Indo Count Industries Ltd Share Price – NSE  / BSE

Textiles, Small Cap

Campus Activewear Ltd, Garware Hi Tech Films Ltd, Elgi Equipments Ltd and Force Motors Ltd are among the other gainers in the BSE's 'A' group today, 12 February 2025.

Indo Count Industries Ltd soared 12.10% to Rs 302.85 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 17816 shares in the past one month.

Campus Activewear Ltd spiked 8.68% to Rs 286.1. The stock was the second biggest gainer in 'A' group. On the BSE, 2.76 lakh shares were traded on the counter so far as against the average daily volumes of 53971 shares in the past one month.

Garware Hi Tech Films Ltd surged 7.39% to Rs 3920.45. The stock was the third biggest gainer in 'A' group. On the BSE, 7132 shares were traded on the counter so far as against the average daily volumes of 8800 shares in the past one month.

Elgi Equipments Ltd spurt 6.80% to Rs 572.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 39107 shares were traded on the counter so far as against the average daily volumes of 9419 shares in the past one month.

Force Motors Ltd rose 6.67% to Rs 6710. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3141 shares were traded on the counter so far as against the average daily volumes of 3276 shares in the past one month.

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The frontline indices traded with substantial losses in mid-morning trade as concerns over persistent foreign institutional investor (FII) selling and escalating trade war tensions continued to weigh on market sentiment. The Nifty slipped below the 22,950 mark. Oil & gas shares witnessed selling pressure for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 498.77 points or 0.66% to 75,796.02. The Nifty 50 index lost 113.50 points or 0.58% to 22,938.30.

In the broader market, The S&P BSE Mid-Cap index fell 0.66%, and the S&P BSE Small-Cap index dropped 0.85%.

The market breadth was weak. On the BSE, 1,027 shares rose and 2,743 shares fell. A total of 121 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 7,38,108 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.01 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

The initial public offer (IPO) of Ajax Engineering received bids for 79,34,195 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.56 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Oil & Gas index fell 1.29% to 9,987.25. The index dropped 6.08% in five consecutive trading sessions.

Aegis Logistics (down 2.09%), Reliance Industries (down 2.02%), Indraprastha Gas (down 1.58%), Petronet LNG (down 1.56%), GAIL (India) (down 1.39%), Gujarat Gas (down 1.35%), Hindustan Petroleum Corporation (down 1.32%), Gujarat State Petronet (down 1.14%), Indian Oil Corporation (down 0.95%) and Oil & Natural Gas Corpn (down 0.77%) declined.

Stocks in Spotlight:

Indo Count Industries soared 10.24% after the company‘s consolidated net profit jumped 30% to Rs 75 crore in Q3 FY25 as compared with Rs 58 crore in Q3 FY24. Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Gopal Snacks slipped 3.26% after the company’s standalone net profit slipped 70.31% to Rs 5.31 crore as against Rs 17.89 crore posted in Q3 FY24. However, revenue from operations rose 7.07% to Rs 393.57 crore in Q3 FY25 over Q3 FY24.

Glenmark Pharmaceuticals declined 1.94%. The company has announced the launch of Clindamycin Phosphate Foam, which is a bioequivalent and therapeutically equivalent to the reference listed drug, Evoclin Foam of Mylan Pharmaceuticals Inc.

Global Markets:

Most Asian stocks traded higher on Wednesday as investors digested the impact of recent U.S. trade policy changes on regional economies.

U.S. Federal Reserve Chair Jerome Powell re-emphasized on Tuesday the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower.

In the U.S., the three major averages closed mixed. The S&P 500 added 0.03%, while the Nasdaq Composite lost 0.36%. The Dow Jones Industrial Average gained 0.28%.

Tesla Inc was a major weight on tech stocks, losing 6.3% during Tuesday’s session as investors fretted over a slew of headwinds for the stock, including heightened competition from Chinese EV makers, as well as concerns that CEO Elon Musk’s focus may be too diluted.

