India Achieves 100GW Solar Power Milestone, Targets 500GW by 2030

India Achieves 100GW Solar Energy Capacity, Eyes 500GW by 2030

India has reached a major renewable energy milestone by surpassing 100 GW of installed solar capacity. Union Minister Pralhad Joshi announced this achievement, reaffirming the nation's ambitious goal of attaining 500 GW of renewable energy capacity by 2030.

India's Solar Power Expansion

Under the leadership of Prime Minister Narendra Modi, India has significantly accelerated its solar power initiatives. The country initially aimed to reach 100 GW of solar energy by 2022 as part of its 175 GW renewable energy goal. However, the disruptions caused by the COVID-19 pandemic delayed the timeline.

Despite these setbacks, India has emerged as a global leader in renewable energy, showcasing rapid advancements in solar technology and infrastructure.

Key Achievements in India's Solar Sector

• Solar Power Surge: India's solar capacity has grown 35 times in the past decade, rising from 2.82 GW in 2014 to 100 GW in 2025.
• Ongoing Developments: As of January 31, 2025, an additional 84.10 GW is under implementation, with 47.49 GW in the tendering stage.
• Hybrid & Round-the-Clock Energy: India is also investing in hybrid and round-the-clock renewable energy projects, with a combined 64.67 GW under implementation and tendering.
• Record Growth in 2024: The country added 24.5 GW of solar capacity in 2024, marking a more than twofold increase from 2023.

Leading States in Solar Installations

Several Indian states have played a crucial role in achieving this milestone. The top-performing states contributing to large-scale solar energy generation include:

• Rajasthan
• Gujarat
• Tamil Nadu
• Maharashtra
• Madhya Pradesh

Growth in Rooftop Solar Installations

The rooftop solar sector in India has also seen remarkable growth. In 2024 alone, 4.59 GW of new rooftop solar capacity was installed, reflecting a 53% increase compared to 2023. A key driver of this growth has been the PM Surya Ghar: Muft Bijli Yojana, which has enabled nearly 9 lakh households to adopt solar energy solutions.

India’s Rising Role in Solar Manufacturing

India has not only expanded its solar capacity but has also strengthened its position in solar manufacturing. In 2014, the country had a modest solar module production capacity of 2 GW. By 2024, this capacity had surged to 60 GW, positioning India as a global leader in the sector.

With continued government support and strategic policies, India is projected to achieve a 100 GW solar module production capacity by 2030.

Future Roadmap

India's commitment to renewable energy is stronger than ever, with policies focused on expanding solar parks, rooftop installations, and hybrid renewable energy solutions. The country’s renewable energy vision aligns with its broader goal of ensuring sustainable, affordable, and clean energy access for millions of people.

The 100 GW milestone is a testament to India's dedication to green energy, reinforcing its position as a global leader in the renewable energy transition.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Delhivery Q3 Results: Profit Surges 114% YoY to ₹25 Crore, Revenue Up 8%

Delhivery Q3 Results: Cons PAT Soars 114% YoY to ₹25 Crore, Revenue Up 8%

Overview

Delhivery has marked its third consecutive profitable quarter in Q3 FY25, with a remarkable 114% surge in net profit to ₹25 crore. The company’s revenue from operations climbed 8% YoY to ₹2,378 crore, reflecting its steady growth in a challenging market environment. These results underscore Delhivery’s resilience and strategic focus across its diverse logistics segments.

Detailed Financial Performance

The December quarter showcased Delhivery’s robust performance despite broader industry headwinds. Key financial highlights include:

• Net Profit: Increased to ₹25 crore, up from ₹12 crore in Q3 FY24 – a 114% YoY rise.
• Revenue: Grew 8% YoY from ₹2,194 crore to ₹2,378 crore.
• Sequential Growth: Q3 FY25 PAT was 145% higher than the ₹10 crore recorded in Q2 FY25.
• EBITDA: Marginally declined to ₹102 crore from ₹109 crore YoY.

These figures highlight Delhivery’s ability to maintain profitability while managing cost pressures effectively.

Segment Performance

Delhivery’s diversified logistics operations played a pivotal role in driving its performance:

• Express Parcel: Revenue grew by 3% YoY to ₹1,488 crore, with shipments increasing by 2% from 201 million to 206 million.
• Part Truckload: Revenue surged 22% YoY to ₹462 crore, with volumes rising 17% to 412K MT.
• Supply Chain Services: Revenue jumped 29% YoY to ₹222 crore, supported by new client acquisitions and expansion with existing partners.
• Truckload Service: Witnessed a modest 5% YoY growth to ₹160 crore.
• Cross Border Services: Revenue increased by 12% YoY to ₹43 crore.

