Stocks in news: UltraTech, Eternal, RIL, ICICI Bank, HDFC Bank, Jio Financial
ADVERTISEMENT UltraTech Cement, Eternal, IDBI
Shares of UltraTech Cement, Eternal and IDBI will be in focus as the company will announce its fourth quarter results.
ICICI Bank
ICICI Bank, India's second largest private lender, reported a standalone net profit of Rs 12,768 crore, up 15% year-over-year compared to a profit of Rs 11,059.11 crore in the corresponding quarter of last year.
HDFC Bank
HDFC Bank, India's largest private sector lender, on Saturday announced its first-ever bonus issue, with the board approving the allotment of shares in a 1:1 ratio.
Yes Bank
Yes Bank reported a 59% growth in its Q1FY26 standalone net profit at Rs 801 crore versus Rs 502 crore in the year ago period.
RBL Bank
Private sector lender RBL Bank on Saturday reported a standalone net profit of Rs 200.33 crore for the first quarter ended June 2025, a 46% year-over-year decline
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RIL
Mukesh Ambani-led Reliance Industries (RIL) reported a 78% growth in its Q1FY26 consolidated net profit at Rs 26,994 crore versus Rs 15,138 crore in the year ago period.
Sona Comstar
Sona Comstar entered China EV market via JV to manufacture driveline systems with Jinnaite Machinery (JNT) in China.
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Punjab & Sind Bank reports
Punjab and Sind Bank reported a net profit growth of 48% to Rs 269 crore in the first quarter.
JK Cement
JK Cement's net profit rose 75% to Rs 324 crore in the first quarter, while revenues increased 19% to Rs 3,352 crore.
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Warbug Pincus
Warbug Pincus (Currant Sea Investments B.V) received RBI approval for its proposed 9.99% investment In IDFC First Bank
Jio Financial
Jio Financial to form 50:50 reinsurance joint venture with Allianz.
ADVERTISEMENT Dr Reddy's
Dr Reddy's received seven USFDA observations after Srikakulam plant inspection.
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Time of India
27 minutes ago
- Time of India
How to start a gym business and make it succeed: Here's a 6-step guide
Academy Empower your mind, elevate your skills Challenges on the floor Talent management How to start a gym business Fifteen years ago, when Saif Malik joined Anytime Fitness as general manager, he had no designated seat and zero access to the owner. 'I saw how things worked and, more importantly, how they didn't,' says Malik, who had grown up observing his older brother run a gym . Since then, he had dreamt of owning one himself. 'I knew the gaps that needed to be plugged: poor amenities, angry members walking out, staff with no voice,' he says. So, when he opened his own gym, Component Fitness, in 2021, he set out to fix these drawbacks. The gym was launched along with a friend with an investment of Rs.1 biggest expenses were for the equipment and rent, which comprised Rs 7 lakh annually and accounted for 60% of the total capital. Another 30% went into space design, and the remaining 10% on marketing and advertising. 'We didn't cut corners on quality,' he a year, Malik had expanded the gym from 3,000 to 7,000 sq ft to accommodate the surge in footfall. The reason for this rapid growth, he says, was his 'consumer -first approach'. He offered premium amenities at affordable prices and supported members through personal challenges, waiving fees for accident victims and pregnant women. Empathy guided his decisions. After the Pahalgam attack, he extended free memberships to all army tried various marketing channels—pamphlets, newspaper ads, billboards and online campaigns. At the outset, he spent Rs.20,000-25,000 a month on Instagram, which proved very effective. His priority was brand awareness over profits. 'I was okay about breaking even as long as people knew about us,' he gym now offers three-, six-, and 12-month plans priced at Rs.10,000, Rs.15,000, and Rs.24,000, respectively. The monthly revenue ranges from Rs.20-25 lakh, with profits of Rs.10-12 faced teething troubles. 'The biggest challenge for gym owners is underinvesting in amenities due to tight budgets,' he says. Most people also overlook the opportunity cost. 'If you could earn Rs.20, but settle for Rs.10 by selling at Rs.12, that's not profit; it's an unseen Rs.8 loss,' he explains. His industry experience helped him avoid such the right location was also a challenge. 'If your rent is too high or you open a premium gym in a low-income area, you're setting yourself up for failure,' he says. Success depends on research, knowing the local demographic, and pricing to match purchasing discovered that the largest operational expense wasn't marketing, but salaries. With a team of over 30, people management has been both fulfilling and demanding. 