Investors were still digesting the impact of recently imposed higher trade tariffs, which are expected to potentially underpin inflation and weigh on economic growth in the coming months. Further trade policy changes have also been signaled.

The Fed Chair is set to testify before Congress on Wednesday, where he is likely to be questioned about the impact of these policies on the economy and inflation.

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Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Profit before tax (PBT) jumped 26.6% YoY to Rs 99.55 crore in Q3 FY25.

EBITDA stood at Rs 165 crore in Q3 FY25, registering the growth of 40% YoY as compared with Rs 118 crore in Q3 FY24. EBITDA margin reduced 205 bps to 14.2% in Q3 FY25 as against 16.2% in Q3 FY24.

In Q3 FY25, sales volume stood at 27.7 million meters.

“Fluvitex USA, Inc. and Modern Home Textiles, USA, along with new licensed brands, have started contributing to revenues. Achieved around Rs 100 crore in revenue in Q3; however, increased investments in systems and new hires have led to lower absorption of fixed costs,” the company stated in regulatory filing.

The company aims to set up a greenfield manufacturing facility in North Carolina, USA to deepen its market presence. It will invest approximately $15 million in the project, with a production capacity of 18 million pillows. The facility will be funded through a debt-to-equity ratio of 75:25. The gradual rollout, with revenue buildup targeted from September 2025.

On the outlook front for the financial year the 2024-2025, the company expects to achieve the lower end of sales volume guidance of 110-115 million meters with EBITDA margins in the range of 15-16%, upfront investments in team in USA to impact margins by 150-200bps and core bedding business continues to operate in guided margin range of approximately 16%.

Anil Kumar Jain, executive chairman, said, “At Indo count we have outperformed in challenging times especially in some of our end markets. We are making significant progress towards expanding our portfolio with value-added products through our strategic investments and prudent capital allocation.

Our relentless focus on serving both existing and new customers, with the enhanced product portfolio on back of recent acquisitions and value-added solutions, will help us strengthen our leadership position in the market. In the medium term, we see tailwinds in business and have strengthened our leadership team with key hires to drive growth and bring in the right expertise. Focus is also on expanding the brands and utility bedding business which is expected to be a key driver for the next phase of growth. Our optimism remains high for the next 3 years with the strategic initiatives we have executed over the last few quarters.”

Indo Count Industries is the largest global home textile bed linen manufacturer.

Powered by Capital Market - Live News

The frontline indices traded with substantial losses in mid-morning trade as concerns over persistent foreign institutional investor (FII) selling and escalating trade war tensions continued to weigh on market sentiment. The Nifty slipped below the 22,950 mark. Oil & gas shares witnessed selling pressure for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 498.77 points or 0.66% to 75,796.02. The Nifty 50 index lost 113.50 points or 0.58% to 22,938.30.

In the broader market, The S&P BSE Mid-Cap index fell 0.66%, and the S&P BSE Small-Cap index dropped 0.85%.

The market breadth was weak. On the BSE, 1,027 shares rose and 2,743 shares fell. A total of 121 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 7,38,108 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.01 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

The initial public offer (IPO) of Ajax Engineering received bids for 79,34,195 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.56 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Oil & Gas index fell 1.29% to 9,987.25. The index dropped 6.08% in five consecutive trading sessions.

Aegis Logistics (down 2.09%), Reliance Industries (down 2.02%), Indraprastha Gas (down 1.58%), Petronet LNG (down 1.56%), GAIL (India) (down 1.39%), Gujarat Gas (down 1.35%), Hindustan Petroleum Corporation (down 1.32%), Gujarat State Petronet (down 1.14%), Indian Oil Corporation (down 0.95%) and Oil & Natural Gas Corpn (down 0.77%) declined.

