Tag: Business

Kolkata (West Bengal) [India], May 17:  Vijaya Diagnostic Centre, one of India’s leading integrated diagnostic service providers, today announced the grand opening of its state-of-the-art diagnostic centre in Barasat, Kolkata. This expansion underscores Vijaya Diagnostic Centre’s commitment to making world-class, affordable diagnostic services accessible to communities across India.

Inaugurated by Dr. Kakoli Ghosh Dastidar, Honourable Member of Lok Sabha, the new Barasat centre highlights the company’s dedication to providing advanced diagnostic services at affordable prices, delivering the same quality, trust, and technology Vijaya is known for. A key highlight is Barasat’s first-ever 3 Tesla MRI, significantly enhancing regional diagnostic capabilities.

Equipped with cutting-edge technology and staffed by highly skilled professionals, the centre offers comprehensive services including the revolutionary 3 Tesla MRI, Digital X-Ray, Ultrasonography, 2D Echo, Stress TMT, PFT, ECG, and a wide array of speciality lab investigations.

Vijaya Diagnostic Centre is one of India’s largest and most trusted integrated diagnostic chains, with a strong presence in Andhra Pradesh, Telangana, Maharashtra, Karnataka, West Bengal, and NCR. Committed to accuracy, reliability, and patient-centric care, Vijaya Diagnostic Centre utilizes state-of-the-art technology and a team of experienced professionals to deliver a comprehensive range of pathology and radiology services across its extensive network of centres. With a legacy spanning over four decades, Vijaya Diagnostic Centre consistently strives to provide world-class diagnostic solutions at affordable prices, ensuring superior health outcomes for communities across the nation.

Dr. Surender Reddy, Chairman of Vijaya Diagnostic Centre, stated, “This new advanced facility in Barasat, with the 3 Tesla MRI, will significantly fulfill the community’s healthcare needs. It strengthens our commitment to delivering top-tier diagnostic services to the community.”

Suprita Reddy, MD & CEO of Vijaya Diagnostic Centre, added, “We are dedicated to providing high-standard and holistic patient care. This Barasat centre offers timely and reliable diagnostic services, supported by advanced technology and experienced professionals. We invite the people of Barasat to experience our world-class services for better health outcomes.”

For patient convenience, the centre offers online booking, home sample collection, and instant report access via the Vijaya Diagnostic Centre mobile app. With over four decades of expertise, Vijaya Diagnostic Centre continues to set benchmarks in diagnostic care, reflecting its unwavering commitment to bridging healthcare access gaps in the region.

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Mumbai (Maharashtra) [India], May 15: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leadingcoated metal products manufacturer and exporter. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Audited financials for Q4 FY25 & FY25.

Q4 FY25 Consolidated Financial Highlights

• Total Revenue of ₹ 209.85 Cr

• EBITDA of ₹ 17.13 Cr

• EBITDA Margin (%) of 8.16%

• Net Profit of ₹ 5.03 Cr

• Net Profit Margin (%) of 2.39%

• Diluted EPS of ₹ 0.68

FY25 Consolidated Financial Highlights

• Total Revenue of ₹ 789.66 Cr

• EBITDA of ₹ 63.01 Cr

• EBITDA Margin (%) of 7.89%

• Net Profit of ₹15.39 Cr

• Net Profit Margin (%) of 2.00%

• Diluted EPS of ₹ 2.07

Q4 FY25 Standalone Financial Highlights

• Total Revenue of ₹ 209.82 Cr

• EBITDA of ₹ 17.11 Cr

• EBITDA Margin (%) of 7.97%

• Net Profit of ₹5.10 Cr

• Net Profit Margin (%) of 1.98%

• Diluted EPS of ₹ 0.69

FY25 Standalone Financial Highlights

• Total Revenue of ₹ 789.55 Cr

• EBITDA of ₹ 62.91 Cr

• EBITDA Margin (%) of 8.15%

• Net Profit of ₹15.64 Cr

• Net Profit Margin (%) of 2.43%

• Diluted EPS of ₹ 2.11

Key Highlights for FY25

• EBITDA stood at ₹63.01 Cr, marking a 10.79% YoY increase

• Profit Before Tax rose by 38.13% YoY to ₹20.59 Cr

• Profit After Tax grew by 36.97% YoY to ₹15.82 Cr

• Earnings Per Share improved by 24.12% YoY, reaching ₹2.07

• Debt-Equity Ratio improved from 2.48 to 1.81, indicating stronger financial stability.

• For FY25 Exports contributed ₹ 306.39 Cr, which is 39% of the total revenue, whereas domestic revenue contributed ₹ 475.27 Cr, which is 61% of the total revenue.

• The production of Galvanized steel increased by 20.62% YoY in FY25.

• The production of Colour coated steel coils grew by 21.99% YoY in FY25.

