According to the latest shareholding update, Kela acquired 33.41,700 shares in Waaree Energies, securing a 1.16% stake in the solar photovoltaic module manufacturer with an investment of Rs 870.6 crore.
Additionally, Kela purchased 33,79,834 shares in Indostar Capital Finance, representing a 2.48% stake in the non-banking financial firm, valued at Rs 94.5 crore.
Notably, Kela did not hold a stake in either of these companies during the September quarter, or her holding was below the 1% disclosure threshold.
As per corporate shareholdings filed for December 2024, Madhuri Madhusudan Kela publicly holds 11 stocks with a net worth of over Rs 1,414.3 crore, according to Trendlyne data.
Waaree Energies shares and financials
Battery manufacturing player Waaree Energies has delivered a robust 73.34% gain in share price over the past year, with a modest 1.57% rise in the last week. The stock closed 1.71% lower on Friday at Rs 2,604.40 on the BSE.In Q2FY25, the company reported flat consolidated revenue of Rs 3,574 crore, compared to Rs 3,537 crore in Q2FY24. EBITDA rose 1.5% YoY to Rs 525 crore, with margins slightly improving to 14.7% from 14.6% in the previous year. Sequentially, margins contracted by 152 bps from 16.2% in Q1FY25. Profit after tax surged 17% YoY to Rs 376 crore, driven by a sharp increase in other income, which rose to Rs 89.09 crore from Rs 21.25 crore in the year-ago quarter.
Indostar Capital Finance shares and financials
Over the past six months, the stock has delivered a solid return of 16.36%, climbing to an impressive 38.77% over the past year. Shares closed 1.82% higher on Friday at Rs 279.25 on the BSE.
In Q2, the NBFC reported a robust 27.9% year-over-year rise in profit, supported by an 8.05% growth in topline revenue despite a sequential decline. Quarterly revenue fell 13.11%, while profit rose 27.08%, highlighting the company’s strong cost controls. Selling, General, and Administrative (SG&A) expenses dropped 5.28% quarter-over-quarter, even as they increased 24.68% year-over-year, demonstrating effective expense management.
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