Operational Insights and Strategic Outlook

Delhivery’s management remains optimistic despite industry challenges. According to the company’s leadership, profitability continued unabated in Q3 even as market headwinds persisted. Notably, December emerged as the highest volume month for Part Truckload services following the successful integration of Spoton—a trend that has positively carried into January.

The company’s focus on operational efficiency, coupled with its ability to diversify revenue streams, has solidified its competitive position in the logistics arena. With steady growth in both top-line revenue and profitability, Delhivery is well-positioned to capitalize on emerging opportunities in the sector.

Future Growth Prospects

Looking ahead, Delhivery is expected to continue its growth trajectory by leveraging its strong network and diversified service offerings. The incremental gains across key segments like Express Parcel, Truckload, and Supply Chain Services suggest that the company is not only resilient but also adaptive to evolving market conditions.

Investors and market analysts are keeping a close watch on Delhivery’s strategic initiatives, as these are likely to drive further consolidation of its market leadership in the competitive logistics landscape.

Conclusion

Delhivery’s Q3 FY25 results reflect a significant leap in financial performance, with net profit surging 114% YoY and revenue experiencing an 8% increase. Despite a slight dip in EBITDA, the company’s diversified operations and strategic focus on efficiency have enabled it to sustain profitability. As Delhivery continues to refine its service offerings and expand its market reach, it stands out as a compelling player in the logistics industry.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Balu Forge Q3 Results: Net Profit Soars 134% YoY, Revenue Up 74%

Balu Forge Q3 Results: Net Profit Jumps 134% YoY, Revenue Surges 74%

Strong Q3 Performance by Balu Forge

Balu Forge Ltd has reported an exceptional **134% year-on-year (YoY) growth in net profit**, reaching ₹59 crore in the **third quarter of FY25**. The company’s revenue surged **74% YoY** to ₹256 crore, reflecting strong demand for its specialized engineering products.

Key Financial Highlights for Q3 FY25

• Net profit: ₹59 crore, up **134% YoY** from ₹25 crore in Q3 FY24.
• Revenue: ₹256 crore, up **74% YoY** from ₹147 crore.
• EBITDA: ₹68 crore, reflecting a **107% YoY** increase.
• EBITDA margin: Expanded by **422 basis points (bps)** to 26.47%.
• 9M FY25 revenue: ₹654 crore, up **64% YoY** from ₹399 crore.
• 9M FY25 PAT: ₹141 crore, marking a **116% YoY** increase.

Operational Efficiency and Expansion Plans

According to Trimaan Chandock, Executive Director of Balu Forge, the impressive results were driven by strong demand for high-margin, value-added engineering products. The company focused on **operational efficiency**, which contributed to higher **EBITDA margins**.

Strategic Diversification into Aerospace and Defence

In a strategic move, Balu Forge has signed a **Memorandum of Understanding (MoU) with Swan Energy Limited** to establish a **Special Purpose Vehicle (SPV)**. This partnership will cater to **defence, aerospace, railways, and nuclear industries**, strengthening the company’s presence in high-growth technology-driven sectors.

Technology Advancements Driving Growth

Balu Forge has invested in cutting-edge **7-axis CNC machining technology**, enhancing its ability to manufacture high-precision components. This move will bolster the company’s position in **aerospace, defence, and oil & gas sectors**, ensuring long-term growth.

Final Thoughts

Balu Forge has delivered a **stellar Q3 performance**, with **triple-digit profit growth** and strong expansion plans. With its focus on high-margin products, strategic partnerships, and advanced manufacturing capabilities, the company is well-positioned for future growth.

Investors and market analysts will closely watch how Balu Forge executes its **diversification strategy** and sustains its **profitability momentum** in the coming quarters.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Godrej Properties Q3 Results: Net Debt Drops 49% to ₹3,848 Crore, Revenue Doubles

Godrej Properties Q3 Results: Net Debt Down 49% to ₹3,848 Crore on Strong Cash Flow and Equity Fundraise

Godrej Properties Significantly Cuts Debt in Q3 FY25

Godrej Properties Ltd has reported a remarkable 49% reduction in net debt, bringing it down to ₹3,848 crore in the December quarter. This significant decline is attributed to robust internal cash flow and an equity fundraise of ₹6,000 crore through a Qualified Institutional Placement (QIP).