Commenting on the performance Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, “We are pleased to report that FY25 was a landmark year for us. During the year, we successfully completed two crucial fund-raising initiatives through the allotment of warrants and equity shares. The capital raised has significantly strengthened our balance sheet and will fuel our upcoming growth initiatives.

As we step into FY26, we are excited about the transformational projects underway. We are upgrading our galvanizing technology to manufacture AluZinc—a high-performance alloy-coated steel known for its durability and premium pricing. This shift is expected to improve our operating margins and overall profitability from the very first quarter of the new fiscal.

We are also in the process of establishing a captive solar power plant, which will replace a large portion of our grid dependency. This will substantially reduce our power costs and support our sustainability goals.

Additionally, we are expanding our colour-coating capacity through the installation of a second line. This will bring our downstream processing in line with our upstream capabilities, helping us serve growing demand both domestically and globally.

With growing exports and increasing demand for value-added coated products, we are confident that we are entering a new phase of accelerated and sustainable growth.”

Q4 FY25 Key Business Highlights

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Jaipur (Rajasthan) [India], May 16: Signoria Creation, (NSE – SIGNORIA), a leading name in women’s apparel industry is pleased to announce the commencement of commercial production at its new rented premises located at Plot No. 37, Krishna Nagar, Village Kalyanpura, Tehsil Sanganer, District Jaipur (303503), Rajasthan as of May 13, 2025.

This expansion represents a significant step forward in Signoria’s long-term strategy to scale operations and reinforce its presence in the market. The new facility features advanced production infrastructure aimed at boosting capacity, enhancing efficiency, and elevating product quality. The increased output is expected to streamline operations, shorten lead times, and support the introduction of new product lines.

With this facility, Signoria Creation marks a pivotal advancement in its growth journey. Spanning 5,000 square feet, the newly operational unit is equipped to accommodate 130 machines, boosting daily production capacity by 1,000 pieces—from 2,500 to 3,500 pieces per day—representing a robust 40% increase, enabling the company to better meet rising demand, scale up its offerings, and strengthen supply chain responsiveness.

Commenting on the development, Mr. Vasudev Agarwal, CMD of Signoria Creation Limited said, “We are pleased to announce the commencement of commercial production at our new Jaipur facility, a key milestone in our strategic growth plan. This expansion significantly enhances our production capabilities, enabling us to respond more efficiently to increasing demand while maintaining our commitment to quality. It positions us to tap into larger orders, enter new markets and further solidify Signoria Creation’s reputation as a dynamic and dependable player in the women’s apparel industry.

With this development, Signoria Creation Ltd. is strategically positioned to tap into new growth avenues, expand its footprint, and continue delivering sustained value to all stakeholders.”

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New Delhi [India], May 16: Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement industry, has announced a significant milestone with the onboarding of a prestigious new client, Shree Cement Limited, one of India’s top cement manufacturers. Under this partnership, the company has commenced operations at the Rohtak Depot under the CFA model, marking a major expansion in the company’s client portfolio.

This collaboration is a significant milestone for the company, further strengthening its position as one of the trusted and efficient supply chain partners. With this partnership, the company now serves 4 of the top 5 cement manufacturers in India, highlighting a strong presence in the sector.

The Rohtak Depot is the first CFA-model depot/rake point launched by the company in FY 2025–26 and the second new facility started during the current financial year. With this, the company’s total network of depots and rake points has grown to 104. The company has also secured approval for the Bhiwani Depot from Shree Cement, which is expected to commence operations shortly.

The tie-up with Shree Cement not only strengthens the company’s market presence but also opens up avenues for long-term volume growth and operational scalability. The CFA model enables closer integration with the client’s supply chain, offering faster delivery and enhanced service levels.

Looking ahead, the company has set an ambitious target to manage more than 200 depots. The company continues to demonstrate its commitment to delivering reliable, efficient, and scalable supply chain solutions to the cement industry.

Commenting on this Mr. Uddhav Poddar, Managing Director, Kaushalya Logistics Limited said, “We are delighted to partner with Shree Cement Limited, one of India’s leading cement manufacturers. This partnership marks a significant achievement for Kaushalya Logistics and clearly reflects the industry’s growing confidence in our capabilities. With this addition, we are proud to be serving 4 of the top 5 cement companies in the country, further strengthening our position as a trusted supply chain partner. The launch of the Rohtak Depot under the CFA model is another step toward our mission of delivering seamless, efficient, and scalable supply chain solutions. As we progress toward our goal of expanding to 225 depots by FY26, we remain committed to building strong, long-term partnerships and driving meaningful growth across the cement industry.

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New Delhi [India], May 16: Banganga Paper Industries Limited (BSE Code – 512025), (Formerly known as Inertia steel Limited), one of the leading manufacturer and supplier of a diverse range of kraft paper, has announced its Audited Q4 & FY25 results.

