Trackpad

Cyient DLM Ltd to develop education infrastructure in two government schools in Mysuru 

Cyient DLM Ltd, a leading integrated electronics manufacturing company, as part of its ongoing commitment to Corporate Social Responsibility (CSR), continues to make significant strides in improving education and supporting community development in India. In its latest initiative, the company helped improve student well-being by upgrading the sanitation facilities and safeguarding the school buildings’ by providing rooftop waterproofing solutions at their adopted Government Higher Primary Schools in Mysuru’s Bastipura and Kumbarakoppal areas. 

Cyient DLM (Est: 1993, NSE: CYIENTDLM) is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions across the entire product lifecycle. With a focus on safety-critical electronics in highly regulated industries, Cyient DLM delivers design, manufacturing, testing, and certification support to ensure the highest reliability, safety, and performance standards. The company serves customers in diverse sectors, including aerospace & defence, industrial, and medical & healthcare, with a commitment to driving innovation and value-driven solutions. 

The stock’s 52-week high is ₹882.90 and its 52-week low is ₹454. The stock is up by 8.63 per cent from its 52-week low of ₹454 per share. The company has a market cap of ₹3,802 crore and as of September 30, 2024, the company has a strong order book of ₹19,790 million. 

National Stock Exchange of India (NSE) hits ₹3,834 Cr. profit 

The National Stock Exchange of India (NSE) reported a consolidated total income of ₹4,807 crore in Q3FY25, down from ₹5,023 crore in Q2FY25 but up from ₹3,974 crore year-on-year. Despite a 4 per cent sequential decline in transaction charges revenue to ₹3,445 crore due to lower trading volumes, net profit surged 22 per cent quarter-on-quarter to ₹3,834 crore, supported by a 17 per cent reduction in total expenses to ₹1,084 crore. Operating EBITDA grew 2 per cent QoQ to ₹3,398 crore. 

On a standalone basis, NSE’s Q3FY25 total income was ₹4,289 crore, with a 2 per cent quarter-on-quarter dip in operational revenue to ₹3,945 crore due to lower trading volumes. The cash market ADTV fell 19 per cent QoQ to ₹1,04,115 crore, while the equity options ADTV dropped 7 per cent QoQ to ₹61,295 crore. Operating EBITDA rose 8 per cent QoQ to ₹2,807 crore, though net profit fell to ₹2,291 crore from ₹2,954 crore in Q2FY25. 

NSE’s contribution to the exchequer stood at ₹45,499 crore, including ₹37,271 crore from STT/CTT and ₹2,173 crore from income tax. NSE remains India’s largest stock exchange and the world’s leading derivatives exchange by trading volume. 

Solex Energy Limited commissions advance 800 MW highspeed manufacturing line 

Solex Energy Limited, a leading solar brand in India, has launched a state-of-the-art 800 MW manufacturing line. This facility utilises cuttingedge technology, including AI and AOI, for high-speed, precision-driven production of N-Type, rectangular cell Tapi-R series modules ranging from 585 Wp to 625 Wp. The line boasts India's largest chamber laminators and operates 30 per cent faster than other domestic production lines, significantly improving efficiency and reducing lead times. 

This new facility marks a significant step in Solex's Vision 2030, which includes plans for a new 2 GW (scalable to 5 GW) cell manufacturing facility and an increase in module manufacturing capacity from 1.5 GW to 15 GW. This expansion reinforces Solex's commitment to becoming a fully integrated solar player and contributing to India's clean energy targets. Solex aims to strengthen India's solar manufacturing ecosystem and serve global markets by focusing on advanced manufacturing, automation, and high-efficiency modules. 

Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. The company have a market cap of over `900 crore. The stock is up 93 per cent from its 52-week low of `480.80 and gave multibagger returns of 3,900 per cent in 5 years. 

Garden Reach Shipbuilders announces upbeat Q3FY25 and nine-month results 

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Schedule ‘A’ Mini Ratna Category I Company, is a premier Indian warship builder with a rich history dating back to 1884. This Ministry of Defence undertaking has built over 790 platforms, including 110 warships for the Indian Navy, Coast Guard, and foreign navies. From India's first warship, the SDB INS Ajay, to its first export warship, the CGS Barracuda, GRSE's capabilities span various vessels, including frigates, corvettes, survey vessels, and fast attack craft. The shipyard's commitment to excellence and quality is reflected in its numerous accolades and ongoing infrastructure modernisation. 

The company announced positive Quarterly Results (Q3FY25) and nine-month results (9MFY24) for the financial year 2024. According to quarterly results, revenue increased by 38 per cent to ₹1,271.01 crore, EBITDA increased by 13 per cent to ₹147.41 crore and PAT increased by 11 per cent to ₹98.19 crore in Q3FY25 compared to Q3FY24. In its half-yearly results, revenue increased by 31 per cent to ₹3,379.65 crore, EBITDA increased by 15 per cent to ₹421.18 crore and PAT increased by 15 per cent to ₹283.16 crore in 9MFY25 compared to 9MFY24. 

Additionally, Garden Reach Shipbuilders & Engineers Ltd (GRSE) and Apollo Micro Systems Limited (AMS) have partnered to develop and supply advanced weapons and electronic systems for the Indian defence sector. As of September 30, 2024, the order book stands at ₹24,221.37 crore. The stock has delivered multibagger returns of 136 per cent from its 52-week low and a whopping 780 per cent in 5 years.