TVS Motor Launches Apache RTR 310 at National Bikers Weekend in Singapore

Key Takeaways from TVS Motor’s Launch:

• TVS Motor Company introduced the new Apache RTR 310 at the National Bikers Weekend in Singapore on October 21, 2024.
• The event featured the entire Apache lineup, including the Apache RTR 200 4V and Apache RR 310, attracting motorcycle enthusiasts from the region.
• The Apache RTR 310 boasts advanced technology such as a reverse-inclined engine, cruise control, and multiple ride modes for enhanced safety and performance.
• TVS emphasizes its heritage and commitment to quality, aiming to provide a unique and thrilling riding experience with the new model.

The event, held from October 18 to 20, showcased various models from the TVS Apache line, including the Apache RTR 200 4V and Apache RR 310. National Bikers Weekend is Singapore's premier motorcycle exhibition, drawing attendees from Singapore and nearby regions.

The TVS Apache RTR 310 features advanced technology and design innovations aimed at enhancing rider engagement and safety. It includes unique aspects such as a reverse-inclined DOHC engine, cruise control, and multiple ride modes.

Rahul Nayak, Vice President of International Business at TVS Motor Company, expressed excitement about the launch, emphasizing the motorcycle's heritage and its appeal to riding enthusiasts.

The TVS Apache RTR 310 is expected to deliver a unique riding experience, backed by TVS’s commitment to quality and innovation.

About TVS Motors Limited:

TVS Motor Company is the third-largest two-wheeler manufacturer in India, with a strong global presence in regions such as the Middle East, Africa, Southeast Asia, and Latin America. The company reported a consolidated revenue of USD 4.74 billion (₹391.4 billion) for FY 2023-24 and boasts an annual production capacity of 4.95 million two-wheelers and 240,000 three-wheelers. With four modern manufacturing facilities located in India (Hosur, Mysuru, and Nalagarh) and one in Indonesia, TVS is committed to sustainable mobility and innovation. The company has a 100-year legacy built on trust, value, and service, and is recognised for its high-quality products. Notably, it is the only two-wheeler manufacturer to receive the prestigious Deming Prize.

TVS Motor Company consistently ranks highly in customer satisfaction surveys, being the number one company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Its product portfolio includes popular motorcycle models like the TVS Apache series, electric scooters like the TVS iQube, and a variety of scooters and three-wheelers. The company also has a strong presence in the e-mobility sector through its subsidiaries, such as the Swiss E-Mobility Group (SEMG) and EGO Movement, which lead the e-bike market in Switzerland. With a commitment to delivering an exceptional customer experience, TVS Motor operates in over 80 countries worldwide.

Key Takeaways from Balu’s Financial Performance

• Revenue from operations grew by 60.1% YoY to ₹222.88 crores in Q2 FY25.
• Total income rose by 56%% to ₹225.38 crores for the quarter.
• Basic EPS improved by 84.2%, standing at ₹4.55 for the quarter.

The half-year revenue also surged by 58.2%, reaching ₹398.19 crores from ₹251.61 crores in H1 FY24.

Balu Forge's total income for the quarter stood at ₹225.38 crores, a 57.3% rise from ₹143.29 crores in the same period last year. On a half-year basis, total income rose by 57.0% to ₹401.75 crores compared to ₹255.78 crores in H1 FY24.

The company saw its total expenses increase by 42.4% YoY to ₹161.43 crores in Q2 FY25, while half-year expenses climbed 43.1% to ₹295.88 crores.

Despite higher expenses, Balu Forge achieved substantial growth in profitability. Profit before tax (PBT) for the quarter jumped by 113.5% to ₹63.95 crore, compared to ₹29.96 crore in Q2 FY24. For the half-year, PBT rose by 116.0% to ₹105.86 crores from ₹49.03 crores in H1 FY24.

The company’s profit after tax (PAT) saw similar strong growth, increasing by 106.8% to ₹48.14 crores in Q2 FY25, and for the half-year, PAT grew by 106.1% to ₹82.31 crores.

In terms of EBITDA, Balu Forge posted ₹81.72 crores for the quarter, a 67.8% increase from ₹48.71 crores in Q2 FY24, and ₹135.65 crores for the half-year, up 66.6% from ₹81.41 crores in H1 FY24.

The company’s Earnings Per Share (EPS) showed notable improvement, with basic EPS for the quarter rising by 84.2% to ₹4.55 from ₹2.47 in Q2 FY24. Half-year basic EPS increased by 75.6% to ₹7.90 from ₹4.50 in H1 FY24.