Strategic Fund Utilization for Expansion

Pirojsha Godrej, Executive Chairperson of Godrej Properties, emphasized that the raised capital would be strategically deployed for acquiring land across major metropolitan cities. This move aligns with the company's growth strategy to expand its real estate footprint in key markets.

Key Financial Highlights

• Net debt: Reduced to ₹3,848 crore, a 49% decline from ₹7,572 crore as of September 30, 2024.
• Net debt-to-equity ratio: Improved to 0.23.
• Customer collections from pre-sales: Increased by 27% YoY to ₹3,069 crore in Q3 FY25.
• Sales bookings: Godrej Properties led the real estate sector in 2024 with properties worth ₹28,800 crore sold.

Surge in Profit and Revenue

Godrej Properties posted a strong performance in the December quarter, with its consolidated net profit surging over 2.5 times to ₹162.64 crore, compared to ₹62.27 crore in the same quarter last year. The company’s total revenue also more than doubled to ₹1,239.97 crore, up from ₹548.31 crore in Q3 FY24.

Performance Over Nine Months (April-December FY25)

• Net profit: ₹1,017.90 crore, a significant rise from ₹254.01 crore in the previous year.
• Total revenue: ₹4,285.99 crore, up from ₹2,419.40 crore in the corresponding period last year.

Market Presence and Growth Plans

Godrej Properties has strengthened its position as one of India’s leading real estate developers, maintaining a strong presence in major markets such as the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company’s aggressive expansion strategy, fueled by the QIP fundraise, is expected to drive further growth in the coming quarters.

Final Thoughts

The latest financial results highlight Godrej Properties’ strong financial discipline and strategic vision. The sharp reduction in net debt, coupled with a surge in revenue and profit, positions the company well for sustained growth in India’s real estate market.

Investors and industry analysts will be closely watching how the company deploys its capital in the coming months, especially in acquiring new land parcels to further enhance its portfolio.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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FII Selling Continues: Rs 9,100 Cr Outflow in Feb

FIIs Continue Selling Indian Equities, Offload Rs 9,100 Crore in February

Foreign Institutional Investors (FIIs) have maintained their selling pressure in the Indian equity market, with net outflows of Rs 9,090 crore in the cash segment this month up to February 7, according to market data.

Persistent Selling Trend

Despite investing Rs 1,478 crore through primary market issuances, the overall trend indicates a strong inclination towards selling. For the calendar year 2025, FIIs have divested a significant amount of Rs 90,993 crore from Indian equities.

Reasons Behind the Outflow

The substantial sell-off can be largely attributed to the strength of the dollar index and elevated US bond yields. These factors have made it more attractive for FIIs to shift capital away from emerging markets such as India.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The strength in the dollar index and the high US bond yields continue to force the FIIs to sell. Going forward, FIIs are likely to reduce their selling since the dollar index and US bond yields are indicating a softening trend.”

Improving Domestic Sentiment

Market sentiment within India is gradually improving, fueled by a positive response to the Union Budget and the recent rate cut by the Monetary Policy Committee. The BJP's victory in the Delhi elections is also expected to contribute to increased market confidence in the short term.

Future Market Direction

The medium-to-long term trajectory of the market will depend on a sustained recovery in GDP growth and corporate earnings, as stated by Viajayakumar.

India's Resilience

Despite global concerns such as potential tariffs and trade restrictions from the US government, rising inflation risks, currency depreciation, and trade wars, India appears to be well-positioned. Strong measures and timely rate cuts by the RBI are aimed at boosting domestic investments and consumption, thereby maintaining market buoyancy.

Manoj Purohit, Partner & Leader, FS Tax, Tax & Regulatory Services at BDO India, noted that the government has laid the roadmap for a ‘Viksit Bharat’ vision through sound reforms in the financial services sector, enhancing foreign participation. While FPI inflows have not yet fully turned positive, the announcements in the Budget and the Central Bank’s policy release have put India back in the forefront as one of the fastest-emerging economies.

Government Initiatives to Attract Foreign Investment

The government has echoed these sentiments by simplifying the tax regime, clarifying tax anomalies, and extending tax holidays in IFSC Gift City by another 5 years, making the Indian market more appealing to foreign investors.

The decision to invite 100% FDI in insurance is another step that is expected to deepen the insurance market, promote competition, and encourage the adoption of global best practices.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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