Bengaluru, February 6, 2025: Emcure Pharmaceuticals Ltd. (BSE:544210, NSE: EMCURE) today announced its unaudited consolidated financial results for the quarter ended December 31^st, 2024.

The quarter saw strong growth led by the International businesses that grew 23% YoY. The Canadian business continues to perform well, achieving a 34% YoY growth and the Mantra subsidiary is now fully integrated. Company’s Rest of the World (RoW) market business grew a robust 40% YoY aided by strong growth in our non-ARV segment. The company continues to see traction in its key focus markets led by its differentiated product portfolio. Emcure’s Domestic business grew by over 12% to ₹ 888 Cr, led by a steady performance in the base business and aided by in-licensed products.

Commenting on the results, Satish Mehta, CEO and Managing Director, Emcure Pharmaceuticals Ltd., said, “Emcure witnessed a strong performance in Q3. Our International business is seeing strong performance on back of our differentiated product portfolio. On the domestic side, our focus is on expanding our covered market through differentiated product launches and driving synergies from the in-licensed Sanofi portfolio. Moving forward, we aim to enhance our organic growth and margins through new product launches and operating efficiencies.”

Revenue break-up:

Contd.
Performance Summary (Consolidated)

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Bengaluru,February 05, 2025: Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) today announced its unaudited results for Q3 of FY2025.

Commenting on the results, Dr. Raghupati Singhania, Chairman & Managing Director (CMD), stated, “JK Tyre witnessed a healthy growth in the Replacement market during the Quarter. Rising raw material cost, particularly in natural rubber impacted the margins, which was to an extent addressed by certain price revisions and cost optimization. Looking ahead, demand in the Replacement market is promising, and the OEM sector is on a recovery path. Moreover, Export Markets offer new opportunities, given the Rupee/Dollar parity”.

JK Tyre is focusing on premiumization of it’s product range across segments, which will help profitability.

JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, continued to make healthy contributions to the overall revenues and profitability of the Company.

Dr. Singhania added that, as a part of our digital transformation journey, we recently established a Digital & Analytics Centre of Excellence (DnA COE), which will help strengthen data driven operational efficiencies and innovation.

JK Tyre is the 1^st tyre company in India to tie up Sustainability Linked Loan (SLL) with International Finance Corporation (IFC), which demonstrates its commitment to shaping a sustainable future in line with its Vision to become a “Green & Trusted Mobility Partner”.

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EBITDA grows 7 % to ₹ 3,481 crore

¾     9M FY25 Performance – PAT* Increases by 30% to ₹ 3,909 crore; EBITDA rises by 14 % to all-time high of ₹10,639 crore

¾     Achieves 21^st Consecutive Quarter of PAT Growth

• Renewables Business: PAT for renewable business in Q3FY25 grows by 59 % to ₹ 214 crore and by 41% to ₹ 787 crore over 9M. Clean & green portfolio now stands at ~ 6.7 GW installed and a pipeline of 10 GW, which will take the total portfolio to over 16.7 GW
• Solar Manufacturing Infrastructure: The entire 4 GW Cell line at the Tirunelveli plant in Tamil Nadu is fully operational. Additional 300 MW TOPCon line to be commissioned in Q4FY25. The manufacturing unit reported revenues of more than ₹1,300 crore, EBITDA of ~ ₹226 crore, and PAT of ₹112 crore in Q3FY25. In the first nine months, the facility has produced more than 2.4 GW of Modules and reported Revenues of ₹3,831 crore, EBITDA of ₹471 crore and PAT of ₹231 crore
• Rooftop Solar Business continues its pan-India expansion; Targets 30 lakh installations by 2030: With close to 2.5 GW of rooftop installations nationwide, the Company has advanced its #GharGharSolar initiative to Tamil Nadu, building on the success in Rajasthan, Uttar Pradesh, Kerala, and Chhattisgarh. The Rooftop business saw revenue growth of 15 % to ₹ 509 crore in Q3FY25 and on a 9-month basis reported revenues of ₹1,346 crore, up 22% on a YoY basis. It is well poised to achieve a target of 30 lakh installations by 2030 to support PM Surya Ghar Yojana
•  Power Transmission and Distribution capacity: With capex investments of ₹ 3,000+ crore in 9MFY25, the Transmission & Distribution business reported 7% PAT growth to ₹ 370 crore in Q3FY25 and 32% to ₹1384 Crore in 9M. This was buoyed by the robust performance of Odisha, Delhi and Mumbai Distribution businesses. Aimed with a target of 10,500 Ckm of capacity by FY30, the company won four large strategic Transmission bids valued at ~ ₹7,100 crore in the last 10 months
•  Regional Clean Energy Projects: Expanding its footprint beyond India, the Company has forged a strategic alliance with Druk Green Power Corporation Ltd. (DGPC), to develop 5 GW of clean energy capacity (4.5 GW of Hydro & 500 MW of Solar) ensuring sustainable and round-the-clock energy supply for Bhutan and India. The quarter saw Tata Power Trading Company Ltd (TPTCL) supply 50 MW of renewable energy to Bhutan, the first-ever bilateral cross-border merchant supply
• Leading the path for Sustainable Mobility: The quarter saw the company surpass a milestone of 1,20,000 home chargers and 1,156 e-bus charging points. This extensive infrastructure supports the company’s commitment to driving the adoption of electric vehicles across the country.