Stocks in Spotlight:

Indo Count Industries soared 10.24% after the company‘s consolidated net profit jumped 30% to Rs 75 crore in Q3 FY25 as compared with Rs 58 crore in Q3 FY24. Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Gopal Snacks slipped 3.26% after the company’s standalone net profit slipped 70.31% to Rs 5.31 crore as against Rs 17.89 crore posted in Q3 FY24. However, revenue from operations rose 7.07% to Rs 393.57 crore in Q3 FY25 over Q3 FY24.

Glenmark Pharmaceuticals declined 1.94%. The company has announced the launch of Clindamycin Phosphate Foam, which is a bioequivalent and therapeutically equivalent to the reference listed drug, Evoclin Foam of Mylan Pharmaceuticals Inc.

Global Markets:

Most Asian stocks traded higher on Wednesday as investors digested the impact of recent U.S. trade policy changes on regional economies.

U.S. Federal Reserve Chair Jerome Powell re-emphasized on Tuesday the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower.

In the U.S., the three major averages closed mixed. The S&P 500 added 0.03%, while the Nasdaq Composite lost 0.36%. The Dow Jones Industrial Average gained 0.28%.

Tesla Inc was a major weight on tech stocks, losing 6.3% during Tuesday’s session as investors fretted over a slew of headwinds for the stock, including heightened competition from Chinese EV makers, as well as concerns that CEO Elon Musk’s focus may be too diluted.

Investors were still digesting the impact of recently imposed higher trade tariffs, which are expected to potentially underpin inflation and weigh on economic growth in the coming months. Further trade policy changes have also been signaled.

The Fed Chair is set to testify before Congress on Wednesday, where he is likely to be questioned about the impact of these policies on the economy and inflation.

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Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Profit before tax (PBT) jumped 26.6% YoY to Rs 99.55 crore in Q3 FY25.

EBITDA stood at Rs 165 crore in Q3 FY25, registering the growth of 40% YoY as compared with Rs 118 crore in Q3 FY24. EBITDA margin reduced 205 bps to 14.2% in Q3 FY25 as against 16.2% in Q3 FY24.

In Q3 FY25, sales volume stood at 27.7 million meters.

“Fluvitex USA, Inc. and Modern Home Textiles, USA, along with new licensed brands, have started contributing to revenues. Achieved around Rs 100 crore in revenue in Q3; however, increased investments in systems and new hires have led to lower absorption of fixed costs,” the company stated in regulatory filing.

The company aims to set up a greenfield manufacturing facility in North Carolina, USA to deepen its market presence. It will invest approximately $15 million in the project, with a production capacity of 18 million pillows. The facility will be funded through a debt-to-equity ratio of 75:25. The gradual rollout, with revenue buildup targeted from September 2025.

On the outlook front for the financial year the 2024-2025, the company expects to achieve the lower end of sales volume guidance of 110-115 million meters with EBITDA margins in the range of 15-16%, upfront investments in team in USA to impact margins by 150-200bps and core bedding business continues to operate in guided margin range of approximately 16%.

Anil Kumar Jain, executive chairman, said, “At Indo count we have outperformed in challenging times especially in some of our end markets. We are making significant progress towards expanding our portfolio with value-added products through our strategic investments and prudent capital allocation.

Our relentless focus on serving both existing and new customers, with the enhanced product portfolio on back of recent acquisitions and value-added solutions, will help us strengthen our leadership position in the market. In the medium term, we see tailwinds in business and have strengthened our leadership team with key hires to drive growth and bring in the right expertise. Focus is also on expanding the brands and utility bedding business which is expected to be a key driver for the next phase of growth. Our optimism remains high for the next 3 years with the strategic initiatives we have executed over the last few quarters.”

Indo Count Industries is the largest global home textile bed linen manufacturer.

Powered by Capital Market - Live News

Net profit of Indo Count Industries rose 29.99% to Rs 75.47 crore in the quarter ended December 2024 as against Rs 58.06 crore during the previous quarter ended December 2023. Sales rose 61.41% to Rs 1151.55 crore in the quarter ended December 2024 as against Rs 713.42 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

Campus Activewear Ltd, Garware Hi Tech Films Ltd, Elgi Equipments Ltd and Force Motors Ltd are among the other gainers in the BSE's 'A' group today, 12 February 2025.

