Thu, Feb 1, 2024 10:44 AM
Reliance, Bodhi Tree discuss 60% stake in Disney India merger talks: Report
A Flip by Shubhangi Gupta
The Chennai Metro Rail Limited (CMRL) has yet to begin work on the detailed project report (DPR) for the Trichy metro proposal, despite completing a detailed feasibility report (DFR) over a year ago. While the DFR, submitted in August 2023, confirmed the viability of a metro system in Trichy, the project has not been prioritised by the state government.
Open Flip
Motilal Oswal's research report on Cyient DLM: Cyient DLM’s (CYIENTDL) 3QFY25 consolidated revenue/EBITDA grew by ~38%/23% YoY. However, EBITDA missed our estimates as margins declined 90bp YoY due to a high mix of low-margin business (BEL order execution). Standalone revenue (excl. Altek – recently acquired) grew only ~11% YoY in 3QFY25. The order book continued its downward trend.
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India Cements reported a 3QFY25 operating loss of INR1.9b, missing estimates, due to a 20% YoY decline in blended realization to INR4,333. Capacity utilization stood at 57%, but a sharp decline in realization led to a higher operating loss. UTCEM has acquired a 32.7% stake, making ICEM a subsidiary, and ICEM aims to strengthen its presence in core markets.
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