Bengaluru, February 4^th, 2025: Tata Power, one of India’s largest integrated power companies spearheading the country’s energy transition, today reported its 21^st consecutive quarterly PAT growth. During the quarter ended December 31, 2024, the Company reported its PAT of ₹ 1,188 crore, up 10% YoY.

Consolidated EBITDA during the quarter rose 7% to ₹ 3,481 crore on the back of solid contributions and operational efficiency across businesses.

For the 9MFY25 period, the Company clocked a Revenue and PAT* of ₹ 47,174 crore and ₹ 3,909 crore respectively. The 9-month period also saw the EBITDA reach its all-time high at ₹ 10,639 crore.

Consolidated financial performance (in ₹. crore)

*PAT is before exceptional items

Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, ” We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth. 

We have emerged as a clean energy leader with presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives. As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all. 

Our operations in Odisha have emerged as a role model for Discom reforms. We are earnestly exploring distribution opportunities in other states to support the government’s focus on revamping the sector. 

Our recent wins in large-scale transmission projects reaffirm our expertise and commitment to evacuation and supply of power nationwide and put us at the centre of the development of upcoming Green Energy Corridors.

As the Government is looking for active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity, we will take up the opportunities to set up small modular nuclear reactors.”

As of 31^st December 2024, the Company’s operational capacity is 6.7 GW in the clean & green segment, generating 11,700+ MUs of green power. Another 10 GW of projects are under execution and are poised to take its total clean energy capacity to 16.7 GW.

Other highlights of the quarter:

• Tata Power’s solar manufacturing arm – TP Solar Limited, secured a ₹455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited
• Tata Power signed an MoU with Asian Development Bank for US$4.25 bn to finance key clean energy power projects

• Madhya Pradesh saw Tata Power Renewable Energy Ltd (TPREL) commission one of India’s largest floating solar projects of 126 MWp in Omkareshwar and the 431 MW DC Solar Plant in Neemuch. The Neemuch plant is India’s first solar plant to incorporate a unique combination of single-axis trackers and bi-facial modules

• Noida International Airport partnered with Tata Power Trading Company Ltd. (TPTCL) to supply 10.8 MW of wind power and with TPREL to develop, operate, and maintain a 13 MW onsite solar power capacity
• TPREL signed a Power Purchase Agreement (PPA) for a 400 MW Hybrid Project with MSEDCL
• TPREL signed an MoU with the Odisha Renewable Energy Development Agency Limited (OREDA) to accelerate rooftop solar power adoption among residential customers under the PM Surya Ghar Yojana
• The Company reached a milestone of ~16 lakh smart meter installations across its Discoms in Mumbai, Delhi and Odisha
• To augment the overall EV charging infrastructure, TPREL signed a MoU with Tivolt Electric Vehicles and Tata Power Delhi Distribution Ltd (TPDDL) partnered with Baaz Bikes to set up battery solutions in the National Capital Region
• TP Central Odisha Distribution Ltd (TPCODL) unveiled a Power Distribution Technology Centre in Bhubaneswar. This technology hub integrates advanced Operational Technology (OT) and Information Technology (IT) systems, along with a 24×7 Power System Control Centre (PSCC) that ensures real-time network monitoring, seamless system operations, and uninterrupted power supply across Odisha
• Tata Power-DDL ranked among the Top 10 utilities globally in Smart Grid Index 2024 and became the first power distribution utility globally to receive Deming Award in recognition of its Total Quality Management (TQM) in Tokyo, Japan
• Tata Power, in collaboration with the National Institute for the Empowerment of Persons with Intellectual Disabilities (NIEPID) and Tata Elxsi, launched the ‘E-Sanidhya’ portal to provide diagnostic support and home care solutions for neurodiverse children, particularly in underserved regions
• Tata Power launched ‘Eco Crew’, India’s largest energy literacy movement to educate and encourage students, schools and families to adopt clean energy sources, embrace solar rooftops and become nature’s best friend forever (BFF).
• The initiative has been launched in 24 cities of Uttar Pradesh, covering 1,000 schools and aiming to reach 5,00,000 students
• Tata Power secured an S&P Global ESG Score of 68/100 in the S&P Global’s Corporate Sustainability Assessment (CSA) with a percentile position of 88% for FY2024-25
• Tata Power received ICAI’s Silver Shield for Excellence in Financial Reporting for the year 2023-2024 in the infrastructure & construction sector

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