Download Unicorn Signals App

By EquityPandit

BUSINESS

Vodafone Idea Suffers Q2 Loss backed by Higher Expenses

Vodafone Idea's second-quarter loss widened to Rs 7,595 crore on higher expenses.

Vodafone Idea reports net revenue of Rs 10,614.6 crore, linked to Rs 10410.10 Crore in Q1FY23, resulting in a QoQ growth of 1.96%. The company reported an EBITDA of Rs 4097.50 crore compared to Rs 4328.40 Crore of the quarter that ended June, showing a QoQ fall of 5.33%. 


The EBITDA margin was down to 38.6% in Q2FY23 compared to 41.6% in Q1FY23. The company stated a loss in net profit of Rs 7595.50 crore in Q2FY23 compared to a loss of Rs 7296.70 crore in Q1FY23.

Akshaya Moondra, the CEO of Vodafone Idea Limited, said, “We are hopeful to report the fifth consecutive quarter of revenue progress and 4G subscriber participation. This performance is sorely driven by the continued rise in the 4G subscriber base supported by superior data and voice experience given by Vi GIGAnet. The newest IMC report shows a wide range of 5G offerings for our enterprise and users on the Vi 5G network. Our board has approved the issuance of Optionally Convertible Debentures that amounts to Rs 16 billion to ATC India.”


The company mentioned that the “Board approved the issuance of Optionally Convertible Debentures (OCDs) worth Rs 16 billion to ATC Telecom Infrastructure Private Limited subject to conditions applied.”

The ARPU for this quarter rose 19.5% year on year to Rs 131 from Rs 128 in Q1FY23. Due to Vi GIGAnet’s excellent data idea, the number of 4G subscribers hiked to Rs 120.6 million. According to the TRAI “MyCall” app data, Vi endures delivering the best voice quality for 20 out of the 23 months from November 2020 to September 2022.

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.
BUSINESS

NBCC Bags Two New Orders Worth Rs 850 Crore 

Ali Waghbakriwala

NBCC (India) Ltd, on 14 February, announced that it has secured new orders worth Rs 851.69 crore. 

The first contract, valued at Rs 776.75 crore, was awarded by Damodar Valley Corporation for the construction of buildings and related infrastructure in townships at Durgapur, Koderma, and Raghunathpur in Kolkata.

The second contract, worth Rs 74.94 crore, was secured from the Ministry of Housing and Urban Affairs for maintenance work at the New Moti Bagh GRPA Complex for two years, extending until FY27.

In terms of financial performance, the state-owned Navratna infrastructure firm reported a 25.1% year-on-year (YoY) increase in net profit, reaching Rs 138.5 crore for the quarter ended December 2024, up from Rs 110.7 crore in the same period last year.

Revenue from operations also saw a healthy 16.6% YoY growth, rising to Rs 2,827 crore in Q3 FY25 from Rs 2,423.5 crore in the previous year. At the operational level, EBITDA increased 22% YoY to Rs 142 crore, compared to Rs 116.8 crore in Q3 FY24, with EBITDA margins improving slightly to 5% from 4.8%, reflecting enhanced efficiency.

On 13 February, NBCC provided strong guidance for FY26, projecting revenue growth of 25-35%, significantly higher than the current 10-15% run rate. The company also expects margin expansion of 0.5-1% from existing levels.

Ask the analyst & get instant answer about NBCC (India) Ltd.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!

BUSINESS

BAT Looking to Sell Stake in ITC Hotels 

Ali Waghbakriwala

British American Tobacco (BAT) intends to sell its 15.3% ownership in ITC Hotels by 2026. Its share in ITC’s hotel subsidiary is currently worth Rs 5,405 crore ($623 million).

During its FY24 earnings call, the company stated that it has no plans to purchase long-term shares in a network of hotels in India. Thus, it will decide when it is most advantageous to raise shareholder value. “We have no interest in becoming a long-term shareholder of a hotel chain in India,” said Tadeu Marroco, Chief Executive Officer of BAT.

Last year, BAT sold a 3.6% stake in ITC Ltd. for £1.57 billion, allowing it to begin its share repurchase program in accordance with the wishes of several important shareholders. BAT plans to repurchase a further £900 million this year, having already repurchased £700 million in 2024.

Following ITC’s extended ESOPs and BAT’s stock sale, BAT’s stake in ITC was reduced to 25.4%, or around $15 billion, in today’s currency. Moreover, BAT purchased ownership in ITC Hotels as a consequence of the demerger. During this reorganization, ITC Hotels immediately issued equity shares to ITC investors.

In accordance with their respective ownership stakes, the remaining shares were distributed to the other equity holders, with ITC keeping 40% of the shares. While BAT presently controls 15.3% of ITC Hotels, the country’s biggest insurer, Life Insurance Corporation of India (LIC), currently holds 9.2%.

Marroco also explained his plans for the proceeds from the sale of ITC Hotels’ stock. He said on the analysts’ call, “We will use the proceeds to ensure that we reach the leverage corridor of 2-2.5 by 2026,” he said during the analysts’ call.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!

BUSINESS

Volvo Group Planning to Invest Rs 1,400 Crore in Karnataka 

Ali Waghbakriwala

Swedish truck and bus manufacturer Volvo Group has announced a ₹1,400 crore investment to expand its manufacturing operations in Karnataka.

On 13 February, the company signed a Memorandum of Understanding (MoU) with the Karnataka government to establish its fourth global manufacturing hub in Hosakote, Bengaluru.

The agreement was formalized at Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence of Large and Medium Industries Minister MB Patil. The MoU was signed by Industries Department Principal Secretary S. Selvakumar and Volvo India Managing Director Kamal Bali.

