📊Q4FY25 Earnings Review April 21: Tata Investment, Himadri, Anant Raj, IGI, Alok Industries, and Shilchar Technologies

Priyanshu Gupta
Priyanshu Gupta
••5 min read
📊Q4FY25 Earnings Review April 21: Tata Investment, Himadri, Anant Raj, IGI, Alok Industries, and Shilchar Technologies

From real estate and speciality chemicals to transformers and gemstones, here’s how the latest financial results of Tata Investment, Himadri Speciality Chemical, Anant Raj, International Gemmological Institute (IGI), Alok Industries, and Shilchar Technologies played out.

📊 Tata Investment Corporation

Rating: ⭐⭐ (2/5) — Disappointing results with a silver lining

  • Net Profit: ₹37.70 crore (▼37% YoY)
  • Revenue: ₹16.40 crore (▼71.20% YoY)
  • Dividend: ₹27/share (270% on ₹10 face value)

✅ What’s Working:

  • Attractive dividend yield
  • Governance continuity with re-appointment of Rajiv Dube

❌ What’s Not:

  • Steep decline in revenue and profits
  • Portfolio underperformance likely due to market volatility

🔮 Outlook:
Strategic recalibration is needed. Backed by Tata Sons (68.5% stake), a recovery is possible if long-term investments are reassessed.


🧪 Himadri Speciality Chemical

Rating: ⭐⭐⭐⭐ (4/5) — Strong profit growth despite revenue hiccup

  • Net Profit: ₹155.58 crore (▲35.9% YoY)
  • Revenue: ₹1,134.64 crore (▼3.59% YoY)
  • EBITDA: ₹231.01 crore (▲29.16% YoY)
  • Dividend: ₹0.60/share (60% on ₹1 face value)

✅ What’s Working:

  • Excellent profit and margin growth
  • Strategic acquisition of Elixir Carbo for ₹7.5 crore

❌ What’s Not:

  • Marginal revenue decline may indicate pricing pressure

🔮 Outlook:
Positioned strongly in high-growth sectors like EVs and speciality chemicals. Watch for top-line stability.

🏡 Anant Raj

Rating: ⭐⭐⭐⭐⭐ (5/5) — A real estate powerhouse

  • Net Profit: ₹118.79 crore (▲41.4% YoY)
  • Revenue: ₹540.65 crore (▲22.16% YoY)
  • EBITDA: ₹142 crore (▲36.4% YoY)
  • Dividend: ₹0.73/share (36.5% on ₹2 face value)

✅ What’s Working:

  • Strong residential, commercial, and data center growth
  • Margin jump to 26%
  • Focus on Tier III & IV data centers (157 MW IT load plan)

❌ What’s Not:

  • Stock still 46% below Dec 2024 peak despite results

🔮 Outlook:
Diversified portfolio and digital infrastructure push make Anant Raj a long-term gem for real estate bulls.

💎 International Gemmological Institute (IGI)

Rating: ⭐⭐⭐ (3/5) — Steady but unspectacular

  • Net Profit: ₹140.72 crore (▲12% YoY)
  • Revenue: ₹304.78 crore (▲10% YoY)
  • EBITDA: ₹195.63 crore (▲13% YoY)
  • EBITDA Margin: 64.2%

✅ What’s Working:

  • Healthy margins with global lab network
  • Reliable, stable performance in jewellery certification

❌ What’s Not:

  • Growth slower than peers
  • No dividend announced

🔮 Outlook:
Low-risk, steady performer, but needs innovation to excite growth-focused investors.

🧵 Alok Industries

Rating: ⭐⭐⭐ (3/5) — Recovery in progress

  • Net Loss: ₹74.47 crore (narrowed from ₹215.93 crore YoY)
  • Revenue: ₹952.96 crore (▼35% YoY, ▲10.3% QoQ)

✅ What’s Working:

  • Losses reduced significantly
  • Revenue uptick QoQ signals operational improvement
  • Backed by Reliance Industries (40% stake)

❌ What’s Not:

  • Still deep in the red
  • Textile market headwinds remain

🔮 Outlook:
Restructuring, new CFO, and Reliance’s support hint at potential turnaround — but patience is key.

⚡ Shilchar Technologies

Rating: ⭐⭐⭐⭐⭐ (5/5) — Electrifying performance

  • Net Profit: ₹55.36 crore (▲121.26% YoY)
  • Revenue: ₹231.86 crore (▲119.1% YoY)
  • Dividend: ₹12.50/share
  • Bonus: 1:2 proposed issue

✅ What’s Working:

  • Stellar revenue and profit surge
  • Focus on renewables, telecom, and ferrite transformers
  • Shareholder-friendly moves: dividend + bonus

❌ What’s Not:

  • None. Knocked it out of the park!

🔮 Outlook:
A rising star in power and electronics — Shilchar is attracting both value and growth investors with its visionary expansion.

🔚 Final Word

Q4FY25 brought everything — glittering growth, hopeful recoveries, and harsh corrections. Shilchar Technologies and Anant Raj stood tall with five-star showings, while Himadri impressed with margin control and smart M&A. IGI and Alok Industries held steady or improved modestly. Meanwhile, Tata Investment disappointed despite a generous dividend.

As we move into FY26, the spotlight will remain on execution, sectoral resilience, and capital efficiency. Investors, take your pick — and remember, the best portfolios combine both box-office hits and hidden gems.