Key Consolidated Financial Highlights:

Q4 FY25

• Total Income of ₹ 20.56 Cr

• EBITDA of ₹ 2.08 Cr

• EBITDA Margin of 10.13%

• Net Profit of ₹ 1.00 Cr

• Net Profit Margin of 4.86%

• EPS of ₹ 0.83

FY25

• Total Income of ₹ 58.24 Cr

• EBITDA of ₹ 4.90 Cr

• EBITDA Margin of 8.42%

• Net Profit of ₹ 1.88 Cr

• Net Profit Margin of 3.23%

• EPS of ₹ 1.57

Commenting on the financial performance, Mr. Karbhari Dhatrak Chairman & Managing Director, Banganga Paper Industries Limited said, “We are pleased with our progress in Q4 FY25, which underscores the strength of our manufacturing operations and the growing influence of our wholly owned subsidiary, Banganga Paper Mills. Our facility, operating at high efficiency, positions us well to meet the rising demand for sustainable and high-quality kraft paper products.

Sustainability remains at the heart of our business strategy. Our commitment is reflected in the adoption of eco-conscious technologies such as the Refuse-Derived Fuel system, which allows us to convert non-disposable waste into fuel for paper production—further reducing our environmental impact. Additionally, our recent Power Purchase Agreement with Livint Green Technologies marks a significant step in our journey towards clean energy. By integrating solar power into our operations, we are not only reducing our carbon footprint but also strengthening energy resilience.

Looking ahead, we are optimistic about the future. With a focus on innovative practices, environmentally responsible manufacturing, and an expanding product portfolio tailored to emerging market needs, we are confident in our ability to sustain our growth trajectory and create long-term value.”

Key Operational Highlights

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New Delhi [India], May 16: Global hospitality technology company OYO has announced the launch of a summer vacation limited-period free stay program across 1100+ company serviced hotels in popular holiday destinations across India. A total of 1000 free stays will be available each day on a first-come, first-served basis, allowing thousands of travelers to enjoy a comfortable and memorable stay at no cost. Guests can redeem their complimentary stay by entering the coupon code FREESUMMER while booking through the OYO app or website.

The offer is valid from May 17 to 24, 2025, giving travelers the chance to experience OYO’s premium hospitality completely free of charge.

It covers a wide range of OYO properties across hill stations, beach towns, and heritage cities, including Shimla, Manali, Mussoorie, Goa, Jaipur, Udaipur, and Ooty, among others. For travelers looking to blend business with leisure, the program also includes major urban hubs like Delhi, Jaipur, Hyderabad, Pune, and Kolkata, offering the perfect mix of work and relaxation.

The initiative is aimed at encouraging more families and solo travelers to explore new places while staying at OYO’s premium properties. The hotel brands included as part of this scheme include Townhouse and Collection O properties.

Unlike other OYO properties, company serviced hotels stand out for their high-quality services, modern interiors, and enhanced guest experience. These hotels are carefully curated and managed directly by OYO to ensure superior comfort, top-tier amenities, and impeccable service.

Commenting on the initiative, Varun Jain, Chief Operating Officer, OYO said “We see this as a unique opportunity for guests to experience the comfort and consistency of our company-serviced premium hotels. That’s why this summer, we’re offering free stays at select premium properties—making travel more accessible, joyful, and rewarding for families, business, pilgrims  and solo travelers alike.”

For more details and to book your stay, visit www.oyorooms.com or download the OYO app today.

About OYO

OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate approximately 1.75 lakh hotels and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of March 30, 2024. For more information, visit www.oyorooms.com.

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Mumbai (Maharashtra) [India], May 16: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced their financial results for the quarter and year ended March 31, 2025.

Q4 FY25 Key Financial Highlights

• Total Income of ₹ 403.3 Mn, YoY change of -4.3%
• EBITDA of ₹ 82.3 Mn, YoY growth of 15.8%
• EBITDA Margin (%) of 20.4%, YoY growth of 355 BPS
• PAT of ₹ 44.8 Mn, YoY growth of 28.6%
• PAT Margin (%) of 11.1%, YoY growth of 284 BPS

FY25 Key Financial Highlights

• Total Income of ₹ 1465.8 Mn, YoY growth of 20.1%
• EBITDA of ₹ 283.1 Mn, YoY growth of 7.1%
• EBITDA Margin (%) of 19.3%, YoY change of -234 BPS
• PAT of ₹ 131.2 Mn, YoY growth of 7.5%
• PAT Margin (%) of 9.0%, YoY change of -106 BPS

Other Key Highlights:

• Total Income stood at Rs. 403.3 Mn in Q4FY25 as against to Rs. 421.4 Mn; during FY25 Total Income stood at Rs. 1,465.8 Mn a strong growth of 20.1% YoY against Rs. 1,220.2 Mn in FY24
• EBITDA for the Q4FY25 was at Rs. 82.3 Mn as against Rs. 71.0 Mn in Q4FY24, a growth of 15.8% YoY with an EBITDA Margin of 20.4% in Q4FY25; EBITDA for FY25 stood at Rs. 283.1 Mn and Margin of 19.3% in FY25
• Profit after Tax stood at Rs. 44.8 Mn in Q4FY25 as against Rs. 34.9 Mn, a robust growth of 28.6% YoY; During FY25 PAT stood at Rs. 131.2 Mn against Rs. 122.1 Mn in FY24 a growth of 7.5% YoY
• Approved Bonus Issue in the ratio of 1:1 of fully paid-up equity shares of ₹2 each to existing shareholders.

Commenting on the Company’s performance Mr. Santosh Ladha, Managing Director of the Company said: “I am pleased to announce that we continue to grow in Q4FY25. Throughout the year, we encountered challenges related to input costs; however, we experienced a revival in Q4FY25, which is evident in our improved operational profitability. The growth was accelerated by our B2B segment where we have added 9 new distributors during the quarter. Recently, we have also successfully raised capital through a rights issue totalling Rs. 47.5 crores, which will be strategically allocated to support our growth initiatives.

Looking ahead to FY26, we plan to expand our production capacity to reach 38,000 pieces per day. We are excited to introduce our new inner wear line and enhance our sportswear offerings, underscoring our commitment to innovation and quality. We anticipate strong growth driven by organic demand and new capacity additions, while also focusing on enhancing our retail D2C segment to accelerate our growth trajectory and deliver greater value to our stakeholders. Iris Clothings remains dedicated to elevating the DOREME brand and advancing the company to the next level of growth.”

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Mumbai (Maharashtra) [India], May 16: Focus Lighting & Fixtures Limited.(NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, has secured a significant commercial order from Larsen & Toubro Limited – Construction Division. The order, valued at ₹10.5 Cr, is for the manufacture, supply, and delivery of advanced LED lighting and fixtures, to be executed over a period of eight months.

This development marks a major milestone for Focus Lighting as it strengthens its portfolio of marquee clients and underscores the company’s growing reputation as a dependable partner in the infrastructure and construction ecosystem. The company will supply a range of high-performance LED lighting systems that are designed to meet the rigorous demands of modern infrastructure projects.

Commenting upon milestone achieved, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “We are delighted to have been chosen by Larsen & Toubro for this significant order. L&T is one of India’s most respected infrastructure companies, and this collaboration is a strong validation of our capabilities in terms of product quality, compliance, and timely delivery.

This order reflects the growing importance of advanced lighting solutions in infrastructure projects that demand both performance and aesthetics. We look forward to delivering customized lighting systems that meet L&T’s stringent technical standards.

This partnership not only strengthens our presence in the infrastructure segment but also opens up exciting new opportunities for us to support large-scale, technically demanding projects across the globe.”

With the Indian infrastructure sector projected to grow rapidly, Focus Lighting is well-positioned to support future projects through its proven expertise, efficient production systems, and commitment to delivering high-quality lighting solutions. The company aims to leverage this momentum by expanding its footprint across government, urban, and industrial infrastructure projects.

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Mumbai (Maharashtra) [India], May 15: KRN Heat Exchanger and Refrigeration Limited (KRN) (NSE – KRN | BSE – 544263), is a prominent company in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry, announce that its wholly owned subsidiary, KRN HVAC Products Private Limited (KRN HVAC), has received approval under the Government of India’s PLI Scheme for white goods (Air Conditioners and LED products).

The approval, granted by IFCI Limited, a Government of India undertaking, includes financial incentives amounting to ₹141.72 Cr. The PLI Scheme, a flagship initiative under the ‘Make in India’ program, aims to establish India as a global manufacturing hub by incentivizing domestic production, promoting value addition, and reducing import dependency in critical sectors.

The incentive will support KRN’s expansion plans, developing a localized component ecosystem, and enhancing backward integration capabilities. This strategic move aligns with the company’s commitment to building energy-efficient, environmentally sustainable products that meet global standards.

KRN expects this development to significantly enhance its operational scalability and financial performance, creating long-term value —including investors, customers, suppliers, and employees.

Comment on Development Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “Receiving the PLI scheme approval is a landmark achievement that validates our strategic investments in expanding and modernizing our manufacturing capabilities. This incentive not only strengthens our financial position but also accelerates our vision of making KRN a global leader in energy-efficient HVAC and white goods manufacturing. Our focus remains on innovation, quality, and sustainable growth, backed by strong domestic demand and rising export opportunities. With government initiatives like the PLI scheme aligning with our goals, we are confident of delivering superior value to our customers, and the broader ‘Make in India’ mission.”

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