Indo Rama Synthetics (India) Ltd. Share Price

Indo Rama Synthetics (India) Ltd – Fundamental Analysis

Textiles company Indo Rama Synthetics (India) announced Q4FY26 & FY26 results

Textile Industry’s Push to Ease MEG Duties May Boost Reliance, Filatex, and Other Polyester Producers

The call from Gujarat’s textile industry to reconsider anti-dumping duties on Monoethylene Glycol (MEG) imports has significant implications for India’s polyester and chemical manufacturing companies. If the government relaxes the current duty structure, it would directly benefit polyester producers and downstream textile firms by lowering raw material costs. Indian chemical giants such as

Stocks in focus - Quarterly Earnings Wrap: Winners and Losers

Earnings season has delivered a mixed picture for investors. On the positive side, a few companies posted strong growth. Inox Wind led the pack with profit jumping 134% and revenue rising nearly 30%. Zaggle Prepaid also impressed with a 56% surge in profit and over 30% growth in revenue. Jyoti Structures more than doubled its profit while revenue soared 77%, and Indo Rama Synthetics returned to profitability with a healthy 38% revenue increase. However, several companies disappointed with weak numbers. Glenmark Pharma saw its profit collapse by 86% due to an exceptional loss, while Vodafone Idea’s already steep losses widened further to over ₹6,600 crore despite higher revenue. Spandana Sphoorty slipped into a heavy ₹360 crore loss, hurt by a sharp fall in net interest income and higher provisions. Travel and industrial players also faced pressure. Easy Trip Planners reported a near wipeout in profit, down 99%, with revenue also falling. Jindal Poly Films saw profit shrink 85% alongside lower sales, while Swan Energy posted a 90% profit decline despite slightly higher revenue. Fertilizer major National Fertilizers also struggled, as losses deepened and revenue fell more than 30%. Overall, the results highlight a clear divide. Renewable energy and fintech players are showing resilience and growth, while pharma, telecom, fertilizers, and some financial firms remain under stress. Investors can expect sharp stock movements as the market reacts to these contrasting performances.

📛 Bazaar Bites - 24th February, 2025

Benchmark indices extended their fall for a fifth session in a row today taking the Nifty 50 to the lowest level in the last eight months . Major Indices Performance: * NIFTY 50: 📉 Decreased by 1.06%, closing at 22,553. * SENSEX: 📉 Fell by 1.13%, ending at 74,454. * BANK NIFTY: 📉 fell by 0.67%, settling at 48,651. * NIFTY MIDCAP: 📉 down by 0.94%, reaching 50,013. * NIFTY SMALLCAP: 📉 decreased by 1.02%, closing at 15,477. Major Sectoral Performance: * Gainers: Nifty FMCG was the gainer, rising 0.36% followed by Nifty Auto (+0.22%). * Losers: Nifty IT led declines, falling 2.71%. Nifty IT index has now fallen for 11 out of last 12 ***** sectors, including Metal, Realty, and Oil & Gas, saw losses, reflecting a broad market downturn. Major news headlines of the day: * Bain Capital is close to acquiring a controlling stake in Manappuram Finance through fresh capital and a secondary share sale, setting the stage for management overhaul. *

L&T Heavy Engineering Secures Significant Orders in Q3 FY25

Larsen & Toubro’s (L&T) heavy engineering arm secured ‘significant’ orders worth ₹1,000-₹2,500 crore in Q3 FY25 across global and domestic markets. Key global wins include LNG equipment for a project in the US, a loop reactor for a propane dehydrogenation polypropylene plant in Turkey, a fluid catalytic cracking unit revamp project in Saudi Arabia, and hydrocracker reactor components for a client in Kuwait. Domestically, the arm bagged three urea reactor orders, including India’s longest for Southern Petrochemical Industries Corporation, and reactors for Indian Farmers Fertiliser Cooperative Ltd. and Indorama India Pvt. Ltd., bringing its urea reactor streak to 17 consecutive projects. L&T’s power transmission and distribution vertical also secured orders worth ₹2,500-₹5,000 crore. In Q2 FY25, L&T reported a 5.4% YoY rise in net profit at ₹3,395.3 crore, a 20.6% YoY jump in revenue at ₹61,554.6 crore, and EBITDA growth of 13% YoY to ₹6,362 crore with a margin of 10.3%.