY25 from continuing operations stood at Rs 0.35, compared to Rs s 0.18 a year ago, while diluted earnings per share from continuing operations was also Rs 0.35, up from Rs 0.18. 

For the six-month period, basic earnings per share from continuing operations was Rs 0.51, up from Rs 0.27 a year ago, and diluted earnings per share from continuing operations was also Rs 0.51, compared to Rs 0.27. 

About Himalaya Food International Limited: 

Himalaya Food International Limited is India's largest company for frozen and canned food, providing jobs for over 1,200 people directly and more than 1,000 through contract farming in developing areas. It was the first Indian food company to offer a wide range of products in the US market.

Himalaya operates two modern facilities in North and West India that are certified to ISO 22000 standards. They focus on producing 100% natural, vegetarian products without chemicals. The company preserves nutrition and freshness using quick chilling, freezing, and a retorting process, avoiding any chemical preservatives.

Key Takeaways from Servotech Power System’s Order Win: 

• Servotech Power Systems has received an additional order from the Nashik Municipal Corporation (NMC) for electric vehicle (EV) charging stations.
• This order follows an earlier contract to supply, commission, and construct 20 EV charging stations in the Nashik area.
• Servotech will handle the installation, supply, and maintenance of the EV charging stations throughout Nashik.
• The initiative strengthens Servotech's role in India's EV infrastructure growth and supports national sustainability objectives.

This follows a previous order in which Servotech was tasked with supplying, commissioning, and constructing 20 EV charging stations in the Nashik area.

Servotech will manage the installation, supply, and maintenance of the EV charging stations across Nashik, reinforcing its position as a key player in India’s EV infrastructure development and supporting national sustainability goals. 

About Servotech Power System Limited:

Servotech Power Systems began its journey in 2004 by introducing Sine-Wave inverters for both domestic and commercial use. Over the years, the company experienced significant growth, launching a range of products including LED lighting solutions, solar street lights, and solar-hybrid inverters. In 2017, Servotech made its debut on the National Stock Exchange (NSE), further solidifying its position in the market. In response to the COVID-19 pandemic, Servotech became a key provider of medical-grade equipment, including oxygen concentrators and UV-C disinfectant products. Through its commitment to quality and innovation, Servotech has established itself as a leader in the industry.

Servotech’s vision is to create world-class solutions that reduce the impact of energy consumption on the climate, aiming for net-zero emissions and a decrease in reliance on fossil fuels for future generations. Its mission focuses on revolutionizing energy consumption and conservation practices, providing advanced technological solutions, empowering its workforce through knowledge sharing, and contributing to the welfare of society and the environment. In 2023, Servotech expanded its EV charger business into the Middle East and Africa, marking a significant milestone in its growth trajectory.

Key Takeaways from Bharat Electronics Order Win:

• Bharat Electronics Limited (BEL) has secured additional orders worth over Rs 500 crores since September 11, 2024.
• The new orders include EMI shelters, annual maintenance contracts for Integrated Air Command and Control system nodes, and upgrades for gun systems.
• With these new contracts, BEL's total orders for the current financial year have reached Rs 7,689 crores.
• BEL is a Navratna Defence Public Sector Undertaking under the Government of India.

These major orders include various products and services such as EMI shelters, annual maintenance contracts for Integrated Air Command and Control system nodes, upgrades and spare parts for gun systems, as well as spares for radars and communication systems. 

With these new orders, BEL's total order accumulation for the current financial year has reached Rs 7,689 crores.

About Bharat Electronics Limited:

Bharat Electronics Limited (BEL) is a Navratna public sector company under the Ministry of Defence, Government of India. It produces advanced electronic products and systems for the Army, Navy, and Air Force. BEL has also expanded into areas such as homeland security, smart city solutions, e-governance, space electronics (including satellite integration), energy storage (like e-vehicle charging stations and solar products), network and cyber security, railway and metro solutions, airport solutions, Electronic Voting Machines, telecom products, night vision devices, medical electronics, composites, and software solutions.

Key Takeaways from Edelweiss Financial Services' NCD Issue:

• Edelweiss Financial Services is launching a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs 1,000 each.
• The issue aims to raise up to Rs 1,000 million, with an option to increase this to ₹2,000 million.
• The NCDs will have tenures of 24, 36, 60, and 120 months, offering fixed interest rates between 9.50% and 11.00% per annum.
• At least 75% of the funds raised will be used to repay existing debts, while the rest will be for general corporate purposes. The NCDs are rated “CRISIL A+/ Watch Negative,” indicating good safety for investors.

The NCDs will have a tenure of 24, 36, 60, and 120 months and will offer fixed interest rates ranging from 9.50% to 11.00% per annum, with various options for interest payments. The issue will open on October 7, 2024, and close on October 18, 2024. 

At least 75% of the funds raised will be used to pay off existing borrowings, while the remaining amount will be allocated for general corporate purposes. The NCDs have been rated “CRISIL A+/ Watch Negative,” indicating a satisfactory level of safety for investors. 

The issue will be managed by Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited, and the NCDs will be listed on BSE Limited for investor liquidity.

About Edelweiss Financial Services Limited:

Edelweiss Financial Services Limited (EFSL) was founded on November 21, 1995, originally as Edelweiss Capital Limited, starting its journey as an investment banking firm after obtaining a Category II license from SEBI. In 2000, it upgraded to a Category I Merchant Banker license, and in 2011, the company changed its name to Edelweiss Financial Services Limited. The company's equity shares were listed on the BSE and NSE in December 2007.

Since its beginnings in investment banking, EFSL has diversified into various sectors, including retail and corporate credit, mutual funds, asset management, life insurance, and general insurance. The company emphasizes product innovation and providing a great customer experience, which has helped it grow its customer base to around 8.2 million. As of June 30, 2024, EFSL had 254 offices out of which 251 are in India and 3 international.