Wealth Growth Path

 Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital The Indian equity markets experienced a significant rally during Samvat 2080, with the Nifty rising approximately 25% by October 17, 2024. This growth was fueled by strong corporate earnings, improved GST collections, a revival in the Capex cycle, favorable monsoon conditions, and high domestic demand. Additionally, liquidity inflows from mutual funds and positive global cues contributed to market resilience. Globally, U.S. indices also posted gains of 27% to 35% during this period, reflecting a synchronized rally.  Key Growth Drivers:  Th key growth drivers for the Indian equity markets include consistent corporate earnings growth, which has bolstered investor confidence, and a revival in capital expenditure, particularly in infrastructure, enhancing growth prospects. High GST collections reflect strong consumption patterns and economic expansion, while a favorable monsoon has supported agricu...

  Over 1,000 industry experts, business leaders, and influencers gathered at the esteemed Sahara Star, Vile Parle, Mumbai, to celebrate the highly anticipated launch of Vision to Victory: Unleashing India's SME Platform, authored by renowned financial expert Ajay Thakur. This event held on 23rd October brought together luminaries from the financial and SME sectors, who lauded the book as a visionary blueprint for India’s economic growth through the empowerment of small and medium enterprises (SMEs).   Ajay Thakur wrote Vision to Victory to inspire and empower India’s small and medium enterprises (SMEs), drawing on his extensive experience, including establishing the BSE SME platform. Recognizing SMEs as vital to India’s economic growth and job creation, he aims to provide entrepreneurs with practical tools to unlock their potential and thrive in competitive markets. By sharing success stories and actionable strategies, Thakur seeks to highlight the transformative impact o...

 Ice Make Refrigeration Ltd. (NSE: ICEMAKE), a leading Indian manufacturer of refrigeration equipment, held its 15th Annual General Meeting (AGM) on September 28, 2024. The AGM emphasized Ice Make’s ambitious growth plans, backed by strong financial performance and strategic expansion efforts.  Chairman and Managing Director, Mr. Chandrakant Patel, laid out the company's vision for future growth, focusing on innovation, geographical expansion, and sustainability. Mr. Patel highlighted several strategic initiatives that will fuel the company’s expansion, including exploring technology partnerships in the commercial freezer segment and expanding its geographical reach in northern India. These efforts aim to improve market penetration, reduce logistics costs, and tap into the growing demand for energy-efficient refrigeration solutions.  The company’s current order book stands at ₹138 crore, positioning it for continued growth in FY2025, with a projected annual growth rate of...

  The Indian Pollution Control Association (IPCA) and Kia India in collaboration with city partner Social Lab Environmental Solutions Private Limited, hosted a dynamic panel discussion on "Effective Plastic Waste Collection & Recycling" at the Acres Club in Chembur, Mumbai. Attended by a robust audience of over 250, the mega awareness event featured esteemed panelists and stakeholders, including Mr. Vishwas Mote (Assistant Commissioner, M-West Ward, MCGM), Ms. Jyoti Mhapsekar (Founder and President, Stree Mukti Sanghatana), Mr. Shashikant Joshi (Deputy General Manager – EPR, Dalmia Polypro Industries Private Limited), Ms. Aarti Nijapkar (Kumkum Society President & TV Anchor), and Mr. Sajal Jaiswal (Deputy Manager – Sustainability & CSR, Kia India). Mr. Ashish Jain, Founder & Director of IPCA, who moderated the panel discussion, emphasized IPCA's pivotal role in environmental stewardship, highlighting their two-decade journey of sustainable change. The eve...

Ice Make Refrigeration Limited (NSE: ICEMAKE), a pioneering leader in innovative cooling solutions and a distinguished manufacturer of over 50 refrigeration equipment in India, has reported an impressive 27.07% increase in its H1FY24 consolidated net profit, reaching Rs 9.81 crore, compared to Rs 7.72 crore in the second half of the previous fiscal year. The H1FY24 consolidated revenue experienced stable growth, rose by 18.23% to Rs 156.33 crore from Rs 132.22 crore in the corresponding H1 of the last fiscal year. Operating profits significantly improved, owing to effective cost control and an enhanced product mix. During H1FY24, the company recorded an EBITDA of Rs 16.05 crore, representing a strong increase of 24.51%. EBITDA margins for H1FY24 stood at a healthy growth rate of 10.27%. The quarterly consolidated revenue for Q2FY24 rose by 14.42% to Rs 77.02 crore, while net profit experienced a slight dip of 3.45% to Rs 4.47 crore. The Q2FY24 EBITDA improved by 2.34% to Rs 7.71 ...