Latest news with #RPGEnterprises
Mint
2 days ago
- Business
- Mint
Harsh Goenka criticises 9 to 5 jobs, internet points at irony: 'If your employees start believing...'
Harsh Goenka, Chairman of RPG Enterprises, who is known for sharing insightful details on life and leadership on X, formerly Twitter, has shared some advice for corporate employees. Criticising 9-to-5 jobs, he urged people not to fall for them. His view has gained mixed reactions from netizens. Harsh posted a video showcasing how 9-to-5 jobs 'take over' lives. It features a freshly graduated man who is hired by someone to stand in a restricted area—a metaphor for how a 9-to-5 job begins with an internship. The story goes on to show how the man eventually lands a full-time role. Over time, he grows unhappy as his friends enjoy life while he remains stuck in his corporate routine. Even after receiving a promotion, his situation doesn't change. He continues to stand, trapped in the same cycle. Years later, now old and fragile, he retires. With his retirement money, he buys a skateboard from some youngsters. But when he tries to ride it, it's too late; he falls, no longer young enough to enjoy what he missed. The video ends with a message: 'How a 9 to 5 takes over your life.' Sharing the video, Goenka wrote, 'Wake up….before it's too late!' His post has received divided opinions. While many agreed with him, some also called out the irony of his thoughts. Reacting to his post, a user wrote in the comments, '9-5 is a trap. Period.' 'No matter how talented you are, you will be replaced as soon as your time in the job is over. You will be completely absorbed in the job, so live life, don't waste it,' added another. One more agreed to Goenka, saying, 'Once you're in a 9-to-5 job, you can become trapped in it. The force of habit doesn't allow you to consider other options, even if they become available to you. And every single Organisation needs these employees. Some who join at 20 and retire at 60 move up only a few steps.' A section of the internet also schooled Harsh Goenka. Among them, one user commented, 'Sir ji, don't show it to your employees. Imagine if all your employees start believing in it then what will happen to your organisation.' 'Great message for RPG employees,' joked another user. Yet another added, 'Easy to make fun of innocent employees. But what's solution for this (sic)?'
Business Standard
2 days ago
- Business
- Business Standard
Ceat slips after Q1 PAT slides 27% YoY to Rs 112 cr
Ceat fell 1.67% to Rs 3,790.80 after the company's net profit declined 27.06% to Rs 112.45 crore on a 10.54% increase in revenue to Rs 3,529.41 crore in Q1 FY26 over Q1 FY25. The revenue growth was driven by a strong performance in both the OEM (Original Equipment Manufacturer) and replacement segments. The company reported profit before exceptional items and tax of Rs 159.04 crore in Q1 FY26, compared to Rs 195.41 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 3.29 crore during the quarter. EBITDA for Q1 FY26 marginally declined 0.5% to Rs 386.2 crore, compared to Rs 388.2 crore in Q1 FY25. EBITDA margin reduced to 10.9% during the quarter as against 12.2% in the same quarter the previous year, primarily due to an increase in raw material (RM) costs. On the margins front, the company's operating margin reduced to 10.94% in Q1 FY26, compared with 12.16% recorded in Q1 FY25. Net profit margin declined to 3.18% in Q1 FY26 from 4.83% registered in Q1 FY25. In Q1 FY26, capital expenditure (capex) amounted to approximately Rs 231 crore. Arnab Banerjee, MD & CEO, CEAT, stated, We continue to grow at a strong pace with double-digit growth in top-line, driven by OEM and replacement segments. Looking ahead, we are well poised to ride the premiumization and electrification trend in the domestic market and renew our growth in international markets with stability in the geopolitical situation. Kumar Subbiah, CFO of CEAT, said, "Q1 saw strong growth and high-capacity utilization at all our manufacturing facilities. This growth came on the back of an increase in demand from OEM and replacement segments. As Q1 is a marketing-heavy quarter with significant marketing costs associated with IPL, operational margins saw a slight dip. Efficient cash flow management helped in gross debt coming down by Rs 100 crore during the quarter. Meanwhile, the board has approved the reappointment of Arnab Banerjee as managing director and CEO for another two-year term, starting 1 April 2026, pending shareholder approval. Additionally, CEAT announced a capital expenditure plan of around Rs 450 crore to expand its Chennai plant located at Kannanthangal, Sriperumbudur, in Kancheepuram district. The plant currently operates at 80% capacity and produces about 70 lakh tires annually. The planned expansion, expected to be completed by the end of FY27, aims to increase production capacity by roughly 35%, particularly in the Passenger Car Utility Vehicle (PCUV) segment. The investment will be financed through a combination of internal funds and debt. CEAT anticipates strong medium-term growth in the PCUV segment and plans to boost capacity to meet growing demand. CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tires, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
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Business Standard
2 days ago
- Business
- Business Standard
CEAT falls over 2% on mixed Q1 nos; profit tanks 28%, revenue up 11% YoY
CEAT share price: Tyre maker CEAT shares were under pressure on Friday, July 18, 2025, with the stock dropping up to 2.47 per cent to an intraday low of ₹3,760 per share. At 10:04 AM, CEAT share was trading 1.46 per cent lower at ₹3,799 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 81,939.81 levels. Why did CEAT share price fall in trade today? CEAT share price fell on the back of a mixed show in the June quarter of financial year 2026 (Q1FY26). The company reported a 27.7 per cent year-on-year (Y-o-Y) decline in net profit, which dropped to ₹112 crore in Q1FY26, compared to ₹154 crore in the same quarter last year (Q1FY25). Its revenue, however, rose 10.5 per cent Y-o-Y to ₹3,529 crore, up from ₹3,193 crore, indicating continued growth in topline performance. Ebitda increased marginally by 1.3 per cent Y-o-Y to ₹387 crore in Q1FY26, against ₹383 crore in the corresponding quarter of the previous year (Q1FY25). Ebitda margin, meanwhile, declined 100 basis points (bps) to 11 per cent from 12 per cent Y-o-Y. The board of directors also approved the re-appointment of Arnab Banerjee as managing director and chief executive officer (MD and CEO) of the company for a further term of two years effective from April 1, 2026, subject to approval of shareholders, based on the recommendation of the Nomination and Remuneration Committee. 'We continue to grow at a strong pace with double-digit growth in top-line, driven by OEM and replacement segments,' said Arnab Banerjee, MD and CEO, CEAT. Banerjee added, 'Looking ahead, we are well poised to ride the premiumisation and electrification trend in the domestic market, and renew our growth in international markets with stability in the geopolitical situation.' About CEAT Established in 1958, CEAT is the flagship company of RPG Enterprises and ranks among India's leading tyre manufacturers. With a robust presence in both domestic and international markets, CEAT produces over 48 million high-performance tyres annually. The company serves a wide range of vehicle segments, including 2- and 3-wheelers, passenger cars, utility vehicles, commercial vehicles, and off-highway vehicles. Meanwhile, RPG Group, founded in 1979, is one of India's fastest-growing and diversified business conglomerates, with a turnover of $5.2 billion. Its portfolio spans across key sectors such as infrastructure, tyres, pharmaceuticals, information technology, and specialty businesses, along with a growing focus on innovation-driven technology ventures.