Indo Count Industries Ltd soared 12.10% to Rs 302.85 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 17816 shares in the past one month.

Campus Activewear Ltd spiked 8.68% to Rs 286.1. The stock was the second biggest gainer in 'A' group. On the BSE, 2.76 lakh shares were traded on the counter so far as against the average daily volumes of 53971 shares in the past one month.

Garware Hi Tech Films Ltd surged 7.39% to Rs 3920.45. The stock was the third biggest gainer in 'A' group. On the BSE, 7132 shares were traded on the counter so far as against the average daily volumes of 8800 shares in the past one month.

Elgi Equipments Ltd spurt 6.80% to Rs 572.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 39107 shares were traded on the counter so far as against the average daily volumes of 9419 shares in the past one month.

Force Motors Ltd rose 6.67% to Rs 6710. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3141 shares were traded on the counter so far as against the average daily volumes of 3276 shares in the past one month.

Powered by Capital Market - Live News

The frontline indices traded with substantial losses in mid-morning trade as concerns over persistent foreign institutional investor (FII) selling and escalating trade war tensions continued to weigh on market sentiment. The Nifty slipped below the 22,950 mark. Oil & gas shares witnessed selling pressure for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 498.77 points or 0.66% to 75,796.02. The Nifty 50 index lost 113.50 points or 0.58% to 22,938.30.

In the broader market, The S&P BSE Mid-Cap index fell 0.66%, and the S&P BSE Small-Cap index dropped 0.85%.

The market breadth was weak. On the BSE, 1,027 shares rose and 2,743 shares fell. A total of 121 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 7,38,108 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.01 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

The initial public offer (IPO) of Ajax Engineering received bids for 79,34,195 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.56 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Oil & Gas index fell 1.29% to 9,987.25. The index dropped 6.08% in five consecutive trading sessions.

Aegis Logistics (down 2.09%), Reliance Industries (down 2.02%), Indraprastha Gas (down 1.58%), Petronet LNG (down 1.56%), GAIL (India) (down 1.39%), Gujarat Gas (down 1.35%), Hindustan Petroleum Corporation (down 1.32%), Gujarat State Petronet (down 1.14%), Indian Oil Corporation (down 0.95%) and Oil & Natural Gas Corpn (down 0.77%) declined.

Stocks in Spotlight:

Indo Count Industries soared 10.24% after the company‘s consolidated net profit jumped 30% to Rs 75 crore in Q3 FY25 as compared with Rs 58 crore in Q3 FY24. Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Gopal Snacks slipped 3.26% after the company’s standalone net profit slipped 70.31% to Rs 5.31 crore as against Rs 17.89 crore posted in Q3 FY24. However, revenue from operations rose 7.07% to Rs 393.57 crore in Q3 FY25 over Q3 FY24.

Glenmark Pharmaceuticals declined 1.94%. The company has announced the launch of Clindamycin Phosphate Foam, which is a bioequivalent and therapeutically equivalent to the reference listed drug, Evoclin Foam of Mylan Pharmaceuticals Inc.

Global Markets:

Most Asian stocks traded higher on Wednesday as investors digested the impact of recent U.S. trade policy changes on regional economies.

U.S. Federal Reserve Chair Jerome Powell re-emphasized on Tuesday the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower.

In the U.S., the three major averages closed mixed. The S&P 500 added 0.03%, while the Nasdaq Composite lost 0.36%. The Dow Jones Industrial Average gained 0.28%.

Tesla Inc was a major weight on tech stocks, losing 6.3% during Tuesday’s session as investors fretted over a slew of headwinds for the stock, including heightened competition from Chinese EV makers, as well as concerns that CEO Elon Musk’s focus may be too diluted.