In a media statement, Volvo Group stated that the new facility will generate over 2,000 direct jobs and significantly enhance production capacity. With this expansion, the Hosakote plant’s annual output is expected to rise from 3,000 to 20,000 trucks and buses, serving both domestic and international markets.

Speaking at the event, Chief Minister Siddaramaiah emphasized Volvo’s 25-year legacy in Karnataka and its impact on the state’s transportation sector, particularly in the luxury bus segment. He also assured government support to drive job creation and economic growth through this expansion.

Martin Lundstedt, CEO of Volvo Group, said, “This expansion will strengthen India’s role in the global supply chain while boosting the company’s production capabilities.”

Martin added, “With annual revenue exceeding $50 billion, Volvo’s expansion aligns with its strategy to strengthen its presence in India’s fast-growing market.”

Martin added that this expansion will enable the company to manufacture around 20,000 buses and trucks per year, allowing them to meet local demand and contribute significantly towards employment generation. 

The upcoming Hosakote hub will further strengthen Volvo’s presence in Karnataka, complementing its existing facilities in Peenya, Hosakote, and Dharwad. Additionally, Bengaluru is home to Volvo’s Global Competence Center (GCC), which employs over 3,500 professionals across R&D, IT, procurement, logistics, and finance.

The MoU signing ceremony was also attended by LK Atheeq, Additional Secretary to the Chief Minister, and Gunjan Krishna, Commissioner for Industrial Development and Director of the Department of Commerce and Industries.

Tired of guessing stocks to trade in daily?
Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!

BUSINESS

Titagarh Rail Secures Order From Ambuja Cements and ACC

Ali Waghbakriwala

Titagarh Rail Systems announced on Wednesday 12 that it has received a letter of acceptance (LoA) from Ambuja Cements and ACC Ltd to manufacture and supply 16 BCFCM rake wagons in addition to BVCM wagons for a total consideration of Rs 537.11 crore.

It is scheduled to be finished between January 2026 and March 2027.

This week, the company announced its intention to enter two new business sectors in addition to its core train operation.

It is going to enter the “Shipbuilding and Maritime Systems” sector in order to pursue maritime commercial activities, including shipbuilding and ship repair.

The company has also announced its plan to enter the “Signalling and safety systems” industry, where it will, subject to compliance, carry out railway safety and signaling-related activities such as train control and condition monitoring.

This division, according to Titagarh, will focus on railway operations and develop and execute solutions that enable safe and effective train operations.

Last month, the company said that it wants to create 1,000 wagons each month for the freight industry.

Vice-Chairman and Managing Director Umesh Chowdhary said, “In the previous quarter (July-September 2025), we achieved a run rate of about 900 wagons per month or about 2,700 wagons a quarter. We are fairly confident that from March quarter onwards, we will be able to stabilize at the 3,000 wagon per quarter run rate.”

Wondering About Titagarh Rail Systems? The Analyst Has Answers.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!

BUSINESS

Vedanta Looking to Sell Stake in Konkola Copper Mines

Dhruva Kulkarni

The billionaire Anil Agarwal’s Vedanta Resources has begun negotiations with a group of foreign investors to sell a sizable minority stake in Zambia’s Konkola Copper Mines (KCM), which it recently regained control of, according to sources who spoke to Moneycontrol on condition of anonymity due to the confidential nature of the discussions.

Glencore plc is a potential investor and one of the largest and most varied natural resource companies in the world. The Vedanta Group’s holding company, Vedanta Resources (VRL), is noteworthy for having obtained a $250 million loan from Glencore in May of 2014. A 4.4% stake in Vedanta Ltd., a subsidiary of VRL that is listed in India, used as collateral for the loan. Glencore has not replied to an email requesting a statement as of the time of publication.

As the mining business seeks to acquire funds to boost production at one of the world’s largest high-grade copper deposits, the action is being taken.

With a copper percentage of more than 2.4%, KCM is considered to be one of the richest deposits of high-grade copper in the world. Because of its substantial cobalt deposits and resources, the mine is positioned as one of the world’s top five cobalt producers. In order to meet the growing demand for copper and cobalt brought on by the global energy revolution and the popularity of electric vehicles, Vedanta plans to significantly increase output at the site.

Konkola Copper Mines’ reserves and resources contain 16 million tonnes of contained copper. With 412,000 tonnes of cobalt reserves and resources, the mine has the potential to be one of the top five cobalt producers in the world.

Vedanta lost ownership of the mine when the Zambian government placed KCM under provisional liquidation in 2019 on allegations that the company had failed to pay taxes and had misrepresented its growth ambitions. The dispute led to a protracted judicial battle before Vedanta and Zambian officials came to a deal in 2023. The agreement restored Vedanta’s ownership, allowing it to intensify its efforts to reopen the copper mine.

The decision comes as India’s biggest corporations are investing more in the copper sector to capitalize on its critical role in the development of infrastructure, renewable energy, and the electric vehicle (EV) revolution. By heavily investing in regional refining facilities, the Adani Group, Vedanta, and Hindalco—a branch of the Aditya Birla Group—are spearheading this copper rush.

India has very modest deposits of copper ore, about 0.31% of the world’s total. More than two-fifths of the country’s copper ore reserves and resources are held by Hindustan Copper, according to its FY24 annual report. Being India’s sole copper mining company, Hindustan Copper has significant sway over refiners.

The ongoing discussions with foreign investors are expected to help secure the capital required to increase KCM’s manufacturing capacity. Zambia, Africa’s second-largest producer of copper, has been working to improve its investment climate for mining companies.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!

Latest
IPO
Weekly
Outlook

Stock
Market
Prediction