Mint
11-07-2025
- Entertainment
- Mint
Harsh Goenka is thankful he didn't go to school in Kerala: ‘Where would I have hidden my…'
Kerala schools are doing away with conventional seating arrangements (traditional rows with desks arranged in straight lines facing the teacher) and have opted for a semi-circular arrangement with the educator in the centre, mitigating the concept of "backbenchers". The revolutionary classroom seating order is inspired by the Malayalam film Sthanarthi Sreekuttan. Harsh Goenka, Chairman of RPG Enterprises, mockingly remarked that he was glad to have skipped Kerala schools as "they've abolished backbenchers! That was my permanent seat," he said. "Thank goodness I didn't go to school in Kerala — they've abolished backbenchers! That was my permanent seat. Where would I have hidden my quick nap, my doodles, my secret samosa?" the tweet read. His post drew an array of reactions from social media users, who echoed similar sentiments and described the nostalgia of sitting in the back seats. A user wrote: "This Kerala system, going by the fact that first benchers typically don't sign well in life, the entire classroom won't be signing well." Another said: "When I answered a question in class and the whole class turned back to look at me — that feeling was priceless. That's what made me stay a backbencher forever. Not just for naps and secret snacks, but for those quiet moments of surprise." A third user said: "We should have these arrangements in colleges and universities. Definitely not in school… Why compromise fun in school?" A fourth user simply wrote: "Proud to be a backbencher." Several schools in Kerala are adopting a new semi-circular classroom seating arrangement inspired by the Malayalam film Sthanarthi Sreekuttan, which premiered on Saina Play last month. Moving away from traditional rows, this change places the teacher at the centre. Director Vinesh Viswanath, whose debut film is set in an upper primary school in Thiruvananthapuram, said, 'At least six schools have already introduced it and we came to know of it when they tagged our Instagram handle,' as reported by The Hindu. Reflecting on his own school days, Vinesh recalled sitting in a similar arrangement at Government LP School in Thiruvananthapuram and added, 'But when we placed that as the climax, we never expected it to reach so many schools."
Hindustan Times
01-07-2025
- Business
- Hindustan Times
Indian billionaire who ‘never shouted at anyone' reveals secret anger management mantra
Harsh Goenka, the chairman of RPG Enterprises, is an active voice on X. Among other things, he is also known for sharing thoughtful reflections on life. With a substantial following, Goenka often shares anecdotes and advice drawn from decades of experience. His recent post about anger and why to control it has struck a chord with social media users. The Indian billionaire's post about how to manage anger has gone viral. (Representational image). (Unsplash/Muhmed Alaa El-Bank) 'In all my years at work, I've never shouted or raised my voice at anyone- and I take quiet pride in that. Of course, I've had moments of anger, disappointment, and frustration. But I've learned that losing your temper doesn't help,' Harsh Goenka wrote. He continued that staying calm doesn't necessarily mean that one is unaffected, rather it signifies that a person is in control of his or her emotion. 'Grace under pressure - that, to me, is the true mark of leadership,' the industrialist added. Take a look at the post: What is Harsh Goenka's net worth? According to a report by Forbes, Harsh Goenka's net worth is $4.2 billion. He is the chairman of the conglomerate RPG Enterprises. How did social media react? Harsh Goenka's post struck a chord with people who shared varied comments. An individual posted, 'Affected but calm is a form of restraint in speech, but it does not constitute true calm. In contrast, not allowing oneself to be affected by circumstances by training one's mind to think clearly is the essence of real calm.' Another added, '100%, have missed a few times but have improved with age and experience.' A third shared, 'This is undoubtedly an amazing quality. I hardly know anybody who is rich, successful and yet so calm. One needs a profound insight to realise that losing one's temper doesn't help. It's a gift. A rare gift at that.' A fourth wrote, 'Agreed, Sir, this gives me an opportunity to share a personal memory. I worked with one of your companies around 20 years ago, looking after the Gujarat region from Ahmedabad for 8 months. We never met, but your values were felt throughout the organisation. My boss was kind, people at RPG House were soft spoken and welcoming, and the culture was so different from the large corporate I came from. Visiting RPG House felt truly royal. Grateful for those memories.'
