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Murugappa Group
Cholamandalam Investment and Finance Company Ltd has recorded a consolidated profit after tax for the January-March 2025 quarter at Rs 1,259.54 crore, the company said on Saturday. The city-based company, which is the financial services arm of the diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 1,065.23 crore during the corresponding quarter of last financial year. For the financial year ending March 31, 2025, the profit after tax surged to Rs 4,262.70 crore, from Rs 3,420.06 crore registered in the year ago period. The consolidated total income for the January-March 2025 quarter soared to Rs 7,136.91 crore, as compared to Rs 5,499.16 crore registered in the year ago period. For the financial year ending March 31, 2025, the consolidated total income went up to Rs 26,152.76 crore from Rs 19,419.87 crore registered in the year ago period. The total disbursements made during the quarter under review grew by 7 per cent to Rs 26,417 crore as compared t
Wendt (India) Ltd, an abrasive and precision component manufacturer, reported a consolidated net profit of Rs 12.89 crore for the January-March 2025 quarter, the company said. The city-based company, part of the diversified Murugappa Group, had registered a profit of Rs 13.38 crore during the corresponding quarter of the previous financial year. For the year ending March 31, 2025, the consolidated net profit stood at Rs 39.48 crore, as against Rs 40.95 crore recorded during the same period last year. The consolidated total income for the January-March 2025 quarter rose to Rs 77.71 crore, from Rs 71.89 crore in the corresponding quarter of the previous financial year. For the full year ending March 31, 2025, the consolidated total income increased to Rs 242.48 crore, compared to Rs 233.95 crore in the year-ago period. The Board of Directors has recommended a final dividend of Rs 20 per share (200 per cent on the face value of equity shares of Rs 10 each). The payment of the final .
The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group's proposal to acquire Germany-based MHM Holding. MHM Holding is the parent company of Hubergroup, a global player in the printing ink and chemicals industry. It has global footprint in growth markets such as Asia and India. The New York-headquartered Avenue Capital Group through its arm, Avenue India Emergence Pte, while Mavco Investments, a private investment vehicle belonging to select members of the Murugappa family, is acquiring a stake in MHM Holding. "Pursuant to the share purchase agreement (SPA) executed between MHM Beteiligungsgesellschaft mbH and MHM Vermogensverwaltungs GmbH (the sellers), Avenue and Mavco had agreed to be severally responsible to acquire 100 per cent of the shares in MHM Holding GmbH (target) from the sellers," a notice submitted with the CCI said. Subsequently, Avenue and Mavco would incorporate a joint venture company (to be ...
Murugappa Group firm Tube Investments of India Ltd on Thursday said it will acquire a 67 per cent equity stake in the Indian arm of South Korea's KC Altech Co Ltd for Rs 62 crore. The company has executed a definitive agreement for subscription of a 67 per cent equity stake in Kcaltech System India Pvt Ltd (KCAL India), a subsidiary of KC Altech Co Ltd, the Tube Investments of India (TII) said in a statement. "This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in heating, ventilation, and air conditioning (HVAC) systems for automobiles," it added. The proposed investment will support KCAL India's expansion plans, including increasing its manufacturing capabilities, the company added. The acquisition will be carried out "by way of subscription to fresh equity shares for a consideration of about Rs 62 crore", TII said in a regulatory filing. The acquisition is expected t
Tube Investments of India Ltd has reported a rise in its consolidated profit after tax for the April-June 2024 quarter, which stands at Rs 313.65 crore, the company said on Thursday. The city-based company, part of the Murugappa Group, had registered a profit after tax of Rs 277.51 crore in the same period a year ago. For the year ending March 31, 2024, the consolidated profit after tax stood at Rs 1,682.83 crore. The consolidated total income during the quarter under review grew to Rs 4,642.66 crore, as compared to Rs 3,946.14 crore recorded year ago. For the year ending March 31, 2024, the consolidated total income stood at Rs 17,142.04 crore. In a statement, the company said the revenue of the engineering business during the quarter under review grew to Rs 1,265 crore as compared to Rs 1,142 crore in the corresponding quarter last year. The company's metal formed products business registered a revenue of Rs 358 crore during the June quarter, compared to Rs 342 crore in the ...
Abrasives manufacturer Carborundum Universal Ltd (CUMI) has reported a consolidated net profit for April-June 30, 2024 at Rs 114.84 crore, the company said on Tuesday. The city-based company, part of the diversified conglomerate Murugappa Group, had registered a net profit of Rs 117.76 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated net profit was at Rs 476.18 crore. The consolidated total income during the June-quarter fell to Rs 1,204.56 crore, from Rs 1,234.13 crore registered during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated total income was at Rs 4,778.84 crore. The company said the consolidated abrasives grew at 6.3 per cent during the April-June 2024 quarter, while the ceramics and electro-minerals segment fell by 6 per cent and 9 per cent respectively. "Profit after tax and non-controlling interest for the quarter was almost flat at Rs 113 crore against Q1 of last y
Murugappa Group company CG Power and Industrial Solutions has signed an agreement with two foreign entities to set up an Outsourced Semiconductor Assembly and Test facility and plans to invest Rs 7,600 core in India over five years. The two entities are Renesas which is a leading semiconductor company headquartered in Japan and Stars Microelectronics, a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider, CG Power and Industrial Solutions (CG) said in an exchange filing on Friday. "CG, a part of Tube Investments of India Limited and the Murugappa Group, Renesas Electronics Corporation (Renesas) and Stars Microelectronics (Thailand) Public Co. Ltd (Stars Microelectronics) recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India," the filing said. The JV will be 92.3 per cent owned by CG, with Renesas and Stars Microelectronics each holding equity capital of approximately 6.8 per cent and 0.9