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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 26 points lower at 23,482 on Saturday.

Allied Digital Services:

The company reported Q3FY25 results with revenue up 29.2% YoY to Rs.221crore (+8.9% QoQ), EBITDA up 28.6% YoY to Rs.27 crore (+17.4% QoQ),EBITDA margin down by 6 bps YoY at 12.22% (+89 bps QoQ), and PAT up50.0% YoY to Rs.18 crore (+50.0% QoQ).

Ganesha Ecosphere:

The company reported Q3FY25 results with revenue up 39.7% YoY to Rs.398crore (+2.8% QoQ), EBITDA up 41.3% YoY to Rs.57 crore (+2.7% QoQ), EBITDAmargin up by 16 bps YoY at 14.20% (-2 bps QoQ), and PAT up 128.5% YoY to Rs.30 crore (+10.0% QoQ).

Gayatri Highways:

The company disclosed a default in interest payment of Rs.21.82 crore on aloan due to Sai Maatarini Tollways, with a total principal amountoutstanding of Rs.1,471.19 crore.

HBL Engineering:

The company received a Rs.410.42 crore order from Western Railway forinstalling way-side Kavach on Ahmedabad-Palanpur and AhmedabadSamakhiyali sections.

Happiest Minds:

The company signed agreements to acquire GAVS Technologies' Middle Eastbusiness, including entities in Dubai, Oman, and Saudi Arabia, for $1.7 million.

JTL Industries:

The company set up a new plant in Punjab for Lattice Towers with a 1,500T/month capacity, targeting telecom, railways, and steel sectors.

Maithan Alloys:

The company is increasing production capacity at its Kalyaneshwari Unitfrom 50% to 60% effective February 1, 2025, after a prior production cutdue to adverse market conditions.

NCC:

The company received an order worth Rs.424.79 crore from RailInfrastructure Development Company (Karnataka) for its TransportationDivision, with a job duration of 24 months.

RailTel:

The company secured a Rs.100.33 crore order from a defense PSU for settingup a Data Center & Disaster Recovery Center in India.

Ritco Logistics:

The company expanded into the SAARC market, achieving a turnover ofapproximately Rs.90 lakh in January 2025, secured a Rs.45 crore contract fromNTPC, and multiple other contracts totaling Rs.15.6 crore from various clients.

Steel Strips Wheels:

The company reported its highest-ever monthly net turnover of Rs.409.16 crorein Jan'25 (?7.5% YoY), driven by strong aluminum and tractor segment sales.

Thirumalai Chemicals:

The company's subsidiary, TCL Specialties LLC, is progressing on its $200million Petrochemical and Fine Chemicals plants in West Virginia, expectedto start operations in Q4 2025.

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