Investors were still digesting the impact of recently imposed higher trade tariffs, which are expected to potentially underpin inflation and weigh on economic growth in the coming months. Further trade policy changes have also been signaled.

The Fed Chair is set to testify before Congress on Wednesday, where he is likely to be questioned about the impact of these policies on the economy and inflation.

Powered by Capital Market - Live News

Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Profit before tax (PBT) jumped 26.6% YoY to Rs 99.55 crore in Q3 FY25.

EBITDA stood at Rs 165 crore in Q3 FY25, registering the growth of 40% YoY as compared with Rs 118 crore in Q3 FY24. EBITDA margin reduced 205 bps to 14.2% in Q3 FY25 as against 16.2% in Q3 FY24.

In Q3 FY25, sales volume stood at 27.7 million meters.

“Fluvitex USA, Inc. and Modern Home Textiles, USA, along with new licensed brands, have started contributing to revenues. Achieved around Rs 100 crore in revenue in Q3; however, increased investments in systems and new hires have led to lower absorption of fixed costs,” the company stated in regulatory filing.

The company aims to set up a greenfield manufacturing facility in North Carolina, USA to deepen its market presence. It will invest approximately $15 million in the project, with a production capacity of 18 million pillows. The facility will be funded through a debt-to-equity ratio of 75:25. The gradual rollout, with revenue buildup targeted from September 2025.

On the outlook front for the financial year the 2024-2025, the company expects to achieve the lower end of sales volume guidance of 110-115 million meters with EBITDA margins in the range of 15-16%, upfront investments in team in USA to impact margins by 150-200bps and core bedding business continues to operate in guided margin range of approximately 16%.

Anil Kumar Jain, executive chairman, said, “At Indo count we have outperformed in challenging times especially in some of our end markets. We are making significant progress towards expanding our portfolio with value-added products through our strategic investments and prudent capital allocation.

Our relentless focus on serving both existing and new customers, with the enhanced product portfolio on back of recent acquisitions and value-added solutions, will help us strengthen our leadership position in the market. In the medium term, we see tailwinds in business and have strengthened our leadership team with key hires to drive growth and bring in the right expertise. Focus is also on expanding the brands and utility bedding business which is expected to be a key driver for the next phase of growth. Our optimism remains high for the next 3 years with the strategic initiatives we have executed over the last few quarters.”

Indo Count Industries is the largest global home textile bed linen manufacturer.

Powered by Capital Market - Live News

The frontline indices traded with substantial losses in mid-morning trade as concerns over persistent foreign institutional investor (FII) selling and escalating trade war tensions continued to weigh on market sentiment. The Nifty slipped below the 22,950 mark. Oil & gas shares witnessed selling pressure for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 498.77 points or 0.66% to 75,796.02. The Nifty 50 index lost 113.50 points or 0.58% to 22,938.30.

In the broader market, The S&P BSE Mid-Cap index fell 0.66%, and the S&P BSE Small-Cap index dropped 0.85%.

The market breadth was weak. On the BSE, 1,027 shares rose and 2,743 shares fell. A total of 121 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 7,38,108 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.01 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

The initial public offer (IPO) of Ajax Engineering received bids for 79,34,195 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.56 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Oil & Gas index fell 1.29% to 9,987.25. The index dropped 6.08% in five consecutive trading sessions.

Aegis Logistics (down 2.09%), Reliance Industries (down 2.02%), Indraprastha Gas (down 1.58%), Petronet LNG (down 1.56%), GAIL (India) (down 1.39%), Gujarat Gas (down 1.35%), Hindustan Petroleum Corporation (down 1.32%), Gujarat State Petronet (down 1.14%), Indian Oil Corporation (down 0.95%) and Oil & Natural Gas Corpn (down 0.77%) declined.