'Finding well-educated, professional trainers remains a challenge, and lack of formal education often reflects in their conduct,' he notes. To address this, Malik places a strong emphasis on training his staff in etiquette and professionalism, particularly to ensure a safe and welcoming environment for keep his team engaged and motivated, his company offers generous appraisals, subsidised meals, and regular team outings Malik has also implemented an Annual Maintenance Contract (AMC) to ensure the gym's equipment is of the ongoing challenges for him is the demanding nature of work. He cautions against viewing the gym business as a passive income stream. 'This isn't a side hustle. You have to give it your all,' he says. In the early days, Malik clocked up to 20 hours a day; even now, he puts in 14-15 hours ahead, he is focused on scaling the business through franchise partnerships. His model is straightforward: 50:50 investment, with the brand contributing half the capital. 'It ensures that the partner knows we have skin in the game,' he every gym in your target area. Check the facilities they offer, how much they charge, and what their weak points are. Your goal should be to offer better services at the same or slightly higher price. That's how you create assume what customers want; observe and ask. Is your target area price-sensitive or driven by quality? Avoid launching a premium facility in a low-income neighbourhood or a basic gym in an upscale area. Your offering must align with the local people through the door is the hardest part. Use Instagram, flyers, newspaper ads, and word of mouth to create brand awareness. Even if your initial revenue just covers your marketing spend, it's worth it. Conversion happens once people is where many gym owners go wrong. Invest in annual maintenance contracts and fix broken machines. Poorly maintained equipment leads to cancellations and bad reviews. Customers expect trainers represent your brand. Look beyond certifications, check how they talk, behave, and treat people. Most trainers need to be trained in professionalism. Make sure female clients feel safe at all on building good reputation, not just revenue. Give discounts and help out members going through personal challenges. Such details go a long way and profits will automatically Malik, owner of Component Fitness
Indian Express
27 minutes ago
- Indian Express
Fine Organics is about to spend Rs 750 crore on expansion. Is it worth a buy?
In 2018, Fine Organics was trading at around Rs 1,000 per share. It was one of those compounders, profitable, low-debt, and steady, but largely ignored by the broader market. Then came the breakout. Between 2020 and mid-2022, the stock rallied more than 7 times, touching a high of nearly Rs 7,500. Investors who stayed in were rewarded handsomely. But the sharp run-up also brought volatility. Over the next 18 months, the stock corrected sharply, falling below Rs 4,000 by early 2024. Now, it is climbing again. As of July 2025, Fine Organics trades close to Rs 5,500, up nearly 40 per cent in just a few months. This recovery is coming at a time when the company is stepping into its most ambitious expansion yet. With annual profits of around Rs 400 crore and over Rs 1,000 crore in cash and internal reserves, Fine Organics is deploying Rs 750 crore to build a new export-oriented plant in a Special Economic Zone near JNPA, Maharashtra. It is also laying the groundwork for its first manufacturing unit in the United States. This is a company known for its conservative style, characterised by zero debt, high return ratios, and steady margins. However, it is now entering a high-capex, high-commitment phase that could shape the next decade. The question is whether Fine Organics can scale globally while maintaining the discipline that has made it what it is. At its core, Fine Organics manufactures specialty additives, high-impact ingredients used across various industries, including food, plastics, cosmetics, and others. These are not large-volume, commoditised chemicals. They are performance enhancers that improve texture, shelf life, dispersion, and stability in end products. Its portfolio spans over 400 products, but they all follow a common thread: They are functional, high-margin, and deeply embedded in customer formulations, which makes Fine Organics a sticky supplier once trials succeed. In FY25, about 55 per cent of revenue came from the polymer and plastic additives segment, followed by 30 per cent from food and feed, and the rest from cosmetics, coatings, and other specialty use cases. What keeps the business strong is not just product diversity, but how tightly it controls quality and processes. Fine Organics does not rely on third-party innovation. It develops formulations in-house, builds trust with customers through trials, and then becomes part of their long-term supply chain. Switching costs are high. Even though the company's products form a small part of its customers' overall cost, they play a critical role in performance. That makes pricing relatively resilient and helps