About Balu Forge Industries Limited

Balu Forge Industries Limited specialises in manufacturing fully finished and semi-finished forged crankshafts and components. The company produces precision-engineered products that comply with new emission regulations and cater to the emerging new energy vehicle market. Balu Forge’s forging components and crankshafts serve a wide range of industries, including automobiles, defence, railways, and the new energy sector.

Key Takeaways from E2E’s Financial Performance

• Revenue from operations increased by 120% YoY, reaching ₹47.55 crore in Q2 FY25.
• Total income surged by 119.5% YoY to ₹48.41 crore, compared to ₹22.05 crore in Q2 FY24.
• EBITDA increased by 178.8%, standing at ₹32.30 crore, reflecting efficient scaling of the business.

Including other income, the company’s total income grew by 119.5%, reaching ₹48.41 crore compared to ₹22.05 crore in the same quarter last year.

The company experienced a 141.8% rise in total expenses, which amounted to ₹32.30 crore in Q2 FY25, up from ₹13.36 crore in Q2 FY24. This spike in expenses was driven by increased operational costs and the expansion of the company’s activities.

Despite the rise in expenses, E2E Networks Limited’s profit before tax (PBT) surged by 85.4%, reaching ₹16.11 crore in Q2 FY25, compared to ₹8.69 crore in the same period last year. Profit after tax (PAT) also saw a remarkable jump of 109.7%, growing from ₹5.79 crore in Q2 FY24 to ₹12.15 crore in Q2 FY25.

Additionally, the company's EBITDA experienced a significant rise, recording ₹32.30 crore in Q2 FY25, a 178.8% increase from ₹11.58 crore in Q2 FY24. 

About E2E Networks Limited

E2E Networks Ltd., listed on the National Stock Exchange (NSE), is a leading Indian provider of advanced cloud infrastructure, specialising in cloud GPU solutions such as NVIDIA A100/H100 GPUs. Focused on affordability, accessibility, and self-reliant solutions, E2E Networks plays a key role in India's cloud infrastructure, offering a public cloud platform designed to meet the needs of AI/ML startups, enterprises, and educational institutions.

The company is known for its accelerated computing cloud platform, supporting applications in AI/ML, NLP, and generative AI. E2E Networks has established itself as a reliable partner for cloud-based computing solutions, contributing to India's growth as an AI/ML hub.

Key Takeaways from Bajaj Housing Financial Performance: 

• Bajaj Housing Finance's net profit for Q2 FY25 rose 21% year-on-year to Rs 546 crore, up from Rs 451 crore, following its IPO in September 2024, which raised Rs 6,560 crore.
• The company’s net interest income grew 13% to Rs 713 crore, while assets under management increased by 26% to Rs 1.03 lakh crore as of September 30, 2024.
• Despite these positive results, the net profit margin slightly decreased to 22.64%, and gross non-performing assets (NPA) rose to 0.29%.
•  The capital adequacy ratio improved significantly to 28.98% post-IPO, although the annualised return on assets dipped to 2.5%, and the return on equity fell to 13%.

The company's net interest income rose 13% year-on-year to Rs 713 crore, and assets under management jumped 26% to Rs 1.03 lakh crore as of September 30, 2024, compared to Rs 81,215 crore the previous year.

Despite these gains, the net profit margin fell slightly to 22.64% from 23.6% a year ago. Gross non-performing assets (NPA) increased to 0.29% from 0.24%, and net NPA rose to 0.12% from 0.09%. The provision coverage ratio (PCR) declined to 57.87% from 60.79%.

On a positive note, the capital adequacy ratio improved significantly to 28.98% from 22.64%, indicating strong capital reserves post-IPO. However, the annualised return on assets dipped to 2.5% from 2.6%, and the return on equity fell to 13% from 16.1%.

About Bajaj Housing Finance Limited:

Bajaj Housing Finance Limited (BHFL) is classified as an "Upper-Layer NBFC" by the RBI and is a subsidiary of Bajaj Finance Limited, a leading and diverse non-banking financial company in India. Based in Pune, BHFL serves over 88.11 million customers nationwide. It provides financing for individuals and businesses to buy or renovate homes and commercial spaces. BHFL also offers loans against property for personal or business needs and provides working capital for business growth. Additionally, it finances developers involved in building residential and commercial properties and offers lease rental discounting to developers and wealthy individuals. The company has received a AAA/Stable rating for its long-term debt and an A1+ rating for its short-term debt from CRISIL and India Ratings.