Stocks in Spotlight:

Indo Count Industries soared 10.24% after the company‘s consolidated net profit jumped 30% to Rs 75 crore in Q3 FY25 as compared with Rs 58 crore in Q3 FY24. Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Gopal Snacks slipped 3.26% after the company’s standalone net profit slipped 70.31% to Rs 5.31 crore as against Rs 17.89 crore posted in Q3 FY24. However, revenue from operations rose 7.07% to Rs 393.57 crore in Q3 FY25 over Q3 FY24.

Glenmark Pharmaceuticals declined 1.94%. The company has announced the launch of Clindamycin Phosphate Foam, which is a bioequivalent and therapeutically equivalent to the reference listed drug, Evoclin Foam of Mylan Pharmaceuticals Inc.

Global Markets:

Most Asian stocks traded higher on Wednesday as investors digested the impact of recent U.S. trade policy changes on regional economies.

U.S. Federal Reserve Chair Jerome Powell re-emphasized on Tuesday the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower.

In the U.S., the three major averages closed mixed. The S&P 500 added 0.03%, while the Nasdaq Composite lost 0.36%. The Dow Jones Industrial Average gained 0.28%.

Tesla Inc was a major weight on tech stocks, losing 6.3% during Tuesday’s session as investors fretted over a slew of headwinds for the stock, including heightened competition from Chinese EV makers, as well as concerns that CEO Elon Musk’s focus may be too diluted.

Investors were still digesting the impact of recently imposed higher trade tariffs, which are expected to potentially underpin inflation and weigh on economic growth in the coming months. Further trade policy changes have also been signaled.

The Fed Chair is set to testify before Congress on Wednesday, where he is likely to be questioned about the impact of these policies on the economy and inflation.

Powered by Capital Market - Live News

Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25.

Profit before tax (PBT) jumped 26.6% YoY to Rs 99.55 crore in Q3 FY25.

EBITDA stood at Rs 165 crore in Q3 FY25, registering the growth of 40% YoY as compared with Rs 118 crore in Q3 FY24. EBITDA margin reduced 205 bps to 14.2% in Q3 FY25 as against 16.2% in Q3 FY24.

In Q3 FY25, sales volume stood at 27.7 million meters.

“Fluvitex USA, Inc. and Modern Home Textiles, USA, along with new licensed brands, have started contributing to revenues. Achieved around Rs 100 crore in revenue in Q3; however, increased investments in systems and new hires have led to lower absorption of fixed costs,” the company stated in regulatory filing.

The company aims to set up a greenfield manufacturing facility in North Carolina, USA to deepen its market presence. It will invest approximately $15 million in the project, with a production capacity of 18 million pillows. The facility will be funded through a debt-to-equity ratio of 75:25. The gradual rollout, with revenue buildup targeted from September 2025.

On the outlook front for the financial year the 2024-2025, the company expects to achieve the lower end of sales volume guidance of 110-115 million meters with EBITDA margins in the range of 15-16%, upfront investments in team in USA to impact margins by 150-200bps and core bedding business continues to operate in guided margin range of approximately 16%.

Anil Kumar Jain, executive chairman, said, “At Indo count we have outperformed in challenging times especially in some of our end markets. We are making significant progress towards expanding our portfolio with value-added products through our strategic investments and prudent capital allocation.

Our relentless focus on serving both existing and new customers, with the enhanced product portfolio on back of recent acquisitions and value-added solutions, will help us strengthen our leadership position in the market. In the medium term, we see tailwinds in business and have strengthened our leadership team with key hires to drive growth and bring in the right expertise. Focus is also on expanding the brands and utility bedding business which is expected to be a key driver for the next phase of growth. Our optimism remains high for the next 3 years with the strategic initiatives we have executed over the last few quarters.”

Indo Count Industries is the largest global home textile bed linen manufacturer.

Powered by Capital Market - Live News

Net profit of Indo Count Industries rose 29.99% to Rs 75.47 crore in the quarter ended December 2024 as against Rs 58.06 crore during the previous quarter ended December 2023. Sales rose 61.41% to Rs 1151.55 crore in the quarter ended December 2024 as against Rs 713.42 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News