sustain gross margins above 40 per cent, even during tough cycles. Fine Organics exports over 60 per cent of its products to more than 80 countries, and it does this with a single central R&D and production footprint based in India. Fine Organics has historically focused on scaling without stretching. That is why, even with just over Rs 2,000 crore in revenue, it delivered a return on capital employed (ROCE) of 20 per cent and profit after tax of over Rs 400 crore in FY25. The company maintains zero long-term debt, and most of its capital expansion so far has been self-funded. This gives it both financial flexibility and operational independence, a rare combination in the chemicals sector. Fine Organics closed FY25 with revenue of Rs 2,095 crore, up 7 per cent year-on-year. While top-line growth was moderate, the company managed to protect its profitability in a high-cost environment. This flat but stable performance was not due to weak demand. It was largely a result of capacity constraints. The company operated at 95 percent utilisation, leaving little headroom for volume-led growth. This is why the upcoming capex becomes critical, as growth from here depends on adding new manufacturing lines. One positive takeaway from FY25 is Fine Organics' discipline in working capital. Receivables remain under control, inventory turnover has improved, and cash reserves crossed Rs 1,000 crore. The company remains debt-free. Management has also guided that once the new SEZ facility is operational, likely in FY27, revenues could see a meaningful jump, with better operating leverage. Meanwhile, the company is also expanding R&D efforts and strengthening its global sales network, including the US setup. For most of the past decade, Fine Organics followed a low-risk, high-efficiency strategy. It avoided debt, expanded in phases, and focused on optimising capacity before chasing scale. But that approach is now shifting. After reaching full utilisation across existing facilities, the company is preparing for its next growth phase. The largest capital investment in Fine Organics' history is now underway, a new manufacturing unit inside the JNPA Special Economic Zone in Maharashtra. This facility is expected to cost around Rs 750 crore and will be geared mainly toward export markets. Management shared in the May 2025 earnings call that land has already been allotted, and the project has received environmental clearance. The company expects commissioning by FY27, with a phased ramp-up in product lines. This SEZ plant will: The bigger strategic leap, however, lies overseas. For the first time, Fine Organics is planning a manufacturing unit in the United States. While exact numbers have not been disclosed, management hinted that the US capex could consume a large portion of the company's Rs 1,000+ crore in cash and accruals over the next two years. This decision has been driven by: The company is still in the site selection phase, but has committed to setting up core R&D, pilot trials, and eventually full-scale manufacturing for high-margin segments like food, nutrition, and biodegradable plastics. In the latest conference call, the management emphasised two things: The company expects the next 12-24 months to be flat in terms of revenue growth, as most capacity remains tied up. But it sees significant operating leverage and margin upside once new capacities go live post-FY27. Fine Organics is no longer a secret. After its 7x rally between 2018 and 2022, and a recent bounce from the lows, the stock now trades around Rs 5,200, commanding a trailing P/E of 40 times. That is not cheap by traditional standards, especially for a company that reported just 7 per cent revenue growth in FY25. But context matters. While the P/E multiple may look high today, it reflects investor confidence that the next leg of growth will be driven by new capacity, new markets, and better operating leverage. That said, investors must be mindful of a few risks: Still, for long-term investors, Fine Organics represents a rare mix that is steady margins, strong cash flows, global potential, and conservative capital allocation. The stock is not a value pick anymore. But it remains a business with high-quality fundamentals and a clear expansion roadmap. If the company sticks to its discipline and delivers on execution, the next five years could look very different from the last five from both scale and relevance perspective. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Economic Times
27 minutes ago
- Economic Times
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. ADVERTISEMENT S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy. 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. ADVERTISEMENT Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. ADVERTISEMENT This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. ADVERTISEMENT However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
