Q4 FYE2025 - Robust Power Play

The power sector is in focus due to rising seasonal demand and expectations of economic activity.

Reached 241 gigawatts (GW), a 14 GW year-on-year increase in Q4FY25.

Total installed capacity reached 2.3 GW; 15.5 GW of wind-related capacity was awarded.

🚧 PNC Infratech wins ₹239.94 Cr flyover project in Rajasthan

👉🏻 Declared L1 bidder for EPC contract from PWD-Rajasthan
👉🏻 Project: Flyover from Heeradas Chouraha to Kumher Gate Chouraha, Bharatpur
👉🏻 Order value: ₹239.94 Cr | Timeline: 24 months
👉🏻 No promoter/group entity interest in awarding body

EARNINGS

Good-Havells (strong performance across segment-Lloyds outperforms), Cyient DLM (strong margin expansion-guidance) ,

Inline-HCL Tech and guidance also inline (But in current scenario of IT-is good)

Mixed- TATA Communications (Exceptional Item as well, strong performance from digital segment, Margins see degrowth)

Weak-M&M Financial (asset quality impacted) , AU Small Finance Bank (higher credit costs)

Orient cement ; Ambuja has acquired sole control of the Company and has become the promoter of the Company in accordance with the SEBI Listing Regulations.

Orient cement

Ambuja has acquired sole control of the Company and has become the promoter of the Company in accordance with the SEBI Listing Regulations.

Citi On HCLTech

Maintain Neutral; Cut target price to Rs 1,510 from Rs 1,610

New deal TCV - Q4 strong

Management comments - environment very uncertain; will look for opportunities

Continue to prefer HCLTech, along with Infosys, relatively over other large caps in the sector

IRDAI approves Aditya Birla Capital to act as insurance corporate agent: Informist