Recently, the latest shareholding update shows that Kela bought 33.41,700 shares to own a 1.16% stake in Waaree Energies, a solar photovoltaic module manufacturer, for Rs. 870.6 crore.
Besides, Kela bought 33,79,834 shares of Indostar Capital Finance, or a 2.48% stake in the non-banking financial company; the deal cost Rs 94.5 crore.
Interestingly, for the September quarter, Kela did not own a stake in either of these companies, or it was less than 1%.
According to the December 2024 filed Corporate Shareholding reports, Madhuri Madhusudan Kela currently owns 11 stocks with a total net worth of more than Rs. 1,414.3 crore as per the Trendlyne reports.
Operating Here With The Company’s Financials And Shares
Battery manufacturing player Waaree Energies has managed to offer a 73.34% increase in the share price over the past twelve months, with a more sedate 1.57% increase in the week prior to writing this article. It was down 1.71 percent to end at Rs 2,604.40 on the BSE on Friday.
The consolidated revenues were flattened at Rs 3,574 crore in the September 2014 quarter compared with Rs 3,537 crore in the year-ago period and were in line with expectations. For the financial year ended March 31, 2012, the Company’s EBITDA increased by 1.5% YoY to Rs 525 crore and EBITDA marginally better at 14.7% as against 14.6% in the previous year.
Breath, systematically, went to the worst as margins reduced to 16.2% in Q1FY25 from 16.2% by declining 152 bps. PBT rose by 15% YoY to Rs 468 crore while PAT enhanced by 17% YoY to Rs 376 crore, thanks to a jump in other income to Rs 89.09 crore against Rs 21.25 crore in the same quarter last year.
Market Reaction
Following the earnings announcement on January 17, 2025, Wipro’s ADRs traded at approximately $3.50, reflecting a robust market response to the positive earnings report. The surge in ADRs indicates strong investor confidence, buoyed by the company’s solid performance metrics and strategic outlook for future quarters.
Wipro’s CEO, Srini Pallia, emphasized that the company’s strong execution during what is typically a seasonally weak quarter allowed it to exceed revenue guidance while achieving its highest margins in recent years. He noted that Wipro continues to invest in innovation and workforce development as part of its long-term growth strategy.